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Ondas Holdings Inc.(ONDS)Earnings, Financials & Key Ratios
ONDS•NASDAQ
$9.34
$653M mkt cap·Price updated May 6, 2026
AboutOndas Holdings Inc., through its subsidiaries, provides private wireless, drone, and automated data solutions. The company operates in two segments, Ondas Networks and American Robotics. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks. Its FullMAX SDR platform enables secure and reliable industrial-grade connectivity for truly mission-critical applications. The company also offers Scout Drone, an AI-powered drone with imaging payloads; the ScoutBase, a ruggedized base station for housing, charging, data processing, and cloud transfer; and ScoutView, an American robotics analytics and user interface software package. It serves users in rail, energy, mining, agriculture, and critical infrastructure markets in the United States and internationally. The company is headquartered in Waltham, Massachusetts.Show more
- Revenue$7M-54.2%
- EBITDA-$29M+14.1%
- Net Income-$38M+15.2%
- EPS (Diluted)-0.61+30.7%
- Gross Margin4.8%-88.2%
- EBITDA Margin-402.42%-87.5%
- Operating Margin-481.17%-90.0%
- Net Margin-528.42%-84.9%
- ROE-93.85%-8.1%
- ROIC-39.43%+15.8%
- Debt/Equity1.68+114.2%
- Interest Coverage-9.56
ONDS Key Insights
Ondas Holdings Inc. (ONDS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 87 (top 13%)
- ✓Strong 5Y sales CAGR of 86.3%
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Shares diluted 32.6% in last year
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 18.2x book value
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ONDS Price & Volume
Ondas Holdings Inc. (ONDS) stock price & volume — 10-year historical chart
Loading chart...
ONDS Growth Metrics
Ondas Holdings Inc. (ONDS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years13.57%
5 Years86.31%
3 Years35.26%
TTM208.4%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-2.1%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM44.44%
Return on Capital
10 Years-153.43%
5 Years-153.43%
3 Years-64.78%
Last Year-60.05%
ONDS Recent Earnings
Ondas Holdings Inc. (ONDS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Mar 23, 2026EPS
$0.39
Est $0.06
-550.0%
Revenue
$30M
Est $28M
+8.2%
Q4 2025
Nov 13, 2025EPS
$0.06
Est $0.04
-54.6%
Revenue
$10M
Est $7M
+43.6%
Q3 2025
Aug 12, 2025EPS
$0.08
Est $0.11
+27.3%
Revenue
$6M
Est $7M
-9.4%
Q2 2025
May 15, 2025EPS
$0.15
Est $0.11
-36.4%
Revenue
$4M
Est $4M
-2.5%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 23, 2026 | $0.39vs $0.06-550.0% | $30Mvs $28M+8.2% |
| Q4 2025 | Nov 13, 2025 | $0.06vs $0.04-54.6% | $10Mvs $7M+43.6% |
| Q3 2025 | Aug 12, 2025 | $0.08vs $0.11+27.3% | $6Mvs $7M-9.4% |
| Q2 2025 | May 15, 2025 | $0.15vs $0.11-36.4% | $4Mvs $4M-2.5% |
Based on last 12 quarters of dataView full earnings history →
ONDS Peer Comparison
Ondas Holdings Inc. (ONDS) competitors in Wireless Access and Backhaul Equipment — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AVAV | 8.71B | 174.37 | 112.50 | 14.5% | -13.93% | -6.41% | 0.07 | |
 KTOS | 11.53B | 61.52 | 473.23 | 18.52% | 2.08% | 1.26% | 0.09 | |
