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Ondas, Inc. ONDS Gross margin

Gross margin at other companies

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22.9%-2.1pp

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%
Enterprise value$3.8B+2,507%
P/E19.7×
P/S49.9×+38.0×

Profitability

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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.

Based on trailing twelve months.

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 gross margin?
Ondas, Inc. (ONDS) reported gross margin of 44.8% in Q1 2026.
How has Ondas, Inc. 's gross margin changed year-over-year?
Ondas, Inc. 's gross margin increased by 117.7% year-over-year, from 20.6% to 44.8%.
What is the long-term trend for Ondas, Inc. 's gross margin?
Over 5 years (2020 to 2025), Ondas, Inc. 's gross margin has grown at a -1.5% compound annual growth rate (CAGR), from 42.9% to 39.7%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.