Ondas Inc.

For the period ended Mar 31, 2026. Filed May 15, 2026.

About 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$5.57-6.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

	Three Months Ended March 31,
2026 · 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		$361,250		(14,136)
Adjustments to reconcile net income (loss) to net cash flows used in operating activities:
Unrealized losses on investments		2,617		-
Depreciation		669		181
Amortization of debt discount and issuance cost		-		3,303
Amortization of intangible assets		5,622		1,062
Amortization of right of use asset		389		222
Noncash interest expense		383		-
Gain on disposal of equipment		(110)		-
Change in fair value of warrant liability		(389,548)		-
Gain on deconsolidation of subsidiary		(51,453)		-
Loss on acquisition of variable interest entity		46,150		-
Change in fair value of government grant liability		104		(32)
Stock-based compensation		19,658		1,573
Changes in operating assets and liabilities, net of acquisitions and deconsolidations:
Accounts receivable		(11,726)		3,309
Inventory		(4,129)		(727)
Other current assets		(32,334)		(3,048)
Deposits and other assets		(10,258)		(32)
Accounts payable		(288)		(1,161)
Accrued expenses and other current liabilities		15,614		806
Deferred revenue		(2,655)		2,309
Operating lease liability		(593)		(288)
Deferred tax liability		(673)		-
Other liabilities		13		-
Net cash flows used in operating activities		(51,298)		(6,659)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment		(1,332)		(171)
Proceeds from sale of property and equipment		110		-
Purchase of long-term equity investments		(5,000)		-
Purchases of short-term investments		(452,238)		-
Maturities of short-term investments		23,147		-
Cash paid for acquisition, net of cash acquired		(31,770)		-
Deconsolidation of subsidiary cash		(7,011)		-
All other investing activities		(73)		(24)
Net cash flows used in investing activities		(474,167)		(195)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of options and warrants		10,039		984
Proceeds from sale of common stock and warrants, net of issuance costs		959,104		-
Proceeds from convertible notes payable, net of issuance costs		-		923
Proceeds from government grant		-		365
Payments on notes payable		(305)		-
Payments on government grant liability		(373)		(7)
Net cash flows provided by financing activities		968,465		2,265
Increase (decrease) in cash, cash equivalents, and restricted cash		443,000		(4,589)
Effect of exchange rate on cash		(275)		-
Cash, cash equivalents, and restricted cash beginning of period		594,359		29,999
Cash, cash equivalents, and restricted cash end of period		$1,037,084		$25,410
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest		$13		$5
Cash paid for income taxes	$	-	$	-
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Preferred dividends attributable to redeemable noncontrolling interest	$	-		$390
Accretion of redeemable noncontrolling interest to redemption value		$1,289		$817
Common stock issued in connection with business acquisitions		$232,528	$	-
Common stock issued in exchange for debt repayment	$	-		$21,939
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		$691		$340

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.