Saturday 17 October 2026
Export ONDS’s income statement to Excel — free account
Ondas Holdings Inc.
ONDS Technology Communication Equipment
Ondas Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $50.7 million, up 605.3% from fiscal 2024. In the quarter to June 2026, revenue grew 1,235.4%, EPS fell 125.0%, free cash flow fell 1,000.3% and total debt rose 1,276.0%, each against the same quarter a year earlier.
6.04
0.31
−4.88%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
6 | 3 | 4 | 2 | 3 | 5 | 5 | 4 | 3 | — |
Altman Z-Score |
1.88 | (2.87) | (3.61) | (3.34) | 25.41 | 4.70 | — | — | — | — |
P/S ratio |
42.67 | 24.88 | 6.12 | 30.60 | 78.91 | 88.09 | 61.48 | 61.48 | 61.48 | 61.48 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
2.42 | (9.15) | (10.20) | (7.46) | 21.62 | (5.45) | (84.23) | (99.33) | (162.68) | (136.32) |
P/Operating CF |
(170.05) | (22.07) | (16.24) | (5.53) | (43.51) | (71.67) | (57.60) | (57.60) | (57.60) | (57.60) |
Beneish M-Score |
1.99 | 2.55 | 6.20 | (8.35) | 29.75 | 1.52 | (6.35) | (9.25) | 36.45 | — |
P/B ratio |
4.90 | 10.79 | 2.90 | 1.12 | 2.04 | 12.64 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Tangible BV |
40.75 | 0.00 | 0.00 | 17.34 | 5.46 | 12.96 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
30.60 | 22.93 | 5.36 | 23.46 | 65.00 | 76.50 | 60.73 | 60.73 | 60.73 | 60.73 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
(40.06) | (4.93) | (2.47) | (1.31) | (11.18) | (21.97) | (14.63) | (14.63) | (14.63) | (14.63) |
EV/FCF |
(37.91) | (4.69) | (2.46) | (1.22) | (10.54) | (21.84) | (14.53) | (14.53) | (14.53) | (14.53) |
Quick Ratio |
4.50 | 0.70 | 0.51 | 1.31 | 9.09 | 2.09 | 0.14 | 0.07 | 0.08 | 0.07 |
Current Ratio |
4.84 | 0.94 | 0.66 | 1.58 | 9.66 | 2.23 | 0.21 | 0.12 | 0.12 | 0.09 |
Net Debt/EBITDA |
13.45 | 0.53 | 0.39 | 0.37 | 2.53 | 2.42 | 0.11 | 0.11 | (1.02) | (1.45) |
Debt/Assets |
0.34% | 14.48% | 3.38% | 14.80% | 0.26% | 3.18% | 12.66% | 11.27% | 387.03% | 921.05% |
Debt/Equity |
0.01 | 0.96 | 0.09 | 0.25 | 0.00 | 0.06 | (0.04) | (0.02) | (0.35) | (0.96) |
Asset Turnover |
0.08 | 0.07 | 0.17 | 0.02 | 0.04 | 0.13 | 0.09 | 0.11 | 0.76 | 0.80 |
Operating CF/Net income |
0.28 | 0.79 | 0.73 | 0.52 | 1.12 | 0.56 | 0.76 | 0.70 | 0.87 | 0.84 |
Capex/Depreciation |
(0.17) | (0.21) | (0.03) | (0.11) | (0.53) | (0.04) | (0.72) | (0.67) | 0.00 | — |
Interest Coverage |
(8.88) | (9.56) | (9.56) | (18.46) | (31.22) | (5.95) | (5.25) | (3.17) | (3.73) | — |
| (59.85%) | (170.64%) | (101.49%) | (85.94%) | (23.60%) | (1,015.90%) | 141.97% | 106.08% | 75.78% | 92.14% | |
| (22.08%) | (42.04%) | (48.77%) | (68.01%) | (20.59%) | (82.24%) | (560.00%) | (715.98%) | (835.67%) | (505.11%) | |
ROIC |
0.00% | (882.16%) | (116.99%) | (101.04%) | (15.66%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Return on Tangible Assets |
(24.75%) | 9,025.32% | 568.27% | (454.95%) | (36.59%) | (86.58%) | 155.04% | 82.28% | 58.75% | 63.14% |
Average Days of Receivables |
160.85 | 265.03 | 79.79 | 17.91 | 152.34 | 8.03 | 23.01 | 58.40 | 42.43 | 119.45 |
Research and Development Expense of Revenue |
41.16% | 173.45% | 109.26% | 1,131.06% | 199.55% | 165.76% | 1,690.51% | 1,619.21% | 365.38% | 0.00% |
Selling, General and Administrative Expense of Revenue |
113.66% | 312.50% | 175.03% | 1,273.64% | 456.48% | 409.71% | 3,182.52% | 2,899.84% | 578.10% | 503.64% |
