ONDS

Updated: Mar 25, 2026 01:26 AM

Ondas Holdings Inc.

Market Cap: $5.05B P/S: 168x Ownership — Insider: 1.5% | Institutional: 35.5% | Retail: 63.0% TECHNOLOGY COMMUNICATION EQUIPMENT

Ondas Holdings Inc. designs, develops, manufactures, sells, and supports the FullMAX software-defined radio (SDR) platform in the United States and internationally. The company is headquartered in Nantucket, Massachusetts.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        12/12 dates (100%)
  ✅ grossProfit                         12/12 dates (100%)
  ✅ netIncome                           12/12 dates (100%)

Plot for ONDS (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -137.17M                    -68.59M                     0.00M                     68.59M                     137.17M
               |                          |                          |                          |                          |

  2014-12-31 |                                                      |  2.02M
  2015-12-31 |                                                      |  -0.02M
  2016-12-31 |                                                      |  -0.03M
  2017-12-31 |                                                      |  -0.04M
  2018-12-31 |                                                  |  -12.10M
  2019-12-31 |                                               |  -19.39M
  2020-12-31 |                                                  |  -13.48M
  2021-12-31 |                                                 |  -15.02M
  2022-12-31 |                          |  -73.24M
  2023-12-31 |                                     |  -44.84M
  2024-12-31 |                                        |  -38.01M
  2025-12-31 | |  -137.17M

               |                          |                          |                          |                          |
               -137.17M                    -68.59M                     0.00M                     68.59M                     137.17M

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              12/12 dates (100%)
  ✅ sellingGeneralAndAdministrative     12/12 dates (100%)
  ✅ costofGoodsAndServicesSold          12/12 dates (100%)

Plot for ONDS (in M)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                     11.12M                     22.24M                     33.36M                     44.47M
               |                          |                          |                          |                          |

  2014-12-31 |  1.35M
  2015-12-31 |  1.11M
  2016-12-31 |  1.38M
  2017-12-31 |  1.00M
  2018-12-31 |  3.08M
  2019-12-31 |  5.42M
  2020-12-31 |  7.64M
  2021-12-31 |  11.78M
  2022-12-31 |  24.04M
  2023-12-31 |  21.56M
  2024-12-31 |  17.14M
  2025-12-31 |  44.47M

               |                          |                          |                          |                          |
               0.00M                     11.12M                     22.24M                     33.36M                     44.47M

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ⚠️  cashAndShortTermInvestments         11/12 dates (92%)
  ✅ shortLongTermDebtTotal              12/12 dates (100%)
  ✅ operatingCashflow                   12/12 dates (100%)

Plot for ONDS (in M)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -550.74M                   -275.37M                     0.00M                     275.37M                    550.74M
               |                          |                          |                          |                          |

  2014-12-31 |                                                      |  1.45M ⊗
  2015-12-31 |                                                      |  0.03M
  2016-12-31 |                                                      |  0.05M
  2017-12-31 |                                                      |  0.08M
  2018-12-31 |                                                      |  14.25M
  2019-12-31 |                                                      |  -14.66M
  2020-12-31 |                                                      |  26.06M
  2021-12-31 |                                                     |  40.82M
  2022-12-31 |                                                   |  -37.96M
  2023-12-31 |                                                    |  35.29M
  2024-12-31 |                                                    |  60.31M
  2025-12-31 |                                                   | 550.74M

               |                          |                          |                          |                          |
               -550.74M                   -275.37M                     0.00M                     275.37M                    550.74M

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   12/12 dates (100%)
  ✅ capitalExpenditures                 12/12 dates (100%)

Plot for ONDS (in M)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -38.75M                    -19.37M                     0.00M                     19.37M                     38.75M
               |                          |                          |                          |                          |

  2014-12-31 |                                                     |  -1.28M
  2015-12-31 |                                                      | -0.02M
  2016-12-31 |                                                      | -0.03M
  2017-12-31 |                                                      | -0.05M
  2018-12-31 |                                           |  -8.52M
  2019-12-31 |                                   |  -14.66M
  2020-12-31 |                                            |  -7.53M
  2021-12-31 |                               |  -16.90M
  2022-12-31 |  |  -37.96M
  2023-12-31 |        |  -34.02M
  2024-12-31 |        |  -33.47M
  2025-12-31 | | -38.75M

               |                          |                          |                          |                          |
               -38.75M                    -19.37M                     0.00M                     19.37M                     38.75M

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         12/12 dates (100%)
  ✅ totalLiabilities                    12/12 dates (100%)
  ✅ totalShareholderEquity              12/12 dates (100%)

Plot for ONDS (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -1.14B                     -0.57B                      0.00B                      0.57B                      1.14B
               |                          |                          |                          |                          |

