# Ondas Holdings Inc. (ONDS)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $2.18B  
**Price:** $9.83 (+5.59%)

> Ondas Holdings Inc. is a technology company that provides private wireless, autonomous drone, and automated data solutions for industrial and government customers. Through its Ondas Networks and Ondas Autonomous Systems segments, the company focuses on mission-critical connectivity and automation across sectors such as rail, energy and electric utilities, oil and gas, public safety, and other critical infrastructure and government markets. Ondas Networks delivers wireless connectivity platforms and software-defined radio solutions designed to support Industrial Internet of Things applications and secure wide-area networks. Ondas Autonomous Systems offers commercial drone systems, including autonomous and counter-drone technologies, along with related software, data, and support services. These capabilities enable customers to improve operational efficiency, safety, and real-time data collection in complex, highly regulated environments. Incorporated in 2014 and headquartered in West Palm Beach, Florida, Ondas Holdings Inc. occupies a specialized role at the intersection of wireless communications, automation, and industrial digitalization.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $51M | $20M | -$58M | -$133M | $-0.62 |
| 2024 | $7M | $345,183 | -$35M | -$38M | $-0.61 |
| 2023 | $16M | $6M | -$38M | -$45M | $-0.88 |
| 2022 | $2M | $1M | -$50M | -$73M | $-1.73 |
| 2021 | $3M | $1M | -$18M | -$15M | $-0.44 |
| 2020 | $2M | $927,668 | -$12M | -$13M | $-0.66 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.13B | $661M | $472M | $551M | $4M |
| 2024 | $110M | $74M | $36M | $30M | $21M |
| 2023 | $92M | $47M | $45M | $15M | $9M |
| 2022 | $98M | $40M | $58M | $30M | $17M |
| 2021 | $117M | $5M | $112M | $41M | $541,677 |
| 2020 | $29M | $13M | $15M | $26M | $906,541 |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$56M | -$2M | -$41M |
| 2024 | -$36M | -$2M | -$35M |
| 2023 | -$37M | -$162,267 | -$34M |
| 2022 | -$59M | -$3M | -$41M |
| 2021 | -$15M | -$923,718 | -$18M |
| 2020 | -$9M | -$8,598 | -$8M |

Source: [CompaniesByCap](https://companiesbycap.com/company/ONDS)