Ondas Inc.
ONDS · Radio & Tv Broadcasting & Communications Equipment · 495.8M shares · +27%/yr ↑ shares · EDGAR filings ↗
Reference price $13.43 · est. market cap ~$6.7B — last insider sale, 2026-06-02 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D42Drone/rail-tech micro-cap with explosive percentage growth off a tiny base, deep losses, and heavy burn.
Strengths
- Explosive growth off a small base — +605.3% (100th)
- Liquidity cushion — current ratio 4.84 (85th)
Risks
- Deep losses — operating margin -115.1%, net margin -260.7% (9th)
- Heavy cash burn — FCF -$40.8M (9th)
- Pre-scale, capital-dependent — per 10-K
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Auditor changeRecent 8-K item 4.01 8-K ↗
- Net lossNet loss (net margin -260.7%)
- Cash burnNegative free cash flow (-40.8M)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $586M cash & investments, ~58 quarters of runway
- Notable holderHeld by 5 notable fund(s): CITADEL ADVISORS LLC, GOLDMAN SACHS GROUP INC, STATE STREET CORP +2 more (as of 2026-03-31)
- Insider sellingInsider selling — 4 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$37M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
39.7%
Operating margin
-115.1%
Net margin
-260.7%
Return on equity
-30.2%
Return on assets
-11.7%
Revenue growth (QoQ)
66.5%
Current ratio
4.8×
Free cash flow
-$41M
EBITDA
-$57M
Tangible book value
$49M
Cash & investments
$586M
Cash runway
58q
Stock comp / revenue
31.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-02 | Brock Eric A | Sell | 2.4M | $13.43 |
| 2026-06-01 | Brock Eric A | Option exercise | 4.5M | — |
| 2026-05-20 | SOOD JASPREET K | Tax withheld | 1.3K | $9.70 |
| 2026-05-20 | LAIRD NEIL J | Tax withheld | 6.0K | $9.70 |
| 2026-05-20 | SOOD JASPREET K | Tax withheld | 11K | $9.70 |
| 2026-05-20 | SOOD JASPREET K | Tax withheld | 1.3K | $9.70 |
| 2026-05-20 | Huston Robert Patrick | Tax withheld | 2.7K | $9.70 |
| 2026-05-20 | Huston Robert Patrick | Tax withheld | 2.7K | $9.70 |
| 2026-05-20 | COHEN RICHARD M | Tax withheld | 6.1K | $9.70 |
| 2026-05-20 | COHEN RICHARD M | Tax withheld | 7.3K | $9.70 |
| 2026-05-20 | COHEN RICHARD M | Tax withheld | 882 | $9.70 |
| 2026-05-20 | COHEN RICHARD M | Tax withheld | 876 | $9.70 |
| 2026-05-20 | COHEN RICHARD M | Sell | 7.5K | $9.50 |
| 2026-05-20 | SOOD JASPREET K | Tax withheld | 9.3K | $9.70 |
| 2026-05-19 | Seidl Randy | Sell | 10K | $9.83 |
| 2026-05-18 | COHEN RICHARD M | Option exercise | 2.8K | — |
| 2026-05-18 | SOOD JASPREET K | Option exercise | 20K | — |
| 2026-05-18 | COHEN RICHARD M | Option exercise | 2.8K | — |
| 2026-05-18 | SOOD JASPREET K | Option exercise | 2.8K | — |
| 2026-05-18 | SOOD JASPREET K | Option exercise | 20K | — |
| 2026-05-18 | LAIRD NEIL J | Option exercise | 12K | — |
| 2026-05-18 | Huston Robert Patrick | Option exercise | 8.3K | — |
| 2026-05-18 | Huston Robert Patrick | Option exercise | 8.3K | — |
| 2026-05-18 | COHEN RICHARD M | Option exercise | 20K | — |
| 2026-05-18 | SOOD JASPREET K | Option exercise | 2.8K | — |
| 2026-05-18 | COHEN RICHARD M | Option exercise | 20K | — |
| 2026-04-01 | Seidl Randy | Option exercise | 20K | — |
| 2026-04-01 | Seidl Randy | Option exercise | 2.8K | — |
| 2026-03-30 | Seidl Randy | Option exercise | 20K | — |
| 2026-03-30 | Seidl Randy | Option exercise | 2.8K | — |
| 2026-02-24 | LAIRD NEIL J | Option exercise | 12K | — |
| 2025-12-31 | Brock Eric A | Sell | 475K | $9.71 |
| 2025-12-22 | COHEN RICHARD M | Option exercise | 1.6K | — |
| 2025-12-22 | COHEN RICHARD M | Sell | 457 | $9.48 |
| 2025-12-22 | COHEN RICHARD M | Option exercise | 2.8K | — |
| 2025-12-22 | COHEN RICHARD M | Sell | 824 | $9.48 |
| 2025-12-22 | LAIRD NEIL J | Option exercise | 12K | — |
