Ondas Holdings (NASDAQ: ONDS) heads into Thursday, November 13, 2025 as one of the most closely watched small-cap defense-tech names on the market. The company is scheduled to report third‑quarter 2025 results and host its earnings call before the U.S. market opens, a catalyst that could inject fresh volatility into a stock that has already surged several hundred percent over the past year. [1]
Below is a structured look at where ONDS stands this morning, what news is live for November 13, and which storylines traders and long‑term investors are watching most closely.
ONDS stock price today: where things stand before the Q3 print
- Last close: Ondas shares closed on Wednesday, November 12, 2025 at $5.51. [2]
- Pre‑market indication: MarketBeat shows extended-hours trading around $5.64 (+2.4%) as of 6:59 a.m. ETahead of the Q3 release. [3]
- Market cap & float: StockTitan estimates a market capitalization of roughly $2.1–2.2 billion, with a public float of about 360 million shares, insider ownership near 2%, and institutional ownership around 17%. [4]
- 12‑month performance: Benzinga notes that ONDS shares are up roughly 680% over the last 52 weeks, reflecting a dramatic re‑rating as investors crowd into the company’s autonomous systems and counter‑UAS story. [5]
Put simply: ONDS arrives at Q3 earnings priced as a high‑beta, high‑expectation defense‑tech play. Any surprise in today’s numbers or guidance could drive a sharp move in either direction.
Today’s key event: Q3 2025 earnings and conference call
The main “hard” news for November 13, 2025 itself is the Q3 earnings day:
- Earnings release: Ondas has said it will publish third‑quarter 2025 financial results for the period ended September 30, 2025 in a press release before the earnings call. [6]
- Conference call:
- Date: Thursday, November 13, 2025
- Time: 8:30 a.m. Eastern Time
- Access: Toll‑free dial‑in 844‑883‑3907, international 412‑317‑5798, plus a live webcast via the company’s IR site. [7]
As of the time reflected in today’s sources, Ondas has not yet posted the full Q3 numbers on its IR press-release page; the most recent company release remains the November 10 advisory board appointment (see below). [8]
Third‑party data platforms such as MarketBeat, Seeking Alpha, Intellectia, GuruFocus and Morningstar are therefore still in “preview / expectations” mode rather than reporting final results. [9]
What Wall Street expects from Ondas today
While exact estimates vary slightly, recent previews tell a fairly consistent story:
- Consensus EPS:
- Consensus revenue:
- Multiple sources (GuruFocus, Intellectia) cluster around $7.0–7.4 million in Q3 revenue. [12]
In other words, analysts expect another quarterly loss, but with meaningful year‑over‑year revenue growth as the company ramps defense and security deployments.
Recent earnings‑trend data from Intellectia shows: [13]
- Q1 2025: revenue $4.25M, EPS –$0.15, a deeper‑than‑expected loss.
- Q2 2025: revenue $6.27M vs. a $5.76M estimate and EPS –$0.08 vs. –$0.10 expected, indicating improving execution but continued unprofitability.
From a trading perspective, pre‑earnings analysis (Benzinga, Zacks previews, and others) emphasizes that guidance and commentary on 2026+ will likely matter more than the exact penny of EPS for a stock this volatile. [14]
Fresh coverage & commentary circulating on November 13
Several new or very recent pieces of analysis are shaping sentiment specifically around today’s earnings event:
1. Q3 earnings preview pieces
- Benzinga’s “A Glimpse of Ondas Holdings’s Earnings Potential” (published November 12, still front‑and‑center today) highlights:
- Expected EPS of –$0.04.
- A 684% 52‑week share price gain.
