Ondas (ONDS) Operating Income (2016 - 2026)

Ondas' (ONDS) quarterly Operating Income came in at -$42.7 million in Q1 2026, down 313.88% year-on-year from $20.0 million in Q1 2025, and down 696.29% quarter-over-quarter from $7.2 million in Q4 2025.

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

Ondas has disclosed Operating Income across 11 years of filings, most recently posting -$42.7 million for Q1 2026.

  • Operating Income for Q1 2026 came in at -$42.7 million, down 313.88% year-over-year; the trailing twelve-month figure through Mar 2026 was -$60.3 million (down 68.38% YoY), and the FY2025 annual result was -$27.9 million, up 19.36% from the prior year.
  • Operating Income came in at -$42.7 million for Q1 2026 at Ondas, down from $7.2 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $7.2 million in Q4 2025 to a low of -$42.7 million in Q1 2026.
  • The 5-year median for Operating Income is -$10.0 million (2022), against an average of -$12.6 million.
  • Across the five-year window, Operating Income plunged 390.25% in 2022 and jumped 184.02% in 2025, its largest moves.
  • Ondas' Operating Income stood at -$34.5 million in 2022, then soared by 63.36% to -$12.6 million in 2023, then soared by 32.65% to -$8.5 million in 2024, then surged by 184.02% to $7.2 million in 2025, then plunged by 696.29% to -$42.7 million in 2026.
  • The last three Operating Income figures came in at -$42.7 million (Q1 2026), $7.2 million (Q4 2025), and -$15.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Cisco Systems 480.96 Bn 464.32 Bn 10.08 Bn 3.96 Bn
2 Ciena 69.17 Bn 67.87 Bn 625.52 Mn 189.41 Mn
3 Motorola Solutions 68.03 Bn 67.17 Bn 1.36 Bn 525.00 Mn
4 Hewlett Packard Enterprise 65.63 Bn 60.79 Bn 8.25 Bn 470.00 Mn
5 Lumentum Holdings 61.32 Bn 58.15 Bn 357.00 Mn 174.50 Mn
6 Ubiquiti 34.34 Bn 33.97 Bn 370.71 Mn 290.82 Mn
7 AST SpaceMobile 27.21 Bn 27.79 Bn -69.36 Mn -233.51 Mn
8 Applied Optoelectronics 13.45 Bn 13.01 Bn 43.92 Mn -12.99 Mn
9 Zebra Technologies 11.38 Bn 11.26 Bn 742.00 Mn 215.00 Mn
10 Ondas 4.64 Mn -1.90 Bn 24.66 Mn -42.67 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -42.67 Mn
Dec 31, 2025 7.16 Mn
Sep 30, 2025 -15.50 Mn
Jun 30, 2025 -9.25 Mn
Mar 31, 2025 -10.31 Mn
Dec 31, 2024 -8.52 Mn
Sep 30, 2024 -8.66 Mn
Jun 30, 2024 -8.30 Mn
Mar 31, 2024 -9.13 Mn
Dec 31, 2023 -12.65 Mn
Sep 30, 2023 -5.93 Mn
Jun 30, 2023 -8.50 Mn
Mar 31, 2023 -12.65 Mn
Dec 31, 2022 -34.52 Mn
Sep 30, 2022 -13.55 Mn
Jun 30, 2022 -11.37 Mn
Mar 31, 2022 -9.99 Mn
Dec 31, 2021 -7.04 Mn
Sep 30, 2021 -4.91 Mn
Jun 30, 2021 -3.14 Mn