Ondas Holdings Inc. (NASDAQ: ONDS) has reported record-breaking financial results for the third quarter of 2025, demonstrating robust growth and a strong outlook for the future. The company achieved a record quarterly revenue of $10.1 million in Q3, marking a significant increase of more than 6-fold year-over-year and a 60% growth quarter-over-quarter. With a pro-forma cash balance of $840.4 million, Ondas now boasts one of the strongest balance sheets in the industry.
The company has been effectively deploying capital through acquisitions and investments, as evidenced by strategic moves such as the acquisition of SentryCS, Apeiro Motion, 4M Defense, and Rift Dynamics. These acquisitions have contributed to Ondas' expansion of capabilities and reinforced its position as a leading global provider of next-generation defense and security technologies.
Ondas has also raised approximately $855 million in 2025 through equity offerings and warrant and option exercises, which has transformed its balance sheet, providing significant capital to support the company's expanded business plan. Additionally, Ondas Capital Inc. was launched as a new advisory service and strategic investment management platform with $150 million in capital to advance a technology bridge strategy connecting dual-use, combat-proven unmanned and autonomous technologies originating in Ukraine to the United States and Europe.
The company's Ondas Autonomous Systems (OAS) unit, which provides autonomous aerial and ground robot intelligence, reported approximately $10.0 million in revenue during the third quarter of 2025, representing a more than 8-fold increase from the same period in 2024. The OAS backlog reached $22.2 million as of September 30, 2025, reflecting continued global demand for its platforms.
Ondas Networks, the company's private wireless solutions unit, also achieved significant milestones. The Association of American Railroads (AAR) Wireless Communications Committee announced that IEEE 802.16t ("dot16") will serve as the upgrade path for the legacy 160 MHz LMR voice network, positioning Ondas Networks for a multi-year upgrade cycle across all AAR-owned frequencies, covering thousands of miles of railroad infrastructure throughout North America.
As a result of these announcements, the company's shares have moved 19.51% on the market, and are now trading at a price of $6.585. For the full picture, make sure to review Ondas's 8-K report.
