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
DateValue
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