Top Page
Ondas Holdings
(NASDAQ:ONDS)
Ondas Holdings (ONDS) vs. SPDR S&P 500 ETF (SPY)
Ondas Holdings Business Overview & Revenue Model
Ondas Holdings Earnings Call Summary
Ondas Holdings Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.75M | 7.19M | 15.69M | 2.13M | 2.91M | 2.16M |
| Gross Profit | 8.31M | 345.18K | 6.38M | 1.11M | 1.10M | 927.67K |
| EBITDA | -29.47M | -28.72M | -34.64M | -64.63M | -15.55M | -11.14M |
| Net Income | -42.69M | -38.01M | -44.84M | -73.24M | -15.02M | -13.48M |
Balance Sheet | ||||||
| Total Assets | 550.15M | 109.62M | 92.16M | 97.95M | 117.44M | 28.51M |
| Cash, Cash Equivalents and Short-Term Investments | 451.63M | 29.96M | 14.98M | 29.78M | 40.82M | 26.06M |
| Total Debt | 17.97M | 60.31M | 35.29M | 33.39M | 1.81M | 8.03M |
| Total Liabilities | 39.78M | 73.68M | 47.11M | 39.72M | 5.21M | 13.43M |
| Stockholders Equity | 486.08M | 16.58M | 33.14M | 58.22M | 112.23M | 15.08M |
Cash Flow | ||||||
| Free Cash Flow | -34.70M | -35.20M | -34.30M | -40.89M | -17.92M | -7.57M |
| Operating Cash Flow | -34.13M | -33.47M | -34.02M | -37.96M | -16.90M | -7.53M |
| Investing Cash Flow | -18.82M | -1.73M | 536.27K | -6.93M | -10.21M | -16.14K |
| Financing Cash Flow | 483.46M | 50.18M | 18.73M | 33.86M | 41.86M | 31.46M |
Ondas Holdings Technical Analysis
Ondas Holdings Risk Analysis
Ondas Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $1.56B | 38.60 | 6.71% | ― | 1.46% | 78.77% | |
70 Outperform | $1.19B | 24.62 | 11.38% | ― | 1.93% | -43.22% | |
68 Neutral | $4.00B | 273.06 | 2.13% | ― | 15.60% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $1.91B | 50.40 | 4.68% | ― | -24.42% | ― | |
60 Neutral | $2.91B | ― | -17.04% | ― | 208.40% | 44.60% | |
58 Neutral | $2.34B | 275.59 | 17.08% | ― | 14.31% | ― |
Ondas Holdings Corporate Events
Ondas Holdings Inc. has scheduled a Special Meeting of Stockholders on November 20, 2025, to discuss and vote on a charter amendment proposal and an incentive plan amendment proposal. This meeting, crucial for the company’s governance and strategic planning, will be held in Boston, and only stockholders of record as of October 8, 2025, are eligible to vote, either in person or by proxy.
The most recent analyst rating on (ONDS) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
Ondas Holdings Inc. has postponed its Special Meeting of Stockholders originally scheduled for November 18, 2025, to November 25, 2025, to gather additional votes on matters outlined in the meeting notice and proxy statement. The meeting will still take place at One Marina Park Drive, Boston, and shareholders of record as of October 8, 2025, are eligible to vote. Previously submitted proxies will remain valid unless revoked, and no further action is required from shareholders who have already voted.
The most recent analyst rating on (ONDS) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On November 17, 2025, Ondas Holdings Inc. announced securing an $8.2 million purchase order from a major European security agency to deploy Iron Drone Raider™ counter-UAS systems at a large international airport in Europe. This order highlights the growing demand for Ondas’ autonomous defense solutions, following recent drone intrusion incidents in Europe that disrupted flights. The deployment will enhance airspace protection and reinforce infrastructure resilience, marking another milestone in a record year for Ondas with significant bookings and strategic acquisitions.