 RCAT | 1.05B | 10.62 | -17.70 | 459.81% | -227.71% | -33.59% | 0.07 | |
 JOBY | 10.34B | 10.52 | -9.31 | 391.83% | -12.33% | -74.18% | 0.04 | |
 ACHR | 4.77B | 6.41 | -6.47 | -2060.67% | -37.76% | 0.02 | ||
 SWBI | 663.41M | 14.91 | 49.70 | -11.42% | 2.47% | 3.28% | 0.31 | |
 UAVS | 1.28M | 1.12 | -0.02 | -2.54% | -153.64% | -68.52% | ||
 EDBL | 85.63K | 0.39 | -0.01 | -1.37% | -115.44% | -112.13% | 0.93 |
Compare ONDS vs Peers
Ondas Holdings Inc. (ONDS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ONDS Income Statement
Ondas Holdings Inc. (ONDS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 5.51K | 2.85K | 190.03K | 320.38K | 2.16M | 2.91M | 2.13M | 15.69M | 7.19M | 24.75M |
| Revenue Growth % | 41.66% | -48.37% | 6577.06% | 68.6% | 575.35% | 34.34% | -26.87% | 638.14% | -54.16% | 208.4% |
| Cost of Goods Sold | 12.42K | 9.07K | 39.37K | 79.13K | 1.24M | 1.81M | 1.02M | 9.31M | 6.85M | 16.44M |
| COGS % of Revenue | 225.36% | 318.8% | 20.72% | 24.7% | 57.13% | 62.3% | 47.82% | 59.33% | 95.2% | - |
| Gross Profit | -6.91K▲ 0% | -6.23K▲ 9.9% | 150.66K▲ 2519.5% | 241.26K▲ 60.1% | 927.67K▲ 284.5% | 1.1M▲ 18.1% | 1.11M▲ 1.2% | 6.38M▲ 475.3% | 345.18K▼ 94.6% | 8.31M▲ 0% |
| Gross Margin % | -125.36% | -218.8% | 79.28% | 75.3% | 42.87% | 37.7% | 52.18% | 40.67% | 4.8% | 33.57% |
| Gross Profit Growth % | -355.2% | 9.88% | 2519.53% | 60.13% | 284.51% | 18.13% | 1.22% | 475.31% | -94.59% | - |
| Operating Expenses | 27.67K | 38.44K | 8.59M | 15.61M | 12.45M | 19.07M | 70.54M | 46.11M | 34.95M | 51.89M |
| OpEx % of Revenue | 502% | 1350.53% | 4518.36% | 4873.29% | 575.47% | 656.04% | 3318.19% | 293.86% | 485.97% | - |
| Selling, General & Admin | 27.61K | 38.1K | 5.51M | 10.2M | 8.87M | 13.27M | 27.08M | 27.47M | 22.48M | 36.54M |
| SG&A % of Revenue | 500.83% | 1338.72% | 2899.4% | 3182.68% | 409.71% | 456.48% | 1273.63% | 175.03% | 312.51% | - |
| Research & Development | 1.38M | 1M | 3.08M | 5.42M | 3.59M | 5.8M | 24.04M | 17.15M | 12.48M | 15.35M |
| R&D % of Revenue | 25035.87% | 35229.27% | 1618.96% | 1690.61% | 165.76% | 199.55% | 1131.05% | 109.26% | 173.46% | - |
| Other Operating Expenses | 64 | 336 | 4.42K | 0 | 0 | 0 | 19.42M | 1.5M | 0 | 0 |
| Operating Income | -34.58K▲ 0% | -44.66K▼ 29.2% | -8.44M▼ 18787.1% | -15.37M▼ 82.2% | -11.52M▲ 25.0% | -17.97M▼ 56.0% | -69.43M▼ 286.3% | -39.73M▲ 42.8% | -34.61M▲ 12.9% | -43.58M▲ 0% |
| Operating Margin % | -627.36% | -1569.33% | -4439.08% | -4797.99% | -532.6% | -618.34% | -3266.02% | -253.19% | -481.17% | -176.09% |
| Operating Income Growth % | -74.87% | -29.16% | -18787.07% | -82.23% | 25.03% | -55.97% | -286.29% | 42.78% | 12.89% | - |
| EBITDA | -15.81K | -31.22K | -8.38M | -15.31M | -11.13M | -16.16M | -64.58M | -33.68M | -28.94M | -37.79M |
| EBITDA Margin % | -286.83% | -1097.12% | -4410.06% | -4778.37% | -514.2% | -555.88% | -3037.7% | -214.62% | -402.42% | -152.7% |
| EBITDA Growth % | -3235.44% | -97.5% | -26739.59% | -82.68% | 27.32% | -45.23% | -299.65% | 47.85% | 14.05% | -14.49% |
| D&A (Non-Cash Add-back) | 18.77K | 13.44K | 55.14K | 62.85K | 397.95K | 1.82M | 4.85M | 6.05M | 5.66M | 5.79M |
