NYSE : OWLT
Owlet, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 4.05 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 118.35M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Owlet, Inc. (OWLT) reported revenue of 114.41M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 114.41M | 105.71M | 78.06M | 54.01M | 69.20M | 75.84M |
| Cost of Revenue | 51.97M | 52.17M | 38.75M | 31.42M | 45.89M | 40.78M |
| Gross Profit | 62.44M | 53.53M | 39.31M | 22.59M | 23.31M | 35.06M |
| Selling, General & Admin | 54.56M | 47.72M | 47.85M | 40.87M | 80.04M | 64.05M |
| Research & Development | 15.95M | 14.08M | 9.80M | 10.35M | 27.90M | 21.43M |
| Operating Expenses | 70.51M | 61.79M | 57.66M | 51.22M | 107.93M | 85.48M |
| Operating Income | -8.07M | -8.26M | -18.35M | -28.63M | -84.62M | -50.42M |
| Interest Expense | -2.84M | -3.42M | -1.63M | -3.19M | -1.10M | -27.83M |
| Other Non Operating Income (Expenses) | 3.46M | -27.97M | 9.37M | -1.07M | 6.42M | 9.85M |
| EBT Excluding Unusual Items | -7.45M | -39.65M | -10.61M | -32.89M | -79.31M | -68.40M |
| Merger & Restructuring Charges | -5.37M | |||||
| Asset Writedown | -1.87M | |||||
| Other Unusual Items | -2.21M | 2.10M | ||||
| Pretax Income | -9.66M | -39.65M | -12.48M | -32.89M | -79.31M | -71.67M |
| Income Tax Expense | 28.00K | 54.00K | 10.00K | 29.00K | 31.00K | |
| Net Income | -9.66M | -39.68M | -12.54M | -32.90M | -79.34M | -71.70M |
| Preferred Dividends & Other Adjustments | 3.34M | 2.18M | 4.68M | -4.59K | ||
| Net Income to Common | -13.00M | -41.85M | -17.22M | -32.90M | -79.34M | -71.70M |
| Shares Outstanding (Basic) | 24.30M | 18.09M | 10.95M | 8.28M | 7.95M | 4.52M |
| Shares Outstanding (Diluted) | 24.30M | 18.09M | 10.95M | 8.28M | 7.95M | 4.52M |
| EPS (Basic) | -0.53 | -2.31 | -1.57 | -3.97 | -9.98 | -15.88 |
| EPS (Diluted) | -0.64 | -2.31 | -1.57 | -3.97 | -9.98 | -15.88 |
| Free Cash Flow | -8.53M | -11.06M | -11.24M | -23.54M | -82.02M | -41.52M |
| Free Cash Flow Per Share | -0.35 | -0.61 | -1.03 | -2.85 | -10.31 | -9.20 |
| Gross Margin | 54.57% | 50.64% | 50.36% | 41.82% | 33.69% | 46.23% |
| Operating Margin | -7.05% | -7.81% | -23.51% | -53.01% | -122.28% | -66.48% |
| Profit Margin | -11.36% | -39.59% | -22.06% | -60.91% | -114.64% | -94.54% |
| Free Cash Flow Margin | -7.45% | -10.47% | -14.41% | -43.59% | -118.52% | -54.75% |
| EBITDA | -7.83M | -8.06M | -17.98M | -27.79M | -83.20M | -49.29M |
| EBITDA Margin | -6.84% | -7.62% | -23.03% | -51.45% | -120.23% | -64.99% |
| D&A For EBITDA | 244.00K | 202.00K | 371.00K | 842.00K | 1.42M | 1.13M |
| EBIT | -8.07M | -8.26M | -18.35M | -28.63M | -84.62M | -50.42M |
| EBIT Margin | -7.05% | -7.81% | -23.51% | -53.01% | -122.28% | -66.48% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 30.95M | 35.46M | 20.25M | 16.56M | 11.23M | 95.05M |
| Cash & Short-Term Investments | 30.95M | 35.46M | 20.25M | 16.56M | 11.23M | 95.05M |
| Receivables | 33.13M | 22.93M | 12.14M | 13.97M | 15.96M | 10.47M |
| Inventory | 15.65M | 15.29M | 10.52M | 6.49M | 18.52M | 17.98M |
| Prepaid Expenses | 2.99M | 2.68M | 2.82M | 2.92M | 5.56M | 12.31M |
| Restricted Cash | 5.60M | 5.55M | 386.00K | |||
| Total Current Assets | 88.32M | 81.92M | 46.11M | 39.94M | 51.26M | 135.81M |
| Property, Plant & Equipment | 826.00K | 364.00K | 240.00K | 1.31M | 3.37M | 1.87M |
| Other Intangible Assets | 2.02M | 1.39M | 975.00K | 2.21M | 2.28M | 1.70M |
