Overview
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- TickerONDS on Nasdaq1
- IndustryRadio & Tv Broadcasting & Communications Equipment1
- HeadquartersSunnyvale, United States1
- Websitewww.ondas.com
- Incorporated inNV5
- Business address222 Lakeview Avenue, Suite 800, West Palm Beach, Fl 334015
- Filer categoryNon-accelerated filer, Smaller reporting company5
- Legal formCorporation3
- LEI549300JWLHDUB82V86073
- StatusActive3
- LEI statusLapsed (not renewed)3
- Registered addressc/o PARACORP INCORPORATED, 318 N CARSON ST #208, 89701 Carson City, United States3
- Registered withBusiness Center (Secretary of State), E0640082014-23
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OAS has assembled technology and go-to-market platforms oriented around four priority Pillars:7 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
39.7%Gross margin8
-115.1%Operating margin8
-260.7%Net margin8
605.3%Revenue growth, 20258
-30.2%Return on equity8
-$40.8MFree cash flow8
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Product Revenue brought in 68% of the revenue Ondas broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Product Revenue | $2.8M | $34.6M |
| Service Revenue | $2.5M | $10.2M |
| Development Revenue | $1.9M | $5.9M |
| Service And Subscription Revenue | $2.5K | $10.2K |
Regions
Israel brought in 61% of the revenue Ondas broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| Israel | $4.3M | $30.8M |
| Other Countries | $329.0K | $7.8M |
| DEMember | $6.6M | |
| AE | $753.0K | $3.9M |
| United States | $1.8M | $1.6M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue59¢$30.6M
- Research and development40¢$20.9M
- Income tax1¢$488.0K
Out of $50.7M in revenue.8 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenues, net | $50.7M | $7.2M |
| Cost of goods sold | $30.6M | $6.8M |
| Gross profit | $20.2M | $345.0K |
| General and administrative | $44.5M | $17.1M |
| Sales and marketing | $13.2M | $5.3M |
| Research and development | $20.9M | $12.5M |
| Total operating expenses | $78.5M | $35.0M |
| Operating loss | -$58.4M | -$34.6M |
| Other income (expense), net | $11.0K | -$20.0K |
| Change in fair value of warrant liability, net | -$82.2M | |
| Change in fair value of government grant liability | -$204.0K | $95.0K |
| Interest and dividend income | $9.1M | $235.0K |
| Unrealized gain on investments | $5.4M | |
| Interest expense | -$6.6M | -$3.6M |
| Foreign exchange gain (loss), net | -$27.0K | -$88.0K |
| Total other income (expense), net | -$74.5M | -$3.4M |
| Loss before provision for income taxes | -$132.9M | -$38.0M |
| Provision for income taxes | $488.0K | |
| Net loss | -$133.4M | -$38.0M |
| Less preferred dividends attributable to noncontrolling interest | $1.6M | $1.5M |
| Less deemed dividends attributable to accretion of redemption value | $3.6M | $2.9M |
| Less net loss attributable to noncontrolling interest | -$1.4M | |
| Net loss attributable to Ondas Inc. stockholders | -$137.2M | -$42.4M |
| Net loss per share - basic (in Dollars per share) | -$0.62 | -$0.61 |
| Net loss per share - diluted (in Dollars per share) | -$0.62 | -$0.61 |
| Weighted average number of common shares outstanding, basic (in Shares) | 221.8K shares | 69.9K shares |
| Weighted average number of common shares outstanding, diluted (in Shares) | 221.8K shares | 69.9K shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.8
| Period ending | 2025-12-31 | 2025-08-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $550.7M | $30.0M | ||
| Restricted cash | $43.6M | $41.0K | ||
| Short-term investments | $21.8M | |||
| Accounts receivable, net | $22.4M | $5.2M | ||
| Inventory, net | $22.0M | $9.8M | ||
| Other current assets | $25.5M | $2.5M | ||
| Total current assets | $685.9M | $47.5M | ||
| Property and equipment, net | $10.2M | $2.6M | ||
| Goodwill, net of accumulated impairment charges | $251.8M | $27.8M | ||
| Intangible assets, net | $136.9M | $27.2M | ||
| Long-term equity investments | $35.6M | |||
| Other assets | $12.4M | $4.6M | ||
| Total assets | $1.1B | $109.6M | ||
| Accounts payable | $13.9M | $5.7M | ||
| Accrued expenses and other current liabilities | $34.0M | $5.8M | ||
| Accrued purchase consideration | $75.0M | |||
| Notes payable, net of unamortized debt discount and issuance costs of $0 and $227, respectively, related party | $1.5M | $1.3M | ||
| Notes payable | $704.0K | |||
| Convertible note payable, net of unamortized debt discount and issuance cost of $0 and $362, respectively, related party | $3.5M | $5.1M | ||
| Convertible note payable, net of debt discount and issuance cost of $0 and $5,236, respectively | $3.0M | $31.9M | ||
| Deferred revenue | $8.0M | $329.0K | ||
| Government grant liability | $2.3M | $389.0K | ||