The most recent analyst rating on (ONDS) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On November 17, 2025, Ondas Holdings Inc. completed the acquisition of Sentry CS Ltd, an Israeli company, for $225 million. This strategic acquisition, involving a combination of cash and stock, is expected to enhance Ondas’ market position by expanding its technological capabilities and market reach.
The most recent analyst rating on (ONDS) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
Ondas Holdings Inc. is a prominent provider of autonomous systems and private wireless solutions, operating through its business units Ondas Autonomous Systems, Ondas Capital, and Ondas Networks, catering to defense, security, and critical infrastructure markets globally.
Ondas Holdings, Inc. recently held its earnings call, revealing a balanced sentiment that reflects both the company’s impressive growth and the challenges it faces. The call highlighted significant revenue growth and strategic acquisitions, supported by a strong capital position. However, the company also acknowledged the risks associated with increased operating expenses and integration challenges from rapid acquisitions.
On November 10, 2025, Ondas Holdings Inc. announced the appointment of Maj. Gen. (Ret.) Yoav Har-Even, former President & CEO of Rafael Advanced Defense Systems Ltd., to the Advisory Board of Ondas Autonomous Systems. Har-Even’s extensive experience in defense leadership and technology integration is expected to strengthen OAS’s strategic depth and support its global defense-technology strategy. This appointment is part of OAS’s efforts to expand its advisory network and guide its next phase of growth, focusing on product integration, strategic partnerships, and international expansion. In 2025, OAS achieved record international orders for its systems and launched a strategic acquisition program to broaden its solutions portfolio.
The most recent analyst rating on (ONDS) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On November 3, 2025, Ondas Holdings Inc. announced a definitive agreement to acquire Sentry CS Ltd., an Israeli leader in Cyber-over-RF and Protocol-Manipulation counter-UAS technology. This acquisition, expected to close in November 2025, will enhance Ondas’ capabilities in intelligent drone defense by integrating Sentry’s proprietary technology, which offers precise, regulation-compliant drone neutralization without disrupting surrounding communications. The strategic move aims to strengthen Ondas’ position in the global Counter-UAS market, projected to exceed $10.6 billion by 2030, and expand its reach to Tier-1 defense, public safety, and security agencies worldwide.
The most recent analyst rating on (ONDS) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On October 29, 2025, Ondas Holdings Inc. completed the acquisition of a controlling interest in 4M Defense Ltd., an Israeli company, by purchasing 70% of the share capital of Chirokka Holding Ltd. for $2.4 million in cash and 801,068 shares of Ondas’ common stock. This strategic acquisition, finalized through a Share Purchase Agreement dated October 24, 2025, is expected to enhance Ondas Holdings’ market position and operational capabilities. The agreement includes a lock-up period for a portion of the shares and a Registration Rights Agreement to facilitate the resale of shares, indicating a structured approach to integrating 4M Defense Ltd. into Ondas Holdings’ portfolio.
The most recent analyst rating on (ONDS) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On October 29, 2025, Ondas Holdings Inc. announced the acquisition of a controlling interest in Insight Intelligent Sensors, an Israeli company specializing in AI-driven electro-optical sensing systems. This strategic move is expected to enhance Ondas Holdings’ capabilities in advanced sensing technologies, potentially strengthening its market position and offering new opportunities for growth.
The most recent analyst rating on (ONDS) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On October 24, 2025, Ondas Holdings Inc. announced a Share Purchase Agreement to acquire 70% of the share capital of Chirokka Holding Ltd., which owns 4M Defense Ltd., a leader in smart demining technologies. This acquisition is expected to enhance Ondas’ market position by integrating 4M’s AI-driven terrestrial intelligence platform with Ondas’ existing aerial systems, expanding its addressable market to include the $30 billion subsurface intelligence and landmine clearance sector. The acquisition is anticipated to close in the fourth quarter of 2025, subject to customary closing conditions.
