Ondas Inc. (ONDS)

Ondas Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	657.91	550.74	29.96	14.98	29.78	40.82
Short-Term Investments	726.59	21.75	-	-	-	-
Cash & Short-Term Investments	1,384	572.49	29.96	14.98	29.78	40.82
Cash Growth	1949.04%	1810.99%	99.99%	-49.69%	-27.05%	56.62%
Accounts Receivable	117.4	25.53	5.43	4.25	0.1	1.21
Other Receivables	5.94	2.97	-	0.04	-	-
Receivables	123.34	28.49	5.43	4.29	2.1	1.21
Inventory	52.03	21.96	9.82	2.19	2.17	1.18
Prepaid Expenses	6.51	2.96	1.22	1.43	1.28	1.45
Restricted Cash	8.47	43.62	0.04	0.04	-	-
Other Current Assets	30.73	16.38	1.05	0.67	0.47	-
Total Current Assets	1,606	685.9	47.52	23.61	35.8	44.66
Property, Plant & Equipment	54.7	20.58	6.51	8.88	5.95	1.87
Long-Term Investments	76.08	35.59	-	-	1.5	0.5
Goodwill	661.36	251.81	27.75	27.75	25.61	45.03
Other Intangible Assets	583.27	136.89	27.18	31.33	28.86	25.17
Other Long-Term Assets	12.51	2.07	0.66	0.6	0.22	0.22
Total Assets	2,993	1,133	109.62	92.16	97.95	117.44

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	31.5	13.87	5.66	5.18	2.97	2.41
Accrued Expenses	88.93	26.6	4.33	3.59	2.61	0.43
Short-Term Debt	-	5.7	6.41	-	0.52	0.72
Current Portion of Long-Term Debt	2.28	2.95	31.95	25.69	15.85	-
Current Portion of Leases	7.01	3.08	1.12	0.69	0.58	0.55
Current Income Taxes Payable	4.7	4.3	0.39	-	-	-
Current Unearned Revenue	28.68	10.32	0.72	0.8	0.06	0.51
Other Current Liabilities	-	75	-	-	0.15	-
Total Current Liabilities	163.08	141.82	50.58	35.94	22.73	4.62
Long-Term Debt	4.13	3.83	15.87	3.11	14.5	0.3
Long-Term Leases	27.68	9.65	4.96	5.8	2.46	0.24
Long-Term Unearned Revenue	1.8	1.36	2.17	2.23	-	-
Long-Term Deferred Tax Liabilities	53.78	14.53	-	-	-	-
Other Long-Term Liabilities	1,167	490.03	0.1	11.95	0.04	0.04
Total Liabilities	1,418	661.23	73.68	59.03	39.72	5.21

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.05	0.04	0.01	0.01	0	0
Additional Paid-In Capital	1,662	805.83	252.94	231.49	211.73	192.5
Retained Earnings	-93.68	-368.39	-236.37	-198.36	-153.52	-80.27
Comprehensive Income & Other	1.41	0.33	-	-	-	-
Total Common Equity	1,570	437.81	16.58	33.14	58.22	112.23
Minority Interest	5.59	33.81	19.36	-	-	-
Shareholders' Equity	1,576	471.62	35.94	33.14	58.22	112.23
Total Liabilities & Equity	2,993	1,133	109.62	92.16	97.95	117.44

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	41.1	25.21	60.31	35.29	33.9	1.81
Net Cash (Debt)	1,343	547.29	-30.35	-20.31	-4.13	39
Net Cash Growth	2939.08%	-	-	-	-	116.27%
Net Cash Per Share	3.33	2.47	-0.43	-0.39	-0.10	1.14
Filing Date Shares Outstanding	570.55	467.13	105.73	65.56	49.06	40.99
Total Common Shares Outstanding	529.84	380.76	93.17	61.94	44.11	40.99
Working Capital	1,442	544.08	-3.06	-12.33	13.08	40.03
Book Value Per Share	2.96	1.15	0.18	0.53	1.32	2.74
Tangible Book Value	325.36	49.11	-38.35	-25.95	3.75	42.04
Tangible Book Value Per Share	0.61	0.13	-0.41	-0.42	0.09	1.03
Machinery	-	9.17	2.49	5.13	1.3	0.7
Construction In Progress	-	0.12	-	0.4	0.33	0.63
Leasehold Improvements	-	5.59	3.61	2.53	2.09	0.04

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 13, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 1, 2026

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