TLDR
- Ondas sees 51% higher Q4 2025 revenue and raised 2026 targets.
- Ondas forecasts $170M–$180M in 2026 revenue after strong backlog.
- Ondas’ pro‑forma cash tops $1.5B with significant backlog growth.
- Ondas estimates full‑year 2025 revenue above prior targets.
- Ondas boosts backlog by 180% since November.
Ondas Inc. (ONDS) reported preliminary 2025 revenue results and raised its revenue outlook for 2026 during its OAS Investor Day on January 16, 2026. ONDS is trading at $13.11, up 2.30% on the day, showing a rebound from intraday lows with upward momentum into the afternoon session.
Preliminary 2025 Results Beat Prior Targets
Ondas now expects fourth‑quarter 2025 revenue between $27.0 million and $29.0 million, about 51% above its prior Q4 forecast. Full‑year 2025 revenue is expected to reach $47.6 million to $49.6 million, about 23% higher than its earlier target. Those figures include a contribution from Roboteam, which the company closed in December 2025.
The company’s preliminary backlog as of December 31, 2025 stands at roughly $65.3 million, a 180% increase from its November 2025 level. Ondas said that the backlog growth reflects continued demand across its autonomous aerial and ground robotics platforms. The company’s pro‑forma cash balance exceeds $1.5 billion, adjusted for a recent capital raise of about $1.0 billion.
Ondas reiterated that these results are unaudited and that final audited financials will be reported in March 2026. Management said these preliminary figures reflect operational momentum and customer engagement but cautioned that independent audit review remains forthcoming.
Backlog Growth and Financial Position
Ondas’ estimated backlog shows a significant jump since mid‑November, reflecting new orders and contracted deliveries. The $65.3 million backlog positions the company to support anticipated revenue streams in 2026 and beyond. The growth in backlog is especially notable given the company’s focus on expanding autonomous systems deployments.
The company’s strong cash position—more than $1.5 billion on a pro‑forma basis as of year‑end 2025—provides considerable runway for continued product development and scaling operations. This liquidity follows a registered direct offering that raised about $1.0 billion in net proceeds. Such a financial base supports Ondas’ efforts in autonomous systems and private wireless networking markets.
Ondas’ backlog expansion and cash strength underline depth in its business pipeline and underscore its ability to meet anticipated demand for autonomous aerial and ground systems. The company highlighted that strong backlog visibility helps improve year‑over‑year comparisons and underpins its elevated revenue ambitions for 2026.
Raised 2026 Revenue Target and Outlook
Ondas raised its 2026 revenue target to a range of $170 million to $180 million, up 25% from its previous $140 million target. The prior target had assumed an approximately $30 million contribution from Roboteam, which the company now fully incorporates into its business.
Ondas highlights expectations for broad growth across its Autonomous Systems and Networks segments. The company’s higher revenue outlook aligns with its increasing backlog and strengthening balance sheet. The raised range reflects confidence in continued adoption of its autonomous and private wireless solutions.
Ondas’ Investor Day webcast was available live and is expected to be archived on the company’s investor relations site for later viewing. Management said it plans to provide full audited results for 2025 in March 2026.
Ondas Inc. delivers autonomous aerial and ground robotic systems through its Ondas Autonomous Systems unit, and private wireless broadband via Ondas Networks. Its portfolio includes unmanned platforms, counter‑UAS systems and software‑defined connectivity solutions for critical infrastructure and defense markets.
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