{ "ok": true, "cik": "1646188", "ticker": "ONDS", "name": "Ondas Inc.", "filings": [ { "form": "8-K", "filed": "2026-09-14", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.01 Completion of Acquisition or Disposition of Assets", "3.02 Unregistered Sales of Equity Securities", "7.01 Regulation FD Disclosure", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1646188/000121390026099531/0001213900-26-099531-index.htm" }, { "form": "8-K", "filed": "2026-08-28", "items": [ "3.02 Unregistered Sales of Equity Securities", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1646188/000121390026095097/0001213900-26-095097-index.htm" }, { "form": "10-Q", "filed": "2026-08-13", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1646188/000119312526349288/0001193125-26-349288-index.htm" }, { "form": "8-K", "filed": "2026-08-13", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1646188/000119312526347973/0001193125-26-347973-index.htm" }, { "form": "8-K", "filed": "2026-08-10", "items": [ "2.01 Completion of Acquisition or Disposition of Assets", "3.02 Unregistered Sales of Equity Securities", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1646188/000119312526341399/0001193125-26-341399-index.htm" }, { "form": "8-K", "filed": "2026-08-07", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1646188/000119312526340352/0001193125-26-340352-index.htm" } ], "events12m": 95, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001646188.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1646188" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up Ondas Inc. ($ONDS). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-14. 95 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-01-20.", "auditor": { "changes": [ { "filed": "2026-01-20", "url": "https://www.sec.gov/Archives/edgar/data/1646188/000121390026005424/0001213900-26-005424-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 50731000, "revenueGrowth1y": 6.0528291394411236, "revenueGrowthPerYear": 1.0439282727589898, "yearsOfData": 5, "operatingMargin": -1.1508545071061087, "operatingMarginPrior": -4.811483386625886, "netMargin": -2.6291616565807887, "operatingCashFlow": -38746000, "capitalSpending": 2034000, "freeCashFlow": -40780000, "researchAndDevelopment": 20879000, "researchShareOfRevenue": 0.4115629496757407, "cash": 550744000, "longTermDebt": null, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 2906771 }, { "fiscalYearEnd": "2022-12-31", "revenue": 2125817 }, { "fiscalYearEnd": "2023-12-31", "revenue": 15691430 }, { "fiscalYearEnd": "2024-12-31", "revenue": 7193000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 50731000 } ], "totalEquity": 437808000, "totalAssets": 1132841000, "equityRatio": 0.38646906317832774, "returnOnEquity": -0.30465409494572965, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 184889281.17939407, "high": 331989500.93773746, "baseline": 251927076.140338, "n": 749, "band": "b00" }, "ifPaceHeld": { "low": 184889281.17939407, "high": 331989500.93773746 } }, "edgarette": "🔖 Exposure: revenue $50.7M (FY2025). Experience: revenue up 605.3% on the year, up 104.4% a year over 4 years; operating margin -115.1%, up from -481.1%. Soundness: equity 38.6% of assets, return on equity -30.5%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $184.9M and $332.0M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (12 filers, $50M+ revenue, radio & tv broadcasting & communications equipment): operating margin -115.1% against a -7.1% median; growth 605.3% against 4.4%.", "peers": { "sic": 3663, "sicDescription": "Radio & Tv Broadcasting & Communications Equipment", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3663", "growth": [ 0.0439, 11 ], "opMargin": [ -0.0712, 12 ], "equityRatio": [ 0.2456, 11 ], "returnOnEquity": [ -0.0121, 9 ] }, "summary": "Ondas (ONDS) grew revenue 605% in FY2025 to $51 million, operating margin -115% against a -7.1% median for radio & tv broadcasting & communications equipment, equity 38.6% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Ondas Inc. against its own record and its peers
Operating marginPeer median -7.1%-115.1%Revenue, on the yearPeer median 4.4%605.3%Equity of assetsPeer median 24.6%38.6%Return on equityPeer median -1.2%-30.5%Gold tick: the median of 9–11 peers with $50M+ revenue in radio & tv broadcasting & communications equipment
", "chartHorizon": null, "backtest": { "tests": 5, "hits": 0, "rate": 0, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:22:37.280Z", "hash": "6489e291aa5d6530", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Ondas (ONDS) grew revenue 605% in FY2025 to $51 million, operating margin -115% against a -7.1% median for radio & tv broadcasting & communications equipment, equity 38.6% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 50731000, "totalDebt": null, "cash": 550744000 }, "experience": { "revenueGrowth1y": 6.0528291394411236, "revenueGrowthPerYear": 1.0439282727589898, "operatingMargin": -1.1508545071061087, "operatingMarginPrior": -4.811483386625886, "netMargin": -2.6291616565807887, "freeCashFlow": -40780000 }, "soundness": { "equityRatio": 0.38646906317832774, "returnOnEquity": -0.30465409494572965, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3663, "sicDescription": "Radio & Tv Broadcasting & Communications Equipment", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3663", "growth": [ 0.0439, 11 ], "opMargin": [ -0.0712, 12 ], "equityRatio": [ 0.2456, 11 ], "returnOnEquity": [ -0.0121, 9 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2026-01-20", "url": "https://www.sec.gov/Archives/edgar/data/1646188/000121390026005424/0001213900-26-005424-index.htm" } }, "range": { "low": 184889281.17939407, "high": 331989500.93773746, "baseline": 251927076.140338, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 749, "sizeBand": "b00" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 5, "hits": 0, "rate": 0, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:22:37.280Z", "hash": "6489e291aa5d6530", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001646188.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1646188" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }