Owlet, Inc. (OWLT) Income Statement
OWLT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsOWLT revenue and net income
Where OWLT's revenue goes
2025Each bar shows an amount and its share of revenue. OWLT kept −37.5% of revenue as net income.
OWLT profit margins
OWLT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +35.4% | +15.2% | +7.0% | — |
| Gross profit | +36.2% | +31.9% | +8.3% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OWLT quarterly EPS vs estimates
Owlet beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 12, 2026 (estimate $-0.07).
OWLT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $105.7M | $78.1M | $54.0M | $69.2M | $75.8M | $75.4M | $49.8M |
| Cost of revenue | $52.2M | $38.7M | $31.4M | $45.9M | $40.8M | $39.5M | $26.9M |
| Gross profit | $53.5M | $39.3M | $22.6M | $23.3M | $35.1M | $35.9M | $22.9M |
| Research & development | $14.1M | $9.8M | $10.3M | $27.9M | $21.4M | $10.5M | $10.6M |
| Sales, general & admin | $47.7M | $49.7M | $40.9M | $80.0M | $69.4M | $32.4M | $28.5M |
| Total operating expenses | $61.8M | $59.5M | $51.2M | $107.9M | $90.8M | $42.9M | $40.0M |
| Operating income | −$8.3M | −$20.2M | −$28.6M | −$84.6M | −$55.8M | −$7.0M | −$17.1M |
| Interest expense | $3.4M | $1.6M | $3.2M | $1.1M | $27.8M | $1.4M | $0 |
| Income before taxes | −$39.6M | −$12.5M | −$32.9M | −$79.3M | −$71.7M | −$10.5M | −$17.9M |
| Income taxes | $28,000 | $54,000 | $10,000 | $29,000 | $31,000 | $20,000 | — |
| Net income | −$39.7M | −$12.5M | −$32.9M | −$79.3M | −$71.7M | −$10.5M | −$17.9M |
| EBITDA | −$35.6M | −$9.5M | −$27.5M | −$75.5M | −$42.7M | −$8.2M | −$16.5M |
| EPS (diluted) | −$0.22 | −$0.73 | −$2.64 | −$7.14 | −$6.36 | −$0.01 | — |
| Gross margin | 50.6% | 50.4% | 41.8% | 33.7% | 46.2% | 47.6% | 46.0% |
| Operating margin | −7.8% | −25.9% | −53.0% | −122.3% | −73.6% | −9.3% | −34.2% |
| Net margin | −37.5% | −16.1% | −60.9% | −114.6% | −94.5% | −14.0% | −35.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.9M | $22.5M | $26.6M | $32.0M | $26.1M | $21.1M | $20.5M | $22.1M | $20.7M | $14.8M | $21.0M | $9.2M |
| Cost of revenue | $12.1M | $10.2M | $13.9M | $15.8M | $12.7M | $9.8M | $9.5M | $10.6M | $10.4M | $8.2M | $11.1M | $5.9M |
| Gross profit | $21.8M | $12.2M | $12.6M | $16.2M | $13.4M | $11.3M | $11.0M | $11.5M | $10.3M | $6.5M | $9.9M | $3.3M |
| Research & development | $4.6M | $4.0M | $3.6M | $3.8M | $3.8M | $2.9M | $2.5M | $2.6M | $2.4M | $2.3M | $2.3M | $2.4M |
| Sales, general & admin | $15.6M | $13.8M | $13.9M | $11.2M | $11.5M | $11.1M | $15.8M | $13.8M | $10.1M | $9.9M | $10.7M | $8.8M |
| Total operating expenses | $20.1M | $17.7M | $17.5M | $15.0M | $15.3M | $14.0M | $18.3M | $16.4M | $12.5M | $12.3M | $13.0M | $11.2M |
| Operating income | $1.7M | −$5.4M | −$4.9M | $1.2M | −$1.9M | −$2.7M | −$7.3M | −$4.8M | −$2.2M | −$5.7M | −$3.1M | −$7.9M |
| Interest income | — | — | — | — | — | — | — | — | $20,000 | — | — | — |
| Interest expense | $700,000 | $683,000 | $588,000 | $860,000 | $979,000 | $991,000 | $1.4M | $100,000 | $8,000 | $161,000 | $193,000 | $134,000 |
| Income before taxes | −$600,000 | −$3.3M | −$9.2M | $4.1M | −$37.6M | $3.0M | −$8.5M | −$5.6M | −$1.1M | $3.3M | −$6.9M | −$5.6M |
| Income taxes | — | $7,000 | −$26,000 | $9,000 | $33,000 | $12,000 | $600,000 | $1.1M | $22,000 | $5,000 | $5,000 | $1.3M |
| Net income | −$600,000 | −$3.3M | −$9.2M | $4.1M | −$37.6M | $3.0M | −$9.1M | −$5.6M | −$1.1M | $3.3M | −$6.9M | −$5.6M |
| EBITDA | $311,000 | −$2.5M | −$8.5M | $5.2M | −$37.5M | $4.2M | −$7.5M | −$5.3M | −$656,000 | $3.9M | −$6.2M | −$5.0M |
| EPS (diluted) | −$0.05 | −$0.09 | −$0.03 | $0.03 | −$0.15 | −$0.07 | −$0.07 | $0.03 | −$0.30 | −$0.39 | −$0.12 | −$0.84 |
| Gross margin | 64.3% | 54.5% | 47.6% | 50.6% | 51.3% | 53.7% | 53.7% | 52.2% | 49.5% | 44.4% | 47.0% | 36.3% |
| Operating margin | 5.0% | −24.2% | −18.4% | 3.8% | −7.4% | −12.7% | −35.6% | −21.8% | −10.8% | −39.0% | −14.7% | −85.8% |
| Net margin | −1.8% | −14.9% | −34.6% | 12.9% | −144.4% | 14.3% | −44.2% | −25.4% | −5.5% | 22.2% | −33.0% | −61.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OWLT's financial statements (latest annual report filed March 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OWLT financial results
In fiscal year 2025 (ended December 31, 2025), Owlet reported revenue of $105.7 million, up 35.4% from the year before. It had a net loss of $39.7 million, a net profit margin of −37.5%. Diluted earnings per share came to −$0.22. Over five years revenue grew at an average rate of 7.0% a year.
See the OWLT stock overview for the latest quote and news, or the OWLT chart for price history and technical indicators.
OWLT income statement FAQ
What is Owlet's annual revenue?
Owlet reported total revenue of $105.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 35.4% from $78.1 million the previous year.
Is Owlet profitable?
No. Owlet reported a net loss of $39.7 million in fiscal 2025, a net profit margin of −37.5%; its operating margin was −7.8%.
What is Owlet's gross margin?
Owlet's gross margin was 50.6% in fiscal 2025: for every $100 of revenue, Owlet kept $51 after the direct cost of its products and services.
How much does Owlet spend on research and development?
Owlet spent $14.1 million on research and development in fiscal 2025, 13.3% of revenue.
How fast is Owlet growing?
Revenue grew 7.0% a year on average over the last five fiscal years, from $75.4 million to $105.7 million.
What are Owlet's earnings per share?
Owlet earned $-0.22 per diluted share in fiscal 2025, compared with $-0.73 a year earlier.
When will Owlet report its next earnings?
Owlet is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 after the market closes.
When does Owlet's fiscal year end?
Owlet's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 9, 2026.