Ondas (ONDS) Operating Expenses (2016 - 2026)
Ondas' (ONDS) quarterly Operating Expenses came in at $199.1 million in Q2 2026, up 1482.24% year-over-year from $12.6 million in Q2 2025, and up 195.68% quarter-over-quarter from $67.3 million in Q1 2026.
Analysis
Ondas (ONDS) Operating Expenses (2016 - 2026) Analysis & Trends
Ondas has disclosed Operating Expenses across 11 years of filings, most recently posting $199.1 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 1482.24% year-over-year to $199.1 million; the TTM figure through Jun 2026 stood at $320.6 million (up 654.47% YoY), while the FY2025 annual figure was $78.5 million, up 124.7% from the prior year.
- Operating Expenses came in at $199.1 million for Q2 2026 at Ondas, up from $67.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $199.1 million in Q2 2026 to a low of $6.5 million in Q3 2023.
- Average Operating Expenses over 5 years is $27.6 million, with a median of $12.2 million recorded in 2025.
- Year-over-year, Operating Expenses slumped 58.68% in 2023 and soared 1482.24% in 2026.
- Over 5 years, Operating Expenses stood at $34.8 million in 2022, then tumbled by 58.68% to $14.4 million in 2023, then sank by 34.6% to $9.4 million in 2024, then soared by 283.5% to $36.1 million in 2025, then jumped by 452.2% to $199.1 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $199.1 million in Q2 2026, $67.3 million in Q1 2026, and $36.1 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Lockheed Martin | 121.20 Bn | 117.41 Bn | 2.45 Bn | - |
| 2 | General Dynamics | 97.24 Bn | 92.90 Bn | 6.76 Bn | 12.63 Bn |
| 3 | Motorola Solutions | 77.45 Bn | 76.75 Bn | 1.68 Bn | 756.00 Mn |
| 4 | Northrop Grumman | 73.15 Bn | 70.84 Bn | 3.72 Bn | 9.78 Bn |
| 5 | L3Harris Technologies | 47.76 Bn | 47.20 Bn | 1.50 Bn | 848.00 Mn |
| 6 | Elbit Systems | 32.66 Bn | 31.70 Bn | 579.01 Mn | 360.21 Mn |
| 7 | Teledyne Technologies | 28.32 Bn | 27.98 Bn | 738.10 Mn | 1.33 Bn |
| 8 | Curtiss Wright | 20.93 Bn | 20.46 Bn | 364.09 Mn | 139.39 Mn |
| 9 | Leidos Holdings | 16.70 Bn | 16.01 Bn | 817.00 Mn | 310.00 Mn |
| 10 | Ondas | 4.04 Bn | 2.66 Bn | 36.13 Mn | 199.08 Mn |
Historic Data
Download Data
Historic 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 |