Ondas Inc. (ONDS) income statement
NASDAQ · Technology · Communication Equipment · 477 employees · CEO Eric Ashley Brock
- Price
- $6.32 -8.14%
- Market cap
- $3.68B
- Enterprise value
- $3.03B
- Last report
- Q2 '26 filed 2026-08-13
- Next report
- 2026-11-12 EPS est. -$0.13
Ondas Inc. (ONDS) reported revenue of $83.8M for Q2 '26 (+1,235.4% year on year), operating income of -$163M (-194.5% of revenue) and net income of -$88.2M. Over the last four quarters revenue was $174M.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.67M | $4.96M | $625K | $958K | $1.48M | $4.13M | $4.25M | $6.27M | $10.1M | $30.1M | $50.1M | $83.8M | |
| Cost of revenue | $2.11M | $3.23M | $1.02M | $1.15M | $1.43M | $3.25M | $2.76M | $2.94M | $7.49M | $17.4M | $25.5M | $47.6M | |
| Gross profit | $555K | $1.73M | -$395K | -$191K | $47.6K | $884K | $1.49M | $3.33M | $2.6M | $12.7M | $24.7M | $36.1M | |
| Research & development | $2.7M | $2.96M | $3.51M | $2.64M | $3.18M | $3.14M | $3.46M | $4.24M | $4.51M | $8.67M | $13.5M | $31M | |
| Sales & marketing | $1.22M | $1.7M | $1.32M | $1.31M | $1.41M | $1.3M | $2.43M | $2.27M | $3M | $5.49M | $10.5M | $20.9M | |
| General & administrative | $2.56M | $8.21M | $3.9M | $4.16M | $4.11M | $4.96M | $5.91M | $6.08M | $10.6M | $21.9M | $43.3M | $128M | |
| Other operating expenses | $0 | $1.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19.2M | |
| Operating expenses | $6.49M | $14.4M | $8.73M | $8.11M | $8.71M | $9.4M | $11.8M | $12.6M | $18.1M | $36.1M | $67.3M | $199M | |
| Operating income | -$5.93M | -$12.6M | -$9.13M | -$8.3M | -$8.66M | -$8.52M | -$10.3M | -$9.25M | -$15.5M | -$23.3M | -$42.7M | -$163M | |
| Interest income | $379 | $116K | $97.5K | $87.3K | $122K | $0 | $201K | $250K | $1.99M | $6.67M | $12.1M | $0 | |
| Interest expense | $894K | $957K | $783K | $704K | $871K | $1.26M | $3.87M | $1.56M | $444K | $702K | $338K | $1.04M | |
| Other non-operating income (gains on investments, FX ...) | $464K | -$1.5M | -$33.7K | -$737K | -$5.78K | $555K | -$42K | -$59.5K | -$8.77M | $76.8M | -$405M | $45.2M | |
| Total non-operating income | -$1.36M | -$1.49M | -$749K | $33.9K | -$866K | -$1.82M | -$3.83M | -$1.5M | $8.33M | -$77.5M | $404M | $44.2M | |
| Income before tax | -$7.29M | -$14.1M | -$9.88M | -$8.27M | -$9.53M | -$10.3M | -$14.1M | -$10.8M | -$7.17M | -$101M | $361M | -$119M | |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $307K | $181K | $245K | -$29.1M | |
| Net income | -$7.29M | -$14.1M | -$9.88M | -$8.27M | -$9.53M | -$10.3M | -$14.1M | -$10.8M | -$7.47M | -$99.7M | $363M | -$88.2M | |
| EPS (basic) | -$0.15 | -$0.26 | -$0.17 | -$0.14 | -$0.15 | -$0.14 | -$0.15 | -$0.08 | -$0.03 | -$0.27 | $0.58 | -$0.18 | |
| EPS (diluted) | -$0.15 | -$0.26 | -$0.17 | -$0.14 | -$0.15 | -$0.14 | -$0.15 | -$0.08 | -$0.03 | -$0.27 | $0.56 | -$0.19 | |
| Shares (basic, weighted) | 53.9M | 57M | 63M | 66.4M | 70.7M | 80.2M | 105M | 151M | 260M | 381M | 445M | 501M | |
