Ondas Inc.

Listed Company

ONDSCIK 0001646188NasdaqNon-AcceleratedSmaller ReportingRadio & Tv Broadcasting & Communications EquipmentNevadaFY ends Dec 31

Period

FY 2025

Revenue

$50.73M

Net Income

$-133.38M

Total Assets

$1.13B

Equity

$437.81M

Shares Out

495.76M

Op. Cash Flow

$-38.75M

ONDS$6.53+170.95% · past yearDBEQ Basic

Daily closing prices

Business

Ondas Inc. develops autonomous systems, private wireless networks, and pursues strategic investments. Ondas Autonomous Systems builds counter-UAS, ISR, and unmanned ground vehicle platforms for defense and public safety. Ondas Networks provides FullMAX software-defined radio platforms for industrial IoT and critical infrastructure connectivity. Ondas Capital makes strategic minority investments. The company serves North American and international markets via direct sales, value-added resellers, and data-as-a-service models.

Summary from 10-K filed 2026-03-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues, net	51	7	16	2	3
Cost of goods sold	31	7	9	—	—
Gross profit	20	345,000	6	1	1
General and administrative	44	17	22	24	12
Sales and marketing	13	5	6	3	1
Research and development	21	12	17	24	6
Total operating expenses	79	35	46	71	19
Operating loss	−58	−35	−40	−69	−18
Other income (expense), net	11,000	−20,000	−180,904	−4	27,793
Change in fair value of warrant liability, net	−82	—	—	—	—
Change in fair value of government grant liability	−204,000	95,000	−478,721	—	—
Interest and dividend income	9	235,000	123,874	25,542	11,578
Unrealized gain on investments	5	—	—	—	—
Interest expense	−7	−4	−4	—	—
Foreign exchange gain (loss), net	−27,000	−88,000	−425,062	—	—
Total other income (expense), net	−75	−3	−5	—	—
Loss before provision for income taxes	−133	−38	−45	−73	−18
Provision for income taxes	488,000	—	—	—	3
Net loss	−133	−38	—	—	—
Less preferred dividends attributable to noncontrolling interest	2	2	512,207	—	—
Less deemed dividends attributable to accretion of redemption value	4	3	1	—	—
Less net loss attributable to noncontrolling interest	−1	—	—	—	—
Net loss attributable to Ondas Inc. stockholders	−137	−42	−46	−73	—
Net loss per share - basic (in Dollars per share)	−0.62	−0.61	−0.88	−1.73	−0.44
Net loss per share - diluted (in Dollars per share)	−0.62	−0.61	−0.88	−1.73	−0.44
Weighted average number of common shares outstanding, basic (in Shares)	221,769	69,917	53	42	34
Weighted average number of common shares outstanding, diluted (in Shares)	221,769	69,917	53	42	34

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-08-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	551	—	30	—	30
Restricted cash	44	—	41,000	42,564	—
Short-term investments	22	—	—	—	—
Accounts receivable, net	22	—	5	3	104,276
Inventory, net	22	—	10	2	2
Other current assets	25	—	2	3	2
Total current assets	686	—	48	24	36
Property and equipment, net	10	—	3	4	3
Goodwill, net of accumulated impairment charges	252	—	28	28	26
Intangible assets, net	137	—	27	31	—
Long-term equity investments	36	—	—	—	2
Other assets	12	—	5	64	59
Total assets	1,133	—	110	92	98
Accounts payable	14	—	6	5	3
Accrued expenses and other current liabilities	34	—	6	4	3
Accrued purchase consideration	75	—	—	—	—
Notes payable, net of unamortized debt discount and issuance costs of $0 and $227, respectively, related party	2	—	1	—	—
Notes payable	704,000	—	—	—	—
Convertible note payable, net of unamortized debt discount and issuance cost of $0 and $362, respectively, related party	4	—	5	—	—
Convertible note payable, net of debt discount and issuance cost of $0 and $5,236, respectively	3	—	32	26	—
Deferred revenue	8	—	329,000	276,944	—
Government grant liability	2	—	389,000	520,657	—
Total current liabilities	142	—	51	36	23
Convertible notes payable, net of current portion, net of unamortized debt discount and issuance cost of $0 and $1,682, respectively	4	—	16	—	—
Government grant liability, net of current portion	1	—	2	2	—
Warrant liability	489	—	—	—	—
Deferred tax liability	15	—	—	—	—
Other long-term liabilities	10	—	5	—	—
Total liabilities	661	—	74	47	40
Commitments and Contingencies (Note 17)	—	—	—	—	—
Redeemable noncontrolling interest	30	—	19	12	—
Preferred stock par value $0.0001; 5,000,000 shares authorized at December 31, 2025 and December 31, 2024, and none issued or outstanding at December 31, 2025 and December 31, 2024	—	—	—	—	—
Common stock par value $0.0001; 800,000,000 and 300,000,000 shares authorized at December 31, 2025 and 2024, respectively; 380,763,481 and 93,173,191 issued and outstanding at December 31, 2025 and December 31, 2024, respectively	38,000	—	9,000	6,194	4,411
Additional paid in capital	806	—	253	231	212
Accumulated other comprehensive income	329,000	—	—	—	—
Accumulated deficit	−368	—	−236	−198	−154
Total Ondas Inc. stockholders equity	438	—	17	33	58
Noncontrolling interest	4	334,000	—	—	—
Total stockholders equity	442	—	17	33	—
Total liabilities and stockholders equity	1,133	—	110	92	98

