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Ondas, Inc. ONDS Service Revenue — Revenue

Other product segments

Product Revenue
$38.37M+1,090%
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$4.98B+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:Revenues.

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
(dollars in thousands)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Type of Revenue
Product revenue$38,368$3,224
Service revenue9,323809
Development revenue2,431215
Total revenues$50,122$4,248
Timing of Revenue
Revenue recognized point in time$40,562$3,984
Revenue recognized over time9,560264

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Ondas, Inc.'s service revenue — revenue?
Ondas, Inc. (ONDS) reported service revenue — revenue of $9.32M in Q1 2026.
How has Ondas, Inc.'s service revenue — revenue changed year-over-year?
Ondas, Inc.'s service revenue — revenue increased by 1052.4% year-over-year, from $809K to $9.32M.
What does service revenue — revenue mean?
This metric represents the total revenue generated from recurring support, maintenance, and ancillary service contracts associated with the company's hardware and software product offerings. It reflects the company's ability to monetize its installed base beyond initial product sales and serves as a key indicator of long-term customer retention and service-based business model expansion. Growth in this area typically signals increasing product adoption and the successful scaling of post-sale service operations.

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