Ondas financials
$7.48−2.60%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 |
|---|---|---|---|---|---|---|
| Revenue | $50.7M | $7.2M | $15.7M | $2.1M | $2.9M | $2.2M |
| Gross profit | $20.2M | $345.0K | $6.4M | $1.1M | $1.1M | $927.7K |
| Gross margin | 39.7% | 4.8% | 40.7% | 52.2% | 37.7% | 42.9% |
| Operating income | -$58.4M | -$34.6M | -$38.2M | -$69.4M | -$18.0M | -$11.5M |
| Net income | -$137.2M | -$42.4M | -$46.4M | -$73.2M | -$15.0M | -$13.5M |
| Net margin | −270.4% | −589.7% | −295.4% | −3445.3% | −516.9% | −622.9% |
| Diluted EPS | $-0.62 | $-0.61 | $-0.88 | $-1.73 | $-0.44 | $-0.66 |
| EBITDA | -$51.6M | -$29.8M | -$33.2M | -$46.0M | -$16.2M | -$11.1M |
| Operating cash flow | -$38.7M | -$33.5M | -$34.0M | -$38.0M | -$16.9M | -$7.5M |
| Free cash flow | -$40.8M | -$35.1M | -$34.2M | -$40.8M | -$17.8M | -$7.5M |
| Diluted shares | 221.8M | 69.9M | 52.7M | 42.2M | 34.2M | 20.4M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $550.7M | $30.0M | $15.0M | $29.8M | $40.8M | $26.1M |
| Short-term investments | $21.8M | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $7.5M | $54.2M | $28.5M | $30.3M | $300.0K | $8.0M |
| Total assets | $1.13B | $109.6M | $92.2M | $97.9M | $117.4M | $28.5M |
| Total liabilities | $661.2M | $73.7M | $47.1M | $39.7M | $5.2M | $13.4M |
| Shareholders' equity | $441.8M | $16.6M | $33.1M | $58.2M | $112.2M | $15.1M |
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