ONDS on Nasdaq

Ondas

Logo: ondas.com3

American holding company in the arms industry.1

Price unavailable

Last updated Oct 18, 2026.

Overview

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  • TickerONDS on Nasdaq1
  • IndustryRadio & Tv Broadcasting & Communications Equipment1
  • HeadquartersSunnyvale, United States1
  • Websitewww.ondas.com
  • Incorporated inNV4
  • Business address222 Lakeview Avenue, Suite 800, West Palm Beach, Fl 334014
  • Filer categoryNon-accelerated filer, Smaller reporting company4
Ondas image from its website
Image: ondas.com3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

39.7%Gross margin5
-115.1%Operating margin5
-260.7%Net margin5
605.3%Revenue growth, 20255
-30.2%Return on equity5
-$40.8MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product Revenue brought in 68% of the revenue Ondas broke down this way in fiscal 2025.

  1. Product Revenue$34.6M568%up 1137% from 2024
  2. Service Revenue$10.2M520%up 311% from 2024
  3. Development Revenue$5.9M512%up 210% from 2024
  4. Service And Subscription Revenue$10.2K50%up 311% from 2024
Products and services by year
Products and services20242025
Product Revenue$2.8M$34.6M
Service Revenue$2.5M$10.2M
Development Revenue$1.9M$5.9M
Service And Subscription Revenue$2.5K$10.2K

Regions

Israel brought in 61% of the revenue Ondas broke down this way in fiscal 2025.

  1. Israel$30.8M561%up 620% from 2024
  2. Other Countries$7.8M515%up 2283% from 2024
  3. DEMember$6.6M513%
  4. AE$3.9M58%up 417% from 2024
  5. United States$1.6M53%down 14% from 2024
Regions by year
Regions20242025
Israel$4.3M$30.8M
Other Countries$329.0K$7.8M
DEMember$6.6M
AE$753.0K$3.9M
United States$1.8M$1.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue59¢$30.6M
  • Research and development40¢$20.9M
  • Income tax1¢$488.0K

Out of $50.7M in revenue.5 The company lost money this year.

Financial statements

Revenue6789105$50.7M in 2025+15734% since 2019
0$20.0M$40.0M$60.0M2019: $320.4K$320.4K20192020: $2.2M$2.2M2020+575%2021: $2.9M$2.9M2021+34%2022: $2.1M$2.1M2022−27%2023: $15.7M$15.7M2023+638%2024: $7.2M$7.2M2024−54%2025: $50.7M$50.7M2025+605%
Gross profit6789105$20.2M in 2025+8255% since 2019
0$10.0M$20.0M$30.0M2019: $241.3K$241.3K20192020: $927.7K$927.7K2020+285%2021: $1.1M$1.1M2021+18%2022: $1.1M$1.1M2022+1%2023: $6.4M$6.4M2023+475%2024: $345.0K$345.0K2024−95%2025: $20.2M$20.2M2025+5742%
Operating income6789105-$58.4M in 2025+280% since 2019
-$80.0M-$60.0M-$40.0M-$20.0M02019: -$15.4M-$15.4M20192020: -$11.5M-$11.5M2020−25%2021: -$18.0M-$18.0M2021+56%2022: -$69.4M-$69.4M2022+286%2023: -$39.7M-$39.7M2023−43%2024: -$34.6M-$34.6M2024−13%2025: -$58.4M-$58.4M2025+69%
Net income6789105-$132.2M in 2025+582% since 2019
-$150.0M-$100.0M-$50.0M02019: -$19.4M-$19.4M20192020: -$13.5M-$13.5M2020−30%2021: -$15.0M-$15.0M2021+11%2022: -$73.2M-$73.2M2022+388%2023: -$44.8M-$44.8M2023−39%2024: -$38.0M-$38.0M2024−15%2025: -$132.2M-$132.2M2025+248%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Revenues, net$50.7M$7.2M
Cost of goods sold$30.6M$6.8M
Gross profit$20.2M$345.0K
General and administrative$44.5M$17.1M
Sales and marketing$13.2M$5.3M
Research and development$20.9M$12.5M
Total operating expenses$78.5M$35.0M
Operating loss-$58.4M-$34.6M
Other income (expense), net$11.0K-$20.0K
Change in fair value of warrant liability, net-$82.2M
Change in fair value of government grant liability-$204.0K$95.0K
Interest and dividend income$9.1M$235.0K
Unrealized gain on investments$5.4M
Interest expense-$6.6M-$3.6M
Foreign exchange gain (loss), net-$27.0K-$88.0K
Total other income (expense), net-$74.5M-$3.4M
Loss before provision for income taxes-$132.9M-$38.0M
Provision for income taxes$488.0K
Net loss-$133.4M-$38.0M
Less preferred dividends attributable to noncontrolling interest$1.6M$1.5M
Less deemed dividends attributable to accretion of redemption value$3.6M$2.9M
Less net loss attributable to noncontrolling interest-$1.4M
Net loss attributable to Ondas Inc. stockholders-$137.2M-$42.4M
Net loss per share - basic (in Dollars per share)-$0.62-$0.61
Net loss per share - diluted (in Dollars per share)-$0.62-$0.61
Weighted average number of common shares outstanding, basic (in Shares)221.8K shares69.9K shares
Weighted average number of common shares outstanding, diluted (in Shares)221.8K shares69.9K shares

