Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 262,811 $ 550,744
Restricted cash 31,463 43,615
Short-term investments 526,062 21,750
Accounts receivable, net 127,337 22,356
Inventory, net 110,719 21,963
Other current assets 238,377 25,473
Total current assets 1,296,769 685,901
Property and equipment, net 51,581 10,217
Goodwill 1,500,967 251,809
Intangible assets, net 1,025,448 136,890
Long-term equity investments 49,141 35,587
Investment in unconsolidated affiliates 30,288 0
Other assets 73,646 12,437
Total assets 4,027,840 1,132,841
Current Liabilities:    
Accounts payable 85,675 13,873
Accrued expenses and other current liabilities 196,313 33,970
Accrued purchase and contingent consideration 59,259 75,000
Notes payable 909 704
Convertible notes payable 893 2,950
Deferred revenue 37,822 8,029
Government grant liability 1,781 2,295
Total current liabilities 382,652 141,821
Notes payable, net of current portion 153 0
Accrued purchase and contingent consideration, net of current portion 208,905 0
Convertible notes payable, net of current portion 4,153 3,834
Government grant liability, net of current portion 1,945 1,362
Warrant liability 918,632 489,434
Deferred tax liability 87,473 14,531
Other long-term liabilities 53,184 10,244
Total liabilities 1,657,097 661,226
Commitments and contingencies
Temporary Equity    
Redeemable noncontrolling interests 0 29,796
Stockholders’ Equity    
Preferred stock Value 0 0
Common stock - par value $0.0001; 1,200,000,000 shares authorized at September 30, 2026 and December 31, 2025, 590,159,870 and 380,763,481 issued and outstanding at September 30, 2026 and December 31, 2025, respectively 58 38
Additional paid in capital 2,537,652 805,828
Accumulated other comprehensive income (loss) (14,155) 329
Accumulated deficit (156,250) (368,387)
Total Ondas Inc. stockholders’ equity 2,367,305 437,808
Noncontrolling interest 3,438 4,011
Total stockholders’ equity 2,370,743 441,819
Total liabilities, temporary equity, and stockholders’ equity 4,027,840 1,132,841
Series A Preferred Stock    
Stockholders’ Equity    
Preferred stock Value 0 0
Related Party    
Current Liabilities:    
Notes payable, related party 0 1,500
Convertible notes payable, related party $ 0 $ 3,500