Filing Flows › Ondas (ONDS) › Q2 2025
Ondas (ONDS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Ondas (ONDS) reported revenue of $6.3M for the second quarter 2025 (Q2 2025), +555% from a year earlier and +48% from the quarter before. Operating margin was -147.5%, net loss $10.8M (171.4% of revenue).
Ondas, Q2 2025: revenue $6.3M (+555% year over year), operating margin -147.5%, net loss $10.8M, operating cash flow −$8.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.3M | +48% | +555% |
| Operating profit | −$9.2M | — | — |
| Net earnings | −$10.8M | — | — |
| Operating cash flow | −$8.4M | — | — |
What changed
Revenue was $6.3M in Q2 2025, up 555% year over year and up 48% from the previous quarter. Product Revenue was the largest line at 57% of revenue. Product Revenue added $3.6M year over year (up 15934%), 67% of the total change. Development Revenue declined 73%.
Gross margin was 53.1%. Operating costs exceeded revenue by $9.2M, an operating margin of -147.5%. The fastest-growing cost line was Sales & marketing (+73%). The quarter ended with a net loss of $10.8M, narrower than the previous quarter's $14.1M loss.
Operating cash flow was −$8.4M. Non-cash charges added back $1.3M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $1.1M. Capital expenditures of $96K exceeded it, leaving free cash flow of −$8.5M.
Questions
What was Ondas' revenue in the second quarter 2025?
Ondas (ONDS) reported revenue of $6.3M for the second quarter 2025 (Q2 2025), +555% from a year earlier and +48% from the quarter before.
Was Ondas profitable in the second quarter 2025?
Operating loss was $9.2M (-147.5% of revenue) and net loss $10.8M.
Source: Ondas 10-Q on SEC EDGAR.