Ondas (ONDS) Cost of Revenue (2016 - 2026)

Ondas' (ONDS) quarterly Cost of Revenue came in at $10.5 million in Q1 2026, up 331.85% year-on-year from $2.4 million in Q1 2025, and down 39.62% quarter-over-quarter from $17.4 million in Q4 2025.

Ondas (ONDS) Cost of Revenue (2016 - 2026) Analysis & Trends

Ondas has disclosed Cost of Revenue across 11 years of filings, most recently posting $10.5 million for Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $10.5 million, up 331.85% year-over-year; the trailing twelve-month figure through Mar 2026 was $33.8 million (up 424.69% YoY), and the FY2025 annual result was $30.6 million, up 472.99% from the prior year.
  • Cost of Revenue came in at $10.5 million for Q1 2026 at Ondas, down from $17.4 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $17.4 million in Q4 2025 to a low of $233001.0 in Q3 2022.
  • The 5-year median for Cost of Revenue is $1.6 million (2023), against an average of $3.0 million.
  • Across the five-year window, Cost of Revenue tumbled 50.81% in 2022 and soared 1241.89% in 2025, its largest moves.
  • Ondas' Cost of Revenue stood at $1.2 million in 2022, then jumped by 36.66% to $1.7 million in 2023, then decreased by 23.95% to $1.3 million in 2024, then jumped by 1241.89% to $17.4 million in 2025, then slumped by 39.62% to $10.5 million in 2026.
  • The last three Cost of Revenue figures came in at $10.5 million (Q1 2026), $17.4 million (Q4 2025), and $3.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Cisco Systems 480.96 Bn 464.32 Bn 10.08 Bn 5.76 Bn
2 Ciena 69.17 Bn 67.87 Bn 625.52 Mn 148.87 Mn
3 Motorola Solutions 68.03 Bn 67.17 Bn 1.36 Bn 1.35 Bn
4 Hewlett Packard Enterprise 65.63 Bn 60.79 Bn 8.25 Bn 1.05 Bn
5 Lumentum Holdings 61.32 Bn 58.15 Bn 357.00 Mn 432.10 Mn
6 Ubiquiti 34.34 Bn 33.97 Bn 370.71 Mn 417.49 Mn
7 AST SpaceMobile 27.21 Bn 27.79 Bn -69.36 Mn 84.10 Mn
8 Applied Optoelectronics 13.45 Bn 13.01 Bn 43.92 Mn 6.35 Mn
9 Zebra Technologies 11.38 Bn 11.26 Bn 742.00 Mn 189.00 Mn
10 Ondas 4.64 Mn -1.90 Bn 24.66 Mn 10.49 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 10.49 Mn
Mar 31, 2026 10.49 Mn
Dec 31, 2025 17.38 Mn
Dec 31, 2025 17.38 Mn
Sep 30, 2025 3.00 Mn
Sep 30, 2025 3.00 Mn
Jun 30, 2025 2.94 Mn
Jun 30, 2025 2.94 Mn
Mar 31, 2025 2.43 Mn
Mar 31, 2025 2.43 Mn
Dec 31, 2024 1.30 Mn
Dec 31, 2024 1.30 Mn
Sep 30, 2024 1.41 Mn
Sep 30, 2024 1.41 Mn
Jun 30, 2024 1.31 Mn
Jun 30, 2024 1.31 Mn
Mar 31, 2024 1.32 Mn
Mar 31, 2024 1.32 Mn
Dec 31, 2023 1.70 Mn
Dec 31, 2023 1.70 Mn