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

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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Ondas Inc. cash flow reconciliation, Jan 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. 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 sale of common stock and warrants, net of issuance costs → financing reconciliation: $959,104,000.00Proceeds from exercise of options and warrants → financing reconciliation: $12,213,000.00Proceeds from notes payable and convertible notes payable, net of issuance costs → financing reconciliation: $855,000.00financing reconciliation → Net cash from financing activities: $971,401,000.00financing reconciliation → Payments on government grant liability: $425,000.00financing reconciliation → Payments on notes payable: $346,000.00Maturities of short-term investments → investing reconciliation: $66,537,000.00Proceeds from sale of short-term investments → investing reconciliation: $5,720,000.00investing reconciliation → Purchases of short-term investments: $762,127,000.00investing reconciliation → Cash paid for acquisition, net of cash acquired: $45,233,000.00investing reconciliation → Purchase of long-term equity investments: $9,950,000.00investing reconciliation → Purchase of property and equipment: $9,093,000.00investing reconciliation → Deconsolidation of subsidiary cash: $7,011,000.00investing reconciliation → All other investing activities: $1,898,000.00Net cash used in operating activities → operating reconciliation: $137,379,000.00Net (loss) income → operating reconciliation: $271,555,000.00Stock-based compensation → operating reconciliation: $88,753,000.00Loss on acquisition of variable interest entity → operating reconciliation: $46,150,000.00Amortization of intangible assets → operating reconciliation: $24,263,000.00Change in fair value of contingent consideration → operating reconciliation: $19,234,000.00Accrued expenses and other current liabilities → operating reconciliation: $2,692,000.00Change in fair value of investment in affiliate → operating reconciliation: $2,487,000.00Other liabilities → operating reconciliation: $2,120,000.00Depreciation → operating reconciliation: $1,603,000.00Accounts payable → operating reconciliation: $1,577,000.00Accretion of discounts on investments, net → operating reconciliation: $1,219,000.00Noncash interest expense → operating reconciliation: $852,000.00Amortization of right of use asset → operating reconciliation: $308,000.00Change in fair value of government grant liability → operating reconciliation: $286,000.00operating reconciliation → Change in fair value of warrant liability: $404,798,000.00operating reconciliation → Gain on deconsolidation of subsidiary: $48,834,000.00operating reconciliation → Accounts receivable: $33,875,000.00operating reconciliation → Other current assets: $31,607,000.00operating reconciliation → Deferred income taxes: $30,068,000.00operating reconciliation → Inventory: $14,050,000.00operating reconciliation → Deposits and other assets: $10,508,000.00operating reconciliation → Unrealized gains on investments: $9,799,000.00operating reconciliation → Deferred revenue: $6,617,000.00operating reconciliation → Gain on acquisition consideration: $6,182,000.00operating reconciliation → Realized gains on investments: $2,925,000.00operating reconciliation → Operating lease liability: $631,000.00operating reconciliation → Change in fair value of note receivable from affiliate: $305,000.00operating reconciliation → Income from equity method investments: $202,000.00operating reconciliation → Gain on disposal of equipment: $77,000.00Net cash used in investing activities → investing reconciliation: $763,055,000.00Exchange-rate effect → Cash sources and uses: $1,052,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $594,359,000.00Net cash from financing activities → Cash sources and uses: $971,401,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $666,378,000.00Cash sources and uses → Net cash used in investing activities: $763,055,000.00Cash sources and uses → Net cash used in operating activities: $137,379,000.00Net (loss) income: $271,555,000.00Net (loss) income+$271.56 MDepreciation: $1,603,000.00Depreciation & amortization+$1.60 MRealized gains on investments: -$2,925,000.00Realized investment gain & loss−$2.93 MAmortization of debt discount and issuance cost: $0.00Amortization of intangible assets: $24,263,000.00Intangible amortization+$24.26 MAmortization of right of use asset: $308,000.00Operating lease amortization+$308.00 KNoncash interest expense: $852,000.00Other non-cash expenses+$852.00 KIncome from equity method investments: -$202,000.00Equity-method results−$202.00 KLoss on intellectual property: $0.00Change in fair value of warrant liability: -$404,798,000.00Warrant fair value−$404.80 MChange in fair value of note receivable from affiliate: -$305,000.00Affiliate note FV change−$305.00 KChange in fair value of investment in affiliate: $2,487,000.00Affiliate investment FV change+$2.49 MChange in fair value of contingent consideration: $19,234,000.00Contingent consideration change+$19.23 MDeferred income taxes: -$30,068,000.00Deferred tax balances−$30.07 MChange in fair value of government grant liability: $286,000.00Government grant liability FV+$286.00 KStock-based compensation: $88,753,000.00Stock-based compensation+$88.75 MAccounts payable: $1,577,000.00Accounts payable+$1.58 MAccrued expenses and other current liabilities: $2,692,000.00Accrued & other liabilities+$2.69 MDeferred revenue: -$6,617,000.00Unearned revenue−$6.62 MOperating lease liability: -$631,000.00Operating lease liabilities−$631.00 KOther liabilities: $2,120,000.00Other operating liabilities+$2.12 MUnrealized gains on investments: -$9,799,000.00Investment value change−$9.80 MAccretion of discounts on investments, net: $1,219,000.00Investment discount & premium+$1.22 MGain on disposal of equipment: -$77,000.00PP&E disposal gain & loss−$77.00 KGain on acquisition consideration: -$6,182,000.00Acquisition consideration gain−$6.18 MGain on deconsolidation of subsidiary: -$48,834,000.00Subsidiary sale gain & loss−$48.83 MLoss on acquisition of variable interest entity: $46,150,000.00VIE acquisition loss+$46.15 MAccounts receivable: -$33,875,000.00Accounts receivable−$33.88 MInventory: -$14,050,000.00Inventories−$14.05 MOther current assets: -$31,607,000.00Other current assets−$31.61 MDeposits and other assets: -$10,508,000.00Prepaid & other assets−$10.51 MNet cash used in operating activities: -$137,379,000.00. Cash required to fund net payments.Operating cash−$137.38 Moperating reconciliation: $600,478,000.00Proceeds from exercise of options and warrants: $12,213,000.00Warrants issued+$12.21 MProceeds from sale of common stock and warrants, net of issuance costs: $959,104,000.00Common stock issued+$959.10 MProceeds 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: -$346,000.00Notes payable repaid−$346.00 KPayments on government grant liability: -$425,000.00Gov't grant liability repaid−$425.00 KNet cash from financing activities: $971,401,000.00Financing cash+$971.40 Mfinancing reconciliation: $972,172,000.00Proceeds from sale of short-term investments: $5,720,000.00Short-term investment sales+$5.72 MPurchase of property and equipment: -$9,093,000.00PP&E purchases−$9.09 MPurchase of long-term equity investments: -$9,950,000.00Equity securities purchases−$9.95 MPurchases of short-term investments: -$762,127,000.00Short-term investment purchases−$762.13 MMaturities of short-term investments: $66,537,000.00Short-term investment maturities+$66.54 MCash paid for acquisition, net of cash acquired: -$45,233,000.00Deferred purchase price paid−$45.23 MDeconsolidation of subsidiary cash: -$7,011,000.00Deconsolidated subsidiary cash−$7.01 MAll other investing activities: -$1,898,000.00Other investing, net−$1.90 MNet cash used in investing activities: -$763,055,000.00. Cash required to fund net payments.Investing cash−$763.06 Minvesting reconciliation: $835,312,000.00Cash sources and uses: $1,566,812,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $594,359,000.00Beginning cash$594.36 MEnding cash: Cash, cash equivalents, and restricted cash: $666,378,000.00Ending cash$666.38 MExchange-rate effect: $1,052,000.00FX effect+$1.05 MCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsFree cash flow−$146.47 MOperating cash − cash spent on PP&ECash flow / Net income−0.51×Operating cash flow ÷ net incomeNet cash change+$72.02 MEnding cash − beginning cash
Chart details

