Ondas (ONDS) Operating Expenses (2016 - 2026)
Ondas (ONDS) posted Operating Expenses of $67.3 million for Q1 2026, up 86.76% sequentially from $36.1 million in Q4 2025, and up 470.68% YoY from $11.8 million in Q1 2025.
Ondas (ONDS) Operating Expenses (2016 - 2026) Analysis & Trends
Ondas has reported Operating Expenses for 11 years, with the latest figure at $67.3 million in Q1 2026.
- Quarterly Operating Expenses rose 470.68% year-over-year to $67.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $134.1 million (up 252.63% YoY) and the FY2025 annual result came in at $78.5 million, up 124.7% from the prior year.
- Operating Expenses rose to $67.3 million in Q1 2026 per ONDS's latest filing, from $36.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $67.3 million in Q1 2026 and troughed at $6.5 million in Q3 2023.
- A 5-year average of $17.5 million and a median of $11.8 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2026: Operating Expenses tumbled 58.68% in 2023, then surged 470.68% in 2026.
- Over 5 years, Operating Expenses stood at $34.8 million in 2022, then sank by 58.68% to $14.4 million in 2023, then tumbled by 34.6% to $9.4 million in 2024, then surged by 283.5% to $36.1 million in 2025, then surged by 86.76% to $67.3 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $67.3 million, $36.1 million, and $18.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 6.12 Bn |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 9.93 Bn |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 756.00 Mn |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 182.50 Mn |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | -1.02 Bn |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 453.68 Mn |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 79.89 Mn |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | -1.95 Bn |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | 329.10 Mn |
| 10 | Ondas | 5.27 Bn | 3.89 Bn | 36.13 Mn | 199.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 199.08 Mn |
| Mar 31, 2026 | 67.33 Mn |
| Dec 31, 2025 | 36.05 Mn |
| Sep 30, 2025 | 18.11 Mn |
| Jun 30, 2025 | 12.58 Mn |
| Mar 31, 2025 | 11.80 Mn |
| Dec 31, 2024 | 9.40 Mn |
| Sep 30, 2024 | 8.71 Mn |
| Jun 30, 2024 | 8.11 Mn |
| Mar 31, 2024 | 8.73 Mn |
| Dec 31, 2023 | 14.37 Mn |
| Sep 30, 2023 | 6.49 Mn |
| Jun 30, 2023 | 11.57 Mn |
| Mar 31, 2023 | 13.68 Mn |
| Dec 31, 2022 | 34.79 Mn |
| Sep 30, 2022 | 13.95 Mn |
| Jun 30, 2022 | 11.69 Mn |
| Mar 31, 2022 | 10.11 Mn |
| Dec 31, 2021 | 7.21 Mn |
| Sep 30, 2021 | 4.93 Mn |