What is Owlet's operating income?

Owlet's total operating income in 2025 was -$8.26 million, based on the following breakdown: Total Gross Profit: $53.53 million Total Operating Expenses: $61.88 million

Owlet (OWLT) Financials

$5.90 +0.41 (+7.36%)

Closing price 07/9/2026 03:59 PM Eastern

Extended Trading

$5.76 -0.14 (-2.42%)

As of 07/9/2026 07:02 PM Eastern

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Annual Income Statements for Owlet

This table shows Owlet's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2022	12/31/2022	12/31/2024	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-11	-79	-79	-17	-17	-42
Consolidated Net Income / (Loss)	-11	-79	-79	-13	-13	-40
Net Income / (Loss) Continuing Operations	-11	-79	-79	-13	-13	-40
Total Pre-Tax Income	-11	-79	-79	-12	-12	-40
Total Operating Income	-6.99	-85	-85	-20	-20	-8.26
Total Gross Profit	36	23	23	39	39	54
Total Revenue	75	69	69	78	78	106
Operating Revenue	75	69	69	78	78	106
Total Cost of Revenue	40	46	46	39	39	52
Operating Cost of Revenue	40	46	46	39	39	52
Total Operating Expenses	43	108	108	60	60	62
Selling, General & Admin Expense	13	42	42	34	34	29
Marketing Expense	19	38	38	16	16	18
Research & Development Expense	10	28	28	9.80	9.80	14
Other Operating Expenses / (Income)	-	-	-	0.03	0.03	0.08
Total Other Income / (Expense), net	-3.51	5.31	5.31	7.74	7.74	-31
Interest & Investment Income	-	-	-	-	-1.63	-3.42
Other Income / (Expense), net	-2.13	6.42	6.42	9.37	9.37	-28
Income Tax Expense	0.02	0.03	0.03	0.05	0.05	0.03
Preferred Stock Dividends Declared	-	-	0.00	4.93	4.93	3.39
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	-	-0.25	-0.25	-1.22
Basic Earnings per Share	($0.48)	($0.71)	($9.98)	($1.57)	($1.57)	($2.31)
Weighted Average Basic Shares Outstanding	21.96M	111.31M	7.95M	10.95M	10.95M	18.09M
Diluted Earnings per Share	($0.48)	($0.71)	($9.98)	($1.57)	($1.42)	($2.16)
Weighted Average Diluted Shares Outstanding	21.96M	111.31M	7.95M	10.95M	10.95M	18.09M
Weighted Average Basic & Diluted Shares Outstanding	-	117.47M	-	16.57M	-	28.16M

This table shows Owlet's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2024	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-6.96	12	1.29	-2.68	-6.76	-9.06	1.75	-37	2.68	-9.09	-4.14
Consolidated Net Income / (Loss)	-5.64	13	3.27	-1.15	-5.61	-9.05	3.03	-38	4.13	-9.19	-3.34
Net Income / (Loss) Continuing Operations	-5.64	13	3.27	-1.15	-5.61	-9.05	3.03	-38	4.13	-9.19	-3.34
Total Pre-Tax Income	-5.64	13	3.27	-1.13	-5.61	-9.02	3.04	-38	4.14	-9.22	-3.33
Total Operating Income	-7.88	5.33	-5.75	-2.24	-4.82	-7.41	-2.67	-1.92	1.22	-4.89	-5.49
Total Gross Profit	3.33	27	6.55	10	12	11	11	13	16	13	12
Total Revenue	9.18	45	15	21	22	20	21	26	32	27	22
Operating Revenue	9.18	45	15	21	22	20	21	26	32	27	22
Total Cost of Revenue	5.85	18	8.20	10	11	9.52	9.78	13	16	14	10
Operating Cost of Revenue	5.85	18	8.20	10	11	9.52	9.78	13	16	14	10
Total Operating Expenses	11	21	12	12	16	18	14	15	15	18	18
Selling, General & Admin Expense	5.45	14	6.05	6.29	9.79	12	7.09	7.23	6.27	8.65	9.30
Marketing Expense	3.34	5.99	3.90	3.85	4.02	3.99	4.00	4.32	4.93	5.23	4.47
Research & Development Expense	2.43	1.74	2.35	2.35	2.56	2.54	2.90	3.75	3.79	3.64	3.96
Total Other Income / (Expense), net	2.24	8.16	9.02	1.12	-0.79	-1.61	5.71	-36	2.93	-4.33	2.16
Interest Expense	0.13	-1.37	0.16	-0.02	0.11	-	0.99	0.98	0.86	-	0.68
Other Income / (Expense), net	2.37	6.79	9.18	1.10	-0.68	-0.24	6.70	-35	3.79	-3.74	2.85
Income Tax Expense	0.00	0.05	0.00	0.02	0.00	0.03	0.01	0.03	0.01	-0.03	0.01
Preferred Stock Dividends Declared	1.32	1.63	1.33	1.54	1.20	0.86	0.85	0.85	0.82	0.88	0.85
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.66	0.00	-0.06	-	0.34	-	0.64	-	0.00
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	0.00	-	0.00	0.00	0.00	-0.25	0.09	-1.31	-0.02	0.13	-0.04
Basic Earnings per Share	($0.84)	$1.10	$0.15	($0.30)	($0.61)	($0.83)	$0.11	($2.37)	$0.17	($0.22)	($0.15)
Weighted Average Basic Shares Outstanding	8.31M	10.95M	8.74M	8.87M	11.04M	10.95M	15.38M	15.72M	16.20M	18.09M	27.42M
Diluted Earnings per Share	($0.84)	$1.10	($0.51)	($0.30)	($0.61)	($0.83)	$0.11	($2.37)	($0.06)	$0.16	($0.25)
Weighted Average Diluted Shares Outstanding	8.31M	10.95M	9.62M	8.87M	11.04M	10.95M	15.38M	15.72M	19.31M	18.09M	27.56M
Weighted Average Basic & Diluted Shares Outstanding	8.57M	16.57M	9.05M	9.41M	16.04M	0.00	16.52M	17.04M	27.58M	28.16M	29.00M

