Ondas Inc. (ONDS)

NASDAQ: ONDS · Real-Time Price · USD

7.93

-0.07 (-0.88%)

At close: Jul 23, 2026, 4:00 PM EDT

7.96

+0.03 (0.32%)

Pre-market: Jul 24, 2026, 9:18 AM EDT

Ondas Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	96.6	50.73	7.19	15.69	2.13	2.91
Revenue Growth	793.17%	605.28%	-54.16%	638.14%	-26.87%	34.34%
Gross Profit	43.33	20.16	0.35	6.38	1.11	1.1
Operating Income	-90.74	-58.38	-34.61	-39.73	-69.43	-17.97
Net Income	239.83	-137.17	-42.42	-46.36	-73.24	-15.02
Earnings Per Share	0.07	-0.62	-0.61	-0.88	-1.73	-0.44
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Product	69.73	34.58	2.8	12.1	0.87	0.41
Service and Subscription	18.76	10.24	2.49	2.13	0.32	0.1
Development	8.12	5.91	1.9	1.46	0.93	2.4
Revenue (Total)	96.6	50.73	7.19	15.69	2.13	2.91

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	1,474	572.49	29.96	14.98	29.78	40.82
Total Debt	4.37	12.49	54.23	35.29	33.39	1.09
Net Cash (Debt)	1,469	560.01	-24.27	-20.31	-3.61	39.72
Net Cash Growth	-	-	-	-	-	120.26%
Net Cash Per Share	4.73	2.53	-0.35	-0.39	-0.09	1.16

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-83.39	-38.75	-33.47	-34.02	-37.96	-16.9
Capital Expenditures	-3.2	-2.03	-1.64	-0.21	-2.88	-0.92
Free Cash Flow	-86.58	-40.78	-35.11	-34.23	-40.84	-17.82
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	44.85%	39.73%	4.80%	40.67%	52.18%	37.70%
Operating Margin	-93.93%	-115.08%	-481.15%	-253.19%	-3266.02%	-618.34%
Pretax Margin	355.65%	-261.95%	-528.39%	-285.79%	-3445.35%	-617.38%
Profit Margin	250.51%	-262.92%	-528.39%	-285.79%	-3445.35%	-516.86%
FCF Margin	-89.62%	-80.38%	-488.04%	-218.15%	-1921.33%	-613.02%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 24, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PS Ratio	46.78	73.25	33.16	6.04	32.99	94.62