Ondas Reports Revised Preliminary Fourth Quarter and Full Year 2025 Financial Results and will Report Final Results on March 25, 2026 at 8:30 a.m. ET
Rhea-AI Summary
Ondas (Nasdaq:ONDS) revised preliminary results for Q4 and full-year 2025 and will report final results on March 25, 2026 at 8:30 a.m. ET.
Key points: Q4 revenue expected $29.1–$30.1M (above prior $27–$29M), FY2025 revenue expected $49.7–$50.7M (above prior $47.6–$49.6M), an estimated $102M net gain from warrant liability fair-value change, cash ~$551M at 12/31/25, and ~$1B raised on Jan 12, 2026. Full-year 2026 revenue guidance reiterated at $170–$180M (ex‑acquisitions).
Positive
- Q4 revenue guidance revised higher to $29.1–$30.1M
- Full‑year 2025 revenue revised higher to $49.7–$50.7M
- Estimated $102M net gain from warrant liability fair‑value change in 2025
- Strong liquidity: $551M cash at 12/31/2025 and subsequent ~$1B capital raise
Negative
- Adjusted EBITDA loss of approximately $31M for full‑year 2025
- Q4 Adjusted EBITDA negative between $(9.9)M and $(9.4)M, indicating ongoing operating losses
Key Figures
Market Reality Check
Peers on Argus
ONDS slipped -0.74% while peers were mixed: VIAV and VSAT gained 9.74% and 10.59%, EXTR and BDC rose modestly, and COMM edged -0.38%. The mixed but largely positive peer action contrasts with ONDS’s slight decline, pointing to company-specific trading rather than a sector-wide move.
Previous Earnings date Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 09 | Prelim 2025 results | Positive | -1.1% | Preliminary 2025 revenue above guidance and reiterated 2026 outlook with earnings date set. |
The last earnings-date announcement with guidance above prior expectations saw a modest negative price reaction, indicating prior divergence between fundamentals and trading.
Ondas recently provided preliminary 2025 results on March 9, 2026, highlighting $29.1–$30.1 million in Q4 revenue and $49.7–$50.7 million for 2025, both above earlier guidance. That earnings-date news produced a -1.12% reaction despite stronger-than-guided performance and reiterated $170–$180 million 2026 revenue guidance. Today’s revision keeps those revenue ranges but refines accounting around warrant liabilities ahead of the final March 25, 2026 report.
Historical Comparison
Prior earnings-date news on preliminary 2025 results saw an average move of -1.12%, showing the market previously faded a fundamentally positive update.
This announcement refines earlier preliminary 2025 earnings-date figures ahead of the final report scheduled for March 25, 2026, maintaining revenue ranges while updating warrant-related gains.
Regulatory & Risk Context
The company has an effective S-3ASR shelf filed on 2025-09-09, allowing it to issue various securities via prospectus supplements. Recent 424(b)(7) filings on March 16–18, 2026 register resale shares from acquisitions and prior deals, with disclosures stating Ondas will receive no proceeds from those specific resales.
Market Pulse Summary
This announcement updates preliminary 2025 figures, confirming revenue above earlier guidance and introducing an expected $102 million gain from warrant liability revaluation alongside positive net income. Management reiterates $170–$180 million 2026 revenue guidance and notes cash of about $551 million plus a $1 billion capital raise. Investors may focus on final results, the trajectory of negative Adjusted EBITDA, and the implications of active resale registrations under the shelf.
Key Terms
adjusted ebitda financial
non-gaap financial
warrant liability financial
AI-generated analysis. Not financial advice.
