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MARKETS / NASDAQ / ONDS
NASDAQ · RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT · SMALL CAP

Ondas Inc. ONDS

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$50.7M
▲ 605.3% YoY
$-132.2M
$-40.8M
In brief

What this company does

OAS focuses on autonomous and unmanned aerial and ground systems and integrated mission solutions for defense, homeland security, public safety, and other critical infrastructure and industrial end markets. Ondas Networks provides mission-critical private wireless connectivity solutions for Industrial Internet of Things (IOT) applications, enabling secure, reliable, wide-area communications and edge data transport in demanding critical infrastructure environments. Ondas Capital supports our growth strategy through strategic investments, partnerships, and capital formation initiatives intended to accelerate technology development, expand market access, and enhance long-term value creation across the Ondas platform. OAS develops, integrates, and operates autonomous systems and mission solutions focused primarily on defense and security applications, while also serving selected Tier-1 commercial and critical infrastructure customers. As of December 31, 2025, we had approximately 459 full time employees and 36 part time employees, including 41 full-time employees allocated to Ondas Inc. and Ondas Networks, eight full-time employees allocated to Ondas Capital, and 410 full-time employees and 36 part-time employees allocated to the OAS segment.

Written from the business description in Ondas Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 30 March 2026. Every sentence was checked against that document before publication.

Growth
USD 50.7M
Revenue, FY2025 · full 11-year series below
Revenue $M Net income $M
FY2025 · Revenue 50.7 · Net income -132.2
20M40M-50M-100M201520172019202120232025
Compound annual growth
+187.9%
+87.9%
+157.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +87.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−263 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -115.1% · Net -262.9%
-2000%-4000%-6000%201520172019202120232025
ROE
FY2025 · ROE -58.2%
-500%-1000%201520172019202120232025

Each USD of equity lost 58 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -40.8
-20M-40M201520172019202120232025

Total assetsUSD 1.1B
EquityUSD 437.8M
CashUSD 550.7M
Current ratio4.84×

Equity funds 39% of total assets.

The 11-year record
11 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015
Revenue $B0.10.00.00.00.00.00.00.00.00.00.0
Operating income $B−0.1−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.1−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0··
Income tax $B0.0···−0.0······
Net income $B−0.1−0.0−0.0−0.1−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0···
EPS, diluted $−0.62−0.61−0.88−1.73−0.44−0.66−1.10−0.42−0.19−0.01−0.01
Dividend / sh $···········
Payout %···········
ROE %−58.2−152.9−98.2−85.9−23.6−1015.9·····
Shares out B0.380.090.060.040.040.030.020.050.020.000.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 53 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 42 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRadio & Tv Broadcasting & Communications Equipment
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2015

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