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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 | 16.13M | 7.19M | 15.69M | 2.13M | 2.91M | 2.16M |
| Gross Profit | 5.75M | 345.18K | 6.38M | 1.11M | 1.10M | 927.67K |
| EBITDA | -28.73M | -28.72M | -34.64M | -64.63M | -15.55M | -11.14M |
| Net Income | -45.96M | -38.01M | -44.84M | -73.24M | -15.02M | -13.48M |
Balance Sheet | ||||||
| Total Assets | 151.95M | 109.62M | 92.16M | 97.95M | 117.44M | 28.51M |
| Cash, Cash Equivalents and Short-Term Investments | 67.57M | 29.96M | 14.98M | 29.78M | 40.82M | 26.06M |
| Total Debt | 23.21M | 60.31M | 35.29M | 33.39M | 1.09M | 8.03M |
| Total Liabilities | 37.21M | 93.04M | 44.88M | 39.72M | 5.21M | 13.43M |
| Stockholders Equity | 90.82M | 16.58M | 33.14M | 58.22M | 112.23M | 15.08M |
Cash Flow | ||||||
| Free Cash Flow | -31.77M | -35.20M | -34.30M | -40.89M | -17.92M | -7.57M |
| Operating Cash Flow | -32.26M | -33.47M | -34.02M | -37.96M | -16.90M | -7.53M |
| Investing Cash Flow | 277.38K | -1.73M | 536.27K | -6.93M | -10.21M | -16.14K |
| Financing Cash Flow | 95.56M | 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.18B | 17.73 | 16.36% | ― | 24.14% | 16.17% | |
76 Outperform | $1.44B | 33.84 | 7.21% | ― | -2.37% | 147.46% | |
70 Outperform | $2.03B | 83.34 | 3.60% | ― | -28.85% | ― | |
65 Neutral | $2.97B | 86.13 | 4.76% | ― | 8.39% | ― | |
63 Neutral | $2.73B | ― | -16.44% | ― | 2.05% | 91.37% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
45 Neutral | $2.71B | ― | -81.20% | ― | 75.16% | 28.13% |
Ondas Holdings Corporate Events
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.
On August 18, 2025, Ondas Holdings Inc. announced a definitive agreement to acquire Apeiro Motion, an Israeli company specializing in advanced ground robotics and mission-critical automation technologies. This acquisition is set to enhance Ondas’ capabilities in multi-domain autonomy, expand its market reach, and accelerate its access to global defense markets, including the U.S. Department of Defense and NATO. The transaction, valued at $12 million, is expected to close in the third quarter of 2025 and will operate under Ondas Autonomous Systems. Apeiro’s expertise in autonomy software and fiber optic communications will complement Ondas’ existing offerings, supporting the delivery of scalable, high-performance solutions and advancing its dual-use strategy.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On August 15, 2025, Ondas Holdings Inc. announced the closing of its underwritten public offering of 53,084,000 shares of common stock, raising approximately $163 million in net proceeds. The funds are intended for working capital, general corporate purposes, and potential strategic transactions, including acquisitions and investments, which could impact the company’s operations and market positioning.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On August 15, 2025, Ondas Holdings Inc. announced the appointment of Dr. Irit Idan to the Ondas Autonomous Systems Advisory Board. Dr. Idan, a former executive at Rafael Advanced Systems and advisor for SoftBank Vision Fund, brings extensive expertise in AI, robotics, autonomous systems, and defense innovation. Her appointment is part of OAS’s broader growth strategy to enhance its product roadmap, strengthen customer relationships, and accelerate global adoption of its platforms. This move aims to advance OAS’s leadership in autonomous defense, homeland security, and critical infrastructure protection, aligning with the company’s mission to deliver AI-powered solutions worldwide.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On August 13, 2025, Ondas Holdings Inc. entered into an underwriting agreement with Oppenheimer & Co. Inc. for a public offering of 46,160,000 shares of its common stock, with an option for underwriters to purchase an additional 6,924,000 shares. The offering closed on August 14, 2025, generating approximately $141.3 million in net proceeds, which the company plans to use for working capital, general corporate purposes, and potential strategic transactions. This move is expected to bolster Ondas’s financial position and support its strategic growth initiatives, potentially impacting its market presence and stakeholder interests.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
Ondas Holdings Inc., a prominent player in the autonomous drone and private wireless solutions sector, operates through its business units Ondas Autonomous Systems (OAS) and Ondas Networks, providing advanced aerial intelligence and connectivity solutions across various industries.
In August 2025, Ondas Holdings announced significant developments that enhance its strategic positioning in the defense and commercial drone markets. The company has fortified its leadership team with strategic hires and expanded its operational capabilities through partnerships and acquisitions, including Airobotics, American Robotics, and Iron Drone. Ondas has secured new military contracts in the Middle East, reflecting growing demand for its autonomous systems. The company is also benefiting from favorable U.S. policies promoting domestic drone industries, which are expected to accelerate the adoption of its technologies. Ondas reported a six-fold revenue increase in Q2 2025 compared to the previous year, driven by its multi-year growth plan and strategic M&A activities.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On August 8, 2025, Ondas Holdings Inc. announced a strategic investment in Rift Dynamics AS, a Norwegian defense technology company specializing in affordable, mass-producible combat drone systems. This partnership allows Ondas to exclusively distribute Rift’s Wåsp platform in the U.S. defense market, enhancing its portfolio with a scalable, low-cost drone system designed for NATO interoperability. The investment positions Ondas to meet the growing demand for attritable drone systems in the U.S., with an initial order of 500 Wåsp units and plans for further integration into defense programs.
The most recent analyst rating on (ONDS) stock is a Buy with a $4.25 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.
On August 1, 2025, Ondas Holdings Inc. announced the appointment of Brigadier General (Ret.) Yaniv Rotem to the Advisory Board of its subsidiary, Ondas Autonomous Systems (OAS). Mr. Rotem, with his extensive experience in Israeli defense R&D, will guide OAS’s strategic technology development and global defense partnerships. This move aligns with Ondas’ strategic roadmap to expand its leadership in autonomous drone and AI-powered ISR platforms, aiming to enhance its global competitive position and create value for shareholders.
The most recent analyst rating on (ONDS) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Ondas Holdings stock, see the ONDS Stock Forecast page.