Ondas said 2025 revenue reached $50.7 million, up 605% from the prior year, and management is targeting at least $375 million of revenue in 2026.
The company said backlog climbed to $457 million, giving it visibility into next year’s revenue goal. It also said it ended March 31, 2026 with more than $1.4 billion in cash and short-term investments.
Ondas said it has completed 5 acquisitions in 2026 so far, with aggregate transaction value of $557 million. Those businesses are expected to contribute about $230 million in full-year 2026 revenue. The company also said its M&A pipeline includes more than 25 opportunities, with combined potential 2026 revenue run rate of $500 million.
On capital structure, Ondas is asking shareholders to approve an increase in authorized shares to 1.2 billion from 800 million, a 50% increase. The company said more than half of its shares are already issued and outstanding, and nearly 25% of authorized shares are reserved for warrants with strike prices of $20 and $28 per share. As a result of these announcements, the company's shares have moved 0.1% on the market, and are now trading at a price of $10.55. For the full picture, make sure to review Ondas's 8-K report.
