Jun 2026 (Q2 FY26) — Aug 13, 2026
Ondas Q2 FY26 — Record Revenue and Increased Full-Year Outlook Driven by Strong Backlog and Organic Growth
Read the full callOndas earnings: last reported Thu, 13 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 83.8 | +1235.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -194.5 | −47.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -88.4 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $7.61 on 17 Oct 2025 → $6.06. High $14.01 (8 Jan 2026), low $5.25 (6 Nov 2025).
Overview
Call summaries
Ondas Q2 FY26 — Record Revenue and Increased Full-Year Outlook Driven by Strong Backlog and Organic Growth
Read the full callOndas Inc. Q1 FY26 — Tenfold Revenue Growth & Early Product-Level EBITDA Profitability
Read the full callOndas Q4 FY25 — Strategic Acquisitions Drive Accelerated Growth and Raised 2026 Outlook
Read the full callEvery analysed call
Financials
Net profit, year on year: −722% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1 | 4 | 4 | 6 | 10 | 30 | 50 | 84 |
| Operating profit | -9 | -9 | -10 | -9 | -16 | -23 | -43 | -163 |
| Operating margin | −584.9% | −206.3% | −242.7% | −147.5% | −153.5% | −77.5% | −85.1% | −194.5% |
| Other income | -1 | -2 | -4 | -2 | 8 | -78 | 404 | 44 |
| Interest | 1 | 1 | 4 | 2 | 0 | 1 | 0 | 1 |
| Profit before tax | -10 | -10 | -14 | -11 | -7 | -101 | 361 | -119 |
| Tax rate | — | — | — | 0.0% | −4.3% | −0.2% | 0.1% | 24.5% |
| Net profit | -10 | -10 | -14 | -11 | -7 | -100 | 363 | -88 |
| EPS ($ per share) | -0.15 | — | -0.15 | -0.08 | -0.03 | — | 0.58 | -0.18 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -32 | -52 | -65 | -80 | -154 | -198 | -236 | -368 |
| Total liabilities | 18 | 17 | 13 | 5 | 40 | 47 | 74 | 661 |
| Fixed assets | 1 | 0 | 0 | 1 | 3 | 4 | 3 | 10 |
| Investments | — | — | — | — | — | — | — | 22 |
| Total assets | 3 | 4 | 29 | 117 | 98 | 92 | 110 | 1,133 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -9 | -15 | -8 | -17 | -38 | -34 | -33 | -39 |
| Cash from investing | -1 | -0 | -0 | -10 | -7 | 1 | -2 | -260 |
| Cash from financing | 10 | 16 | 31 | 42 | 34 | 19 | 50 | 863 |
| Net cash flow | — | 1 | 24 | 15 | — | — | — | — |
| Capital expenditure | -1 | -0 | -0 | -1 | -3 | -0 | -2 | -2 |
| Free cash flow | -9 | -15 | -8 | -18 | -41 | -34 | -35 | -41 |
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Product Revenue | — | — | 76% | 57% | 54% | 74% | 77% | 52% | +1105.2% |
| Service Revenue | — | — | — | — | — | — | — | 28% | — |
| Development Revenue | — | — | 5% | 3% | 1% | 18% | 5% | 20% | +9597.8% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Employees | 1,000+Ondas now has more than 1,000 employees globally, supporting operations, engineering, manufacturing, integration and customer delivery, positioning us to meet growing demand and keep scaling.Source: earnings call transcript | ~1,700Today, Ondas operates in more than 60 countries through 25 physical locations with approximately 1,700 employees around the world.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Q2 FY2026 · share of revenue
As ONDS cuts its regions in its filings; they can nest, so they need not add to 100%.
90 filings between Nov 26, 2025 and Sep 24, 2026.
Purchases
None
No insider bought shares.