| Total current liabilities | $141.8M | $50.6M | ||
| Convertible notes payable, net of current portion, net of unamortized debt discount and issuance cost of $0 and $1,682, respectively | $3.8M | $15.9M | ||
| Government grant liability, net of current portion | $1.4M | $2.2M | ||
| Warrant liability | $489.4M | |||
| Deferred tax liability | $14.5M | |||
| Other long-term liabilities | $10.2M | $5.1M | ||
| Total liabilities | $661.2M | $73.7M | ||
| Redeemable noncontrolling interest | $29.8M | $19.4M | ||
| Preferred stock par value $0.0001; 5,000,000 shares authorized at December 31, 2025 and December 31, 2024, and none issued or outstanding at December 31, 2025 and December 31, 2024 | $2.0M | |||
| Common stock par value $0.0001; 800,000,000 and 300,000,000 shares authorized at December 31, 2025 and 2024, respectively; 380,763,481 and 93,173,191 issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $38.0K | $9.0K | ||
| Additional paid in capital | $805.8M | $252.9M | ||
| Accumulated other comprehensive income | $329.0K | |||
| Accumulated deficit | -$368.4M | -$236.4M | ||
| Total Ondas Inc. stockholders equity | $437.8M | $16.6M | ||
| Noncontrolling interest | $4.0M | $334.0K | ||
| Total stockholders equity | $441.8M | $16.6M | $33.1M | |
| Total liabilities and stockholders equity | $1.1B | $109.6M | ||
| Notes payable, net of unamortized debt discount and issuance costs related party | $0 | $227.0K | ||
| Convertible notes payable, net of unamortized debt discount and issuance cost | $0 | $362.0K | ||
| Convertible notes payable, net of unamortized debt discount and issuance cost | $0 | $5.2M | ||
| Unamortized debt discount and issuance cost on convertible notes payable, net of current | $0 | $1.7M | ||
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in Shares) | 5.0M shares | 5.0M shares | ||
| Common stock par value (in Dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in Shares) | 800.0M shares | 300.0M shares | ||
| Common stock, shares issued (in Shares) | 380.8M shares | 93.2M shares | ||
| Common stock, shares outstanding (in Shares) | 380.8M shares | 93.2M shares |
| Period ending | 2025-12-31 | 2025-08-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $550.7M | $30.0M | ||
| Restricted cash | $43.6M | $41.0K | ||
| Short-term investments | $21.8M | |||
| Accounts receivable, net | $22.4M | $5.2M | ||
| Inventory, net | $22.0M | $9.8M | ||
| Other current assets | $25.5M | $2.5M | ||
| Total current assets | $685.9M | $47.5M | ||
| Property and equipment, net | $10.2M | $2.6M | ||
| Goodwill, net of accumulated impairment charges | $251.8M | $27.8M | ||
| Intangible assets, net | $136.9M | $27.2M | ||
| Long-term equity investments | $35.6M | |||
| Other assets | $12.4M | $4.6M | ||
| Total assets | $1.1B | $109.6M | ||
| Accounts payable | $13.9M | $5.7M | ||
| Accrued expenses and other current liabilities | $34.0M | $5.8M | ||
| Accrued purchase consideration | $75.0M | |||
| Notes payable, net of unamortized debt discount and issuance costs of $0 and $227, respectively, related party | $1.5M | $1.3M | ||
| Notes payable | $704.0K | |||
| Convertible note payable, net of unamortized debt discount and issuance cost of $0 and $362, respectively, related party | $3.5M | $5.1M | ||
| Convertible note payable, net of debt discount and issuance cost of $0 and $5,236, respectively | $3.0M | $31.9M | ||
| Deferred revenue | $8.0M | $329.0K | ||
| Government grant liability | $2.3M | $389.0K | ||
| Total current liabilities | $141.8M | $50.6M | ||
| Convertible notes payable, net of current portion, net of unamortized debt discount and issuance cost of $0 and $1,682, respectively | $3.8M | $15.9M | ||
| Government grant liability, net of current portion | $1.4M | $2.2M | ||
| Warrant liability | $489.4M | |||
| Deferred tax liability | $14.5M | |||
| Other long-term liabilities | $10.2M | $5.1M | ||
| Total liabilities | $661.2M | $73.7M | ||
| Redeemable noncontrolling interest | $29.8M | $19.4M | ||
| Preferred stock par value $0.0001; 5,000,000 shares authorized at December 31, 2025 and December 31, 2024, and none issued or outstanding at December 31, 2025 and December 31, 2024 | $2.0M | |||
| Common stock par value $0.0001; 800,000,000 and 300,000,000 shares authorized at December 31, 2025 and 2024, respectively; 380,763,481 and 93,173,191 issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $38.0K | $9.0K | ||
| Additional paid in capital | $805.8M | $252.9M | ||
| Accumulated other comprehensive income | $329.0K | |||
| Accumulated deficit | -$368.4M | -$236.4M | ||
| Total Ondas Inc. stockholders equity | $437.8M | $16.6M | ||
| Noncontrolling interest | $4.0M | $334.0K | ||
| Total stockholders equity | $441.8M | $16.6M | $33.1M | |
