Ondas Holdings Inc.

EDGAR

Annual consolidated revenue for 2025: about USD 50.73M, using the latest reported figures. The previous period, 2024, was about USD 7.193M.

Watchlist

Latest quarter

Revenue

83.8 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

-194.51%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: -162946000 USD Source
  • Revenue: 83772000 USD Source

Operating cash flow

-86.1 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -137379000 USD Source
  • Operating Cash Flow: -51298000 USD Source

Free cash flow

-93.8 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -137379000 USD Source
  • Operating Cash Flow: -51298000 USD Source
  • Capital Expenditure: 9093000 USD Source
  • Capital Expenditure: 1332000 USD Source
Cash and cash equivalents
658 million USD Source
Exact value

657906000 USD

Long-term debt including current maturities
300 thousand USD Source
Exact value

300000 USD

Shares outstanding
530 million shares Source
Exact value

529838610 shares

Reported share-count change

156.29% · 323 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 206732666 shares · 2025-06-30· Source
  • 529838610 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

174 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 10098310 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 50731000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 20619880 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 50122000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 83772000 USD · 2026-04-01 – 2026-06-30 Source

Net income

167 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: -7480856 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: -132235000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: -32367356 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 362796000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: -88392000 USD · 2026-04-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-13.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 9 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 8 of 11 periods available· newest 2025-12-31
  • Total assets: 9 of 11 periods available· newest 2025-12-31
  • Total liabilities: 9 of 11 periods available· newest 2025-12-31
  • Current assets: 9 of 11 periods available· newest 2025-12-31
  • Current liabilities: 9 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 8 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 2 of 11 periods available· newest 2024-12-31
  • Shares outstanding: 9 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +605.3%

    Prior period

    USD 7.19 million

    –

    Current period

    USD 50.73 million

    –

    Exact inputs and evidence

    50731000 − 7193000 = 43538000 USD

    7193000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    50731000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    −USD 94.23 million

    Prior period

    −USD 38.01 million

    –

    Current period

    −USD 132.24 million

    –

    Exact inputs and evidence

    -132235000 − -38007000 = -94228000 USD

    -38007000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -132235000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    −USD 5.28 million

    Prior period

    −USD 33.47 million

    –

    Current period

    −USD 38.75 million

    –

    Exact inputs and evidence

    -38746000 − -33469000 = -5277000 USD

    -33469000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -38746000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +24.3%

    Prior period

    USD 1.64 million

    –

    Current period

    USD 2.03 million

    –

    Exact inputs and evidence

    2034000 − 1636000 = 398000 USD

    1636000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2034000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 50.73 million 100% of revenue
  • Cost of revenue USD 30.58 million 60% of revenue
  • Operating expenses USD 78.54 million 155% of revenue
  • Operating income −USD 58.38 million −115% of revenue
  • Tax, interest and other Derived USD 73.85 million 146% of revenue
  • Net income −USD 132.24 million −261% of revenue

Cash

  • Operating cash flow −USD 38.75 million −76% of revenue
  • Capital expenditure USD 2.03 million 4% of revenue
  • Free cash flow Derived −USD 40.78 million −80% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2017 Operating loss: operating costs were 973% of revenue.
  • 2018 Operating loss: operating costs were 4,539% of revenue.
  • 2019 Operating loss: operating costs were 4,898% of revenue.
  • 2020 Operating loss: operating costs were 1,529% of revenue.
  • 2021 Operating loss: operating costs were 718% of revenue.
  • 2022 Operating loss: operating costs were 3,366% of revenue.
  • 2023 Operating loss: operating costs were 353% of revenue.
  • 2024 Operating loss: operating costs were 581% of revenue.
  • 2025 Operating loss: operating costs were 215% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2017 2017-01-01 – 2017-12-31274403 2668740 Derived -2394337 627870 Derived -3022207 Unavailable
Source
2018 2018-01-01 – 2018-12-31190029 8625562 Derived -8435533 3661331 Derived -12096864 -9061499 Derived
Source
2019 2019-01-01 – 2019-12-31320383 15692319 Derived -15371936 4018196 Derived -19390132 -14742321 Derived
Source
2020 2020-01-01 – 2020-12-31818000 12510000 Derived -11692000 2616000 Derived -14308000 -8830598 Derived
Source
2021 2021-01-01 – 2021-12-312906771 20880388 Derived -17973617 -2949775 Derived -15023842 -17819134 Derived
Source
2022 2022-01-01 – 2022-12-312125817 71555339 Derived -69429522 3812283 Derived -73241805 -40843976 Derived
Source
2023 2023-01-01 – 2023-12-3115691430 55420730 Derived -39729300 5115572 Derived -44844872 -34230554 Derived
Source
2024 2024-01-01 – 2024-12-317193000 41802000 Derived -34609000 3398000 Derived -38007000 -35105000 Derived
Source
2025 2025-01-01 – 2025-12-3150731000 109115000 Derived -58384000 73851000 Derived -132235000 -40780000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 50.7M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.54.8M41.1M27.4M13.7M0.0201720212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Revenue274403
2018Revenue190029
2019Revenue320383
2020Revenue818000
2021Revenue2906771
2022Revenue2125817
2023Revenue15691430
2024Revenue7193000
2025Revenue50731000

Revenue growth

Change in revenue from the same financial period one year earlier.