  2014-12-31 |                                                      |  0.00B
  2015-12-31 |                                                      |  0.00B
  2016-12-31 |                                                      |  0.00B
  2017-12-31 |                                                      |  0.00B
  2018-12-31 |                                                      |  0.02B
  2019-12-31 |                                                      |  0.02B
  2020-12-31 |                                                       |  0.03B
  2021-12-31 |                                                       |  0.12B
  2022-12-31 |                                                       |  0.10B
  2023-12-31 |                                                       |  0.09B
  2024-12-31 |                                                       |  0.11B
  2025-12-31 |                                                       | 1.14B

               |                          |                          |                          |                          |
               -1.14B                     -0.57B                      0.00B                      0.57B                      1.14B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           12/12 dates (100%)
  ✅ shortLongTermDebtTotal              12/12 dates (100%)
  ✅ totalShareholderEquity              12/12 dates (100%)

Plot for ONDS (in M)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -474.70M                   -237.35M                     0.00M                     237.35M                    474.70M
               |                          |                          |                          |                          |

  2014-12-31 |                                                      |  -2.48M
  2015-12-31 |                                                      |  0.03M
  2016-12-31 |                                                      |  -0.05M
  2017-12-31 |                                                      |  -0.08M
  2018-12-31 |                                                     |  -14.88M
  2019-12-31 |                                                     |  -19.39M
  2020-12-31 |                                                     |  15.08M
  2021-12-31 |                                                     |  112.23M
  2022-12-31 |                                               |  -73.24M
  2023-12-31 |                                                  |  45.06M
  2024-12-31 |                                                   |  60.31M
  2025-12-31 |                                       | 474.70M

               |                          |                          |                          |                          |
               -474.70M                   -237.35M                     0.00M                     237.35M                    474.70M

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for ONDS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -101.01M                    -50.51M                     0.00M                     50.51M                     101.01M
               |                          |                          |                          |                          |

  2019-12-31 |                                                     |  -3.26M
  2020-03-31 |                                                     |  -2.81M
  2020-06-30 |                                                     |  -3.22M
  2020-09-30 |                                                     |  -3.33M
  2020-12-31 |                                                     |  -4.12M
  2021-03-31 |                                                     |  -3.14M
  2021-06-30 |                                                     |  -2.82M
  2021-09-30 |                                                    |  -4.91M
  2021-12-31 |                                                     |  -4.15M
  2022-03-31 |                                                  |  -10.01M
  2022-06-30 |                                                 |  -11.39M
  2022-09-30 |                                                |  -13.58M
  2022-12-31 |                                   |  -38.26M
  2023-03-31 |                                               |  -14.46M
  2023-06-30 |                                                  |  -8.96M
  2023-09-30 |                                                   |  -7.29M
  2023-12-31 |                                               |  -14.14M
  2024-03-31 |                                                  |  -9.88M
  2024-06-30 |                                                   |  -8.27M
  2024-09-30 |                                                  |  -9.53M
  2024-12-31 |                                                 |  -10.34M
  2025-03-31 |                                               |  -14.14M
  2025-06-30 |                                                 |  -10.75M
  2025-09-30 |                                                   |  10.10M
  2025-12-31 | |  -101.01M

               |                          |                          |                          |                          |
               -101.01M                    -50.51M                     0.00M                     50.51M                     101.01M

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              25/25 dates (100%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for ONDS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                      5.47M                     10.95M                     16.42M                     21.89M
               |                          |                          |                          |                          |

  2019-12-31 |  1.01M
  2020-03-31 |  0.91M
  2020-06-30 |  2.49M
  2020-09-30 |  1.82M
  2020-12-31 |  2.42M
  2021-03-31 |  2.41M
  2021-06-30 |  2.50M
  2021-09-30 |  2.72M
  2021-12-31 |  4.16M
  2022-03-31 |  5.52M
  2022-06-30 |  6.09M
  2022-09-30 |  7.36M
  2022-12-31 |  9.23M
  2023-03-31 |  6.97M
  2023-06-30 |  5.32M
  2023-09-30 |  2.70M
  2023-12-31 |  9.91M
  2024-03-31 |  3.90M
  2024-06-30 |  4.16M
  2024-09-30 |  4.11M
  2024-12-31 |  4.96M
  2025-03-31 |  5.91M
  2025-06-30 |  6.08M
  2025-09-30 |  10.60M
  2025-12-31 |  21.89M

               |                          |                          |                          |                          |
               0.00M                      5.47M                     10.95M                     16.42M                     21.89M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ⚠️  shortLongTermDebtTotal              24/25 dates (96%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for ONDS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -550.74M                   -275.37M                     0.00M                     275.37M                    550.74M
               |                          |                          |                          |                          |

  2019-12-31 |                                                      |  11.19M
  2020-03-31 |                                                      |  11.23M
  2020-06-30 |                                                      |  11.94M
  2020-09-30 |                                                      |  12.60M
  2020-12-31 |                                                      |  26.06M
  2021-03-31 |                                                      |  24.03M
  2021-06-30 |                                                      |  58.55M
  2021-09-30 |                                                      |  47.50M
  2021-12-31 |                                                      |  40.82M
  2022-03-31 |                                                      |  32.06M
  2022-06-30 |                                                      |  28.01M
  2022-09-30 |                                                      |  15.28M
  2022-12-31 |                                                      |  33.39M
  2023-03-31 |                                                      |  29.39M
  2023-06-30 |                                                      |  25.32M
  2023-09-30 |                                                      |  33.54M
  2023-12-31 |                                                      |  14.98M ⊗
  2024-03-31 |                                                      |  35.75M
  2024-06-30 |                                                      |  35.87M
  2024-09-30 |                                                      |  36.53M
  2024-12-31 |                                                      |  60.31M
  2025-03-31 |                                                      |  42.35M
  2025-06-30 |                                                      |  67.57M
  2025-09-30 |                                                      |  432.82M
  2025-12-31 |                                                      | 550.74M

               |                          |                          |                          |                          |
               -550.74M                   -275.37M                     0.00M                     275.37M                    550.74M

