ONDS Chart
About

Ondas Inc. provides private wireless, drone, and automated data solutions in the United States and internationally. It operates through two segments: Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks. Its FullMAX SDR platform enables secure and reliable industrial-grade connectivity for truly mission-critical applications. It provides Optimus, an AI-powered drone with imaging payloads; the Airbase, a ruggedized weatherproof base station for housing, data processing, and cloud transfer; Insightful, a secure web portal and API, which enables remote interaction with the system, data, and resulting analytics anywhere in the world; and the Raider, a counter-drone system for security and the protection of critical infrastructure, assets, and people from the threat of hostile drones. It serves users in rail, energy, mining, agriculture, public safety, critical infrastructure, and government markets. 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.

Fundamentals
Scroll to Statements
Sector Technology Industry Communication Equipment Market Cap 5.08B
Enterprise Value 3.45B Income -47.66M Sales 24.75M
Book/sh 1.48 Cash/sh 1.23 Dividend Yield
Payout 0.00% Employees 113 IPO
P/E Forward P/E -125.33 PEG
P/S 205.19 P/B 7.65 P/C
EV/EBITDA -89.37 EV/Sales 139.30 Quick Ratio 14.74
Current Ratio 15.30 Debt/Eq 3.70 LT Debt/Eq
EPS (ttm) -0.36 EPS next Y -0.09 EPS Growth
Revenue Growth 5.82% Earnings 2026-03-25 ROA -8.64%
ROE -17.01% ROIC Gross Margin 33.57%
Oper. Margin -153.53% Profit Margin -172.49% Shs Outstand 450.19M
Shs Float 365.70M Short Float 35.25% Short Ratio 1.88
Short Interest 52W High 15.28 52W Low 0.66
Beta 2.58 Avg Volume 95.88M Volume 108.91M
Target Price $18.38 Recom Strong_buy Prev Close $10.53
Price $11.28 Change 7.12%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$18.38
Mean price target
2. Current target
$11.28
Latest analyst target
3. DCF / Fair value
$-0.57
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$11.28
Low
$16.00
High
$25.00
Mean
$18.38

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-10 reit Needham Buy → Buy $17
2026-01-21 main Stifel Buy → Buy $18
2026-01-20 main Lake Street Buy → Buy $19
2026-01-20 main Oppenheimer Outperform → Outperform $16
2026-01-20 main Needham Buy → Buy $17
2026-01-20 main HC Wainwright & Co. Buy → Buy $25
2026-01-12 main Stifel Buy → Buy $17
2025-12-11 main Needham Buy → Buy $12
2025-11-26 main Lake Street Buy → Buy $10
2025-11-14 up Oppenheimer Perform → Outperform $12
2025-11-13 main Needham Buy → Buy $10
2025-10-06 init HC Wainwright & Co. — → Buy $12
2025-09-12 main Lake Street Buy → Buy $8
2025-08-19 init Needham — → Buy $5
2025-08-13 main Lake Street Buy → Buy $5
2025-04-14 init Lake Street — → Buy $3
2024-12-30 main Northland Capital Markets Outperform → Outperform $4
2024-08-16 main Northland Capital Markets Outperform → Outperform $2
2023-12-11 init Ladenburg Thalmann — → Buy $4
2023-08-17 main Northland Capital Markets Outperform → Outperform $2
Insider Transactions
Date Shares Url Text Insider Position Transaction Start Date Ownership Value
