Saturday 17 October 2026 Export ONDS’s income statement to Excel — free account

Ondas Holdings Inc.

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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Market cap: $3.7B
P/E: 0.0×
Fwd P/E: 19.8×
Dividend yield: —
F-score: 6/9
Altman Z: 1.88
Beneish M: 1.99
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 44.33

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	5	—	—	—	—	2	1	—	1	1	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 3,700.00

Revenue 174.10

Net Income 163.06

Free Cash Flow (171.92)

Net Debt (1,388.84)

Current Ratio 9.85

Debt/Equity 0.00

P/E ratio 0.00

Fwd P/E 19.80

P/S ratio 17.37

P/B ratio 1.92

Past 5Y EPS Growth —

This Y EPS Growth 149.59%

Next Y EPS Growth (208.30%)

Next Y revenue growth 957.93%

Next 5Y EPS Growth 54.09%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 36.52%

10-year low 10-year high

P/B against its own 10 years 31.89%

10-year low 10-year high

EV/Sales against its own 10 years 31.16%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	15	30	616	1,393
Receivables	3	5	22	72
Inventory	2	10	22	52
Other	3	2	25	88
	24	48	686	1,606

	2023	2024	2025	Q'26
Payables	5	6	14	31
ST’ Debt	—	—	—	—
Other	1	0	2	2
	36	51	142	163

Compound Annual Growth %

	10y	5y	3y
Sales	157.88%	87.94%	187.91%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	0.00%	96.49%	96.51%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	50	84	—	—	—
’25	4	6	10	30	51
’24	1	1	1	4	7
’23	3	5	3	5	16
’22	0	1	1	0	2
’21	1	1	0	1	3
’20	0	1	1	0	2

