Q3 25 EPS
$-0.03
BEAT +18.26%
Est. $-0.04
Q3 25 Revenue
$10.1M
BEAT +43.47%
Est. $7.0M
vs S&P Since Q3 25
-2.9%
TRAILING MARKET
ONDS +9.5% vs S&P +12.4%
Market Reaction
Did ONDS Beat Earnings? Q3 2025 Results
Ondas Holdings posted a blowout third quarter, with revenue surging 582% year-over-year to $10.10 million, well ahead of the $7.04 million consensus estimate, while its loss per share of $0.03 beat the $0.04 estimate by 18.26%. The standout driver wa… Read more Ondas Holdings posted a blowout third quarter, with revenue surging 582% year-over-year to $10.10 million, well ahead of the $7.04 million consensus estimate, while its loss per share of $0.03 beat the $0.04 estimate by 18.26%. The standout driver was the Ondas Autonomous Systems business unit, which alone contributed roughly $10.00 million through deliveries of Iron Drone Raider and Optimus System platforms to military and public safety customers, pushing gross margin to 26% from just 3% a year ago. The momentum extends beyond the quarter: a recently announced $8.2 million order from a major European security agency to protect one of Europe's largest airports signals growing international demand for the company's counter-drone technology. With five acquisitions closed or announced since August collectively expected to contribute approximately $50.00 million in 2025 revenue, Ondas raised its full-year revenue target to at least $36.00 million and established a preliminary 2026 target of at least $110.00 million, backed by roughly $840.40 million in pro forma cash following a transformative series of equity raises.
Key Takeaways
- • Strong demand for Iron Drone Raider and Optimus System platforms from military and public safety customers
- • Revenue contribution from recently acquired Apeiro Motion
- • 582% YoY revenue growth driven by ongoing deliveries under existing contracts
- • Gross margin improvement to 26% from 3% YoY as higher volumes absorbed fixed costs
- • OAS backlog grew to $22.2 million at Q3 from $20.7 million at Q2
ONDS YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
ONDS Revenue by Segment
With YoY comparisons, source: SEC Filings
“Ondas delivered a record quarter with $10.1 million in revenue, highlighted by sustained growth momentum at OAS amid a powerful demand cycle for our unmanned platforms. I continue to be pleased with the execution of our core growth plan, led by our Iron Drone Raider and Optimus System platforms, and supported by the expansion of our senior leadership team at OAS which is helping to ensure we have the scalable infrastructure to sustain rapid growth in the years ahead.”
— Eric Brock, Q3 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 | — |