605.3% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.694%493%292%91%-110%201720212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2017Year over yearNo prior comparable period
2018Year over year-30.7%
2019Year over year68.6%
2020Year over year155.3%
2021Year over year255.4%
2022Year over year-26.9%
2023Year over year638.1%
2024Year over year-54.2%
2025Year over year605.3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -115.1% 2025
Net margin -260.7% 2025
Free cash flow margin -80.4% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.509%-1,337%-3,183%-5,029%-6,875%201720212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2017Operating margin-872.6%
2018Operating margin-4,439.1%
2019Operating margin-4,798%
2020Operating margin-1,429.3%
2021Operating margin-618.3%
2022Operating margin-3,266%
2023Operating margin-253.2%
2024Operating margin-481.1%
2025Operating margin-115.1%
2017Net margin-1,101.4%
2018Net margin-6,365.8%
2019Net margin-6,052.2%
2020Net margin-1,749.1%
2021Net margin-516.9%
2022Net margin-3,445.3%
2023Net margin-285.8%
2024Net margin-528.4%
2025Net margin-260.7%
2017Free cash flow marginNot reported
2018Free cash flow margin-4,768.5%
2019Free cash flow margin-4,601.5%
2020Free cash flow margin-1,079.5%
2021Free cash flow margin-613%
2022Free cash flow margin-1,921.3%
2023Free cash flow margin-218.1%
2024Free cash flow margin-488%
2025Free cash flow margin-80.4%

Operating cash flow

Cash generated by the company’s normal business operations.

USD -38.7M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.1M-8.1M-19.4M-30.6M-41.8M201720212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Operating cash flow-2630482
2018Operating cash flow-8517263
2019Operating cash flow-14664385
2020Operating cash flow-8822000
2021Operating cash flow-16895416
2022Operating cash flow-37963076
2023Operating cash flow-34019519
2024Operating cash flow-33469000
2025Operating cash flow-38746000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -40.8M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.3M-8.6M-20.4M-32.3M-44.1M201720212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Free cash flowUnavailable
2018Free cash flow-9061499
2019Free cash flow-14742321
2020Free cash flow-8830598
2021Free cash flow-17819134
2022Free cash flow-40843976
2023Free cash flow-34230554
2024Free cash flow-35105000
2025Free cash flow-40780000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

58.4% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1,300%975%650%325%0%201720212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2017Liabilities / assets1,203.9%
2018Liabilities / assets659.3%
2019Liabilities / assets391.5%
2020Liabilities / assets160.9%
2021Liabilities / assets4.4%
2022Liabilities / assets40.6%
2023Liabilities / assets51.1%
2024Liabilities / assets67.2%
2025Liabilities / assets58.4%

Current assets to current liabilities

Current assets divided by current liabilities.

4.84× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.10.43×7.82×5.22×2.61×0.00×201720212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2017Current assets / current liabilities0.12×
2018Current assets / current liabilities0.12×
2019Current assets / current liabilities0.21×
2020Current assets / current liabilities0.41×
2021Current assets / current liabilities9.66×
2022Current assets / current liabilities1.58×
2023Current assets / current liabilities0.66×
2024Current assets / current liabilities0.94×
2025Current assets / current liabilities4.84×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
−USD 34,580
Exact value

Exact value: -34580 USD

2016-01-01 – 2016-12-31: -34580 USD Inspect Net Income Open source
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−USD 28,992
Exact value

Exact value: -28992 USD

2016-01-01 – 2016-12-31: -28992 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
−USD 3.02 million
Exact value

Exact value: -3022207 USD

2017-01-01 – 2017-12-31: -3022207 USD Inspect Net Income Open source
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−USD 2.63 million
Exact value

Exact value: -2630482 USD

2017-01-01 – 2017-12-31: -2630482 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
−USD 12.1 million
Exact value

Exact value: -12096864 USD

2018-01-01 – 2018-12-31: -12096864 USD Inspect Net Income Open source
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−USD 8.52 million
Exact value

Exact value: -8517263 USD

2018-01-01 – 2018-12-31: -8517263 USD Inspect Operating Cash Flow Open source
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USD 544,236
Exact value

Exact value: 544236 USD

2018-01-01 – 2018-12-31: 544236 USD Inspect Capital Expenditure Open source
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−USD 9.06 million
Calculation and evidence

-8517263 − 544236 USD

Exact free cash flow: -9061499 USD

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2019 2019-01-01 – 2019-12-31
−USD 19.39 million
Exact value

