Can Ondas, Inc. cover its short-term obligations?

Its current ratio is 10.91 — current assets exceed current liabilities.

Where does Ondas, Inc. 's balance sheet data come from?

Every line is extracted from Ondas, Inc. 's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Ondas, Inc. ONDS Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Cash and cash equivalents	$1.04B+3,989%	$594.36M+1,884%	$433.39M+15,200%	$68.55M+1,289%	$25.36M+73.8%
Short-term investments	$447.84M—	$21.75M—	$917.57K—	——	——
Restricted cash	$11.08M+23,926%	$43.62M+106,278%	$576.58K+1,315%	$983.32K+2,335%	$46.12K-99.7%
Accounts receivable, net	$45.3M+2,267%	$22.36M+328%	$5.22M+81.6%	$5.38M+135%	$1.91M-10.0%
Inventories	$34.29M+225%	$21.96M+124%	$12.52M+41.0%	$11.19M+126%	$10.55M+181%
Raw materials	$23.03M+307%	$14.15M+225%	$6.03M+45.3%	$4.43M+95.4%	$5.66M+162%
Work in process	$6.77M+1,931%	$1.47M+380%	$1.77M+403%	$2.6M+769%	$333.5K-41.5%
Finished goods	$5.47M+14.6%	$7.99M+48.5%	$4.95M+10.5%	$4.39M+76.2%	$4.77M+324%
Prepaid expenses and other current assets	$3.9M+1,440%	$1.54M+347%	$554.54K+41.4%	$287.8K-39.9%	$253.06K-61.2%
Income taxes receivable	$5.81M—	$9.55M+18,267%	$384.98K—	——	——
Contract assets	$15.98M—	$3.17M+1,439%	$3.74M—	$2.25M—	——
Derivative assets	$1.06B—	$489.43M—	——	——	——
Total current assets	$1.63B+3,654%	$685.9M+1,343%	$478.88M+2,689%	$91.21M+505%	$43.4M+84.6%
Property and equipment, net	$11.51M+347%	$10.22M+295%	$2.6M-5.1%	$2.48M-54.8%	$2.58M-46.8%
Accumulated depreciation	-$23.43M-734%	$4.65M+32.4%	$4.23M+26.7%	$3.88M-18.8%	$3.69M-13.9%
Operating lease right-of-use assets	——	6.6%-2.6%	8.8%-1.1%	8.6%-1.4%	9.3%-0.7%
Goodwill	$381.84M+1,276%	$251.81M+807%	$34.77M+25.3%	$27.75M0.0%	$27.75M0.0%
Intangible assets, net	$312.51M+1,096%	$136.89M+404%	$28.12M—	$25.08M—	$26.14M—
Other non-current assets	$2.3M-96.1%	$12.44M+171%	$68.68M+14.0%	$58.26M-6.0%	$58.63M-7.3%
Equity method investments	$42.34M—	$35.59M—	$587.25K—	——	——
Total investment securities	$20.3M—	——	——	——	——
Total assets	$2.44B+2,232%	$1.13B+933%	$550.15M+586%	$1.25-100.0%	$104.6M+14.2%
Accounts payable	$16.7M+271%	$13.87M+145%	$8.38M+108%	$4.77M+11.6%	$4.5M-19.3%
Accrued expenses	$17.18M+90,513%	$2.97M+343%	$23.17K+9.0%	$19.85K-11.5%	$18.96K-89.9%
Deferred revenue	$19.63M+644%	$8.03M+2,340%	$2.1M+369%	$3.36M+1,079%	$2.64M+473%
Operating lease liabilities, current	$3.5M+181%	$3.08M+174%	$1.64M+112%	$1.52M+121%	$1.24M+84.6%
Short-term borrowings	$528K-98.2%	$2.95M-90.8%	$4.11M-85.2%	$9.22M—	$29.15M—
Contract liabilities	$205K-56.6%	$8.5M+2,484%	——	——	$472K+2.6%
Income taxes payable	$3.24M—	$4.3M+1,017%	$549.49K—	——	——
Accrued interest	$8K—	$721K-56.9%	$711.87K-48.3%	$629.75K-44.1%	——
Total current liabilities	$149.32M+196%	$141.82M+180%	$31.31M-20.8%	$31.49M-16.9%	$50.42M+32.9%
