Ondas
ONDS
7.19
-0.22
-2.97%
Ondas
US · ONDS
#2226 by market cap
Listed 1970
7.19
-0.22
-2.97%
Live - 5344 symbols - heartbeat 286s ago
· 2026-10-08 07:00
Pre-market
7.05
-1.95%
After-hours
7.20
+0.14%
Overnight
7.09
-1.39%
- Market cap
- 4.19B
- P/E (TTM)i
- -239.67
- P/Bi
- 2.67
- EPSi
- -0.62
- Div yieldi
- 0.00%
- 52W posi
- 22%
Reader sentiment
Are you bullish or bearish on ONDS?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 3.79, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +605.28% YoY
Margins
- Gross margin
- 39.73%
- Operating margin
- -115.09%
- Net margin
- -270.39%
Key ratios & quality
- Enterprise valuei
- 3.63B
- Altman Z-Scorei
- 3.79
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 190.03K | 320.38K | 2.16M | 2.91M | 2.13M | 15.69M | 7.19M | 50.73M |
| Gross profit | 150.66K | 241.26K | 927.67K | 1.10M | 1.11M | 6.38M | 345.00K | 20.16M |
| Selling & admin expenses | 5.51M | 10.20M | 8.87M | 13.27M | 27.08M | 27.47M | 22.48M | 57.66M |
| Research & development | 3.08M | 5.42M | 3.59M | 5.80M | 24.04M | 17.15M | 12.48M | 20.88M |
| Operating profit | -8.44M | -15.37M | -11.52M | -17.97M | -50.01M | -38.23M | -34.61M | -58.38M |
| Pretax profit | -12.10M | -19.39M | -13.48M | -17.95M | -73.24M | -44.84M | -38.01M | -132.89M |
| Tax | 0 | 0 | 0 | -2.92M | 0 | 0 | 0 | 488.00K |
| Net profit | -12.10M | -19.39M | -13.48M | -15.02M | -73.24M | -44.84M | -38.01M | -133.38M |
| Basic EPS | -1 | -1 | -1 | 0 | -2 | -1 | -1 | -1 |
| Diluted EPS | -1.26 | -1.10 | -0.66 | -0.44 | -1.73 | -0.88 | -0.61 | -0.62 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 4.25M | 6.27M | 10.10M | 30.11M | 50.12M | 83.77M |
| Gross profit | 1.49M | 3.33M | 2.60M | 12.73M | 24.66M | 36.13M |
| Selling & admin expenses | 8.34M | 8.35M | 13.60M | 27.38M | 53.81M | 148.89M |
| Research & development | 3.46M | 4.24M | 4.51M | 8.67M | 13.52M | 30.95M |
| Operating profit | -10.31M | -9.25M | -15.50M | -23.32M | -42.67M | -143.71M |
| Pretax profit | -14.14M | -10.75M | -7.17M | -100.83M | 361.50M | -118.75M |
| Tax | 0 | 0 | 307.46K | 180.54K | 245.00K | -29.05M |
| Net profit | -14.14M | -10.75M | -7.48M | -101.01M | 361.25M | -89.70M |
| Basic EPS | 0 | 0 | 0 | 0 | 1 | 0 |
| Diluted EPS | -0.15 | -0.08 | -0.03 | -0.27 | 0.56 | -0.19 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 2.04M | 3.30M | 27.89M | 44.66M | 35.80M | 23.61M | 47.52M | 685.90M |
| Cash & ST investments | 1.13M | 2.15M | 26.06M | 40.82M | 29.78M | 14.98M | 29.96M | 572.49M |
| Inventory | 347.95K | 427.52K | 1.15M | 1.18M | 2.17M | 2.19M | 9.82M | 21.96M |
| Total assets | 2.66M | 4.26M | 28.51M | 117.44M | 97.95M | 92.16M | 109.62M | 1.13B |
| Total current liabilities | 17.25M | 16.06M | 12.49M | 4.62M | 22.73M | 35.94M | 50.58M | 141.82M |
| Short-term debt | 13.95M | 10.60M | 7.12M | 550.53K | 16.43M | 26.38M | 39.48M | 11.73M |
| Long-term debt | 300.00K | 539.92K | 906.54K | 300.00K | 14.50M | 3.11M | 15.87M | 3.83M |
| Total liabilities | 17,546,276.00 | 16,693,758.00 | 13,428,174.00 | 5,205,743.00 | 39,722,338.00 | 47,108,861.00 | 73,678,000.00 | 661,226,000.00 |
| Total equity | -14.88M | -12.43M | 15.08M | 112.23M | 58.22M | 45.06M | 35.94M | 471.62M |
| Retained earnings | -32.38M | -51.77M | -65.25M | -80.27M | -153.52M | -198.36M | -236.37M | -368.39M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 43.40M | 91.21M | 478.88M | 685.90M | 1.63B | 1.61B |
| Cash & ST investments | 25.36M | 67.57M | 451.63M | 572.49M | 1.47B | 1.38B |
| Inventory | 10.55M | 11.19M | 12.52M | 21.96M | 34.29M | 52.03M |
