Ondas Holdings Inc. Reports Q4 Revenue Beat and EPS Miss - NASDAQ: ONDS

Ondas Holdings Inc. (NASDAQ: ONDS) Reports Strong Q4 Revenue Beat but Misses on EPS

Ondas Holdings Inc. (NASDAQ: ONDS) is a provider of autonomous aerial and ground robotics intelligence (through its Ondas Autonomous Systems segment) and private wireless networking solutions (Ondas Networks).

On March 23, 2026, the company reported its fourth-quarter and full-year 2025 financial results (preliminary results had been pre-announced earlier).

• Revenue: $30.11 million, beating Zacks Consensus Estimate of approximately $27.5–$27.8 million by about 7.5–8%. This represents explosive 629% year-over-year growth from $4.13 million in Q4 2024.
• EPS (adjusted/non-GAAP): Loss of $0.39 per share, missing the Zacks Consensus Estimate of a $0.06 loss. This compares to a loss of $0.14 per share in the year-ago quarter.

The revenue strength was driven primarily by the Ondas Autonomous Systems segment ($29.6 million in Q4), which benefited from shipments related to Iron Drone, Optimus systems, and contributions from recent acquisitions. Ondas Networks contributed a modest $0.5 million.

Full-Year 2025 Highlights

• Revenue: $50.7 million (up ~605% year-over-year).
• The company also recorded a large non-cash net gain of approximately $102 million related to the change in fair value of warrant liabilities, which significantly improved GAAP net income for the quarter and year.

2026 Outlook Ondas significantly raised its fiscal 2026 revenue target to at least $375 million (more than double the prior $170–$180 million guidance that excluded new acquisitions). The company also provided a Q1 2026 revenue target of $38–$40 million. Management cited a strong backlog of $68.3 million and momentum from both organic growth and strategic acquisitions.