Intangible Assets out of Total Assets |
0.34 | 0.50 | 0.64 | 0.56 | 0.60 | 0.01 | 0.08 | 0.02 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
31.57% | 17.59% | 6.67% | 275.54% | 111.93% | 216.13% | 292.79% | 0.00% | 0.44% | 0.00% |
Graham Net Nets |
0.00 | (0.25) | (0.37) | (0.06) | 0.17 | 0.08 | (0.12) | (0.12) | (0.12) | (0.12) |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.18 | 2.23 | 1.43 | 0.07 |
Earnings Yield |
(6.86%) | (23.44%) | (48.90%) | (112.34%) | (6.71%) | (7.07%) | (20.41%) | (20.41%) | (20.41%) | (20.41%) |
Free Cash Flow Yield |
(1.89%) | (19.67%) | (35.68%) | (62.86%) | (7.82%) | (3.98%) | (6.80%) | (6.80%) | (6.80%) | (6.80%) |
Revenue per Share |
0.23 | 0.10 | 0.30 | 0.05 | 0.09 | 0.11 | 0.02 | 0.01 | 0.02 | 0.00 |
Operating CF per Share |
(0.17) | (0.48) | (0.64) | (0.90) | (0.49) | (0.37) | (0.83) | (0.30) | (0.16) | (0.01) |
Capex per Share |
(0.01) | (0.02) | 0.00 | (0.07) | (0.03) | 0.00 | (0.02) | (0.02) | 0.00 | 0.00 |
Free Cash Flow per Share |
(0.18) | (0.50) | (0.65) | (0.97) | (0.52) | (0.37) | (0.85) | (0.32) | (0.16) | (0.01) |
Cash per Share |
2.78 | 0.43 | 0.28 | 0.70 | 1.19 | 1.28 | 0.12 | 0.04 | 0.03 | 0.00 |
Shareholders Equity per Share |
1.99 | 0.24 | 0.63 | 1.38 | 3.28 | 0.74 | (0.71) | (0.52) | (0.49) | (0.02) |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
1.99 | 0.24 | 0.63 | 1.38 | 3.28 | 0.74 | (0.71) | (0.52) | (0.49) | (0.02) |
Free Cash Flow |
(40.88) | (35.20) | (34.25) | (40.89) | (17.92) | (7.57) | (15.02) | (9.11) | (2.63) | (0.03) |
Working Capital |
544.08 | (3.06) | (12.33) | 13.08 | 40.03 | 15.40 | (12.76) | (15.20) | (5.16) | (0.05) |
Capital Expenditures |
(2.14) | (1.73) | (0.23) | (2.93) | (1.03) | (0.04) | (0.35) | (0.60) | — | — |
Net Current Asset Value |
(5.12) | (45.52) | (35.42) | (3.92) | 39.45 | 14.46 | (13.39) | (15.50) | (7.93) | (0.05) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.04 | 0.24 | 0.01 | 1.38 | 0.35 | 0.02 | 1.10 | 3.15 | 0.00 | 0.00 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
1.26 | 3.17 | 2.20 | 9.20 | 1.88 | 6.81 | 1.94 | 1.77 | 9.31 | — |
Cash ROIC |
(3.85%) | (56.37%) | (66.81%) | (39.90%) | (11.69%) | (18.01%) | 154.22% | 67.74% | 56.11% | (29,000.00%) |
Accounts Receivable Turnover |
3.68 | 1.66 | 8.88 | 3.23 | 4.61 | 63.83 | 12.66 | 6.10 | 16.28 | 4.58 |
Accounts Payable Turnover |
3.13 | 1.26 | 2.29 | 0.38 | 0.76 | 0.53 | 0.05 | 0.04 | 0.20 | 2.48 |
Inventory Turnover |
1.92 | 1.14 | 4.27 | 0.61 | 1.55 | 1.57 | 0.20 | 0.15 | 0.91 | 5.64 |
Average Days of Payables |
165.61 | 301.68 | 202.96 | 1,064.74 | 485.97 | 699.29 | 10,715.59 | 10,300.60 | 3,639.94 | 235.48 |
Days of Inventory on Hand |
262.19 | 523.51 | 85.72 | 780.12 | 237.49 | 340.20 | 1,972.66 | 3,222.93 | 792.66 | 44.15 |
Average Receivables |
13.79 | 4.33 | 1.77 | 0.66 | 0.63 | 0.03 | 0.03 | 0.03 | 0.02 | 0.00 |
Average Payables |
9.77 | 5.42 | 4.07 | 2.69 | 2.39 | 2.35 | 1.72 | 0.95 | 0.40 | 0.01 |
Average Inventory |
15.89 | 6.00 | 2.18 | 1.68 | 1.17 | 0.79 | 0.39 | 0.26 | 0.09 | 0.00 |
Average Assets |
621.23 | 100.89 | 95.05 | 107.69 | 72.98 | 16.39 | 3.46 | 1.69 | 0.36 | 0.01 |
Average Common Equity |
229.20 | 24.86 | 45.68 | 85.23 | 63.66 | 1.33 | (13.66) | (11.40) | (3.99) | (0.04) |
Columns are period end dates