| Total assets | 104.60M | 151.95M | 550.15M | 1.13B | 2.44B | 2.99B |
| Total current liabilities | 50.42M | 31.49M | 31.31M | 141.82M | 149.32M | 163.08M |
| Short-term debt | 37.15M | 17.60M | 12.66M | 11.73M | 4.27M | 9.29M |
| Long-term debt | 300.00K | 300.00K | 300.00K | 3.83M | 3.60M | 4.13M |
| Total liabilities | 57,951,020.00 | 39,292,810.00 | 39,775,843.00 | 661,226,000.00 | 1,359,055,000.00 | 1,417,920,000.00 |
| Total equity | 46.65M | 112.66M | 510.37M | 471.62M | 1.08B | 1.58B |
| Retained earnings | -250.50M | -261.25M | -268.72M | -368.39M | -5.44M | -93.68M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -8.52M | -14.66M | -7.53M | -16.90M | -37.96M | -34.02M | -33.47M | -38.75M |
| Depreciation & amortization | 55.14K | 144.51K | 397.95K | 1.82M | 4.85M | 6.05M | 5.66M | 7.99M |
| Free cash flow | -9.11M | -15.02M | -7.57M | -17.92M | -40.89M | -34.30M | -35.20M | -40.89M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 1.44K | 6.11M | 31.25M | 47.52M | 6.09M | 0 | 7.30M | 829.52M |
| Ending cash balance | 1.13M | 2.15M | 26.06M | 40.82M | 29.78M | 15.02M | 30.00M | 594.36M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -6.66M | -8.40M | -10.95M | -12.73M | -51.30M | -86.08M |
| Depreciation & amortization | 1.47M | 1.58M | 1.57M | 3.37M | 6.68M | 19.49M |
| Free cash flow | -6.83M | -8.50M | -11.19M | -14.37M | -52.63M | -93.84M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 42.68M | 379.63M | 407.21M | 959.10M | 0 |
| Ending cash balance | 25.41M | 68.55M | 433.39M | 594.36M | 1.04B | 666.38M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -- | -- | -1,015.91 | -23.60 | -85.94 | -98.17 | -170.64 | -60.38 |
| ROA %i | -906.25 | -560.00 | -82.24 | -20.59 | -68.01 | -47.18 | -42.04 | -22.08 |
| ROIC %i | -- | -- | -105.55 | -21.33 | -67.83 | -51.01 | -53.72 | -52.45 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- | -279.52 | -88.41 |
| EBIT margin %i | -4,964.09 | -5,137.84 | -533.39 | -597.58 | -3,268.40 | -259.31 | -478.09 | -248.99 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.12 | 0.21 | 2.23 | 9.66 | 1.58 | 0.66 | 0.94 | 4.84 |
| Quick ratioi | 0.07 | 0.14 | 2.09 | 9.09 | 1.40 | 0.54 | 0.70 | 4.24 |
| Debt / assetsi | 535.26 | 262.43 | 28.15 | 0.93 | 34.09 | 38.29 | 50.49 | 1.37 |
| LT debt / equityi | -- | -- | 6.01 | 0.48 | 29.12 | 26.90 | 95.69 | 0.88 |
| Interest coveragei | -3.54 | -5.62 | -5.96 | -30.17 | -18.47 | -9.79 | -9.50 | -19.21 |
| Revenue CAGR (3Y) %i | 265.53 | 287.36 | 812.69 | 148.24 | 87.91 | 93.56 | 35.26 | 187.91 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -174.26 | -89.92 | -19.03 | -60.38 | 43.60 | 19.66 |
| ROA %i | -47.82 | -42.27 | -15.12 | -22.08 | 18.85 | 10.38 |
| ROIC %i | -61.46 | -50.20 | -15.88 | -52.45 | 38.58 | 19.41 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -328.80 | -230.52 | -142.47 | -248.99 | 254.42 | 78.84 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.86 | 2.90 | 15.30 | 4.84 | 10.91 | 9.85 |
| Quick ratioi | 0.59 | 2.40 | 14.76 | 4.24 | 10.28 | 9.25 |
| Debt / assetsi | 40.48 | 15.28 | 3.27 | 1.37 | 0.32 | 0.45 |
| LT debt / equityi | 19.91 | 6.18 | 1.09 | 0.88 | 0.34 | 0.26 |
| Interest coveragei | -5.30 | -4.92 | -4.94 | -19.21 | 80.72 | 54.36 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Developing and providing advanced defense, security, and communications technologies for critical100.00%
Quote time 2026-10-08 07:00:24 · For reference only, not investment advice and not tailored to your situation.