Owlet Inc Financials
Owlet Inc (OWLT) reported $114.9M in revenue over the twelve months to Jun 30, 2026, up 28.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
Revenue scale is improving, but external financing still bridges the gap between operating losses and cash needs.
Gross margin was50.9% in FY2025 while operating margin improved markedly from the prior year, pointing to operating-cost absorption rather than a changed gross-profit model. The cash-versus-earnings gap is substantial: operating cash flow was-$10.8M while free cash flow was-$11.1M , showing that accounting losses exceeded near-term cash use, but the business still did not fund itself.
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Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Owlet Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Owlet Inc scores -1.74, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($150.8M) relative to total liabilities ($50.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Owlet Inc passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Owlet Inc reported a net loss of $38.8M while operations used $10.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Owlet Inc reported an operating loss of $7.4M against $809K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Owlet Inc generated $106.2M in revenue in fiscal year 2025. This represents an increase of 37.1% from the prior year.
Owlet Inc's EBITDA was -$6.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 66.0% from the prior year.
Owlet Inc reported -$38.8M in net income in fiscal year 2025. This represents a decrease of 205.7% from the prior year.
Cash & Balance Sheet
Owlet Inc recorded an outflow of $11.1M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 1.6% from the prior year.
Owlet Inc held $35.5M in cash against $2.5M in long-term debt as of fiscal year 2025, with $44.2M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Owlet Inc's gross margin was 50.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the prior year.
Owlet Inc's operating margin was -7.0% in fiscal year 2025, reflecting core business profitability. This is up 19.8 percentage points from the prior year.
Owlet Inc's net profit margin was -36.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 20.2 percentage points from the prior year.
Owlet Inc's ROE was -203.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Owlet Inc invested $14.0M in research and development in fiscal year 2025. This represents an increase of 44.5% from the prior year.
Owlet Inc invested $273K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 680.0% from the prior year.
Not reported for fiscal year 2025.
OWLT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $33.9M+50.8% | $22.5M-15.4% | $26.6M-17.0% | $32.0M+22.7% | $26.1M+20.9% | $21.6M+8.7% | $19.8M-10.3% | $22.1M |
| Cost of Revenue | $12.0M+17.9% | $10.2M-26.6% | $13.9M-11.8% | $15.8M+24.5% | $12.7M+29.7% | $9.8M+2.7% | $9.5M-10.0% | $10.6M |
| Gross Profit | $21.8M+78.3% | $12.2M-3.1% | $12.6M-22.1% | $16.2M+21.1% | $13.4M+13.6% | $11.8M+14.2% | $10.3M-10.7% | $11.5M |
| R&D Expenses | $4.6M+16.4% | $3.9M+8.4% | $3.6M-4.0% | $3.8M+1.0% | $3.7M+29.5% | $2.9M+18.7% | $2.4M-5.2% | $2.6M |
| SG&A Expenses | $9.6M+3.5% | $9.2M+7.3% | $8.6M+38.1% | $6.2M-11.1% | $7.0M-0.7% | $7.1M-40.2% | $11.8M+20.7% | $9.8M |
