ONDS
$6.10+0.66%
ONDS financial statements
The full income statement, balance sheet, and cash-flow statement for Ondas Inc. (ONDS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 70.0M2024-09 77.3M2024-12 105.7M2025-03 127.7M2025-06 206.7M2025-09 329.5M2025-12 380.8M2026-03 469.1M2026-06 529.8M+657.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 50.7M+605.3% | 7.19M-54.2% | 15.7M+638.1% | 2.13M-26.9% | 2.91M+34.3% | |
| 20.2M+5742.3% | 345K-94.6% | 6.38M+475.3% | 1.11M+1.2% | 1.10M+18.1% | ||
| Cost of revenue | 30.6M+346.5% | 6.85M-26.4% | 9.31M+815.8% | 1.02M-43.9% | 1.81M+46.5% | |
| 78.5M+124.7% | 35.0M-24.2% | 46.1M-34.6% | 70.5M+269.9% | 19.1M+53.1% | ||
| Research & development | 20.9M+67.4% | 12.5M-27.2% | 17.1M-28.7% | 24.0M+314.5% | 5.80M+61.7% | |
| Selling, general & administrative | 44.5M+159.4% | 17.1M-20.5% | 21.6M-8.7% | 23.6M+100.5% | 11.8M+54.2% | |
| General & administrative | 44.5M+159.4% | 17.1M-20.5% | 21.6M-8.7% | 23.6M+100.5% | 11.8M+54.2% | |
| Selling & marketing | 13.2M+147.1% | 5.34M-9.7% | 5.91M+70.9% | 3.46M+132.4% | 1.49M+21.5% | |
| Amortization of intangibles | 5.81M+37.6% | 4.22M+1.8% | 4.15M+16.2% | 3.57M+155.7% | 1.40M+6938.1% | |
| Provision for credit losses | — | 993K | — | — | — | |
| Operating income | -58.4M-68.7% | -34.6M+12.9% | -39.7M+42.8% | -69.4M-286.3% | -18.0M-56.0% | |
| Interest expense | 6.58M+81.6% | 3.62M-12.9% | 4.15M+10.4% | 3.76M+553.4% | 576K-70.3% | |
| Interest & investment income | 9.11M+3777.4% | 235K+89.7% | 124K+385.0% | 25.5K+120.6% | 11.6K+4512.7% | |
| Other non-operating income | 11.0K+155.0% | -20.0K+88.9% | -181K+95.3% | -3.81M-13816.7% | 27.8K+101.4% | |
| Equity-method income | — | — | -1.50M | — | — | |
| Pre-tax income | -133M-249.7% | -38.0M+15.2% | -44.8M+38.8% | -73.2M-308.1% | -17.9M-33.2% | |
| Income tax | 488K-99.3% | 69.4M+10.9% | 62.6M | — | -2.92M | |
| -132M-247.9% | -38.0M+15.2% | -44.8M+38.8% | -73.2M-387.5% | -15.0M-11.5% | ||
| Net income to common | -137M-223.4% | -42.4M+8.5% | -46.4M+36.7% | -73.2M-387.5% | -15.0M-11.5% | |
| -$0.62-1.6% | -$0.61+30.7% | -$0.88+49.1% | -$1.73-293.2% | -$0.44 | ||
| EPS (basic) | -$0.62-1.6% | -$0.61+30.7% | -$0.88+49.1% | -$1.73-293.2% | -$0.44 | |
| Weighted-avg shares (basic) | 222M+217.2% | 69.9M+32.6% | 52.7M+24.9% | 42.2M+23.6% | 34.2M | |
| Weighted-avg shares (diluted) | 222M+217.2% | 69.9M+32.6% | 52.7M+24.9% | 42.2M+23.6% | 34.2M | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 686M+1343.4% | 47.5M+101.3% | 23.6M-34.1% | 35.8M-19.8% | 44.7M+60.1% | ||
| Cash & equivalents | 551M+1738.4% | 30.0M+99.4% | 15.0M-49.5% | 29.8M-27.0% | 40.8M+56.6% | |
| Short-term investments | 21.8M | — | — | — | — | |
