What is Ondas, Inc. 's EV / sales?

Ondas, Inc. (ONDS) reported EV / sales of 33.3× in Q1 2026.

How has Ondas, Inc. 's EV / sales changed year-over-year?

Ondas, Inc. 's EV / sales increased by 191.9% year-over-year, from 11.4× to 33.3×.

What is the long-term trend for Ondas, Inc. 's EV / sales?

Over 5 years (2020 to 2025), Ondas, Inc. 's EV / sales has grown at a -18.1% compound annual growth rate (CAGR), from 167.5× to 61.6×.

What does EV / sales mean?

Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.

Ondas, Inc. ONDS EV / sales

EV / sales at other companies

TTM TechnologiesTTMI

3.5×+2.4×

AeroVironmentAVAV

9×+2.1×

Kratos Defense & Security SolutionsKTOS

8.4×+4.5×

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 / equity0×-1.4×

Current ratio10.9×+10.1×

Where this comes from

Calculated from Ondas, Inc. ’s reported figures.

enterprise value/total revenue=33.3×

Based on the most recent quarter.

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 EV / sales?: Ondas, Inc. (ONDS) reported EV / sales of 33.3× in Q1 2026.
How has Ondas, Inc. 's EV / sales changed year-over-year?: Ondas, Inc. 's EV / sales increased by 191.9% year-over-year, from 11.4× to 33.3×.
What is the long-term trend for Ondas, Inc. 's EV / sales?: Over 5 years (2020 to 2025), Ondas, Inc. 's EV / sales has grown at a -18.1% compound annual growth rate (CAGR), from 167.5× to 61.6×.
What does EV / sales mean?: Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.