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for ONDS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -12.83M                    -6.42M                      0.00M                      6.42M                     12.83M
               |                          |                          |                          |                          |

  2019-12-31 |                                         |  -3.33M
  2020-03-31 |                                               |  -1.97M
  2020-06-30 |                                                    |  -0.79M
  2020-09-30 |                                              |  -2.11M
  2020-12-31 |                                            |  -2.66M
  2021-03-31 |                                          |  -3.07M
  2021-06-30 |                                      |  -4.02M
  2021-09-30 |                                    |  -4.53M
  2021-12-31 |                                 |  -5.27M
  2022-03-31 |                         |  -7.10M
  2022-06-30 |                    |  -8.20M
  2022-09-30 |         |  -10.90M
  2022-12-31 |     |  -11.76M
  2023-03-31 | |  -12.83M
  2023-06-30 |                 |  -9.13M
  2023-09-30 |                             |  -6.24M
  2023-12-31 |                              |  -5.91M
  2024-03-31 |                        |  -7.46M
  2024-06-30 |                  |  -8.82M
  2024-09-30 |                 |  -9.09M
  2024-12-31 |                     |  -8.11M
  2025-03-31 |                           |  -6.66M
  2025-06-30 |                    |  -8.40M
  2025-09-30 |         |  -10.95M
  2025-12-31 | |  -12.73M

               |                          |                          |                          |                          |
               -12.83M                    -6.42M                      0.00M                      6.42M                     12.83M

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for ONDS (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -1.14B                     -0.57B                      0.00B                      0.57B                      1.14B
               |                          |                          |                          |                          |

  2019-12-31 |                                                      |  0.02B
  2020-03-31 |                                                      |  0.02B
  2020-06-30 |                                                      |  0.02B
  2020-09-30 |                                                      |  0.02B
  2020-12-31 |                                                       |  0.03B
  2021-03-31 |                                                       |  0.03B
  2021-06-30 |                                                       |  0.06B
  2021-09-30 |                                                       |  0.13B
  2021-12-31 |                                                       |  0.12B
  2022-03-31 |                                                       |  0.11B
  2022-06-30 |                                                       |  0.11B
  2022-09-30 |                                                       |  0.10B
  2022-12-31 |                                                       |  0.10B
  2023-03-31 |                                                       |  0.09B
  2023-06-30 |                                                       |  0.08B
  2023-09-30 |                                                       |  0.10B
  2023-12-31 |                                                       |  0.09B
  2024-03-31 |                                                       |  0.09B
  2024-06-30 |                                                       |  0.08B
  2024-09-30 |                                                       |  0.08B
  2024-12-31 |                                                       |  0.11B
  2025-03-31 |                                                       |  0.10B
  2025-06-30 |                                                       |  0.15B
  2025-09-30 |                                                       |  0.55B
  2025-12-31 |                                                       | 1.14B

               |                          |                          |                          |                          |
               -1.14B                     -0.57B                      0.00B                      0.57B                      1.14B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ⚠️  shortLongTermDebtTotal              24/25 dates (96%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for ONDS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -486.08M                   -243.04M                     0.00M                     243.04M                    486.08M
               |                          |                          |                          |                          |

  2019-12-31 |                                                      |  -12.43M
  2020-03-31 |                                                     |  -15.06M
  2020-06-30 |                                                     |  -16.40M
  2020-09-30 |                                                     |  -13.75M
  2020-12-31 |                                                      |  15.08M
  2021-03-31 |                                                      |  14.71M
  2021-06-30 |                                                      |  59.78M
  2021-09-30 |                                                      |  114.93M
  2021-12-31 |                                                      |  112.23M
  2022-03-31 |                                                      |  103.55M
  2022-06-30 |                                                      |  105.70M
  2022-09-30 |                                                     |  93.80M
  2022-12-31 |                                                   |  58.22M
  2023-03-31 |                                                     |  54.08M
  2023-06-30 |                                                      |  49.52M
  2023-09-30 |                                                      |  45.20M
  2023-12-31 |                                                     |  33.14M ⊗
  2024-03-31 |                                                      |  35.75M
  2024-06-30 |                                                      |  35.87M
  2024-09-30 |                                                      |  36.53M
  2024-12-31 |                                                      |  60.31M
  2025-03-31 |                                                     |  42.35M
  2025-06-30 |                                                      |  90.82M
  2025-09-30 |                                                      | 486.08M
  2025-12-31 |                                            |  437.36M

               |                          |                          |                          |                          |
               -486.08M                   -243.04M                     0.00M                     243.04M                    486.08M

Price History

Volume

Advanced Chart