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Ondas Inc. (ONDS) stock

ONDSNasdaqRadio & Tv Broadcasting & Communications EquipmentFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026Score 12/303% above fair value
$5.73+0.16 (+2.87%)

Close on Nov 11, 2026Market cap $3.27BP/E –Yield –

Ondas Inc. grew revenue 979.3% to $174.10M over the twelve months to Jun 30, 2026. Free cash flow was -$171.92M. At the latest close the market valued the company at $3.27B.

Revenue
$174.10M
+979.3% vs. a year earlier
Operating income
-$244.44M
TTM Q2 2026
Free cash flow
-$171.92M
TTM Q2 2026
EPS, diluted
-$0.62
FY2025

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Jun 30, 2026

Valuation

Market cap
$3.27B
P/E ratio
–
Price to sales
18.78
Price to book
2.08
Dividend yield
–
Free cash flow yield
-5.26%

Fundamentals

Revenue
$174.10M
Net income
$167.06M
EPS, diluted
-$0.62
Free cash flow
-$171.92M
Book value per share
$3.12
Diluted shares
504M

Trading

Next earnings
Nov 12, 2026 (estimated, before the open)
Previous close
$5.57
Open
$5.84
Day's range
$5.65 – $5.90
Volume
52,788,200
Average volume (20 days)
44,429,978
Index membership
Russell 2000 (since Jun 2026), Russell 3000
Beta (5 years)
1.79
52-week range
$4.38 – $15.28
RSI (14 days)
44.7
Volatility (1 year)
110.0%
Relative volume
0.75×
WACC
13.8%

On 2 of our idea lists: Institutions accumulating, Most shorted (a warning list)

Index membership is inferred from the holdings of funds that track each index (IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2018, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodONDSS&P 500DifferenceONDS per yearS&P 500 per year
1 month-14.9%-2.4%−12.4 pts
3 months-41.2%-1.2%−40.0 pts
Year to date-41.3%+12.3%−53.6 pts
1 year-1.2%+12.4%−13.7 pts
3 years+847.9%+78.8%+769.1 pts+111.6%+21.4%
5 years-44.8%+75.2%−120.0 pts-11.2%+11.9%

Twelve years at a glance

Fiscal years 2014 to 2025 and trailing twelve months, USD

Revenue

$174.10M+979.3% YoY

Gross profit

$76.12M+1223.7% YoY

Operating income

-$244.44M

Net income

$167.06M

EPS, diluted

–

Free cash flow

-$171.92M
Reported periodTrailing twelve months

Press releases

Releases Ondas filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Ondas

Radio & Tv Broadcasting & Communications Equipment

Ondas Inc. is a defense, security, and critical infrastructure technology provider operating across three primary units: Ondas Autonomous Systems, Ondas Networks, and Ondas Capital. The company develops and deploys autonomous aerial and ground platforms, counter-unmanned aerial systems, aerial intelligence and surveillance tools, unmanned ground vehicles, and loitering munitions. In addition, it produces software-defined radio systems for private wireless connectivity in mission-critical industrial networks, alongside strategic investment initiatives. Ondas serves government and defense organizations, homeland security and public safety agencies, freight rail operators, and critical infrastructure facilities.

Company profile, executives and history

Ondas stock: common questions

What is Ondas's stock price?

ONDS closed at $5.73 on Nov 11, 2026, up 2.87% on the day. Over the past 52 weeks it traded between $4.38 and $15.28.

What is Ondas's market cap?

Ondas was worth $3.27B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is ONDS's P/E ratio?

Ondas lost money over fiscal 2025 (diluted EPS -$0.62), so it has no meaningful P/E ratio.

How much revenue does Ondas make?

Ondas reported revenue of $174.10M for the twelve months to Jun 30, 2026, up 979.3% from a year earlier.

Does Ondas pay a dividend?

No. Ondas has not paid a cash dividend over the last twelve months.

When does Ondas report earnings next?

Ondas is expected to report Q3 FY2026 results on Nov 12, 2026, before the open. The date is estimated from its past reporting pattern until the company confirms it.

How has ONDS stock performed over the past year?

Including dividends, ONDS returned -1.2% over the past year, against +12.4% for the S&P 500.

How many ONDS shares are sold short?

246M shares were sold short at the latest FINRA report, 44.21% of the float, or 6.2 days of average trading volume.

Who are Ondas's competitors?

Companies most similar to Ondas by business, industry and size include CMBMF, BKSY, CRNT, GILT, BKTI.

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