Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Revenues, net $ 50,122 $ 4,248
Cost of goods sold 25,464 2,760
Gross profit 24,658 1,488
Operating expenses:    
General and administrative 43,316 5,909
Sales and marketing 10,494 2,430
Research and development 13,519 3,459
Total operating expenses 67,329 11,798
Operating loss (42,671) (10,310)
Other income (expense), net    
Other income (expense), net 136 (1)
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) (124)
Interest and dividend income 12,136 201
Unrealized loss on investments (2,617)
Interest expense (338) (3,868)
Foreign exchange gain (loss), net 102 (34)
Total other income (expense), net 404,166 (3,826)
Income (loss) before provision for income taxes 361,495 (14,136)
Provision for income taxes 245
Net income (loss) 361,250 (14,136)
Less preferred dividends attributable to noncontrolling interest 390
Less deemed dividends attributable to accretion of redemption value 1,289 817
Net loss attributable to noncontrolling interests (1,698)
Net income (loss) attributable to Ondas Inc. stockholders $ 361,659 $ (15,343)
Net income (loss) per share – basic (in Dollars per share) $ 0.58 $ (0.15)
Net income (loss) per share – diluted (in Dollars per share) $ 0.56 $ (0.15)
Weighted average number of common shares outstanding, basic and diluted    
Basic (in Shares) 445,089 105,005
Diluted (in Shares) 461,706 105,005