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Ondas, Inc. ONDS Net Income

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

Where this comes from

Reported directly by Ondas, Inc. in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

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

Filed
May 15, 2026, 4:34 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001213900-26-057859
Line itemRedeemable Noncontrolling Interest / SharesRedeemable Noncontrolling Interest / AmountCommon Stock / SharesCommon Stock / AmountOndas Inc. Stockholders’ Equity / Additional Paid in / CapitalOndas Inc. Stockholders’ Equity / Accumulated other Comprehensive / Income (Loss)Ondas Inc. Stockholders’ Equity / Accumulated / DeficitNoncontrolling / InterestTotal Stockholders’ / Equity
Issuance of shares upon exercise of options and warrants and delivery of restricted stock units--44,737,301410,035---10,039
Issuance of shares in connection with acquisitions--21,819,1562232,526---232,528
Issuance of shares in exchange for shares of OAS, net of costs--2,389,203-2,051---2,051
Stock-based compensation----19,575---19,575
Change in net unrealized gain on debt securities, net of tax-----(383)--(383)
Foreign currency translation adjustments, net of tax-9---(316)-(1)(317)
Net income (loss)-(1,545)----362,949(153)362,796
Balance, March 31, 2026-$2,454469,062,109$46$1,079,757$(361)$(5,438)$3,857$1,077,861

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Ondas, Inc.'s net income?
Ondas, Inc. (ONDS) reported net income of $362.8M in Q1 2026.
How has Ondas, Inc.'s net income changed year-over-year?
Ondas, Inc.'s net income increased by 2666.5% year-over-year, from -$14.14M to $362.8M.
What is the long-term trend for Ondas, Inc.'s net income?
Over 4 years (2021 to 2025), Ondas, Inc.'s net income has grown at a 72.2% compound annual growth rate (CAGR), from -$15.02M to -$132.23M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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