Ondas Holdings 2025 Q3 Earnings Narrows Losses by 21.5% as Revenue Jumps 582%

Ondas Holdings (ONDS) reported Q3 2025 results that exceeded expectations, with revenue surging 582% year-over-year to $10.10 million. The company raised its full-year revenue guidance to at least $36 million and outlined a preliminary 2026 target of $110 million. Despite ongoing net losses, the EPS improved significantly, narrowing the loss to $0.03 per share from $0.15 in the prior year.

Revenue

The company’s total revenue soared to $10.10 million in Q3 2025, driven by robust performance across its business segments. Product revenue accounted for $5.44 million, while service and subscription revenue contributed $4.59 million. Development revenue added $62,566, rounding out the total. This marked a dramatic acceleration from $1.48 million in the same period last year.

Earnings/Net Income

Ondas narrowed its net loss to $7.48 million, a 21.5% reduction from $9.53 million in Q3 2024. The EPS loss improved to $0.03 from $0.15, surpassing expectations. However, the company has sustained losses for eight consecutive years in this quarter, underscoring persistent financial challenges despite short-term progress.

Post-Earnings Price Action Review

The stock price of Ondas Holdings surged 16.46% on the latest trading day, building on a 23.58% rally during the prior week. However, it has declined 24.50% month-to-date, reflecting mixed investor sentiment. The Oppenheimer upgrade to “Outperform” with a $12 price target likely contributed to the post-earnings rally, though ongoing volatility highlights the market’s cautious stance toward the company’s long-term profitability.

CEO Commentary

The CEO acknowledged the narrowed losses but emphasized the need for strategic investments in R&D and operational efficiency to drive long-term growth. Despite short-term financial pressures, the leadership expressed cautious optimism about aligning with industry demands and fostering sustainable innovation.

Guidance

Ondas raised its 2025 revenue forecast to a minimum of $36 million, up from $25 million, and set a preliminary 2026 target of $110 million. The company did not provide explicit forward-looking guidance during the earnings call, focusing instead on execution of its current backlog and expansion strategy.

Additional News

Ondas has aggressively expanded its capabilities through strategic acquisitions, including Apeiro Motion (ground robotics) and Sentrycs (counter-drone technology). These deals have broadened its addressable market in defense and critical infrastructure. Leadership changes, such as the appointment of Maj. Gen. (Ret.) Yoav Har-Even to the advisory board, signal a focus on defense expertise. Additionally, the company’s $840.4 million cash balance supports further M&A activity and operational scaling.

The company’s recent performance and strategic moves position it to capitalize on growing demand for autonomous systems and private wireless networks. However, execution risks and high operating losses remain key challenges.