For the year ending 2025-12-31, ONDS made $50,731,000 in revenue. -$137,171,000 in net income. Net profit margin of -270.39%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenues, net | 50,731,000 | 7,192,694 | 15,691,430 | 2,125,817 |
| Cost of goods sold | 30,575,000 | 6,847,511 | 9,310,256 | 1,016,654 |
| Gross profit | 20,156,000 | 345,183 | 6,381,174 | 1,109,163 |
| General and administrative | 44,474,000 | 17,141,882 | 21,556,976 | 23,618,823 |
| Sales and marketing | 13,187,000 | 5,336,204 | 5,908,263 | 3,456,257 |
| Research and development | 20,879,000 | 12,476,401 | 17,145,235 | 24,044,005 |
| Goodwill impairment | - | - | - | 19,419,600 |
| Long-term equity investment impairment | - | - | -1,500,000 | - |
| Total operating expenses | 78,540,000 | 34,954,487 | 46,110,474 | 70,538,685 |
| Operating loss | -58,384,000 | -34,609,304 | -39,729,300 | -69,429,522 |
| Other income (expense), net | - | - | -659,625 | -76,127 |
| Interest expense | - | - | 4,154,759 | 3,761,698 |
| Other income (expense), net | 11,000 | -19,890 | -5,115,572 | -3,812,283 |
| Change in fair value of warrant liability, net | 82,225,000 | - | - | - |
| Change in fair value of government grant liability | -204,000 | 94,962 | - | - |
| Interest and dividend income | 9,112,000 | 234,930 | 123,874 | 25,542 |
| Unrealized gain on investments | 5,400,000 | - | - | - |
| Interest expense | 6,575,000 | 3,620,258 | - | - |
| Foreign exchange gain (loss), net | -27,000 | -88,197 | -425,062 | - |
| Total other income (expense), net | -74,508,000 | -3,398,453 | - | - |
| Loss before provision for income taxes | -132,892,000 | -38,007,757 | -44,844,872 | - |
| Provision for income taxes | 488,000 | - | - | - |
| Net loss | -133,380,000 | -38,007,757 | -44,844,872 | -73,241,805 |
| Less preferred dividends attributable to noncontrolling interest | 1,560,000 | 1,504,138 | 512,207 | - |
| Less deemed dividends attributable to accretion of redemption value | 3,592,000 | 2,907,567 | 1,001,538 | - |
| Less net loss attributable to noncontrolling interest | -1,361,000 | - | - | - |
| Net loss attributable to ondas inc. stockholders | -137,171,000 | -42,419,462 | -46,358,617 | - |
| Basic EPS | -0.62 | -0.61 | -0.88 | -1.73 |
| Diluted EPS | -0.62 | -0.61 | -0.88 | -1.73 |
| Basic Average Shares | 221,769 | 69,917,062 | 52,740,215 | 42,242,525 |
| Diluted Average Shares | 221,769 | 69,917,062 | 52,740,215 | 42,242,525 |
Ondas Inc. (ONDS)
Ondas Inc. (ONDS)