Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $274K | $190K | $320K | $2.16M | $2.91M | $2.13M | $15.7M | $7.19M | $50.7M |
| Revenue growth | — | — | -30.7% | 68.6% | 575.4% | 34.3% | -26.9% | 638.1% | -54.2% | 605.3% |
| Gross profit | -$6.91K | $195K | $151K | $241K | $928K | $1.10M | $1.11M | $6.38M | $345K | $20.2M |
| Gross margin | — | 70.9% | 79.3% | 75.3% | 42.9% | 37.7% | 52.2% | 40.7% | 4.8% | 39.7% |
| Operating income | -$34.6K | -$2.39M | -$8.44M | -$15.4M | -$11.5M | -$18.0M | -$69.4M | -$39.7M | -$34.6M | -$58.4M |
| Operating margin | — | -872.6% | -4439.1% | -4798.0% | -532.6% | -618.3% | -3266.0% | -253.2% | -481.1% | -115.1% |
| Net income | -$34.6K | -$3.02M | -$12.1M | -$19.4M | -$13.5M | -$15.0M | -$73.2M | -$44.8M | -$38.0M | -$132M |
| Net margin | — | -1101.4% | -6365.8% | -6052.2% | -622.9% | -516.9% | -3445.3% | -285.8% | -528.4% | -260.7% |
| EPS (diluted) | -$0.01 | -$0.19 | -$0.42 | -$1.10 | -$0.66 | -$0.44 | -$1.73 | -$0.88 | -$0.61 | -$0.62 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$29.0K | -$2.63M | -$8.52M | -$14.7M | -$7.53M | -$16.9M | -$38.0M | -$34.0M | -$33.5M | -$38.7M |
| Capital expenditures | — | — | $544K | $77.9K | $8.60K | $924K | $2.88M | $211K | $1.64M | $2.03M |
| Free cash flow | — | — | -$9.06M | -$14.7M | -$7.54M | -$17.8M | -$40.8M | -$34.2M | -$35.1M | -$40.8M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $45.2K | $456K | $1.13M | $2.15M | $26.1M | $40.8M | $29.8M | $15.0M | $30.0M | $551M |
| Total assets | $5.66K | $718K | $2.66M | $4.26M | $28.5M | $117M | $97.9M | $92.2M | $110M | $1.13B |
| Total liabilities | $60.5K | $8.64M | $17.5M | $16.7M | $13.4M | $5.21M | $39.7M | $47.1M | $73.7M | $661M |
| Long-term debt | — | — | — | $500K | $666K | $300K | — | — | $300K | — |
| Shareholders' equity | -$4.91M | -$7.92M | -$14.9M | -$12.4M | $15.1M | $112M | $58.2M | $33.1M | $16.6M | $438M |
| Retained earnings | -$55.1K | -$20.3M | -$32.4M | -$51.8M | -$65.2M | -$80.3M | -$154M | -$198M | -$236M | -$368M |
| Shares (wtd avg diluted) | 3.00M | 16.8M | 50.5M | 19.8M | 26.5M | 34.2M | 42.2M | 52.7M | 69.9B | 222K |
Every figure is extracted from Ondas Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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