Compare Ondas with another company

Leadership

Who has led Ondas, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (8)

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Former names

  • Ondas Holdings Inc.Oct 15, 2018 to Jan 12, 20264
  • ZEV VENTURES INC.Jun 26, 2015 to Oct 5, 20184

Timeline

  1. Jan 31, 2019New chief executive Eric A. Brock becomes CEO14
  2. Dec 22, 2014Founded Ondas is founded29

Filings

586 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 242 major events, 103 insider forms, 20 large holders, 10 private raises, 191 other. The latest 20:

  1. Oct 13, 20268-K CURRENT REPORT EDGAR
  2. Sep 24, 20264 EDGAR
  3. Sep 24, 2026144 EDGAR
  4. Sep 23, 20268-K CURRENT REPORT EDGAR
  5. Sep 23, 2026424B7 PROSPECTUS SUPPLEMENT EDGAR
  6. Sep 14, 20268-K CURRENT REPORT EDGAR
  7. Sep 14, 2026424B7 PROSPECTUS SUPPLEMENT EDGAR
  8. Aug 28, 20268-K CURRENT REPORT EDGAR
  9. Aug 28, 2026424B7 PROSPECTUS SUPPLEMENT EDGAR
  10. Aug 21, 2026D EDGAR
  11. Aug 20, 20264 EDGAR
  12. Aug 18, 2026144 EDGAR
  13. Aug 14, 20264 EDGAR
  14. Aug 14, 20264 EDGAR
  15. Aug 14, 20264 EDGAR
  16. Aug 14, 20264 EDGAR
  17. Aug 14, 2026144 EDGAR
  18. Aug 14, 2026144 EDGAR
  19. Aug 14, 2026144 EDGAR
  20. Aug 14, 2026144 EDGAR

The 586 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 20 such filings since October 2021, the latest 10:

  1. Jul 31, 2026SCHEDULE 13G
  2. Jul 29, 2026SCHEDULE 13G
  3. Jul 6, 2026SCHEDULE 13G
  4. Mar 27, 2026SCHEDULE 13G/A
  5. Feb 17, 2026SCHEDULE 13G/A
  6. Feb 9, 2026SCHEDULE 13G/A
  7. Feb 2, 2026SCHEDULE 13G/A
  8. Jan 30, 2026SCHEDULE 13G
  9. Nov 21, 2025SCHEDULE 13G
  10. Nov 14, 2025SCHEDULE 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Aug 10, 2026Raised $4.7 million in a private offering of equity Form D: 4 investors so far Form D
  2. Jul 2, 2026Raised $675.5 million in a private offering of equity Form D: 3 investors so far Form D
  3. Apr 24, 2026Filed a private offering of equity Form D: 1 investor so far Form D
  4. Apr 1, 2026Filed a private offering of equity Form D: 232 investors so far Form D
  5. Oct 29, 2025Filed a private offering of equity Form D: 2 investors so far Form D
  6. Feb 26, 2024Raised $4.5 million in a private offering of securities Form D: 9 investors so far Form D
  7. Aug 11, 2023Raised $3.5 million in a private offering of securities Form D: 1 investor so far Form D
  8. Jul 21, 2023Raised $11.5 million in a private offering of securities Form D: 1 investor so far Form D
  9. Apr 5, 2022Filed a private offering of equity Form D: 1 investor so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.39,500,271$325.5M0.0%+30,188,317
Vanguard Capital Management LLC21,914,212$180.6M0.0%+3,600,025
State Street Corp15,579,626$128.4M0.0%+9,156,487
Geode Capital Management, LLC12,715,298$104.8M0.0%+7,414,164
Vanguard Portfolio Management LLC12,482,729$102.9M0.0%+12,344,121
Hood River Capital Management LLC11,688,295$96.3M0.7%+1,426,484
Morgan Stanley11,441,930$94.3M0.0%+5,038,920
Van Eck Associates Corp10,278,737$84.7M0.1%+86,978
UBS Group AG6,872,057$56.6M0.0%+3,227,936
Marex Group Ltd6,807,921$56.1M0.4%+1,885,210
Jpmorgan Chase & Co6,593,434$53.1M0.0%−349,810
Northern Trust Corp4,397,076$36.2M0.0%+3,268,823
Voloridge Investment Management, LLC4,262,785$35.1M0.1%New
Charles Schwab Investment Management Inc4,127,286$34.0M0.0%+1,417,030
Cantor Fitzgerald, L. P.3,827,592$31.5M0.3%+933,155
Citadel Advisors LLC3,713,296$30.6M0.0%+3,244,935
Vanguard Fiduciary Trust Co3,539,806$29.2M0.0%+833,656
Tremblant Capital Group3,366,218$27.7M0.8%New
Goldman Sachs Group Inc3,315,808$27.3M0.0%−1,921,815
Mercer Global Advisors Inc /adv3,068,982$25.3M0.0%+504,357
Clear Street Group Inc.3,003,419$24.7M0.1%−385,042
Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD2,999,540$24.7M1.0%+1,159,798
Exchange Traded Concepts, LLC2,934,596$24.2M0.1%+358,108
RFG Advisory, LLC2,787,202$23.0M0.4%+1,012,353
Vident Advisory, LLC2,772,201$22.8M0.2%+1,669,987

13F reports cover disclosed long positions in U.S. stocks only.