Operating lease liabilities, non-current	$8.49M+73.5%	$9.65M+94.4%	$5.01M-4.6%	$5.31M-5.7%	$4.89M-14.6%
Operating Lease Liabilities (Total)	$11.98M+95.3%	$12.72M+109%	$6.65M+10.3%	$6.84M+8.1%	$6.14M-4.2%
Other non-current liabilities	$8.79M+10,556%	$10.24M+102%	$99.88K+21.1%	$82.5K0.0%	$82.5K0.0%
Senior unsecured notes, net	$10.4M—	——	——	——	——
Total liabilities	$1.19B+1,954%	$3.66M+43.0%	$39.78M-15.5%	$39.29M-14.8%	$57.95M+20.9%
Common stock	800M+167%	800M+167%	400M+33.3%	400M+33.3%	300M0.0%
Additional paid-in capital	$1.08B+290%	$805.83M+219%	$754.77M+213%	$352.05M+49.2%	$276.57M+17.2%
Retained earnings	-$5.44M+97.8%	-$368.39M-55.9%	-$268.72M-18.9%	-$261.25M-20.7%	-$250.5M-20.3%
Accumulated other comprehensive income (loss)	-$361K—	$329K—	——	——	——
Redeemable noncontrolling interests	$2.45M-88.1%	$29.8M+53.9%	$23.15M+27.4%	$21.84M+28.2%	$20.57M+29.2%
Noncontrolling interests	$3.86M—	$4.01M—	$334K—	——	——
Total stockholders' equity	$1.07B+4,018%	$437.81M+2,540%	$486.08M+3,158%	$90.82M+368%	$26.08M-6.1%
Total liabilities and stockholders' equity	$2.44B+2,232%	$1.13B+933%	$550.15M+586%	$151.95M+84.1%	$104.6M+14.2%
Available-for-Sale Debt Securities - Amortized Cost	$426.94M—	——	——	——	——
Cash, Cash Equivalents, and Marketable Securities	$111.66M—	——	——	——	——
Contract Assets, Net	——	$291K+355%	——	——	——
Other current assets	$64.69M+1,071%	$25.47M+929%	$8.93M+251%	$6.08M+113%	$5.52M+82.3%
Other Inventory, Net	$991K+348%	$1.65M+648%	$221.04K—	$221.04K—	$221.04K—
Deferred Tax Assets and Other Non-Current Assets	$32.69M—	$2.1M+46.7%	$68.68M—	——	——
Deferred Tax Assets - Investments	——	$381K-12.2%	——	——	——
Finite Lived Intangible Assets - Gross	$335.94M+726%	$155.03M+281%	$44.81M+10.2%	$40.68M+0.1%	$40.68M+0.2%
Goodwill and Intangible Assets, Net	——	$33.72M+502%	——	——	——
Indefinite-Lived Research and Development Assets	——	$11.89M+32.6%	——	——	——
Investments - Amortized Cost Basis	$426.94M—	——	——	——	——
Net Investment in Lease	$10.73M+166%	$10.37M+164%	$4.53M+19.4%	$4.72M+11.3%	$4.04M-9.5%
Intangible assets — net	$312.51M+1,096%	$136.89M+404%	$28.12M-0.4%	$25.08M-14.3%	$26.14M—
Investments	$42.34M—	$35.59M—	$587.25K—	——	——
Operating lease right-of-use assets	$10.73M+166%	$10.37M+164%	$4.53M+19.4%	$4.72M+11.3%	$4.04M-9.5%
Other Assets	$2.3M-96.1%	——	——	$58.26M-6.0%	$58.63M—
Other non-current assets	$32.69M—	$12.44M+171%	$68.68M—	——	——
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)	$447.84M—	$21.75M—	——	——	——
Operating Lease Right-of-Use Assets in Other Assets	$10.73M+166%	$10.37M+164%	$4.53M+19.4%	$4.72M+11.3%	$4.04M-9.5%
Long-term Prepaid Supply Agreements	$16.8M+1,435%	$6.83M+582%	$1.66M+147%	$1.35M+207%	$1.09M—
Software and Technology Licenses, Net	$32.69M—	$12.44M+171%	$68.68M—	——	——