- A consensus Buy rating with an average 12‑month price target around $8.33, implying notable upside from current levels if execution cooperates. [15]
- Seeking Alpha’s Q3 2025 earnings preview reiterates that Ondas will report before the market open on November 13 and flags the name as one of the more volatile small‑cap tech earnings plays on today’s calendar. [16]
- GuruFocus’s pre‑earnings note underlines two key points:
- Ondas has missed EPS expectations in most of the last four quarters,
- but has beaten revenue estimates about 75% of the time, creating a mixed but improving fundamental profile. [17]
- Intellectia’s earnings dashboard points to FY2025 revenue estimates around $27M and FY2025 EPS near –$0.28, with upward revisions to revenue but downward‑to‑mixed revisions in EPS over the last three months—classic “grow now, profit later” behavior. [18]
2. MarketBeat “Q3 2025 Earnings Report” stub
MarketBeat has already published an “Ondas Q3 2025 Earnings Report” page dated November 13. At this stage it mainly serves as a container:
- It confirms the Q3 2025 event date (11/13/2025) and the 8:30 a.m. ET call,
- shows the previous close at $5.51, and
- lists pre‑market trading at $5.64 (+2.38%) as of early this morning, but EPS and revenue are still marked “N/A”, indicating that formal numbers are not yet loaded. [19]
This reinforces the idea that we are still in the pre‑print window.
Recent strategic moves that frame today’s reaction
Although much of the hard news landed in October and early November, those announcements are directly relevant to how investors interpret today’s Q3 call.
1. Aggressive M&A in defense and AI sensing
Over the last few weeks Ondas has layered several deals on top of its existing drone and wireless platform:
- Sentrycs acquisition (announced November 4, 2025):
- Ondas entered a definitive agreement to acquire Sentrycs, an Israel‑based leader in Cyber‑over‑RF (CoRF) counter‑UAS technology with deployments in 25 countries. [20]
- Sentrycs’ system can detect, identify and take control of hostile drones at the protocol level, and will be integrated with Ondas’ Iron Drone Raider interceptor to create a “detect‑to‑defeat” end‑to‑end counter‑UAS stack. [21]
- The company expects the transaction to close in November 2025, so investors will listen closely for timing, integration plans and revenue contribution commentary on today’s call. [22]
- Insight Intelligent Sensors acquisition (October 29, 2025):
- Ondas acquired a controlling interest in Insight Intelligent Sensors, an Israeli AI electro‑optical sensing specialist whose modules are already deployed with U.S. and Israeli defense and homeland‑security agencies. [23]
- Insight’s “Smart Imaging Module” adds AI‑driven edge perception for drones, vehicles, people and even early wildfire detection, strengthening Ondas’ multi‑domain sensing story. [24]
- 4M Defense deal (late October 2025):
- Ondas also agreed to acquire a controlling interest in 4M Defense, adding smart de‑mining, terrestrial and subsurface robotics, and an AI‑driven terrestrial intelligence platform—further proof that management is building a “system‑of‑systems” defense stack spanning air and ground. [25]
These moves help explain why many analysts now talk about Ondas as a vertically integrated defense‑tech platform, not just a niche drone vendor—but they also raise questions about integration risk and cash deployment, which Q3 commentary will need to address.
2. Advisory board upgrade from a top Israeli defense leader
On November 10, 2025, Ondas appointed Maj. Gen. (Ret.) Yoav Har‑Even, former President & CEO of Rafael Advanced Defense Systems (the company behind Iron Dome and other flagship Israeli defense programs), to the Ondas Autonomous Systems (OAS) advisory board. [26]
The release frames this as:
- A way to deepen expertise in multi‑domain operations and international defense collaboration, and
- A support pillar for OAS’ record international orders in 2025 for the Optimus and Iron Drone Raider platforms. [27]
For investors, this hire strengthens the strategic credibility of Ondas’ defense push just days before earnings.
3. Capital raises, dilution risk, and shelf registration
If Q3 earnings are the “headline” today, the capital structure is the sub‑plot everyone will be reading between the lines.