This table details how cash moves in and out of Owlet's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2022	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	5.27	-84	-84	3.81	4.07	20
Net Cash From Operating Activities	-0.13	-81	-81	-24	-11	-11
Net Cash From Continuing Operating Activities	-0.13	-81	-81	-24	-11	-11
Net Income / (Loss) Continuing Operations	-11	-79	-79	-33	-13	-40
Consolidated Net Income / (Loss)	-11	-79	-79	-33	-13	-40
Depreciation Expense	0.87	1.42	1.42	0.84	0.45	0.52
Amortization Expense	-	1.25	1.25	1.37	2.02	2.22
Non-Cash Adjustments To Reconcile Net Income	3.83	10	10	12	1.88	10
Changes in Operating Assets and Liabilities, net	5.69	-15	-15	-4.82	-3.03	16
Net Cash From Investing Activities	-1.06	-1.57	-1.57	-0.06	-0.76	-0.94
Net Cash From Continuing Investing Activities	-1.06	-1.57	-1.57	-0.06	-0.76	-0.94
Purchase of Property, Plant & Equipment	-0.97	-0.64	-0.64	-0.02	-0.67	-0.83
Acquisitions	-0.09	-0.93	-0.93	-0.04	-0.09	-0.11
Net Cash From Financing Activities	6.46	-0.88	-0.88	29	16	32
Net Cash From Continuing Financing Activities	6.46	-0.88	-0.88	27	16	32
Repayment of Debt	-12	-45	-45	-29	-58	-75
Repurchase of Common Equity	-	-	-	-1.51	-0.98	-2.03
Issuance of Debt	16	45	45	29	56	75
Issuance of Preferred Equity	-	-	0.00	28	9.25	0.00
Issuance of Common Equity	-	-	-	0.43	11	34
Other Financing Activities, net	2.08	0.00	-	-0.40	-1.48	-0.08
Cash Interest Paid	-	1.08	1.08	1.88	4.05	1.59
Cash Income Taxes Paid	-	-	-	0.01	0.03	0.05

This table details how cash moves in and out of Owlet's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2024	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-9.58	0.14	1.84	-3.03	6.52	-1.25	-4.02	5.52	1.93	17	-0.00
Net Cash From Operating Activities	-5.19	11	-3.36	-3.37	-7.49	3.01	-5.93	-2.25	-2.17	-0.45	-5.05
Net Cash From Continuing Operating Activities	-5.19	11	-3.36	-3.37	-7.49	3.01	-5.93	-2.25	-2.17	-0.45	-5.05
Net Income / (Loss) Continuing Operations	-5.64	13	3.27	-1.15	-5.61	-9.05	3.03	-38	4.13	-9.19	-3.34
Consolidated Net Income / (Loss)	-5.64	13	3.27	-1.15	-5.61	-9.05	3.03	-38	4.13	-9.19	-3.34
Depreciation Expense	0.18	-0.25	0.11	0.10	0.12	0.12	0.12	0.11	0.14	0.15	0.19
Amortization Expense	0.35	1.01	0.36	0.37	0.20	1.10	0.66	0.61	0.47	0.45	0.37
Non-Cash Adjustments To Reconcile Net Income	0.96	-3.50	-7.32	1.09	4.72	3.39	1.92	37	-26	4.62	3.53
Changes in Operating Assets and Liabilities, net	-1.04	0.05	0.22	-3.78	-6.92	7.45	-12	-1.99	19	3.52	-5.80
Net Cash From Investing Activities	-0.01	-0.73	-0.04	-0.04	-0.51	-0.17	-0.11	-0.09	-0.26	-0.49	-0.42
Net Cash From Continuing Investing Activities	-0.01	-0.73	-0.04	-0.04	-0.51	-0.17	-0.11	-0.09	-0.26	-0.49	-0.42
Purchase of Property, Plant & Equipment	-0.01	-0.66	0.00	-0.00	-0.49	-0.18	-0.11	-0.06	-0.22	-0.44	-0.38
Acquisitions	-0.01	-0.07	-0.04	-0.03	-0.02	0.01	0.00	-0.03	-0.03	-0.05	-0.03
Net Cash From Financing Activities	-4.38	-9.87	5.23	0.37	15	-4.08	2.01	7.85	4.36	18	5.46
Net Cash From Continuing Financing Activities	-4.38	-9.87	5.23	0.37	15	-4.08	2.01	7.85	4.36	18	5.46
Repayment of Debt	-24	19	-11	-9.58	-14	-23	-11	-13	-30	-20	-8.59
Repurchase of Common Equity	-	-	0.00	-	-	-0.98	0.00	-0.24	0.22	-1.99	-0.03
Issuance of Debt	21	-18	7.25	10	19	20	13	20	35	7.45	14
Issuance of Common Equity	-	10	0.03	0.06	11	0.47	0.40	0.23	0.34	33	3.04
Other Financing Activities, net	-	-0.67	-0.03	-0.06	-1.08	-0.31	-0.41	1.60	-0.60	-0.68	-3.14
Cash Interest Paid	-	-	0.42	0.37	1.68	1.59	0.36	0.41	0.38	0.44	0.36

