Ondas Holdings Inc. (ONDS) Stock

Ondas Holdings Inc. (ONDS) is a Technology stock trading at $8.33 (as of 2026-08-20), with a market capitalization of $4.75B and a trailing P/E of 7.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Ondas Holdings Inc. develops and supports private wireless and drone-related automated data solutions through its Ondas Networks and American Robotics segments. Its FullMAX software-defined radio platform and related hardware and software offerings are supported alongside Scout Drone and ScoutBase systems, with ScoutView for analytics and user interfaces, serving customers across industries such as rail, energy, mining, agriculture, and critical infrastructure.

Understand Ondas Holdings Inc.: how it makes money

Ondas Holdings sells private wireless, drone, and automated data solutions, including its FullMAX software defined radio (SDR) platform for wide-area broadband networks and its Scout Drone and ScoutBase offerings, with revenue driven by designing, developing, manufacturing, selling, and supporting these systems.

Despite a reported gross margin of 49.2%, Ondas reported an operating margin of -85.1%, indicating that operating costs overwhelm gross profit, so near-term results depend heavily on scaling sales to cover operating expenses.

Revenue by segment (latest quarter)
Autonomous$0.0B
Networks$0.1B

Business quality (Mixed): Profitability is constrained by very large operating losses relative to gross profit, even while gross margins remain positive.

Valuation: At 87× earnings, ONDS trades 70% above the Semiconductors average (51×). Note: one-time items can distort reported P/E.

Bull case

  • Active Sales Pipeline of 4.3 USD_B: The company reports a sizable pipeline, which can support future revenue if it converts to orders.
  • Centrix Orders Captured of 0.04 USD_B: The company also reports order capture activity (Centrix, Iron One, and Optimus), which can be a leading indicator of commercial traction.

Bear case

  • Revenue decrease percentage of 54.0%: Top line contraction reduces the base needed to absorb operating costs.
  • Gross Profit Decrease Percentage of 95.0%: Gross profit has declined far more than revenue, which can further worsen operating leverage.
  • Operating margin of -85.1%: Large operating losses, despite a 49.2% gross margin, suggest fixed or high operating expense pressure that may be hard to offset without meaningful revenue growth.
Valuation — source: SEC EDGAR (first-party)
Price$8.33
Market Cap$4.75B
P/E Ratio7.5
Price / Book3.02
Price / Sales24.48
FCF Yield-5.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$50.73M
Net Margin-260.7%
Revenue Growth (YoY)605.3%
EPS Growth (YoY)1.6%
FCF Growth (YoY)16.2%
Financial Health — source: SEC EDGAR
Altman Z-Score3.37 (safe)
Valuation vs Sector & Industry
Stock P/E7.5
Sector P/E (Technology)33.9
Industry P/E (Electronic Equipment)39.4
vs Sector-77.8%
vs Industry-80.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($183.17M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryElectronic Equipment
CEOEric Ashley Brock
Employees113
CountryUS
IPO Date2020-12-04

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ONDS earnings history · ONDS institutional & insider holders · ONDS KPIs & operating metrics · ONDS financials · ONDS investor presentations & press releases · ONDS SEC filings · ONDS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.