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Ondas, Inc. ONDS Debt-to-equity

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Other financials

Income statement

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Revenue$50.1M+1,080%
Gross profit$24.7M+1,557%
Operating income-$42.7M-314%
Net income$362.8M+2,666%
EPS (diluted)$0.56+473%

Balance sheet

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Cash & equivalents$1.0B+3,989%
Total debt$12.5M-64.8%
Total equity$1.1B+4,018%
Total assets$2.4B+2,232%

Cash flow

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Operating cash flow-$51.3M-670%
CapEx$1.3M+679%
Free cash flow-$52.6M-671%

Valuation

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Market cap$4.98B+733%
Enterprise value$3.96B+625%
P/E20.4×
P/S51.6×+14.5×

Profitability

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Gross margin44.8%+24.2pp
Operating margin-93.9%-39.2pp
Net margin253.3%+158pp
FCF margin-89.6%-37.2pp

Returns & leverage

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Return on equity44.5%+25.0pp
Current ratio10.9×+10.1×

Where this comes from

Calculated from Ondas, Inc.’s reported figures.

Based on the most recent quarter.

The source filing: Ondas, Inc.’s 10-Q, filed May 15, 2026. Open the filing →

Filed
May 15, 2026, 4:34 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001213900-26-057859

FAQ

What is Ondas, Inc.'s debt-to-equity?
Ondas, Inc. (ONDS) reported debt-to-equity of 0× in Q1 2026.
How has Ondas, Inc.'s debt-to-equity changed year-over-year?
Ondas, Inc.'s debt-to-equity decreased by 99.1% year-over-year, from 1.4× to 0×.
What is the long-term trend for Ondas, Inc.'s debt-to-equity?
Over 5 years (2020 to 2025), Ondas, Inc.'s debt-to-equity has grown at a -41.4% compound annual growth rate (CAGR), from 0.5× to 0×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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