This table presents Owlet's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2022	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	40	58	58	44	50	86
Total Current Assets	38	51	51	40	46	82
Cash & Equivalents	17	11	11	17	20	35
Restricted Cash	-	-	-	0.00	0.39	5.55
Accounts Receivable	11	16	16	14	12	23
Inventories, net	7.91	19	19	6.49	11	15
Prepaid Expenses	2.17	5.56	5.56	2.92	2.82	2.68
Plant, Property, & Equipment, net	1.72	1.11	1.11	0.38	0.10	0.30
Total Noncurrent Assets	0.79	5.73	5.73	3.80	3.30	3.42
Intangible Assets	0.61	2.28	2.28	2.21	0.98	1.39
Other Noncurrent Operating Assets	0.18	3.46	3.46	1.59	2.33	2.03
Total Liabilities & Shareholders' Equity	40	58	58	44	50	86
Total Liabilities	61	69	69	74	66	50
Total Current Liabilities	47	67	67	45	36	44
Short-Term Debt	12	15	15	15	7.37	11
Accounts Payable	23	30	30	14	11	12
Accrued Expenses	11	20	20	15	16	19
Current Deferred Revenue	1.64	1.15	1.15	1.17	1.40	2.28
Total Noncurrent Liabilities	14	2.14	2.14	29	30	5.93
Long-Term Debt	10	0.00	-	0.00	4.33	2.46
Other Noncurrent Operating Liabilities	3.49	2.14	2.14	29	26	3.47
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	47	-	0.00	7.86	13	16
Total Equity & Noncontrolling Interests	-68	-11	-11	-38	-30	19
Total Preferred & Common Equity	-68	-11	-11	-38	-30	19
Total Common Equity	-68	-11	-11	-38	-30	19
Common Stock	3.71	212	212	218	238	327
Retained Earnings	-72	-223	-223	-256	-268	-308

This table presents Owlet's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	42	44	46	56	51	64	75	87
Total Current Assets	38	40	43	52	48	61	72	82
Cash & Equivalents	15	18	15	22	16	22	24	35
Restricted Cash	-	-	-	0.30	0.30	0.30	0.30	5.55
Accounts Receivable	9.42	12	17	17	17	24	29	20
Inventories, net	11	7.74	8.10	11	12	11	15	18
Prepaid Expenses	1.91	2.29	2.17	2.73	3.47	2.87	4.47	3.39
Plant, Property, & Equipment, net	0.50	0.28	0.19	0.15	0.10	0.19	0.29	0.72
Total Noncurrent Assets	4.26	3.52	3.17	3.70	2.88	2.61	2.94	3.59
Intangible Assets	2.22	2.21	2.22	0.87	1.05	0.98	1.22	1.75
Other Noncurrent Operating Assets	2.05	1.31	0.95	2.83	1.83	1.64	1.72	1.84
Total Liabilities & Shareholders' Equity	42	44	46	56	51	64	75	87
Total Liabilities	67	66	67	66	63	108	113	51
Total Current Liabilities	41	39	42	36	41	53	63	48
Short-Term Debt	12	11	12	10	10	17	22	17
Accounts Payable	18	16	18	12	13	13	18	12
Accrued Expenses	10	11	12	12	16	21	21	17
Current Deferred Revenue	0.91	1.14	1.24	1.40	1.46	1.75	2.12	2.41
Total Noncurrent Liabilities	26	26	25	30	23	55	51	2.77
Long-Term Debt	0.50	-	-	4.59	3.85	3.38	2.93	1.95
Other Noncurrent Operating Liabilities	26	26	25	25	19	52	48	0.82
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	6.91	11	13	12	14	15	16	15
Total Equity & Noncontrolling Interests	-32	-33	-33	-21	-26	-59	-54	21
Total Preferred & Common Equity	-32	-33	-33	-21	-26	-59	-54	21
Total Common Equity	-32	-33	-33	-21	-26	-59	-54	21
Common Stock	217	219	220	238	239	244	245	332
Retained Earnings	-249	-252	-254	-259	-265	-303	-299	-311

