Filing Flows › Ondas (ONDS) › Q1 2026 › vs Q4 2025
Ondas (ONDS) Q1 2026 vs Q4 2025 (quarter over quarter)
Ondas's revenue rose $20.0M (+66%) from $30.1M in Q4 2025 to $50.1M in Q1 2026.
Ondas, Q1 2026: revenue $50.1M (12× year over year), operating margin -85.1%, net earnings $361M, operating cash flow −$51.3M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $50.1M | $30.1M | $20.0M | +66% |
| Other income, net | $404M | −$76.4M | $481M | — |
| Costs & expenses | $454M | $130M | $324M | +250% |
| Operating costs | $92.8M | $53.4M | $39.4M | +74% |
| Income tax | $245K | $181K | $64K | +36% |
| Net earnings | $361M | −$99.9M | $461M | — |
| Cost of revenue | $25.5M | $17.4M | $8.1M | +47% |
| Research & development | $13.5M | $8.7M | $4.8M | +56% |
| Sales & marketing | $10.5M | $5.5M | $5.0M | +91% |
| General & admin | $43.3M | $21.9M | $21.4M | +98% |
| Operating cash sources | $438M | −$77.3M | $516M | — |
| Depreciation & amortization | $6.3M | $3.0M | $3.3M | +111% |
| Share-based compensation | $19.7M | $6.8M | $12.9M | +189% |
| Cash used in operations | $51.3M | $12.7M | $38.6M | +303% |
| Working capital & other | $438M | −$77.3M | $516M | — |
Questions
How much did Ondas's revenue grow quarter over quarter in Q1 2026?
Ondas's revenue rose $20.0M (+66%) from $30.1M in Q4 2025 to $50.1M in Q1 2026.