| Total liabilities and stockholders equity | $1.1B | $109.6M | ||
| Notes payable, net of unamortized debt discount and issuance costs related party | $0 | $227.0K | ||
| Convertible notes payable, net of unamortized debt discount and issuance cost | $0 | $362.0K | ||
| Convertible notes payable, net of unamortized debt discount and issuance cost | $0 | $5.2M | ||
| Unamortized debt discount and issuance cost on convertible notes payable, net of current | $0 | $1.7M | ||
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in Shares) | 5.0M shares | 5.0M shares | ||
| Common stock par value (in Dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in Shares) | 800.0M shares | 300.0M shares | ||
| Common stock, shares issued (in Shares) | 380.8M shares | 93.2M shares | ||
| Common stock, shares outstanding (in Shares) | 380.8M shares | 93.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$133.4M | -$38.0M |
| Investment gains | -$5.4M | |
| Depreciation | $946.0K | $602.0K |
| Amortization of debt discount and issuance cost | $4.9M | $2.5M |
| Amortization of intangible assets | $5.8M | $4.2M |
| Amortization of right of use asset | $1.2M | $842.0K |
| Noncash interest expense | $331.0K | |
| Provision for obsolete inventory | $923.0K | $121.0K |
| Credit losses | $993.0K | |
| Loss on disposal of equipment | $2.0K | |
| Loss on intellectual property | $16.0K | $28.0K |
| Gain on termination of operating lease | -$12.0K | |
| Change in fair value of warrant liability, net | $82.2M | |
| Change in fair value of government grant liability | $48.0K | -$215.0K |
| Stock-based compensation | $16.0M | $1.3M |
| Cash paid for right of use asset | -$272.0K | |
| Accounts receivable | -$13.6M | -$2.9M |
| Inventory | -$4.8M | -$5.5M |
| Other current assets | -$18.9M | $491.0K |
| Other assets | -$725.0K | -$64.0K |
| Accounts payable | $4.5M | $1.2M |
| Accrued expenses and other current liabilities | $22.1M | $1.2M |
| Deferred revenue | $176.0K | $157.0K |
| Operating lease liability | -$1.5M | -$180.0K |
| Deferred tax liability | -$16.0K | |
| Other liabilities | $480.0K | $83.0K |
| Net cash flows used in operating activities | -$38.7M | -$33.5M |
| Patent costs | -$67.0K | -$37.0K |
| Purchase of equipment | -$2.0M | -$1.6M |
| Proceeds from sale of equipment | $1.0K | |
| Purchase of software intangible | -$38.0K | -$61.0K |
| Purchase of long-term equity investments | -$35.6M | |
| Purchases of short-term investments | -$15.4M | |
| Cash paid for asset acquisition, net of cash acquired | -$169.0K | |
| Cash paid for business acquisition, net of cash acquired | -$206.8M | |
| Net cash flows used in investing activities | -$260.1M | -$1.7M |
| Proceeds from exercise of options and warrants | $30.8M | $58.0K |
| Proceeds from exercise of warrants in Ondas Autonomous Systems | $1.2M | |
| Proceeds from sale of common stock and warrants, net of issuance costs | $829.5M | $7.3M |
| Proceeds from convertible notes payable, net of issuance costs, related party | $5.4M | |
| Proceeds from convertible notes payable, net of issuance costs | $923.0K | $31.6M |
| Proceeds from notes payable | $235.0K | |
| Proceeds from notes payable, net of issuance costs, related party | $1.4M | |
| Proceeds from government grant | $365.0K | $300.0K |
| Proceeds from sale of noncontrolling interest in Ondas Networks, net of issuance costs | $4.4M | |
| Payments on notes payable | -$29.0K | |
| Payments of issuance costs related to debt conversion | -$11.0K | |
| Payments on government grant liability | -$342.0K | -$277.0K |
| Net cash flows provided by financing activities | $862.7M | $50.2M |
| Increase in cash, cash equivalents, and restricted cash | $563.8M | $15.0M |
| Effect of exchange rate on cash | $585.0K | |
| Cash paid for interest | $41.0K | $22.0K |
| Cash paid for income taxes | $10.0K | |
| Preferred dividends attributable to redeemable noncontrolling interest | $1.6M | $1.5M |
| Accretion of redeemable noncontrolling interest to redemption value | $4.3M | $2.9M |
| Recognition of redeemable noncontrolling interest in business acquisition | $5.6M | |
| Common stock in relation to business acquisitions | $34.8M | |
| Common stock issued in exchange for debt repayment | $53.7M | $14.2M |
| Warrants in relation to sale of redeemable preferred stock and notes payable with respect to Ondas Networks | $346.0K | $2.8M |
| Warrants in relation to sale of common stock | $2.2M | |
| Warrants in Ondas Autonomous Systems, in relation to sale of common stock | $955.0K | |
| Non-cash consideration for settlement of development agreement payable | $342.0K | |
| Transfer of equipment into inventory | $2.3M | |
| Operating leases right-of-use assets obtained in exchange of lease liabilities | $1.9M |
No quarter-by-quarter statement was filed.