Accrued liabilities and other current	$70.73M+1,190%	$33.97M+482%	$7.37M+110%	$4.82M+50.5%	$5.48M+70.4%
Accrued Progress Collections and Price Adjustments	$205K-56.6%	——	——	——	$472K—
Other Commercial Liabilities	$39.62M—	$75M—	——	——	——
Convertible Debt - Current	$10M+400%	$2M—	$2M—	$2M-93.1%	$2M-92.7%
Accounts payable and other current liabilities (Note 11)	$70.73M+1,190%	$33.97M+482%	$7.37M+110%	$4.82M+50.5%	$5.48M+70.4%
Accrued Income Taxes, Current	$3.24M—	$4.3M+1,017%	$549.49K—	——	——
Accrued Liabilities, Current	$39.62M—	$75M—	——	——	——
Debt, current	$528K-98.2%	$2.95M-90.8%	$4.11M-85.2%	$9.22M—	$29.15M—
Convertible Note Payable Net Of Unamortized Debt Discount And Issuance Cost Related Parties Current	——	$3.5M-31.9%	——	——	——
Note Payable	$243K—	$704K—	——	——	——
Contract Liabilities, Non-Current	$205K-56.6%	——	——	——	$472K—
Convertible Debt (Non-Current)	$3.41M—	$3.83M-75.8%	——	——	——
Debt Instrument Face Amount	$10M+241%	——	——	——	$2.93M—
Deferred Tax Liabilities - Unrealized Gains on Trading Securities	——	$1.37M—	——	——	——
Derivative Liabilities (Non-Current)	$1.06B—	$489.43M—	——	——	——
Accrued expenses and other liabilities	——	$245K0.0%	$537.42K—	——	——
Deferred revenue, net of current portion	$205K-56.6%	——	——	——	$472K—
Liability For Uncertain Tax Positions Noncurrent	$128.1M—	——	——	——	——
Other Accounts Payable and Accrued Liabilities	$17.18M+10,528%	$2.97M+343%	$305.41K+130%	$187.96K+10.6%	$161.67K-14.2%
Non-current Unearned Government Incentives	$1.59M-29.2%	$1.36M-37.2%	$2.17M+14.3%	$2.09M+15.3%	$2.24M—
Total debt	$12.51M-64.8%	$16.14M-57.9%	$11.06M-67.3%	$16.36M+159%	$35.59M-7.8%
Common Stock Par Value Per Share	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%
Common Stock Shares Issued	469.1M+267%	380.8M+309%	329.5M+338%	206.7M+211%	127.7M+37,356%
Convertible Preferred Stock Authorized Shares	5M0.0%	5M0.0%	5M0.0%	5M0.0%	5M0.0%
Employee Benefit Trust	$23.91M—	$21M+1,001%	——	——	——
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$46K+260%	$38K+322%	$32.95K+338%	$20.67K+211%	$12.77K+94.8%
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	——	——	——	——	$2M—
Number of Exercisable Options	4.5M+59.2%	4.8M—	5.7M—	3.7M—	2.8M—
Preferred Stock Par Value Per Share	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%
Share-Based Payment Award Options Outstanding - Number	25.3M+171%	20M+367%	17.4M—	17.5M—	9.3M—
Share-Based Payment - Unrecognized Cost of Nonvested Awards	$82.9M+908%	$39.2M+2,819%	——	$12.04M+591%	$8.23M—
Shares Reserved for Future Issuance Under Stock Plans	——	——	——	——	——
Warrants and Rights Outstanding	500K—	500K—	——	9.6M+21,020%	——
Weighted Average Exercise Price of Exercisable Options	$3.51-23.7%	$3.65—	$3.66—	$4.03—	$4.60—
Weighted Average Exercise Price of Outstanding Options	$5.68+86.2%	$3.72+0.5%	$2.19—	$2.03—	$3.05—
