Ondas Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $50.7 | $7.2 | $15.7 | $2.1 | $2.9 |
| Operating income | -$58.4 | -$34.6 | -$39.7 | -$69.4 | -$18.0 |
| Net income | -$132.2 | -$38.0 | -$44.8 | -$73.2 | -$15.0 |
| Balance Sheet | |||||
| Total debt | — | — | — | $0.5 | — |
| Cash Flow Statement | |||||
| Free cash flow | -$40.8 | -$35.1 | -$34.2 | -$40.8 | -$17.8 |
Shares outstanding 570.6M · Free float 93.0%
Annual filing data through FY ended December 31, 2025; float as of September 11, 2026.
Coverage
September 28, 2026
QBook
Stronger demand supports expansion as pricing diverges
September 25, 2026
Industry Earnings Roundup
Apple's Double-Digit Growth Anchors Hardware Demand
September 24, 2026
Deals
Ondas to Buy Three Defense Firms in $56 Million Mixed Deal
September 15, 2026
Deals
Ondas to Buy GATE Technologies in $205 Million Mixed Deal
August 10, 2026
Deals
Ondas to Buy Cyberhawk in $125 Million Mostly Cash Deal
July 9, 2026
Small-Cap Signal
Agentic AI Drives Explosive Small-Cap Infrastructure Demand
July 4, 2026
Filings Beige Book
Companies Report Firm Demand, Relentless Cost Pressure
June 25, 2026
Small-Cap Signal
Homeowners Lock In Rates and Reinvest in Houses
June 18, 2026
Deals
Ondas to Buy Cyberhawk in $125 Million Mixed-Structure Deal