Corporate structure
Ondas sits at the top of its group. 10 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Ondas
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Ondas, latest Jul 31, 2026
- BlackRock Filed SCHEDULE 13G on Ondas, latest Jul 29, 2026 (3 filings since Feb 3, 2023)
- Laurence E. Hirsch Filed SCHEDULE 13G on Ondas, latest Jul 6, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Ondas, latest Mar 27, 2026 (2 filings since Jan 30, 2026)
- Hood River Capital Management LLC Filed SCHEDULE 13G/A on Ondas, latest Feb 17, 2026 (2 filings since Nov 14, 2025)
- Goldman Sachs Filed SCHEDULE 13G/A on Ondas, latest Feb 9, 2026 (2 filings since Nov 14, 2025)
- JANE STREET GROUP, LLC Filed SCHEDULE 13G/A on Ondas, latest Feb 2, 2026 (2 filings since Nov 21, 2025)
- Charles & Potomac Capital, LLC Filed SCHEDULE 13D/A on Ondas, latest Jun 6, 2025 (6 filings since Aug 29, 2023)
- ARMISTICE CAPITAL, LLC Filed SC 13G on Ondas, latest Nov 14, 2024
- Ondas Sunnyvale, California, United States
- World View Subsidiary · Tucson
- 4M Defense Ltd., a company organized under the laws of the State of Subsidiary · Israel
- a company organized under the laws of the State of Subsidiary · Israel
- Insight Intelligent Sensors Ltd., a company organized under the laws of the State of Subsidiary · Israel
- laws of the State of Subsidiary · Israel
- of the State of Subsidiary · Israel
- Robo-Team Defense Ltd., a company organized under the laws of the State of Subsidiary · Israel
- S.P.O. Smart Precision Optics Ltd., a company organized under the laws of the State of Subsidiary · Israel
- the laws of Subsidiary · Singapore
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Ondas reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $14.9M8 Dec 31, 2025 | $6.1M8 Dec 31, 2024 | +143.7% |
| Accumulated depreciation | $4.7M8 Dec 31, 2025 | $3.5M8 Dec 31, 2024 | +32.4% |
| Property and equipment, net | $10.2M8 Dec 31, 2025 | $2.6M8 Dec 31, 2024 | +294.9% |
| Operating-lease assets (leased space) | $10.4M8 Dec 31, 2025 | $3.9M8 Dec 31, 2024 | +164.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $550.7M8 Dec 31, 2025 | $30.0M8 Dec 31, 2024 | +1738.4% |
| Stakes in other companies (equity method) | $35.6M8 Dec 31, 2025 | $013 Dec 31, 2024 | |
| Long-term investments | $35.6M8 Dec 31, 2025 | $1.5M12 Dec 31, 2022 | +2272.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $251.8M8 Dec 31, 2025 | $27.8M8 Dec 31, 2024 | +807.4% |
| Finite-lived intangibles, gross | $155.0M8 Dec 31, 2025 | $40.7M8 Dec 31, 2024 | +281.3% |
| Accumulated amortization | -$18.1M8 Dec 31, 2025 | -$13.5M8 Dec 31, 2024 | −34.6% |
| Finite-lived intangibles, net | $136.9M8 Dec 31, 2025 | $27.2M8 Dec 31, 2024 | +403.7% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $22.0M8 Dec 31, 2025 | $9.8M8 Dec 31, 2024 | +123.6% |
| Raw materials | $14.2M8 Dec 31, 2025 | $4.4M8 Dec 31, 2024 | +225.1% |
| Work in process | $1.5M8 Dec 31, 2025 | $306.0K8 Dec 31, 2024 | +380.4% |
| Finished goods | $8.0M8 Dec 31, 2025 | $5.4M8 Dec 31, 2024 | +48.5% |
Properties, in its own words
As of December 31, 2025, the Company had facilities in approximately four countries, including approximately 15 principal administrative, sales, research and development, manufacturing and distribution facilities. Four of these facilities are located in the United States in MA, MD, FL and CA and 11 are located outside the United States, primarily in Israel. Refer to the Consolidated Financial Statements included in this Annual Report for additional information with respect to the Company’s lease commitments.
Item 2 of the 10-K filed Mar 30, 2026.7
Leadership
Who has led Ondas, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
20202025
- Chief executive officerEric A. Brock Jan 31, 2019 to now17
- ChairEric A. Brock Jan 31, 2019 to now17
- PresidentEric A. Brock Jun 12, 2024 to now18
- PresidentReese Mozer Feb 24, 2023 to Feb 24, 202319
- PresidentThomas Bushey Jun 9, 2020 to Jun 9, 202020
- Chief financial officerNeil J. Laird Jun 24, 2024 to now21
- Chief financial officerYishay Curelaru Sep 29, 2023 to Apr 15, 202422
- Chief financial officerDerek Reisfield Dec 21, 2021 to Feb 14, 202323
- Chief financial officerStewart Kantor Jan 31, 2019 to Dec 13, 202124
- Chief operating officerRobert Patrick Huston Jan 2, 2026 to now25
Board members and other officers (8)
- Board memberRon Stern Nov 26, 2025 to now26
- Board memberJoseph Popolo V. May 23, 2024 to Jan 3, 202527
- Board memberJaspreet K. Sood Jan 20, 2021 to now28
- Board memberThomas Bushey Jun 9, 2020 to Aug 21, 202320
- Board memberRandy Seidl Nov 18, 2020 to now29
- Board memberDerek Reisfield Jan 31, 2019 to Feb 14, 202330
- Board memberRichard H. Silverman Jan 31, 2019 to Aug 21, 202331
- Board memberStewart Kantor Jan 31, 2019 to Dec 13, 202124
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries
Subsidiaries (Exhibit 21)
- 4M Defense Ltd., a company organized under the laws of the State of Israel.6
- Insight Intelligent Sensors Ltd., a company organized under the laws of the State of Israel.6
- Robo-Team Defense Ltd., a company organized under the laws of the State of Israel.6
- S.P.O. Smart Precision Optics Ltd., a company organized under the laws of the State of Israel.6
- a company organized under the laws of the State of Israel.6