This table displays calculated financial ratios and metrics derived from Owlet's official financial filings.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2022	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	28,750,000.00	114,852,448.00	114,852,448.00	8,568,796.00	16,036,085.00	27,580,607.00
DEI Adjusted Shares Outstanding	2,053,571.00	8,203,746.00	8,203,746.00	8,568,796.00	16,036,085.00	27,580,607.00
DEI Earnings Per Adjusted Shares Outstanding	-5.12	-9.67	-9.67	-4.38	-1.07	-1.52
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	-8.22%	0.00%	-21.95%	0.00%	35.43%
EBITDA Growth	0.00%	-834.64%	2.00%	63.61%	69.53%	-299.80%
EBIT Growth	0.00%	-757.58%	0.00%	62.02%	63.46%	-233.87%
NOPAT Growth	0.00%	-1,110.40%	0.00%	66.16%	29.38%	59.14%
Net Income Growth	0.00%	-654.07%	0.00%	58.53%	0.00%	-216.51%
EPS Growth	0.00%	-47.92%	-1,305.63%	54.61%	9.55%	-52.11%
Operating Cash Flow Growth	0.00%	-31,338.76%	-100.66%	71.09%	0.00%	3.72%
Free Cash Flow Firm Growth	0.00%	0.00%	-46.15%	105.50%	-566.46%	-100.59%
Invested Capital Growth	0.00%	-46.53%	70.74%	-354.58%	17.05%	129.03%
Revenue Q/Q Growth	0.00%	0.00%	26.44%	20.12%	-23.94%	6.09%
EBITDA Q/Q Growth	0.00%	0.00%	7.26%	30.56%	-176.70%	4.99%
EBIT Q/Q Growth	0.00%	0.00%	5.60%	29.26%	-221.78%	-2.79%
NOPAT Q/Q Growth	0.00%	0.00%	12.95%	38.15%	-90.52%	23.38%
Net Income Q/Q Growth	0.00%	0.00%	5.43%	27.65%	-225.93%	-0.35%
EPS Q/Q Growth	0.00%	0.00%	5.04%	22.83%	-505.71%	16.28%
Operating Cash Flow Q/Q Growth	0.00%	-2.66%	-5.13%	25.96%	-222.75%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	167.76%	-1.43%	-380.64%
Invested Capital Q/Q Growth	0.00%	0.00%	-288.40%	-10.82%	-58.29%	119.82%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	47.58%	33.69%	33.69%	41.82%	50.36%	50.64%
EBITDA Margin	-10.94%	-111.37%	-109.15%	-50.90%	-10.73%	-31.68%
Operating Margin	-9.27%	-122.28%	-122.28%	-53.01%	-25.90%	-7.81%
EBIT Margin	-12.09%	-113.01%	-113.01%	-54.99%	-13.90%	-34.28%
Profit (Net Income) Margin	-13.95%	-114.64%	-114.64%	-60.92%	-16.06%	-37.54%
Tax Burden Percent	100.19%	100.04%	100.04%	100.03%	100.43%	100.07%
Interest Burden Percent	115.16%	101.41%	101.41%	110.74%	115.02%	109.43%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	50.53%	-461.66%	-356.12%	163.24%	74.56%	-425.71%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	-521.87%
Operating Return on Assets (OROA)	-22.73%	-86.81%	-78.93%	-58.11%	-21.92%	-53.62%
Return on Assets (ROA)	-26.23%	-88.07%	-80.08%	-64.37%	-25.32%	-58.72%
Return on Common Equity (ROCE)	165.05%	172.17%	-356.12%	195.04%	131.92%	244.56%
Return on Equity Simple (ROE_SIMPLE)	15.47%	-143.75%	745.99%	87.66%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-4.89	-59	-59	-20	-14	-5.78
NOPAT Margin	-6.49%	-85.59%	-85.59%	-37.11%	-18.13%	-5.47%
Net Nonoperating Expense Percent (NNEP)	114.96%	-54.60%	-53.81%	1,052.26%	31.43%	-183.64%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	89.73%	78.40%	-18.03%
Cost of Revenue to Revenue	52.42%	66.31%	66.31%	58.18%	49.64%	49.36%
SG&A Expenses to Revenue	17.43%	60.04%	60.04%	50.63%	43.52%	27.67%
R&D to Revenue	13.88%	40.31%	40.31%	19.16%	12.56%	13.32%
Operating Expenses to Revenue	56.85%	155.97%	155.97%	94.83%	76.30%	58.54%
Earnings before Interest and Taxes (EBIT)	-9.12	-78	-78	-30	-11	-36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-8.25	-77	-76	-27	-8.38	-33
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.16	0.00	0.00	0.00	23.45
Price to Tangible Book Value (P/TBV)	0.00	1.20	0.00	0.00	0.00	25.30
Price to Revenue (P/Rev)	3.88	0.93	0.93	0.84	0.91	4.22
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	58.20
Enterprise Value to Revenue (EV/Rev)	4.57	0.00	0.98	0.96	0.97	4.11
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	12.41	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	-1.05	0.30	-1.41	-0.51	-0.70	0.37
Long-Term Debt to Equity	-0.49	0.14	0.00	0.00	-0.26	0.07
Financial Leverage	-0.24	-2.14	-1.68	-0.06	0.31	-1.98
Leverage Ratio	-1.93	5.24	4.45	-2.54	-2.94	7.25
Compound Leverage Factor	-2.22	5.32	4.51	-2.81	-3.39	7.93
Debt to Total Capital	2,022.53%	23.04%	341.54%	-104.92%	-228.59%	26.87%
Short-Term Debt to Total Capital	1,082.55%	11.90%	341.54%	-104.92%	-143.95%	21.79%
Long-Term Debt to Total Capital	939.98%	11.15%	0.00%	0.00%	-84.64%	5.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4,357.16%	0.00%	0.00%	-54.24%	-252.82%	33.85%
Common Equity to Total Capital	-6,279.69%	76.96%	-241.54%	259.16%	581.41%	39.27%
Debt to EBITDA	-2.66	-0.21	-0.20	-0.55	-1.40	-0.39
Net Debt to EBITDA	-0.59	1.02	-0.05	0.05	1.07	0.84
Long-Term Debt to EBITDA	-1.23	-0.10	0.00	0.00	-0.52	-0.07
Debt to NOPAT	-4.48	-0.28	-0.25	-0.76	-0.83	-2.25
Net Debt to NOPAT	-1.00	1.33	-0.06	0.07	0.63	4.84
Long-Term Debt to NOPAT	-2.08	-0.13	0.00	0.00	-0.31	-0.43
Altman Z-Score	1.22	-1.76	-8.37	-8.88	-5.85	0.67
Noncontrolling Interest Sharing Ratio	-226.64%	137.29%	0.00%	-19.49%	-76.94%	157.45%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.80	1.97	0.77	0.89	1.27	1.85
Quick Ratio	0.58	1.53	0.41	0.68	0.89	1.32
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-52	-76	4.17	-19	-39
Operating Cash Flow to CapEx	-13.34%	-4,185.35%	-12,795.60%	-147,043.75%	-1,663.06%	-1,301.81%
Free Cash Flow to Firm to Interest Expense	0.00	-46.94	-68.61	1.31	0.00	0.00
Operating Cash Flow to Interest Expense	-0.09	-36.74	-73.71	-7.37	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-0.79	-37.61	-74.29	-7.38	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	1.88	0.77	0.70	1.06	1.58	1.56
Accounts Receivable Turnover	7.16	6.59	5.24	3.61	6.43	6.03
Inventory Turnover	5.00	3.54	2.51	2.51	3.68	4.04
Fixed Asset Turnover	43.89	38.57	46.48	72.74	765.25	532.53
Accounts Payable Turnover	1.70	1.80	1.58	1.42	3.43	4.49
Days Sales Outstanding (DSO)	50.95	55.36	69.69	101.14	56.75	60.54
Days Inventory Outstanding (DIO)	73.06	102.97	145.14	145.24	99.13	90.29
Days Payable Outstanding (DPO)	215.28	203.14	231.45	256.19	106.27	81.32
Cash Conversion Cycle (CCC)	-91.27	-44.80	-16.62	-9.81	49.61	69.52
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	-16	-23	-6.83	-31	-26	7.47
Invested Capital Turnover	-4.73	-3.53	-4.59	-2.85	-2.75	-11.57
Increase / (Decrease) in Invested Capital	0.00	-7.41	17	-24	5.29	33
Enterprise Value (EV)	344	-14	68	52	75	435
Market Capitalization	292	64	64	45	71	447
Book Value per Share	($2.37)	$0.48	($0.09)	($4.38)	($1.86)	$0.69
Tangible Book Value per Share	($2.39)	$0.47	($0.11)	($4.64)	($1.92)	$0.64
Total Capital	1.08	72	4.40	-14	-5.12	48
Total Debt	22	17	15	15	12	13
Total Long-Term Debt	10	7.99	0.00	0.00	4.33	2.46
Net Debt	4.90	-79	3.81	-1.36	-8.93	-28
Capital Expenditures (CapEx)	0.97	0.97	0.64	0.02	0.67	0.83
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-15	-20	-12	-6.51	-3.58	7.23
Debt-free Net Working Capital (DFNWC)	2.07	75	-0.30	10	17	48
Net Working Capital (NWC)	-9.66	67	-15	-5.15	9.68	38
Net Nonoperating Expense (NNE)	5.63	20	20	13	-1.62	34
Net Nonoperating Obligations (NNO)	4.90	-79	3.81	-1.36	-8.93	-28
Total Depreciation and Amortization (D&A)	0.87	1.13	2.67	2.21	2.48	2.75
Debt-free, Cash-free Net Working Capital to Revenue	-19.82%	-28.60%	-16.67%	-12.05%	-4.59%	6.84%
Debt-free Net Working Capital to Revenue	2.74%	108.75%	-0.44%	18.60%	21.84%	45.64%
Net Working Capital to Revenue	-12.81%	96.42%	-22.17%	-9.53%	12.41%	35.64%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($9.94)	$0.00	($4.53)	$0.00	($2.31)
Adjusted Weighted Average Basic Shares Outstanding	0.00	7.95M	0.00	8.28M	0.00	18.09M
Adjusted Diluted Earnings per Share	$0.00	($9.94)	$0.00	($4.53)	$0.00	($2.16)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	7.95M	0.00	8.28M	0.00	18.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	8.39M	0.00	16.57M	0.00	28.16M
Normalized Net Operating Profit after Tax (NOPAT)	-4.89	-59	-59	-20	-14	-5.78
Normalized NOPAT Margin	-6.49%	-85.59%	-85.59%	-37.11%	-18.13%	-5.47%
Pre Tax Income Margin	-13.93%	-114.60%	-114.60%	-60.90%	-15.99%	-37.51%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	-6.60	-70.84	-70.84	-9.31	0.00	0.00
NOPAT to Interest Expense	-3.54	-53.65	-53.65	-6.28	0.00	0.00
EBIT Less CapEx to Interest Expense	-7.30	-71.71	-71.41	-9.31	0.00	0.00
NOPAT Less CapEx to Interest Expense	-4.24	-54.53	-54.23	-6.29	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-4.60%	-7.83%	-5.12%

