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Ondas, Inc. ONDS Redemption of preferred stock

Redemption of preferred stock at other companies

XTI Aerospace, Inc. logo
XTI Aerospace, Inc.XTIA
$1.43M+618%

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$4.98B+733%
Enterprise value$3.96B+625%
P/E20.4×
P/S51.6×+14.5×

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:StockRedeemedOrCalledDuringPeriodValue.

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 itemRedeemable Noncontrolling Interest / SharesRedeemable Noncontrolling Interest / AmountCommon Stock / SharesCommon Stock / AmountOndas Inc. Stockholders’ Equity / Additional Paid in / CapitalOndas Inc. Stockholders’ Equity / Accumulated other Comprehensive / Income (Loss)Ondas Inc. Stockholders’ Equity / Accumulated / DeficitNoncontrolling / InterestTotal Stockholders’ / Equity
Balance, January 1, 2025538,048$19,36193,173,191$9$252,942-$(236,368)-$16,583
Preferred dividends attributable to redeemable noncontrolling interest-390--(390)---(390)
Accretion of redeemable preferred stock in Ondas Networks-817--(817)---(817)
Issuance of warrants in Ondas Networks, in connection with convertible note payable----346---346
Issuance of shares for payment on convertible debt--33,322,397321,936---21,939
Issuance of shares upon exercise of options and warrants and delivery of restricted stock units--1,229,211-984---984
Stock-based compensation----1,573---1,573
Net Loss------(14,136)-(14,136)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Ondas, Inc.'s redemption of preferred stock?
Ondas, Inc. (ONDS) reported redemption of preferred stock of $817K in Q1 2025.
What does redemption of preferred stock mean?
Cash used to redeem (buy back) outstanding preferred stock, eliminating future dividend obligations.

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