# Ondas Inc.: overview

ONDS · Nasdaq · CIK 1646188 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/onds.md) · [Financials](/companies/onds/financials.md) · [Filings](/companies/onds/filings.md) · [Insiders](/companies/onds/insiders.md)

Latest reported revenue: [$83.8m](/filings/0001193125-26-349288.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 13, 2026 (XBRL us-gaap:Revenues, accession 0001193125-26-349288).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1.5](/filings/0001213900-25-109604.md) | [4.1 d](/filings/0001213900-26-035981.md) | [4.2](/filings/0001213900-26-057859.md) | [6.3](/filings/0001193125-26-349288.md) | [10.1](/filings/0001213900-25-109604.md) | [30.1 d](/filings/0001213900-26-035981.md) | [50.1](/filings/0001213900-26-057859.md) | [83.8](/filings/0001193125-26-349288.md) |
| Gross margin | % | [3.2%](/filings/0001213900-25-109604.md) | [21.4% d](/filings/0001213900-26-035981.md) | [35.0%](/filings/0001213900-26-057859.md) | [53.1%](/filings/0001193125-26-349288.md) | [25.8%](/filings/0001213900-25-109604.md) | [42.3% d](/filings/0001213900-26-035981.md) | [49.2%](/filings/0001213900-26-057859.md) | [43.1%](/filings/0001193125-26-349288.md) |
| Operating margin | % | [(584.9%)](/filings/0001213900-25-109604.md) | [(206.3%) d](/filings/0001213900-26-035981.md) | [(242.7%)](/filings/0001213900-26-057859.md) | [(147.5%)](/filings/0001193125-26-349288.md) | [(153.5%)](/filings/0001213900-25-109604.md) | [(77.4%) d](/filings/0001213900-26-035981.md) | [(85.1%)](/filings/0001213900-26-057859.md) | [(194.5%)](/filings/0001193125-26-349288.md) |
| Net margin | % | [(643.3%)](/filings/0001213900-25-109604.md) | [(250.3%) d](/filings/0001213900-26-035981.md) | [(332.8%)](/filings/0001193125-26-349288.md) | [(171.4%)](/filings/0001193125-26-349288.md) | [(74.1%)](/filings/0001213900-25-109604.md) | [(331.7%) d](/filings/0001213900-26-035981.md) | [723.8%](/filings/0001193125-26-349288.md) | [(105.5%)](/filings/0001193125-26-349288.md) |
| Diluted EPS | $ per share | [(0.15)](/filings/0001213900-25-109604.md) | not reported | [(0.15)](/filings/0001213900-26-057859.md) | [(0.08)](/filings/0001193125-26-349288.md) | [(0.03)](/filings/0001213900-25-109604.md) | not reported | [0.56](/filings/0001213900-26-057859.md) | [(0.19)](/filings/0001193125-26-349288.md) |
| Free cash flow | $m | [(9.8) d](/filings/0001213900-25-109604.md) | [(8.1) d](/filings/0001213900-26-035981.md) | [(6.8)](/filings/0001213900-26-057859.md) | [(8.5) d](/filings/0001193125-26-349288.md) | [(11.1) d](/filings/0001213900-25-109604.md) | [(14.3) d](/filings/0001213900-26-035981.md) | [(52.6)](/filings/0001213900-26-057859.md) | [(93.8) d](/filings/0001193125-26-349288.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [2.9](/filings/0001213900-23-019939.md) | [2.1](/filings/0001213900-24-028244.md) | [15.7](/filings/0001213900-25-022968.md) | [7.2](/filings/0001213900-26-035981.md) | [50.7](/filings/0001213900-26-035981.md) |
| Gross margin | % | [37.7%](/filings/0001213900-23-019939.md) | [52.2%](/filings/0001213900-24-028244.md) | [40.7%](/filings/0001213900-25-022968.md) | [4.8%](/filings/0001213900-26-035981.md) | [39.7%](/filings/0001213900-26-035981.md) |
| Operating margin | % | [(618.3%)](/filings/0001213900-23-019939.md) | [(3266.0%)](/filings/0001213900-24-028244.md) | [(253.2%)](/filings/0001213900-25-022968.md) | [(481.1%)](/filings/0001213900-26-035981.md) | [(115.1%)](/filings/0001213900-26-035981.md) |
| Net margin | % | [(516.9%)](/filings/0001213900-23-019939.md) | [(3445.3%)](/filings/0001213900-24-028244.md) | [(285.8%)](/filings/0001213900-25-022968.md) | [(528.4%)](/filings/0001213900-26-035981.md) | [(260.7%)](/filings/0001213900-26-035981.md) |
| Diluted EPS | $ per share | [(0.44)](/filings/0001213900-23-019939.md) | [(1.73)](/filings/0001213900-24-028244.md) | [(0.88)](/filings/0001213900-25-022968.md) | [(0.61)](/filings/0001213900-26-035981.md) | [(0.62)](/filings/0001213900-26-035981.md) |
| Free cash flow | $m | [(17.8)](/filings/0001213900-23-019939.md) | [(40.8)](/filings/0001213900-24-028244.md) | [(34.2)](/filings/0001213900-25-022968.md) | [(35.1)](/filings/0001213900-26-035981.md) | [(40.8)](/filings/0001213900-26-035981.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/onds/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $325.5m | 39,500,271 |  | Added +30,188,317 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $180.6m | 21,914,212 |  | Added +3,600,025 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $128.4m | 15,579,626 |  | Added +9,156,487 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $104.8m | 12,715,298 |  | Added +7,414,164 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $102.9m | 12,482,729 |  | Added +12,344,121 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $102.0m | 12,377,600 | Call | Added +1,812,700 |
| [Hood River Capital Management LLC](/funds/1578177.md) | 2026-06-30 | $96.3m | 11,688,295 |  | Added +1,426,484 |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $95.1m | 11,541,600 | Put | Added +2,769,500 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $94.3m | 11,441,930 |  | Added +5,038,920 |
| [VAN ECK ASSOCIATES CORP](/funds/869178.md) | 2026-06-30 | $84.7m | 10,278,737 |  | Added +86,978 |

