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Ondas, Inc. ONDS Operating Income

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Other financials

Income statement

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Revenue$50.1M+1,080%
Gross profit$24.7M+1,557%
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:OperatingIncomeLoss.

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 itemThree Months Ended, / March 31, 2026Three Months Ended, / March 31, 2025
Sales and marketing10,4942,430
Research and development13,5193,459
Total operating expenses67,32911,798
Operating loss(42,671)(10,310)
Other income (expense), net
Other income (expense), net136(1)
Change in fair value of warrant liability389,548-
Gain on deconsolidation of subsidiary51,453-

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Ondas, Inc.'s operating income?
Ondas, Inc. (ONDS) reported operating income of -$42.67M in Q1 2026.
How has Ondas, Inc.'s operating income changed year-over-year?
Ondas, Inc.'s operating income decreased by 313.9% year-over-year, from -$10.31M to -$42.67M.
What is the long-term trend for Ondas, Inc.'s operating income?
Over 4 years (2021 to 2025), Ondas, Inc.'s operating income has grown at a 34.2% compound annual growth rate (CAGR), from -$17.97M to -$58.38M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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