Ondas Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

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 (YoY)	793.17%	605.28%	-54.16%	638.13%	-26.87%	34.34%
Cost of Revenue	53.28	30.58	6.85	9.31	1.02	1.81
Gross Profit	43.33	20.16	0.35	6.38	1.11	1.1
Selling, General & Admin	103.13	57.66	22.48	27.47	27.08	13.27
Research & Development	30.94	20.88	12.48	17.15	24.04	5.8
Other Operating Expenses	-	-	-	1.5	19.42	-
Total Operating Expenses	134.07	78.54	34.95	46.11	70.54	19.07
Operating Income	-90.74	-58.38	-34.61	-39.73	-69.43	-17.97
Interest Income	23.83	14.51	0.24	0.12	0.03	0.01
Interest Expense	-3.05	-6.58	-3.62	-4.15	-3.76	-0.58
Other Non-Operating Income (Expense)	394.92	-82.45	-0.01	-1.08	-0.08	0.59
Total Non-Operating Income (Expense)	415.71	-74.51	-3.4	-5.12	-3.81	0.03
Pretax Income	343.57	-132.89	-38.01	-44.84	-73.24	-17.95
Provision for Income Taxes	0.73	0.49	-	-	-	2.92
Net Income	239.83	-137.17	-42.42	-46.36	-73.24	-15.02
Minority Interest in Earnings	-3.06	-1.36	-	-	-	-
Net Income Attributable to Preferred Dividends	5.23	5.15	4.41	1.51	-	-
Net Income to Common	239.83	-137.17	-42.42	-46.36	-73.24	-15.02
Shares Outstanding (Basic)	293	222	70	53	42	34
Shares Outstanding (Diluted)	297	222	70	53	42	34
Shares Change (YoY)	269.36%	217.19%	32.57%	24.85%	23.59%	67.32%
EPS (Basic)	0.82	-0.62	-0.61	-0.88	-1.73	-0.44
EPS (Diluted)	0.81	-0.62	-0.61	-0.88	-1.73	-0.44
Shares Outstanding	469.06	380.76	93.17	61.94	44.11	40.99
Free Cash Flow	-86.58	-40.78	-35.11	-34.23	-40.84	-17.82
Free Cash Flow Per Share	-0.29	-0.18	-0.50	-0.65	-0.97	-0.52
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%
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%
EBITDA	-78.94	-51.63	-29.79	-34.74	-65.41	-16.46
EBITDA Margin	-81.72%	-101.77%	-414.11%	-221.38%	-3076.93%	-566.30%
EBIT	-90.74	-58.38	-34.61	-39.73	-69.43	-17.97
EBIT Margin	-93.93%	-115.08%	-481.15%	-253.19%	-3266.02%	-618.34%
Effective Tax Rate	0.21%	-0.37%	0.00%	0.00%	0.00%	-16.28%

Updated May 15, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q