| Long-Term Deferred Charges | 280.00K | 525.00K | 1.47M | |||
| Other Long-Term Assets | 2.13M | 1.43M | 721.00K | 655.00K | 1.20M | 666.00K |
| Total Assets | 93.57M | 85.63M | 49.52M | 44.12M | 58.10M | 140.05M |
| Accounts Payable | 12.14M | 11.97M | 11.28M | 13.68M | 30.43M | 27.77M |
| Accrued Expenses | 20.66M | 17.95M | 15.39M | 10.96M | 10.41M | 9.89M |
| Short-Term Debt | 17.06M | 6.93M | 6.26M | 9.25M | 4.68M | |
| Current Portion of Long-Term Debt | 3.63M | 1.10M | 5.94M | 10.35M | 8.53M | |
| Current Portion of Leases | 63.00K | 83.00K | 1.17M | 2.10M | ||
| Current Unearned Revenue | 2.80M | 2.28M | 1.40M | 1.17M | 1.15M | 1.06M |
| Other Current Liabilities | 1.18M | 1.42M | 902.00K | 2.92M | 7.47M | 21.84M |
| Total Current Liabilities | 53.84M | 44.24M | 36.43M | 45.09M | 66.60M | 69.09M |
| Long-Term Debt | 2.46M | 4.33M | 7.99M | |||
| Long-Term Leases | 24.00K | 87.00K | 22.00K | 1.16M | ||
| Other Long-Term Liabilities | 2.90M | 7.86M | 29.82M | 28.69M | 975.00K | 7.77M |
| Total Liabilities | 56.74M | 54.59M | 70.66M | 73.80M | 68.74M | 84.86M |
| Common Stock | 3.00K | 3.00K | 2.00K | 1.00K | 1.00K | 11.00K |
| Additional Paid-In Capital | 334.21M | 326.91M | 238.44M | 218.13M | 212.12M | 198.60M |
| Retained Earnings | -311.07M | -307.87M | -268.19M | -255.66M | -222.76M | -143.42M |
| Total Common Equity | 23.14M | 19.04M | -29.75M | -37.53M | -10.63M | 55.19M |
| Shareholders' Equity | 36.83M | 31.04M | -21.15M | -29.68M | -10.63M | 55.19M |
| Total Liabilities & Equity | 93.57M | 85.63M | 49.52M | 44.12M | 58.10M | 140.05M |
| Total Debt | 17.06M | 13.12M | 11.87M | 16.39M | 18.30M | 16.53M |
| Net Cash (Debt) | 13.88M | 22.34M | 8.38M | 172.00K | -7.07M | 78.53M |
| Net Cash Per Share | 0.57 | 1.23 | 0.77 | 0.02 | -0.89 | 17.39 |
| Filing Date Shares Outstanding | 29.22M | 28.16M | 16.57M | 8.96M | 8.39M | 8.08M |
| Total Common Shares Outstanding | 28.81M | 26.95M | 15.73M | 8.80M | 8.24M | 8.07M |
| Working Capital | 34.48M | 37.67M | 9.68M | -5.15M | -15.34M | 66.72M |
| Book Value Per Share | 0.80 | 0.71 | -1.89 | -4.27 | -1.29 | 6.84 |
| Tangible Book Value | 21.12M | 17.65M | -30.73M | -39.74M | -12.91M | 53.49M |
| Tangible Book Value Per Share | 0.73 | 0.66 | -1.95 | -4.52 | -1.57 | 6.63 |
| Machinery | 3.51M | 2.90M | 3.23M | 3.62M | 4.03M | 3.54M |
| Leasehold Improvements | 3.00K | 3.00K | 35.00K | 35.00K | 29.00K | 26.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -9.66M | -39.68M | -12.54M | -32.90M | -79.34M | -71.70M |
| Depreciation & Amortization | 313.00K | 271.00K | 1.30M | 2.21M | 2.67M | 1.13M |
| Other Amortization | 2.05M | 2.47M | 1.18M | |||
| Asset Writedown & Restructuring Costs | 46.00K | 46.00K | 1.90M | 29.00K | ||
| Stock-Based Compensation | 12.94M | 9.35M | 8.63M | 9.93M | 12.86M | 4.26M |
| Provision & Write-off of Bad Debts | 238.00K | 129.00K | -193.00K | 1.02M | 3.01M | 201.00K |
| Other Operating Activities | -1.88M | 27.33M | -8.97M | 1.00M | -5.38M | 16.10M |
| Change in Accounts Receivable | -9.00M | -10.97M | 2.03M | 965.00K | -8.50M | -144.00K |
| Change in Inventory | -4.32M | -4.93M | -4.14M | 12.12M | -1.18M | -11.65M |
| Change in Accounts Payable | 2.44M | 5.43M | 1.32M | -19.50M | -10.72M | 32.12M |
| Change in Unearned Revenue | 1.06M | 912.00K | 240.00K | -84.00K | ||
| Change in Other Net Operating Assets | -1.99M | -1.15M | -1.98M | 1.68M | 5.20M | -10.87M |
