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Ondas, Inc. ONDS Product Revenue — Revenue

Other product segments

Service Revenue
$9.32M
Service And Subscription Revenue
$4.59M+417%
Development Revenue
$2.43M+1,031%

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

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:Revenues.

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 product revenue — revenue?
Ondas, Inc. (ONDS) reported product revenue — revenue of $38.37M in Q1 2026.
How has Ondas, Inc. 's product revenue — revenue changed year-over-year?
Ondas, Inc. 's product revenue — revenue increased by 1090.1% year-over-year, from $3.22M to $38.37M.
What is the long-term trend for Ondas, Inc. 's product revenue — revenue?
Over 3 years (2022 to 2025), Ondas, Inc. 's product revenue — revenue has grown at a 240.9% compound annual growth rate (CAGR), from $872.66K to $34.58M.
What does product revenue — revenue mean?
This metric represents the total gross revenue generated specifically from the sale of products within a defined business segment. It reflects the company's ability to monetize its hardware or software offerings directly to customers before accounting for service-related income. Tracking this figure helps investors evaluate the commercial adoption and market demand for the company's core product portfolio.