Ondas Posts $29–30M Q4 Revenue Beat, Boosting ETF Exposure
Ondas Inc. preliminary Q4 2025 revenue topped January guidance at $29.1–30.1 million and full-year revenue forecasts at $49.7–50.7 million, with cash and equivalents exceeding $1.5 billion. State Street SPDR S&P Kensho New Economies ETF holds 0.81% exposure to Ondas, which recently secured $26 million in defense and border orders.
1. Preliminary Q4 Revenue Beat Guidance
Ondas posted preliminary Q4 2025 revenue of $29.1 million to $30.1 million, surpassing January guidance, with net loss between $(20.9) million and $(20.4) million and adjusted EBITDA loss of $(11.4) million to $(10.9) million.
2. Strong Cash Position and 2026 Guidance
As of December 31, 2025, Ondas held more than $1.5 billion in cash and equivalents and reiterated its full-year 2026 revenue target of $170 million to $180 million prior to any acquisitions.
3. Defense and Border Protection Order Wins
The company secured approximately $6 million in orders for Sentrycs counter-UAS systems in the Middle East and a $20 million purchase order for an autonomous border protection system, strengthening its defense portfolio.
4. Impact on SPDR S&P Kensho KOMP ETF
SPDR S&P Kensho New Economies Composite ETF carries a 0.81% weight in Ondas, suggesting significant ETF buying or selling tied to Ondas share movements and recent positive updates.