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Ondas Holdings Inc.

ONDS NASDAQ Categories PDF
Technology · Communication Equipment · United States · Updated Apr 29, 12:04am
$10.48
Price
$5.1B
Market Cap
113
Employees
2.59
Beta
Eric Ashley Brock
CEO
Business Description

Ondas Holdings Inc., through its subsidiaries, provides private wireless, drone, and automated data solutions. The company operates in two segments, Ondas Networks and American Robotics. 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. The company also offers Scout Drone, an AI-powered drone with imaging payloads; the ScoutBase, a ruggedized base station for housing, charging, data processing, and cloud transfer; and ScoutView, an American robotics analytics and user interface software package. It serves users in rail, energy, mining, agriculture, and critical infrastructure markets in the United States and internationally. The company is headquartered in Waltham, Massachusetts.

Business History
Price Overview
Last updated: Apr 29, 2026 6:16am (just now)
$10.48
-0.47 (-4.29%)
Day Range
$10.34 – $11.07
52-Week Range
$0.73 – $15.28
50-Day MA
$10.12
200-Day MA
$8.09
Volume
41,361,258.00
Analyst Price Targets
Low $10.00
Consensus $16.56
High $22.00
(16 analysts)
Share Structure
Outstanding 482,371,000.00
Float 393,560,565.00
Free Float 81.6%
High free float — 81.6% of shares trade freely, ~18.4% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
Industry comparison last run: Apr 12, 2026 12:50pm
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-16.90
Stock Price: $10.48
EPS (Diluted): -0.62
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
4.95
Stock Price: $10.48
Total Equity: $437.36M
Shares: 221,769,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-107.74
Market Cap: $5.06B
Total Debt: $12.49M
Cash: $594.36M
EBITDA: -$50.40M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$1.6B
Market Cap: $5.06B
Total Debt: $12.49M
Cash: $594.36M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
39.7%
Gross Profit: $20.16M
Revenue: $50.73M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-115.1%
Operating Income: -$58.38M
Revenue: $50.73M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-260.2%
Net Income: -$132.02M
Revenue: $50.73M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-50.8%
Net Income: -$132.02M
Total Equity: $437.36M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-5.8%
Operating Income: -$58.38M
Tax Rate: -0.4%
Equity: $437.36M
Total Debt: $12.49M
Cash: $594.36M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
4.84
Current Assets: $685.90M
Current Liabilities: $141.82M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.03
Short-Term Debt: $8.65M
Long-Term Debt: $3.83M
Total Debt: $12.49M
Total Equity: $437.36M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$0.23
Revenue: $50.73M
Shares: 221,769,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$1.97
Total Equity: $437.36M
Shares: 221,769,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-0.18
Operating CF: -$38.75M
CapEx: -$2.03M
Shares: 221,769,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $10.48
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$132.02M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares ONDS against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $2.9M $2.1M $15.7M $7.2M $50.7M
Cost of Revenue $1.8M $1.0M $9.3M $6.8M $30.6M
Gross Profit $1.1M $1.1M $6.4M $345,183 $20.2M
Operating Expenses $19.1M $70.5M $46.1M $35.0M $78.5M
Operating Income -$18.0M -$69.4M -$39.7M -$34.6M -$58.4M
Net Income -$15.0M -$73.2M -$44.8M -$38.0M -$132.0M
EBITDA -$15.6M -$64.6M -$34.6M -$28.7M -$50.4M
EPS $-0.44 $-1.73 $-0.88 $-0.61 $-0.62
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $40.8M $29.8M $15.0M $30.0M $594.4M
Total Current Assets $44.7M $35.8M $23.6M $47.5M $685.9M
Total Assets $117.4M $97.9M $92.2M $109.6M $1.1B
Current Liabilities $4.6M $22.7M $35.9M $50.6M $141.8M
Long-Term Debt $300,000 $14.5M $3.1M $15.9M $3.8M
Total Liabilities $5.2M $39.7M $47.1M $73.7M $661.2M
Total Equity $112.2M $58.2M $33.1M $16.6M $437.4M
Retained Earnings -$80.3M -$153.5M -$198.4M -$236.4M -$368.4M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$16.9M -$38.0M -$34.0M -$33.5M -$38.7M
Capital Expenditure -$1.0M -$2.9M $-281,116 -$1.7M -$2.0M
Free Cash Flow -$17.9M -$40.9M -$34.3M -$35.2M -$40.8M
Acquisitions (net) -$6.5M $0 $914,454 $0 -$207.0M
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 $0 $0
Net Change in Cash $14.8M -$11.0M -$14.8M $15.0M $564.4M
Analyst Estimates (Annual)
Metric 2027 2028 2029 2030
Revenue $668.5M
$529.2M – $784.8M
 $781.8M
$683.3M – $889.8M
 $1.0B
$899.3M – $1.2B
 $1.3B
$1.1B – $1.4B
EBITDA -$667.7M
-$783.8M – -$528.5M
 -$780.7M
-$888.6M – -$682.4M
 -$1.0B
-$1.2B – -$898.1M
 -$1.3B
-$1.4B – -$1.1B
Net Income -$32.5M
-$38.1M – -$27.0M
 $3.7M
$3.6M – $3.8M
 $47.3M
$39.6M – $55.8M
 $87.2M
$72.9M – $102.9M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth -26.9% +638.1% -54.2% +605.3%
Gross Profit Growth +1.2% +475.3% -94.6% +5,739.2%
Operating Income Growth -286.3% +42.8% +12.9% -68.7%
Net Income Growth -387.5% +38.8% +15.2% -247.3%
EBITDA Growth -315.5% +46.4% +17.1% -75.5%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-04-01 Seidl Randy M-Exempt 2,817.00 $0.00 $0
2026-04-01 Seidl Randy M-Exempt 19,607.00 $0.00 $0
2026-03-30 Seidl Randy M-Exempt 2,816.00 $0.00 $0
2026-03-30 Seidl Randy M-Exempt 19,608.00 $0.00 $0
2026-03-30 Seidl Randy M-Exempt 19,608.00 $0.00 $0
2026-03-30 Seidl Randy M-Exempt 2,816.00 $0.00 $0
2026-04-01 Seidl Randy M-Exempt 2,817.00 $0.00 $0
2026-04-01 Seidl Randy M-Exempt 19,607.00 $0.00 $0
2026-02-24 LAIRD NEIL J M-Exempt 12,500.00 $0.00 $0
2026-02-24 LAIRD NEIL J M-Exempt 12,500.00 $0.00 $0
2026-02-11 Brock Eric A A-Award 13,500,000.00 $0.00 $0
2026-01-28 LAIRD NEIL J A-Award 240,000.00 $12.26 $2.9M
2026-01-28 LAIRD NEIL J A-Award 160,000.00 $0.00 $0
2026-01-28 Huston Robert Patrick A-Award 50,000.00 $0.00 $0
2025-01-07 Stern Ron 21,156.00 $1.67 $35,248
2025-01-07 Stern Ron 2,153.00 $5.95 $12,811
2025-12-16 Huston Robert Patrick 100,000.00 $6.15 $615,000
2025-12-16 Huston Robert Patrick 100,000.00 $0.00 $0
2025-12-31 Brock Eric A S-Sale 475,000.00 $9.71 $4.6M
2025-12-22 SOOD JASPREET K M-Exempt 19,608.00 $0.00 $0
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.160 · 51706a6 · 2026-04-27 18:34:15