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.

Revenue
+1,235.4%
EPS
−125.0%
Free cash flow
−1,000.3%
Total debt
+1,276.0%

Quarter to June 2026, against a year earlier

5.24 0.72 +15.93%
Market cap
$2.6B
P/E
0.0×
Fwd P/E
23.4×
Dividend yield
—
F-score
6/9
Altman Z
1.88
Beneish M
1.99
Dividend safety
n/a

Ondas Holdings Inc. (ONDS) Free cash flow margin

Alert me on Free cash flow margin

Ondas Holdings Inc.'s free cash flow margin over the twelve months to 30 June 2026 was −98.8%, down 18.2 percentage points from fiscal 2025 (−80.6%). Over the past ten years it has ranged from −4,797.4% (fiscal 2018) to −80.6% (fiscal 2025) — the current reading is the highest in ten years. That is below the Communication Equipment industry median of 0.27% and below the Technology sector median of 0.67%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 −80.6% 408.80
FY2024 −489.4% (271.11)
FY2023 −218.3% 1,705.40
FY2022 −1,923.7% (1,307.08)
FY2021 −616.6% (266.55)
FY2020 −350.1% 4,336.72
FY2019 −4,686.8% 110.60
FY2018 −4,797.4% (3,838.73)
FY2017 −958.6% (431.37)
FY2016 −527.3% 0.94

Against its own ten years

Low −4,797.4% High −80.6%
Ten-year median −528.2%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
DGII Digi International Inc. compare 26.9%
VIAV Viavi Solutions Inc. compare 14.5%
VSAT Viasat Inc. compare 12.5%
EXTR Extreme Networks, Inc. compare 11.8%
BDC Belden Inc compare 7.30%
VISN Vistance Networks, Inc. compare 4.77%
HLIT Harmonic Inc. compare −5.50%
AAOI Applied Optoelectronics, Inc. compare −14.3%
ONDS Ondas Holdings Inc. −98.8%
Communication Equipment industry median 0.27%
Technology sector median 0.67%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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