Ondas Inc. (ONDS)
NASDAQ: ONDS · Real-Time Price · USD
7.61
+0.57 (8.10%)
At close: Sep 2, 2026, 4:00 PM EDT
7.59
-0.02 (-0.26%)
After-hours: Sep 2, 2026, 7:29 PM EDT
Ondas Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 167.57 | -132.02 | -38.01 | -44.84 | -73.24 | -15.02 |
Depreciation & Amortization | 31.11 | 7.99 | 5.66 | 6.05 | 4.85 | 1.82 |
Other Amortization | 0.37 | 4.87 | 2.53 | 3.14 | 3.55 | 0.12 |
Loss (Gain) From Sale of Assets | -48.91 | - | 0 | - | - | - |
Asset Writedown & Restructuring Costs | - | 0.02 | 0.03 | 2.58 | 19.81 | 0.1 |
Loss (Gain) From Sale of Investments | -15.64 | -5.4 | - | 1.5 | - | - |
Stock-Based Compensation | 101.02 | 16.02 | 1.27 | 1.05 | 5.86 | 3.25 |
Provision & Write-off of Bad Debts | - | - | 0.99 | 1.05 | - | - |
Other Operating Activities | -294.71 | 82.17 | -0.11 | 0.43 | - | -3.49 |
Change in Accounts Receivable | -47.31 | -13.6 | -2.89 | -4.26 | 1.11 | -1.15 |
Change in Inventory | -17.52 | -4.84 | -5.47 | 1.48 | -0.99 | -0.13 |
Change in Accounts Payable | 6.93 | 4.46 | 1.16 | 1.24 | 0.55 | -0.09 |
Change in Unearned Revenue | -9.48 | 0.18 | 0.16 | -1.39 | -0.45 | 0.31 |
Change in Other Net Operating Assets | -34.29 | 1.44 | 1.21 | -2.04 | 0.99 | -2.62 |
Operating Cash Flow | -161.06 | -38.75 | -33.47 | -34.02 | -37.96 | -16.9 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -10.86 | -2.03 | -1.64 | -0.21 | -2.88 | -0.92 |
Sale of Property, Plant & Equipment | - | - | 0 | 0.05 | - | - |
Cash Acquisitions | -252.21 | -206.98 | - | 0.77 | -1 | -6.52 |
Sale (Purchase) of Intangibles | -0.11 | -0.11 | -0.1 | -0.07 | -0.05 | -0.1 |
Investment in Securities | -750.84 | -51.02 | - | - | -1 | -0.5 |
Other Investing Activities | -1.86 | - | - | - | -2 | -2.17 |
Investing Cash Flow | -1,023 | -260.13 | -1.73 | 0.54 | -6.93 | -10.21 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 0.24 | 1.42 | - | - | - |
Long-Term Debt Issued | - | 0.92 | 37 | 9.31 | 27.7 | - |
Total Debt Issued | 1.09 | 1.16 | 38.42 | 9.31 | 27.7 | - |
Short-Term Debt Repaid | - | -0.03 | - | - | - | - |
Long-Term Debt Repaid | - | - | - | -5.5 | - | -7.12 |
Total Debt Repaid | -0.38 | -0.03 | - | -5.5 | - | -7.12 |
Net Debt Issued (Repaid) | 0.72 | 1.13 | 38.42 | 3.81 | 27.7 | -7.12 |
Issuance of Common Stock | 1,780 | 861.51 | 7.36 | 0.04 | 6.16 | 52.98 |
Other Financing Activities | -0.77 | 0.01 | 0.02 | 0.18 | - | -4 |
Financing Cash Flow | 1,780 | 862.65 | 50.18 | 18.73 | 33.86 | 41.86 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 1.64 | 0.59 | - | - | - | - |
Net Cash Flow | 597.83 | 564.36 | 14.98 | -14.75 | -11.04 | 14.75 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -171.92 | -40.78 | -35.11 | -34.23 | -40.84 | -17.82 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -98.75% | -80.38% | -488.04% | -218.15% | -1921.33% | -613.02% |
Free Cash Flow Per Share | -0.43 | -0.18 | -0.50 | -0.65 | -0.97 | -0.52 |
Levered Free Cash Flow | -69.11 | 11.97 | -23.57 | -15.35 | -22.04 | -11.46 |
Unlevered Free Cash Flow | -67.9 | 11.22 | -23.84 | -15.89 | -23.24 | -11.22 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 0.04 | 0.04 | 0.02 | 0.18 | 0.01 | 1.04 |
Cash Income Tax Paid | 0.01 | 0.01 | - | - | - | - |
Change in Working Capital | -101.68 | -12.38 | -5.84 | -4.97 | 1.21 | -3.67 |