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

- Company: Ondas Inc. (ONDS)
- Period: 2026-04-01 to 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-08-13, accession number 0001193125-26-349288
- Page: https://plicit.ai/financials/onds/fy2026-q2-cash-flow
- Chart image: https://plicit.ai/charts/onds-fy2026-q2-cash-flow-sankey.png

## Chart details

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.