| EBIT | -34.58K | -44.66K | -9.43M | -16.46M | -11.54M | -17.37M | -69.48M | -40.69M | -34.39M | -35.26M |
| Net Interest Income | 0 | 0 | -2.65M | -2.93M | -1.94M | -564.11K | -3.74M | -4.03M | -3.39M | -4.76M |
| Interest Income | 0 | 0 | 18.15K | 1.86K | 251 | 11.58K | 25.54K | 123.87K | 234.93K | 2.37M |
| Interest Expense | 0 | 0 | 2.66M | 2.93M | 1.94M | 575.68K | 3.76M | 4.15M | 3.62M | 7.14M |
| Other Income/Expense | 0 | 0 | -3.66M | -4.02M | -1.95M | 27.79K | -3.81M | -5.12M | -3.4M | 1.19M |
| Pretax Income | -34.58K▲ 0% | -44.66K▼ 29.2% | -12.1M▼ 26984.8% | -19.39M▼ 60.3% | -13.48M▲ 30.5% | -17.95M▼ 33.2% | -73.24M▼ 308.1% | -44.84M▲ 38.8% | -38.01M▲ 15.2% | -42.4M▲ 0% |
| Pretax Margin % | -627.36% | -1569.33% | -6365.8% | -6052.17% | -622.9% | -617.38% | -3445.35% | -285.79% | -528.42% | -171.3% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | -2.92M | 0 | 0 | 0 | 307.46K |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 16.28% | 0% | 0% | 0% | -0.73% |
| Net Income | -34.58K▲ 0% | -44.66K▼ 29.2% | -12.1M▼ 26984.8% | -19.39M▼ 60.3% | -13.48M▲ 30.5% | -15.02M▼ 11.5% | -73.24M▼ 387.5% | -44.84M▲ 38.8% | -38.01M▲ 15.2% | -42.69M▲ 0% |
| Net Margin % | -627.36% | -1569.33% | -6365.8% | -6052.17% | -622.9% | -516.86% | -3445.35% | -285.79% | -528.42% | -172.49% |
| Net Income Growth % | -74.87% | -29.16% | -26984.75% | -60.29% | 30.49% | -11.47% | -387.5% | 38.77% | 15.25% | -2.1% |
| Net Income (Continuing) | -34.58K | -44.66K | -12.1M | -19.39M | -13.48M | -15.02M | -73.24M | -44.84M | -38.01M | -42.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.92M | 19.36M | 24.3M |
| EPS (Diluted) | -0.00▲ 0% | -0.00▼ 27.8% | -0.72▼ 31204.3% | -1.27▼ 76.4% | -0.66▲ 48.0% | -0.44▲ 33.3% | -1.73▼ 293.2% | -0.88▲ 49.1% | -0.61▲ 30.7% | -0.16▲ 0% |
| EPS Growth % | - | - | - | -76.39% | 48.03% | 33.33% | -293.18% | 49.13% | 30.68% | 44.44% |
| EPS (Basic) | -0.00 | -0.00 | -0.72 | -1.27 | -0.66 | -0.44 | -1.73 | -0.88 | -0.61 | - |
| Diluted Shares Outstanding | 19.2M | 19.2M | 16.82M | 17.57M | 20.43M | 34.18M | 42.24M | 52.74M | 69.92M | 259.91M |
| Basic Shares Outstanding | 19.2M | 19.2M | 16.82M | 17.57M | 20.43M | 34.18M | 42.24M | 52.74M | 69.92M | 259.91M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
ONDS Balance Sheet
Ondas Holdings Inc. (ONDS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 5.66K | 8.13K | 2.04M | 3.3M | 27.89M | 44.66M | 35.8M | 23.61M | 47.52M | 478.88M |
| Cash & Short-Term Investments | 2.38K | 3.41K | 1.13M | 2.15M | 26.06M | 40.82M | 29.78M | 14.98M | 29.96M | 451.63M |
| Cash Only | 2.38K | 3.41K | 1.13M | 2.15M | 26.06M | 40.82M | 29.78M | 14.98M | 29.96M | 432.82M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.81M |
| Accounts Receivable | 1.82K | 649 | 74.73K | 20.21K | 47.65K | 1.21M | 2.1M | 4.52M | 5.48M | 10.52M |
| Days Sales Outstanding | 120.39 | 83.23 | 143.55 | 23.03 | 8.04 | 152.34 | 361.3 | 105.17 | 278.16 | 104.51 |
| Inventory | 1.46K | 4.07K | 347.94K | 427.52K | 1.15M | 1.18M | 2.17M | 2.19M | 9.82M | 12.52M |
| Days Inventory Outstanding | 42.9 | 163.65 | 3.23K | 1.97K | 340.21 | 237.5 | 780.16 | 85.73 | 523.54 | 244.68 |
