
A sector-wide retreat from high-beta drone and defense-tech stocks has caught Ondas (NASDAQ:ONDS), even as the company's revenue keeps growing. Ondas stock is down 38% over the past month to $4.58.
Red Cat Holdings, Inc. provides products, services and solutions to the drone industry. The company is headquartered in Humacao, Puerto Rico.
| Revenue (TTM) | $71.54M |
| Gross Profit (TTM) | $6.97M |
| EBITDA | $-103.98M |
| Operating Margin | -191.40% |
| Return on Equity | -34.40% |
| Return on Assets | -20.70% |
| Revenue/Share (TTM) | $0.60 |
| Book Value | $3.09 |
| Price-to-Book | 1.10 |
| Price-to-Sales (TTM) | 8.62 |
| EV/Revenue | 2.937 |
| EV/EBITDA | -1.77 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 527.00% |
| Shares Outstanding | $152.71M |
| Float | $139.93M |
| % Insiders | 8.05% |
| % Institutions | 57.58% |
Volatility is currently expanding

A sector-wide retreat from high-beta drone and defense-tech stocks has caught Ondas (NASDAQ:ONDS), even as the company's revenue keeps growing. Ondas stock is down 38% over the past month to $4.58.

Collaboration brings together Ukraine-tested technology and American-made autonomous systems to advance capabilities for U.S. and allied forces Collaboration brings together Ukraine-tested technology and American-made autonomous systems to advance capabilities for U.S. and allied forces

The S&P 500 recently sat just 2.5% below its all-time high. Look past the index, though, and the picture gets uglier.

SALT LAKE CITY, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, today announced the date for the release of its financial results for the third quarter ended September 30, 2026, and its participation in upcoming investor conferences. Third Quarter 2026 Earnings Call Red Cat will report its third quarter 2026 financial results after the close of U.S. financial markets on Monday, November 16, 2026, and will host a live Video Webinar at 4:30 p.m.

U.S.-designed and built platforms available for orders, delivering affordable, mission-ready capabilities for U.S. Navy and allied maritime operations U.S.-designed and built platforms available for orders, delivering affordable, mission-ready capabilities for U.S. Navy and allied maritime operations

Drone stocks have left many investors underwater. The REX Drone ETF NASDAQ: DRNZ is down approximately 23% this year.

Proposed transaction represents a strategic investment in Austria and would support Steyr Motors' long-term growth and Red Cat's Blue Ops uncrewed surface vessel strategy Proposed transaction represents a strategic investment in Austria and would support Steyr Motors' long-term growth and Red Cat's Blue Ops uncrewed surface vessel strategy

Ondas Inc. (NASDAQ:ONDS) stock is up 4% to $7 in morning trading after the announcement of Regna AI, a new AI venture powered by Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction).

ONDS secures more than $270 million in orders since June 30, strengthening revenue visibility into 2027 amid broad-based defense demand.

A restatement at AeroVironment (NASDAQ:AVAV | AVAV Price Prediction) is the easiest explanation for a hard year. However, two drone and defense peers that never restated anything have fallen right alongside the company.
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