| Accounts receivable | 22.4M+328.0% | 5.22M+52.3% | 3.43M+3189.3% | 104K-91.4% | 1.21M+2446.3% | |
| Inventory | 22.0M+123.6% | 9.82M+349.2% | 2.19M+0.6% | 2.17M+84.4% | 1.18M+2.3% | |
| Other current assets | 25.5M+928.8% | 2.48M-16.6% | 2.97M+69.6% | 1.75M+20.7% | 1.45M+130.5% | |
| 1.13B+933.4% | 110M+18.9% | 92.2M-5.9% | 97.9M-16.6% | 117M+311.9% | ||
| Property, plant & equipment | 10.2M+294.9% | 2.59M-38.1% | 4.18M+38.1% | 3.02M+193.0% | 1.03M+532.8% | |
| Operating lease right-of-use | 10.4M+164.3% | 3.92M-16.6% | 4.70M+60.4% | 2.93M+250.6% | 836K+1537.2% | |
| Goodwill | 252M+807.4% | 27.8M+0.0% | 27.8M+8.4% | 25.6M-43.1% | 45.0M | |
| Intangible assets | 137M+403.7% | 27.2M-13.3% | 31.3M+8.5% | 28.9M+14.7% | 25.2M+6531.8% | |
| Long-term investments | 35.6M | — | — | 1.50M+200.0% | 500K | |
| Other non-current assets | 12.4M+171.3% | 4.58M-92.9% | 64.4M+8.9% | 59.1M-17.6% | 71.8M+15526.0% | |
| 142M+180.4% | 50.6M+40.7% | 35.9M+58.1% | 22.7M+391.5% | 4.62M-63.0% | ||
| Accounts payable | 13.9M+145.1% | 5.66M+9.3% | 5.18M+74.6% | 2.97M+23.0% | 2.41M+1.8% | |
| Accrued liabilities | 75.0M+1184.0% | 5.84M+62.8% | 3.59M+899.0% | 359K-68.8% | 1.15M+2479.5% | |
| Deferred revenue | 8.03M+2340.4% | 329K+18.8% | 277K+350.3% | 61.5K-88.0% | 512K+210.5% | |
| Current lease liability | 3.08M+174.2% | 1.12M+63.8% | 685K+18.0% | 581K+5.5% | 551K+880.1% | |
| Other current liabilities | — | 6.08M+1068.4% | 521K | — | — | |
| 661M+797.5% | 73.7M+56.4% | 47.1M+18.6% | 39.7M+663.0% | 5.21M-61.2% | ||
| Long-term debt | — | 300K | — | — | 300K-66.9% | |
| Deferred revenue (non-current) | 500K | — | — | 194K+191.4% | 66.6K | |
| Non-current lease liability | 9.64M+94.4% | 4.96M-14.5% | 5.80M+136.2% | 2.46M+916.4% | 242K | |
| Operating lease liability (total) | 12.7M+109.1% | 6.08M-6.2% | 6.49M+113.6% | 3.04M+283.4% | 792K+1310.4% | |
| Deferred tax liabilities | 14.5M | — | — | — | — | |
| Other non-current liabilities | 10.2M+102.3% | 5.07M | — | — | — | |
| Total non-current liabilities | — | 23.1M+106.8% | 11.2M-34.3% | 17.0M+2821.1% | 582K-38.3% | |
| 438M+2540.1% | 16.6M-50.0% | 33.1M-43.1% | 58.2M-48.1% | 112M+644.1% | ||
| Preferred stock | 0.00-100.0% | 2.00M | — | — | — | |
| Common stock | 38.0K+322.2% | 9.00K+45.3% | 6.19K+40.4% | 4.41K+7.6% | 4.10K+54.4% | |
| Additional paid-in capital | 806M+218.6% | 253M+9.3% | 231M+9.3% | 212M+10.0% | 193M+139.6% | |
| Retained earnings | -368M-55.9% | -236M-19.2% | -198M-29.2% | -154M-91.2% | -80.3M-23.0% | |
| Accumulated other comprehensive income | 329K | — | — | — | — | |
| Non-controlling interest | 4.01M | — | — | — | — | |
