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Ondas Holdings Inc. (ONDS) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · COMMUNICATION EQUIPMENT · DATA UPDATED 2026-08-18

Ondas Holdings Inc. (ONDS) operates in the COMMUNICATION EQUIPMENT industry and is headquartered in West Palm Beach, United States with about 459 employees. Its market capitalization is roughly $4 billion. In the fiscal year ended 2025-12-31, ONDS reported $51M in revenue and ($132M) in net income.

Ondas Inc. provides private wireless, drone, and automated data solutions in the United States and internationally. It operates through the Ondas Networks and Ondas Autonomous Systems segments.

Interactive charts & full statements → Open the ONDS valuation workbench →

ONDS Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31
Total Revenue	$174M	$51M	$7M	$16M	$2M	$3M	$2M	$0M	$0M	$0M	$0M	$0M	$2M
Gross Profit	$77M	$20M	$0M	$6M	$1M	$1M	$1M	$0M	$0M	$0M	$0M	$0M	$1M
Gross Margin %	44.2%	39.7%	4.8%	40.7%	52.2%	37.7%	42.9%	75.3%	79.3%	-218.8%	-125.4%	-39.0%	53.7%
Operating Income (EBIT)	($245M)	($58M)	($35M)	($40M)	($69M)	($18M)	($12M)	($15M)	($8M)	$0M	$0M	$0M	($1M)
Operating Margin %	-140.8%	-115.1%	-481.1%	-253.2%	-3266.0%	-618.3%	-532.6%	-4798.0%	-4439.1%	-1569.3%	-627.4%	-508.2%	-70.3%
Net Income	$168M	($132M)	($38M)	($45M)	($73M)	($15M)	($13M)	($19M)	($12M)	$0M	$0M	$0M	($2M)
Net Margin %	96.5%	-260.2%	-528.4%	-285.8%	-3445.3%	-516.9%	-622.9%	-6052.2%	-6365.8%	-1569.3%	-627.4%	-508.2%	-77.3%
EBITDA	$59M	($118M)	($29M)	($35M)	($65M)	($16M)	($11M)	($16M)	($9M)	$0M	$0M	$0M	($1M)
Earnings Per Share (EPS)	$0.32	$-0.60	$-0.54	$-0.85	$-1.73	$-0.44	$-0.66	$-1.10	$-0.72	$-0.00	$-0.00	$-0.00	$-1.02
Shares Outstanding (M)	504M	222M	70M	53M	42M	34M	20M	18M	17M	19M	19M	—	2M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ONDS Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$84M	$50M	$30M	$10M	$6M	$4M	$4M	$1M
Gross Profit	$36M	$25M	$13M	$3M	$3M	$1M	$1M	$0M
Gross Margin %	43.1%	49.2%	42.3%	25.8%	53.1%	35.0%	21.4%	3.2%
Operating Income (EBIT)	($163M)	($43M)	($23M)	($16M)	($9M)	($10M)	($9M)	($9M)
Operating Margin %	-194.5%	-85.1%	-77.5%	-153.5%	-147.4%	-242.7%	-206.3%	-584.9%
Net Income	($88M)	$363M	($100M)	($7M)	($11M)	($14M)	($10M)	($10M)
Net Margin %	-105.3%	724.1%	-331.0%	-74.0%	-171.4%	-332.8%	-250.3%	-643.3%
EBITDA	($208M)	$369M	($97M)	($5M)	($8M)	($9M)	($8M)	($7M)
Earnings Per Share (EPS)	$-0.18	$0.79	$-0.26	$-0.03	$-0.07	$-0.13	$-0.13	$-0.13
Shares Outstanding (M)	504M	462M	381M	260M	151M	105M	80M	71M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ONDS Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31
Cash from Operations (CFO)	($161M)	($39M)	($33M)	($34M)	($38M)	($17M)	($8M)	($15M)	($9M)	$0M	$0M	$0M	($1M)
Capital Expenditures (CapEx)	$9M	$2M	$2M	$0M	$3M	$1M	$0M	$0M	$1M	$0M	$0M	$0M	$0M
Free Cash Flow (FCF)	($171M)	($41M)	($35M)	($34M)	($41M)	($18M)	($8M)	($15M)	($9M)	$0M	$0M	$0M	($1M)
FCF Margin %	-98.3%	-80.6%	-489.4%	-218.6%	-1923.7%	-616.6%	-350.0%	-4687.0%	-4796.6%	-1602.3%	-526.0%	-530.5%	-65.4%
Dividends Paid	—	$2M	$2M	$1M	—	—	—	—	—	—	—	—	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ONDS Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	($86M)	($51M)	($13M)	($11M)	($8M)	($7M)	($8M)	($9M)
Capital Expenditures (CapEx)	$8M	$1M	$0M	$0M	$0M	$0M	$0M	$1M
Free Cash Flow (FCF)	($94M)	($53M)	($13M)	($11M)	($9M)	($7M)	($8M)	($10M)
FCF Margin %	-112.0%	-105.0%	-43.2%	-110.4%	-135.7%	-161.3%	-198.1%	-659.2%
Dividends Paid	—	—	—	$1M	$0M	$0M	$0M	$1M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ONDS Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31
Total Assets	$3.0B	$1.1B	$110M	$92M	$98M	$117M	$29M	$4M	$3M	$0M	$0M	$0M	$1M
Cash & Cash Equivalents	$658M	$594M	$30M	$15M	$30M	$41M	$26M	$2M	$1M	$0M	$0M	$0M	—
Total Liabilities	$1.4B	$661M	$74M	$47M	$40M	$5M	$13M	$17M	$18M	$0M	$0M	$0M	$3M
Total Debt (Short + Long-Term)	$2M	$12M	$55M	$29M	$32M	$2M	$8M	$11M	$14M	$0M	$0M	$0M	$1M
Total Shareholders' Equity	$1.6B	$437M	$17M	$33M	$58M	$112M	$15M	($12M)	($15M)	$0M	$0M	$0M	($2M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive ONDS viewer.

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