Ondas Inc.
ONDS- Exchange
- Nasdaq
- Industry
- Radio & Tv Broadcasting & Communications Equipment
- SEC CIK
- 0001646188
In the last 90 days, Ondas Inc. insiders filed 0 open-market purchases and 2 sales; 418 institutions reported holding it in 13F filings for Q2 2026, worth $2.30B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 1:49 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2025: $132.2M (260.7% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 16, 2026 | Mar 12, 2025 | Feb 26, 2024 | Feb 14, 2023 | Mar 22, 2022 |
| Revenue | $50.7M | $7.19M | $15.7M | $2.13M | $2.91M |
| Cost of revenue | $30.6M | $6.85M | $9.31M | $1.02M | $1.81M |
| Gross profit | $20.2M | $345.2K | $6.38M | $1.11M | $1.10M |
| Operating expenses | $78.5M | $35.0M | $46.1M | $70.5M | $19.1M |
| Research and development | $20.9M | $12.5M | $17.1M | $24.0M | $5.80M |
| Selling, general and administrative | $44.5M | $17.1M | $21.6M | $23.6M | $11.8M |
| Operating income | -$58.4M | -$34.6M | -$39.7M | -$69.4M | -$18.0M |
| Interest expense | – | – | $4.15M | $3.76M | $575.7K |
| Income tax | $488.0K | – | – | – | -$2.92M |
| Net income | -$132.2M | -$38.0M | -$44.8M | -$73.2M | -$15.0M |
| EPS, basic | $-0.62 | $-0.61 | $-0.88 | $-1.73 | – |
| EPS, diluted | $-0.62 | $-0.61 | $-0.88 | $-1.73 | – |
| Weighted shares, basic | 221.8K | 69.9M | 52.7M | 42.2M | – |
| Weighted shares, diluted | 221.8K | 69.9M | 52.7M | 42.2M | – |
| Margins and growth | |||||
| Gross margin | 39.7% | 4.8% | 40.7% | 52.2% | 37.7% |
| Operating margin | -115.1% | -481.2% | -253.2% | -3266.0% | -618.3% |
| Net margin | -260.7% | -528.4% | -285.8% | -3445.3% | -516.9% |
| Revenue growth, year over year | +605.3% | −54.2% | +638.1% | −26.9% | +34.3% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025! | FY2024! | FY2023! | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 16, 2026 | Mar 12, 2025 | Feb 26, 2024 | Feb 14, 2023 | Mar 22, 2022 |
| Cash and equivalents | $550.7M | $30.0M | – | $29.8M | $40.8M |
| Accounts receivable | $22.4M | $5.22M | $3.43M | $104.3K | $1.21M |
| Inventory | $22.0M | $9.82M | $2.19M | $2.17M | $1.18M |
| Total current assets | $685.9M | $47.5M | $23.6M | $35.8M | $44.7M |
| Property, plant and equipment | $10.2M | $2.59M | $4.18M | $3.10M | $1.03M |
| Goodwill | $251.8M | $27.8M | $27.8M | $25.6M | $45.0M |
| Intangible assets | $136.9M | $27.2M | $31.3M | $28.8M | $25.2M |
| Total assets | $1.13B | $109.6M | $92.2M | $97.9M | $117.4M |
| Accounts payable | $13.9M | $5.66M | $5.18M | $2.97M | $2.41M |
| Total current liabilities | $141.8M | $50.6M | $35.9M | $21.6M | $4.62M |
| Long-term debt | – | $300.0K | – | – | $300.0K |
| Total liabilities | $661.2M | $73.7M | $47.1M | $39.7M | $5.21M |
| Shareholders' equity | $441.8M | $16.6M | $33.1M | $58.2M | $112.2M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 16, 2026 | Mar 12, 2025 | Feb 26, 2024 | Feb 14, 2023 | Mar 22, 2022 |
| Operating cash flow | -$38.7M | -$33.5M | -$34.0M | -$38.0M | -$16.9M |
| Capital expenditures | $2.03M | $1.64M | $211.0K | $2.88M | $923.7K |
| Free cash flow | -$40.8M | -$35.1M | -$34.2M | -$40.8M | -$17.8M |
| Depreciation and amortization | $946.0K | – | $4.99M | $7.57M | $1.51M |
| Stock-based compensation | $16.0M | $1.27M | $1.05M | $5.86M | $3.25M |
| Investing cash flow | -$260.1M | -$1.73M | $536.3K | -$6.93M | -$10.2M |
| Financing cash flow | $862.7M | $50.2M | $18.7M | $33.9M | $41.9M |
| Net change in cash | – | – | – | – | $14.8M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 31.6% | 17.6% | 6.7% | 275.5% | 111.9% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Aug 11, 2026 | 570.6M | +160.3% | SEC |
| May 13, 2026 | 495.8M | +260.7% | SEC |
| Mar 25, 2026 | 467.1M | +341.8% | SEC |
| Nov 10, 2025 | 368.5M | +376.7% | SEC |
| Aug 7, 2025 | 219.2M | +213.3% | SEC |
| May 14, 2025 | 137.4M | +107.4% | SEC |
| Mar 11, 2025 | 105.7M | +61.2% | SEC |
| Nov 11, 2024 | 77.3M | +32.6% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.