Ondas Technologies has recently announced an increase in its revenue target for 2026, setting it at $170–$180 million. This revision marks a significant 25% hike from the previous goal of $140 million.
2025 Financial Performance Overview
On January 16, 2026, at the OAS Investor Day, Ondas revealed preliminary financial results for 2025. The projected revenue for the fourth quarter of 2025 ranges between $27.0 million and $29.0 million, reflecting an impressive 51% increase compared to earlier estimates. For the entire year, the expected revenue stands between $47.6 million and $49.6 million, showing a 23% rise from previous full-year expectations.
Backlog and Cash Position
The company reported a preliminary backlog of $65.3 million as of December 31, 2025. This figure signifies a remarkable 180% increase from the $23.3 million backlog reported on November 13, 2025. Furthermore, Ondas’ pro-forma cash balance exceeded $1.5 billion as of the same date, after adjusting for a recent offering valued at approximately $1.0 billion.
Key Highlights
- Q4 2025 Revenue: Estimated between $27.0 million and $29.0 million.
- Full-Year 2025 Revenue: Expected to be $47.6 million to $49.6 million.
- Estimated Backlog: $65.3 million as of December 31, 2025.
- 2026 Revenue Target: Increased to $170–$180 million.
- Pro-Forma Cash Balance: Over $1.5 billion.
Market Response and Strategic Highlights
This enhanced financial outlook has positively impacted investor sentiment, with Ondas’ stock witnessing a rise of 7.33%. The current stock price is around $13.76, contributing an estimated $380 million to the company’s overall market capitalization, which currently stands at $5.57 billion.
As Ondas moves forward, it emphasizes that these figures are preliminary and unaudited. The final financial results are anticipated to be released in March 2026, providing further clarity on the company’s financial health.
This update aligns with Ondas’ aggressive growth strategy and commitment to expanding its offerings in autonomous systems and private wireless solutions. Stakeholders can look forward to continued developments as the company progresses through 2026.