| Total equity incl. non-controlling | 442M+2564.4% | 16.6M-50.0% | 33.1M | — | 112M+644.1% | |
| Total liabilities & equity | 1.13B+933.4% | 110M+18.9% | 92.2M-5.9% | 97.9M-16.6% | 117M+311.9% | |
| Common shares issued | 381M+308.7% | 93.2M+50.4% | 61.9M+40.4% | 44.1M+7.6% | 41.0M+54.4% | |
| Common shares outstanding | 381M+308.7% | 93.2M+50.4% | 61.9M+40.4% | 44.1M+7.6% | 41.0M+54.4% | |
| Shares outstanding (cover) | 467M+341.8% | 106M+61.2% | 65.6M+33.7% | 49.1M+19.7% | 41.0M+53.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -38.7M-15.8% | -33.5M+1.6% | -34.0M+10.4% | -38.0M-124.7% | -16.9M-124.2% | ||
| Depreciation & amortization | 946K+57.1% | 602K-87.9% | 4.99M-34.0% | 7.57M+400.2% | 1.51M+1186.2% | |
| Intangible amortization | 5.81M+37.6% | 4.22M+1.8% | 4.15M+16.2% | 3.57M+155.7% | 1.40M+6938.1% | |
| Share-based compensation | 16.0M+1166.1% | 1.26M+20.8% | 1.05M-82.1% | 5.86M+80.0% | 3.25M-30.4% | |
| Deferred income taxes | — | — | — | — | 14.5M | |
| Change in receivables | 13.6M+370.3% | 2.89M-32.2% | 4.26M+484.5% | -1.11M-196.2% | 1.15M+4104.1% | |
| Change in inventory | 4.84M-11.5% | 5.47M+469.1% | -1.48M-248.9% | 995K+686.3% | 126K-57.5% | |
| Change in payables | 4.46M+285.8% | 1.16M-7.0% | 1.24M+123.9% | 555K+740.2% | -86.7K | |
| -260M-14910.5% | -1.73M-423.2% | 536K+107.7% | -6.93M+32.1% | -10.2M-63162.9% | ||
| Capital expenditure | 2.03M+24.3% | 1.64M+675.2% | 211K-92.7% | 2.88M+211.9% | 924K+10643.4% | |
| Free cash flow | -40.8M-16.2% | -35.1M-2.6% | -34.2M+16.2% | -40.8M-129.2% | -17.8M-136.2% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 6.52M | |
| Purchases of investments | — | — | — | 1.00M | — | |
| Proceeds from sale of PP&E | — | 1.00K-97.9% | 48.8K | — | — | |
| 863M+1619.2% | 50.2M+167.9% | 18.7M-44.7% | 33.9M-19.1% | 41.9M+33.1% | ||
| Long-term debt issued | 0.00 | 0.00-100.0% | 9.31M+54.4% | 6.03M | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 830M+11257.0% | 7.30M | 0.00-100.0% | 6.09M-87.2% | 47.5M+52.1% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 585K | — | — | — | — | |
| Net change in cash | — | — | — | — | 14.8M-38.3% | |
| Interest paid | 41.0K+86.4% | 22.0K-87.5% | 177K+1144.4% | 14.2K | — | |
| Income taxes paid | 10.0K | — | — | 14.2K-98.6% | 1.04M+209.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 3.72B+1273.0% | 271M+203.4% | 89.2M+30.8% | 68.2M-75.2% | 275M+10.7% | |
| P/S | 73.3×+94.7% | 37.6×+372.8% | 8.0×-74.1% | 30.7×-67.5% | 94.6×-17.6% | |
| P/B | 8.5×-48.0% | 16.3×+726.9% | 2.0×+171.6% | 0.7×-70.3% | 2.5×-85.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: ONDS’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ONDS filings on SEC EDGAR → Not investment advice.