Ondas financials
$7.48−2.60%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $83.8M | $50.1M | $30.1M | $10.1M | $6.3M | $4.2M | $4.1M | $1.5M | $957.9K | $625.0K | $5.0M | $2.7M |
| Gross profit | $36.1M | $24.7M | $12.7M | $2.6M | $3.3M | $1.5M | $883.3K | $47.6K | -$190.9K | -$395.0K | $1.7M | $554.9K |
| Gross margin | 43.1% | 49.2% | 42.3% | 25.8% | 53.1% | 35.0% | 21.4% | 3.2% | −19.9% | −63.2% | 34.8% | 20.8% |
| Operating income | -$162.9M | -$42.7M | -$23.3M | -$15.5M | -$9.3M | -$10.3M | -$8.5M | -$8.7M | -$8.3M | -$9.1M | -$11.1M | -$5.9M |
| Net income | -$88.6M | $257.7M | -$101.0M | -$8.8M | -$12.0M | -$15.3M | -$11.5M | -$10.7M | -$9.4M | -$10.8M | -$15.0M | -$7.9M |
| Net margin | −105.7% | 514.2% | −335.5% | −87.0% | −191.6% | −361.2% | −279.0% | −720.7% | −979.1% | −1735.8% | −302.9% | −297.0% |
| Diluted EPS | $-0.19 | $0.56 | $-0.27 | $-0.03 | $-0.08 | $-0.15 | $-0.14 | $-0.15 | $-0.14 | $-0.17 | $-0.26 | $-0.15 |
| EBITDA | -$143.4M | -$36.4M | -$20.3M | -$14.2M | -$8.0M | -$9.1M | -$7.3M | -$7.4M | -$7.1M | -$8.0M | -$9.9M | -$4.6M |
| Operating cash flow | -$86.1M | -$51.3M | -$12.7M | -$11.0M | -$8.4M | -$6.7M | -$8.1M | -$9.1M | -$8.8M | -$7.5M | -$5.9M | -$6.2M |
| Free cash flow | -$93.8M | -$52.6M | -$14.3M | -$11.1M | -$8.5M | -$6.8M | -$8.1M | -$9.8M | -$9.9M | -$8.6M | -$6.0M | -$6.3M |
| Diluted shares | 503.6M | 461.7M | 371.5M | 259.9M | 150.7M | 105.0M | 79.5M | 70.7M | 66.4M | 63.0M | 58.3M | 53.9M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $657.9M | $1.03B | $550.7M | $432.8M | $67.6M | $25.4M |
| Short-term investments | $726.6M | $447.8M | $21.8M | $18.8M | $0.00 | $0.00 |
| Total debt | $6.4M | $4.4M | $7.5M | $5.9M | $11.0M | $36.2M |
| Total assets | $2.99B | $2.44B | $1.13B | $550.2M | $152.0M | $104.6M |
| Total liabilities | $1.42B | $1.36B | $661.2M | $39.8M | $39.3M | $58.0M |
| Shareholders' equity | $1.58B | $1.08B | $441.8M | $487.2M | $90.8M | $26.1M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology