Ondas Inc. (ONDS)
NASDAQ: ONDS · Real-Time Price · USD
8.94
-0.83 (-8.50%)
Aug 13, 2026, 2:04 PM EDT - Market open

Ondas Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
174.150.737.1915.692.132.91
Revenue Growth
979.27%605.28%-54.16%638.14%-26.87%34.34%
Gross Profit
76.1220.160.356.381.111.1
Operating Income
-244.44-58.38-34.61-39.73-69.43-17.97
Net Income
163.26-137.17-42.42-46.36-73.24-15.02
Earnings Per Share
-0.04-0.62-0.61-0.88-1.73-0.44
EPS Growth
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Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Product
69.7334.582.812.10.870.41
Service and Subscription
18.7610.242.492.130.320.1
Development
8.125.911.91.460.932.4
Revenue (Total)
96.650.737.1915.692.132.91

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,384572.4929.9614.9829.7840.82
Total Debt
6.4112.4954.2335.2933.391.09
Net Cash (Debt)
1,378560.01-24.27-20.31-3.6139.72
Net Cash Growth
3006.86%----120.26%
Net Cash Per Share
3.452.53-0.35-0.39-0.091.16

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
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
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Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
43.72%39.73%4.80%40.67%52.18%37.70%
Operating Margin
-140.40%-115.08%-481.15%-253.19%-3266.02%-618.34%
Pretax Margin
135.31%-261.95%-528.39%-285.79%-3445.35%-617.38%
Profit Margin
93.66%-262.92%-528.39%-285.79%-3445.35%-516.86%
FCF Margin
0.00%-80.38%-488.04%-218.15%-1921.33%-613.02%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PS Ratio
30.6573.2533.166.0432.9994.62