Fourth Quarter and Full Year 2025 Preliminary Revenue of Between
Reiterates Prior Full Year 2026 Revenue Outlook of
WEST PALM BEACH, FL / ACCESS Newswire / March 20, 2026 / Ondas Inc. (Nasdaq:ONDS) ("Ondas" or the "Company"), a leading provider of autonomous aerial and ground robot intelligence through its Ondas Autonomous Systems (OAS) business unit and private wireless solutions through Ondas Networks, today announced its revised preliminary results for the fourth quarter and full year of 2025 and will announce its final results on March 25, 2026. Since issuing the preliminary results on March 9, 2026, management has completed additional financial close procedures and refined certain preliminary accounting estimates, specifically the net change in the fair value of our warrant liability which is expected to result in a net gain of approximately
Revised Preliminary Financial Results
For the fourth quarter 2025, we expect to report revenues between
For the full year 2025, we expect to report revenues between
Ondas also reiterates our full year 2026 revenue guidance of
As of December 31, 2025, the Company had cash and cash equivalents of approximately
The revised preliminary financial data included above has been prepared by, and is the responsibility of, the Company's management. These revised preliminary operating results are not a comprehensive statement of the Company's financial results as of and for the fourth quarter and year ended December 31, 2025 and should not be viewed as a substitute for full consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States.
Investor Conference Call Details
The Company will hold a conference call and simultaneous webcast on Wednesday, March 25, 2026, at 8:30 a.m. Eastern Time to discuss its financial results for the fourth quarter and full year ended December 31, 2025. The final results will be reported in a press release prior to the conference call.
Date: Wednesday, March 25, 2026
Time: 8:30 a.m. Eastern Time
Toll-free dial-in number: 844-883-3907
International dial-in number: 412-317-5798
Call participant pre-registration link: HERE
The Company encourages listeners to pre-register, which allows callers to gain immediate access and bypass the live operator. Please note that you can register at any time during the call. For those who choose not to pre-register, please call the conference telephone number 10-15 minutes prior to the start time, at which time an operator will register your name and organization.
The conference call will also be broadcast live and available for replay here and via the investor relations section of the Company's website at ir.ondas.com. A replay will be accessible from the investor relations website after completion of the event.
About Ondas Inc.
Ondas Inc. (Nasdaq:ONDS) is a leading provider of autonomous systems, robotics, and mission-critical connectivity solutions for defense, security, and industrial markets. Through its business units (Ondas Autonomous Systems, Ondas Capital and Ondas Networks), the Company develops and deploys integrated technologies that deliver advanced sensing, mobility, and communications capabilities for complex operational environments.
Ondas Autonomous Systems (OAS) delivers a portfolio of AI-enabled air and ground robotic platforms and counter-UAS technologies designed to support defense, homeland security, and critical infrastructure protection missions worldwide. OAS solutions include autonomous drone platforms, robotic ground systems, counter-drone technologies, advanced propulsion and unmanned aircraft capabilities, autonomous engineering and demining capabilities, and integrated sensing systems that enable persistent intelligence, surveillance, security, and operational response. These platforms are deployed globally across defense forces, government agencies, and commercial operators to protect sensitive sites, populations, and strategic infrastructure.
Ondas Capital focuses on strategic investments, partnerships, and advisory initiatives that support the growth of the global autonomous systems ecosystem. The platform is designed to accelerate the development, scaling, and deployment of next-generation robotics, sensing, and defense technologies across allied markets.
Ondas Networks provides mission-critical wireless connectivity through its FullMAX platform, a software-defined broadband solution based on the IEEE 802.16t standard. FullMAX enables highly reliable, secure, and scalable communications for industrial IoT applications across rail, utilities, oil and gas, transportation, and government networks.
Together, Ondas' technologies combine autonomous systems, advanced sensing, and resilient connectivity to deliver integrated operational capabilities that enhance security, efficiency, and decision-making in some of the world's most demanding environments.
For additional information on Ondas Inc.: www.ondas.com, X and LinkedIn
For Ondas Autonomous Systems: LinkedIn
For Airobotics: www.airoboticsdrones.com, X and LinkedIn
For American Robotics: www.american-robotics.com, X and LinkedIn
For Sentrycs: www.sentrycs.com, X and LinkedIn
For Roboteam: www.robo-team.com,X and LinkedIn
For Apeiro Motion: www.apeiro-motion.com and LinkedIn
For Rotron: www.rotronaero.com and Linkedin
For 4M Defense: www.4-mine.com and LinkedIn
For BIRD: www.birdaero.com and LinkedIn
For Ondas Capital: www.ondascapital.com, X and LinkedIn
For Ondas Networks: www.ondasnetworks.com, X and LinkedIn
Non-GAAP Measure
As required by the rules of the Securities and Exchange Commission ("SEC"), we provide a reconciliation of Adjusted EBITDA, a non-GAAP financial measure, to the most directly comparable measure under GAAP, net income (loss).
