ONDS · XBRL financial data

Ondas financial statements, every fiscal year

The same tables from 9 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (ONDS's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	2	3	2	16	7	51
Cost of revenue	—	—	—	9	7	31
Cost of goods and services sold	1	2	1	9	—	—
Gross profit	1	1	1	6	0	20
Research and development	4	6	24	17	12	21
General and administrative	8	12	24	22	17	44
Total operating expenses	12	19	71	46	35	79
Operating income (loss)	(12)	(18)	(69)	(40)	(35)	(58)
Interest income	0	0	0	0	0	9
Interest expense	2	1	4	4	4	7
Other income (expense)	(2)	0	(4)	(5)	(0)	0
Income tax expense (benefit)	—	(3)	—	63	69	0
Net income (loss)	(13)	(15)	(73)	(45)	(38)	(132)
Earnings per share, basic USD per share	—	(0.44)	(1.73)	(0.88)	(0.61)	(0.62)
Earnings per share, diluted USD per share	—	(0.44)	(1.73)	(0.88)	(0.61)	(0.62)
Weighted average shares, basic millions of shares	—	34	42	53	70	0
Weighted average shares, diluted millions of shares	—	34	42	53	70	0

Fiscal years (ONDS's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	26	41	30	15	30	551
Short-term investments	—	—	—	—	—	22
Accounts receivable	0	1	0	3	5	22
Inventory	1	1	2	2	10	22
Total current assets	28	45	36	24	48	686
Property and equipment, net	0	1	3	4	3	10
Right-of-use asset	0	1	3	5	4	10
Goodwill	—	45	26	28	28	252
Total assets	29	117	98	92	110	1,133
Accounts payable	2	2	3	5	6	14
Accrued liabilities	0	—	0	—	—	75
Total current liabilities	12	5	22	36	51	142
Long-term debt	1	0	—	—	—	—
Lease liability, non-current	—	0	2	6	5	10
Total liabilities	13	5	40	47	74	661
Accumulated deficit	(65)	(80)	(154)	(198)	(236)	(368)
Total stockholders' equity	15	112	58	33	17	438
Total liabilities and equity	29	117	98	92	110	1,133
Common shares outstanding (cover page) millions of shares	27	41	49	≈66	106	467

≈ Rounded on cover: the filing states this count rounded, and it sits more than 1% off the weighted shares for the period.

Fiscal years (ONDS's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(13)	(15)	(73)	(45)	(38)	(132)
Stock-based compensation	5	3	6	1	1	16
Depreciation and amortization	—	—	4	5	1	1
Net cash from operating activities	(8)	(17)	(38)	(34)	(33)	(39)
Purchases of property and equipment	0	1	3	0	2	2
Net cash from investing activities	(0)	(10)	(7)	1	(2)	(260)
Proceeds from issuing common stock	31	48	6	—	7	830
Proceeds from issuing equity	—	—	—	—	7	—
Net cash from financing activities	31	42	34	19	50	863
Net change in cash	24	15	—	—	—	—

SIC 3663 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3663 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Ondas	658	84	(86)*	570.6M	16.1 quarters	Q2 FY26 10-QJun 30, 2026
Clearfield	20	44	not reported	13.6M	—	Q3 FY26 10-QJun 30, 2026
Aviat Networks	73	not reported	3.1*	12.8M	—	Q4 FY26 10-KJul 3, 2026
Harmonic	232	133	(58)*	109.1M	4.0 quarters	Q2 FY25 10-QJul 3, 2026
Turtle Beach	20	56	6.5*	17.9M	—	Q2 FY26 10-QJun 30, 2026
Powerfleet	33	111	8.4	134.2M	—	Q1 FY27 10-QJun 30, 2026
BlackSky Technology	37	33	(3.5)*	40.9M	66.4 quarters	Q2 FY26 10-QJun 30, 2026
ADTRAN Holdings	79	281	26*	81.5M	—	Q2 FY26 10-QJun 30, 2026
Unusual Machines	230	17	(21)*	50.0M	10.7 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.