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Ondas Inc

Regulated industry Physical products Sells to businessesTags from an AI model reading the company description.

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Key Metrics

Previous Close: $7.12
52-Week Range: $4.95 – $15.28
Market Cap: $4.22B
P/E (TTM): —
EPS (TTM): -0.06
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 2.44
PEG Ratio: —
Return on Equity: 19.32%
Return on Assets: -8.37%
Gross Margin: 43.72%
Operating Margin: -166.30%
Profit Margin: 96.25%
Current Ratio: 9.85
Debt/Equity: 0.03
Total Debt: $41.10M
Free Cash Flow: $-69.11M
Revenue Growth: 1235.40%
Earnings Growth: —
Enterprise Value: $2.79B

ONDS Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.13M	$15.69M	$7.19M	$50.73M
Cost of Revenue	$1.02M	$9.31M	$6.85M	$30.57M
Gross Profit	$1.11M	$6.38M	$345.00K	$20.16M
Research & Development	$24.04M	$17.15M	$12.48M	$20.88M
Selling, General & Admin	$27.08M	$27.47M	$22.48M	$57.66M
Operating Expenses	$51.12M	$44.61M	$34.95M	$78.54M
Operating Income	-$50.01M	-$38.23M	-$34.61M	-$58.38M
EBITDA	-$64.63M	-$34.64M	-$28.72M	-$118.33M
Pretax Income	-$73.24M	-$44.84M	-$38.01M	-$132.89M
Income Tax	$0.00	$0.00	$0.00	$488.00K
Net Income	-$73.24M	-$44.84M	-$38.01M	-$132.02M
Diluted EPS	-1.73	-0.88	-0.61	-0.62
Diluted Shares	42.24M	52.74M	69.92M	221.77M

ONDS Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$29.78M	$14.98M	$29.96M	$550.74M
Receivables	$2.10M	$4.52M	$5.43M	$28.49M
Inventory	$2.17M	$2.19M	$9.82M	$21.96M
Current Assets	$35.80M	$23.61M	$47.52M	$685.90M
Total Assets	$97.95M	$92.16M	$109.62M	$1.13B
Current Liabilities	$22.73M	$35.94M	$50.58M	$141.82M
Long-Term Debt	$14.50M	$3.11M	$15.87M	$3.83M
Total Debt	$33.39M	$35.29M	$55.35M	$15.56M
Total Liabilities	$39.72M	$47.11M	$73.68M	$661.23M
Retained Earnings	-$153.52M	-$198.36M	-$236.37M	-$368.39M
Shareholders' Equity	$58.22M	$33.14M	$16.58M	$437.81M
Working Capital	$13.08M	-$12.33M	-$3.06M	$544.08M
Net Debt	$573.04K	$13.83M	$24.27M	—

ONDS Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$37.96M	-$34.02M	-$33.47M	-$38.75M
Capital Expenditure	-$2.93M	-$281.12K	-$1.73M	-$2.14M
Free Cash Flow	-$40.89M	-$34.30M	-$35.20M	-$40.88M
Depreciation & Amortisation	$4.85M	$6.05M	$5.66M	$7.99M
Stock-Based Compensation	$5.86M	$1.05M	$1.26M	$16.02M
Investing Cash Flow	-$6.93M	$536.27K	-$1.73M	-$260.13M
Financing Cash Flow	$33.86M	$18.73M	$50.18M	$862.65M
Net Change in Cash	-$11.04M	-$14.75M	$14.98M	$563.77M

ONDS Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$4.25M	$6.27M	$10.10M	$30.11M	$50.12M	$83.77M
Cost of Revenue	$2.76M	$2.94M	$7.49M	$17.38M	$25.46M	$47.64M
Gross Profit	$1.49M	$3.33M	$2.60M	$12.73M	$24.66M	$36.13M
Research & Development	$3.46M	$4.24M	$4.51M	$8.67M	$13.52M	$30.95M
Selling, General & Admin	$8.34M	$8.35M	$13.60M	$27.38M	$53.81M	$148.89M
Operating Expenses	$11.80M	$12.58M	$18.11M	$36.05M	$67.33M	$179.84M
Operating Income	-$10.31M	-$9.25M	-$15.50M	-$23.32M	-$42.67M	-$143.71M
EBITDA	-$8.80M	-$7.61M	-$5.16M	-$96.76M	$368.51M	-$98.21M
Pretax Income	-$14.14M	-$10.75M	-$7.17M	-$100.83M	$361.50M	-$118.75M
Income Tax	$0.00	$0.00	$307.46K	$180.54K	$245.00K	-$29.05M
Net Income	-$14.14M	-$10.75M	-$7.47M	-$99.66M	$362.95M	-$88.25M
Diluted EPS	-0.15	-0.08	-0.03	—	0.77	-0.19
Diluted Shares	105.00M	150.65M	259.91M	—	469.06M	503.59M

ONDS Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$25.36M	$67.57M	$432.82M	$550.74M	$1.03B	$657.91M
Receivables	$4.19M	$8.15M	$10.52M	$28.49M	$61.28M	$123.34M
Inventory	$10.55M	$11.19M	$12.52M	$21.96M	$34.29M	$52.03M
Current Assets	$43.40M	$91.21M	$478.88M	$685.90M	$1.63B	$1.61B
Total Assets	$104.60M	$151.95M	$550.15M	$1.13B	$2.44B	$2.99B
Current Liabilities	$50.42M	$31.49M	$31.31M	$141.82M	$149.32M	$163.08M
Long-Term Debt	$300.00K	$300.00K	$300.00K	$3.83M	$3.60M	$4.13M
Total Debt	$42.35M	$23.21M	$17.97M	$15.56M	$7.87M	$13.41M
Total Liabilities	$57.95M	$39.29M	$39.78M	$661.23M	$1.36B	$1.42B
Retained Earnings	-$250.50M	-$261.25M	-$268.72M	-$368.39M	-$5.44M	-$93.68M
Shareholders' Equity	$26.08M	$90.82M	$486.08M	$437.81M	$1.07B	$1.57B
Working Capital	-$7.02M	$59.72M	$447.57M	$544.08M	$1.48B	$1.44B
Net Debt	$10.85M	—	—	—	—	—

ONDS Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$6.66M	-$8.40M	-$10.95M	-$12.73M	-$51.30M	-$86.08M
Capital Expenditure	-$171.00K	-$96.00K	-$230.72K	-$1.64M	-$1.33M	-$7.76M
Free Cash Flow	-$6.83M	-$8.50M	-$11.19M	-$14.37M	-$52.63M	-$93.84M
Depreciation & Amortisation	$1.47M	$1.58M	$1.57M	$3.37M	$6.68M	$19.49M
Stock-Based Compensation	$1.57M	$2.18M	$5.46M	$6.81M	$19.66M	$69.09M
Investing Cash Flow	-$195.00K	-$111.00K	-$18.44M	-$241.39M	-$474.17M	-$288.89M
Financing Cash Flow	$2.27M	$51.66M	$394.23M	$414.50M	$968.47M	$2.94M
Net Change in Cash	-$4.59M	$43.14M	$364.84M	$160.38M	$443.00M	-$372.03M

Market Snapshot

About

Ondas Inc. develops wireless technology solutions including mission-critical communications systems and autonomous drone platforms. The company serves utilities, rail, energy, and security markets.