Cumulative Cost Basis	$426.94M+6,707%	$14.87M+144%	$6.82M+12.4%	$6.37M-38.0%	$6.27M—
Fair Value Measurement Disclosure	$20.9M—	——	——	——	——
Gross Assets/Liabilities	$1.06B—	$489.43M—	——	——	——
Accrued Interest	——	$155K—	——	——	——
Accrued Purchase And Contingent Consideration Net Of Current Portion	$88.48M—	——	——	——	——
Accrued Purchases Current	$2.01M—	$1.9M+2,193%	$639.36K—	$294.04K—	——
Aggregates Operating Lease Right Of Use Assets	——	$10.37M+164%	——	——	——
Total	$426.94M—	——	——	——	——
Available for sale investments	$111.66M—	——	——	——	——
Trade accounts receivable	——	——	$2.8M—	——	——
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Excluding Goodwill	$28.75M—	——	——	——	——
Business Acquisition, Transaction Costs	$5.8M—	$4.3M—	——	——	——
Carrying Amount	——	$3.8M—	——	——	——
Certificates Of Deposit	$249.94M—	——	——	——	——
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right	——	——	669.6K—	——	——
Common stock, capital shares reserved for future issuance	——	——	——	——	——
Common stock, par value (in dollars per share)	$00.0%	$00.0%	$00.0%	$00.0%	$00.0%
Common stock, shares authorized (in shares)	$800M+167%	$800M+167%	$400M+33.3%	$400M+33.3%	$300M0.0%
Common stock, shares issued (in shares)	$469.06M+267%	$380.76M+309%	$329.52M+338%	$206.73M+211%	$127.72M+94.8%
Common Stock, Shares, Outstanding	$469.06M+267%	$380.76M+309%	$329.52M+338%	$206.73M+211%	$127.72M+94.8%
Contract with Customer, Liability	$19.83M+652%	$8.5M+2,484%	——	——	$2.64M+473%
Convertible Debt	$10M—	——	——	——	——
Convertible Debt Fair Value Disclosures	$10M—	——	——	——	——
Convertible debentures	$3.41M—	$3.83M-75.8%	——	——	——
Convertible Notes Payable	$5M—	——	——	——	——
Convertible Notes Payable Net Of Unamortized Debt Discount And Issuance Cost Related Parties	——	$0-100%	——	——	——
Debt issuances	$10M+241%	——	——	——	$2.93M—
Deferred income taxes	$48.29M—	$14.53M—	$867.48K—	——	——
Deferred Tax Assets Amortization	——	——	——	——	——
Deferred Tax Assets, Net	——	$14.53M-82.7%	——	——	——
Deferred Tax Assets Operating Lease Liabilities	——	$1.94M+11.3%	——	——	——
U.S. federal, state and foreign net operating loss, credit carryforwards and other carryforwards	——	$1M-93.3%	——	——	——
Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration	——	$69M+16.9%	——	——	——
R&D credit carryforward	——	$1.17M+55.3%	——	——	——
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-Based Compensation Cost	——	$3.7M+875%	——	——	——
DTA, impairment losses	——	$908K+127%	——	——	——
Accrued expenses	——	$349K-38.8%	——	——	——
R&D capitalization	——	$752K—	——	——	——
Deferred Tax Liabilities Deferred Rent	——	$1.35M+29.0%	——	——	——
Derivative Liability	$1.06B—	$489.43M—	——	——	——
Derivative Liability, Noncurrent	$1.06B—	$489.43M—	——	——	——
Unrecognized share-based compensation costs for non-vested restricted stock awards, net of expected forfeitures	$82.9M+908%	$39.2M+2,819%	——	$12.04M+591%	$8.23M—