Sales
$44.33M
26 sales by 6 insiders
4% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 1 other.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Brock Eric A | — | $36.55M | Jun 2, 2026 |
| Stern Ron | — | $6.73M | Nov 26, 2025 |
| COHEN RICHARD M | — | $383.6K | Aug 18, 2026 |
| Seidl Randy | — | $302.3K | May 19, 2026 |
| SOOD JASPREET K | — | $281.5K | Dec 22, 2025 |
| LAIRD NEIL J | — | $81.2K | Sep 24, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 24, 2026 | LAIRD NEIL J CFO and Treasurer | Sale | 4,952 | $38.3K |
| Sep 24, 2026 | LAIRD NEIL J CFO and Treasurer | Option exercise | 12,500 | $0 |
| Aug 18, 2026 | COHEN RICHARD M Director | Sale 10b5-1 plan | 7,500 | $67.2K |
| Aug 14, 2026 | SOOD JASPREET K Director | Option exercise | 6,482 | $0 |
| Aug 14, 2026 | COHEN RICHARD M Director | Option exercise | 6,482 | $0 |
| Aug 14, 2026 | Huston Robert Patrick COO, GC & Secretary | Tax withheld | 4,301 | $40.0K |
| Aug 14, 2026 | LAIRD NEIL J CFO and Treasurer | Option exercise | 12,500 | $0 |
| Aug 14, 2026 | COHEN RICHARD M Director | Tax withheld | 3,356 | $31.2K |
| Aug 14, 2026 | COHEN RICHARD M Director | Tax withheld | 1,460 | $13.6K |
| Aug 14, 2026 | SOOD JASPREET K Director | Option exercise | 2,817 | $0 |
| Aug 14, 2026 | Huston Robert Patrick COO, GC & Secretary | Option exercise | 8,334 | $0 |
| Aug 14, 2026 | SOOD JASPREET K Director | Tax withheld | 3,345 | $31.1K |
| Aug 14, 2026 | COHEN RICHARD M Director | Option exercise | 2,817 | $0 |
| Aug 14, 2026 | SOOD JASPREET K Director | Tax withheld | 1,345 | $12.5K |
| Aug 14, 2026 | LAIRD NEIL J CFO and Treasurer | Tax withheld | 4,988 | $46.4K |
| Jul 1, 2026 | Seidl Randy Director | Option exercise | 6,482 | $0 |
| Jul 1, 2026 | Seidl Randy Director | Option exercise | 2,817 | $0 |
| Jun 2, 2026 | Brock Eric A Chairman, CEO and President | Sale | 2,378,245 | $31.94M |
| Jun 1, 2026 | Brock Eric A Chairman, CEO and President | Option exercise | 4,500,000 | $0 |
| May 20, 2026 | Huston Robert Patrick COO, GC & Secretary | Tax withheld | 2,745 | $26.6K |
| May 20, 2026 | Huston Robert Patrick COO, GC & Secretary | Tax withheld | 2,735 | $26.5K |
| May 20, 2026 | COHEN RICHARD M Director | Sale | 7,500 | $71.3K |
| May 20, 2026 | COHEN RICHARD M Director | Tax withheld | 876 | $8.5K |
| May 20, 2026 | COHEN RICHARD M Director | Tax withheld | 882 | $8.6K |
| May 20, 2026 | COHEN RICHARD M Director | Tax withheld | 7,307 | $70.9K |
| May 20, 2026 | SOOD JASPREET K Director | Tax withheld | 1,331 | $12.9K |
| May 20, 2026 | COHEN RICHARD M Director | Tax withheld | 6,087 | $59.0K |
| May 20, 2026 | SOOD JASPREET K Director | Tax withheld | 1,337 | $13.0K |
| May 20, 2026 | SOOD JASPREET K Director | Tax withheld | 10,630 | $103.1K |
| May 20, 2026 | SOOD JASPREET K Director | Tax withheld | 9,256 | $89.8K |
| May 20, 2026 | LAIRD NEIL J CFO and Treasurer | Tax withheld | 6,038 | $58.6K |
| May 19, 2026 | Seidl Randy Director | Sale | 10,000 | $98.3K |
| May 18, 2026 | Huston Robert Patrick COO, GC & Secretary | Option exercise | 8,333 | $0 |
| May 18, 2026 | Huston Robert Patrick COO, GC & Secretary | Option exercise | 8,333 | $0 |
| May 18, 2026 | COHEN RICHARD M Director | Option exercise | 2,817 | $0 |
| May 18, 2026 | COHEN RICHARD M Director | Option exercise | 19,607 | $0 |
| May 18, 2026 | SOOD JASPREET K Director | Option exercise | 2,817 | $0 |
| May 18, 2026 | COHEN RICHARD M Director | Option exercise | 2,816 | $0 |
| May 18, 2026 | COHEN RICHARD M Director | Option exercise | 19,608 | $0 |
| May 18, 2026 | SOOD JASPREET K Director | Option exercise | 2,816 | $0 |
| May 18, 2026 | SOOD JASPREET K Director | Option exercise | 19,608 | $0 |
| May 18, 2026 | SOOD JASPREET K Director | Option exercise | 19,607 | $0 |
| May 18, 2026 | LAIRD NEIL J CFO and Treasurer | Option exercise | 12,500 | $0 |
| Apr 1, 2026 | Seidl Randy Director | Option exercise | 2,817 | $0 |
| Apr 1, 2026 | Seidl Randy Director | Option exercise | 19,607 | $0 |
| Mar 30, 2026 | Seidl Randy Director | Option exercise | 2,816 | $0 |
| Mar 30, 2026 | Seidl Randy Director | Option exercise | 19,608 | $0 |
| Feb 24, 2026 | LAIRD NEIL J CFO and Treasurer | Option exercise | 12,500 | $0 |
| Dec 31, 2025 | Brock Eric A Chairman, CEO and President | Sale | 475,000 | $4.61M |
| Dec 22, 2025 | LAIRD NEIL J CFO, Secretary and Treasurer | Option exercise | 12,500 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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