| Operating Income | $1.7M+132.2% | -$5.4M-11.8% | -$4.8M-480.9% | $1.3M+175.4% | -$1.7M+22.4% | -$2.2M+72.5% | -$7.9M-63.9% | -$4.8M |
| Interest Expense | $0 | $0-100.0% | $47K-50.5% | $95K-66.3% | $282K-26.8% | $385K-71.5% | $1.4M+894.9% | $136K |
| Income Tax | $10K+42.9% | $7K+126.9% | -$26K-388.9% | $9K-72.7% | $33K+175.0% | $12K-62.5% | $32K | $0 |
| Net Income | -$620K+80.9% | -$3.2M+64.5% | -$9.1M-318.2% | $4.2M+111.2% | -$37.4M-1160.7% | $3.5M+138.3% | -$9.2M-64.3% | -$5.6M |
| EPS (Diluted) | -$0.05+79.2% | -$0.24 | -$0.29-480.0% | -$0.05+97.9% | -$2.35 | $0.14 | -$0.78-27.9% | -$0.61 |
OWLT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $93.6M+7.9% | $86.8M+1.3% | $85.6M+14.4% | $74.9M+17.8% | $63.5M+23.6% | $51.4M+3.9% | $49.5M-11.8% | $56.1M |
| Current Assets | $88.3M+7.1% | $82.5M+0.7% | $81.9M+14.3% | $71.6M+17.9% | $60.7M+25.5% | $48.4M+5.1% | $46.1M-11.9% | $52.3M |
| Cash & Equivalents | $30.9M-12.7% | $35.5M0.0% | $35.5M+49.2% | $23.8M+8.9% | $21.8M+33.8% | $16.3M-19.4% | $20.2M-6.2% | $21.6M |
| Inventory | $15.7M-14.0% | $18.2M+19.0% | $15.3M+5.3% | $14.5M+27.7% | $11.4M-3.7% | $11.8M+12.3% | $10.5M-0.7% | $10.6M |
| Accounts Receivable | $33.1M+66.8% | $19.9M-13.4% | $22.9M-19.8% | $28.6M+17.3% | $24.4M+47.5% | $16.5M+36.5% | $12.1M-29.4% | $17.2M |
| Total Liabilities | $54.7M+7.5% | $50.9M+1.5% | $50.2M-61.1% | $129.0M+5.1% | $122.7M+58.5% | $77.4M-3.1% | $79.9M+2.9% | $77.6M |
| Current Liabilities | $53.8M+11.8% | $48.1M+8.8% | $44.2M-29.7% | $62.9M+19.2% | $52.8M+29.1% | $40.9M+10.4% | $37.0M+3.7% | $35.7M |
| Long-Term Debt | $0-100.0% | $1.9M-20.8% | $2.5M-15.8% | $2.9M-13.5% | $3.4M-12.1% | $3.8M-11.2% | $4.3M-5.5% | $4.6M |
| Total Equity | $23.1M+10.1% | $21.0M+10.3% | $19.0M+135.2% | -$54.1M+8.5% | -$59.2M-127.6% | -$26.0M+14.4% | -$30.4M-41.6% | -$21.5M |
| Retained Earnings | -$311.1M-0.2% | -$310.5M-1.1% | -$307.2M-3.1% | -$298.1M+1.4% | -$302.3M-14.1% | -$264.8M+1.3% | -$268.4M-3.6% | -$259.1M |
Not reported in any period shown, so not listed: Goodwill.
OWLT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$92K+98.2% | -$5.0M-1017.0% | -$452K+79.2% | -$2.2M+3.3% | -$2.2M+62.1% | -$5.9M-297.1% | $3.0M+140.1% | -$7.5M |
| Capital Expenditures | $539K+3493.3% | $15K-92.5% | $199K+2111.1% | $9K-85.2% | $61K+1425.0% | $4K-87.9% | $33K+3200.0% | -$1K |
| Free Cash Flow | -$631K+87.5% | -$5.1M-677.9% | -$651K+70.1% | -$2.2M+5.5% | -$2.3M+61.1% | -$5.9M-299.4% | $3.0M+139.7% | -$7.5M |
| Investing Cash Flow | -$941K-126.7% | -$415K+15.1% | -$489K-91.8% | -$255K-186.5% | -$89K+19.1% | -$110K+36.8% | -$174K+66.1% | -$513K |
| Financing Cash Flow | -$3.4M-162.8% | $5.5M-69.5% | $17.9M+310.6% | $4.4M-44.5% | $7.9M+289.8% | $2.0M+149.3% | -$4.1M-128.1% | $14.5M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
OWLT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.4%+9.9pp | 54.5%+7.0pp | 47.5%-3.1pp | 50.6%-0.7pp | 51.3%-3.3pp | 54.6%+2.6pp | 52.0%-0.2pp | 52.2% |
| Operating Margin | 5.1%+29.2pp | -24.1%-5.9pp | -18.2%-22.2pp | 4.0%+10.4pp | -6.5%+3.6pp | -10.1%+29.8pp | -39.8%-18.0pp | -21.8% |
| Net Margin | -1.8%+12.6pp | -14.4%+20.0pp | -34.4%-47.5pp | 13.1% | -143.5% | 16.4%+62.8pp | -46.5%-21.1pp | -25.4% |
| Return on Equity | -2.7%+12.8pp | -15.4%+32.5pp | -48.0% | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -0.7%+3.1pp | -3.7%+6.9pp | -10.7%-16.3pp | 5.6%+64.5pp | -58.9%-65.7pp | 6.9%+25.5pp | -18.6%-8.6pp | -10.0% |
