Ondas Holdings — Defense Drone Growth Is Accelerating

Ondas just delivered one of the stronger growth quarters we’ve seen recently across the autonomous systems and drone sector.

Q1 2026 highlights:

• Q1 2026 revenue: $50.1M, up 1,065% YoY

• Q1 2025 revenue comp: $4.3M

• Pro forma backlog: $457M

• Backlog up about 570% from $68.3M

• 2026 revenue target raised to at least $390M

• Companywide adjusted EBITDA loss: $10.9M

• Product-company level adjusted EBITDA positive in Q1 2026

Autonomous defense and infrastructure drones

Through its Airobotics platform, Ondas is building systems designed for:

• Military applications

• Border security

• Critical infrastructure

• Public safety

• Industrial monitoring

Management emphasized:

• Global demand for autonomous systems

• Expanding defense opportunities

• Accelerating operating leverage

• Strategic acquisitions contributing to scale

The company said its product businesses reached adjusted EBITDA profitability six months earlier than expected.