Ondas Inc.
For the period ended Jun 30, 2026. Filed Aug 13, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 13, 2026
ONDS$5.57-6.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Six Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income (loss) | $271,555 | $(24,885) |
| Adjustments to reconcile net income (loss) to net cash flows used in operating activities: | ||
| Unrealized gains on investments | (9,799) | - |
| Realized gains on investments | (2,925) | - |
| Accretion of discounts on investments, net | 1,219 | - |
| Depreciation | 1,603 | 370 |
| Amortization of debt discount and issuance cost | - | 4,497 |
| Amortization of intangible assets | 24,263 | 2,117 |
| Amortization of right of use asset | 308 | 560 |
| Noncash interest expense | 852 | - |
| Income from equity method investments | (202) | - |
| Loss on intellectual property | - | 16 |
| Gain on disposal of equipment | (77) | - |
| Gain on acquisition consideration | (6,182) | - |
| Gain on deconsolidation of subsidiary | (48,834) | - |
| Loss on acquisition of variable interest entity | 46,150 | - |
| Change in fair value of warrant liability | (404,798) | - |
| Change in fair value of note receivable from affiliate | (305) | - |
| Change in fair value of investment in affiliate | 2,487 | - |
| Change in fair value of contingent consideration | 19,234 | - |
| Change in fair value of government grant liability | 286 | 111 |
| Deferred income taxes | (30,068) | - |
| Stock-based compensation | 88,753 | 3,751 |
| Changes in operating assets and liabilities, net of acquisitions and deconsolidations: | ||
| Accounts receivable | (33,875) | (160) |
| Inventory | (14,050) | (1,369) |
| Other current assets | (31,607) | (3,608) |
| Deposits and other assets | (10,508) | (43) |
| Accounts payable | 1,577 | (897) |
| Accrued expenses and other current liabilities | 2,692 | 2,040 |
| Deferred revenue | (6,617) | 3,036 |
| Operating lease liability | (631) | (599) |
| Other liabilities | 2,120 | - |
| Net cash flows used in operating activities | (137,379) | (15,063) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of property and equipment | (9,093) | (267) |
| Purchase of long-term equity investments | (9,950) | - |
| Proceeds from sale of short-term investments | 5,720 | - |
| Purchases of short-term investments | (762,127) | - |
| Maturities of short-term investments | 66,537 | - |
| Cash paid for acquisition, net of cash acquired | (45,233) | - |
| Deconsolidation of subsidiary cash | (7,011) | - |
| All other investing activities | (1,898) | (39) |
| Net cash flows used in investing activities | (763,055) | (306) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from exercise of options and warrants | 12,213 | 9,963 |
| Proceeds from sale of common stock and warrants, net of issuance costs | 959,104 | 42,677 |
| Proceeds from notes payable and convertible notes payable, net of issuance costs | 855 | 923 |
| Proceeds from government grant | - | 365 |
| Payments on notes payable | (346) | - |
| Payments on government grant liability | (425) | (7) |
| Net cash flows provided by financing activities | 971,401 | 53,921 |
| Increase in cash, cash equivalents, and restricted cash | 70,967 | 38,552 |
| Effect of exchange rate on cash | 1,052 | - |
| Cash, cash equivalents, and restricted cash beginning of period | 594,359 | 29,999 |
| Cash, cash equivalents, and restricted cash end of period | $666,378 | $68,551 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Six Months Ended June 30, | ||||
|---|---|---|---|---|
| 2026 · 2025 | ||||
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||||
| Cash paid for interest | $10 | $8 | ||
| Cash paid for income taxes | $ | - | $ | - |
| SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||
| Preferred dividends attributable to redeemable noncontrolling interest | $ | - | $780 | |
| Accretion of redeemable noncontrolling interest to redemption value | $1,631 | $1,695 | ||
| Common stock issued in connection with acquisitions | $741,526 | $ | - | |
| Common stock issued in exchange for debt repayment | $ | - | $47,102 | |
| Issuance of shares in exchange for shares of OAS, net of costs | $2,051 | $ | - | |
| Warrants issued in connection with convertible notes payable with respect to Ondas Networks | $ | - | $346 | |
| Operating leases right-of-use assets obtained in exchange of lease liabilities | $9,437 | $1,353 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.