11 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $51M | -$133M | 39.7% | -115.1% | -30.5% | -11.8% | -$41M | — | $551M |
| 2024 | $7M | -$38M | 4.8% | -481.1% | -229.2% | -34.7% | -$35M | $300000 | $30M |
| 2023 | $16M | -$45M | 40.7% | -253.2% | -135.3% | -48.7% | -$34M | — | — |
| 2022 | $2M | -$73M | 52.2% | -3266.0% | -125.8% | -74.8% | -$41M | — | $30M |
| 2021 | $3M | -$15M | 37.7% | -618.3% | -13.4% | -12.8% | -$18M | $300000 | $41M |
| 2020 | $2M | -$13M | 42.9% | -532.6% | -89.4% | -47.3% | -$8M | $8M | $26M |
| 2019 | $320383 | -$19M | 75.3% | -4798.0% | 156.0% | -454.8% | -$15M | $11M | $2M |
| 2018 | $190029 | -$12M | 79.3% | -4439.1% | 81.3% | -454.5% | -$9M | — | $1M |
| 2017 | $274403 | -$3M | 70.9% | -872.6% | 38.2% | -421.1% | — | — | $456018 |
| 2016 | — | -$34580 | — | — | 0.7% | -611.0% | — | — | $45248 |
| 2015 | — | -$19775 | — | — | 97.6% | -246.0% | — | — | $5174 |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $84M | -$88M | 43.1% | -194.5% | -5.6% | -3.0% | -$94M | — | $658M |
| Mar '26 | $50M | $363M | 49.2% | -85.1% | 33.8% | 14.9% | -$53M | — | $1.0B |
| Dec '25 | $30M | -$100M | 42.3% | -77.4% | -22.8% | -8.8% | -$14M | — | $551M |
| Sep '25 | $10M | -$7M | 25.8% | -153.5% | -1.5% | -1.4% | -$11M | — | $433M |
| Jun '25 | $6M | -$11M | 53.1% | -147.5% | -11.8% | -7.1% | -$9M | — | $68M |
| Mar '25 | $4M | -$14M | 35.0% | -242.7% | -54.2% | -13.5% | -$7M | — | — |
| Dec '24 | $4M | -$10M | 21.4% | -206.3% | -62.3% | -9.4% | -$8M | $300000 | $30M |
| Sep '24 | $1M | -$10M | 3.2% | -584.9% | -63.9% | -11.9% | -$8M | — | — |
| Jun '24 | $957851 | -$8M | -19.9% | -866.9% | -42.6% | -10.0% | -$10M | — | — |
| Mar '24 | $625009 | -$10M | -63.2% | -1460.3% | -35.6% | -10.8% | -$9M | — | — |
| Dec '23 | $5M | -$14M | 34.8% | -254.9% | -42.7% | -15.3% | -$6M | — | — |
| Sep '23 | $3M | -$7M | 20.8% | -222.6% | -16.1% | -7.2% | -$6M | — | $21M |
| Jun '23 | $5M | -$9M | 56.2% | -155.4% | -18.1% | -10.6% | -$9M | — | $3M |
| Mar '23 | $3M | -$14M | 39.6% | -487.4% | -26.7% | -15.4% | -$13M | — | $14M |
| Dec '22 | $478912 | -$38M | 56.1% | -7207.2% | -65.7% | -39.1% | -$11M | — | $30M |
| Sep '22 | $632489 | -$14M | 63.2% | -2142.1% | -14.5% | -13.2% | -$12M | — | $15M |
| Jun '22 | $604219 | -$11M | 52.7% | -1882.3% | -10.8% | -10.0% | -$9M | — | $28M |
| Mar '22 | $410198 | -$10M | 29.8% | -2435.7% | -9.7% | -8.9% | -$9M | — | $32M |
| Dec '21 | $571246 | -$4M | 29.1% | -1232.5% | -3.7% | -3.5% | -$6M | $300000 | $41M |
| Sep '21 | $283329 | -$5M | 4.8% | -1734.2% | -4.3% | -3.7% | -$5M | $300000 | $47M |
How the market has priced ONDS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Ondas Inc.'s revenue has grown 87.9% per year. These are computed facts, not advice.
As of FY2025, Ondas Inc. reported — of total debt against $551M of cash; operating income covered interest expense -8.9×.
In FY2025, gross margin was 39.7%, operating margin -115.1%, and net margin -262.9%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.