- laws of the State of Israel.6
- of the State of Israel.6
- the laws of Singapore.6
- the laws of the State of Israel.6
From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Oct 13, 20268-K Regulation FD disclosure; Other events33
- Sep 23, 20268-K Unregistered sale of shares; Other events34
- Sep 14, 20268-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares35
- Aug 28, 20268-K Unregistered sale of shares; Other events36
- Aug 13, 20268-K Results of operations37
- Aug 11, 20268-K Financial statements and exhibits38
- Aug 10, 20268-K Completed an acquisition or sale; Unregistered sale of shares; Other events39
- Aug 7, 20268-K Executive or director change40
- Jul 24, 20268-K Unregistered sale of shares; Other events41
- Jul 6, 20268-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares42
- Jun 26, 20268-K Unregistered sale of shares; Other events43
- Jun 22, 20268-K Unregistered sale of shares; Other events44
- Jan 31, 2019New chief executive Eric A. Brock becomes CEO17
- Dec 22, 2014Founded Ondas is founded3
Calendar
Coming up
- Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.06) a share, on Nov 13, 2025.45
When it reported results
- Aug 13, 2026Reported quarterly or annual results37
- May 14, 2026Reported quarterly or annual results46
- Mar 25, 2026Reported quarterly or annual results47
- Mar 23, 2026Reported quarterly or annual results48
- Mar 9, 2026Reported quarterly or annual results49
- Jan 16, 2026Reported quarterly or annual results50
- Nov 13, 2025Reported quarterly or annual results51
- Nov 13, 2025Reported quarterly or annual results52
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
586 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 242 major events, 103 insider forms, 20 large holders, 10 private raises, 191 other. The latest 20:
- Oct 13, 20268-K CURRENT REPORT EDGAR
- Sep 24, 20264 EDGAR
- Sep 24, 2026144 EDGAR
- Sep 23, 20268-K CURRENT REPORT EDGAR
- Sep 23, 2026424B7 PROSPECTUS SUPPLEMENT EDGAR
- Sep 14, 20268-K CURRENT REPORT EDGAR
- Sep 14, 2026424B7 PROSPECTUS SUPPLEMENT EDGAR
- Aug 28, 20268-K CURRENT REPORT EDGAR
- Aug 28, 2026424B7 PROSPECTUS SUPPLEMENT EDGAR
- Aug 21, 2026D EDGAR
- Aug 20, 20264 EDGAR
- Aug 18, 2026144 EDGAR
- Aug 14, 20264 EDGAR
- Aug 14, 20264 EDGAR
- Aug 14, 20264 EDGAR
- Aug 14, 20264 EDGAR
- Aug 14, 2026144 EDGAR
- Aug 14, 2026144 EDGAR
- Aug 14, 2026144 EDGAR
- Aug 14, 2026144 EDGAR
The 586 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
66 open-market trades by officers, directors and large owners since October 2021: 13 buys and 53 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 24, 2026 | LAIRD NEIL JCFO and Treasurer | Sale | 4,952 | $7.74 | $38.3K | Form 4 |
| Aug 18, 2026 | COHEN RICHARD MDirector | Sale | 7,500 | $8.96 | $67.2K | Form 4 |
| Jun 2, 2026 | Brock Eric AChairman, CEO and President | Sale | 2,378,245 | $13.43 | $31.9M | Form 4 |
| May 20, 2026 | COHEN RICHARD MDirector | Sale | 7,500 | $9.50 | $71.2K | Form 4 |
| May 19, 2026 | Seidl RandyDirector | Sale | 10,000 | $9.83 | $98.3K | Form 4 |
| Dec 31, 2025 | Brock Eric AChairman, CEO and President | Sale | 475,000 | $9.71 | $4.6M | Form 4 |
| Dec 22, 2025 | SOOD JASPREET KDirector | Sale | 29,698 | $9.48 | $281.5K | Form 4 |
| Dec 22, 2025 | Seidl RandyDirector | Sale | 21,520 | $9.48 | $204.0K | Form 4 |
| Dec 22, 2025 | COHEN RICHARD MDirector | Sale | 25,861 | $9.48 | $245.2K | Form 4 |
| Dec 22, 2025 | LAIRD NEIL JCFO and Treasurer | Sale | 4,526 | $9.48 | $42.9K | Form 4 |
| Nov 26, 2025 | Stern RonDirector | Sale | 850,000 | $7.91 | $6.7M | Form 4 |
| Jun 17, 2025 | COHEN RICHARD MDirector | Sale | 7,567 | $1.69 | $12.8K | Form 4 |
| Jun 17, 2025 | SOOD JASPREET KDirector | Sale | 8,673 | $1.69 | $14.7K | Form 4 |
| Mar 21, 2025 | SOOD JASPREET KDirector | Sale | 8,842 | $0.68 | $6.0K | Form 4 |
| Mar 21, 2025 | COHEN RICHARD MDirector | Sale | 7,717 | $0.68 | $5.2K | Form 4 |
| Dec 19, 2024 | Seidl RandyDirector | Sale | 21,359 | $1.29 | $27.6K | Form 4 |
| Dec 19, 2024 | SOOD JASPREET KDirector | Sale | 28,971 | $1.29 | $37.4K | Form 4 |
| Dec 19, 2024 | COHEN RICHARD MDirector | Sale | 25,306 | $1.29 | $32.6K | Form 4 |
| Jun 11, 2024 | Brock Eric AChairman, CEO and President | Buy | 37,400 | $0.74 | $27.7K | Form 4 |
| Jun 10, 2024 | Brock Eric AChairman, CEO and President | Buy | 7,649 | $0.67 | $5.1K | Form 4 |
All 66 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Jul 31, 202653
- BlackRockSCHEDULE 13G, 3 filings Feb 3, 2023 to Jul 29, 202654
- Laurence E. HirschSCHEDULE 13G, 1 filing Jul 6, 202655
- VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Jan 30, 2026 to Mar 27, 202656
- Hood River Capital Management LLCSCHEDULE 13G/A, 2 filings Nov 14, 2025 to Feb 17, 202657
- Goldman SachsSCHEDULE 13G/A, 2 filings Nov 14, 2025 to Feb 9, 202658
- JANE STREET GROUP, LLCSCHEDULE 13G/A, 2 filings Nov 21, 2025 to Feb 2, 202659
- Charles & Potomac Capital, LLCSCHEDULE 13D/A, 6 filings Aug 29, 2023 to Jun 6, 202560
- ARMISTICE CAPITAL, LLCSC 13G, 1 filing Nov 14, 202461
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Patrick Huston(COO, General Counsel and Secretary) | 57 | $89.7K | $1.1M62 |
| 2025 | Eric A. Brock | 55 | $350.0K | $426.1K62 |
| 2024 | (CEO) | $200.0K | $219.3K62 |
Money raised
Private offerings the company reported to the SEC on Form D.