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

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. 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 Dec 31, 2025
594,359,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 137,379,000 US dollars. Net cash used.
Net (loss) income
271,555,000 US dollars
Depreciation
1,603,000 US dollars
Realized gains on investments
negative 2,925,000 US dollars
Amortization of debt discount and issuance cost
0 US dollars
Amortization of intangible assets
24,263,000 US dollars
Amortization of right of use asset
308,000 US dollars
Noncash interest expense
852,000 US dollars
Income from equity method investments
negative 202,000 US dollars
Loss on intellectual property
0 US dollars
Change in fair value of warrant liability
negative 404,798,000 US dollars
Change in fair value of note receivable from affiliate
negative 305,000 US dollars
Change in fair value of investment in affiliate
2,487,000 US dollars
Change in fair value of contingent consideration
19,234,000 US dollars
Deferred income taxes
negative 30,068,000 US dollars
Change in fair value of government grant liability
286,000 US dollars
Stock-based compensation
88,753,000 US dollars
Accounts payable
1,577,000 US dollars
Accrued expenses and other current liabilities
2,692,000 US dollars
Deferred revenue
negative 6,617,000 US dollars
Operating lease liability
negative 631,000 US dollars
Other liabilities
2,120,000 US dollars
Unrealized gains on investments
negative 9,799,000 US dollars
Accretion of discounts on investments, net
1,219,000 US dollars
Gain on disposal of equipment
negative 77,000 US dollars
Gain on acquisition consideration
negative 6,182,000 US dollars
Gain on deconsolidation of subsidiary
negative 48,834,000 US dollars
Loss on acquisition of variable interest entity
46,150,000 US dollars
Accounts receivable
negative 33,875,000 US dollars
Inventory
negative 14,050,000 US dollars
Other current assets
negative 31,607,000 US dollars
Deposits and other assets
negative 10,508,000 US dollars
Investing activities
negative 763,055,000 US dollars. Net cash used.
Proceeds from sale of short-term investments
5,720,000 US dollars
Purchase of property and equipment
negative 9,093,000 US dollars
Purchase of long-term equity investments
negative 9,950,000 US dollars
Purchases of short-term investments
negative 762,127,000 US dollars
Maturities of short-term investments
66,537,000 US dollars
Cash paid for acquisition, net of cash acquired
negative 45,233,000 US dollars
Deconsolidation of subsidiary cash
negative 7,011,000 US dollars
All other investing activities
negative 1,898,000 US dollars
Financing activities
971,401,000 US dollars. Net cash provided.
Proceeds from exercise of options and warrants
12,213,000 US dollars
Proceeds from sale of common stock and warrants, net of issuance costs
959,104,000 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 346,000 US dollars
Payments on government grant liability
negative 425,000 US dollars
Operating adjustment reconciliation
600,478,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
972,172,000 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 gross reconciliation
835,312,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
1,052,000 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
1,566,812,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
72,019,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
−0.51×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
negative 137,379,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
9,093,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 146,472,000 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 income or operating cash is negative. The full signed reconciliation is retained: losses remain deductions, and any negative operating-cash total enters the junction from the cash pool. No positive direct-income connection is implied.
  • 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.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 137,379,000 US dollars minus 9,093,000 US dollars equals negative 146,472,000 US dollars.
Ondas Inc. (ONDS) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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