0 12500 LAIRD NEIL J Chief Financial Officer 2026-02-24 00:00:00 D nan
1 475000 Sale at price 9.71 per share. BROCK ERIC A Chief Executive Officer 2025-12-31 00:00:00 D 4611348.0
2 12500 LAIRD NEIL J Chief Financial Officer 2025-12-22 00:00:00 D nan
3 85663 COHEN RICHARD M Director 2025-12-22 00:00:00 D nan
4 85663 SEIDL RANDALL P Director 2025-12-22 00:00:00 D nan
5 85663 SOOD JASPREET K Director 2025-12-22 00:00:00 D nan
6 4526 Sale at price 9.48 per share. LAIRD NEIL J Chief Financial Officer 2025-12-22 00:00:00 D 42906.0
7 25861 Sale at price 9.48 per share. COHEN RICHARD M Director 2025-12-22 00:00:00 D 245162.0
8 21520 Sale at price 9.48 per share. SEIDL RANDALL P Director 2025-12-22 00:00:00 D 204010.0
9 29698 Sale at price 9.48 per share. SOOD JASPREET K Director 2025-12-22 00:00:00 D 281537.0
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.16
NormalizedEBITDA-28.63M-32.71M-45.21M-15.55M
TotalUnusualItems-88.20K-1.93M-19.42M0.00
TotalUnusualItemsExcludingGoodwill-88.20K-1.93M-19.42M0.00
NetIncomeFromContinuingOperationNetMinorityInterest-38.01M-44.84M-73.24M-15.02M
ReconciledDepreciation5.66M6.05M4.85M1.82M
ReconciledCostOfRevenue6.85M9.31M1.02M1.81M
EBITDA-28.72M-34.64M-64.63M-15.55M
EBIT-34.39M-40.69M-69.48M-17.37M
NetInterestIncome-3.39M-4.03M-3.74M-564.11K
InterestExpense3.62M4.15M3.76M575.68K
InterestIncome234.93K123.87K25.54K11.58K
NormalizedIncome-37.92M-42.92M-53.82M-15.02M
NetIncomeFromContinuingAndDiscontinuedOperation-38.01M-44.84M-73.24M-15.02M
TotalExpenses41.80M53.92M52.14M20.88M
TotalOperatingIncomeAsReported-34.61M-39.73M-69.43M-17.97M
DilutedAverageShares69.92M52.74M42.24M34.18M
BasicAverageShares69.92M52.74M42.24M34.18M
DilutedEPS-0.61-0.88-1.73-0.44
BasicEPS-0.61-0.88-1.73-0.44
DilutedNIAvailtoComStockholders-42.42M-46.36M-73.24M-15.02M
NetIncomeCommonStockholders-42.42M-46.36M-73.24M-15.02M
OtherunderPreferredStockDividend2.91M1.00M
PreferredStockDividends1.50M512.21K
NetIncome-38.01M-44.84M-73.24M-15.02M
NetIncomeIncludingNoncontrollingInterests-38.01M-44.84M-73.24M-15.02M
NetIncomeContinuousOperations-38.01M-44.84M-73.24M-15.02M
TaxProvision0.000.000.00-2.92M
PretaxIncome-38.01M-44.84M-73.24M-17.95M
OtherIncomeExpense-13.12K-2.58M-19.50M591.90K
OtherNonOperatingIncomeExpenses75.07K-659.62K-76.13K591.90K
SpecialIncomeCharges0.00-1.50M-19.42M0.00
WriteOff0.001.50M0.00
ImpairmentOfCapitalAssets0.0019.42M0.00
GainOnSaleOfSecurity-88.20K-425.06K
NetNonOperatingInterestIncomeExpense-3.39M-4.03M-3.74M-564.11K
InterestExpenseNonOperating3.62M4.15M3.76M575.68K
InterestIncomeNonOperating234.93K123.87K25.54K11.58K
OperatingIncome-34.61M-38.23M-50.01M-17.97M
OperatingExpense34.95M44.61M51.12M19.07M
ResearchAndDevelopment12.48M17.15M24.04M5.80M
SellingGeneralAndAdministration22.48M27.47M27.08M13.27M
SellingAndMarketingExpense5.34M5.91M3.46M1.49M
GeneralAndAdministrativeExpense17.14M21.56M23.62M11.78M
OtherGandA17.14M21.56M23.62M11.78M
GrossProfit345.18K6.38M1.11M1.10M
CostOfRevenue6.85M9.31M1.02M1.81M
TotalRevenue7.19M15.69M2.13M2.91M
OperatingRevenue7.19M15.69M2.13M2.91M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber93.17M61.94M44.11M40.99M
ShareIssued93.17M61.94M44.11M40.99M
