Ondas Inc.
ONDS· Nasdaq· Radio & Tv Broadcasting & Communications Equipment
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- -80.4%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +87.9%
We record prices for the companies we cover; ONDS is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 221,769
- Revenue
- $50.7M
- Free cash flow
- -$40.8M
- Owner earnings
- -$56.8M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 39.7%
- Operating
- -115.1%
- Net
- -260.7%
- Free cash flow
- -80.4%
- Owner earnings
- -112.0%
- Stock pay
- 31.6%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- -30.2%
- ROE, 5 yr avg
- -106.8%
Growth (CAGR)
- Revenue, 3 yr
- 187.9%
- Revenue, 5 yr
- 87.9%
- Revenue, 9 yr
- –
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $550.7M
- Total debt
- $5.8M
- Net cash
- $544.9M
- Debt/Equity
- 0.0x
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- –
Financials: ten years from the 10-Ks
Revenue
$50.7M
+92.0% a year over 9 years
FY2016FY2025
Margins
Gross39.7%Operating-115.1%Net-260.7%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow-$40.8MOwner earnings-$56.8M
FY2025
FY2016FY2025
Diluted shares
221,769
+548.8% over 9 years, net dilution
FY2016FY2025
Net cash
$544.9M
$544.9M more cash than debt
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | – | $274.4K | $190.0K | $320.4K | $2.2M | $2.9M | $2.1M | $15.7M | $7.2M | $50.7M |
| Revenue growth | – | – | -30.7% | 68.6% | 575.4% | 34.3% | -26.9% | 638.1% | -54.2% | 605.3% |
| Gross margin | – | 70.9% | 79.3% | 75.3% | 42.9% | 37.7% | 52.2% | 40.7% | 4.8% | 39.7% |
| Operating margin | – | -872.6% | -4439.1% | -4798.0% | -532.6% | -618.3% | -3266.0% | -253.2% | -481.1% | -115.1% |
| Net income | -$34.6K | -$3.0M | -$12.1M | -$19.4M | -$13.5M | -$15.0M | -$73.2M | -$44.8M | -$38.0M | -$132.2M |
| Net margin | – | -1101.4% | -6365.8% | -6052.2% | -622.9% | -516.9% | -3445.3% | -285.8% | -528.4% | -260.7% |
| Diluted EPS | – | – | – | – | – | $-440.00s | $-1,730.00s | $-880.00s | $-0.61 | $-0.62 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | -$29.0K | -$2.6M | -$8.5M | -$14.7M | -$7.5M | -$16.9M | -$38.0M | -$34.0M | -$33.5M | -$38.7M |
| Capital expenditure | – | – | $544.2K | $77.9K | $8.6K | $923.7K | $2.9M | $211.0K | $1.6M | $2.0M |
| Free cash flow | – | – | -$9.1M | -$14.7M | -$7.5M | -$17.8M | -$40.8M | -$34.2M | -$35.1M | -$40.8M |
| Stock-based compensation | – | $1.2K | – | $938.1K | $4.7M | $3.3M | $5.9M | $1.0M | $1.3M | $16.0M |
| Owner earnings? | – | – | – | -$15.7M | -$12.2M | -$21.1M | -$46.7M | -$35.3M | -$36.4M | -$56.8M |
| Free cash flow per share | – | – | – | – | – | $-521.32 | $-966.89 | $-649.04 | $-502.10 | $-183.89 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | – | – | – | – | – | – | – | – | – | – |
| Diluted shares | – | – | – | – | – | 34,180.897s | 42,242.525s | 52,740.215s | 69,917 | 221,769 |
| Share count change? | – | – | – | – | – | – | 23.6% | 24.9% | 32.6% | 217.2% |
| Balance sheet | ||||||||||
| Cash and equivalents | $45.2K | $456.0K | $1.1M | $2.2M | $26.1M | $40.8M | $29.8M | $15.0M | $30.0M | $550.7M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | – | – | – | $10.6M | $8.0M | $300.0K | $30.0M | $28.5M | $300.0K | $5.8M |
| Net debt | – | – | – | $8.4M | -$18.1M | -$40.5M | $273.0K | $13.5M | -$29.7M | -$544.9M |
| Shareholders' equity | -$4.9M | -$7.9M | -$14.9M | -$12.4M | $15.1M | $112.2M | $58.2M | $33.1M | $16.6M | $437.8M |
Latest filings
| 2026-08-13 | 10-Q | Quarterly report |
| 2026-08-13 | 8-K | Earnings release |
| 2026-05-15 | 10-Q | Quarterly report |
| 2026-05-14 | 8-K | Earnings release |
| 2026-04-21 | DEF 14A | Proxy statement |
| 2026-03-30 | 10-K | Annual report |
| 2026-03-25 | 8-K | Earnings release |
| 2026-03-23 | 8-K | Earnings release |
| 2026-03-09 | 8-K | Earnings release |
| 2026-01-16 | 8-K | Earnings release |
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