This table displays calculated financial ratios and metrics derived from Owlet's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2024	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	8,477,224.00	16,036,085.00	8,964,338.00	9,047,883.00	9,412,953.00	16,036,085.00	16,566,429.00	16,524,690.00	17,044,460.00	27,580,607.00	28,160,468.00
DEI Adjusted Shares Outstanding	8,477,224.00	16,036,085.00	8,964,338.00	9,047,883.00	9,412,953.00	16,036,085.00	16,566,429.00	16,524,690.00	17,044,460.00	27,580,607.00	28,160,468.00
DEI Earnings Per Adjusted Shares Outstanding	-0.82	0.75	0.14	-0.30	-0.72	-0.57	0.11	-2.25	0.16	-0.33	-0.15
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-47.11%	276.77%	37.39%	58.15%	140.93%	-54.53%	43.08%	25.91%	44.60%	29.62%	6.41%
EBITDA Growth	72.72%	168.77%	146.26%	91.38%	-3.93%	-150.93%	23.23%	-5,212.43%	208.44%	-24.96%	-143.49%
EBIT Growth	70.94%	163.74%	137.93%	86.39%	0.15%	-163.06%	17.26%	-3,099.56%	190.98%	-12.89%	-165.69%
NOPAT Growth	63.89%	136.58%	25.08%	66.58%	38.81%	-197.65%	53.70%	14.48%	135.95%	34.03%	-44.50%
Net Income Growth	70.87%	168.93%	127.59%	86.45%	0.53%	-167.36%	-7.61%	-3,182.21%	173.68%	-1.52%	-210.28%
EPS Growth	65.29%	0.00%	66.88%	74.79%	27.38%	-175.45%	121.57%	-690.00%	90.16%	119.28%	-327.27%
Operating Cash Flow Growth	67.32%	83.96%	64.20%	54.42%	-44.28%	-72.02%	-76.55%	33.28%	71.04%	-115.04%	14.78%
Free Cash Flow Firm Growth	538.29%	195.15%	-325.44%	-131.85%	-172.91%	-135.49%	-83.08%	345.11%	249.89%	-249.76%	-90.39%
Invested Capital Growth	-1,493.17%	-354.58%	10.74%	21.68%	41.92%	17.05%	49.17%	-89.18%	-131.85%	129.03%	192.48%
Revenue Q/Q Growth	-29.84%	390.63%	-67.26%	40.33%	6.87%	-7.40%	3.02%	23.50%	22.73%	-16.99%	-15.43%
EBITDA Q/Q Growth	36.44%	353.09%	-69.07%	-117.33%	-665.98%	-24.02%	174.84%	-847.23%	115.64%	-242.92%	73.96%
EBIT Q/Q Growth	34.52%	320.08%	-71.66%	-133.33%	-380.26%	-38.99%	152.70%	-1,009.51%	113.66%	-272.46%	69.33%
NOPAT Q/Q Growth	-17.37%	196.28%	-208.20%	72.66%	-114.88%	-53.63%	48.70%	49.51%	190.33%	-381.94%	-12.38%
Net Income Q/Q Growth	33.38%	338.24%	-75.64%	-135.03%	-389.19%	-61.33%	133.42%	-1,344.53%	110.98%	-322.30%	63.70%
EPS Q/Q Growth	29.41%	0.00%	-146.36%	41.18%	-103.33%	-36.07%	113.25%	-2,254.55%	97.47%	366.67%	-256.25%
Operating Cash Flow Q/Q Growth	29.65%	69.66%	-131.24%	-0.27%	-122.70%	140.11%	-297.11%	62.11%	3.34%	79.17%	-1,017.04%
Free Cash Flow Firm Q/Q Growth	-20.54%	42.38%	-131.26%	9.93%	-81.90%	30.70%	-61.24%	220.59%	11.24%	-261.71%	12.23%
Invested Capital Q/Q Growth	9.91%	-10.82%	6.75%	15.88%	33.20%	-58.29%	42.86%	-213.10%	18.13%	119.82%	82.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.26%	59.03%	44.39%	49.53%	52.19%	53.52%	53.67%	51.34%	50.64%	47.55%	54.50%
EBITDA Margin	-54.26%	27.99%	26.44%	-3.27%	-23.41%	-31.35%	22.77%	-137.79%	17.55%	-30.22%	-9.31%
Operating Margin	-85.82%	11.83%	-38.96%	-10.84%	-21.80%	-36.16%	-12.66%	-7.36%	3.80%	-18.40%	-24.46%
EBIT Margin	-59.98%	26.90%	23.29%	-5.53%	-24.86%	-37.31%	19.09%	-140.56%	15.64%	-32.49%	-11.78%
Profit (Net Income) Margin	-61.44%	29.83%	22.20%	-5.54%	-25.36%	-44.19%	14.33%	-144.45%	12.92%	-34.61%	-14.86%
Tax Burden Percent	100.00%	99.64%	100.00%	101.96%	100.00%	100.35%	99.60%	100.09%	99.78%	99.72%	100.21%
Interest Burden Percent	102.43%	111.29%	95.31%	98.25%	102.04%	118.02%	75.40%	102.67%	82.81%	106.82%	125.81%
Effective Tax Rate	0.00%	0.36%	0.00%	0.00%	0.00%	0.00%	0.40%	0.00%	0.22%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	441.04%	163.24%	-13.80%	-46.64%	-57.83%	74.56%	75.67%	150.91%	164.79%	-425.71%	-386.14%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-521.87%	-265.16%
Operating Return on Assets (OROA)	-43.86%	28.43%	34.83%	-9.62%	-51.84%	-58.82%	33.84%	-230.61%	23.79%	-50.83%	-18.26%
Return on Assets (ROA)	-44.93%	31.52%	33.20%	-9.63%	-52.90%	-69.66%	25.41%	-236.98%	19.66%	-54.14%	-23.02%
Return on Common Equity (ROCE)	589.10%	195.04%	-19.53%	-66.58%	-89.71%	131.92%	131.54%	213.92%	259.61%	244.56%	77.65%
Return on Equity Simple (ROE_SIMPLE)	142.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-5.52	5.31	-5.75	-1.57	-3.38	-5.19	-2.66	-1.34	1.21	-3.42	-3.84
NOPAT Margin	-60.07%	11.79%	-38.96%	-7.59%	-15.26%	-25.31%	-12.61%	-5.15%	3.79%	-12.88%	-17.12%
