Ondas Projects $102M Gain, Beats 2025 Revenue Guidance

Edgen Stock·Mar 20 2026, 13:07

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Key Takeaways

Ondas Inc. announced revised preliminary 2025 financials on March 20, 2026, showing revenue ahead of previous forecasts and a significant non-cash gain from an accounting adjustment. The company's strong growth outlook for 2026 remains unchanged, reinforcing investor confidence ahead of its final results release on March 25.

Full-year 2025 revenue is now expected to be between $49.7 million and $50.7 million, exceeding prior guidance.
A non-cash net gain of approximately $102 million is anticipated for full-year 2025, driven by a fair value adjustment of its warrant liability.
The company reaffirmed its 2026 revenue guidance of $170 million to $180 million, signaling strong operational expectations for the coming year.

Ondas Lifts 2025 Revenue Forecast to $50.7 Million

On March 20, 2026, Ondas Inc. (Nasdaq:ONDS) upgraded its preliminary financial results, signaling stronger performance than initially reported on March 9. The provider of autonomous systems and private wireless solutions now projects full-year 2025 revenue to fall between $49.7 million and $50.7 million. This upward revision also boosted the fourth-quarter 2025 forecast to a range of $29.1 million to $30.1 million, with both results surpassing guidance provided in January 2026.

Warrant Accounting Delivers $102 Million Non-Cash Gain

The most substantial revision in the preliminary results is a projected net gain of approximately $102 million for both the fourth quarter and full-year 2025. Management stated this non-cash gain stems from refined accounting estimates for the net change in the fair value of the company's warrant liability. While this adjustment significantly inflates reported net income, it does not represent cash generated from core business operations.

Outlook for 2026 Remains Strong at $170 Million

Despite the revisions to 2025 results, Ondas management held firm on its outlook for the 2026 fiscal year, reiterating its revenue target of $170 million to $180 million. This guidance excludes the potential impact of any new acquisitions that could be announced in 2026. The company confirmed it will announce its final, audited results before the market opens on March 25, 2026, at 8:30 a.m. UTC-5, providing a definitive look at its financial standing.