| Shares (diluted, weighted) | 53.9M | 57M | 63M | 66.4M | 70.7M | 80.2M | 105M | 151M | 260M | 381M | 462M | 504M | |
| Depreciation & amortization | $1.49M | $1.59M | $1.41M | $1.39M | $1.68M | $1.18M | $1.47M | $1.58M | $1.57M | $3.37M | $6.68M | $19.5M | |
| EBITDA | -$4.91M | -$9.56M | -$7.68M | -$6.17M | -$6.97M | -$7.9M | -$8.8M | -$7.61M | -$5.16M | -$96.8M | $369M | -$189M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.51K | $2.85K | $190K | $320K | $2.16M | $2.91M | $2.13M | $15.7M | $7.19M | $50.7M | |
| Cost of revenue | $12.4K | $9.07K | $39.4K | $79.1K | $1.24M | $1.81M | $1.02M | $9.31M | $6.85M | $30.6M | |
| Gross profit | -$6.91K | -$6.23K | $151K | $241K | $928K | $1.1M | $1.11M | $6.38M | $345K | $20.2M | |
| Research & development | $1.38M | $1M | $3.08M | $5.42M | $3.59M | $5.8M | $24M | $17.1M | $12.5M | $20.9M | |
| Sales & marketing | $0 | $0 | $2.9M | $5.4M | $1.22M | $1.49M | $3.46M | $5.91M | $5.34M | $13.2M | |
| General & administrative | $27.6K | $38.1K | $2.61M | $4.79M | $7.64M | $11.8M | $23.6M | $21.6M | $17.1M | $44.5M | |
| Other operating expenses | $64 | $336 | $4.42K | $0 | $0 | $0 | $19.4M | $1.5M | $0 | $0 | |
| Operating expenses | $27.7K | $38.4K | $8.59M | $15.6M | $12.5M | $19.1M | $70.5M | $46.1M | $35M | $78.5M | |
| Operating income | -$34.6K | -$44.7K | -$8.44M | -$15.4M | -$11.5M | -$18M | -$69.4M | -$39.7M | -$34.6M | -$58.4M | |
| Interest income | $0 | $0 | $18.1K | $1.86K | $251 | $11.6K | $25.5K | $124K | $235K | $9.11M | |
| Interest expense | $0 | $0 | $2.66M | $2.93M | $1.94M | $576K | $3.76M | $4.15M | $3.62M | $6.58M | |
| Other non-operating income (gains on investments, FX ...) | $0 | $0 | $998K | $1.09M | $17.1K | -$603K | $50.6K | $961K | -$222K | $67.9M | |
| Total non-operating income | $0 | $0 | -$3.66M | -$4.02M | -$1.95M | $27.8K | -$3.81M | -$5.12M | -$3.4M | -$74.5M | |
| Income before tax | -$34.6K | -$44.7K | -$12.1M | -$19.4M | -$13.5M | -$17.9M | -$73.2M | -$44.8M | -$38M | -$133M | |
| Income tax | $0 | $0 | $0 | $0 | $0 | -$2.92M | $0 | $0 | $0 | $488K | |
| Net income | -$34.6K | -$44.7K | -$12.1M | -$19.4M | -$13.5M | -$15M | -$73.2M | -$44.8M | -$38M | -$132M | |
| EPS (basic) | -$0.00 | -$0.00 | -$0.72 | -$1.27 | -$0.66 | -$0.44 | -$1.73 | -$0.88 | -$0.61 | -$0.62 | |
| EPS (diluted) | -$0.00 | -$0.00 | -$0.72 | -$1.27 | -$0.66 | -$0.44 | -$1.73 | -$0.88 | -$0.61 | -$0.62 | |
| Shares (basic, weighted) | 19.2M | 19.2M | 16.8M | 17.6M | 20.4M | 34.2M | 42.2M | 52.7M | 69.9M | 222M | |
| Shares (diluted, weighted) | 19.2M | 19.2M | 16.8M | 17.6M | 20.4M | 34.2M | 42.2M | 52.7M | 69.9M | 222M | |
| Depreciation & amortization | $18.8K | $13.4K | $55.1K | $62.9K | $398K | $1.82M | $4.85M | $6.05M | $5.66M | $7.99M | |
| EBITDA | -$34.6K | -$44.7K | -$9.38M | -$16.4M | -$11.1M | -$15.6M | -$64.6M | -$34.6M | -$28.7M | -$118M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02