| 2025-12-22 | LAIRD NEIL J | Sell | 4.5K | $9.48 |
| 2025-12-22 | Seidl Randy | Sell | 4.7K | $9.48 |
| 2025-12-22 | SOOD JASPREET K | Option exercise | 21K | — |
| 2025-12-22 | SOOD JASPREET K | Sell | 7.1K | $9.48 |
| 2025-12-22 | SOOD JASPREET K | Option exercise | 21K | — |
| 2025-12-22 | SOOD JASPREET K | Sell | 8.0K | $9.48 |
| 2025-12-22 | SOOD JASPREET K | Option exercise | 20K | — |
| 2025-12-22 | SOOD JASPREET K | Sell | 6.6K | $9.48 |
| 2025-12-22 | SOOD JASPREET K | Option exercise | 20K | — |
| 2025-12-22 | SOOD JASPREET K | Sell | 6.6K | $9.48 |
| 2025-12-22 | SOOD JASPREET K | Option exercise | 1.6K | — |
| 2025-12-22 | SOOD JASPREET K | Sell | 525 | $9.48 |
| 2025-12-22 | SOOD JASPREET K | Option exercise | 2.8K | — |
| 2025-12-22 | SOOD JASPREET K | Sell | 947 | $9.48 |
| 2025-12-22 | Seidl Randy | Option exercise | 21K | — |
| 2025-12-22 | Seidl Randy | Sell | 5.1K | $9.48 |
| 2025-12-22 | Seidl Randy | Option exercise | 21K | — |
| 2025-12-22 | Seidl Randy | Sell | 5.9K | $9.48 |
| 2025-12-22 | Seidl Randy | Option exercise | 20K | — |
| 2025-12-22 | Seidl Randy | Sell | 4.7K | $9.48 |
| 2025-12-22 | Seidl Randy | Option exercise | 20K | — |
| 2025-12-22 | Seidl Randy | Option exercise | 1.6K | — |
| 2025-12-22 | Seidl Randy | Sell | 378 | $9.48 |
| 2025-12-22 | Seidl Randy | Option exercise | 2.8K | — |
| 2025-12-22 | Seidl Randy | Sell | 681 | $9.48 |
| 2025-12-22 | COHEN RICHARD M | Option exercise | 21K | — |
| 2025-12-22 | COHEN RICHARD M | Sell | 6.1K | $9.48 |
| 2025-12-22 | COHEN RICHARD M | Option exercise | 21K | — |
| 2025-12-22 | COHEN RICHARD M | Sell | 7.0K | $9.48 |
| 2025-12-22 | COHEN RICHARD M | Option exercise | 20K | — |
| 2025-12-22 | COHEN RICHARD M | Sell | 5.7K | $9.48 |
| 2025-12-22 | COHEN RICHARD M | Option exercise | 20K | — |
| 2025-12-22 | COHEN RICHARD M | Sell | 5.7K | $9.48 |
| 2025-12-17 | Brock Eric A | Other | 1.2M | $8.07 |
| 2025-11-26 | Stern Ron | Option exercise | 850K | $2.69 |
| 2025-11-26 | Stern Ron | Sell | 850K | $7.91 |
| 2025-06-17 | SOOD JASPREET K | Option exercise | 21K | — |
| 2025-06-17 | Seidl Randy | Option exercise | 21K | — |
| 2025-06-17 | SOOD JASPREET K | Sell | 8.7K | $1.69 |
| 2025-06-17 | COHEN RICHARD M | Option exercise | 21K | — |
| 2025-06-17 | COHEN RICHARD M | Sell | 7.6K | $1.69 |
| 2025-03-21 | SOOD JASPREET K | Sell | 8.8K | $0.68 |
| 2025-03-21 | COHEN RICHARD M | Sell | 7.7K | $0.68 |
| 2025-03-20 | Seidl Randy | Option exercise | 21K | — |
| 2025-03-20 | SOOD JASPREET K | Option exercise | 21K | — |
| 2025-03-20 | COHEN RICHARD M | Option exercise | 21K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-26 | 3.02OtherExhibits | filing ↗ |
| 2026-06-22 | 3.02OtherExhibits | filing ↗ |
| 2026-06-18 | Reg FDOtherExhibits | filing ↗ |
| 2026-06-15 | 3.02OtherExhibits | filing ↗ |
| 2026-06-09 | 3.02OtherExhibits | filing ↗ |
| 2026-06-03 | 3.02OtherExhibits | filing ↗ |
| 2026-05-29 | 3.02OtherExhibits | filing ↗ |
| 2026-05-28 | Exec/director changeShareholder voteExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-26 | 2026-06-26 | 0001213900-26-072365 ↗ |
| 8-K | 2026-06-22 | 2026-06-22 | 0001213900-26-070403 ↗ |
| 8-K | 2026-06-18 | 2026-06-18 | 0001213900-26-069889 ↗ |
| 8-K | 2026-06-15 | 2026-06-15 | 0001213900-26-068539 ↗ |
| 8-K | 2026-06-09 | 2026-06-09 | 0001213900-26-066543 ↗ |
| 8-K | 2026-06-03 | 2026-06-03 | 0001213900-26-064477 ↗ |
| 8-K | 2026-05-29 | 2026-05-29 | 0001213900-26-062972 ↗ |
| 8-K | 2026-05-28 | 2026-05-28 | 0001213900-26-062119 ↗ |
| 8-K | 2026-05-28 | 2026-05-28 | 0001213900-26-061808 ↗ |
| 8-K | 2026-05-22 | 2026-05-22 | 0001213900-26-060322 ↗ |
| 8-K | 2026-05-21 | 2026-05-21 | 0001213900-26-059869 ↗ |
| 8-K | 2026-05-18 | 2026-05-16 | 0001213900-26-058161 ↗ |