| Operating Cash Flow | -7.76M | -10.79M | -11.21M | -23.53M | -81.38M | -40.56M |
| Capital Expenditures | -762.00K | -273.00K | -35.00K | -16.00K | -636.00K | -969.00K |
| Sale (Purchase) of Intangibles | -1.34M | -670.00K | -726.00K | -43.00K | -929.00K | -1.05M |
| Investing Cash Flow | -2.10M | -943.00K | -761.00K | -59.00K | -1.56M | -2.02M |
| Short-Term Debt Issued | 75.18M | 48.20M | 28.68M | 44.53M | 13.71M | |
| Long-Term Debt Issued | 7.50M | 500.00K | 5.00M | |||
| Total Debt Issued | 73.68M | 75.18M | 55.70M | 29.18M | 44.53M | 18.71M |
| Short-Term Debt Repaid | -74.64M | -51.51M | -25.53M | -40.03M | -21.19M | |
| Long-Term Debt Repaid | -488.00K | -5.00M | -3.50M | -6.00M | -1.00M | |
| Total Debt Repaid | -80.00M | -75.13M | -56.51M | -29.03M | -46.03M | -22.19M |
| Net Debt Issued (Repaid) | -6.33M | 55.00K | -816.00K | 156.00K | -1.50M | -3.49M |
| Issuance of Common Stock | 37.35M | 35.60M | 11.40M | 427.00K | 133.89M | |
| Repurchase of Common Stock | -5.35M | -1.62M | -1.03M | -397.00K | ||
| Other Financing Activities | -1.39M | -1.92M | -2.76M | -1.27M | 618.00K | -9.78M |
| Financing Cash Flow | 24.28M | 32.12M | 16.04M | 28.91M | -878.00K | 120.62M |
| Net Cash Flow | 14.42M | 20.38M | 4.07M | 5.33M | -83.82M | 78.05M |
| Free Cash Flow | -8.53M | -11.06M | -11.24M | -23.54M | -82.02M | -41.52M |
| Free Cash Flow Margin | -7.45% | -10.47% | -14.41% | -43.59% | -118.52% | -54.75% |
| Free Cash Flow Per Share | -0.35 | -0.61 | -1.03 | -2.85 | -10.31 | -9.20 |
| Levered Free Cash Flow | -10.94M | -12.10M | -4.37M | -11.89M | -49.98M | -33.75M |
| Unlevered Free Cash Flow | -10.76M | -12.12M | -4.44M | -9.90M | -49.29M | -16.36M |
| Cash Interest Paid | 1.67M | 1.59M | 4.05M | 1.88M | 1.07M | 1.77M |
| Cash Income Tax Paid | 37.00K | 45.00K | 30.00K | 11.00K | ||
| Change in Working Capital | -11.80M | -10.71M | -2.52M | -4.82M | -15.20M | 9.45M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 126.82M | 446.53M | 71.36M | 45.24M | 64.21M | 301.31M |
| Enterprise Value | 112.94M | 458.86M | 72.54M | 49.26M | 61.26M | 216.46M |
| Last Close Price | 4.05 | 16.19 | 4.45 | 5.28 | 7.83 | 37.38 |
| PS Ratio | 1.03 | 4.22 | 0.91 | 0.84 | 0.93 | 3.97 |
| PB Ratio | 5.04 | 14.39 | -3.37 | -1.52 | -6.04 | 5.46 |
| P/TBV Ratio | 5.60 | 25.30 | 5.63 | |||
| EV/Sales Ratio | 0.91 | 4.34 | 0.93 | 0.91 | 0.89 | 2.85 |
| Debt / Equity Ratio | 0.46 | 0.42 | -0.56 | -0.55 | -1.72 | 0.30 |
| Net Debt / Equity Ratio | -0.38 | -0.72 | 0.40 | 0.01 | -0.67 | -1.42 |
| Net Debt / EBITDA Ratio | 1.77 | 2.77 | 0.47 | 0.01 | -0.09 | 1.59 |
| Net Debt / FCF Ratio | 1.63 | 2.02 | 0.74 | 0.01 | -0.09 | 1.89 |
| Asset Turnover | 1.46 | 1.56 | 1.67 | 1.06 | 0.70 | 0.84 |
| Inventory Turnover | 3.85 | 4.04 | 4.55 | 2.51 | 2.52 | 3.15 |
| Quick Ratio | 1.19 | 1.32 | 0.89 | 0.68 | 0.41 | 1.53 |
| Current Ratio | 1.64 | 1.85 | 1.27 | 0.89 | 0.77 | 1.97 |
| Return on Equity (ROE) | -802.47% | -356.12% | -383.82% | |||
| Return on Assets (ROA) | -6.42% | -7.64% | -24.49% | -35.01% | -53.38% | -34.98% |
| Return on Capital Employed (ROCE) | -20.30% | -20.00% | -140.20% | 2,960.90% | 995.80% | -71.10% |
| Earnings Yield | -14.73% | -8.89% | -17.57% | -72.72% | -123.55% | -23.80% |
| FCF Yield | -7.20% | -2.48% | -15.76% | -52.04% | -127.72% | -13.78% |
| Buyback Yield / Dilution | -69.66% | -65.22% | -32.32% | -4.10% | -76.08% | -187.91% |