Key 2025 moves include:
- September 2025 offering:
- October 2025 stock & warrant sale:
- Company IR and news summaries describe a $425M stock and warrant transaction priced above market, further bolstering Ondas’ cash reserves but expanding the fully diluted share count. [30]
- Convertible note retirement (July 2025):
- Earlier in the year, Ondas retired all outstanding convertible notes, reporting $67M in cash and equivalents as of June 30, 2025, which simplified its balance sheet and removed a source of potential future dilution from convertibles. [31]
- New shelf registration and share‑authorization push:
- Yahoo Finance coverage (now rate‑limited but summarized in previews) and Simply Wall St’s latest note both flag a new shelf registration for additional common stock and a proposed amendment to double authorized shares, up for shareholder vote on November 18, 2025. [32]
Together, these steps leave Ondas with much more cash and far less debt than it had a year ago—but at the cost of significant equity dilution and the prospect of more if the shelf is used aggressively. Articles like MarketMinute’s “Ondas Holdings (ONDS) Faces Headwinds: A Deep Dive into a Shifting Bull Case” explicitly describe this as a key reason investor sentiment has turned more cautious ahead of Q3. [33]
How the business has been performing heading into Q3
Q3 results will update a story that already shifted sharply earlier in 2025:
- Q1 2025:
- Revenue $4.2M, up 500%+ year‑over‑year, driven largely by Ondas Autonomous Systems.
- Backlog of $16.8M and new orders over $9M for Iron Drone and Optimus across Europe, the Middle East and the U.S.
- Gross margin improved to 35%, but the company still posted an operating loss of $10.3M and net loss of $14.1M, ending the quarter with about $25.4M in cash before later capital raises. [34]
- Q2 2025:
- First‑half takeaway:
Ondas is transitioning from “concept story” to revenue‑scaling mode, especially in its OAS unit, but has not yet solved profitability—a tension that today’s Q3 numbers and commentary will either ease or exacerbate.
What traders and investors will focus on today
Based on recent previews, IR materials, and independent analysis, here are the main questions the market is likely to ask as Q3 hits the tape:
- Revenue growth vs. expectations
- Does Q3 revenue land around or above the ~$7M consensus, keeping the trajectory from Q1 and Q2 intact?
- Is management still comfortable with full‑year 2025 revenue in the mid‑20 millions, or does guidance move?
- Margins and cash burn
- Are gross margins holding up as scale improves, or are integration and deal‑related costs pressuring profitability?
- How quickly is Ondas burning through the hundreds of millions raised in recent offerings, and what does the cash runway look like post‑acquisitions?
- Backlog and order momentum
- Are orders for Iron Drone Raider, Optimus, Sentrycs systems, and Insight’s sensing productsaccelerating, flat, or slowing?
- Is the geographic mix (U.S., Europe, Middle East, Asia) broadening in a way that reduces customer concentration risk? [37]
- Integration of new acquisitions
- Concrete milestones for integrating Sentrycs, Insight and 4M Defense into a unified “system‑of‑systems” portfolio.
- Any early signs of cross‑selling (e.g., Sentrycs detection in existing Iron Drone deployments).
- Capital allocation and dilution
- Rationale for the shelf registration and proposed authorized‑share increase so soon after large equity deals.
- Whether management hints at further raises or leans on existing cash and operating cash flow for 2026–27 goals. [38]
- Strategic positioning in defense tech
- How the appointment of Yoav Har‑Even and prior partnerships (e.g., with Palantir and Rift Dynamics/Nammo) are translating into concrete pipeline or contract wins. [39]
Bottom line: Ondas on November 13, 2025
For today, November 13, 2025, the Ondas story looks like this:
- Stock: Highly volatile, still up several‑fold over the past year, sitting near the mid‑$5s into earnings. [40]
- Catalyst: A pre‑market Q3 2025 earnings release and 8:30 a.m. ET conference call, with the market laser‑focused on revenue growth, cash burn, and integration of a growing portfolio of defense and sensing assets. [41]
- Story: A company racing to build a full‑spectrum autonomous defense platform—from drones to sensing to counter‑UAS—funded by substantial equity raises that have eliminated debt but increased dilution risk. [42]
How ONDS trades today will ultimately depend on whether the Q3 numbers and management’s outlook convince investors that this aggressive expansion can translate into sustainable, profitable growth fast enough to justify the enlarged share base.
This article is for informational purposes only and does not constitute investment advice, a recommendation to buy or sell any security, or a substitute for individualized financial guidance. Always do your own research or consult a licensed financial advisor before making investment decisions.
References
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