Ondas Holdings Inc. (ONDS) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -51.3M | -12.73M | -10.95M | -8.4M | -6.66M | -8.11M | -9.09M | -8.82M | -7.46M | -5.91M | -6.24M | -9.13M | -12.83M | -11.76M | -10.9M | -8.2M | -7.1M | -5.27M | -4.53M | -4.02M |
| Operating CF Margin % | -102.35% | -42.27% | -108.48% | -133.96% | -156.76% | -196.39% | -613.59% | -920.73% | -1192.87% | -119.14% | -234.28% | -166.87% | -494.31% | -2456.49% | -1722.82% | -1357.14% | -1731.34% | -922.85% | -1600.6% | -453.27% |
| Operating CF Growth % | -670.33% | -56.97% | -20.57% | 4.71% | 10.68% | -37.19% | -45.52% | 3.36% | 41.9% | 49.76% | 42.7% | -11.29% | -80.69% | -123.16% | -140.28% | -103.86% | -131.62% | -98.25% | -115% | -407.82% |
| Net Income | 361.25M | -99.66M | -7.48M | -10.75M | -14.14M | -10.34M | -9.53M | -8.27M | -9.88M | -14.14M | -7.29M | -8.96M | -14.46M | -38.26M | -13.58M | -11.39M | -10.01M | -4.15M | -4.91M | -2.82M |
| Depreciation & Amortization | 6.29M | 3.37M | 1.57M | 1.58M | 1.46M | 1.18M | 1.68M | 1.39M | 1.41M | 1.59M | 1.49M | 1.41M | 1.57M | 1.21M | 1.29M | 1.29M | 1.06M | 888.88K | 702.3K | 135.39K |
| Stock-Based Compensation | 19.66M | 6.81M | 5.46M | 2.18M | 1.57M | 276.5K | 311.13K | 0 | 269.55K | 411.05K | 0 | 0 | 1.26M | 0 | 1.48M | 0 | 1.33M | 1.3M | 304.95K | 0 |
| Deferred Taxes | -673K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -390.8M | 83.66M | -6.61M | 1.35M | 3.27M | 2.27M | 594.26K | 94.89K | 617.2K | 7.04M | -1.37M | 1.86M | 1.54M | 24.84M | 0 | 1.57M | 0 | -2.72M | -70.89K | -267.8K |
| Working Capital Changes | -47.03M | -6.9M | -3.89M | -2.77M | 1.17M | -1.5M | -2.15M | -2.04M | 120.97K | 1.21M | 934.25K | -3.44M | -2.75M | 443.9K | -91.44K | 339.29K | 516.22K | -585.53K | -557.05K | -1.07M |
| Change in Receivables | -11.73M | -13.61M | 179.14K | -3.47M | 3.31M | -3.44M | -584.84K | -10.12K | 1.15M | 1.46M | 18.66K | -3.79M | -901.6K | 716.88K | -555.88K | 209.19K | 738.72K | 11.9K | -486.52K | -707.11K |
| Change in Inventory | -4.13M | -2.19M | -1.27M | -642.11K | -727.16K | -1.06M | -2.03M | -1.2M | -1.17M | 393.52K | 327.1K | 855.52K | -95.06K | -741.2K | -162.07K | 35.85K | -127.26K | 5.74K | -137.62K | 5.53K |
| Change in Payables | -288K | 3.28M | 2.07M | 267.13K | -1.16M | 1.64M | -250.21K | -628.62K | 396.57K | -295.04K | 581.63K | -275.12K | 1.23M | -432.65K | 1.02M | -21.28K | -13.19K | 490.61K | -80.92K | -62.94K |
| Cash from Investing | -474.17M | -241.39M | -18.44M | -110.8K | -195.02K | -72.31K | 655.51K | -1.1M | -1.21M | -108.66K | -50.55K | -168.35K | 863.83K | -1.44M | -1.96M | -1.98M | -1.56M | -1.53M | -6.52M | -2.02M |
| Capital Expenditures | -1.33M | -1.64M | -170.59K | -95.84K | -170.87K | -30.04K | 2.32M | -1.1M | -1.19M | -123.86K | -42.45K | 29.15K | -135.22K | 625K | -913.12K | -1.08M | -1.55M | -843.36K | -7.93K | -17.85K |
