Ondas revises prelim Q4 net income to ~$83M on $102M warrant gain; revenue beats guidance

Ondas Inc.

Revised preliminary Q4 2025 revenue $29.1-30.1M, above prior $27-29M guidance.
Net income expected $82.9-83.4M for Q4, $50.4-50.9M for FY2025, reflecting $102M warrant liability gain.
FY2025 revenue $49.7-50.7M, above prior $47.6-49.6M guidance; FY2026 outlook $170-180M unchanged.
Cash and equivalents ~$551M at Dec 31, 2025; raised ~$1B in January 2026.
Adjusted EBITDA (non-GAAP) expected $(9.9)-(9.4)M for Q4, $(31.5)-(31)M for FY2025.

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