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Ondas Inc.

ONDS

$7.39 ▼ -0.34 (-4.40%) at close

12 Visible periods

28 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Ondas Inc. faces fundamental challenges with weakness in Return on Common Equity (%) and Operating Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $1.6M

Dividend Yield —

Revenue Growth 605.3% ↗

Op. Margin -115.1% ↗

ROIC -13.4% ↗

FCF / Share $-183.89

Trailing P/E —

Price / Book 6.4x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Sep 23, 2026.

12-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$50.73M

↑ +605.3% —

Net Income Profit after all expenses

$-132.24M

↓ -247.9% —

Operating Margin Operating profit as % of sales

-115.1%

↑ +76.1% 2th

FCF / Share Free cash flow per share

$-183.89

↓ -28231.8% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile
Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns ↓

Financial Health ↓

Cash Quality ↓

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Revenue Growth YoY (%)	605.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+7466%)	-54.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-777%)	638.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+7877%)	-26.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-436%)	34.3% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+329%)	575.4% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+7092%)	68.6% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+757%)	-30.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-484%)	4878.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+60879%)	41.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+421%)	—	—
EPS Growth YoY (%)	-1.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	30.7% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	49.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	33.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	-247.9% Weak ↓ Weak Declining Year-over-year change in net income	15.2% Good ↑ Good Improving Year-over-year change in net income	38.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-387.5% Weak ↓ Weak Declining Year-over-year change in net income	-11.5% Weak ↑ Weak Improving Year-over-year change in net income	30.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-60.3% Weak ↑ Weak Improving Year-over-year change in net income	-300.3% Weak ↑ Weak Improving Year-over-year change in net income	-8639.8% Weak Weak Year-over-year change in net income	-74.9% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	—	—	32.9% Excellent Excellent Year-over-year change in free cash flow	68.8% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	187.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	35.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	93.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	87.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	148.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	99.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	287.4% Excellent Excellent Compound annual revenue growth over 3 years	265.5% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	87.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	86.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	141.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	50.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	250.3% Excellent Excellent Compound annual revenue growth over 5 years	254.0% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Operating Margin (%) (%)	-115.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-675%)	-481.1% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2506%)	-253.2% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1366%)	—	—	—	—	—	—	—	—	—
Effective Tax Rate (%) (%)	-0.4% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	16.3% Good Good Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—
Profit Margin (%) (%)	-260.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1838%)	—	-285.8% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2005%)	—	—	—	—	—	—	—	—	—
FCF Margin (%) (%)	-80.4% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-488.0% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-218.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	-348.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—
FCF / Net Income (x)	0.31x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.92x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.76x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	0.56x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.19x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.56x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.76x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.75x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.87x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.84x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Return on Invested Capital (%)	-13.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-164.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-94.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-94.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-13.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-60.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	97.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	44.8% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	23.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	49.8% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	77.1% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-5.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-31.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-43.1% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-70.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-15.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-40.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-360.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-316.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-333.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-611.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	-246.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	-30.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-352%)	-229.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-2010%)	-135.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1228%)	-125.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1148%)	-13.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-212%)	-89.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-845%)	156.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1200%)	81.3% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+577%)	38.2% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+218%)	63.1% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+425%)	97.6% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+713%)	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Interest Coverage (x)	-1424.00x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-37.09x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-9.56x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-18.46x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-31.22x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-5.95x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-5.25x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-3.17x Weak Weak Operating income divided by interest expense Optimal: > 5x	-3.73x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—
Net Debt (USD)	$-550.74M	$-29.96M	—	—	$-40.82M	$-26.06M	$-2.15M	$-1.13M	$-456.02K	$-2.38K	$-5.17K	$-1.50K

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Revenue per Share (USD)	$228.76	—	$0.30	$0.05	$0.51	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$-0.62	$-0.61	$-0.88	$-1.73	$-2.62	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$-183.89	—	$-0.65	$-0.97	$-3.10	—	—	—	—	—	—	—
Book Value per Share (USD)	$1.15	$0.18	$0.53	$1.32	$16.29	$3.38	$-3.74	$-1.76	$-2.81	$-0.11	$-0.04	—
Tangible Book Value per Share (USD)	$0.49	$-0.12	$-0.42	$0.09	$6.10	$3.30	$-3.74	$-1.76	$-2.81	$-0.11	$-0.04	—
Basic Weighted Avg Shares (shares)	221,769	69,917	52.74M	42.24M	5.74M	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Working Capital (USD)	$544.08M	$-3.06M	$-12.33M	$13.08M	$40.03M	$15.40M	$-12.76M	$-15.20M	$-5.16M	—	—	—
Total Equity (USD)	$437.81M	$16.58M	$33.14M	$58.22M	$112.23M	$15.08M	$-12.43M	$-14.88M	$-7.92M	$-54.84K	$-20.26K	$-788.00

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Sales/Revenue/Turnover (USD)	$50.73M	$7.19M	$15.69M	$2.13M	$2.91M	$2.16M	$320.38K	$190.03K	$274.40K	$5.51K	$3.89K	—
Depreciation Expense (USD)	$946.00K	$602.00K	$4.99M	$4.02M	$116.23K	$97.76K	$143.46K	$54.95K	$13.44K	—	—	—
Net Income, GAAP (USD)	$-132.24M	$-38.01M	$-44.84M	$-73.24M	$-15.02M	$-13.48M	$-19.39M	$-12.10M	$-3.02M	$-34.58K	$-19.77K	—
Operating Cash Flow (USD)	$-38.75M	$-33.47M	$-34.02M	$-37.96M	$-16.90M	$-7.53M	$-14.66M	$-8.52M	$-2.63M	$-28.99K	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced yesterday 12 years · 45 quarters

Ondas Inc.

Analytical Summary

12-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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