Ondas Inc.
ONDSNasdaqTechnology · Radio & Tv Broadcasting & Communications Equipment · NV · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $50.7M | $7.2M | $15.7M | $2.1M | $2.9M | $2.2M |
| Operating income | −$58.4M | −$34.6M | −$39.7M | −$69.4M | −$18.0M | −$11.5M |
| Net income | −$132.2M | −$38.0M | −$44.8M | −$73.2M | −$15.0M | −$13.5M |
| Total assets | $1.13B | $109.6M | $92.2M | $97.9M | $117.4M | $28.5M |
| Total liabilities | $661.2M | $73.7M | $47.1M | $39.7M | $5.2M | $13.4M |
| Equity | $437.8M | $16.6M | $33.1M | $58.2M | $112.2M | $15.1M |
| EPS (diluted) | $-0.62 | $-0.61 | $-0.88 | $-1.73 | $-0.44 | — |
| Shares out. | 105.7M | 65.6M | 49.1M | 41.0M | 26.6M | 59.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −115.1%
- Net margin
- −260.7%
- Return on equity
- −30.2%
- Return on assets
- −11.7%
- Return on capital (ROCE)
- −5.9%
- Liabilities / assets
- 58.4%
- Debt / equity
- 1.51×
- Book value / share
- $4.14
- Revenue growth (YoY)
- 605.3%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 2.44grey zone
- Accruals / assets
- −8.3%clean
- Beneish M-Score
- 1.88elevated
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 5 warning● 2 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Beneish M-Score elevated — earnings-manipulation screen flag
- Altman Z″ in the grey zone
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 11, 2020
- NT 10-Qmissed a reporting deadline ↗May 15, 2018
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2017
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2017
- NT 10-Qmissed a reporting deadline ↗May 15, 2017
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2016
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Vanguard Group IncPassive (13G)Mar 27, 2026
- Hood River Capital Management LlcPassive (13G)Feb 17, 2026
- Goldman Sachs Group IncPassive (13G)Feb 9, 2026
- Jane Street Group, LlcPassive (13G)Feb 2, 2026
- Charles & Potomac Capital, LlcActivist (13D)Jun 6, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 152.8M | 2.1 | -7.0% |
| Apr 30, 2026 | 164.4M | 2.8 | +1.4% |
| Apr 15, 2026 | 162.0M | 3.2 | -1.4% |
| Mar 31, 2026 | 164.4M | 2.0 | +5.9% |
| Mar 13, 2026 | 155.2M | 1.4 | -1.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Unregistered equity sale · Other material eventMay 29, 2026
- Director / officer change · Shareholder voteMay 28, 2026
- Unregistered equity sale · Other material eventMay 28, 2026
- Unregistered equity sale · Other material eventMay 22, 2026
- Completed an acquisition or disposition · Unregistered equity sale · Regulation FD disclosureMay 21, 2026
- Entered a material agreement · Unregistered equity sale · Regulation FD disclosure · Other material eventMay 18, 2026
- Unregistered equity sale · Other material eventMay 18, 2026
- Unregistered equity sale · Other material eventMay 15, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4Jun 1, 2026
- 4May 29, 2026
- 4May 29, 2026
- 4May 29, 2026
- 8-KCURRENT REPORTMay 29, 2026
- 424B7PROSPECTUS SUPPLEMENTMay 29, 2026
- S-8REGISTRATION STATEMENTMay 28, 2026
- 8-KCURRENT REPORTMay 28, 2026
- 8-KCURRENT REPORTMay 28, 2026
- 424B7PROSPECTUS SUPPLEMENTMay 28, 2026
- 4May 22, 2026
- DEFA14ADEFINITIVE ADDITIONAL MATERIALSMay 22, 2026
- 8-KCURRENT REPORTMay 22, 2026
- 424B7PROSPECTUS SUPPLEMENTMay 22, 2026
- 4May 21, 2026
Event-driven situations (3)
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