Net Nonoperating Expense Percent (NNEP)	-2.73%	-665.17%	76.38%	6.58%	-45.42%	-75.10%	115.27%	-1,424.51%	97.53%	-31.26%	4.07%
Return On Investment Capital (ROIC_SIMPLE)	-	-23.78%	26.49%	7.28%	51.67%	28.72%	22.34%	3.48%	-4.16%	-10.67%	-9.66%
Cost of Revenue to Revenue	63.74%	40.97%	55.61%	50.47%	47.81%	46.48%	46.33%	48.66%	49.36%	52.45%	45.50%
SG&A Expenses to Revenue	59.33%	30.03%	41.02%	30.39%	44.24%	57.80%	33.61%	27.73%	19.61%	32.58%	41.42%
R&D to Revenue	26.42%	3.86%	15.91%	11.37%	11.57%	12.40%	13.76%	14.40%	11.83%	13.69%	17.62%
Operating Expenses to Revenue	122.08%	47.25%	83.34%	60.37%	74.01%	89.78%	66.32%	58.78%	46.91%	66.04%	78.96%
Earnings before Interest and Taxes (EBIT)	-5.51	12	3.44	-1.15	-5.50	-7.64	4.03	-37	5.00	-8.63	-2.65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4.98	13	3.90	-0.68	-5.18	-6.42	4.81	-36	5.62	-8.03	-2.09
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	23.45	6.89
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	25.30	7.51
Price to Revenue (P/Rev)	0.84	1.32	0.47	0.42	0.41	0.91	0.72	1.55	1.45	4.22	1.35
Price to Earnings (P/E)	0.00	0.00	0.00	10.08	10.83	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	9.92%	9.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	58.20	10.09
Enterprise Value to Revenue (EV/Rev)	0.93	1.44	0.52	0.52	0.46	0.97	0.85	1.69	1.61	4.11	1.28
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	11.56	4.27	4.35	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	26.02	5.21	5.33	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	18.68	0.00	0.00	0.00	0.00	0.00	15.28	11.57	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-0.49	-0.51	-0.52	-0.57	-1.59	-0.70	-1.16	-0.46	-0.65	0.37	0.52
Long-Term Debt to Equity	-0.02	0.00	0.00	0.00	-0.49	-0.26	-0.32	-0.08	-0.08	0.07	0.05
Financial Leverage	0.44	-0.06	0.63	0.30	0.29	0.31	0.29	0.08	0.12	-1.98	-1.05
Leverage Ratio	-5.96	-2.54	-2.91	-2.42	-2.86	-2.94	-2.82	-1.68	-2.73	7.25	5.79
Compound Leverage Factor	-6.11	-2.82	-2.77	-2.38	-2.92	-3.48	-2.12	-1.72	-2.26	7.74	7.29
Debt to Total Capital	-94.97%	-104.92%	-106.61%	-131.85%	269.62%	-228.59%	732.24%	-85.83%	-182.74%	26.87%	34.36%
Short-Term Debt to Total Capital	-91.08%	-104.92%	-106.61%	-131.85%	186.80%	-143.95%	529.61%	-71.71%	-161.31%	21.79%	30.79%
Long-Term Debt to Total Capital	-3.89%	0.00%	0.00%	0.00%	82.82%	-84.64%	202.63%	-14.12%	-21.43%	5.08%	3.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-53.82%	-54.24%	-105.65%	-140.16%	218.01%	-252.82%	727.40%	-61.31%	-113.86%	33.85%	27.16%
Common Equity to Total Capital	248.79%	259.16%	312.26%	372.01%	-387.63%	581.41%	-1,359.64%	247.14%	396.59%	39.27%	38.47%
Debt to EBITDA	-0.31	-0.55	3.05	1.09	1.37	-1.40	-1.86	-0.45	-0.71	-0.39	-0.46
Net Debt to EBITDA	0.08	0.05	-1.94	-0.32	-0.63	1.07	0.36	0.03	-0.03	0.84	0.55
Long-Term Debt to EBITDA	-0.01	0.00	0.00	0.00	0.42	-0.52	-0.51	-0.07	-0.08	-0.07	-0.05
Debt to NOPAT	-0.38	-0.76	-0.76	-1.13	-2.01	-0.83	-1.16	-1.74	-3.31	-2.25	-2.42
Net Debt to NOPAT	0.09	0.07	0.49	0.34	0.93	0.63	0.23	0.13	-0.12	4.84	2.87
Long-Term Debt to NOPAT	-0.02	0.00	0.00	0.00	-0.62	-0.31	-0.32	-0.29	-0.39	-0.43	-0.25
Altman Z-Score	-7.36	-5.54	-5.56	-5.52	-4.22	-5.64	-4.56	-6.24	-3.13	1.74	-1.71
Noncontrolling Interest Sharing Ratio	-33.57%	-19.49%	-41.49%	-42.74%	-55.13%	-76.94%	-73.83%	-41.75%	-57.54%	157.45%	120.11%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.91	0.89	1.01	1.01	1.46	1.27	1.19	1.15	1.14	1.85	1.71
Quick Ratio	0.60	0.68	0.76	0.77	1.08	0.89	0.81	0.88	0.83	1.32	1.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	21	30	-9.23	-8.31	-15	-10	-17	20	23	-37	-32
Operating Cash Flow to CapEx	-103,880.00%	-31,520.00%	0.00%	-112,166.67%	-1,526.27%	1,670.00%	-5,386.36%	-3,680.33%	-981.90%	-103.43%	-1,314.84%
Free Cash Flow to Firm to Interest Expense	154.73	0.00	-57.31	0.00	-134.98	0.00	-17.05	20.81	26.35	0.00	-47.09
Operating Cash Flow to Interest Expense	-38.76	0.00	-20.84	0.00	-66.91	0.00	-5.98	-2.29	-2.52	0.00	-7.39
Operating Cash Flow Less CapEx to Interest Expense	-38.80	0.00	-20.84	0.00	-71.29	0.00	-6.09	-2.36	-2.78	0.00	-7.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.73	1.06	1.50	1.74	2.09	1.58	1.77	1.64	1.52	1.56	1.55