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(51)	(86)	—	—	—
’25	(7)	(8)	(11)	(13)	(39)
’24	(7)	(9)	(9)	(8)	(33)
’23	(13)	(9)	(6)	(6)	(34)
’22	(7)	(8)	(11)	(12)	(38)
’21	(3)	(4)	(5)	(5)	(17)
’20	(2)	(1)	(2)	(3)	(8)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(53)	(94)	—	—	—
’25	(7)	(9)	(11)	(14)	(41)
’24	(9)	(10)	(8)	(8)	(35)
’23	(13)	(9)	(6)	(6)	(34)
’22	(9)	(9)	(12)	(11)	(41)
’21	(3)	(4)	(5)	(6)	(18)
’20	(2)	(1)	(2)	(3)	(8)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.56	(0.19)	—	—	—
’25	(0.15)	(0.08)	(0.03)	(0.41)	(0.62)
’24	(0.17)	(0.14)	(0.15)	(0.14)	(0.61)
’23	(0.30)	(0.18)	(0.15)	(0.26)	(0.88)
’22	(0.24)	(0.27)	(0.32)	(0.90)	(1.73)
’21	(0.12)	(0.10)	(0.13)	(0.10)	(0.44)
’20	(0.14)	(0.16)	(0.17)	(0.19)	(0.66)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	5.70	5.69	1.46	0.32	0.54	0.57	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	10.74	16.00	8.30	2.47	3.14	11.70
People
People	Employees	—	—	35	22	15	74	116	108	124	495
	Revenue/emp, $m	0.00	0.00	0.01	0.01	0.14	0.04	0.02	0.15	0.06	0.10
Income, $m
Income, $m	Revenue	0	0	0	0	2	3	2	16	7	51
	Gross margin, %	(125.45)	70.92	79.32	75.31	42.88	37.70	52.18	40.67	4.80	39.73
	EBT	0	(3)	(12)	(19)	(13)	(18)	(73)	(45)	(38)	(133)
	EBT margin, %	(629.09)	(1,101.38)	(6,366.79)	(6,051.84)	(622.91)	(617.37)	(3,445.38)	(285.79)	(528.39)	(261.95)
	Net income	0	(3)	(12)	(19)	(13)	(15)	(73)	(45)	(38)	(133)
	Depreciation	—	0	1	0	1	2	28	9	8	13
Per share, $
Per share, $	Revenue	0.00	0.02	0.01	0.02	0.11	0.09	0.05	0.30	0.10	0.23
	Earnings	(0.01)	(0.19)	(0.42)	(1.10)	(0.66)	(0.44)	(1.73)	(0.88)	(0.61)	(0.62)
	Cash flow	(0.01)	(0.16)	(0.30)	(0.83)	(0.37)	(0.49)	(0.90)	(0.64)	(0.48)	(0.17)
	Capex	0.00	0.00	(0.02)	(0.02)	0.00	(0.03)	(0.07)	0.00	(0.02)	(0.01)
	Free cash flow	(0.01)	(0.16)	(0.32)	(0.85)	(0.37)	(0.52)	(0.97)	(0.65)	(0.50)	(0.18)
	Book value	(0.02)	(0.49)	(0.52)	(0.71)	0.74	3.28	1.38	0.63	0.24	1.99
	Shares, m	3	16	29	18	20	34	42	53	70	222
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	61.48	61.48	61.48	61.48	88.09	78.91	30.60	6.12	24.88	42.67
	P/B	0.00	0.00	0.00	0.00	12.64	2.04	1.12	2.90	10.79	4.90
	EV/Sales	60.73	60.73	60.73	60.73	76.50	65.00	23.46	5.36	22.93	30.60
	EV/FCF	(14.53)	(14.53)	(14.53)	(14.53)	(21.84)	(10.54)	(1.22)	(2.46)	(4.69)	(37.91)
Cash, $m
Cash, $m	Operating cash flow	0	(3)	(9)	(15)	(8)	(17)	(38)	(34)	(33)	(39)
	Capex	—	—	(1)	0	0	(1)	(3)	0	(2)	(2)
	Free cash flow	0	(3)	(9)	(15)	(8)	(18)	(41)	(34)	(35)	(41)
Balance, $m
Balance, $m	Working capital	0	(5)	(15)	(13)	15	40	13	(12)	(3)	544
	Total debt	0	3	0	1	1	0	14	3	16	4
	Net debt	0	2	(1)	(2)	(25)	(41)	(15)	(12)	(14)	(612)
	Shareholders’ equity	0	(8)	(15)	(12)	15	112	58	33	17	442
Returns, %
Returns, %	ROA	(505.11)	(835.67)	(715.98)	(560.00)	(82.24)	(20.59)	(68.01)	(48.77)	(42.04)	(22.08)
	ROIC	0.00	0.00	0.00	0.00	0.00	(15.66)	(101.04)	(116.99)	(882.16)	0.00
	ROE	92.14	75.78	106.08	141.97	(1,015.90)	(23.60)	(85.94)	(101.49)	(170.64)	(59.85)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
VIAV Viavi Solutions Inc.	$9.1B	— (loss-making)	59.1×	+52.53% (above 0%: growing)	+250.00% (above 0%: growing)	+6,100.00% (above 0%: growing)	59.06%	13.83%	Compare
VSAT Viasat Inc.	$8.5B	— (loss-making)	— (loss-making)	−1.24% (below 0%: shrinking)	n/m	−31.14% (below 0%: shrinking)	35.70%	4.09%	Compare
AAOI Applied Optoelectronics, Inc.	$7.1B	— (loss-making)	202×	+86.42% (above 0%: growing)	n/m	−191.62% (below 0%: shrinking)	27.72%	(12.88%)	Compare
BDC Belden Inc	$4.1B	16.5×	18.8×	+11.63% (above 0%: growing)	+14.29% (above 0%: growing)	+55.69% (above 0%: growing)	39.14%	13.23%	Compare
ONDS Ondas Holdings Inc.	$3.7B	— (loss-making)	19.8×	+1,235.44% (above 0%: growing)	n/m	−1,000.26% (below 0%: shrinking)	43.13%	(194.51%)
EXTR Extreme Networks, Inc.	$3.0B	67.9×	67.1×	+10.28% (above 0%: growing)	n/m	−13.31% (below 0%: shrinking)	62.17%	6.22%	Compare
DGII Digi International Inc.	$2.7B	53.8×	48.2×	+28.98% (above 0%: growing)	+50.00% (above 0%: growing)	+41.46% (above 0%: growing)	64.85%	16.51%	Compare
VISN Vistance Networks, Inc.	$1.4B	0.2×	9.4×	−1.39% (below 0%: shrinking)	+1,671.43% (above 0%: growing)	−200.40% (below 0%: shrinking)	35.33%	(2.78%)	Compare
HLIT Harmonic Inc.	$1.2B	— (loss-making)	32.4×	+53.55% (above 0%: growing)	n/m	+54.60% (above 0%: growing)	52.37%	17.71%	Compare
Median of peers	$3.5B	35.1×	48.2×	+20.31%	+150.00%	+14.08%	45.76%	9.73%

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