The financials
Ondas Inc. by the numbers
Ondas Inc. (ONDS) reported revenue of $84M in Q2 2026 (quarter ended Jun 30, 2026), up 1235% from the same quarter a year earlier. That came with a gross margin of 43% and net loss of $88M. For the full year FY2025, revenue was $51M (+605% year on year) and net income −$132M. Its largest region in Q2 2026 was Israel at $37M, 45% of the disclosed total, well ahead of Europe at 23%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $84M | $6.3M | +1235% |
| Gross profit | $36M | $3.3M | +984% |
| Operating income | −$163M | −$9.3M | n/a |
| Net income | −$88M | −$11M | n/a |
| Diluted EPS | −$0.19 | −$0.08 | n/a |
| Geographic | Revenue | Share |
|---|---|---|
| Israel | $37M | 45% |
| Europe | $19M | 23% |
| North America | $17M | 21% |
| Africa | $4.3M | 5.1% |
| Asia | $2.6M | 3.1% |
| United Arab Emirates | $1.5M | 1.8% |
| Other Countries | $1.3M | 1.5% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q2 2026Total $83.8M (+67%)
North America grew +12330% year on yearUnited Arab Emirates -11% year on year
Segment Latestquarter on quarteryear on year
- Israel$37.5M$37.5MQoQ +73%year on year +2875%+73%+2875%
- Europe$19.4M$19.4MQoQ +61%year on year +523%+61%+523%
- North America$17.3M$17.3MQoQ +422%year on year +12330%+422%+12330%
- Africa$4.3M$4.3MQoQ -year on year ---
- Asia$2.6M$2.6MQoQ -78%year on year +6368%-78%+6368%
- United Arab Emirates$1.5M$1.5MQoQ +406%year on year -11%+406%-11%
- Other Countries$1.3M$1.3MQoQ +51%year on year -+51%-
Communication Equipment
Ranks #15 of 15 by Smart Score