Owlet Inc Financials
This page shows Owlet Inc (OWLT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Owlet Inc has an operating margin of -25.9%, meaning the company retains $-26 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -53.0% the prior year.
Owlet Inc's revenue surged 44.5% year-over-year to $78.1M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Owlet Inc's current ratio of 1.27 indicates adequate short-term liquidity, earning a score of 31/100. The company can meet its near-term obligations, though with limited headroom.
While Owlet Inc generated -$11.2M in operating cash flow, capex of $35K consumed most of it, leaving -$11.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Owlet Inc passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Owlet Inc generates $0.89 in operating cash flow (-$11.2M OCF vs -$12.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Owlet Inc earns $-12.4 in operating income for every $1 of interest expense (-$20.2M vs $1.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Owlet Inc generated $78.1M in revenue in fiscal year 2024. This represents an increase of 44.5% from the prior year.
Owlet Inc's EBITDA was -$19.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 28.9% from the prior year.
Owlet Inc generated -$11.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 52.2% from the prior year.
Owlet Inc reported -$12.5M in net income in fiscal year 2024. This represents an increase of 61.9% from the prior year.
Owlet Inc earned $-1.57 per diluted share (EPS) in fiscal year 2024. This represents an increase of 65.3% from the prior year.
Owlet Inc held $20.3M in cash against $4.3M in long-term debt as of fiscal year 2024.
Owlet Inc had 16M shares outstanding in fiscal year 2024. This represents an increase of 78.8% from the prior year.
Owlet Inc's gross margin was 50.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 8.5 percentage points from the prior year.
Owlet Inc's operating margin was -25.9% in fiscal year 2024, reflecting core business profitability. This is up 27.1 percentage points from the prior year.
Owlet Inc's net profit margin was -16.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 44.9 percentage points from the prior year.
Owlet Inc invested $9.8M in research and development in fiscal year 2024. This represents a decrease of 5.3% from the prior year.
Owlet Inc invested $35K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 118.8% from the prior year.
OWLT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $32.0M+22.7% | $26.1M+23.5% | $21.1M+3.0% | $20.5M-1.0% | $20.7M+40.3% | $14.8M-29.8% | $21.0M+128.8% | $9.2M |
| Cost of Revenue | $15.8M+24.5% | $12.7M+29.7% | $9.8M+2.7% | $9.5M-8.9% | $10.4M+27.4% | $8.2M-26.3% | $11.1M+90.2% | $5.9M |
| Gross Profit | $16.2M+21.1% | $13.4M+18.1% | $11.3M+3.3% | $11.0M+6.9% | $10.3M+56.6% | $6.5M-33.7% | $9.9M+196.5% | $3.3M |
| R&D Expenses | $3.8M+0.9% | $3.8M+29.3% | $2.9M+14.2% | $2.5M+7.9% | $2.4M+0.3% | $2.3M+2.6% | $2.3M-5.7% | $2.4M |
| SG&A Expenses | $6.3M-13.2% | $7.2M+1.9% | $7.1M-40.1% | $11.8M+88.2% | $6.3M+4.0% | $6.0M-12.4% | $6.9M+26.7% | $5.4M |
| Operating Income | $1.2M+163.4% | -$1.9M+28.2% | -$2.7M+63.9% | -$7.4M-230.1% | -$2.2M+60.9% | -$5.7M-86.4% | -$3.1M+60.9% | -$7.9M |
| Interest Expense | $95K-66.3% | $282K-26.8% | $385K-71.5% | $1.4M+6865.0% | -$20K-112.4% | $161K-16.6% | $193K+44.0% | $134K |
| Income Tax | $9K-72.7% | $33K+175.0% | $12K-62.5% | $32K+45.5% | $22K | $0-100.0% | $5K | $0 |
