OWLT

MKT CAP:$96M

Owlet, Inc.

Market Cap

$96M

Healthcare·Medical - Devices·🇺🇸 United States·NYSE

Healthcare·Medical - Devices·🇺🇸·NYSE

Stock Price

$5.84-$10.33 (-63.88%)

Apr 21, 2026

Company Details

Owlet, Inc. operates as a digital parenting platform in the United States. The company's platform focuses on giving real-time data and insights to parents. Its products include Smart Sock, a baby monitor to track an infant's oxygen levels, ...

CEO

Jonathan Harris

IPO Date

Nov 5, 2020

Website

owletcare.com

Key Metrics TTM

Revenue

$96M

+45.8% YoY

Net Income

-$8M

EPS (Diluted)

-$0.95

Free Cash Flow

-$14M

Revenue / Share

$6.09

Gross Margin

52.3%

Operating Margin

-14.2%

Net Margin

-7.8%

FCF Margin

-14.2%

P/S

1.0x

P/E

—

Earnings Reports

Q4 2025

May 14, 2026

PENDING

Q3 2025

Nov 13, 2025

$32M+44.6%EPS $0.19

Q1 2025

May 8, 2025

$21M+43.1%EPS $0.11

FY 2024

Mar 11, 2025

$78M+44.5%EPS -$0.83

Q4 2024

Mar 11, 2025

$21M-2.4%EPS -$0.64

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$32M	$15M	-$14M
Q4 21	-$3M	-$6M	-$33M
Q1 22	$22M	$9M	-$22M
Q2 22	$18M	$7M	-$20M
Q3 22	$17M	$5M	-$22M
Q4 22	$12M	$3M	-$21M
Q1 23	$11M	$4M	-$11M
Q2 23	$13M	$5M	-$7M
Q3 23	$9M	$3M	-$8M
Q4 23	$21M	$10M	-$3M
Q1 24	$15M	$7M	-$6M
Q2 24	$21M	$10M	-$2M
Q3 24	$22M	$12M	-$5M
Q4 24	$21M	$11M	-$7M
Q1 25	$21M	$11M	-$3M
Q3 25	$32M	$16M	$1M

Valuation

Quarter	P/S	P/E
Q3 21	1.0x	—
Q4 21	1.3x	—
Q1 22	1.3x	—
Q2 22	1.4x	—
Q3 22	1.7x	—
Q4 22	1.4x	—
Q1 23	1.6x	—
Q2 23	1.8x	—
Q3 23	2.1x	—
Q4 23	1.8x	—
Q1 24	1.6x	—
Q2 24	1.5x	—
Q3 24	1.2x	—
Q4 24	1.2x	—
Q1 25	1.1x	—
Q3 25	1.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	-$19M	-$20M
Q4 21	-$6M	-$6M
Q1 22	-$27M	-$28M
Q2 22	-$28M	-$29M
Q3 22	-$16M	-$16M
Q4 22	-$10M	-$10M
Q1 23	-$9M	-$9M
Q2 23	-$7M	-$7M
Q3 23	-$5M	-$5M
Q4 23	-$2M	-$2M
Q1 24	-$3M	-$3M
Q2 24	-$3M	-$3M
Q3 24	-$8M	-$8M
Q4 24	$3M	$3M
Q1 25	-$6M	-$6M
Q3 25	-$2M	-$2M

