Every 10-Q that Ondas Holdings Inc. (ONDS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ONDS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ONDS filings page.
Ondas Inc. reported sharply expanded scale for the six months ended June 30, 2026, driven by acquisitions and growth in its defense and critical infrastructure technology platform. Total revenue reached $133.9 million, up from $10.5 million a year earlier, with product, service, and development revenues all contributing and significant exposure to Israel and European markets.
Profitability remains challenging. The company recorded a year‑to‑date operating loss of $205.6 million, largely from higher general and administrative, sales and marketing, and R&D expenses, plus a $19.2 million increase in the fair value of contingent consideration. A large non‑cash gain from remeasurement of a $1.04 billion warrant liability and related items produced net income of $271.6 million, masking underlying operating losses.
Liquidity strengthened significantly. Cash and cash equivalents were $657.9 million, short‑term investments were $726.6 million, and total assets rose to $3.0 billion, backed by major equity financings of $959.1 million and stock‑based acquisition consideration. Operating activities used $137.4 million of cash, reflecting the high investment phase of the business.
Ondas Inc. reported a sharp step-change in scale for the quarter ended March 31, 2026. Revenue rose to $50.1 million from $4.2 million a year earlier, driven mainly by acquisitions in autonomous systems and defense technologies. Product revenue was $38.4 million, with strong contributions from Israel, Europe and Asia.
The company posted net income attributable to stockholders of $361.7 million, compared with a prior-year loss, largely due to a $389.5 million gain from the change in fair value of warrant liabilities and a $51.5 million gain on deconsolidation of Ondas Networks. Core operations remained loss-making, with an operating loss of $42.7 million. Ondas aggressively expanded through the acquisitions of Bird Aerosystems, Rotron Aerospace and Indo-related assets, adding significant goodwill and intangibles, while financing activities raised about $959.1 million from common stock and warrants, boosting cash and short-term investments to over $1.4 billion.
Ondas Holdings (ONDS) reported Q3 2025 results showing sharp top-line growth and a materially stronger balance sheet. Revenue reached $10.1 million, up from $1.5 million a year ago, with gross profit of $2.6 million. Operating loss was $15.5 million, while other income included an unrealized gain on investments of $6.9 million and $2.0 million of interest income, resulting in a net loss attributable to common stockholders of $8.8 million versus $10.7 million in the prior-year quarter.
Cash ended strong at $432.8 million (cash, cash equivalents and restricted cash of $433.4 million), driven primarily by equity financings; cash provided by financing activities was $448.2 million year-to-date. Total assets were $550.2 million against total liabilities of $39.8 million, and convertible notes declined significantly from year-end, reflecting conversions. For the first nine months, revenue was $20.6 million versus $3.1 million last year. Q3 revenue was concentrated, with one customer representing 90% and Israel accounting for $9.36 million of quarterly revenue. The company also closed the acquisition of Apeiro Motion Ltd. on August 31, 2025.
Ondas Holdings reported a sharp revenue increase for the quarter ended June 30, 2025 with net revenue of $6.27 million versus $0.96 million a year earlier, producing a quarterly gross profit of $3.33 million. For the six months, revenue was $10.52 million versus $1.58 million in 2024, but the business remained unprofitable with a six-month net loss of $24.89 million and operating losses driven by elevated R&D and G&A spending.
The balance sheet strengthened materially: cash and restricted cash totaled $68.55 million and working capital was about $59.72 million, after net proceeds of $42.68 million from a registered public offering and $9.96 million from option/warrant exercises. Management concludes that substantial doubt about the company’s ability to continue as a going concern no longer exists as of the issuance date.
Key risks disclosed include a large accumulated deficit of $261.25 million, material customer concentration (three customers comprised majority of revenue in the period), significant unprotected cash balances above FDIC limits, and continued quarterly operating losses.