v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 657,906 $ 550,744
Restricted cash 8,472 43,615
Short-term investments 726,587 21,750
Accounts receivable, net 72,247 22,356
Inventory, net 52,034 21,963
Other current assets 88,326 25,473
Total current assets 1,605,572 685,901
Property and equipment, net 21,292 10,217
Goodwill 661,362 251,809
Intangible assets, net 583,268 136,890
Long-term equity investments 49,282 35,587
Investment in unconsolidated affiliates 26,802 0
Other assets 45,919 12,437
Total assets 2,993,497 1,132,841
Current Liabilities:    
Accounts payable 31,499 13,873
Accrued expenses and other current liabilities 83,449 33,970
Accrued purchase and contingent consideration 17,180 75,000
Notes payable 1,562 704
Convertible notes payable 718 2,950
Deferred revenue 26,834 8,029
Government grant liability 1,841 2,295
Total current liabilities 163,083 141,821
Notes payable, net of current portion 194 0
Accrued purchase and contingent consideration, net of current portion 116,896 0
Convertible notes payable, net of current portion 3,934 3,834
Government grant liability, net of current portion 1,804 1,362
Warrant liability 1,043,740 489,434
Deferred tax liability 53,779 14,531
Other long-term liabilities 34,490 10,244
Total liabilities 1,417,920 661,226
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 June 30, 2026 and December 31, 2025, 529,838,610 and 380,763,481 issued and outstanding at June 30, 2026 and December 31, 2025, respectively 52 38
Additional paid in capital 1,662,209 805,828
Accumulated other comprehensive income 1,414 329
Accumulated deficit (93,683) (368,387)
Total Ondas Inc. stockholders’ equity 1,569,992 437,808
Noncontrolling interest 5,585 4,011
Total stockholders’ equity 1,575,577 441,819
Total liabilities, temporary equity, and stockholders’ equity 2,993,497 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