Ondas Inc.
ONDS Nasdaq· Radio & Tv Broadcasting & Communications Equipment
Last close · Oct 27, 2026
$6.65
KIRA · Stoqly’s AI analyst, in plain words
- Ondas Inc. had $50.7M of revenue in fiscal 2025, up 605.3% on the year before. Over five years, revenue changed +87.9% a year on average.
- Its operating margin was −115.1%, up 366.1 pts: of every 100 in sales, about −115 is left after running the business.
- Ondas Inc. lost $132M in fiscal 2025.
- Free cash flow was −$40.8M in fiscal 2025, −80.4% of revenue.
Market cap
$3.3B
P/E
—
Revenue
$50.7M
Net income
−$132M
Free cash flow
−$40.8M
Operating margin
−115.1%
Ondas Inc. in 30 seconds · fiscal 2025
Are sales growing?
+605.3%
Yes. Sales grew 605.3% last year.
Does it make a profit?
−260.7%
No. It lost money last year.
Does profit turn into cash?
−80.4%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Ondas Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 30, 2026
- Legal name
- Ondas Inc.
- CIK
- 0001646188
Ondas Inc. · ONDS
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $2.9M | $2.1M | $15.7M | $7.2M | $50.7M |
| Revenue growth | 34.3% | −26.9% | 638.1% | −54.2% | 605.3% |
| Gross margin | 37.7% | 52.2% | 40.7% | 4.8% | 39.7% |
| Operating margin | −618.3% | −3,266.0% | −253.2% | −481.1% | −115.1% |
| Net income | −$15.0M | −$73.2M | −$44.8M | −$38.0M | −$132M |
| Net margin | −516.9% | −3,445.4% | −285.8% | −528.4% | −260.7% |
| Diluted EPS | −$0.44 | −$1.73 | −$0.88 | −$0.61 | −$0.62 |
| Cash | |||||
| Cash from operations | −$16.9M | −$38.0M | −$34.0M | −$33.5M | −$38.7M |
| Capital expenditure | $0.9M | $2.9M | $0.2M | $1.6M | $2.0M |
| Free cash flow | −$17.8M | −$40.8M | −$34.2M | −$35.1M | −$40.8M |
| FCF margin | −613.0% | −1,921.3% | −218.1% | −488.0% | −80.4% |
| Share count change | 67.3% | 23.6% | 24.9% | −99.9% | 217.3% |
| Debt and strength | |||||
| Cash and short-term investments | $40.8M | $29.8M | $15.0M | $30.0M | $572M |
| Debt incl. finance leases | $0.3M | — | — | $0.3M | — |
| Shareholders' equity | $112M | $58.2M | $33.1M | $16.6M | $438M |
| Current ratio | 9.7x | 1.6x | 0.7x | 0.9x | 4.8x |
| Interest coverage | −31.2x | −18.5x | −9.6x | −9.6x | −8.9x |
| Returns and quality | |||||
| Return on capital | −19.8% | — | — | — | — |
| Return on equity | −23.6% | −85.9% | −98.2% | −152.9% | −58.2% |
| Return on tangible equity | −35.7% | −1,952.0% | — | — | −279.3% |
| Piotroski F-score | 3 | 2 | 3 | 4 | 4 |
| Altman Z'' | 21.6 | −7.5 | −10.1 | −9.1 | 2.4 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$44.2M
6 insiders
Of sales under plans
0%
$0.1M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Ondas Inc. · ONDS
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $6.65 a share, the company is worth $3.3B.
Source: SEC EDGAR XBRL filings (CIK 0001646188). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.