Accounts Receivable Turnover	3.00	3.61	6.08	6.00	7.72	6.43	6.00	4.35	4.36	6.03	5.89
Inventory Turnover	1.66	2.51	3.59	4.19	4.41	3.68	4.12	4.37	3.80	4.04	3.51
Fixed Asset Turnover	48.06	72.74	146.82	223.64	316.73	765.25	440.78	473.74	450.86	532.53	261.44
Accounts Payable Turnover	1.23	1.42	1.72	2.13	3.19	3.43	2.80	2.80	3.27	4.49	4.30
Days Sales Outstanding (DSO)	121.53	101.14	60.02	60.79	47.25	56.75	60.80	83.89	83.76	60.54	62.02
Days Inventory Outstanding (DIO)	219.73	145.24	101.64	87.04	82.80	99.13	88.49	83.53	95.99	90.29	104.08
Days Payable Outstanding (DPO)	295.64	256.19	212.05	171.06	114.37	106.27	130.22	130.42	111.45	81.32	84.94
Cash Conversion Cycle (CCC)	45.62	-9.81	-50.39	-23.23	15.69	49.61	19.07	37.00	68.29	69.52	81.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-28	-31	-29	-24	-16	-26	-15	-46	-38	7.47	14
Invested Capital Turnover	-3.02	-2.85	-2.67	-3.24	-4.64	-2.75	-3.87	-2.55	-3.69	-11.57	-193.42
Increase / (Decrease) in Invested Capital	-26	-24	3.48	6.74	12	5.29	14	-22	-21	33	28
Enterprise Value (EV)	42	78	43	46	47	75	72	152	161	435	137
Market Capitalization	38	71	39	37	42	71	61	139	144	447	145
Book Value per Share	($3.77)	($4.38)	($3.67)	($3.69)	($2.28)	($1.86)	($1.56)	($3.58)	($3.18)	$0.69	$0.75
Tangible Book Value per Share	($4.03)	($4.64)	($3.92)	($3.94)	($2.37)	($1.92)	($1.62)	($3.64)	($3.25)	$0.64	$0.68
Total Capital	-13	-14	-11	-8.99	5.54	-5.12	1.90	-24	-14	48	55
Total Debt	12	15	11	12	15	12	14	21	25	13	19
Total Long-Term Debt	0.50	0.00	0.00	0.00	4.59	4.33	3.85	3.38	2.93	2.46	1.95
Net Debt	-2.97	-1.36	-7.15	-3.52	-6.88	-8.93	-2.71	-1.58	0.89	-28	-22
Capital Expenditures (CapEx)	0.01	0.01	0.00	0.00	0.49	0.18	0.11	0.06	0.22	0.44	0.38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-7.04	-6.51	-6.59	-3.14	5.13	-3.58	1.16	2.98	6.66	7.23	10
Debt-free Net Working Capital (DFNWC)	8.12	10	12	12	27	17	18	25	31	48	51
Net Working Capital (NWC)	-3.58	-5.15	0.56	0.38	17	9.68	7.72	7.95	8.70	38	34
Net Nonoperating Expense (NNE)	0.13	-8.13	-9.02	-0.42	2.24	3.87	-5.69	36	-2.92	5.77	-0.51
Net Nonoperating Obligations (NNO)	-2.97	-1.36	-7.15	-3.52	-6.88	-8.93	-2.71	-1.58	0.89	-28	-22
Total Depreciation and Amortization (D&A)	0.53	0.49	0.47	0.47	0.32	1.22	0.78	0.72	0.61	0.60	0.56
Debt-free, Cash-free Net Working Capital to Revenue	-15.67%	-12.05%	-8.03%	-3.50%	5.00%	-4.59%	1.38%	3.32%	6.69%	6.84%	9.45%
Debt-free Net Working Capital to Revenue	18.06%	18.60%	14.39%	13.64%	26.24%	21.84%	21.05%	27.97%	30.83%	45.64%	47.76%
Net Working Capital to Revenue	-7.95%	-9.53%	0.69%	0.42%	16.17%	12.41%	9.15%	8.85%	8.73%	35.64%	32.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.84)	$1.10	$0.15	($0.30)	($0.61)	($0.83)	$0.11	($2.37)	$0.17	($0.22)	($0.15)
Adjusted Weighted Average Basic Shares Outstanding	8.31M	10.95M	8.74M	8.87M	11.04M	10.95M	15.38M	15.72M	16.20M	18.09M	27.42M
Adjusted Diluted Earnings per Share	($0.84)	$1.10	($0.51)	($0.30)	($0.61)	($0.83)	$0.11	($2.37)	($0.06)	$0.16	($0.25)
Adjusted Weighted Average Diluted Shares Outstanding	8.31M	10.95M	9.62M	8.87M	11.04M	10.95M	15.38M	15.72M	19.31M	18.09M	27.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$1.10	$0.00	$0.00	$0.00	($0.83)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	8.57M	16.57M	9.05M	9.41M	16.04M	0.00	16.52M	17.04M	27.58M	28.16M	29.00M
Normalized Net Operating Profit after Tax (NOPAT)	-5.52	5.31	-4.02	-1.57	-3.38	-5.19	-2.66	-1.34	1.21	-3.42	-3.84
Normalized NOPAT Margin	-60.07%	11.79%	-27.27%	-7.59%	-15.26%	-25.31%	-12.61%	-5.15%	3.79%	-12.88%	-17.12%
Pre Tax Income Margin	-61.44%	29.94%	22.20%	-5.44%	-25.36%	-44.03%	14.39%	-144.32%	12.95%	-34.71%	-14.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-41.10	0.00	21.34	0.00	-49.10	0.00	4.06	-37.42	5.82	0.00	-3.87
NOPAT to Interest Expense	-41.16	0.00	-35.69	0.00	-30.14	0.00	-2.68	-1.37	1.41	0.00	-5.63
EBIT Less CapEx to Interest Expense	-41.13	0.00	21.34	0.00	-53.48	0.00	3.95	-37.48	5.56	0.00	-4.44
NOPAT Less CapEx to Interest Expense	-41.20	0.00	-35.69	0.00	-34.52	0.00	-2.80	-1.43	1.15	0.00	-6.19
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-4.60%	0.00%	0.00%	0.00%	-7.83%	-7.68%	0.00%	0.00%	-5.12%	-4.47%

