Ondas Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Leases (Tables)

Leases (Tables)

12 Months Ended

Dec. 31, 2025

Lease Costs

	Years ended December 31,
(dollars in thousands)	2025		2024
Components of total lease costs:
Operating lease expense	$	1,446	$	1,017
Common area maintenance expense		381		551
Short-term lease costs ⁽¹⁾		130		828
Total lease costs	$	1,957	$	2,396

⁽¹⁾	Represents short-term leases with an initial term of 12 months or less, which are immaterial.

Schedule of Other Long-Term Liabilities and Other Leases Information

ROU lease assets are recorded in Other assets, the current portion of lease liabilities for our operating leases are recorded in Accrued expenses and other liabilities, and the long-term portion of our lease liabilities for our operating leases are recorded in Other long-term liabilities on the Consolidated Balance Sheets as follows:

	December 31,
(dollars in thousands)	2025		2024
Assets:
Operating lease assets	$	10,365	$	3,922
Total lease assets	$	10,365	$	3,922

Liabilities:
Operating lease liabilities, current	$	3,076	$	1,122
Operating lease liabilities, net of current		9,645		4,962
Total lease liabilities	$	12,721	$	6,084

	Years ended December 31,
(dollars in thousands)	2025			2024
Operating cash flows for operating leases	$	2,038		$	1,047

Weighted average remaining lease term (in years) – operating lease		5.61			4.50
Weighted average discount rate – operating lease		6.57	%		9.20	%

Schedule of Future Lease Payments

Future lease payments included in the measurement of lease liabilities on the Consolidated Balance Sheets as of December 31, 2025, for the following five years and thereafter as follows (in thousands):

(dollars in thousands) Years ending December 31,⁽¹⁾
2026	$	3,732
2027		3,584
2028		3,502
2029		2,418
2030		630
Thereafter		2,321
Total future minimum lease payments	$	16,187
Lease imputed interest		(3,466	)
Total	$	12,721

⁽¹⁾	Remaining non-cancellable sublease proceeds for the years ending December 31, 2026 - 2028, and 2029 of $495 thousand and $144 thousand, respectively, are not included in the table above.