Ondas Holdings Inc. reported record quarterly revenue of $10.1 million for the third quarter ended September 30, 2025, representing more than a sixfold increase year-over-year and 60% growth quarter-over-quarter. The company posted a net loss of $7.5 million, compared to a net loss of $9.5 million in the same period of 2024. Adjusted EBITDA was a loss of $8.8 million, versus a loss of $7.1 million a year earlier. Ondas ended the quarter with $433.4 million in cash, cash equivalents, and restricted cash, up from $30.0 million at the end of 2024. Pro forma cash balances were approximately $840.4 million, reflecting recent equity offerings. The company raised approximately $855 million in 2025 through four equity offerings and warrant and option exercises. Ondas increased its 2025 revenue target to at least $36 million and set a preliminary 2026 revenue target of at least $110 million. Recent business developments include acquisitions and investments in Sentrycs, Apeiro Motion, 4M Defense, and Rift Dynamics.