NetDebt24.27M13.83M573.04K
TotalDebt60.31M35.29M33.39M1.09M
TangibleBookValue-38.35M-25.95M3.75M42.04M
InvestedCapital70.81M61.94M88.57M112.53M
WorkingCapital-3.06M-12.33M13.08M40.03M
NetTangibleAssets-38.35M-25.95M3.75M42.04M
CapitalLeaseObligations6.08M6.49M3.04M792.20K
CommonStockEquity16.58M33.14M58.22M112.23M
TotalCapitalization32.45M36.25M72.72M112.53M
TotalEquityGrossMinorityInterest35.94M45.06M58.22M112.23M
MinorityInterest19.36M11.92M0.00
StockholdersEquity16.58M33.14M58.22M112.23M
RetainedEarnings-236.37M-198.36M-153.52M-80.27M
AdditionalPaidInCapital252.94M231.49M211.73M192.50M
CapitalStock9.32K6.19K4.41K4.10K
CommonStock9.32K6.19K4.41K4.10K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest73.68M47.11M39.72M5.21M
TotalNonCurrentLiabilitiesNetMinorityInterest23.10M11.17M17.00M581.83K
OtherNonCurrentLiabilities82.50K
NonCurrentAccruedExpenses20.04K26.84K40.97K40.15K
NonCurrentDeferredLiabilities2.17M2.23M0.00
NonCurrentDeferredRevenue2.17M2.23M0.00
LongTermDebtAndCapitalLeaseObligation20.83M8.91M16.96M541.68K
LongTermCapitalLeaseObligation4.96M5.80M2.46M241.68K
LongTermDebt15.87M3.11M14.50M300.00K
CurrentLiabilities50.58M35.94M22.73M4.62M
CurrentDeferredLiabilities717.78K797.60K61.51K512.40K
CurrentDeferredRevenue717.78K797.60K61.51K512.40K
CurrentDebtAndCapitalLeaseObligation39.48M26.38M16.43M550.52K
CurrentCapitalLeaseObligation1.12M685.10K580.59K550.52K
CurrentDebt38.36M25.69M15.85M
OtherCurrentBorrowings38.36M25.69M15.85M
CurrentNotesPayable0.00
PayablesAndAccruedExpenses10.38M8.76M6.23M3.56M
CurrentAccruedExpenses4.01M3.59M2.75M430.59K
InterestPayable1.67M652.63K176.63K0.00
Payables6.37M5.18M3.48M3.13M
OtherPayable326.72K516.62K719.31K
TotalTaxPayable385.28K0.00
AccountsPayable5.66M5.18M2.97M2.41M
TotalAssets109.62M92.16M97.95M117.44M
TotalNonCurrentAssets62.10M68.56M62.14M72.78M
OtherNonCurrentAssets663.07K599.52K
NonCurrentPrepaidAssets599.52K218.21K218.21K
InvestmentsAndAdvances0.001.50M500.00K
InvestmentinFinancialAssets500.00K
AvailableForSaleSecurities500.00K
LongTermEquityInvestment0.001.50M500.00K
GoodwillAndOtherIntangibleAssets54.93M59.08M54.47M70.20M
OtherIntangibleAssets27.18M31.33M28.86M25.17M
Goodwill27.75M27.75M25.61M45.03M
NetPPE6.51M8.88M5.95M1.87M
AccumulatedDepreciation-3.51M-3.88M-702.89K-424.66K
GrossPPE10.02M12.76M6.66M2.29M
Leases3.61M2.53M2.09M37.40K
ConstructionInProgress0.00395.34K330.54K627.04K
OtherProperties5.39M8.93M3.27M1.07M
MachineryFurnitureEquipment1.02M906.18K959.68K563.12K
Properties0.000.000.000.00
CurrentAssets47.52M23.61M35.80M44.66M
OtherCurrentAssets344.40K398.55K498.08K
CurrentDeferredAssets0.00145.29K
RestrictedCash41.22K42.56K0.00
PrepaidAssets1.87M1.48M1.11M1.45M
Inventory9.82M2.19M2.17M1.18M
InventoriesAdjustmentsAllowances-221.04K-100.25K-100.25K-100.25K
FinishedGoods5.38M4.40K142.41K60.15K
WorkInProcess306.02K782.77K89.08K65.19K
RawMaterials4.35M1.50M2.04M1.15M
Receivables5.48M4.52M2.10M1.21M
OtherReceivables205.91K859.22K9.69K
TaxesReceivable52.38K232.05K0.00
NotesReceivable0.002.00M0.00
AccountsReceivable5.22M3.43M104.28K1.21M
CashCashEquivalentsAndShortTermInvestments29.96M14.98M29.78M40.82M