| Other Current Assets | 0 | 0 | 220.26K | 478.81K | 0 | 0 | 643.38K | 441.11K | 385.61K | 1.13M |
| Total Non-Current Assets | 0 | 12.86K | 619.79K | 962.16K | 622.26K | 72.78M | 62.14M | 68.56M | 62.1M | 71.27M |
| Property, Plant & Equipment | 0 | 12.86K | 502.15K | 583.66K | 214.15K | 1.87M | 5.95M | 8.88M | 6.51M | 7.13M |
| Fixed Asset Turnover | - | 0.22x | 0.38x | 0.55x | 10.10x | 1.56x | 0.36x | 1.77x | 1.11x | 3.61x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 45.03M | 25.61M | 27.75M | 27.75M | 34.77M |
| Intangible Assets | 0 | 0 | 53.29K | 326.34K | 379.53K | 25.17M | 28.86M | 31.33M | 27.18M | 28.12M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 500K | 1.5M | 0 | 0 | 587.25K |
| Other Non-Current Assets | 0 | 0 | 64.36K | 52.15K | 28.58K | 218.21K | 218.21K | 599.52K | 663.07K | 2.73M |
| Total Assets | 5.66K▲ 0% | 8.13K▲ 43.6% | 2.66M▲ 32649.1% | 4.26M▲ 60.2% | 28.51M▲ 568.7% | 117.44M▲ 311.9% | 97.95M▼ 16.6% | 92.16M▼ 5.9% | 109.62M▲ 18.9% | 550.15M▲ 0% |
| Asset Turnover | 0.97x | 0.35x | 0.07x | 0.08x | 0.08x | 0.02x | 0.02x | 0.17x | 0.07x | 0.11x |
| Asset Growth % | -29.6% | 43.59% | 32649.12% | 60.19% | 568.74% | 311.9% | -16.6% | -5.9% | 18.94% | 703.58% |
| Total Current Liabilities | 60.5K | 85.63K | 17.25M | 16.06M | 12.49M | 4.62M | 22.73M | 35.94M | 50.58M | 31.31M |
| Accounts Payable | 8K | 8.5K | 1.11M | 2.32M | 2.37M | 2.41M | 2.97M | 5.18M | 5.66M | 8.38M |
| Days Payables Outstanding | 235.07 | 341.95 | 10.31K | 10.71K | 699.32 | 485.96 | 1.06K | 202.96 | 301.68 | 129.33 |
| Short-Term Debt | 52.5K | 77.13K | 13.95M | 10.11M | 7.06M | 719.31K | 15.85M | 25.69M | 38.36M | 11.02M |
| Deferred Revenue (Current) | 0 | -1.05M | 20.63K | 378.85K | 165.03K | 0 | 61.51K | 797.6K | 717.78K | 11.21M |
| Other Current Liabilities | 0 | 0 | 20.63K | 634.6K | 479.71K | 512.4K | 0 | 0 | 0 | 537.42K |
| Current Ratio | 0.09x | 0.09x | 0.12x | 0.21x | 2.23x | 9.66x | 1.58x | 0.66x | 0.94x | 0.94x |
| Quick Ratio | 0.07x | 0.05x | 0.10x | 0.18x | 2.14x | 9.40x | 1.48x | 0.60x | 0.75x | 0.75x |
| Cash Conversion Cycle | -71.78 | -95.06 | -6.94K | -8.72K | -351.07 | -96.12 | 76.67 | -12.07 | 500.02 | 219.86 |
| Total Non-Current Liabilities | 0 | 2.78M | 300K | 633.61K | 942.87K | 581.83K | 17M | 11.17M | 23.1M | 8.47M |
| Long-Term Debt | 0 | 0 | 300K | 539.92K | 906.54K | 300K | 14.5M | 3.11M | 15.87M | 300K |
| Capital Lease Obligations | 0 | 0 | 0 | 52.45K | 0 | 241.68K | 2.46M | 5.8M | 4.96M | 20.18M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 867.48K |
| Other Non-Current Liabilities | 0 | 0 | 0 | 41.24K | 36.33K | 40.15K | 40.97K | 26.84K | 102.54K | 429.41K |
| Total Liabilities | 60.5K | 85.63K | 17.55M | 16.69M | 13.43M | 5.21M | 39.72M | 47.11M | 73.68M | 39.78M |
| Total Debt | 52.5K | 77.13K | 14.25M | 11.19M | 8.03M | 1.81M | 33.39M | 35.29M | 60.31M | 17.97M |
| Net Debt | 50.12K | 73.72K | 13.12M | 9.04M | -18.03M | -39M | 3.61M | 20.31M | 30.35M | -414.85M |
| Debt / Equity | - | - | - | - | 0.53x | 0.02x | 0.57x | 0.78x | 1.68x | 1.68x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.48x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | 10.98x |
