Filing Flows › Ondas (ONDS) › Q2 2026 › vs Q2 2025
Ondas (ONDS) Q2 2026 vs Q2 2025 (year over year)
Ondas's revenue rose $77.5M (13×) from $6.3M in Q2 2025 to $83.8M in Q2 2026. The biggest changes: Product Revenue +$39.8M (12×); Service Revenue +$21.1M (+846%); Development Revenue +$16.6M (97×).
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 Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Product Revenue | $43.4M | $3.6M | $39.8M | 12× |
| Service Revenue | $23.6M | $2.5M | $21.1M | +846% |
| Development Revenue | $16.7M | $172K | $16.6M | 97× |
| Revenue | $83.8M | $6.3M | $77.5M | 13× |
| Other income, net | $44.2M | −$1.5M | $45.7M | — |
| Income tax benefit | $29.1M | $0 | $29.1M | — |
| Net loss | $89.7M | $10.8M | $78.9M | +734% |
| Costs & expenses | $247M | $17.0M | $230M | 14× |
| Operating costs | $247M | $15.5M | $231M | 16× |
| Cost of revenue | $47.6M | $2.9M | $44.7M | 16× |
| Research & development | $31.0M | $4.2M | $26.7M | +631% |
| Sales & marketing | $20.9M | $2.3M | $18.6M | +822% |
| General & admin | $128M | $6.1M | $122M | 21× |
| Operating cash sources | $156M | $10.8M | $145M | 14× |
| Depreciation & amortization | $934K | $189K | $745K | +394% |
| Share-based compensation | $69.1M | $2.2M | $66.9M | 32× |
| Cash used in operations | $86.1M | $8.4M | $77.7M | +924% |
| Net loss absorbed | $89.7M | $10.8M | $78.9M | +734% |
| Working capital & other | $66.4M | $20K | $66.4M | 3,321× |
Questions
How much did Ondas's revenue grow year over year in Q2 2026?
Ondas's revenue rose $77.5M (13×) from $6.3M in Q2 2025 to $83.8M in Q2 2026.
What drove Ondas's revenue change in Q2 2026?
Product Revenue +$39.8M (12×); Service Revenue +$21.1M (+846%); Development Revenue +$16.6M (97×).