Ondas (ONDS) Free Cash Flow (2016 - 2026)

Ondas' (ONDS) quarterly Free Cash Flow came in at -$52.6 million in Q1 2026, down 670.57% year-on-year from $9.2 million in Q1 2025, and down 256.89% quarter-over-quarter from -$14.7 million in Q4 2025.

Ondas (ONDS) Free Cash Flow (2016 - 2026) Analysis & Trends

Ondas has disclosed Free Cash Flow across 11 years of filings, most recently posting -$52.6 million for Q1 2026.

  • Free Cash Flow for Q1 2026 came in at -$52.6 million, down 670.57% year-over-year; the trailing twelve-month figure through Mar 2026 was -$86.6 million (down 172.98% YoY), and the FY2025 annual result was -$40.8 million, down 21.62% from the prior year.
  • Free Cash Flow came in at -$52.6 million for Q1 2026 at Ondas, down from -$14.7 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of -$6.0 million in Q4 2023 to a low of -$52.6 million in Q1 2026.
  • The 5-year median for Free Cash Flow is -$9.0 million (2023), against an average of -$11.9 million.
  • Across the five-year window, Free Cash Flow soared 46.88% in 2023 and plunged 670.57% in 2026, its largest moves.
  • Ondas' Free Cash Flow stood at -$11.1 million in 2022, then soared by 45.8% to -$6.0 million in 2023, then plunged by 35.01% to -$8.1 million in 2024, then plunged by 81.24% to -$14.7 million in 2025, then plunged by 256.89% to -$52.6 million in 2026.
  • The last three Free Cash Flow figures came in at -$52.6 million (Q1 2026), -$14.7 million (Q4 2025), and -$10.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Cisco Systems 480.96 Bn 464.32 Bn 10.08 Bn 3.34 Bn
2 Ciena 69.17 Bn 67.87 Bn 625.52 Mn 153.76 Mn
3 Motorola Solutions 68.03 Bn 67.17 Bn 1.36 Bn 389.00 Mn
4 Hewlett Packard Enterprise 65.63 Bn 60.79 Bn 8.25 Bn 609.00 Mn
5 Lumentum Holdings 61.32 Bn 58.15 Bn 357.00 Mn 79.10 Mn
6 Ubiquiti 34.34 Bn 33.97 Bn 370.71 Mn 155.35 Mn
7 AST SpaceMobile 27.21 Bn 27.79 Bn -69.36 Mn -309.66 Mn
8 Applied Optoelectronics 13.45 Bn 13.01 Bn 43.92 Mn -143.58 Mn
9 Zebra Technologies 11.38 Bn 11.26 Bn 742.00 Mn 163.00 Mn
10 Ondas 4.64 Mn -1.90 Bn 24.66 Mn -52.63 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -52.63 Mn
Mar 31, 2026 -52.63 Mn
Dec 31, 2025 -14.75 Mn
Dec 31, 2025 -14.75 Mn
Sep 30, 2025 -10.70 Mn
Sep 30, 2025 -10.70 Mn
Jun 30, 2025 -8.50 Mn
Jun 30, 2025 -8.50 Mn
Mar 31, 2025 -6.83 Mn
Mar 31, 2025 -6.83 Mn
Dec 31, 2024 -8.14 Mn
Dec 31, 2024 -8.14 Mn
Sep 30, 2024 -6.84 Mn
Sep 30, 2024 -6.84 Mn
Jun 30, 2024 -9.91 Mn
Jun 30, 2024 -9.91 Mn
Mar 31, 2024 -8.64 Mn
Mar 31, 2024 -8.64 Mn
Dec 31, 2023 -6.03 Mn
Dec 31, 2023 -6.03 Mn