Filing Flows › Ondas (ONDS) › How it makes money
How Ondas (ONDS) makes money
Ondas (ONDS) made $83.8M of revenue in the second quarter 2026 (Q2 2026), up 13-fold from a year earlier. Product Revenue brought in $43.4M (52%); Service Revenue brought in $23.6M (28%); Development Revenue brought in $16.7M (20%).
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product Revenue | $43.4M | 51.9% | +13% | 12× |
| Service Revenue | $23.6M | 28.2% | +153% | +846% |
| Development Revenue | $16.7M | 20.0% | +588% | 97× |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $83.8M | 100.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $83.8M | 13× |
| Q1 2026 | $50.1M | 12× |
| Q4 2025 | $30.1M | +629% |
| Q3 2025 | $10.1M | +582% |
| Q2 2025 | $6.3M | +555% |
| Q1 2025 | $4.2M | +580% |
| Q4 2024 | $4.1M | -17% |
From Ondas' 10-Q filed Aug 13, 2026 (on EDGAR).
Questions
How does Ondas make money?
Ondas (ONDS) made $83.8M of revenue in the second quarter 2026 (Q2 2026), up 13-fold from a year earlier. Product Revenue brought in $43.4M (52%); Service Revenue brought in $23.6M (28%); Development Revenue brought in $16.7M (20%).
What is Ondas' biggest business?
Product Revenue: $43.4M in the second quarter 2026, 52% of revenue, up 12-fold from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.