Filing Flows › Ondas (ONDS) › Q2 2026 › vs Q1 2026
Ondas (ONDS) Q2 2026 vs Q1 2026 (quarter over quarter)
Ondas's revenue rose $33.6M (+67%) from $50.1M in Q1 2026 to $83.8M in Q2 2026. The biggest changes: Development Revenue +$14.3M (+588%); Service Revenue +$14.3M (+153%); Product Revenue +$5.1M (+13%).
Ondas, Q2 2026: revenue $83.8M (13× year over year), operating margin -194.5%, net loss $89.7M, operating cash flow −$86.1M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Product Revenue | $43.4M | $38.4M | $5.1M | +13% |
| Service Revenue | $23.6M | $9.3M | $14.3M | +153% |
| Development Revenue | $16.7M | $2.4M | $14.3M | +588% |
| Revenue | $83.8M | $50.1M | $33.6M | +67% |
| Other income, net | $44.2M | $404M | −$360M | -89% |
| Income tax benefit | $29.1M | −$245K | $29.3M | — |
| Net loss | $89.7M | −$361M | $451M | — |
| Costs & expenses | $247M | $454M | −$208M | -46% |
| Operating costs | $247M | $92.8M | $154M | +166% |
| Cost of revenue | $47.6M | $25.5M | $22.2M | +87% |
| Research & development | $31.0M | $13.5M | $17.4M | +129% |
| Sales & marketing | $20.9M | $10.5M | $10.4M | +99% |
| General & admin | $128M | $43.3M | $84.7M | +196% |
| Operating cash sources | $156M | $77.2M | $78.9M | +102% |
| Depreciation & amortization | $934K | $6.3M | −$5.4M | -85% |
| Share-based compensation | $69.1M | $19.7M | $49.4M | +251% |
| Cash used in operations | $86.1M | $51.3M | $34.8M | +68% |
| Net loss absorbed | $89.7M | −$361M | $451M | — |
| Working capital & other | $66.4M | $438M | −$372M | -85% |
Questions
How much did Ondas's revenue grow quarter over quarter in Q2 2026?
Ondas's revenue rose $33.6M (+67%) from $50.1M in Q1 2026 to $83.8M in Q2 2026.
What drove Ondas's revenue change in Q2 2026?
Development Revenue +$14.3M (+588%); Service Revenue +$14.3M (+153%); Product Revenue +$5.1M (+13%).