| CapEx % of Revenue | 2.66% | 5.45% | 1.69% | 1.53% | 4.02% | 0.73% | 156.44% | 115.27% | 190.09% | 2.5% | 1.59% | 0.53% | 5.21% | 130.5% | 144.37% | 178.06% | 378.65% | 147.64% | 2.8% | 2.01% |
| Acquisitions | -31.77M | -200.32M | 0 | 0 | 0 | 0 | -1.7K | 1.7K | 0 | 15.2K | -8.1K | -197.5K | 1.05M | -62.5K | 900K | -900K | 0 | 2.01M | -8.53M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -6.97M | 0 | -18.27M | -14.96K | -24.15K | -42.27K | -1.66M | 0 | -24.33K | 0 | 0 | 0 | -50.4K | -2M | -1.95M | 0 | -9.08K | -2.69M | 2.02M | -2M |
| Cash from Financing | 968.47M | 414.5M | 394.23M | 51.66M | 2.26M | 35.31M | 6.33M | 306.32K | 8.24M | 29.55K | 24.2M | -1.76M | -3.65M | 27.69M | 125.07K | 6.13M | -90.24K | 116.25K | -1 | 40.56M |
| Debt Issued (Net) | -305K | 194.64K | 0 | 0 | 923.36K | 35.56M | 2.86M | 0 | 0 | 0 | 9.31M | -1.85M | -3.64M | 27.7M | 0 | 0 | 0 | 0 | 0 | -7.12M |
| Equity Issued (Net) | 969.14M | 414.5M | 379.63M | 42.68M | 0 | -23K | 3.47M | 6.49K | 8.23M | 29.55K | 14.7M | 701 | 0 | -8.85K | 60.16K | 6.04M | 0 | 0 | -14 | 47.59M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | -780K | 0 | 0 | -512.21K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -373K | -192.73K | 14.6M | 8.98M | 1.34M | -228.38K | 780K | 299.84K | 2.22K | 512.21K | 189.75K | 93.43K | -6.58K | 0 | 64.91K | 90.24K | -90.24K | 116.25K | 13 | 99.96K |
| Net Change in Cash | 442.73M | 160.97M | 364.84M | 43.14M | -4.59M | 27.13M | -2.1M | -9.62M | -431.29K | -5.99M | 17.91M | -11.05M | -15.62M | 14.49M | -12.73M | -4.05M | -8.75M | -6.68M | -11.05M | 34.52M |
| Free Cash Flow | -52.63M | -13.01M | -11.15M | -8.51M | -6.85M | -8.18M | -8.41M | -9.91M | -8.67M | -6.03M | -6.27M | -9.06M | -12.98M | -11.12M | -11.81M | -9.26M | -8.66M | -6.21M | -4.55M | -4.04M |
| FCF Margin % | -105% | -43.21% | -110.38% | -135.72% | -161.35% | -198.14% | -567.94% | -1034.96% | -1386.85% | -121.63% | -235.4% | -165.59% | -499.86% | -2321.84% | -1867.85% | -1532.47% | -2112.21% | -1086.24% | -1607.08% | -454.87% |
| FCF Growth % | -667.84% | -59.02% | -32.54% | 14.11% | 20.92% | -35.57% | -34.05% | -9.47% | 33.2% | 45.73% | 46.9% | 2.2% | -49.77% | -79.2% | -159.46% | -129.39% | -177.3% | -133.07% | -115.7% | -405.21% |
| FCF per Share | -0.12 | -0.03 | -0.04 | -0.06 | -0.07 | -0.10 | -0.12 | -0.15 | -0.14 | -0.11 | -0.12 | -0.18 | -0.27 | -0.25 | -0.28 | -0.22 | -0.21 | -0.21 | -0.12 | -0.14 |
| FCF Conversion (FCF/Net Income) | -0.14x | 0.13x | 1.47x | 0.78x | 0.47x | 0.78x | 0.95x | 1.07x | 0.75x | 0.42x | 0.86x | 1.02x | 0.89x | 0.31x | 0.80x | 0.72x | 0.71x | 1.27x | 0.92x | 1.43x |
| Interest Paid | 0 | 0 | 427 | 2.86K | 4.83K | 4.96K | 0 | 0 | 7.3K | 0 | 0 | 0 | 5.26K | 0 | 8.92K | 0 | 4K | 4.21K | 0 | 0 |
| Taxes Paid | 0 | 0 | 9.66K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |