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| Date | Value |
|---|---|
| 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 |