Ondas Holdings Inc. (ONDS) AI Stock Analysis

Ondas Holdings Inc., headquartered in Waltham, Massachusetts, specializes in private wireless, drone technology, and automated data management solutions. It operates through two primary segments: Ondas Networks and American Robotics. Ondas Networks produces the FullMAX software defined radio platform, delivering secure, wide-area broadband networks for mission-critical industrial applications. The American Robotics segment provides the Scout Drone, which features AI-powered imaging payloads, alongside the ScoutBase automated housing and charging station and ScoutView analytics software. Ondas Holdings serves industries such as rail, energy, mining, agriculture, and critical infrastructure across the United States and internationally.

Revenue expanded from $2.9M in FY2021 to $50.7M in FY2025, reflecting a 5-year CAGR of 87.9%, despite a contraction to $7.2M in FY2024. Gross margin improved from 4.8% in FY2024 to 39.7% in FY2025. Operating losses persisted throughout this period, ending at -$132.0M in FY2025 with an operating margin of -115.1%. In the trailing twelve months ended June 30, 2026, revenue totaled $174.1M, supported by a quarterly revenue growth rate of 1235.4% year-over-year. TTM operating margin was -166.3%, and EPS stood at -$0.06.

As of June 30, 2026, Ondas Holdings held $1.38B in cash and short-term investments against $6.4M in total debt, resulting in a net cash position of $1.38B. The company maintained a current ratio of 9.85 and a debt-to-equity ratio of 0.00. In FY2025, operating cash flow was -$38.7M, and free cash flow was -$40.9M. Cash deployment during FY2025 included $2.1M in capital expenditures and $1.6M in dividends paid, while the 5-year share count increased by 1643.1%.

At $6.04 per share, Ondas Holdings had a market capitalization of $3.52B and an enterprise value of $2.93B. The stock traded at a forward P/E of 45.0x and a price-to-sales ratio of 20.2x, both higher than the US-listed Technology peer group medians of 18.8x and 2.8x, respectively. Its EV/EBITDA multiple of 17.4x was slightly above the peer median of 16.6x. Over the past year, the stock fell 26.3%, trailing the S&P 500 (SPY) return of 16.8%.

Wall Street coverage includes 7 Strong Buy and 3 Buy ratings, with zero Hold or Sell recommendations. The mean price target of $18.88 implies an upside of 212.5% over the last close of $6.04. Consensus estimates project FY2026 revenue of $536.7M with an EPS of -$0.21. For FY2027, the single analyst covering that period forecasts revenue reaching $1.01B and an EPS of -$0.02. Ondas has beaten EPS estimates in 1 of the last 4 quarters, and its next earnings date is November 12, 2026.

This page is an AI-written research summary of Ondas Holdings Inc. (ONDS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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