Ondas Inc. (ONDS)

NASDAQ: ONDS · Real-Time Price · USD

5.75

-0.57 (-9.02%)

At close: Nov 2, 2026, 4:00 PM EST

5.91

+0.16 (2.78%)

Pre-market: Nov 3, 2026, 8:53 AM EST

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	Jun '26 Jun 30, 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	174.1	50.73	7.19	15.69	2.13	2.91
Revenue Growth	979.23%	605.28%	-54.16%	638.14%	-26.87%	34.34%
Gross Profit	76.12	20.16	0.35	6.38	1.11	1.1
Operating Income	-210.7	-54.07	-34.61	-38.23	-50.01	-17.97
Net Income	85.75	-137.17	-42.42	-46.36	-73.24	-15.02
Earnings Per Share	0.19	-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	Jun '26 Jun 30, 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	109.57	34.58	2.8	12.1	0.87	0.41
Service and Subscription	39.86	10.24	2.49	2.13	0.32	0.1
Development	24.67	5.91	1.9	1.46	0.93	2.4
Revenue (Total)	174.1	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	Jun '26 Jun 30, 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	1,384	572.49	29.96	14.98	29.78	40.82
Total Debt	41.1	25.21	60.31	35.29	33.9	1.81
Net Cash (Debt)	1,343	547.29	-30.35	-20.31	-4.13	39
Net Cash Growth	2939.08%	-	-	-	-	116.27%
Net Cash Per Share	3.33	2.47	-0.43	-0.39	-0.10	1.14

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	-161.06	-38.75	-33.47	-34.02	-37.96	-16.9
Capital Expenditures	-10.86	-2.03	-1.64	-0.21	-2.88	-0.92
Free Cash Flow	-171.92	-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	Jun '26 Jun 30, 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	43.72%	39.73%	4.80%	40.67%	52.18%	37.70%
Operating Margin	-121.02%	-106.59%	-481.15%	-243.63%	-2352.50%	-618.34%
Pretax Margin	77.39%	-261.95%	-528.39%	-285.79%	-3445.35%	-617.38%
Profit Margin	49.25%	-270.39%	-589.73%	-295.44%	-3445.35%	-516.86%
FCF Margin	-98.75%	-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	Nov '26 Nov 3, 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	18.84	72.02	32.49	5.69	32.08	94.16