New York, March 23, 2026, 12:10 PM EDT.
- Ondas shares gained roughly 2.6% to trade at $10.32 on the Nasdaq late in the morning, having hit $10.71 earlier.
- The company is now aiming for at least $375 million in revenue by 2026 and expects first-quarter revenue between $38 million and $40 million.
- Ondas has struck a $150 million deal—mostly stock—to acquire World View Enterprises, broadening its reach into high-altitude intelligence, surveillance, and reconnaissance.
Ondas picked up 2.6% Monday, buoyed by news that the autonomous systems firm had increased its 2026 revenue goal, delivered a record fourth-quarter revenue print, and announced a $150 million acquisition of World View Enterprises. Shares changed hands at $10.32 as of 12:03 p.m. EDT, 26 cents above Friday’s finish.
This shift carries weight. Back on March 20, Ondas was projecting 2026 revenue in the $170 million to $180 million range—figures that didn’t include this year’s announced acquisitions. Now, Monday’s revised target jumps to at least $375 million, rolling those deals into the mix and essentially overhauling expectations.
The numbers underscore Ondas’ priorities. The company pointed to its Ondas Autonomous Systems segment as the main driver for 2026, supported by a $68.3 million backlog. Ondas Networks, on the other hand, remains cautious, with only limited revenue anticipated; rail-network buildouts are still waiting on concrete schedules.
Plenty of firepower here. Ondas wrapped up 2025 sitting on $594.4 million in cash, cash equivalents, and restricted cash. Then in January, it pulled in another $960 million in net proceeds, with the money earmarked for organic growth and M&A.
Fourth-quarter revenue shot up 629% year-over-year to $30.1 million, according to results out Monday. Full-year top line hit $50.7 million, up from $7.2 million, while gross margin for the quarter expanded to 42%, a jump from 21%.
Losses deepened. Ondas posted a fourth-quarter net loss of $101.0 million, much of it traced back to an $82.2 million non-cash warrant charge linked to its October equity raise. Adjusted EBITDA—excluding certain financing and non-cash expenses—showed a loss of $9.9 million.
Ondas is picking up a high-altitude balloon ISR business through its World View buyout, adding to its lineup of drones, counter-drone tech, and ground robots. The deal, according to a filing, comes in at $150 million—mostly paid in Ondas shares—and still needs to clear standard closing hurdles. June 23 marks the outside date for completion.
Eric Brock, the chief executive, described 2025 as a “defining year.” World View’s CEO, Ryan Hartman, expects the merger will allow the company to operate at a “much larger scale.” According to Ondas, World View has so far carried out more than 140 stratospheric flight operations and counts NASA, NOAA, and the U.S. Air Force among its customers. Securities and Exchange Commission
The World View deal fits a broader pattern. On March 8, Ondas said it would buy Mistral in a $175 million all-stock transaction. Monday’s earnings materials flagged other March activity too, with Rotron, Bird Aerospace, and INDO Earth all cited as recent transactions tied to the company’s push to expand its autonomous systems platform.
So Ondas is jumping into a defense-tech field that’s already packed. Kratos pitches its high-performance unmanned systems as built for tactical roles, and Red Cat focuses on ISR and precision-strike drones aimed at the defense sector. Ondas, for its part, is working to layer persistent stratospheric sensing on top of that ecosystem and integrate it all into a single platform.
Execution is front and center here. Ondas is banking on its new acquisitions to hit that $375 million revenue goal, but questions hang over when its rail network projects will actually roll out—and there’s no guarantee the World View transaction gets done. For 2025, the company reported a net loss of $133.4 million.
Ondas plans to break down its results and share outlook specifics for World View during a March 25 conference call.