| Interest Coverage | - | - | -3.17x | -5.25x | -5.95x | -31.22x | -18.46x | -9.56x | -9.56x | -4.94x |
| Total Equity | -54.84K▲ 0% | -77.51K▼ 41.3% | -14.88M▼ 19104.6% | -12.43M▲ 16.5% | 15.08M▲ 221.3% | 112.23M▲ 644.1% | 58.22M▼ 48.1% | 45.06M▼ 22.6% | 35.94M▼ 20.2% | 510.37M▲ 0% |
| Equity Growth % | -170.66% | -41.32% | -19104.65% | 16.49% | 221.35% | 644.07% | -48.12% | -22.61% | -20.22% | 1666.71% |
| Book Value per Share | -0.00 | -0.00 | -0.88 | -0.71 | 0.74 | 3.28 | 1.38 | 0.85 | 0.51 | 1.96 |
| Total Shareholders' Equity | -54.84K | -77.51K | -14.88M | -12.43M | 15.08M | 112.23M | 58.22M | 33.14M | 16.58M | 486.08M |
| Common Stock | 300 | 576 | 5.05K | 5.93K | 2.65K | 4.1K | 4.41K | 6.19K | 9.32K | 32.95K |
| Retained Earnings | -55.14K | -99.81K | -32.38M | -51.77M | -65.25M | -80.27M | -153.52M | -198.36M | -236.37M | -268.72M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | -178.8K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.92M | 19.36M | 24.3M |
ONDS Cash Flow Statement
Ondas Holdings Inc. (ONDS) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -28.99K | -45.6K | -8.52M | -14.66M | -7.53M | -16.9M | -37.96M | -34.02M | -33.47M | -33.47M |
| Operating CF Margin % | -525.98% | -1602.32% | -4482.09% | -4577.14% | -348.21% | -581.24% | -1785.81% | -216.8% | -465.33% | - |
| Operating CF Growth % | -40.46% | -57.29% | -18577.39% | -72.17% | 48.62% | -124.25% | -124.69% | 10.39% | 1.62% | -42.37% |
| Net Income | -34.58K | -44.66K | -12.1M | -19.39M | -13.48M | -15.02M | -73.24M | -44.84M | -38.01M | -42.69M |
| Depreciation & Amortization | 18.77K | 13.44K | 55.14K | 62.85K | 397.95K | 1.82M | 4.85M | 6.05M | 5.66M | 5.79M |
| Stock-Based Compensation | 253.27K | 1.17K | 0 | 938.05K | 4.68M | 3.25M | 5.86M | 1.05M | 1.27M | 9.49M |
| Deferred Taxes | 0 | 0 | 0 | 782.44K | 0 | -2.92M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -5.59K | 939 | 1.84M | 119.11K | 783.34K | -347.34K | 23.36M | 8.69M | 3.17M | 282.72K |
| Working Capital Changes | 5.59K | -939 | 1.69M | 2.82M | 85.97K | -3.67M | 1.21M | -4.97M | -5.56M | -6.98M |
| Change in Receivables | -1.82K | 1.17K | 9.33K | 10.23K | -27.43K | -1.15M | 1.11M | -4.26M | -2.89M | -3.43M |
| Change in Inventory | 1.41K | -2.61K | -174.62K | -79.59K | -297.9K | -126.49K | -994.67K | 1.48M | -5.47M | -3.71M |
| Change in Payables | 6K | 500 | 316.17K | 1.21M | 46K | -86.66K | 554.74K | 1.24M | 1.16M | 2.82M |
| Cash from Investing | 0 | 0 | -629.68K | -354.82K | -16.14K | -10.21M | -6.93M | 536.27K | -1.73M | -18.82M |
| Capital Expenditures | 0 | 0 | -597.72K | -352.05K | -8.6K | -923.72K | -2.88M | -211.03K | -1.64M | -467.33K |
| CapEx % of Revenue | - | - | 314.54% | 109.88% | 0.4% | 31.78% | 135.52% | 1.34% | 22.75% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | -6.52M | 0 | 914.45K | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -31.96K | -2.77K | -7.54K | -2.27M | -3.05M | -167.15K | -95.28K | -18.35M |
| Cash from Financing | 26.2K | 46.63K | 9.82M | 16.04M | 31.46M | 41.86M | 33.86M | 18.73M | 50.18M | 483.46M |
