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Ondas, Inc. ONDS Government grants

Government grants at other companies

Ondas, Inc. logo
Ondas, Inc.ONDS
$1.87M+191%
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Other financials

Income statement

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Revenue$50.1M+1,080%
Gross profit$24.7M+1,557%
Operating income-$42.7M-314%
Net income$362.8M+2,666%
EPS (diluted)$0.56+473%

Balance sheet

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Cash & equivalents$1.0B+3,989%
Total debt$12.5M-64.8%
Total equity$1.1B+4,018%
Total assets$2.4B+2,232%

Cash flow

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Operating cash flow-$51.3M-670%
CapEx$1.3M+679%
Free cash flow-$52.6M-671%

Valuation

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Market cap$5.19B+743%
Enterprise value$4.17B+639%
P/E21.2×
P/S53.7×+15.6×

Profitability

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Gross margin44.8%+24.2pp
Operating margin-93.9%-39.2pp
Net margin253.3%+158pp
FCF margin-89.6%-37.2pp

Returns & leverage

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Return on equity44.5%+25.0pp
Debt / equity-1.4×
Current ratio10.9×+10.1×

Where this comes from

Reported directly by Ondas, Inc. in its filing.

Tagged under the XBRL concept us-gaap:GovernmentAssistanceLiabilityCurrent.

The source filing: Ondas, Inc.’s 10-Q, filed May 15, 2026.

Filed
May 15, 2026, 4:34 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001213900-26-057859
Line itemMarch 31, 2026December 31, 2025
Convertible note payable, related party-3,500
Convertible note payable5282,950
Deferred revenue19,6278,029
Government grant liability1,8702,295
Total current liabilities149,317141,821
Notes payable, net of current portion188-
Accrued purchase and contingent consideration, net of current portion88,481-
Convertible notes payable, net of current portion3,4103,834

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Ondas, Inc.'s government grants?
Ondas, Inc. (ONDS) reported government grants of $1.87M in Q1 2026.
How has Ondas, Inc.'s government grants changed year-over-year?
Ondas, Inc.'s government grants increased by 190.8% year-over-year, from $643.06K to $1.87M.
What is the long-term trend for Ondas, Inc.'s government grants?
Over 2 years (2023 to 2025), Ondas, Inc.'s government grants has grown at a 109.9% compound annual growth rate (CAGR), from $520.66K to $2.3M.
What does government grants mean?
This captures the current portion of liabilities arising from government grants or subsidies that have been received but not yet earned. It represents a performance obligation where the company must meet specific criteria to recognize the grant as revenue. This metric is useful for understanding the company's reliance on government support for short-term operations.

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