Q2 25 EPS
$-0.08
MISS 33.33%
Est. $-0.06
Q2 25 Revenue
$6.3M
BEAT +8.99%
Est. $5.8M
vs S&P Since Q2 25
+58.1%
BEATING MARKET
ONDS +75.2% vs S&P +17.1%
Market Reaction
Did ONDS Beat Earnings? Q2 2025 Results
Ondas Holdings posted a sharply mixed second quarter, delivering a revenue beat that underscored the explosive growth of its drone business while falling short on the bottom line. The company reported Q2 2025 revenue of $6.27 million, clearing the $5… Read more Ondas Holdings posted a sharply mixed second quarter, delivering a revenue beat that underscored the explosive growth of its drone business while falling short on the bottom line. The company reported Q2 2025 revenue of $6.27 million, clearing the $5.76 million consensus estimate by 8.99% and representing a remarkable 554.9% increase year-over-year, as accelerating deliveries of Iron Drone and Optimus autonomous systems drove its Ondas Autonomous Systems unit to contribute roughly $6.10 million of the total. Gross profit swung to $3.33 million from a loss in the prior-year period, reflecting the higher-margin profile of drone hardware shipments, yet rising operating expenses pushed the net loss to $0.08 per share, missing the $0.06 consensus estimate by 33.33%. The balance sheet strengthened considerably, with cash surging to $68.55 million following a $42.70 million equity offering. Management reiterated its full-year 2025 revenue target of at least $25 million, supported by $22 million in backlog and a second-half bookings goal of $23 million or more.
Key Takeaways
- • Ongoing deliveries of Iron Drone and Optimus systems under previously announced military and public safety contracts
- • Higher-margin Iron Drone product shipments improving gross margins to 53%
- • OAS secured $39 million in orders over the last 12 months
- • Record $14.3 million single Optimus order from major defense customer
- • Follow-on orders of $3.8 million from Government of Dubai for Optimus drone network expansion
- • Global demand for autonomous drone systems across defense and homeland security markets
ONDS YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
ONDS Revenue by Segment
With YoY comparisons, source: SEC Filings
“Ondas delivered a record quarter with $6.3 million in revenue, reflecting accelerating execution and global market adoption at Ondas Autonomous Systems (OAS). OAS is executing with discipline and scale as we continue to see robust international demand for our autonomous drone technologies across defense and homeland security markets.”
— Eric Brock, Q2 2025 Earnings Press Release
ONDS Earnings Trends
ONDS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ONDS EPS Trend
Earnings per share: estimate vs actual
ONDS Revenue Trend
Quarterly revenue: estimate vs actual
ONDS Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | $50.1M | — |
| Q4 25 MISS FY | $-0.03 | $-0.62 | -1,966.67% | $30.1M | +8.39% |
| FY Full Year | $-0.19 | $-0.62 | -226.32% | $50.7M | +4.88% |
| Q3 25 BEAT | $-0.04 | $-0.03 | +18.26% | $10.1M | +43.47% |
| Q2 25 MISS | $-0.06 | $-0.08 | -33.33% | $6.3M | +8.99% |
| Q1 25 MISS | $-0.09 | $-0.15 | -66.67% | $4.2M | -13.96% |
| Q4 24 MISS FY | $-0.09 | $-0.61 | -577.78% | — | — |
| FY Full Year | — | $-0.61 | — | $7.2M | — |