Equity Fair Value Disclosure	$990K—	$18.9M—	——	——	——
Equity Investment In Affiliate	$29.29M—	——	——	——	——
Fair Value Cost Basis	$706K—	$13.5M—	——	——	——
Finite-Lived Intangible Assets, Accumulated Amortization	-$23.43M-61.1%	-$18.14M-34.6%	-$16.69M-34.3%	-$15.6M-37.2%	-$14.54M-41.0%
Remainder of 2026	$6M+92.4%	——	$1.17M+10.5%	$2.07M-1.7%	$3.12M-1.3%
Gross Carrying Amount	$335.94M+726%	$155.03M+281%	$44.81M+10.2%	$40.68M+0.1%	$40.68M+0.2%
NOW Scheme contingency payable	$3.46M—	$3.66M+43.0%	——	——	——
Government grants	$1.87M+191%	$2.3M+490%	$805.39K+46.9%	$939.69K+71.4%	$643.06K—
Combined fair value of guarantees	$20.9M—	——	——	——	——
Raw materials	$23.03M+307%	$14.15M+225%	$6.03M+45.3%	$4.43M+95.4%	$5.66M+162%
Investment In Unconsolidated Affiliates	$29.29M—	——	——	——	——
Marketable Securities	$20.3M—	——	——	——	——
Noncontrolling interests in subsidiaries	$3.86M—	$4.01M—	$334K—	——	——
Net Unrealized Gains	$284K—	$5.4M—	——	——	——
Note Receivable From Affiliate	$8.84M—	——	——	——	——
Notes Payable Net Of Current Portion	$188K—	——	——	——	——
Other	——	$472K—	——	——	——
Other noncontrolling interests	——	$3.5M—	——	——	——
Preferred Stock, Par or Stated Value Per Share	$00.0%	$00.0%	$00.0%	$00.0%	$00.0%
Preferred Stock, Shares Authorized	$5M0.0%	$5M0.0%	$5M0.0%	$5M0.0%	$5M0.0%
Prepaid Insurance	$1.31M+86.2%	$1.42M+62.5%	$562.76K-20.7%	$716.07K-14.8%	$703.97K-19.4%
Prepaid World View	$20.89M—	——	——	——	——
Publicly Traded Stock	$20.3M—	$17.78M—	——	——	——
Purchase Price Per Share	$3,700,000.00—	——	——	——	——
Receivable For Stock Option Exercises	——	$2.97M—	——	——	——
Redeemable noncontrolling interests in subsidiaries	$2.45M-88.1%	$29.8M+53.9%	$23.15M+27.4%	$21.84M+28.2%	$20.57M+29.2%
Redeemable non-controlling interest	$2.6M—	——	——	——	——
Rightofuse Assets	$10.73M—	$10.37M—	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	$25.35M+171%	$20.01M+367%	$17.36M—	$17.48M—	$9.35M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$5.68+86.2%	$3.72+0.5%	$2.19—	$2.03—	$3.05—
Short Term Debt Percentage Bearing Variable Interest Rate	8%—	——	——	——	——
US Treasury Securities	$64.96M—	——	——	——	——
Warrants In Publicly Traded Companies	$990K—	$1.12M—	——	——	——
World View Guarantee	$20.89M—	——	——	——	——
Remainder of Fiscal Year 2024	$6M+363%	——	$528.66K+502%	$1.01M+188%	$1.3M+127%
Remainder of Fiscal Year 2025	$6M+92.4%	——	$1.17M+10.5%	$2.07M-1.7%	$3.12M-1.3%

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Questions, answered.

Can Ondas, Inc. cover its short-term obligations?: Its current ratio is 10.91 — current assets exceed current liabilities.
Where does Ondas, Inc. 's balance sheet data come from?: Every line is extracted from Ondas, Inc. 's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.