Stocks · Technology · Communication Equipment
Ondas Holdings Inc. ONDS
$7.24 +1.69% Close, Oct 2, 2026 · NASDAQ · Market cap $4.13B
Strong growth
Next earnings report: Nov 12, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $174.1M, up 979.3% from a year earlier, accelerating from 793.2% a quarter earlier.
- Operating margin widened to -140.4% from -227.7% a year earlier.
- The diluted share count rose 234.3% in a year.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth100Exceptional
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 1%
- Revenue growth, 3-year CAGRTop 1%
- Revenue growth accelerationTop 1%
Quality10Very weak
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 22%
- Gross marginBottom 41%
- Operating marginBottom 8%
- Cash conversion (OCF / net income)Bottom 2%
- Accruals (lower is better)Bottom 4%
- Net debt / EBITDA (lower is better)Top 5%
- Interest coverBottom 8%
Value22Very weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 47%
- Free-cash-flow yieldBottom 15%
- EBITDA / enterprise valueBottom 40%
- Sales / enterprise valueBottom 11%
Momentum22Very weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 50%
- 6-month returnBottom 9%
- 1-year return vs S&P 500Bottom 46%
- Distance from 52-week highBottom 19%
- Trend checklist (0–4)Bottom 10%
Revisions96Exceptional
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 4%
- Consecutive EPS beatsBottom 12%
- Share of analysts rating BuyTop 5%
- Upside to consensus price targetTop 7%
Stability38Weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 28%
- Maximum drawdown, 3 yearsBottom 22%
- Beta vs S&P 500 (lower is better)Bottom 22%
- Net debt / EBITDA (lower is better)Top 5%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 793.2% | 979.3% | ↑ |
| Gross margin | 35.7% | 43.7% | ↑ |
| Operating margin | -227.7% | -140.4% | ↑ |
| FCF margin | -198.1% | -98.0% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 979.3% | 793.2% | ↑ | Top 1% |
| Gross margin | 43.7% | 35.7% | ↑ | Bottom 41% |
| Operating margin | -140.4% | -227.7% | ↑ | Bottom 8% |
| Net margin | 96.2% | -277.4% | ↑ | — |
| Free-cash-flow margin | -98.0% | -198.1% | ↑ | — |
| Return on invested capital | -8.6% | — | Bottom 22% | |
| Revenue growth, 3-year CAGR | 187.9% | — | Top 1% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- -0.96×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 11.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 58.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -192.9 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -11.15×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -96.8×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -42.79%
- Shareholder yield
- -42.79%
- Share count change, 1 year
- +234.3%
- Share count change, 3-year CAGR
- +114.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 13, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 2 of 8
- Average EPS surprise, last 4
- +100.0%
- Average 2-day reaction, last 8
- +7.8%
- Positive 20 days after report
- 7 of 8
Analysts
- Consensus price target
- $18.50
- Target vs current price
- +155.5%
- Analysts with a rating
- 8
- Share rating Buy or Strong Buy
- 100%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 13, 2026 | -111.1% | -8.8% | -8.9% | -25.8% | — |
| May 14, 2026 | +1597.7% | +26.5% | +5.6% | +10.9% | +5.1% |
| Mar 23, 2026 | -550.0% | +8.3% | -12.5% | +6.7% | -8.4% |
| Nov 13, 2025 | -54.6% | +19.1% | +36.1% | +63.7% | +75.7% |
