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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$4.82B+3,648%

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
Debt / equity-1.4×
Current ratio10.9×+10.1×

Where this comes from

Calculated from Ondas, Inc. ’s reported figures.

$42.7Mebit+
$669.0KDepreciation Depletion & Amortization
=-$42M

The official record: Ondas, Inc. ’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ondas, Inc. 's EBITDA?
Ondas, Inc. (ONDS) reported EBITDA of -$42M in Q1 2026.
How has Ondas, Inc. 's EBITDA changed year-over-year?
Ondas, Inc. 's EBITDA decreased by 314.7% year-over-year, from -$10.13M to -$42M.
What is the long-term trend for Ondas, Inc. 's EBITDA?
Over 4 years (2021 to 2025), Ondas, Inc. 's EBITDA has grown at a 36.6% compound annual growth rate (CAGR), from -$16.49M to -$57.44M.
What does EBITDA mean?
Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.