Ondas (ONDS) Operating Expenses (2016 - 2026)

Ondas (ONDS) reported Operating Expenses of $67.3 million for Q1 2026, up 470.68% on a YoY basis from $11.8 million in Q1 2025, and up 86.76% sequentially from $36.1 million in Q4 2025.

Ondas (ONDS) Operating Expenses (2016 - 2026) Analysis & Trends

Ondas (ONDS) has 11 years of Operating Expenses data on file, last reported at $67.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 470.68% year-over-year to $67.3 million; the trailing twelve-month figure through Mar 2026 stood at $134.1 million (up 252.63% YoY), and the FY2025 full-year result was $78.5 million, up 124.7% from the prior year.
  • Operating Expenses rose to $67.3 million in Q1 2026, from $36.1 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $67.3 million in Q1 2026 to a low of $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.
  • Across the five-year window, Operating Expenses sank 58.68% in 2023 and soared 470.68% in 2026, its largest moves.
  • Tracing ONDS's Operating Expenses over 5 years: stood at $34.8 million in 2022, then slumped by 58.68% to $14.4 million in 2023, then plunged 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.
  • Business Quant data shows ONDS's Operating Expenses at $67.3 million in Q1 2026, $36.1 million in Q4 2025, and $18.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Cisco Systems 446.66 Bn 430.02 Bn 10.08 Bn 6.12 Bn
2 Motorola Solutions 70.01 Bn 69.12 Bn 1.36 Bn 691.00 Mn
3 Hewlett Packard Enterprise 62.28 Bn 57.44 Bn 9.10 Bn 8.83 Bn
4 Ciena 51.75 Bn 50.45 Bn 625.52 Mn 436.11 Mn
5 Lumentum Holdings 50.16 Bn 46.99 Bn 357.00 Mn 182.50 Mn
6 Nokia 48.47 Bn 41.16 Bn 9.86 Bn -992.30 Mn
7 Ubiquiti 31.83 Bn 31.46 Bn 370.71 Mn 79.89 Mn
8 Ericsson Lm Telephone 31.68 Bn 26.00 Bn 2.53 Bn -1.91 Bn
9 AST SpaceMobile 16.48 Bn 16.48 Bn 3.67 Mn 164.15 Mn
10 Ondas 3.45 Mn -1.46 Bn 24.66 Mn 67.33 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 3.45 Mn