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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$4.82B+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 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.