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	946,000	602,000	—	—	—
Amortization of debt discount and issuance cost	5	3	3	4	—
Amortization of intangible assets	6	4	4	4	1
Amortization of right of use asset	1	842,000	1	833,940	302,931
Noncash interest expense	331,000	—	—	—	—
Provision for obsolete inventory	923,000	121,000	—	—	—
Credit losses	—	993,000	—	—	—
Loss on disposal of equipment	—	2,000	1	—	—
Loss on intellectual property	16,000	28,000	—	—	—
Gain on termination of operating lease	—	−12,000	—	—	—
Change in fair value of government grant liability	48,000	−215,000	427,208	—	—
Stock-based compensation	16	1	1	6	3
Cash paid for right of use asset	—	−272,000	—	—	—
Accounts receivable	−14	−3	−4	1	−1
Inventory	−5	−5	1	−994,672	−126,494
Other current assets	−19	491,000	−318,460	—	—
Other assets	−725,000	−64,000	—	—	—
Accounts payable	4	1	1	554,744	−86,658
Accrued expenses and other current liabilities	22	1	−494,029	2	−2
Deferred revenue	176,000	157,000	−1	—	—
Operating lease liability	−1	−180,000	−812,249	−684,205	−336,432
Deferred tax liability	−16,000	—	—	—	−3
Other liabilities	480,000	83,000	—	—	—
Net cash flows used in operating activities	−39	−33	−34	−38	−17
Patent costs	−67,000	−37,000	−70,081	−49,501	−104,112
Purchase of equipment	−2	−2	−211,035	−3	−923,718
Proceeds from sale of equipment	—	1,000	48,768	—	—
Purchase of software intangible	−38,000	−61,000	—	—	—
Purchase of long-term equity investments	−36	—	—	—	—
Purchases of short-term investments	−15	—	—	—	—
Cash paid for asset acquisition, net of cash acquired	−169,000	—	—	—	—
Cash paid for business acquisition, net of cash acquired	−207	—	—	—	—
Net cash flows used in investing activities	−260	−2	536,273	−7	−10
Proceeds from exercise of options and warrants	31	58,000	—	—	—
Proceeds from exercise of warrants in Ondas Autonomous Systems	1	—	40,338	—	—
Proceeds from sale of common stock and warrants, net of issuance costs	830	7	—	6	48
Proceeds from convertible notes payable, net of issuance costs, related party	—	5	—	—	—
Proceeds from convertible notes payable, net of issuance costs	923,000	32	—	28	—
Proceeds from notes payable	235,000	—	9	28	—
Proceeds from notes payable, net of issuance costs, related party	—	1	—	—	—
Proceeds from government grant	365,000	300,000	189,752	—	—
Proceeds from sale of noncontrolling interest in Ondas Networks, net of issuance costs	—	4	—	—	—
Payments on notes payable	−29,000	—	−4	—	−7
Payments of issuance costs related to debt conversion	−11,000	—	—	—	—
Payments on government grant liability	−342,000	−277,000	−6,576	—	—
Net cash flows provided by financing activities	863	50	19	34	42
Increase in cash, cash equivalents, and restricted cash	564	15	−15	−11	15
Effect of exchange rate on cash	585,000	—	—	—	—
Cash paid for interest	41,000	22,000	176,542	14,187	—
Cash paid for income taxes	10,000	—	—	—	—
Preferred dividends attributable to redeemable noncontrolling interest	2	2	512,207	—	—
Accretion of redeemable noncontrolling interest to redemption value	4	3	—	—	—
Recognition of redeemable noncontrolling interest in business acquisition	6	—	—	—	—
Common stock in relation to business acquisitions	35	—	—	—	—
Common stock issued in exchange for debt repayment	54	14	—	—	—
Warrants in relation to sale of redeemable preferred stock and notes payable with respect to Ondas Networks	346,000	3	—	—	—
Warrants in relation to sale of common stock	—	2	—	—	—
Warrants in Ondas Autonomous Systems, in relation to sale of common stock	—	955,000	—	—	—
Non-cash consideration for settlement of development agreement payable	—	342,000	—	—	—
Transfer of equipment into inventory	—	2	—	—	—
Operating leases right-of-use assets obtained in exchange of lease liabilities	2	—	4	3	937,245

Filings

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Frequently asked questions

What is Ondas Inc.'s CIK number?

Ondas Inc.'s SEC CIK number is 0001646188 (1646188). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Ondas Inc.'s SEC filings?

All of Ondas Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Ondas Inc. last report earnings?

Ondas Inc. (ONDS) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-26-056235). This is Ondas Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Ondas Inc.'s most recent earnings 8-K?

Ondas Inc.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001213900-26-056235. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Ondas Inc.'s latest earnings 8-K →
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