- Aug 10, 2026Raised $4.7 million in a private offering of equity Form D: 4 investors so far Form D
- Jul 2, 2026Raised $675.5 million in a private offering of equity Form D: 3 investors so far Form D
- Apr 24, 2026Filed a private offering of equity Form D: 1 investor so far Form D
- Apr 1, 2026Filed a private offering of equity Form D: 232 investors so far Form D
- Oct 29, 2025Filed a private offering of equity Form D: 2 investors so far Form D
- Feb 26, 2024Raised $4.5 million in a private offering of securities Form D: 9 investors so far Form D
- Aug 11, 2023Raised $3.5 million in a private offering of securities Form D: 1 investor so far Form D
- Jul 21, 2023Raised $11.5 million in a private offering of securities Form D: 1 investor so far Form D
- Apr 5, 2022Filed a private offering of equity Form D: 1 investor so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 39,500,271 | $325.5M | 0.0% | +30,188,317 |
| Vanguard Capital Management LLC | 21,914,212 | $180.6M | 0.0% | +3,600,025 |
| State Street Corp | 15,579,626 | $128.4M | 0.0% | +9,156,487 |
| Geode Capital Management, LLC | 12,715,298 | $104.8M | 0.0% | +7,414,164 |
| Vanguard Portfolio Management LLC | 12,482,729 | $102.9M | 0.0% | +12,344,121 |
| Hood River Capital Management LLC | 11,688,295 | $96.3M | 0.7% | +1,426,484 |
| Morgan Stanley | 11,441,930 | $94.3M | 0.0% | +5,038,920 |
| Van Eck Associates Corp | 10,278,737 | $84.7M | 0.1% | +86,978 |
| UBS Group AG | 6,872,057 | $56.6M | 0.0% | +3,227,936 |
| Marex Group Ltd | 6,807,921 | $56.1M | 0.4% | +1,885,210 |
| Jpmorgan Chase & Co | 6,593,434 | $53.1M | 0.0% | −349,810 |
| Northern Trust Corp | 4,397,076 | $36.2M | 0.0% | +3,268,823 |
| Voloridge Investment Management, LLC | 4,262,785 | $35.1M | 0.1% | New |
| Charles Schwab Investment Management Inc | 4,127,286 | $34.0M | 0.0% | +1,417,030 |
| Cantor Fitzgerald, L. P. | 3,827,592 | $31.5M | 0.3% | +933,155 |
| Citadel Advisors LLC | 3,713,296 | $30.6M | 0.0% | +3,244,935 |
| Vanguard Fiduciary Trust Co | 3,539,806 | $29.2M | 0.0% | +833,656 |
| Tremblant Capital Group | 3,366,218 | $27.7M | 0.8% | New |
| Goldman Sachs Group Inc | 3,315,808 | $27.3M | 0.0% | −1,921,815 |
| Mercer Global Advisors Inc /adv | 3,068,982 | $25.3M | 0.0% | +504,357 |
| Clear Street Group Inc. | 3,003,419 | $24.7M | 0.1% | −385,042 |
| Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD | 2,999,540 | $24.7M | 1.0% | +1,159,798 |
| Exchange Traded Concepts, LLC | 2,934,596 | $24.2M | 0.1% | +358,108 |
| RFG Advisory, LLC | 2,787,202 | $23.0M | 0.4% | +1,012,353 |
| Vident Advisory, LLC | 2,772,201 | $22.8M | 0.2% | +1,669,987 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Ondas is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAROndas Inc.2
- CIK0001646188
- Employer ID (EIN)47-26151027
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company7
- Incorporated inNevada7
- Fiscal year endsDecember 312
- Industry code (SIC)3663 Radio & Tv Broadcasting & Communications Equipment2
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
- Business address222 Lakeview Avenue, Suite 800, West Palm Beach, FL 334012
- Phone63141870442
- Shares outstanding570,552,341 as of Aug 11, 202615
- Public float$392.0M as of Jun 30, 20257
- AuditorRosenberg Rich Baker Berman, P.A., Somerset, New Jersey PCAOB ID 89; no auditor attestation of internal control over financial reporting7
- On EDGAR sinceJun 26, 20152
- Filings790 in all: 8-K (306), 4 (111), 424B7 (41), 144 (40), 10-Q (30), 424B5 (22), UPLOAD (19), S-1/A (17)2
All 50 form types
425 (16), DEFA14A (16), 3 (15), CORRESP (14), D (14), 10-K (10), EFFECT (10), S-8 (10), DEF 14A (7), S-3 (7), SC 13D/A (7), SCHEDULE 13G (7), 424B3 (6), 8-K/A (6), NT 10-Q (6), PRE 14A (5), SC 13D (5), ARS (4), SCHEDULE 13G/A (4), S-1 (3), SC 13G (3), 10-Q/A (2), 305B2 (2), D/A (2), DEL AM (2), S-3/A (2), S-3ASR (2), S-4/A (2), SCHEDULE 13D/A (2), 10-K/A (1), 424B4 (1), 8-A12B (1), 8-A12G (1), ARS/A (1), AW (1), CERT (1), DEFM14A (1), PREM14A (1), RW (1), S-3MEF (1), S-4 (1), SC 13G/A (1)
- Latest filingsAnnual report (10-K) Mar 30, 2026
Quarterly report (10-Q) Aug 13, 2026
Proxy statement (DEF 14A) Apr 21, 2026
Latest 8-K (8-K) Oct 13, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.0001 | ONDS | Nasdaq |
From the cover page of the 10-K filed Mar 30, 2026 (Section 12(b) of the Exchange Act).7
Risk factors and legal proceedings
The risks Ondas names in Item 1A of its 10-K filed Mar 30, 2026: 61 risks under these headings, as written.7
- Risks Related to Our Business and Industry
- We have incurred significant operating losses since inception and cannot assure you that we will ever achieve or sustain profitability.
