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Companies / Technology / Ondas Inc.
ONDS

Ondas Inc.

TechnologyCommunications Equipment
Ticker ONDSWEST PALM BEACH, FLFiscal year ends DecemberBook value per share $3.20Diluted shares 491.3M

Ondas Inc. (ONDS) operates as a defense, security, and critical infrastructure technology company organized around three primary business units: Ondas Autonomous Systems Inc., Ondas Networks Inc., and Ondas Capital Inc. The company develops and commercializes autonomous systems, private wireless networking… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$50.73M
+605.3% year over year
Last 12 mo $174.10M
-115.09%
+366.1 percentage points
Last 12 mo -140.40%
$-133.38M
−250.9% year over year
Last 12 mo $163.06M
-30.47%
+198.7 percentage points
Last 12 mo 10.39%
Cash & financing
$-38.75M
−15.8% year over year
Last 12 mo $-161.06M
$-40.82M
−16.1% year over year
Last 12 mo $-171.95M
0.03
Was 3.27× a year earlier
Last 12 mo 0.00
221.8K
−99.7% year over year
Last 12 mo 491.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Ondas Inc. does

In the company’s own words

Ondas Inc. (ONDS) operates as a defense, security, and critical infrastructure technology company organized around three primary business units: Ondas Autonomous Systems Inc., Ondas Networks Inc., and Ondas Capital Inc. The company develops and commercializes autonomous systems, private wireless networking technologies, and strategic investment initiatives supporting mission-critical solutions for government and industrial customers. More information is available at www.ondas.com.

Ondas Autonomous Systems focuses on autonomous and unmanned aerial and ground systems integrated with mission solutions for defense, homeland security, public safety, and critical infrastructure markets. The division develops counter-unmanned aerial system capabilities, aerial intelligence surveillance and reconnaissance platforms, and unmanned ground vehicle applications. Key products include the Optimus System, a fully autonomous aerial platform designed for persistent missions in complex environments, and the Iron Drone Raider, an autonomous interceptor drone for neutralizing hostile drones. The division also integrates counter-UAS capabilities through the CoRF platform and provides ground-domain autonomy through subsidiaries including 4M Defense, Roboteam, and Apeiro Motion. American Robotics, part of this division, received FAA Type Certification for the Optimus 1-EX in September 2023, enabling scalable autonomous operations within the U.S. National Airspace System.

Ondas Networks provides mission-critical private wireless connectivity solutions for Industrial Internet of Things applications, enabling secure, reliable communications in demanding critical infrastructure environments. The division's FullMAX platform is a patented software-defined radio system designed for secure, private, wide-area broadband networks. Ondas Networks' intellectual property has been adopted by the Institute of Electrical and Electronics Engineers and forms the core of the IEEE 802.16 standard. The platform targets North American freight rail operators and other critical infrastructure sectors including electric utilities, oil and gas, and public safety.

Ondas Capital serves as the company's strategic investment and partnership platform, identifying and advancing opportunities that strengthen operating businesses through targeted investments, partnerships, and capital formation initiatives designed to accelerate technology development and expand market access.

Company details
Sector
Technology
Industry
Communications Equipment
Headquarters
WEST PALM BEACH, FL
Fiscal year end
December
CIK
1646188
SIC
3663

Financial performance, year by year

Fiscal 2016–2025 · USD
$-164.13M$-71.88M$20.36M$112.61M$204.85M2016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Ondas Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

149
funds hold it
0 of 35
superinvestors hold it
$809.61M
held by funds, at market
15.9%
of shares held by funds

Largest fund holders · Ondas Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.12%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.05%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.02%of fund net assets
Hood River Small-Cap Growth Fund
HRSMX · Manager Directed Portfolios
0.56%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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