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ONDS · NasdaqCM

Ondas Inc.

Communication Equipment · United States

USD 7.501.1% daily changeQuote 2026-10-06 · USD
Market cap (USD)
US$4.37B
Trailing P/E
—
Forward P/E
—
Quarterly revenue growth
1,235.4%
Trailing net margin
96.2%
Indicated dividend yield
—

Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-11-12 (provider estimate, not issuer-confirmed).

Company background

Ondas Inc. provides private wireless, drone, and automated data solutions in the United States and internationally. It operates through the Ondas Networks and Ondas Autonomous Systems segments. The company offers Counter-UAS (CUAS) and site protection systems, including iron drone raider, a fully autonomous interceptor drone system for neutralizing small hostile drones; sentrycs CoRF, Cyber/RF-based CUAS platform for detection, identification, tracking, and mitigation of unauthorized drones; optimus system, fully autonomous drone platform for continuous security, surveillance, and mission-critical data collection; 4M defense, supporting missions related to demining and clearing land of unexploded ordnance; roboteam, UGVs and tactical ground robotics; apeiro motion, autonomy and mobility software for robotic platforms, enhancing navigation and operational effectiveness; and loitering munition systems, is a one way drone for a variety of missions including ISR defense and strike. It also offers FullMAX Software-Defined Radio Platform, a patented SDR platform for secure, private, wide-area broadband networks, enabling mission-critical communications; software and hardware maintenance agreements, extended software and hardware maintenance contracts, including ongoing support, security upgrades, and feature enhancements; licensing/royalties, licensing of FullMAX software and technology for integration into partner hardware and software platforms; and ancillary services, wireless network design, systems engineering, radio frequency planning, software configuration, product training, installation, onsite support, and engineering/product development. It serves rail, electric utilities, oil and gas, public safety, government, and other industrial applications. The company was formerly known as Ondas Holdings Inc. and changed its name to Ondas Inc. in January 2026. Ondas Inc. was incorporated in 2014 and is headquartered in West Palm Beach, Florida.

Company website

Q2 2026

Go beyond the headline.

ONDS Stock Q2 2026: Ondas Earnings - Revenue 13x, But 38 Percent Of It Was Bought

Published 2026-08-15

Comparable businesses

ONDS peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricONDSOndas Inc.Snapshot 2026-10-06Financial period: 2026-06-30AAOIApplied Optoelectronics, Inc.Snapshot 2026-10-06Financial period: 2026-06-30VSATViasat, Inc.Snapshot 2026-10-06Financial period: 2026-06-30Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$4.37BUS$10.80BUS$10.06BUS$10.43Bn=2
Forward P/EProvider forward earnings estimate—27.63x438.37x233.00xn=2
EV / EBITDAEnterprise value / trailing EBITDA——10.69x—
Revenue growthLatest quarter vs prior-year quarter1,235.4%86.4%-1.2%42.6%n=2
Operating marginLatest reported quarter-166.3%-12.9%4.4%-4.2%n=2
Free cash flow yieldTrailing cash flow / market cap-1.6%-8.2%2.5%-2.9%n=2
Net debt / EBITDANet debt / trailing EBITDA——3.73x—
Debt / equityTotal debt / positive book equity0.03x0.18x1.47x0.82xn=2
Trailing P/ETrailing twelve-month earnings————
Price / bookPrice / positive book equity per share2.53x6.43x2.17x4.30xn=2
EV / salesEnterprise value / trailing revenue16.63x16.92x3.22x10.07xn=2
Earnings growthLatest quarter vs prior-year quarter————
Gross marginTrailing twelve months43.7%28.9%33.2%31.1%n=2
Net marginTrailing twelve months96.2%-9.6%-0.6%-5.1%n=2
Return on equityProvider trailing return; positive equity only19.3%-5.4%0.2%-2.6%n=2
Free cash flow marginTrailing free cash flow / revenue-39.7%-148.8%5.4%-71.7%n=2
Dividend yieldIndicated annual dividend / price————
Earnings payoutProvider trailing dividend payout0.0%0.0%0.0%0.0%n=2
Current ratioCurrent assets / current liabilities9.85x2.78x1.68x2.23xn=2
BetaProvider historical market sensitivity2.923.841.762.80n=2

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

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Market context

Valuation & price history

Adjusted closing price

Price history

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for ONDS

All available reporting periods
Q2 20262026-08-15

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.