Filing Flows › Ondas (ONDS) › Q1 2025
Ondas (ONDS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Ondas (ONDS) reported revenue of $4.2M for the first quarter 2025 (Q1 2025), +580% from a year earlier and +3% from the quarter before. Operating margin was -242.7%, net loss $14.1M (332.8% of revenue).
Ondas, Q1 2025: revenue $4.2M (+580% year over year), operating margin -242.7%, net loss $14.1M, operating cash flow −$6.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2M | +3% | +580% |
| Operating profit | −$10.3M | — | — |
| Net earnings | −$14.1M | — | — |
| Operating cash flow | −$6.7M | — | — |
What changed
Revenue was $4.2M in Q1 2025, up 580% year over year and up 3% from the previous quarter. Product Revenue was the largest line at 76% of revenue. Product Revenue added $3.2M year over year (up 141675%), 89% of the total change. Development Revenue declined 31%.
Gross margin was 35.0%. Operating costs exceeded revenue by $10.3M, an operating margin of -242.7%. The fastest-growing cost line was Sales & marketing (+84%). The quarter ended with a net loss of $14.1M, wider than the previous quarter's $10.3M loss.
Operating cash flow was −$6.7M. Non-cash charges added back $1.2M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $4.7M. Capital expenditures of $171K exceeded it, leaving free cash flow of −$6.8M.
Questions
What was Ondas' revenue in the first quarter 2025?
Ondas (ONDS) reported revenue of $4.2M for the first quarter 2025 (Q1 2025), +580% from a year earlier and +3% from the quarter before.
Was Ondas profitable in the first quarter 2025?
Operating loss was $10.3M (-242.7% of revenue) and net loss $14.1M.
Source: Ondas 10-Q on SEC EDGAR.