For the year ending 2025-12-31, ONDS has $1,132,841,000 in assets. $661,226,000 in debts. $550,744,000 in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash | - | 29,958,106 | - | - |
| Cash and cash equivalents | 550,744,000 | - | - | 29,775,096 |
| Cash | - | - | 14,979,436 | - |
| Restricted cash | 43,615,000 | 41,215 | 42,564 | - |
| Short-term investments | 21,750,000 | - | - | - |
| Accounts receivable, net | 22,356,000 | 5,223,182 | 3,429,974 | 104,276 |
| Inventory, net | 21,963,000 | 9,821,692 | 2,186,646 | 2,173,017 |
| Note receivable | - | - | - | 2,000,000 |
| Other current assets | 25,473,000 | 2,476,356 | 2,967,619 | 1,749,613 |
| Total current assets | 685,901,000 | 47,520,551 | 23,606,239 | 35,802,002 |
| Property and equipment gross | 14,871,000 | 6,100,888 | - | - |
| Less accumulated depreciation | 4,654,000 | 3,514,197 | - | - |
| Property and equipment, net | 10,217,000 | 2,586,691 | 4,175,958 | 3,099,887 |
| Goodwill, net of accumulated impairment charges | 251,809,000 | 27,751,921 | 27,751,921 | 25,606,983 |
| Intangible assets, net | 136,890,000 | 27,178,057 | 31,329,182 | 28,787,171 |
| Long-term equity investments | 35,587,000 | - | - | 1,500,000 |
| Lease deposits | - | - | 599,517 | 218,206 |
| Deposits and other assets | - | 663,073 | - | - |
| Operating lease right of use assets | - | 3,921,995 | 4,701,865 | 2,930,996 |
| Total other assets | - | 59,515,046 | - | - |
| Other assets | 12,437,000 | - | 64,382,485 | 59,043,356 |
| Total assets | 1,132,841,000 | 109,622,288 | 92,164,682 | 97,945,245 |
| Accounts payable | 13,873,000 | 5,659,643 | 5,177,022 | 2,965,829 |
| Operating lease liabilities | - | 1,121,565 | 685,099 | 580,593 |
| Accrued expenses and other current liabilities | 33,970,000 | 4,719,214 | 3,587,877 | 3,092,364 |
| Accrued purchase consideration | 75,000,000 | - | - | - |
| Notes payable, net of unamortized debt discount and issuance costs of 0 and 227, respectively, related party | 1,500,000 | 1,273,215 | - | - |
| Notes payable | 704,000 | - | - | - |
| Convertible note payable, net of unamortized debt discount and issuance cost of 362,237 and 0, respectively, related party | - | 5,137,763 | - | - |
| Convertible note payable, net of unamortized debt discount and issuance cost of 0 and 362, respectively, related party | 3,500,000 | - | - | - |
| Convertible note payable, net of debt discount and issuance cost of 1,968,411 and 2,303,664, respectively | - | - | 25,692,505 | 14,901,244 |
| Convertible note payable, net of debt discount and issuance cost of 0 and 5,236, respectively | 2,950,000 | 31,947,445 | - | - |
| Deferred revenue | 8,029,000 | 329,025 | 276,944 | 61,508 |
| Government grant liability | 2,295,000 | 388,752 | 520,657 | - |
| Total current liabilities | 141,821,000 | 50,576,622 | 35,940,104 | 21,601,538 |
| Notes payable | - | - | 300,000 | 300,000 |
| Notes payable | - | 300,000 | - | 15,146,891 |
| Convertible notes payable, net of current, net of unamortized debt discount and issuance cost of 1,681,784 and 391,718, respectively | - | 15,568,216 | 2,812,156 | - |
| Accrued interest | - | 20,041 | - | - |
| Convertible notes payable, net of current portion, net of unamortized debt discount and issuance cost of 0 and 1,682, respectively | 3,834,000 | - | - | - |
| Accrued interest | - | - | 26,844 | 217,594 |
| Government grant liability, net of current portion | 1,362,000 | 2,168,430 | - | - |
| Government grant liability net of current | - | - | 2,229,047 | - |
| Warrant liability | 489,434,000 | - | - | - |
| Operating lease liabilities, net of current | - | 4,961,967 | 5,800,710 | 2,456,315 |
| Deferred tax liability | 14,531,000 | - | - | - |
| Other long-term liabilities | 10,244,000 | 82,500 | - | - |
| Total long-term liabilities | - | 23,101,154 | 11,168,757 | 18,120,800 |
| Total liabilities | 661,226,000 | 73,677,776 | 47,108,861 | 39,722,338 |
| Redeemable noncontrolling interest | 29,796,000 | 19,361,205 | 11,920,694 | - |
| Common stock par value 0.0001 800,000,000 and 300,000,000 shares authorized at december 31, 2025 and 2024, respectively 380,763,481 and 93,173,191 issued and outstanding at december 31, 2025 and december 31, 2024, respectively | 38,000 | 9,317 | 6,194 | 4,411 |
| Additional paid in capital | 805,828,000 | 252,941,813 | 231,488,999 | 211,733,690 |
| Accumulated other comprehensive income | 329,000 | - | - | - |
| Accumulated deficit | -368,387,000 | -236,367,823 | -198,360,066 | -153,515,194 |
| Total ondas inc. stockholders equity | 437,808,000 | 16,583,307 | 33,135,127 | - |
| Noncontrolling interest | 4,011,000 | - | - | - |
| Total stockholders equity | 441,819,000 | - | - | - |
| Total liabilities and stockholders equity | 1,132,841,000 | 109,622,288 | 92,164,682 | 97,945,245 |
Ondas Inc. (ONDS)
Ondas Inc. (ONDS)