We believe that Adjusted EBITDA is a useful supplemental measure for evaluating our operating performance because it eliminates the impact of items that primarily reflect our capital structure, tax position, noncash charges, acquisition related activities, and other items that management does not consider indicative of our core operating performance. Adjusted EBITDA should be considered in addition to, and not as a substitute for, net income (loss) and other measures prepared in accordance with GAAP.
Adjusted EBITDA removes the effects of interest and financing-related items, depreciation and amortization, income taxes, stock-based compensation, acquisition related expenses, and other non-operating gains and losses. Management believes that excluding these items enhances comparability across periods and facilitates analysis of underlying operating trends. Other companies may calculate similarly titled non-GAAP measures differently, and therefore our Adjusted EBITDA may not be comparable to measures used by other companies.
Management uses Adjusted EBITDA, together with GAAP results, in making financial, operating, and planning decisions and evaluating the Company's ongoing performance.
Forward-Looking Statements
Statements made in this release that are not statements of historical or current facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law.
Contacts
IR Contact for Ondas Inc.
888-657-2377
ir@ondas.com
Media Contact for Ondas Inc.
Escalate PR
ondas@escalatepr.com
Preston Grimes
Marketing Manager, Ondas Inc.
preston.grimes@ondas.com
ONDAS INC.
RECONCILIATION OF NON-GAAP ADJUSTED EBITDA
(Unaudited)
Three Months Ended | Twelve Months Ended | |||||||||||||||
(dollars in millions) | 2025 | 2024 | 2025 | 2024 | ||||||||||||
Net Income (Loss) | $ | 82.9 - 83.4 | $ | (10.3 | ) | $ | 50.4 - 50.9 | $ | (38.0 | ) | ||||||
Depreciation | 0.4 | 0.2 | 0.9 | 0.6 | ||||||||||||
Amortization of intangible assets | 2.6 | 1.0 | 5.8 | 4.2 | ||||||||||||
Acquisition related expenses(1) | 3.6 | - | 4.3 | - | ||||||||||||
Stock-based compensation | 6.8 | 0.3 | 16.0 | 1.3 | ||||||||||||
Provision for income taxes | 0.7 | - | 1.0 | - | ||||||||||||
Other (income) expense, net(2) | (106.9 | ) | 1.8 | (109.9 | ) | 3.4 | ||||||||||
Adjusted EBITDA (non-GAAP) | $ | (9.9) - (9.4 | ) | $ | (7.0 | ) | $ | (31.5) - (31 | ) | $ | (28.5 | ) | ||||
(1) Acquisition-related expenses include legal, accounting, and other due diligence costs incurred in connection with completed or pending acquisitions.
(2) Other (income) expense, net includes interest and dividend income, unrealized gain and losses on investments, interest expense, foreign exchange gain and loss, change in the fair value of government grant liabilities, and other non-operating income and expense such as gains and losses recognized related to our warrant liabilities.
SOURCE: Ondas Holdings Inc.
View the original press release on ACCESS Newswire
FAQ
What preliminary Q4 2025 revenue did Ondas (ONDS) report on March 20, 2026?
How much revenue did Ondas (ONDS) preliminarily report for full‑year 2025?
Why did Ondas (ONDS) record a large net income in preliminary 2025 results?
What is Ondas's (ONDS) adjusted EBITDA and what does it imply for profitability?
What liquidity position did Ondas (ONDS) report at year‑end and afterward?
Did Ondas (ONDS) change its 2026 revenue guidance in the March 20, 2026 release?
