Q4 25 EPS
$-0.62
MISS 1,966.67%
Est. $-0.03
Q4 25 Revenue
$30.1M
BEAT +8.39%
Est. $27.8M
vs S&P Since Q4 25
-44.0%
TRAILING MARKET
ONDS -28.4% vs S&P +15.6%
Full Year 2025 Results
FY 25 EPS
$-0.62
MISS 226.32%
Est. $-0.19
FY 25 Revenue
$50.7M
BEAT +4.88%
Est. $48.4M
Market Reaction
Did ONDS Beat Earnings? Q4 2025 Results
Ondas Inc. Delivered a sharply split Q4 2025 report, posting record revenue of $30.10 million, up 629% year-over-year and ahead of the $27.75 million consensus by 8.47%, while its loss per share of $-0.62 missed the $-0.03 estimate by a staggering 20… Read more Ondas Inc. Delivered a sharply split Q4 2025 report, posting record revenue of $30.10 million, up 629% year-over-year and ahead of the $27.75 million consensus by 8.47%, while its loss per share of $-0.62 missed the $-0.03 estimate by a staggering 2052.78%, largely due to an $82.22 million non-cash warrant liability revaluation tied to its October equity raise. The quarter's top-line strength was almost entirely driven by the Ondas Autonomous Systems segment, which generated $29.60 million in revenue, up 722% year-over-year, as gross margins expanded to 42% from just 21% a year earlier on favorable product mix and better fixed-cost absorption. The company's aggressive acquisition spree, spanning counter-UAS, ground robotics, and ISR capabilities, has drawn attention from defense-focused investors tracking geopolitical catalysts. Looking ahead, Ondas raised its 2026 revenue target to at least $375 million, roughly 7x its 2025 result, with a backlog of $68.30 million and a pro forma cash position of approximately $1.55 billion supporting the buildout.
Key Takeaways
- • Shipment of Iron Drone and Optimus products and services
- • Revenue contributions from companies acquired in H2 2025
- • Favorable product mix driving gross margin improvement to 42%
- • Growing adoption of core OAS platforms across defense and security markets
- • Backlog grew to $68.3 million from $20.3 million in prior quarter
ONDS YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
ONDS Revenue by Segment
With YoY comparisons, source: SEC Filings
“2025 was a defining year for Ondas as we transitioned from a portfolio of advanced technologies into a scaled operating platform that has delivered substantial shareholder value over the past year and is positioned to continue to do so. We delivered record financial results, highlighted by significant revenue growth across Ondas Autonomous Systems, and we enter 2026 with strong momentum, expanding backlog, and increasing global demand for our integrated autonomous systems solutions.”
— Eric Brock, Q4 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 | — |