| Current Ratio | 1.64-0.1x | 1.71-0.1x | 1.85+0.7x | 1.140.0x | 1.150.0x | 1.18-0.1x | 1.24-0.2x | 1.46 |
| Debt-to-Equity | 0.00-0.1x | 0.090.0x | 0.13 | N/A | N/A | N/A | N/A | N/A |
| FCF Margin | -1.9%+20.7pp | -22.6%-20.1pp | -2.5%+4.4pp | -6.8%+2.0pp | -8.8%+18.7pp | -27.5%-42.5pp | 15.0%+48.9pp | -33.9% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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Where Owlet Inc Ranks
Frequently Asked Questions
What is Owlet Inc's annual revenue?
Owlet Inc (OWLT) reported $106.2M in total revenue for fiscal year 2025. This represents a 37.1% 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 37.1% year-over-year, from $77.4M to $106.2M in fiscal year 2025.
Is Owlet Inc profitable?
No, Owlet Inc (OWLT) reported a net income of -$38.8M in fiscal year 2025, with a net profit margin of -36.6%.
What is Owlet Inc's EBITDA?
Owlet Inc (OWLT) had EBITDA of -$6.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Owlet Inc have?
As of fiscal year 2025, Owlet Inc (OWLT) had $35.5M in cash and equivalents against $2.5M in long-term debt.
What is Owlet Inc's gross margin?
Owlet Inc (OWLT) had a gross margin of 50.8% in fiscal year 2025, 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 -7.0% in fiscal year 2025, 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 -36.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Owlet Inc's return on equity (ROE)?
Owlet Inc (OWLT) has a return on equity of -203.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Owlet Inc's free cash flow?
Owlet Inc (OWLT) recorded an outflow of $11.1M in free cash flow during fiscal year 2025. This represents a 1.6% 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) recorded an outflow of $10.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Owlet Inc's total assets?
Owlet Inc (OWLT) had $85.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Owlet Inc's capital expenditures?
Owlet Inc (OWLT) invested $273K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Owlet Inc spend on research and development?
Owlet Inc (OWLT) invested $14.0M in research and development during fiscal year 2025.
What is Owlet Inc's current ratio?
Owlet Inc (OWLT) had a current ratio of 1.85 as of fiscal year 2025, which is generally considered healthy.
What is Owlet Inc's debt-to-equity ratio?
Owlet Inc (OWLT) had a debt-to-equity ratio of 0.13 as of fiscal year 2025, 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 -45.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Owlet Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Owlet Inc (OWLT) held $35.5M in cash, cash equivalents and investments, and reported an operating cash outflow of $10.8M over that year. Dividing the one by the other, the reported balance equals about 39 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Owlet Inc's Altman Z-Score?
Owlet Inc (OWLT) has an Altman Z-Score of -1.74, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Owlet Inc's Piotroski F-Score?
Owlet Inc (OWLT) has a Piotroski F-Score of 4 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 to 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) reported a net loss of $38.8M while operations used $10.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $7.4M against $809K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 53 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.