- We may not successfully manage our growth.
- If we fail to retain our existing customers or do not acquire new customers in a cost-effective manner, our revenue may decrease and our business, financial condition or results of operations may be harmed.
- We have significant dependence on a small number of customers, and the loss of such customers or a decrease in business conducted with such customers could materially harm our business, financial condition or results of operations.
- We depend on governmental customers and funding, and our business could be adversely affected by changes in government spending, budget priorities, or procurement policies.
- The adoption of the IEEE 802.16t wireless broadband standard, an evolution of the IEEE 802.16s standard published in 2017, by customers in our target critical infrastructure sectors is uncertain.
- Our growth depends in part on the success of our strategic collaborations with key customers, as well as on our ability to establish and expand a broad ecosystem of relationships with leading global industrial vendors.
- If the commercial UAS markets do not experience significant growth, if we cannot expand our customer base or if our products and services do not achieve broad acceptance, then we may not be able to achieve our anticipated level of growth.
- Project performance delays or difficulties, including those caused by third parties, or certain contractual obligations may result in additional costs to us, reductions in revenues or the payment of liquidated damages.
- We do not control certain aspects of the manufacturing process.
- Material delays or defaults in customer payments could leave us unable to cover expenditures related to such customer’s projects, including the payment of our subcontractors.
The other 50 risks
- Certain of our officers, employees, contractors and other service providers may work on projects that are inherently dangerous, and a failure to maintain a safe worksite could result in significant losses.
- Our products are subject to a lengthy sales cycle and our customers may cancel or change their product plans after we have expended substantial time and resources in the design of their products.
- Our marketing efforts depend significantly on our ability to receive positive references from our existing customers.
- If our products contain defects or otherwise fail to perform as expected, we could be liable for damages and incur unanticipated warranty claims, recall and other related expenses, our reputation could be damaged, we could lose market share and, as a result, our financial condition or results of operations could suffer.
- Negative customer perception regarding the commercial UAS industry or the Company’s automated data solutions could have a material adverse effect on the demand for the Company’s products and the business, results of operations, financial condition and cash flows of the Company.
- Certain of our products makes use of lithium-ion battery cells, which, if not appropriately managed and controlled, have occasionally been observed to catch fire or vent smoke and flames. If such events occur with our products, we could face liability associated with our warranty, for damage or injury, adverse publicity and a potential safety recall, any of which would adversely affect our business, prospects, financial condition and operating results.
- Due to the volatile and flammable nature of certain components of our products and equipment, fires or explosions may disrupt our business or cause significant injuries, which could adversely affect our financial results.
- Our technology, products and services have only been developed in the last several years and we have had only limited opportunities to deploy and assess their performance in the field at full scale.
- If we fail to respond to evolving technological changes, our products and services could become obsolete or less competitive.
- We depend on our ability to develop new products and to enhance and sustain the quality of existing products.
- We expect to incur substantial research and development costs and devote significant resources to identifying and commercializing new products and services, which could significantly reduce our profitability and may never result in revenue to us.
- If our products do not interoperate with our customers’ other systems, the purchase or deployment of our products and services may be delayed or cancelled.
- The Company operates in a competitive market.
- We rely on our management team and need additional personnel to grow our business, and the loss of one or more key officers, employees, contractors and other service providers or our inability to attract and retain qualified personnel could harm our business, financial condition or results of operations.
- Cyberattacks through security vulnerabilities could lead to disruption of business, reduced revenue, increased costs, liability claims, or harm to our reputation or competitive position.
- The development and use of artificial intelligence technologies presents risks that may affect our business, operations, and competitive position.
- If critical components or raw materials used to manufacture our products or used in our development programs become scarce or unavailable, then we may incur delays in manufacturing and delivery of our products and in completing our development programs, which could damage our business.
- We currently do not have long-term supply contracts with guaranteed pricing which exposes us to fluctuations in component, materials and equipment prices. Substantial increases in these prices would increase our operating costs and could adversely affect our business, prospects, financial condition and operating results.
- Our past acquisitions, as well as any acquisitions we may complete in the future, may be unsuccessful or result in other risks or developments that adversely affect our financial condition and results.
- If the Company is required to write down goodwill and other intangible assets, the Company’s financial condition and results could be negatively affected.
- War, terrorism, and other acts of violence may affect the markets in which we operate, our clients and our product and service delivery.
- We may not be able to secure adequate insurance policies, or secure insurance policies at reasonable prices.
- The Company will be affected by operational risks and may not be adequately insured for certain risks.
- Litigation may adversely affect our business, financial condition, and results of operations.
- Our cash could be adversely affected if the financial institutions in which we hold our cash fail.
- Unstable market and economic conditions may have serious adverse consequences on our business, financial condition and stock price.