| Net Income | $4.1M+111.0% | -$37.6M-1344.5% | $3.0M+133.4% | -$9.1M-689.2% | -$1.1M-135.0% | $3.3M+147.3% | -$6.9M-22.8% | -$5.6M |
| EPS (Diluted) | $-0.06+97.5% | $-2.37-2254.5% | $0.11+173.3% | $-0.15+50.0% | $-0.30+41.2% | $-0.51+46.9% | $-0.96-14.3% | $-0.84 |
OWLT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $74.9M+17.8% | $63.5M+23.6% | $51.4M+3.8% | $49.5M+7.9% | $45.9M+4.7% | $43.8M-0.7% | $44.1M+4.3% | $42.3M |
| Current Assets | $71.6M+17.9% | $60.7M+25.5% | $48.4M+5.0% | $46.1M+8.4% | $42.5M+6.3% | $40.0M+0.2% | $39.9M+6.4% | $37.5M |
| Cash & Equivalents | $23.8M+8.9% | $21.8M+33.8% | $16.3M-19.8% | $20.3M+32.3% | $15.4M-16.5% | $18.4M+11.1% | $16.6M+9.2% | $15.2M |
| Inventory | $14.5M+27.7% | $11.4M-3.7% | $11.8M+12.3% | $10.5M+29.9% | $8.1M+4.7% | $7.7M+19.2% | $6.5M-41.2% | $11.0M |
| Accounts Receivable | $28.6M+17.3% | $24.4M+47.5% | $16.5M+36.2% | $12.1M-28.2% | $16.9M+45.7% | $11.6M-17.0% | $14.0M+48.4% | $9.4M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $129.0M+5.1% | $122.7M+58.9% | $77.2M-2.6% | $79.3M-0.1% | $79.3M+3.3% | $76.8M+4.0% | $73.8M+9.6% | $67.3M |
| Current Liabilities | $62.9M+19.2% | $52.8M+29.7% | $40.7M+11.7% | $36.4M-13.6% | $42.1M+6.8% | $39.5M-12.5% | $45.1M+9.7% | $41.1M |
| Long-Term Debt | $2.9M-13.5% | $3.4M-12.1% | $3.8M-11.2% | $4.3M | $0 | $0 | $0-100.0% | $500K |
| Total Equity | -$54.1M+8.5% | -$59.2M-129.2% | -$25.8M+13.3% | -$29.8M+11.0% | -$33.4M-1.5% | -$32.9M+12.2% | -$37.5M-17.5% | -$32.0M |
| Retained Earnings | -$298.7M+1.4% | -$302.8M-14.2% | -$265.2M+1.1% | -$268.2M-5.8% | -$253.5M-0.5% | -$252.4M+1.3% | -$255.7M-2.8% | -$248.7M |
OWLT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.2M+3.3% | -$2.2M+62.1% | -$5.9M-297.1% | $3.0M+189.3% | -$3.4M-0.3% | -$3.4M-112.9% | -$1.6M+69.7% | -$5.2M |
| Capital Expenditures | $9K-85.2% | $61K+1425.0% | $4K-87.9% | $33K+1000.0% | $3K | $0-100.0% | $5K0.0% | $5K |
| Free Cash Flow | -$2.2M+5.5% | -$2.3M+61.1% | -$5.9M-299.4% | $3.0M+188.3% | -$3.4M-0.4% | -$3.4M-112.3% | -$1.6M+69.6% | -$5.2M |
| Investing Cash Flow | -$255K-186.5% | -$89K+19.1% | -$110K+36.8% | -$174K-370.3% | -$37K0.0% | -$37K-27.6% | -$29K-163.6% | -$11K |
| Financing Cash Flow | $4.4M-44.5% | $7.9M+289.8% | $2.0M+149.3% | -$4.1M-1209.5% | $368K-93.0% | $5.2M+74.6% | $3.0M+168.5% | -$4.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
OWLT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.6%-0.7pp | 51.3%-2.3pp | 53.7%+0.1pp | 53.5%+4.0pp | 49.5%+5.1pp | 44.4%-2.6pp | 47.0%+10.7pp | 36.3% |
| Operating Margin | 3.8%+11.2pp | -7.4%+5.3pp | -12.7%+23.5pp | -36.2%-25.3pp | -10.8%+28.1pp | -39.0%-24.3pp | -14.7%+71.2pp | -85.8% |
| Net Margin | 12.9%+157.4pp | -144.4%-158.8pp | 14.3%+58.5pp | -44.2%-38.6pp | -5.5%-27.7pp | 22.2%+55.2pp | -33.0%+28.5pp | -61.4% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 5.5%+64.8pp | -59.3%-65.1pp | 5.9%+24.2pp | -18.3%-15.8pp | -2.5%-10.0pp | 7.5%+23.2pp | -15.7%-2.4pp | -13.3% |
| Current Ratio | 1.14-0.0 | 1.15-0.0 | 1.19-0.1 | 1.27+0.3 | 1.010.0 | 1.01+0.1 | 0.89-0.0 | 0.91 |
| Debt-to-Equity | -0.050.0 | -0.06+0.1 | -0.150.0 | -0.15-0.1 | 0.000.0 | 0.000.0 | 0.00+0.0 | -0.02 |
| FCF Margin | -6.8%+2.0pp | -8.8%+19.2pp | -28.1%-42.6pp | 14.5%+30.8pp | -16.3%+6.5pp | -22.8%-15.2pp | -7.5%+49.1pp | -56.6% |
Note: Shareholder equity is negative (-$29.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Frequently Asked Questions
What is Owlet Inc's annual revenue?
