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Ondas, Inc. ONDS Q4 2025 Annual earnings

Reported March 23, 2026 · Before market open

Revenue$30.1MBeat by $2.3MDiluted EPS-$0.39Miss by $0.33
Revenue estimate$27.8M
EPS estimate-$0.06

Next report

Aug 11, 2026 (in a month)
Revenue estimate$68.0M
EPS estimate-$0.07

Financials

Q4 2025

Income statement

See full
Revenue$30.1M+629%
Gross profit$12.7M+1,341%
Operating income-$23.3M-174%
Net income-$99.9M-866%
EPS (diluted)-$0.41-173%

Balance sheet

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Cash & equivalents$594.4M+1,884%
Total debt$16.1M-57.9%
Total equity$437.8M+2,540%
Total assets$1.1B+933%

Cash flow

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Operating cash flow-$12.7M-57.0%
CapEx$1.6M+5,287%
Free cash flow-$14.3M-76.0%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$3.71B+1,594%
Enterprise value$3.13B+1,277%
P/S73×+42.6×

Profitability

See full
Gross margin39.7%+34.9pp
Operating margin-115.1%-49.7pp
Net margin-260.7%-87.7pp
FCF margin-80.4%-36.6pp

Returns & leverage

See full
Return on equity-58.2%-22.3pp
Debt / equity0×-2.3×
Current ratio4.8×+3.9×

Segments

By product

See full
Product Revenue$22.3M+751%
Development Revenue$5.5M+964%

Versus estimates

Revenue

Q1 2026$50.1MBeat by $10.8M
Q4 2025$30.1MBeat by $2.3M
Q3 2025$10.1MBeat by $3.1MQ2 2025$6.3MMiss by $649.1KQ1 2025$4.2MMiss by $109.3KQ4 2024$4.1MMiss by $1.5M

Diluted EPS

Q1 2026$0.77Beat by $0.80
Q4 2025-$0.39Miss by $0.33
Q3 2025-$0.06Miss by $0.02Q2 2025-$0.08Beat by $0.03Q1 2025-$0.15Miss by $0.04Q4 2024-$0.14Miss by $0.05

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Questions, answered.

When did Ondas, Inc. report Q4 2025 earnings?
Ondas, Inc. (ONDS) reported Q4 2025 earnings on March 23, 2026 before market open.
What were Ondas, Inc. 's Q4 2025 revenue and EPS?
Ondas, Inc. reported revenue of $30.1M and diluted EPS of $-0.39 for Q4 2025.
Did Ondas, Inc. beat estimates in Q4 2025?
Revenue beat the consensus estimate of $27.8M by $2.3M. EPS missed the consensus estimate of $-0.06 by $0.33.
How did Ondas, Inc. 's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 629.0% from $4.1M a year earlier and diluted EPS declined 178.6% from $-0.14.
Where can I find Ondas, Inc. 's Q4 2025 SEC filings?
You can read the 8-K/A earnings release (0001213900-26-032109) and the 10-K periodic report (0001213900-26-035981) directly on SEC EDGAR. The filing index links above go to sec.gov.