- Risks Related to Regulatory Requirements
- We and our customers operate in a highly regulated business environment and changes in regulation could impose costs on us or make our products less economical.
- Failure to obtain necessary regulatory approvals from the FAA or other governmental agencies, or limitations put on the use of small UAS in response to public privacy and other concerns, may prevent us from expanding the sales of our drone solutions to industrial and government customers in the U.S.
- Substantially all our current wireless networking products depend on the availability and are subject to the use of licensed radio frequencies regulated by the FCC in the U.S.
- As a manufacturer of commercial UAS, we are subject to various government regulations, restrictions and requirements, and may be subject to additional regulations in the future, violation of which could subject us to sanctions or otherwise harm, restrict or add costs to our business.
- Our international operations are subject to various operational and financial risks that could adversely affect our business.
- We may become subject to increasing global trade laws and regulations.
- Changes in U.S. trade policy, including the imposition of new tariffs or other import restrictions, could increase our costs, disrupt our supply chain, and adversely affect our business, financial condition, and results of operations.
- Risks Related to our Intellectual Property
- Our ability to protect our intellectual property and proprietary technology is uncertain.
- Our business may suffer if it is alleged or found that our products infringe the intellectual property rights of others.
- If we are unable to protect the confidentiality of our proprietary information, the value of our technology and products could be adversely affected.
- We use open-source software in our products and services that may subject our products and services to general release or require us to re-engineer our products and services, which may cause harm to our business.
- Intellectual property rights do not necessarily address all potential threats to our competitive advantage.
- Risks Related to our Financial Results
- We will need to generate significant sales to achieve profitable operations.
- Our future profitability may be dependent upon achieving cost reductions and projected economies of scale from increasing manufacturing quantities of our products. Failing to achieve such reductions in manufacturing costs and projected economies of scale could materially adversely affect our business.
- If business growth falls short of expectations, we may need to obtain additional capital to fund our growth, operations, and obligations.
- Our revenue is not predictable and recognition of a significant portion of it will be deferred into future periods.
- If our internal controls over financial reporting or our disclosure controls and procedures are not effective, we may not be able to accurately report our financial results, prevent fraud or file our periodic reports in a timely manner, which may cause investors to lose confidence in our reported financial information and may lead to a decline in our stock price.
- Risks Related to our Common Stock
- We may issue more shares to raise additional capital, which may result in substantial dilution.
- Our Board may issue and fix the terms of shares of our preferred stock without stockholder approval, which could adversely affect the voting power of holders of our common stock or any change in control of our Company.
- If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business, our stock price and trading volume could decline.
- We do not intend to pay dividends for the foreseeable future.
- If our shares become subject to the penny stock rules, it would become more difficult to trade our shares.
- Certain provisions of our Amended and Restated Articles of Incorporation and Bylaws and Nevada law make it more difficult for a third-party to acquire us and make a takeover more difficult to complete, even if such a transaction were in the stockholders’ best interest.
- Our bylaws designate the Eighth Judicial District Court of Clark County of the State of Nevada as the sole and exclusive forum for certain actions, which could limit a stockholder’s ability to bring a claim in a judicial forum that it finds favorable for disputes with the Company and its directors, officers, or other employees and may discourage lawsuits with respect to such claims.
Legal proceedings
From time to time, we may become involved in various lawsuits and legal proceedings that arise in the ordinary course of business. Litigation is subject to inherent uncertainties and an adverse result in these, or other matters may arise from time to time that may harm our business. We are not currently involved in any legal proceeding or investigation by a governmental agency that we believe will have a material adverse effect on our business, financial condition, or operating results. For information related to our legal proceedings, refer to Note 17 of the accompanying Consolidated Financial Statements.
The opening of Item 3, Legal Proceedings.7
Links
- Websitewww.ondas.com1
- X (Twitter)x.com/OndasHoldings1
- LinkedInwww.linkedin.com/company/ondas-inc1
- WikidataQ138816278
- SEC EDGARCIK 1646188
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataOndas on Wikidata
- 2SEC EDGAROndas filings on SEC EDGAR
- 3
- 4Company websiteOndas logo
- 5SEC EDGAROndas filings on SEC EDGAR
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- 7
- 8SEC EDGAROndas 10-K for fiscal 2025
- 9SEC EDGAROndas 10-K for fiscal 2019
- 10SEC EDGAROndas 10-K for fiscal 2020
- 11SEC EDGAROndas 10-K for fiscal 2021
- 12SEC EDGAROndas 10-K for fiscal 2022
- 13SEC EDGAROndas 10-K for fiscal 2023
- 14SEC EDGAROndas 10-Q for fiscal 2026
- 15SEC EDGAROndas 10-Q for fiscal 2026
- 16SEC EDGAROndas 10-K for fiscal 2019
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- 18SEC EDGAREric A. Brock, President
- 19SEC EDGARReese Mozer, President
- 20SEC EDGARThomas Bushey, President
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- 26SEC EDGARRon Stern, Board member
- 27SEC EDGARJoseph Popolo V., Board member
- 28SEC EDGARJaspreet K. Sood, Board member
- 29SEC EDGARRandy Seidl, Board member
- 30SEC EDGARDerek Reisfield, Board member
- 31SEC EDGARRichard H. Silverman, Board member
- 32SEC EDGAROndas Form D naming Patrick J Huston
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- 34
- 35
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- 37SEC EDGARResults of operations
- 38SEC EDGARFinancial statements and exhibits
- 39
- 40SEC EDGARExecutive or director change
- 41
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- 45NasdaqNasdaq calendar
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- 54SEC EDGARBlackRock SCHEDULE 13G on Ondas
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