Ondas Inc. (ONDS) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

Swipe to see the full flow
Ondas Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Proceeds from exercise of options and warrants → financing reconciliation: $2,174,000.00Proceeds from notes payable and convertible notes payable, net of issuance costs → financing reconciliation: $855,000.00financing reconciliation → Net cash from financing activities: $2,936,000.00financing reconciliation → Payments on government grant liability: $52,000.00financing reconciliation → Payments on notes payable: $41,000.00Remaining investing cash flows, net (calculated) → investing reconciliation: $66,427,000.00investing reconciliation → Purchases of short-term investments: $309,889,000.00investing reconciliation → Proceeds from sale of short-term investments: $17,427,000.00investing reconciliation → Cash paid for acquisition, net of cash acquired: $13,463,000.00investing reconciliation → Purchase of property and equipment: $7,761,000.00investing reconciliation → Purchase of long-term equity investments: $4,950,000.00investing reconciliation → All other investing activities: $1,825,000.00Net cash used in operating activities → operating reconciliation: $86,081,000.00Stock-based compensation → operating reconciliation: $69,095,000.00Amortization of intangible assets → operating reconciliation: $18,641,000.00Gain on deconsolidation of subsidiary → operating reconciliation: $2,619,000.00Other liabilities → operating reconciliation: $2,107,000.00Accounts payable → operating reconciliation: $1,865,000.00Depreciation → operating reconciliation: $934,000.00Other current assets → operating reconciliation: $727,000.00Noncash interest expense → operating reconciliation: $469,000.00Change in fair value of government grant liability → operating reconciliation: $182,000.00Gain on disposal of equipment → operating reconciliation: $33,000.00operating reconciliation → Net (loss) income: $89,695,000.00operating reconciliation → Accounts receivable: $22,149,000.00operating reconciliation → Remaining operating cash flows, net (calculated): $16,069,000.00operating reconciliation → Change in fair value of warrant liability: $15,250,000.00operating reconciliation → Accrued expenses and other current liabilities: $12,922,000.00operating reconciliation → Unrealized gains on investments: $12,416,000.00operating reconciliation → Inventory: $9,921,000.00operating reconciliation → Deferred revenue: $3,962,000.00operating reconciliation → Deposits and other assets: $250,000.00operating reconciliation → Amortization of right of use asset: $81,000.00operating reconciliation → Operating lease liability: $38,000.00Net cash used in investing activities → investing reconciliation: $288,888,000.00Exchange-rate effect → Cash sources and uses: $1,327,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,037,084,000.00Net cash from financing activities → Cash sources and uses: $2,936,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $666,378,000.00Cash sources and uses → Net cash used in investing activities: $288,888,000.00Cash sources and uses → Net cash used in operating activities: $86,081,000.00Net (loss) income: -$89,695,000.00Net (loss) income−$89.70 MDepreciation: $934,000.00Depreciation & amortization+$934.00 KAmortization of intangible assets: $18,641,000.00Intangible amortization+$18.64 MAmortization of right of use asset: -$81,000.00Operating lease amortization−$81.00 KNoncash interest expense: $469,000.00Other non-cash expenses+$469.00 KChange in fair value of warrant liability: -$15,250,000.00Warrant fair value−$15.25 MChange in fair value of government grant liability: $182,000.00Government grant liability FV+$182.00 KStock-based compensation: $69,095,000.00Stock-based compensation+$69.10 MAccounts payable: $1,865,000.00Accounts payable+$1.87 MAccrued expenses and other current liabilities: -$12,922,000.00Accrued & other liabilities−$12.92 MDeferred revenue: -$3,962,000.00Unearned revenue−$3.96 MOperating lease liability: -$38,000.00Operating lease liabilities−$38.00 KOther liabilities: $2,107,000.00Other operating liabilities+$2.11 MUnrealized gains on investments: -$12,416,000.00Investment value change−$12.42 MGain on disposal of equipment: $33,000.00PP&E disposal gain & loss+$33.00 KGain on deconsolidation of subsidiary: $2,619,000.00Subsidiary sale gain & loss+$2.62 MLoss on acquisition of variable interest entity: -$0.00Accounts receivable: -$22,149,000.00Accounts receivable−$22.15 MInventory: -$9,921,000.00Inventories−$9.92 MOther current assets: $727,000.00Other current assets+$727.00 KDeposits and other assets: -$250,000.00Prepaid & other assets−$250.00 KRemaining operating cash flows, net (calculated): -$16,069,000.00Remaining operating (calculated)−$16.07 MNet cash used in operating activities: -$86,081,000.00. Cash required to fund net payments.Operating cash−$86.08 Moperating reconciliation: $182,753,000.00Proceeds from exercise of options and warrants: $2,174,000.00Warrants issued+$2.17 MProceeds from sale of common stock and warrants, net of issuance costs: $0.00Proceeds from notes payable and convertible notes payable, net of issuance costs: $855,000.00Convertible debt issued+$855.00 KProceeds from government grant: $0.00Payments on notes payable: -$41,000.00Notes payable repaid−$41.00 KPayments on government grant liability: -$52,000.00Gov't grant liability repaid−$52.00 KNet cash from financing activities: $2,936,000.00Financing cash+$2.94 Mfinancing reconciliation: $3,029,000.00Proceeds from sale of short-term investments: -$17,427,000.00Short-term investment sales−$17.43 MPurchase of property and equipment: -$7,761,000.00PP&E purchases−$7.76 MPurchase of long-term equity investments: -$4,950,000.00Equity securities purchases−$4.95 MPurchases of short-term investments: -$309,889,000.00Short-term investment purchases−$309.89 MCash paid for acquisition, net of cash acquired: -$13,463,000.00Deferred purchase price paid−$13.46 MDeconsolidation of subsidiary cash: -$0.00All other investing activities: -$1,825,000.00Other investing, net−$1.83 MRemaining investing cash flows, net (calculated): $66,427,000.00Remaining investing (calculated)+$66.43 MNet cash used in investing activities: -$288,888,000.00. Cash required to fund net payments.Investing cash−$288.89 Minvesting reconciliation: $355,315,000.00Cash sources and uses: $1,041,347,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,037,084,000.00Beginning cash$1.04 BEnding cash: Cash, cash equivalents, and restricted cash: $666,378,000.00Ending cash$666.38 MExchange-rate effect: $1,327,000.00FX effect+$1.33 MCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsNet loss −$89.70M + net operating adjustments $3.61M = operating cash −$86.08MFree cash flow−$93.84 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change−$370.71 MEnding cash − beginning cash
