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Ondas, Inc. ONDS Effective tax rates

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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$5.19B+743%
Enterprise value$4.17B+639%
P/E21.2×
P/S53.7×+15.6×

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:EffectiveIncomeTaxRateContinuingOperations.

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

The effective income tax rate was expense of 0.1% and 0.0% for the three months ended March 31, 2026 and 2025, respectively. The effective income tax rate for the three months ended March 31, 2026 was impacted by the geographical mix of earnings, as well as movement in the federal, state and foreign valuation allowances.

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Ondas, Inc.'s effective tax rates?
Ondas, Inc. (ONDS) reported effective tax rates of 0.1% in Q1 2026.
What does effective tax rates mean?
Calculates the actual tax rate paid on income from continuing operations, representing the weighted average of various tax jurisdictions. It is a primary indicator of the company's overall tax efficiency and management of tax liabilities.

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