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Held by 363 of 5,944 reporting institutions (95th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $50.7M 100.0% | $7.2M 100.0% | $15.7M 100.0% | $2.1M 100.0% | $2.9M 100.0% | $2.2M 100.0% | $320K 100.0% | $190K 100.0% | $274K 100.0% | $6K 100.0% |
| Cost of Revenue | $30.6M 60.3% | $6.8M 95.2% | $9.3M 59.3% | $1.0M 47.8% | $1.8M 62.3% | $1.2M 57.1% | $79K 24.7% | $39K 20.7% | $80K 29.1% | $12K 225.4% |
| Cost of Products | — | — | — | — | — | — | — | — | $9K 3.3% | $12K 225.4% |
| Gross Profit | $20.2M 39.7% | $345K 4.8% | $6.4M 40.7% | $1.1M 52.2% | $1.1M 37.7% | $928K 42.9% | $241K 75.3% | $151K 79.3% | $195K 70.9% | -$7K -125.4% |
| Research & Development | $20.9M 41.2% | $12.5M 173.4% | $17.1M 109.3% | $24.0M 1131.0% | $5.8M 199.6% | $3.6M 165.8% | $5.4M 1690.6% | $3.1M 1619.0% | $1.0M 365.4% | — |
| Selling, General & Admin | $44.5M 87.7% | $17.1M 238.3% | $21.6M 137.4% | $23.6M 1111.0% | $11.8M 405.3% | $7.6M 353.2% | $4.8M 1496.0% | $2.6M 1374.5% | $1.1M 394.9% | — |
| Total Operating Expenses | $78.5M 154.8% | $35.0M 485.9% | $46.1M 293.9% | $70.5M 3318.2% | $19.1M 656.0% | $12.5M 575.5% | $15.6M 4873.3% | $8.6M 4518.4% | $2.6M 943.5% | $28K 502.0% |
| Operating Income | -$58.4M -115.1% | -$34.6M -481.1% | -$39.7M -253.2% | -$69.4M -3266.0% | -$18.0M -618.3% | -$11.5M -532.6% | -$15.4M -4798.0% | -$8.4M -4439.1% | -$2.4M -872.6% | -$35K -627.4% |
| Interest Expense | $6.6M 13.0% | $3.6M 50.3% | $4.2M 26.5% | $3.8M 177.0% | $576K 19.8% | $1.9M 89.5% | $2.9M 914.3% | $2.7M 1401.7% | $643K 234.2% | — |
| Interest & Investment Income | $9.1M 18.0% | $235K 3.3% | $124K 0.8% | $26K 1.2% | $12K 0.4% | $251 0.0% | $2K 0.6% | — | — | — |
| Other Income (Expense), net | -$74.5M -146.9% | -$3.4M -47.2% | -$5.1M -32.6% | -$3.8M -179.3% | $28K 1.0% | -$2.0M -90.3% | -$4.0M -1254.2% | -$3.7M -1926.7% | -$628K -228.8% | — |
| Pretax Income | -$132.9M -262.0% | -$38.0M -528.4% | -$44.8M -285.8% | -$73.2M -3445.3% | -$17.9M -617.4% | -$13.5M -622.9% | -$19.4M -6052.2% | -$12.1M -6365.8% | -$3.0M -1101.4% | — |
| Income Tax Expense | $488K 1.0% | $69.4M 964.8% | $62.6M 398.9% | — | -$2.9M -100.5% | — | — | — | — | — |
| Net Income | -$133.4M -262.9% | -$38.0M -528.4% | -$44.8M -285.8% | -$73.2M -3445.3% | -$15.0M -516.9% | -$13.5M -622.9% | -$19.4M -6052.2% | -$12.1M -6365.8% | -$3.0M -1101.4% | -$35K -627.4% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.62 | $-0.61 | $-0.88 | $-1.73 | $-0.44 | — | — | — | — | — |
| EPS (Diluted) | $-0.62 | $-0.61 | $-0.88 | $-1.73 | $-0.44 | — | — | — | — | — |
| Weighted Avg Shares (Basic) | 222K | 70K | 52.7M | 42.2M | 34.2M | — | — | — | — | — |
| Weighted Avg Shares (Diluted) | 222K | 70K | 52.7M | 42.2M | 34.2M | — | — | — | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
4/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$41M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -30%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
Where each multiple sits in its own 6-yr range · 50th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 6-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 20.7 | 24.7 | 57.1 | 62.3 | 47.8 | 59.3 | 95.2 | 60.3 |
| Gross Profit | 79.3 | 75.3 | 42.9 | 37.7 | 52.2 | 40.7 | 4.8 | 39.7 |
| R&D | 1619.0 | 1690.6 | 165.8 | 199.6 | 1131.0 | 109.3 | 173.4 | 41.2 |
| SG&A | 1374.5 | 1496.0 | 353.2 | 405.3 | 1111.0 | 137.4 | 238.3 | 87.7 |
| Operating Income | -4439.1 | -4798.0 | -532.6 | -618.3 | -3266.0 | -253.2 | -481.1 | -115.1 |
| Income Tax | — | — | — | -100.5 | — | 398.9 | 964.8 | 1.0 |
| Net Income | -6365.8 | -6052.2 | -622.9 | -516.9 | -3445.3 | -285.8 | -528.4 | -262.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on ONDS: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $11.16T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.33T | 44.8× | 40.0× | 24.7× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.98T | 45.2× | 34.8× | 12.0× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.70T | 27.7× | 19.6× | 11.1× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.65T | 72.8× | 65.1× | 25.8× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.10T | 128.8× | 60.7× | 29.3× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $888.5B | 205.7× | 210.2× | 25.6× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $543.3B | — | 67.4× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $436.6B | 43.2× | 36.6× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $421.4B | 279.8× | 291.6× | 94.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $383.6B | 67.8× | 36.1× | 3.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.7B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| RPAY | $338.0B | — | — | 1092.8× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| UMC | $307.4B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $262.5B | — | — | — | — | — | — | — | — | — | 794 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| PANW | $250.5B | 234.4× | 156.5× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| SNDK | $235.7B | — | — | 32.0× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| TXN | $234.6B | 47.4× | 30.9× | 13.3× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $225.6B | 31.1× | 24.4× | 5.4× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.8B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| MRVL | $204.0B | 78.4× | 133.3× | 24.9× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| QCOM | $202.7B | 37.7× | 15.2× | 4.6× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| ONDS | $2.8B | — | — | 55.5× | 605% | 39.7% | -261% | -30.2% | -30.2% | — | 363 |
Peers = companies sharing ONDS's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.