## Recent filings

[All 788 filings](/companies/onds/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-13 | 08:38 ET | [8-K](/filings/0001213900-26-108757.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001213900-26-108757 |
| 2026-09-23 | 10:42 ET | [8-K](/filings/0001213900-26-102458.md) | 3.02 Unregistered sale of equity; 8.01 Other events; 9.01 Financial statements and exhibits | 0001213900-26-102458 |
| 2026-09-14 | 10:44 ET | [8-K](/filings/0001213900-26-099531.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 3.02 Unregistered sale of equity; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001213900-26-099531 |
| 2026-08-28 | 16:34 ET | [8-K](/filings/0001213900-26-095097.md) | 3.02 Unregistered sale of equity; 8.01 Other events; 9.01 Financial statements and exhibits | 0001213900-26-095097 |
| 2026-08-13 | 16:27 ET | [10-Q](/filings/0001193125-26-349288.md) | Quarterly report, period 2026-06-30 | 0001193125-26-349288 |
| 2026-08-13 | 08:26 ET | [8-K](/filings/0001193125-26-347973.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-347973 |
| 2026-08-11 | 16:41 ET | [8-K/A](/filings/0001193125-26-344860.md) | 9.01 Financial statements and exhibits | 0001193125-26-344860 |
| 2026-08-10 | 08:56 ET | [8-K](/filings/0001193125-26-341399.md) | 2.01 Completion of an acquisition or disposition; 3.02 Unregistered sale of equity; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-341399 |
| 2026-08-07 | 16:30 ET | [8-K](/filings/0001193125-26-340352.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001193125-26-340352 |
| 2026-07-24 | 17:24 ET | [8-K](/filings/0001213900-26-081490.md) | 3.02 Unregistered sale of equity; 8.01 Other events; 9.01 Financial statements and exhibits | 0001213900-26-081490 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001213900-26-035981.md), filed Mar 30, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/fd0509b3-e1ae-42e6-854d-f09fed464ed6)

## About the filer

- CIK: 1646188
- Tickers: ONDS
- Exchange: Nasdaq
- SIC code: 3663 Radio & Tv Broadcasting & Communications Equipment
- State of incorporation: NV
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 12:37 ET. No prices; not investment advice.
