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ONDSOndas Inc.Nasdaq

Ondas Inc. Revises Preliminary Q4 and Full Year 2025 Financial Results

8-K/AEarningsvolatileImpact65

ONDS Price

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Ondas Inc. revised its preliminary Q4 and full year 2025 results, reporting a significant net gain instead of a loss due to a warrant liability adjustment

Earnings Snapshot

Q4 2025 Revenue
$29.1M - $30.1MAbove prior guidance of $27M-$29M
Q4 2025 Net Income
$82.9M - $83.4MIncludes ~$102M gain from warrant liability fair value change
FY 2025 Revenue
$49.7M - $50.7MAbove prior guidance of $47.6M-$49.6M
FY 2025 Net Income
$50.4M - $50.9MIncludes ~$102M gain from warrant liability fair value change

Ondas Inc. filed an 8-K/A to revise its preliminary financial results for the fourth quarter and full year 2025. The company now expects to report a net income of $82.9 million to $83.4 million for Q4 2025 and $50.4 million to $50.9 million for the full year, a significant improvement from previously disclosed net losses. This change is primarily driven by an estimated $102 million net gain from the fair value adjustment of its warrant liability, which is a non-cash item. While revenue ranges remain unchanged and Adjusted EBITDA still shows a loss, the conversion to a substantial net profit is a material accounting shift for investors, though the underlying operating performance remains challenged

Score65

Score Rationale

volatile

A major accounting adjustment converted a preliminary net loss into a significant net gain, fundamentally changing the reported profitability for the quarter and full year. However, this gain is non-cash, and the adjusted operating performance still reflects a loss, indicating a mixed financial quality.

Performance & Outlook

Net Income (Loss)

Turned profitable YoY
Q4 2024
$(10.3M)
Q4 2025
$82.9M - $83.4M

Adjusted EBITDA (non-GAAP)

Loss widened 38% YoY
Q4 2024
$(7.0M)
Q4 2025
$(9.9M) - $(9.4M)

Key Business Updates

  1. Revenue Outlook$170M - $180M

    Excludes impact of any new acquisitions in 2026

  2. Warrant Liability Gain$102M

    A net gain of approximately $102 million for Q4 and full year 2025 is expected from the net change in the fair value of the Company’s warrant liability.

  3. Cash and Equivalents$551M

    The company reported cash and cash equivalents of approximately $551 million as of December 31, 2025.

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ONDS Market Context

SectorTechnology
IndustryHardware & Electronics
Market Cap$3.64B
Shares Outstanding523.16M
Public Float477.85M
Public Float %91.3%
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Original Filing Text

SEC filing text preserved from the raw item store.

true 0001646188 0001646188 2026-03-09 2026-03-09 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A

(Amendment No. 1)

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 9, 2026

 

 

Ondas Inc.

(Exact name of registrant as specified in its charter)

 

Nevada   001-39761   47-2615102
(State or Other jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)

 

222 Lakeview Avenue, Suite 800, West Palm Beach, Florida 33401

 

(Address of principal executive offices) (Zip Code)

 

(888) 350-9994

 

(Registrant’s telephone number, including area code)

 

N/A

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities Registered Pursuant to Section 12(b) of the Act:

 

 

Title of Each Class

  Trading Symbol   Name of each exchange on which registered
Common Stock, par value $0.0001   ONDS   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

  

 

 

 

Explanatory note

 

Ondas Inc. (the “Company”) is filing this Amendment No. 1 to its Current Report on Form 8-K originally filed with the Securities and Exchange Commission on March 9, 2026 (the “Original Form 8-K”) solely to amend and update the preliminary results press release for the fourth quarter and full year 2025 furnished as Exhibit 99.1 thereto.

 

Since the filing of the Original Form 8-K, management has completed additional financial close procedures and refined certain preliminary accounting estimates, specifically the net change in the fair value of the Company’s warrant liability which is expected to result in a net gain for the fourth quarter and full year 2025. As a result, the Company is revising its previously disclosed preliminary estimated ranges for net income (loss) and Adjusted EBITDA (non-GAAP) for the fourth quarter and full year 2025. The Company’s previously disclosed preliminary revenue ranges remain unchanged.

 

The revised preliminary results press release furnished as Exhibit 99.1 to this Form 8-K/A supersedes and replaces in its entirety the preliminary results release previously furnished with the Original Form 8-K.

 

This Form 8-K/A is being filed solely for the purpose described above and does not otherwise amend, modify, or update any other disclosures contained in the Original Form 8-K.

 

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Forward-Looking Statements

 

Statements made in this report that are not statements of historical or current facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. The Company cautions readers that forward-looking statements are predictions based on the Company’s current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. The Company’s actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of the Company’s most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of the Company’s Quarterly Reports on Form 10-Q and in the Company’s other filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law.

 

Item 9.01 Financial Statements and Exhibits.

 

(d)Exhibits

 

Exhibit No.   Description
99.1   Press Release, dated March 20, 2026
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: March 20, 2026

 

  ONDAS INC.
     
  By: /s/ Eric A. Brock
  Eric A. Brock
  Chief Executive Officer

 

 

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