v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 1,026,003 $ 550,744
Restricted cash 11,081 43,615
Short-term investments 447,842 21,750
Accounts receivable, net 45,295 22,356
Inventory, net 34,286 21,963
Other current assets 64,689 25,473
Total current assets 1,629,196 685,901
Property and equipment, net 11,508 10,217
Goodwill 381,838 251,809
Intangible assets, net 312,514 136,890
Long-term equity investments 42,340 35,587
Investment in unconsolidated affiliates 29,289
Other assets 32,685 12,437
Total assets 2,439,370 1,132,841
Current Liabilities:    
Accounts payable 16,697 13,873
Accrued expenses and other current liabilities 70,731 33,970
Accrued purchase and contingent consideration 39,621 75,000
Notes payable 243 704
Convertible note payable 528 2,950
Deferred revenue 19,627 8,029
Government grant liability 1,870 2,295
Total current liabilities 149,317 141,821
Notes payable, net of current portion 188
Accrued purchase and contingent consideration, net of current portion 88,481
Convertible notes payable, net of current portion 3,410 3,834
Government grant liability, net of current portion 1,586 1,362
Warrant liability 1,058,990 489,434
Deferred tax liability 48,292 14,531
Other long-term liabilities 8,791 10,244
Total liabilities 1,359,055 661,226
Commitments and Contingencies (Note 16)
Temporary Equity    
Redeemable noncontrolling interests 2,454 29,796
Stockholders’ Equity    
Preferred stock – par value $0.0001; 5,000,000 shares authorized at March 31, 2026 and December 31, 2025, and none issued or outstanding at March 31, 2026 and December 31, 2025
Series A Convertible Preferred stock – par value $0.0001; 5,000,000 shares authorized at March 31, 2026 and December 31, 2025, and none issued or outstanding at March 31, 2026 and December 31, 2025
Common stock – par value $0.0001; 800,000,000 shares authorized at March 31, 2026 and December 31, 2025; 469,062,109 and 380,763,481 issued and outstanding at March 31, 2026 and December 31, 2025, respectively 46 38
Additional paid in capital 1,079,757 805,828
Accumulated other comprehensive (loss) income (361) 329
Accumulated deficit (5,438) (368,387)
Total Ondas Inc. stockholders’ equity 1,074,004 437,808
Noncontrolling interest 3,857 4,011
Total stockholders’ equity 1,077,861 441,819
Total liabilities, temporary equity, and stockholders’ equity 2,439,370 1,132,841
Related Party    
Current Liabilities:    
Notes payable, related party 1,500
Convertible note payable, related party $ 3,500

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