Exact value: -19390132 USD

2019-01-01 – 2019-12-31: -19390132 USD Inspect Net Income Open source
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−USD 14.66 million
Exact value

Exact value: -14664385 USD

2019-01-01 – 2019-12-31: -14664385 USD Inspect Operating Cash Flow Open source
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USD 77,936
Exact value

Exact value: 77936 USD

2019-01-01 – 2019-12-31: 77936 USD Inspect Capital Expenditure Open source
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−USD 14.74 million
Calculation and evidence

-14664385 − 77936 USD

Exact free cash flow: -14742321 USD

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2020 2020-01-01 – 2020-12-31
−USD 14.31 million
Exact value

Exact value: -14308000 USD

2020-01-01 – 2020-12-31: -14308000 USD Inspect Net Income Open source
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−USD 8.82 million
Exact value

Exact value: -8822000 USD

2020-01-01 – 2020-12-31: -8822000 USD Inspect Operating Cash Flow Open source
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USD 8,598
Exact value

Exact value: 8598 USD

2020-01-01 – 2020-12-31: 8598 USD Inspect Capital Expenditure Open source
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−USD 8.83 million
Calculation and evidence

-8822000 − 8598 USD

Exact free cash flow: -8830598 USD

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2021 2021-01-01 – 2021-12-31
−USD 15.02 million
Exact value

Exact value: -15023842 USD

2021-01-01 – 2021-12-31: -15023842 USD Inspect Net Income Open source
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−USD 16.9 million
Exact value

Exact value: -16895416 USD

2021-01-01 – 2021-12-31: -16895416 USD Inspect Operating Cash Flow Open source
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USD 923,718
Exact value

Exact value: 923718 USD

2021-01-01 – 2021-12-31: 923718 USD Inspect Capital Expenditure Open source
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−USD 17.82 million
Calculation and evidence

-16895416 − 923718 USD

Exact free cash flow: -17819134 USD

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2022 2022-01-01 – 2022-12-31
−USD 73.24 million
Exact value

Exact value: -73241805 USD

2022-01-01 – 2022-12-31: -73241805 USD Inspect Net Income Open source
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−USD 37.96 million
Exact value

Exact value: -37963076 USD

2022-01-01 – 2022-12-31: -37963076 USD Inspect Operating Cash Flow Open source
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USD 2.88 million
Exact value

Exact value: 2880900 USD

2022-01-01 – 2022-12-31: 2880900 USD Inspect Capital Expenditure Open source
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−USD 40.84 million
Calculation and evidence

-37963076 − 2880900 USD

Exact free cash flow: -40843976 USD

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2023 2023-01-01 – 2023-12-31
−USD 44.84 million
Exact value

Exact value: -44844872 USD

2023-01-01 – 2023-12-31: -44844872 USD Inspect Net Income Open source
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−USD 34.02 million
Exact value

Exact value: -34019519 USD

2023-01-01 – 2023-12-31: -34019519 USD Inspect Operating Cash Flow Open source
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USD 211,035
Exact value

Exact value: 211035 USD

2023-01-01 – 2023-12-31: 211035 USD Inspect Capital Expenditure Open source
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−USD 34.23 million
Calculation and evidence

-34019519 − 211035 USD

Exact free cash flow: -34230554 USD

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2024 2024-01-01 – 2024-12-31
−USD 38.01 million
Exact value

Exact value: -38007000 USD

2024-01-01 – 2024-12-31: -38007000 USD Inspect Net Income Open source
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−USD 33.47 million
Exact value

Exact value: -33469000 USD

2024-01-01 – 2024-12-31: -33469000 USD Inspect Operating Cash Flow Open source
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USD 1.64 million
Exact value

Exact value: 1636000 USD

2024-01-01 – 2024-12-31: 1636000 USD Inspect Capital Expenditure Open source
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−USD 35.11 million
Calculation and evidence

-33469000 − 1636000 USD

Exact free cash flow: -35105000 USD

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2025 2025-01-01 – 2025-12-31
−USD 132.24 million
Exact value

Exact value: -132235000 USD

2025-01-01 – 2025-12-31: -132235000 USD Inspect Net Income Open source
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−USD 38.75 million
Exact value

Exact value: -38746000 USD

2025-01-01 – 2025-12-31: -38746000 USD Inspect Operating Cash Flow Open source
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USD 2.03 million
Exact value

Exact value: 2034000 USD

2025-01-01 – 2025-12-31: 2034000 USD Inspect Capital Expenditure Open source
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−USD 40.78 million
Calculation and evidence

-38746000 − 2034000 USD

Exact free cash flow: -40780000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

83 filings · 3,042 latest values · 3,042 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001646188, 1646188, ONDS, edgar:1646188, onds

Also known as ONDAS HOLDINGS INC., ONDAS HOLDINGS INC., Ondas Holdings Inc., Ondas Inc., ZEV VENTURES INC.