| Debt Issued (Net) | 26.2K | 24.63K | 9.97M | 10M | -4.01M | -7.12M | 27.7M | 3.81M | 38.42M | 36.48M |
| Equity Issued (Net) | 0 | 22K | 1.44K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1.98M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -3.26K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | -155.65K | -67.35K | 0 | 1.46M | 64.91K | 223.51K | 80.16K | 24.7M |
| Net Change in Cash | -2.79K▲ 0% | 1.03K▲ 136.8% | 673.85K▲ 65449.1% | 1.02M▲ 51.8% | 23.91M▲ 2236.6% | 14.75M▼ 38.3% | -11.04M▼ 174.8% | -14.75M▼ 33.6% | 14.98M▲ 201.5% | 430.52M▲ 0% |
| Free Cash Flow | -28.99K▲ 0% | -45.6K▼ 57.3% | -9.11M▼ 19888.1% | -15.02M▼ 64.7% | -7.57M▲ 49.6% | -17.92M▼ 136.6% | -40.89M▼ 128.2% | -34.3M▲ 16.1% | -35.2M▼ 2.6% | -34.7M▲ 0% |
| FCF Margin % | -525.98% | -1602.32% | -4796.63% | -4687.03% | -350.04% | -616.6% | -1923.66% | -218.59% | -489.43% | -140.19% |
| FCF Growth % | -40.46% | -57.29% | -19888.12% | -64.74% | 49.56% | -136.64% | -128.16% | 16.12% | -2.63% | -5.06% |
| FCF per Share | -0.00 | -0.00 | -0.54 | -0.85 | -0.37 | -0.52 | -0.97 | -0.65 | -0.50 | -0.50 |
| FCF Conversion (FCF/Net Income) | 0.84x | 1.02x | 0.70x | 0.76x | 0.56x | 1.12x | 0.52x | 0.76x | 0.88x | 0.81x |
| Interest Paid | 0 | 0 | 0 | 0 | 337.1K | 1.04M | 14.19K | 176.54K | 21.8K | 13.08K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.66K |
ONDS Key Ratios
Ondas Holdings Inc. (ONDS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | - | - | -1015.91% | -23.6% | -85.94% | -86.84% | -93.85% | -8.36% |
| Return on Invested Capital (ROIC) | - | - | - | - | - | -38.36% | -77.11% | -46.85% | -39.43% | -39.43% |
| Gross Margin | -125.36% | -218.8% | 79.28% | 75.3% | 42.87% | 37.7% | 52.18% | 40.67% | 4.8% | 33.57% |
| Net Margin | -627.36% | -1569.33% | -6365.8% | -6052.17% | -622.9% | -516.86% | -3445.35% | -285.79% | -528.42% | -172.49% |
| Debt / Equity | - | - | - | - | 0.53x | 0.02x | 0.57x | 0.78x | 1.68x | 1.68x |
| Interest Coverage | - | - | -3.17x | -5.25x | -5.95x | -31.22x | -18.46x | -9.56x | -9.56x | -4.94x |
| FCF Conversion | 0.84x | 1.02x | 0.70x | 0.76x | 0.56x | 1.12x | 0.52x | 0.76x | 0.88x | 0.81x |
| Revenue Growth | 41.66% | -48.37% | 6577.06% | 68.6% | 575.35% | 34.34% | -26.87% | 638.14% | -54.16% | 208.4% |
ONDS SEC Filings & Documents
Ondas Holdings Inc. (ONDS) SEC filings — annual & quarterly reports (10-K, 10-Q)
10-K Annual Reports
1FY 2026
Mar 30, 2026·SEC
ONDS Frequently Asked Questions
Ondas Holdings Inc. (ONDS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Ondas Holdings Inc. (ONDS) reported $24.7M in revenue for fiscal year 2024. This represents a 1128% increase from $2.0M in 2014.
Ondas Holdings Inc. (ONDS) saw revenue decline by 54.2% over the past year.
Ondas Holdings Inc. (ONDS) reported a net loss of $42.7M for fiscal year 2024.
Dividend & Returns
Ondas Holdings Inc. (ONDS) has a return on equity (ROE) of -93.8%. Negative ROE indicates the company is unprofitable.
Ondas Holdings Inc. (ONDS) had negative free cash flow of $34.7M in fiscal year 2024, likely due to heavy capital investments.
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