Chart details

Ondas Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
1,037,084,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 86,081,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the operating total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Deferred tax liability), so Change in fair value of investment in affiliate, Change in fair value of note receivable from affiliate, Accretion of discounts on investments, net, Amortization of debt discount and issuance cost, Gain on acquisition consideration, Change in fair value of contingent consideration, Loss on intellectual property, Income from equity method investments, Deferred income taxes and Realized gains on investments cannot be separated for this quarter. It may combine inflows and outflows.
Net (loss) income
negative 89,695,000 US dollars
Depreciation
934,000 US dollars
Amortization of intangible assets
18,641,000 US dollars
Amortization of right of use asset
negative 81,000 US dollars
Noncash interest expense
469,000 US dollars
Change in fair value of warrant liability
negative 15,250,000 US dollars
Change in fair value of government grant liability
182,000 US dollars
Stock-based compensation
69,095,000 US dollars
Accounts payable
1,865,000 US dollars
Accrued expenses and other current liabilities
negative 12,922,000 US dollars
Deferred revenue
negative 3,962,000 US dollars
Operating lease liability
negative 38,000 US dollars
Other liabilities
2,107,000 US dollars
Unrealized gains on investments
negative 12,416,000 US dollars
Gain on disposal of equipment
33,000 US dollars
Gain on deconsolidation of subsidiary
2,619,000 US dollars
Loss on acquisition of variable interest entity
0 US dollars
Accounts receivable
negative 22,149,000 US dollars
Inventory
negative 9,921,000 US dollars
Other current assets
727,000 US dollars
Deposits and other assets
negative 250,000 US dollars
Remaining operating cash flows, net (calculated)
negative 16,069,000 US dollars
Investing activities
negative 288,888,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the investing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Proceeds from sale of property and equipment), so Maturities of short-term investments cannot be separated for this quarter. It may combine inflows and outflows.
Proceeds from sale of short-term investments
negative 17,427,000 US dollars
Purchase of property and equipment
negative 7,761,000 US dollars
Purchase of long-term equity investments
negative 4,950,000 US dollars
Purchases of short-term investments
negative 309,889,000 US dollars
Cash paid for acquisition, net of cash acquired
negative 13,463,000 US dollars
Deconsolidation of subsidiary cash
0 US dollars
All other investing activities
negative 1,825,000 US dollars
Remaining investing cash flows, net (calculated)
66,427,000 US dollars
Financing activities
2,936,000 US dollars. Net cash provided.
Proceeds from exercise of options and warrants
2,174,000 US dollars
Proceeds from sale of common stock and warrants, net of issuance costs
0 US dollars
Proceeds from notes payable and convertible notes payable, net of issuance costs
855,000 US dollars
Proceeds from government grant
0 US dollars
Payments on notes payable
negative 41,000 US dollars
Payments on government grant liability
negative 52,000 US dollars
Operating adjustment reconciliation
182,753,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
financing gross reconciliation
3,029,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing displayed reconciliation
355,315,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
Exchange-rate effect
1,327,000 US dollars
Ending cash on Jun 30, 2026
666,378,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,041,347,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 370,706,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
negative 86,081,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
7,761,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 93,842,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$89.70M + net operating adjustments $3.61M = operating cash −$86.08M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Cash-flow net income is −$89,695.00 K, derived by subtracting the earlier cumulative period; the income statement reports −$89,696.00 K for the same period. The $1.00 K difference is rounding: the filing reports each amount rounded to the nearest thousand dollars, and the quarter is the difference of two rounded year-to-date amounts. Neither amount has been adjusted.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 86,081,000 US dollars minus 7,761,000 US dollars equals negative 93,842,000 US dollars.
  • Cash-flow net income is −$89,695.00 K, derived by subtracting the earlier cumulative period; the income statement reports −$89,696.00 K for the same period. The $1.00 K difference is rounding: the filing reports each amount rounded to the nearest thousand dollars, and the quarter is the difference of two rounded year-to-date amounts. Neither amount has been adjusted.
Ondas Inc. (ONDS) FY2026 Q2 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!