Ondas Preliminary Q4 Revenue Tops Guidance, Secures $26M in New Orders
Ondas posted preliminary Q4 revenue of $29.1M–$30.1M and an adjusted EBITDA loss of $10.9M–$11.4M, exceeding its January guidance, while 2025 revenue reached $49.7M–$50.7M with pro-forma cash above $1.5B. It reiterated 2026 revenue guidance of $170M–$180M and booked $26M in Sentrycs counter-UAS and border protection orders in the Middle East.
1. Preliminary Q4 Performance
Ondas reported preliminary Q4 revenue of $29.1M–$30.1M, a net loss of $20.4M–$20.9M and an adjusted EBITDA loss of $10.9M–$11.4M, surpassing its January guidance and signaling operational improvement compared to prior forecasts.
2. Full-Year 2025 Results and Cash Position
For 2025, revenue is estimated at $49.7M–$50.7M with a net loss of $52.8M–$53.3M and an adjusted EBITDA deficit of $32.4M–$32.9M. Pro-forma cash and equivalents stood at over $1.5B as of Dec. 31, 2025.
3. 2026 Guidance and Order Wins
The company reaffirmed its 2026 revenue target of $170M–$180M and secured approximately $6M in Sentrycs counter-UAS system orders along with a $20M contract for an autonomous border protection system in the Middle East, underscoring strong defense demand.