Ondas Inc. filed its Form 10-Q for the quarterly period ended June 30, 2026 with the U.S. Securities and Exchange Commission, reporting a net loss attributable to stockholders of $88,587 thousand for the second quarter and net income attributable to stockholders of $273,073 thousand for the six months ended June 30, 2026.

Key Highlights

  • Q2 2026 Revenue: Revenues, net were $83,772 thousand for the three months ended June 30, 2026, compared to $6,273 thousand for the same period in 2025.
  • Six-Month Revenue: Revenues, net totaled $133,894 thousand for the six months ended June 30, 2026, up from $10,522 thousand in the prior-year period.
  • Total Assets: Total assets were $2,993,497 thousand as of June 30, 2026, compared to $1,132,841 thousand as of December 31, 2025.
  • Warrant Liability: The warrant liability stood at $1,043,740 thousand at June 30, 2026, up from $489,434 thousand at December 31, 2025.
  • Shares Outstanding: 570,552,341 shares of common stock were outstanding as of August 11, 2026.
  • Six-Month Other Income: Other income (expense), net for the six months ended June 30, 2026 included $449,743 thousand in other income, net.
  • Accumulated Deficit: The accumulated deficit was $(93,683) thousand at June 30, 2026, compared to $(368,387) thousand at December 31, 2025.

Ondas Inc. Financial Position and Operating Results for the Period Ended June 30, 2026

According to the filing, Ondas Inc. (NASDAQ:ONDS) reported net revenues of $83,772 thousand for the three months ended June 30, 2026, compared to $6,273 thousand in the same quarter of 2025. Gross profit for the second quarter was $36,131 thousand, against $3,332 thousand in the prior-year period. Total operating expenses reached $199,077 thousand for the quarter, which included $128,007 thousand in general and administrative expenses and $19,234 thousand in change in fair value of contingent consideration. The company disclosed an operating loss of $162,946 thousand for Q2 2026, compared to an operating loss of $9,250 thousand in Q2 2025.

For the six months ended June 30, 2026, the filing reported net income attributable to Ondas Inc. stockholders of $273,073 thousand, compared to a net loss of $27,360 thousand for the same period in 2025. The registrant attributed a substantial portion of other income to $449,743 thousand in other income (expense), net for the six-month period. Net income (loss) per share on a diluted basis was $0.38 for the six months ended June 30, 2026, compared to $(0.21) for the prior-year period. The weighted average diluted share count for the six-month period was 491,308 thousand shares.

The balance sheet reflected significant growth in total assets, from $1,132,841 thousand at December 31, 2025 to $2,993,497 thousand at June 30, 2026. The filing noted increases in goodwill (to $661,362 thousand from $251,809 thousand), intangible assets, net (to $583,268 thousand from $136,890 thousand), and short-term investments (to $726,587 thousand from $21,750 thousand). Common shares issued and outstanding grew from 380,763,481 at December 31, 2025 to 529,838,610 at June 30, 2026, according to the filing.

What Was Disclosed

Ondas Inc. disclosed its condensed consolidated financial statements for the quarter and six months ended June 30, 2026, showing substantial growth in revenues and total assets alongside a second-quarter net loss, a large warrant liability, and an accumulation of goodwill and intangibles consistent with acquisition activity.