The most recent analyst rating on (ONDS) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On October 20, 2025, Ondas Holdings Inc. announced a $14 million strategic investment in Safe Pro Group Inc., a leader in AI-powered defense and security solutions. This investment aims to accelerate the development and integration of Safe Pro’s AI-powered threat detection systems for defense and humanitarian markets globally. The collaboration is expected to enhance soldier safety and humanitarian missions, with Safe Pro’s technology already proving effective in detecting explosive threats and creating high-resolution maps for battlefield intelligence.
The most recent analyst rating on (ONDS) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On October 6, 2025, Ondas Holdings Inc. entered into an underwriting agreement with Oppenheimer & Co. Inc. for an underwritten offering of shares and warrants, expected to close on October 7, 2025. The offering, priced above market, aims to raise $425 million, with potential additional proceeds of $1.5 billion if warrants are fully exercised. The net proceeds are intended for corporate development and strategic growth, including acquisitions and investments. The offering reflects Ondas’ strategic positioning to enhance its market presence and operational capabilities.
The most recent analyst rating on (ONDS) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On October 1, 2025, Ondas Holdings Inc. completed its acquisition of Smart Precision Optics S.P.O LTD., securing 51% of its share capital and capital notes for approximately US$5,946,805 and US$0.30, respectively. Additionally, Ondas Autonomous Systems Inc., a subsidiary of Ondas Holdings, amended the maturity date of its secured convertible promissory notes, initially issued in 2024, to January 1, 2026, indicating strategic financial adjustments to support its operations.
The most recent analyst rating on (ONDS) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
Ondas Holdings Inc., a company developing autonomous aerial and ground robotics platforms for defense and security markets, has made a strategic investment in Kopin Corporation. On September 29, 2025, Kopin announced a $41 million private placement with investors including Ondas Holdings, Theon International, and Unusual Machines. This investment aims to advance Kopin’s development of color MicroLED and Neuraldisplay™ AI technologies, as well as commercialization of microdisplays and optical solutions for drones. The investment reflects confidence in Kopin’s technology and growth potential, particularly in the defense sector, and aligns with Ondas’ strategic roadmap to co-develop integrated solutions.
The most recent analyst rating on (ONDS) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On September 23, 2025, Ondas Holdings Inc. announced that Brigadier General Patrick Huston, U.S. Army (ret.), has joined its Ondas Autonomous Systems Inc. Advisory Board. General Huston’s extensive military and technology experience will provide strategic insights into defense procurement, regulatory frameworks, and the integration of autonomous technologies, enhancing Ondas’ capabilities in delivering autonomous solutions to defense and security markets globally.
The most recent analyst rating on (ONDS) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On September 15, 2025, Ondas Holdings Inc. announced a strategic $8 million investment in LightPath Technologies, alongside Unusual Machines, to support LightPath’s optics and imaging systems in drone applications. This investment aims to advance LightPath’s commercialization initiatives and enhance the use of their infrared cameras in drones, which is crucial for expanding capabilities in commercial, defense, and government sectors. The partnership highlights a shift towards American manufacturing due to export restrictions on Germanium, with LightPath’s BlackDiamond™ Glass offering a cost-effective alternative.
The most recent analyst rating on (ONDS) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On September 9, 2025, Ondas Holdings Inc. entered into an underwriting agreement with Oppenheimer & Co. Inc. for a direct offering of 40,000,000 shares of its common stock, priced at $5.00 per share. The offering closed on September 10, 2025, generating approximately $217 million in net proceeds, which the company plans to use for corporate development and strategic growth, including acquisitions and investments.
The most recent analyst rating on (ONDS) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On August 31, 2025, Ondas Holdings Inc. completed the acquisition of Apeiro Motion Ltd., an Israeli company, for approximately $12 million in cash. This acquisition marks a significant expansion for Ondas Holdings, potentially enhancing its market position and operational capabilities.
