Ondas (ONDS) Cost of Revenue (2016 - 2026)
Ondas (ONDS) reported Cost of Revenue of $25.5 million for Q1 2026, up 822.61% on a YoY basis from $2.8 million in Q1 2025, and up 46.51% sequentially from $17.4 million in Q4 2025.
Ondas (ONDS) Cost of Revenue (2016 - 2026) Analysis & Trends
Ondas (ONDS) has 11 years of Cost of Revenue data on file, last reported at $25.5 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 822.61% year-over-year to $25.5 million; the trailing twelve-month figure through Mar 2026 stood at $53.3 million (up 520.39% YoY), and the FY2025 full-year result was $30.6 million, up 346.48% from the prior year.
- Cost of Revenue advanced to $25.5 million in Q1 2026, from $17.4 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $25.5 million in Q1 2026 to a low of $210083.0 in Q4 2022.
- A 5-year average of $4.3 million and a median of $2.1 million in 2023 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue jumped 1439.23% in 2023 and tumbled 52.08% in 2024, its largest moves.
- Tracing ONDS's Cost of Revenue over 5 years: stood at $210083.0 in 2022, then jumped by 1439.23% to $3.2 million in 2023, then rose by 0.38% to $3.2 million in 2024, then surged by 435.43% to $17.4 million in 2025, then surged by 46.51% to $25.5 million in 2026.
- Business Quant data shows ONDS's Cost of Revenue at $25.5 million in Q1 2026, $17.4 million in Q4 2025, and $7.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 453.08 Bn | 436.44 Bn | 10.08 Bn | 5.76 Bn |
| 2 | Motorola Solutions | 70.40 Bn | 69.51 Bn | 1.36 Bn | 1.35 Bn |
| 3 | Hewlett Packard Enterprise | 64.04 Bn | 59.20 Bn | 9.10 Bn | 204.00 Mn |
| 4 | Ciena | 53.20 Bn | 51.90 Bn | 625.52 Mn | 801.52 Mn |
| 5 | Lumentum Holdings | 51.31 Bn | 48.14 Bn | 357.00 Mn | 432.10 Mn |
| 6 | Nokia | 49.83 Bn | 42.52 Bn | 9.86 Bn | -9.85 Bn |
| 7 | Ubiquiti | 32.53 Bn | 32.16 Bn | 370.71 Mn | 417.49 Mn |
| 8 | Ericsson Lm Telephone | 32.22 Bn | 26.54 Bn | 2.53 Bn | 3.00 Bn |
| 9 | AST SpaceMobile | 16.80 Bn | 16.80 Bn | 3.67 Mn | 11.06 Mn |
| 10 | Ondas | 3.55 Mn | -1.46 Bn | 24.66 Mn | 25.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 25.46 Mn |
| Mar 31, 2026 | 25.46 Mn |
| Dec 31, 2025 | 17.38 Mn |
| Dec 31, 2025 | 17.38 Mn |
| Sep 30, 2025 | 7.49 Mn |
| Sep 30, 2025 | 7.49 Mn |
| Jun 30, 2025 | 2.94 Mn |
| Jun 30, 2025 | 2.94 Mn |
| Mar 31, 2025 | 2.76 Mn |
| Mar 31, 2025 | 2.76 Mn |
| Dec 31, 2024 | 3.25 Mn |
| Dec 31, 2024 | 3.25 Mn |
| Sep 30, 2024 | 1.43 Mn |
| Sep 30, 2024 | 1.43 Mn |
| Jun 30, 2024 | 1.15 Mn |
| Jun 30, 2024 | 1.15 Mn |
| Mar 31, 2024 | 1.02 Mn |
| Mar 31, 2024 | 1.02 Mn |
| Dec 31, 2023 | 3.23 Mn |
| Dec 31, 2023 | 3.23 Mn |