CashAndCashEquivalents29.96M14.98M29.78M40.82M
CashFinancial29.96M14.98M29.78M40.82M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-35.20M-34.30M-40.89M-17.92M
RepaymentOfDebt0.00-5.50M0.00-7.12M
IssuanceOfDebt38.42M9.31M27.70M0.00
IssuanceOfCapitalStock11.68M14.69M6.09M47.52M
CapitalExpenditure-1.73M-281.12K-2.93M-1.03M
InterestPaidSupplementalData21.80K176.54K14.19K1.04M
IncomeTaxPaidSupplementalData0.000.000.000.00
EndCashPosition30.00M15.02M29.78M40.82M
BeginningCashPosition15.02M29.78M40.82M26.06M
ChangesInCash14.98M-14.75M-11.04M14.75M
FinancingCashFlow50.18M18.73M33.86M41.86M
CashFlowFromContinuingFinancingActivities50.18M18.73M33.86M41.86M
NetOtherFinancingCharges22.37K183.18K
ProceedsFromStockOptionExercised57.79K40.34K64.91K1.46M
NetPreferredStockIssuance4.38M14.69M0.000.00
PreferredStockIssuance4.38M14.69M0.000.00
NetCommonStockIssuance7.30M0.006.09M47.52M
CommonStockIssuance7.30M0.006.09M47.52M
NetIssuancePaymentsOfDebt38.42M3.81M27.70M-7.12M
NetLongTermDebtIssuance38.42M3.81M27.70M-7.12M
LongTermDebtPayments0.00-5.50M0.00-7.12M
LongTermDebtIssuance38.42M9.31M27.70M0.00
InvestingCashFlow-1.73M536.27K-6.93M-10.21M
CashFlowFromContinuingInvestingActivities-1.73M536.27K-6.93M-10.21M
NetOtherInvestingChanges-145.83K-3.00M-2.17M
NetInvestmentPurchaseAndSale0.00-1.00M-500.00K
PurchaseOfInvestment0.00-1.00M-500.00K
NetBusinessPurchaseAndSale0.00914.45K0.00-6.52M
SaleOfBusiness0.001.05M0.00
PurchaseOfBusiness0.00-135.00K0.00-6.52M
NetIntangiblesPurchaseAndSale-96.98K-70.08K-49.50K-104.11K
PurchaseOfIntangibles-96.98K-70.08K-49.50K-104.11K
NetPPEPurchaseAndSale-1.63M-162.27K-2.88M-923.72K
SaleOfPPE1.70K48.77K0.00
PurchaseOfPPE-1.64M-211.03K-2.88M-923.72K
OperatingCashFlow-33.47M-34.02M-37.96M-16.90M
CashFlowFromContinuingOperatingActivities-33.47M-34.02M-37.96M-16.90M
ChangeInWorkingCapital-5.56M-4.97M1.21M-3.67M
ChangeInOtherWorkingCapital157.08K-1.39M-450.89K314.37K
ChangeInOtherCurrentLiabilities-97.28K-812.25K-684.21K-336.43K
ChangeInOtherCurrentAssets491.26K-415.22K-300.00K-696.28K
ChangeInPayablesAndAccruedExpense2.31M747.92K2.53M-1.67M
ChangeInAccruedExpense1.15M-494.03K1.97M-1.59M
ChangeInPayable1.16M1.24M554.74K-86.66K
ChangeInAccountPayable1.16M1.24M554.74K-86.66K
ChangeInPrepaidAssets-63.56K-318.46K0.00
ChangeInInventory-5.47M1.48M-994.67K-126.49K
ChangeInReceivables-2.89M-4.26M1.11M-1.15M
ChangesInAccountReceivables-2.89M-4.26M1.11M-1.15M
OtherNonCashItems2.03M3.62M3.93M120.71K
StockBasedCompensation1.27M1.05M5.86M3.25M
ProvisionandWriteOffofAssets1.11M1.05M0.00100.25K
AssetImpairmentCharge0.004.01M19.42M0.00
DeferredTax0.00-2.92M
DeferredIncomeTax0.00-2.92M
DepreciationAmortizationDepletion5.66M6.05M4.85M1.82M
DepreciationAndAmortization5.66M6.05M4.85M1.82M
AmortizationCashFlow4.22M4.15M3.57M1.40M
AmortizationOfIntangibles4.22M4.15M3.57M1.40M
Depreciation1.44M1.91M1.28M419.16K
OperatingGainsLosses27.67K12.22K12.34K-568.30K
GainLossOnSaleOfPPE27.67K12.22K12.34K97.79K
NetIncomeFromContinuingOperations-38.01M-44.84M-73.24M-15.02M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for ONDS
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status