ONDS

Ondas Inc. Information Technology Radio & Tv Broadcasting & Communications Equipment Russell 3000
$6.32Close $2.4BMarket cap $5.25 – $14.0152-week range Nov 12, 2026Next report · before the open

Highlights

Cautions

  • Not in an uptrend 0 of 8 trend conditions
  • Lagging the market RS 10 · weaker than 90% of stocks over 12 months
  • Far from its high 55% below its 52-week high
  • Results soon Nov 12, 2026, in 11 days

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Aug 13, 2026
Off 12-month high 55%
1wk up 1.9% price change
1mo down 13.8% price change
12-month return 0% market up 11% · its own down 17%
F-score 5 / 9 Mixed
Altman Z 2.18 Moderate risk
P/E — price / earnings
PEG — P/E / EPS growth
P/B 5.5× price / book
Earnings yield down 3.1% EBIT / enterprise value
Cheaper than 22% of the market · expensive
Revenue growth up 605% year on year
EPS growth — latest quarter
Sales growth up 1235% latest quarter · +156 pts
ROE down 59% return on equity
Free cash margin down 80% -$40.8M FCF
D/E — long-term debt / equity
Net debt / EBITDA —
Interest cover —EBIT / interest
Piotroski tests
  • not yet profitable on its assets
  • operating cash flow is negative
  • profitability slipped from last year
  • issued more shares
  • profits backed by cash
  • reduced long-term debt
  • short-term liquidity improved
  • gross margin widened
  • assets working harder

Repair signals

  • Gross margin 4.8% → 39.7%
  • Revenue reaccelerating (-54% then +605%)

Trade setup

ATR% 6.7% $0.42 a day · 2×ATR $5.48
RS 10 / 99 vs the universe
Trend 0 / 8 trend template
Relative volume 0.7× vs 50-day average
Up/down volume 0.96 50 sessions
Implied move — no option chain · report Nov 12, 2026
Trend template · 0 of 8

Screen verdict

Did not qualify for any screen.

Warning signs

1 flagged
  • Shareholders diluted The share count rose 308.7% over the year, from 93m to 381m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported Aug 13, 2026
Results reaction Aug 13, 2026-6% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $50.7M +605% on FY2024
$0 $100M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $2.2M FY2021 · $2.9M FY2022 · $2.1M FY2023 · $15.7M FY2024 · $7.2M FY2025 · $50.7M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology -$133.4M
-$200M $0 FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$13.5M FY2021 · -$15.0M FY2022 · -$73.2M FY2023 · -$44.8M FY2024 · -$38.0M FY2025 · -$133.4M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology -$40.8M
-$50M $0 FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$7.5M FY2021 · -$17.8M FY2022 · -$40.8M FY2023 · -$34.2M FY2024 · -$35.1M FY2025 · -$40.8M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 40%
  • Net -263%
  • Free cash -80%
-5000% 0% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 43% · Net -623% · Free cash -349% FY2021 · Gross 38% · Net -517% · Free cash -613% FY2022 · Gross 52% · Net -3445% · Free cash -1921% FY2023 · Gross 41% · Net -286% · Free cash -218% FY2024 · Gross 5% · Net -528% · Free cash -488% FY2025 · Gross 40% · Net -263% · Free cash -80%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology
  • Cash
  • Long-term debt
$0 $1B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $26.1M · Long-term debt $907,000 FY2021 · Cash $40.8M · Long-term debt $300,000 FY2022 · Cash $29.8M · Long-term debt $500,000 FY2023 · Cash $15.0M FY2024 · Cash $30.0M · Long-term debt $300,000 FY2025 · Cash $550.7M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 380.76m +1334.6% since FY2020
380.76m 26.54m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 26.54m FY2021 · 40.99m FY2022 · 44.11m FY2023 · 61.94m FY2024 · 93.17m FY2025 · 380.76m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $2.2M $2.9M $2.1M $15.7M $7.2M $50.7M
Gross margin 43% 38% 52% 41% 5% 40%
Operating income -$11.5M -$18.0M -$69.4M -$39.7M -$34.6M -$58.4M
Net income -$13.5M -$15.0M -$73.2M -$44.8M -$38.0M -$133.4M
Net margin -623% -517% -3445% -286% -528% -263%
Earnings per share — -$0.44 -$1.73 -$0.85 -$543.61 -$601.44
Free cash flow -$7.5M -$17.8M -$40.8M -$34.2M -$35.1M -$40.8M
Free cash margin -349% -613% -1921% -218% -488% -80%
Cash $26.1M $40.8M $29.8M $15.0M $30.0M $550.7M
Long-term debt $907,000 $300,000 $500,000 — $300,000 —
Shareholders' equity $15.1M $112.2M $58.2M $33.1M $16.6M $437.8M
Shares outstanding 26.54m 40.99m 44.11m 61.94m 93.17m 380.76m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 13, 2026 Quarterly ↗ Jun 30, 2026 44d
May 15, 2026 Quarterly ↗ Mar 31, 2026 45d
Mar 30, 2026 Annual ↗ Dec 31, 2025 89d
Nov 13, 2025 Quarterly ↗ Sep 30, 2025 44d
Aug 12, 2025 Quarterly ↗ Jun 30, 2025 43d
May 15, 2025 Quarterly ↗ Mar 31, 2025 45d
Mar 12, 2025 Annual ↗ Dec 31, 2024 71d
Nov 12, 2024 Quarterly ↗ Sep 30, 2024 43d
Aug 14, 2024 Quarterly ↗ Jun 30, 2024 45d
May 15, 2024 Quarterly ↗ Mar 31, 2024 45d
Apr 1, 2024 Annual ↗ Dec 31, 2023 92d
Nov 14, 2023 Quarterly ↗ Sep 30, 2023 45d

Current reports