Financials Breakdown Chart

Owlet Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Owlet's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Owlet's net income appears to be on a downward trend, with a most recent value of -$39.68 million in 2025, rising from -$10.52 million in 2020. The previous period was -$12.54 million in 2024. See where experts think Owlet is headed by visiting Owlet's forecast page.

Owlet's total operating income in 2025 was -$8.26 million, based on the following breakdown:

Total Gross Profit: $53.53 million
Total Operating Expenses: $61.88 million

Over the last 5 years, Owlet's total revenue changed from $75.40 million in 2020 to $105.71 million in 2025, a change of 40.2%.

Owlet's total liabilities were at $50.18 million at the end of 2025, a 24.4% decrease from 2024, and a 17.7% decrease since 2020.

In the past 5 years, Owlet's cash and equivalents has ranged from $11.23 million in 2021 to $35.46 million in 2025, and is currently $35.46 million as of their latest financial filing in 2025.

Over the last 5 years, Owlet's book value per share changed from -2.37 in 2020 to 0.69 in 2025, a change of -129.2%.

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Financial statements for NYSE:OWLT last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Owlet (OWLT) Financials

Financials Breakdown Chart

Owlet Financials - Frequently Asked Questions

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Owlet (OWLT) Financials

Annual Income Statements for Owlet

Quarterly Income Statements for Owlet

Annual Cash Flow Statements for Owlet

Quarterly Cash Flow Statements for Owlet

Annual Balance Sheets for Owlet

Quarterly Balance Sheets for Owlet

Annual Metrics And Ratios for Owlet

Quarterly Metrics And Ratios for Owlet

Financials Breakdown Chart

Owlet Financials - Frequently Asked Questions

When does Owlet's financial year end?

How has Owlet's net income changed over the last 5 years?

What is Owlet's operating income?

How has Owlet's revenue changed over the last 5 years?

How much debt does Owlet have?

How much cash does Owlet have?

How has Owlet's book value per share changed over the last 5 years?

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