Ondas (ONDS)

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Ondas Inc. is a technology company that provides private wireless networking systems and autonomous drone solutions for industrial, commercial, and government customers. The business is organised around two main segments: Ondas Networks and Ondas Autonomous Systems. Together, these units target markets that require secure, reliable connectivity and automated data collection in environments where conventional consumer-grade communications or manual inspection methods may be inadequate.

Ondas Networks develops FullMAX, a software-defined radio platform used for mission-critical industrial communications. The technology is associated with private broadband wireless networks and is aimed at sectors such as rail, utilities, energy, and other infrastructure-heavy industries. These customers often require dedicated networks capable of supporting operational data, remote monitoring, and machine-to-machine communications over large geographic areas.

Ondas Autonomous Systems focuses on automated aerial platforms, including the Optimus system, with revenue generated from system sales as well as support, maintenance, and related services. Autonomous drones can be used for security, inspection, public safety, and monitoring applications, particularly where repeatable, remote, or rapid-response aerial operations are valuable. This segment accounts for the company’s largest revenue contribution.

Ondas operates internationally, with activity in markets including Israel, Germany, the United Arab Emirates, the United States, and other countries. Israel represents its largest revenue source. As a listed small-cap technology stock, ONDS is tied to the adoption of industrial private networks and drone automation, as well as the company’s ability to convert specialised technology into recurring commercial deployments.

10.43 USD
10.24 USD
−1.54 (-12.87%)
After-hours

Last updated

Market Cap
5.32B
P/E
39.12
P/FCF
P/S
55.03
Enterprise Value
4.29B
Sector
Communication Services
Industry
Radio and Television Broadcasting and Communications Equipment
Address
222 LAKEVIEW AVENUE, WEST PALM BEACH, FL, 33401
Market Cap
5.32B
Enterprise Value
4.29B
P/E
39.12
P/B
4.95
P/S
55.03
EV / EBITDA
-54.4
EV / Sales
44.46
EPS
0.27
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-86.58M
ROE
12.65%
ROA
5.57%
Debt / Equity
0
Current Ratio
10.84
Quick Ratio
10.61
Cash
6.87
Avg Volume
76.77M
Fundamentals Snapshot Price
10.43

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 50.12M 30.11M 10.1M 6.27M 4.25M
Gross profit 24.66M 12.73M 2.6M 3.33M 1.49M
Operating income -42.67M -23.32M -15.5M -9.25M -10.31M
EBITDA -36.38M -20.34M -14.22M -8M -9.07M
Net income 257.74M -101.03M -8.78M -12.02M -15.34M
Basic EPS 0.58 -0.41 -0.03 -0.08 -0.15
Diluted EPS 0.56 -0.41 -0.03 -0.08 -0.15

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 2.44B 1.13B 550.15M 151.95M 104.6M
Total liabilities 1.36B 661.23M 39.78M 39.29M 57.95M
Total equity 1.08B 441.82M 487.22M 90.82M 26.08M
Cash & equivalents 1.03B 550.74M 432.82M 67.57M 25.36M
Current assets 1.62B 642.29M 478.3M 90.23M 43.35M
Current liabilities 149.32M 141.82M 31.31M 31.49M 50.42M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -51.3M -12.73M -10.95M -8.4M -6.66M
Investing cash flow -474.17M -241.39M -18.44M -110.8K -195K
Financing cash flow 968.47M 414.5M 394.23M 51.66M 2.27M
Change in cash 443M 160.38M 364.84M 43.14M -4.59M
Kind Filing Date Link
edgar index 424B7 — Ondas Inc. View Filing
edgar index 8-K — Ondas Inc. View Filing
eight k text 8-K — 8-K View Filing
edgar index 144 — Ondas Inc. View Filing
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edgar index 4 — Ondas Inc. View Filing
form 4 Form 4 — LAIRD NEIL J View Filing
form 4 Form 4 — Brock Eric A View Filing
form 4 Form 4 — Brock Eric A View Filing
form 4 Form 4 — Brock Eric A View Filing
edgar index 424B7 — Ondas Inc. View Filing
edgar index 8-K — Ondas Inc. View Filing
edgar index 4 — Ondas Inc. View Filing
edgar index 4 — Ondas Inc. View Filing
edgar index 4 — Ondas Inc. View Filing
eight k text 8-K — 8-K View Filing
edgar index 424B7 — Ondas Inc. View Filing
edgar index 8-K — Ondas Inc. View Filing
edgar index 8-K — Ondas Inc. View Filing
edgar index S-8 — Ondas Inc. View Filing
eight k text 8-K — 8-K View Filing
eight k text 8-K — 8-K View Filing
form 4 Form 4 — COHEN RICHARD M View Filing
form 4 Form 4 — Seidl Randy View Filing
form 4 Form 4 — SOOD JASPREET K View Filing
edgar index 424B7 — Ondas Inc. View Filing
edgar index 8-K — Ondas Inc. View Filing
edgar index DEFA14A — Ondas Inc. View Filing
edgar index 4 — Ondas Inc. View Filing
eight k text 8-K — 8-K View Filing
edgar index 8-K — Ondas Inc. View Filing
edgar index 424B7 — Ondas Inc. View Filing
edgar index 4 — Ondas Inc. View Filing
edgar index 4 — Ondas Inc. View Filing
edgar index 4 — Ondas Inc. View Filing
edgar index 4 — Ondas Inc. View Filing
eight k text 8-K — 8-K View Filing
edgar index 144 — Ondas Inc. View Filing
edgar index 144 — Ondas Inc. View Filing
edgar index 144 — Ondas Inc. View Filing
edgar index 144 — Ondas Inc. View Filing
form 4 Form 4 — COHEN RICHARD M View Filing
form 4 Form 4 — COHEN RICHARD M View Filing
form 4 Form 4 — COHEN RICHARD M View Filing
form 4 Form 4 — COHEN RICHARD M View Filing
form 4 Form 4 — COHEN RICHARD M View Filing
form 4 Form 4 — Huston Robert Patrick View Filing
form 4 Form 4 — Huston Robert Patrick View Filing
form 4 Form 4 — LAIRD NEIL J View Filing
form 4 Form 4 — SOOD JASPREET K View Filing
form 4 Form 4 — SOOD JASPREET K View Filing
form 4 Form 4 — SOOD JASPREET K View Filing
form 4 Form 4 — SOOD JASPREET K View Filing
edgar index 144 — Ondas Inc. View Filing
form 4 Form 4 — Seidl Randy View Filing
edgar index 424B7 — Ondas Inc. View Filing
edgar index 8-K — Ondas Inc. View Filing
edgar index 8-K — Ondas Inc. View Filing
edgar index DEFA14A — Ondas Inc. View Filing
eight k text 8-K — 8-K View Filing
eight k text 8-K — 8-K View Filing
form 4 Form 4 — COHEN RICHARD M View Filing
form 4 Form 4 — COHEN RICHARD M View Filing
form 4 Form 4 — COHEN RICHARD M View Filing
form 4 Form 4 — COHEN RICHARD M View Filing
form 4 Form 4 — COHEN RICHARD M View Filing
form 4 Form 4 — COHEN RICHARD M View Filing
form 4 Form 4 — COHEN RICHARD M View Filing
form 4 Form 4 — COHEN RICHARD M View Filing
form 4 Form 4 — Huston Robert Patrick View Filing
form 4 Form 4 — Huston Robert Patrick View Filing
form 4 Form 4 — Huston Robert Patrick View Filing
form 4 Form 4 — Huston Robert Patrick View Filing
form 4 Form 4 — LAIRD NEIL J View Filing