Ondas Inc.
For the period ended Mar 31, 2026. Filed May 15, 2026.
View on SEC.govAbout this filing
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.
Mar 31, 2026 · Filed May 15, 2026
ONDS$5.34+18.0%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets
(dollars in thousands, except par value)
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $1,026,003 | $550,744 |
| Restricted cash | 11,081 | 43,615 |
| Short-term investments | 447,842 | 21,750 |
| Accounts receivable, net | 45,295 | 22,356 |
| Inventory, net | 34,286 | 21,963 |
| Other current assets | 64,689 | 25,473 |
| Total current assets | 1,629,196 | 685,901 |
| Property and equipment, net | 11,508 | 10,217 |
| Goodwill | 381,838 | 251,809 |
| Intangible assets, net | 312,514 | 136,890 |
| Long-term equity investments | 42,340 | 35,587 |
| Investment in unconsolidated affiliates, at fair value | 29,289 | - |
| Other assets | 32,685 | 12,437 |
| Total assets | $2,439,370 | $1,132,841 |
| LIABILITIES, TEMPORARY EQUITY AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $16,697 | $13,873 |
| Accrued expenses and other current liabilities | 70,731 | 33,970 |
| Accrued purchase and contingent consideration | 39,621 | 75,000 |
| Notes payable, related party | - | 1,500 |
| Notes payable | 243 | 704 |
| Convertible note payable, related party | - | 3,500 |
| Convertible note payable | 528 | 2,950 |
| Deferred revenue | 19,627 | 8,029 |
| Government grant liability | 1,870 | 2,295 |
| Total current liabilities | 149,317 | 141,821 |
| Notes payable, net of current portion | 188 | - |
| Accrued purchase and contingent consideration, net of current portion | 88,481 | - |
| Convertible notes payable, net of current portion | 3,410 | 3,834 |
| Government grant liability, net of current portion | 1,586 | 1,362 |
| Warrant liability | 1,058,990 | 489,434 |
| Deferred tax liability | 48,292 | 14,531 |
| Other long-term liabilities | 8,791 | 10,244 |
| Total liabilities | 1,359,055 | 661,226 |
| Commitments and Contingencies (Note 16) | ||
| Temporary Equity | ||
| Redeemable noncontrolling interests | 2,454 | 29,796 |
| Stockholders’ Equity | ||
| Preferred stock – par value $0.0001; 5,000,000 shares authorized at March 31, 2026 and December 31, 2025, and none issued or outstanding at March 31, 2026 and December 31, 2025 | - | - |
| Series A Convertible Preferred stock – par value $0.0001; 5,000,000 shares authorized at March 31, 2026 and December 31, 2025, and none issued or outstanding at March 31, 2026 and December 31, 2025 | - | - |
| Common stock – par value $0.0001; 800,000,000 shares authorized at March 31, 2026 and December 31, 2025; 469,062,109 and 380,763,481 issued and outstanding at March 31, 2026 and December 31, 2025, respectively | 46 | 38 |
| Additional paid in capital | 1,079,757 | 805,828 |
| Accumulated other comprehensive (loss) income | (361) | 329 |
| Accumulated deficit | (5,438) | (368,387) |
| Total Ondas Inc. stockholders’ equity | 1,074,004 | 437,808 |
| Noncontrolling interest | 3,857 | 4,011 |
| Total stockholders’ equity | 1,077,861 | 441,819 |
| Total liabilities, temporary equity, and stockholders’ equity | $2,439,370 | $1,132,841 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.