| Aug 12, 2025 | +27.3% | +25.1% | +16.9% | +58.9% | +73.8% |
| May 15, 2025 | -36.4% | -2.2% | -1.2% | +95.2% | +291.6% |
| Mar 12, 2025 | -55.6% | -3.7% | +2.9% | +3.7% | +118.4% |
| Nov 12, 2024 | -7.1% | -2.0% | -15.8% | +8.2% | +162.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 13, 2026 | -$0.19 | -$0.09 | -111.1% | $83.8M |
| May 14, 2026 | $0.81 | -$0.05 | +1597.7% | $50.1M |
| Mar 23, 2026 | -$0.39 | -$0.06 | -550.0% | $30.1M |
| Nov 13, 2025 | -$0.06 | -$0.04 | -54.6% | $10.1M |
| Aug 12, 2025 | -$0.08 | -$0.11 | +27.3% | $6.3M |
| May 15, 2025 | -$0.15 | -$0.11 | -36.4% | $4.2M |
| Mar 12, 2025 | -$0.14 | -$0.09 | -55.6% | $4.1M |
| Nov 12, 2024 | -$0.15 | -$0.14 | -7.1% | $1.5M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 109.4× | — | — | Bottom 47% |
| P/E (forward) | 23.4× | — | — | — |
| EV / EBITDA | 59.5× | — | — | Bottom 40% |
| EV / Sales | 19.95× | — | — | Bottom 11% |
| Free-cash-flow yield | -4.14% | — | — | Bottom 15% |
| Earnings yield | 0.91% | — | — | Bottom 47% |
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -0.4%
- 200-day average slope (20 days)
- -0.8%
- Distance from 50-day average
- -9.5%
- Distance from 200-day average
- -23.3%
- RSI (14)
- 42.5
- Relative volume
- 0.69×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 77.6%
- Volatility vs own 5-year history
- 15th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 2.10
- Correlation with S&P 500
- 0.23
- Current drawdown from 1-year high
- -48.3%
- Maximum drawdown, 3 years
- -75.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Feb 16, 2021 | Oct 25, 2023 | -97.8% | 678 days | Not yet recovered |
| Nov 16, 2020 | Dec 11, 2020 | -57.2% | 10 days | 24 days (Jan 19, 2021) |
| Jun 23, 2020 | Jul 1, 2020 | -25.4% | 4 days | 2 days (Aug 18, 2020) |
| Jan 19, 2021 | Jan 22, 2021 | -14.4% | 3 days | 16 days (Feb 16, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $4.13B
- P/E (TTM)
- 109.4
- EPS, diluted (TTM)
- $0.07
- Revenue (TTM)
- $174.1M
- 52-week range
- $4.95 – $15.28
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $2.9M | $2.1M | $15.7M | $7.2M | $50.7M |
| Gross profit | $1.1M | $1.1M | $6.4M | $345,000 | $20.2M |
| Operating income | -$18.0M | -$69.4M | -$39.7M | -$34.6M | -$58.4M |
| Net income | -$15.0M | -$73.2M | -$44.8M | -$38.0M | -$132.0M |
| EPS (diluted) | -$0.44 | -$1.73 | -$0.88 | -$0.61 | -$0.62 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5M | $4.1M | $4.2M | $6.3M | $10.1M | $30.1M | $50.1M | $83.8M |
| Net income | -$9.5M | -$10.3M | -$14.1M | -$10.8M | -$7.5M | -$99.7M | $362.9M | -$88.2M |
| EPS (diluted) | -$0.15 | -$0.14 | -$0.15 | -$0.08 | -$0.03 | -$0.27 | $0.56 | -$0.19 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$16.9M | -$38.0M | -$34.0M | -$33.5M | -$38.7M |
| Capital expenditure | -$1.0M | -$2.9M | -$281,116 | -$1.7M | -$2.1M |
| Free cash flow | -$17.9M | -$40.9M | -$34.3M | -$35.2M | -$40.9M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $47.5M | $6.1M | $40,338 | $7.3M | $861.5M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.38B
- Total assets
- $2.99B
- Total liabilities
- $1.42B
- Total debt
- $6.4M
- Net debt
- -$651.5M
- Shareholders’ equity
- $1.57B
As of Jun 30, 2026 (filed Aug 13, 2026).
Short interest
- Shares sold short
- 237,104,698
- Days to cover
- 3.86
- Change vs previous report
- +4.7%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Nov 16, 2020
- 1-for-3