Ondas Inc. Revises Q4 & FY25 Preliminary Results Upward with $102M Warrant Gain; Reiterates Strong 2026 Guidance
ONDS has more than doubled off its 52-week low of $0.659.
Summary
Ondas Inc. amended its preliminary Q4 and full year 2025 financial results, reporting a significant increase in net income due to a $102 million gain from warrant liability adjustment, while reiterating strong 2026 revenue guidance and highlighting a robust cash position.
Key Events · Earnings and Guidance · ONDS
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Revised Preliminary Financial Results
Ondas Inc. updated its preliminary Q4 2025 net income to between $82.9 million and $83.4 million, and full year 2025 net income to between $50.4 million and $50.9 million. This is a significant positive revision from previously expected figures.
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Significant Warrant Liability Gain
The upward revision in net income is primarily driven by an expected net gain of approximately $102 million for Q4 and full year 2025, resulting from the net change in the fair value of the company's warrant liability.
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Reiterated 2026 Revenue Guidance
The company reiterated its full year 2026 revenue guidance of $170-$180 million, which excludes the impact of any new acquisitions announced in 2026, providing a clear outlook for core operations.
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Strong Cash Position
Ondas reported cash and cash equivalents of approximately $551 million as of December 31, 2025, further bolstered by a subsequent capital raise of approximately $1 billion on January 12, 2026.
Analysis · ONDS · Manufacturing
Ondas Inc. filed an amendment to its March 9, 2026 8-K, significantly revising its preliminary financial results for Q4 and full year 2025. The primary driver for this positive revision is a net gain of approximately $102 million from the change in fair value of the company's warrant liability. This non-cash accounting adjustment dramatically shifts the preliminary net income from a likely loss to a substantial profit for both periods. The company also reiterated its strong full year 2026 revenue guidance of $170-$180 million, which notably excludes any new acquisitions announced in 2026, providing a clear operational outlook amidst recent M&A activity. Furthermore, the disclosure of $551 million in cash and cash equivalents as of year-end 2025, supplemented by a $1 billion capital raise in January 2026, indicates a robust financial position to support its strategic initiatives and recent acquisitions.
How filings like this one have moved
In the 30 days to Sep 18, 2026, 35.4% of the 1168 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, ONDS was trading at $10.65 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $5B. The 52-week trading range was $0.66 to $15.28. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.