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| Date | Value |
|---|---|
| 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 |