Capital Expenditures

Quarter	CapEx
Q3 21	$851.0K
Q4 21	$460.0K
Q1 22	$700.0K
Q2 22	$543.0K
Q3 22	$160.0K
Q4 22	$162.0K
Q1 23	$8.0K
Q2 23	$0
Q3 23	$11.0K
Q4 23	$29.0K
Q1 24	$37.0K
Q2 24	$37.0K
Q3 24	$648.0K
Q4 24	$39.0K
Q1 25	$110.0K
Q3 25	$255.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+48.8%	+103.1%
Q4 21	-112.0%	+26.5%
Q1 22	-1.7%	+74.6%
Q2 22	-26.4%	+25.7%
Q3 22	-44.9%	-13.4%
Q4 22	+576.0%	+6.1%
Q1 23	-50.2%	-49.8%
Q2 23	-28.7%	-48.8%
Q3 23	-47.1%	-56.5%
Q4 23	+75.7%	-26.3%
Q1 24	+37.4%	-5.5%
Q2 24	+58.2%	+15.9%
Q3 24	+140.9%	+57.9%
Q4 24	-2.4%	+15.4%
Q1 25	+43.1%	+16.0%
Q3 25	+54.5%	+34.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$697.0K	2.2%
Q4 21	$2M	—
Q1 22	$3M	15.4%
Q2 22	$3M	17.8%
Q3 22	$2M	10.6%
Q4 22	$4M	37.1%
Q1 23	$3M	26.0%
Q2 23	$0	0.0%
Q3 23	$2M	24.1%
Q4 23	$2M	10.9%
Q1 24	$2M	15.1%
Q2 24	$2M	10.2%
Q3 24	$3M	12.3%
Q4 24	$2M	7.7%
Q1 25	$2M	7.9%
Q3 25	$1M	4.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 21	$6M	$9M	$13M
Q4 21	$7M	$10M	$10M
Q1 22	$9M	$10M	$12M
Q2 22	$8M	$9M	$10M
Q3 22	$7M	$10M	$10M
Q4 22	$5M	$12M	$7M
Q1 23	$3M	$9M	$3M
Q2 23	$3M	$6M	$3M
Q3 23	$2M	$5M	$3M
Q4 23	$2M	$7M	$4M
Q1 24	$2M	$6M	$4M
Q2 24	$2M	$6M	$4M
Q3 24	$3M	$10M	$4M
Q4 24	$3M	$12M	$4M
Q1 25	$3M	$7M	$4M
Q3 25	$4M	$6M	$5M

Revenue by Geography

Quarter	Non-US	United States
Q3 21	$3M	$28M
Q4 21	$4M	-$6M
Q1 22	$3M	$19M
Q2 22	$2M	$16M
Q3 22	$2M	$15M
Q4 22	$4M	$8M
Q1 23	$1M	$10M
Q2 23	$1M	$12M
Q3 23	$2M	$7M
Q4 23	$3M	$18M
Q1 24	$2M	$13M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$69M	$0	$69M
Q2 22	$37M	$0	$37M
Q3 22	$23M	$0	$23M
Q4 22	$11M	$0	$11M
Q1 23	$25M	$0	$25M
Q2 23	$25M	$0	$25M
Q3 23	$15M	$0	$15M
Q4 23	$17M	$0	$17M
Q1 24	$18M	$0	$18M
Q2 24	$15M	$0	$15M
Q3 24	$22M	$0	$22M
Q4 24	$20M	$0	$20M
Q1 25	$16M	$0	$16M
Q2 25	$22M	$0	$22M
Q3 25	$24M	$0	$24M
Q4 25	$36M	$0	$36M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	7M	+329.1%	+339.1%
Q4 21	8M	+13.9%	+399.2%
Q1 22	8M	+0.3%	+396.5%
Q2 22	8M	+0.4%	+391.8%
Q3 22	8M	+0.9%	+15.6%
Q4 22	8M	+0.4%	+2.0%
Q1 23	8M	+1.2%	+2.9%
Q2 23	8M	+1.3%	+3.8%
Q3 23	8M	+1.2%	+4.1%
Q4 23	8M	+1.9%	+5.6%
Q1 24	10M	+13.6%	+18.6%
Q2 24	9M	-7.8%	+8.0%
Q3 24	11M	+24.5%	+32.9%
Q4 24	15M	+36.8%	+78.4%
Q1 25	15M	+1.8%	+59.9%
Q3 25	16M	+2.2%	+77.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$11M	3
Q4 21	-$12.6K	200
Q1 22	$107.7K	200
Q2 22	$91.7K	200
Q3 22	$86.8K	200
Q4 22	$112.8K	106
Q1 23	$101.3K	106
Q2 23	$123.5K	106
Q3 23	$86.6K	106
Q4 23	$276.4K	76
Q1 24	$194.1K	76
Q2 24	$272.4K	76
Q3 24	$291.1K	76
Q4 24	$256.3K	80
Q1 25	$263.8K	80
Q3 25	$399.9K	80

Revenue / Employee