Owlet Inc (OWLT) reported $78.1M in total revenue for fiscal year 2024. This represents a 44.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Owlet Inc's revenue growing?
Owlet Inc (OWLT) revenue grew by 44.5% year-over-year, from $54.0M to $78.1M in fiscal year 2024.
Is Owlet Inc profitable?
No, Owlet Inc (OWLT) reported a net income of -$12.5M in fiscal year 2024, with a net profit margin of -16.1%.
What is Owlet Inc's earnings per share (EPS)?
Owlet Inc (OWLT) reported diluted earnings per share of $-1.57 for fiscal year 2024. This represents a 65.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Owlet Inc's EBITDA?
Owlet Inc (OWLT) had EBITDA of -$19.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Owlet Inc have?
As of fiscal year 2024, Owlet Inc (OWLT) had $20.3M in cash and equivalents against $4.3M in long-term debt.
What is Owlet Inc's gross margin?
Owlet Inc (OWLT) had a gross margin of 50.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Owlet Inc's operating margin?
Owlet Inc (OWLT) had an operating margin of -25.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Owlet Inc's net profit margin?
Owlet Inc (OWLT) had a net profit margin of -16.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Owlet Inc's free cash flow?
Owlet Inc (OWLT) generated -$11.2M in free cash flow during fiscal year 2024. This represents a 52.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Owlet Inc's operating cash flow?
Owlet Inc (OWLT) generated -$11.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Owlet Inc's total assets?
Owlet Inc (OWLT) had $49.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Owlet Inc's capital expenditures?
Owlet Inc (OWLT) invested $35K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Owlet Inc spend on research and development?
Owlet Inc (OWLT) invested $9.8M in research and development during fiscal year 2024.
How many shares does Owlet Inc have outstanding?
Owlet Inc (OWLT) had 16M shares outstanding as of fiscal year 2024.
What is Owlet Inc's current ratio?
Owlet Inc (OWLT) had a current ratio of 1.27 as of fiscal year 2024, which is considered adequate.
What is Owlet Inc's debt-to-equity ratio?
Owlet Inc (OWLT) had a debt-to-equity ratio of -0.15 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Owlet Inc's return on assets (ROA)?
Owlet Inc (OWLT) had a return on assets of -25.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Owlet Inc's cash runway?
Based on fiscal year 2024 data, Owlet Inc (OWLT) had $20.3M in cash against an annual operating cash burn of $11.2M. This gives an estimated cash runway of approximately 22 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Owlet Inc's debt-to-equity ratio negative or unusual?
Owlet Inc (OWLT) has negative shareholder equity of -$29.8M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Owlet Inc's Piotroski F-Score?
Owlet Inc (OWLT) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Owlet Inc's earnings high quality?
Owlet Inc (OWLT) has an earnings quality ratio of 0.89x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Owlet Inc cover its interest payments?
Owlet Inc (OWLT) has an interest coverage ratio of -12.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Owlet Inc?
Owlet Inc (OWLT) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.