YouTube · Q2 2026 · 2026-08-07
ONDS · NasdaqCM
Ondas Inc.
Communication Equipment · United States
- 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 websiteQ2 2026
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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.
| Metric | ONDSOndas Inc.Snapshot 2026-10-06Financial period: 2026-06-30 | AAOIApplied Optoelectronics, Inc.Snapshot 2026-10-06Financial period: 2026-06-30 | VSATViasat, Inc.Snapshot 2026-10-06Financial period: 2026-06-30 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$4.37B | US$10.80B | US$10.06B | US$10.43Bn=2 |
| Forward P/EProvider forward earnings estimate | — | 27.63x | 438.37x | 233.00xn=2 |
| EV / EBITDAEnterprise value / trailing EBITDA | — | — | 10.69x | — |
| Revenue growthLatest quarter vs prior-year quarter | 1,235.4% | 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 equity | 0.03x | 0.18x | 1.47x | 0.82xn=2 |
| Trailing P/ETrailing twelve-month earnings | — | — | — | — |
| Price / bookPrice / positive book equity per share | 2.53x | 6.43x | 2.17x | 4.30xn=2 |
| EV / salesEnterprise value / trailing revenue | 16.63x | 16.92x | 3.22x | 10.07xn=2 |
| Earnings growthLatest quarter vs prior-year quarter | — | — | — | — |
| Gross marginTrailing twelve months | 43.7% | 28.9% | 33.2% | 31.1%n=2 |
| Net marginTrailing twelve months | 96.2% | -9.6% | -0.6% | -5.1%n=2 |
| Return on equityProvider trailing return; positive equity only | 19.3% | -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 payout | 0.0% | 0.0% | 0.0% | 0.0%n=2 |
| Current ratioCurrent assets / current liabilities | 9.85x | 2.78x | 1.68x | 2.23xn=2 |
| BetaProvider historical market sensitivity | 2.92 | 3.84 | 1.76 | 2.80n=2 |
YouTube · Q2 2026 · 2026-08-07
YouTube · Q1 FY2027 · 2026-08-08
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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Financial data & calculation notes
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Earnings-multiple scenario
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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
Q2 20262026-08-15
ONDS Stock Q2 2026: Ondas Earnings - Revenue 13x, But 38 Percent Of It Was Bought
Presentation · 2026-08-15 · YouTube