The acquisition transforms Ondas from a defense/security technology provider into a scaled critical-infrastructure intelligence platform with high-recurring revenue and a large proprietary data moat. Monitor for Q3 2026 closing, integration updates, and potential re-rating of ONDS as the market digests the combined revenue scale and software-anchored growth profile.
Price Chart
Executive Summary
Ondas Inc. announced a definitive agreement to acquire Cyberhawk Holdings Limited for approximately $125 million (95% cash-funded), a critical-infrastructure intelligence platform with drone-based inspection, AI analytics, and iHawk software. The target is expected to generate >$45M in revenue for its FY ending March 2027 with ~95% recurring revenue, high-single-digit EBITDA margins, and a $95M backlog. The deal is expected to close in Q3 2026 and positions Ondas as a dual-use autonomous intelligence platform company serving defense, security, and critical infrastructure markets.
Key Facts
- Total consideration of approximately $125 million, ~95% cash-funded
- Cyberhawk expected revenue >$45 million for fiscal year ending March 2027
- Cyberhawk has ~95% reoccurring revenue and $95 million backlog
- Acquisition expected to close in Q3 2026, subject to customary conditions and regulatory approvals
- Cyberhawk brings 300+ global customers, 500K+ assets inspected, 232TB+ proprietary data
- Combined platform to span autonomous data collection, digital-twin visualization, AI analytics, and operational decision support
Financial Impact
~$125M total consideration, ~95% cash-funded; target >$45M revenue with high-single-digit EBITDA margins expanding to 25%+ by 2030
Risk Factors
- Closing risk: subject to regulatory approvals and customary conditions
- Integration risk: combining two distinct platforms and cultures
- Execution risk: achieving targeted 25%+ EBITDA margins by 2030
- Dilution risk: ~$5M equity component with 1-year lock-up for leadership
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-069889 |
| Document: ea0295043-8k_ondas.htm | 0001213900-26-069889 |
| Document: ea029504301ex99-3.htm | 0001213900-26-069889 |
| Document: ea029504301ex99-1.htm | 0001213900-26-069889 |
| Document: 0001213900-26-069889-index-headers.html | 0001213900-26-069889 |
| Document: 0001213900-26-069889-index.html | 0001213900-26-069889 |
| Document: 0001213900-26-069889.txt | 0001213900-26-069889 |
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Sep 14, 2026 18d ago | 8-K | $7.23 $7.38 | ▲ +2.07% | ▲ +1.97% | $7.24 (+0.14%) |
Aug 15, 2026 6w ago | 144 | $9.00 $8.24 | ▼ −8.44% | ▼ −7.25% | $7.24 (−19.56%) |
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Jun 11, 2026 16w ago | Institutional Cluster | $9.83 $9.12 | ▼ −7.22% | ▼ −7.66% | $7.24 (−26.35%) |
US Market Status
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