Key Highlights
- Fourth-quarter revenue surged 634% year-over-year to $30.1 million; fiscal 2025 revenue reached $50.7 million, exceeding projections
- Full-year 2026 revenue forecast increased to a minimum of $375 million from previous guidance of $170M–$180M
- First-quarter 2026 revenue expected between $38M and $40M, representing approximately 820% annual growth
- Company completed $150 million acquisition of World View, a stratospheric sensing firm, primarily through equity
- Announced strategic collaboration with Palantir (PLTR) to embed Foundry AI technology into drone operations
Shares of Ondas Holdings (ONDS) advanced 8.4% during Monday’s session, finishing at $10.90, following the autonomous systems manufacturer’s impressive fourth-quarter financial report and significantly upgraded revenue projections for 2026.
Fourth-quarter revenue totaled $30.1 million — representing a remarkable 634% increase compared to the prior-year period. Full fiscal year 2025 revenue climbed 604% to $50.7 million, slightly surpassing analyst consensus estimates of $48.6 million.
The company’s net loss for the fourth quarter expanded to $101 million from $10.3 million in the comparable 2024 period. On an adjusted basis, the full-year 2025 net loss per share reached 62 cents, exceeding the anticipated loss of 25 cents per share.
Despite the wider losses, market participants responded positively to the company’s robust forward-looking projections. Management elevated its fiscal 2026 revenue guidance to a minimum of $375 million — representing more than a 100% increase from the prior forecast range of $170 million to $180 million.
The stock closed Monday at $10.90, valuing the company at approximately $4.64 billion in market capitalization.
Strategic Alliance with Palantir and World View Acquisition
On March 11, Ondas and Palantir (PLTR) unveiled a strategic partnership aimed at incorporating Palantir’s Foundry artificial intelligence platform into Ondas’ autonomous drone infrastructure. Chief Executive Erik Brock stated the collaboration “places Ondas at the forefront of advanced, multi-domain operational capabilities.”
Palantir shares gained 6.74% in Monday trading.
Simultaneously, Ondas finalized its acquisition of World View, a company specializing in stratospheric observation technology, in a transaction valued at $150 million consisting predominantly of stock consideration. Management indicated the transaction bolsters the company’s aerial and terrestrial autonomous capabilities with enhanced high-altitude surveillance functions.
Following the transaction’s completion, the company reported pro forma cash reserves of $1.5 billion.
Growing Defense Sector Demand Drives Backlog Expansion
Earlier in March, Ondas disclosed receiving several purchase orders aggregating approximately $6 million for counter-unmanned aerial system solutions from defense and homeland security clients across the Middle East and additional international markets.
The company’s current order backlog stands at $68.3 million, with management attributing the majority of anticipated 2026 revenue expansion to its autonomous systems division.
For the first quarter of fiscal 2026, Ondas projects revenue ranging from $38 million to $40 million — indicating approximately 820% year-over-year growth.
The iShares U.S. Aerospace & Defense ETF edged up 0.3% to $223.29 on Monday. Competitor AeroVironment advanced 4.3% following announcements of new contractual agreements, while recently public Karman Holdings increased 3% to reach $102.40.
Ondas is scheduled to host its quarterly earnings conference call on Wednesday.