The most recent analyst rating on (ONDS) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On September 2, 2025, Ondas Holdings announced the launch of Ondas Capital, a new business unit aimed at accelerating the global deployment of unmanned and autonomous systems to Allied defense and security markets. James Acuna, a recent addition to the Ondas Autonomous Systems Advisory Board, will lead the investment program, which plans to deploy $150 million over the next two years, focusing initially on Eastern Europe and particularly Ukraine. The initiative is designed to rapidly scale mature defense technologies and create significant value for stakeholders by enhancing market development and localization efforts.
The most recent analyst rating on (ONDS) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
Ondas Holdings, Inc. recently held its earnings call, revealing a positive sentiment driven by strong revenue growth and strategic advancements. The company showcased significant achievements in expanding into defense and homeland security markets. However, challenges such as operating expenses, margin volatility, and limited U.S. market penetration were also acknowledged.
On August 27, 2025, Ondas Holdings Inc. announced the appointment of Mark Green as Head of Global Corporate Development and Mergers & Acquisitions. With over 30 years of experience in investment banking, Green is expected to drive strategic growth and M&A execution, supporting Ondas’ mission to deliver AI-enabled autonomous defense and security capabilities globally. His extensive network and expertise are anticipated to be significant assets in advancing the company’s strategic objectives and creating value for stakeholders.
The most recent analyst rating on (ONDS) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On August 26, 2025, Ondas Holdings Inc. announced a definitive agreement to acquire a controlling 51% interest in S.P.O. Smart Precision Optics LTD., an Israeli manufacturer of advanced precision optical components and systems. This strategic acquisition aims to expand Ondas’ capabilities in advanced electro-optics, supporting critical optical performance for missile defense and counter-drone systems globally. The acquisition aligns with Ondas’ strategic growth program to scale its global operating platform and deliver capital-efficient accelerated growth. SPO is recognized as a critical supplier to Israeli defense corporations and is part of a select group of companies capable of delivering military-grade precision optics.
The most recent analyst rating on (ONDS) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
Ondas Holdings Inc. has entered into Memoranda of Understanding with Safe Pro Group Inc. and Unusual Machines to collaborate on AI-powered computer vision technologies for drones. This collaboration aims to integrate Safe Pro’s patented AI technology into Ondas’ and Unusual Machines’ offerings, enhancing threat detection capabilities for defense, commercial, and humanitarian markets, particularly focusing on applications in the U.S. Department of Defense and NATO partners.
The most recent analyst rating on (ONDS) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On August 18, 2025, Ondas Holdings Inc. announced a Share Purchase Agreement to acquire 100% of Apeiro Motion Ltd., an Israeli company. The acquisition involves a cash payment of $12 million, with the option to pay part of the consideration in Ondas’ common stock. The completion of this acquisition is contingent upon regulatory approvals and other conditions, with an expected closing in the third quarter of 2025.
The most recent analyst rating on (ONDS) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On August 22, 2025, Ondas Holdings announced that James Acuna, a former senior CIA officer and founder of the Baltic Ghost Wing Center of Excellence, has joined the Advisory Board of Ondas Autonomous Systems. This strategic appointment aims to leverage Acuna’s extensive experience in intelligence, defense, and technology to enhance Ondas’ investment and commercialization pathways for unmanned systems. Ondas and Acuna plan to present their framework for investments in unmanned and autonomous technologies at the DSEI 2025 exhibition in London, highlighting the company’s focus on connecting capital, innovation, and markets to address urgent defense and security needs.
The most recent analyst rating on (ONDS) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On August 20, 2025, Ondas Holdings Inc. announced a strategic investment in Safe Pro Group Inc., a leader in AI-powered defense and security solutions. This investment, part of an $8 million private placement, aims to accelerate the commercialization of Safe Pro’s AI technologies, including the SPOTD and NODE systems, which are recognized by the U.S. Army. The partnership is expected to enhance Ondas’ offerings in the drone industry and support Safe Pro’s mission to advance AI applications in defense and humanitarian sectors.
The most recent analyst rating on (ONDS) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.