For the quarter ending 2026-03-31, OWLT made $22,456K in revenue. -$4,142K in net income. Net profit margin of -18.44%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenue | 22,456 | 26,553 | 31,988 | 26,063 |
| Hardware | 9,344 | - | - | - |
| Subscription | 873 | - | - | - |
| Total cost of revenue | 10,217 | 13,926 | 15,788 | 12,683 |
| Gross profit | 12,239 | 12,627 | 16,200 | 13,380 |
| General and administrative | 9,302 | 8,652 | 6,273 | 7,228 |
| Sales and marketing | 4,473 | 5,227 | 4,926 | 4,318 |
| Research and development | 3,956 | 3,635 | 3,785 | 3,753 |
| Total operating expenses | 17,731 | 17,514 | 14,984 | 15,299 |
| Operating loss | -5,492 | -4,887 | 1,216 | -1,919 |
| Interest expense, net | -683 | -588 | -860 | -979 |
| Other income (expense), net | 221 | -970 | -479 | 37 |
| Common stock warrant liability adjustment | -2,625 | 2,771 | -4,266 | 34,753 |
| Total other income (expense), net | 2,163 | -4,329 | 2,927 | -35,695 |
| Income (loss) before income tax provision | -3,329 | -9,216 | 4,143 | -37,614 |
| Income tax provision | 7 | -26 | 9 | 33 |
| Net income (loss) and comprehensive income (loss) | -3,336 | -9,190 | 4,134 | -37,647 |
| Accretion on convertible preferred stock | 848 | 847* | 848 | 849 |
| Allocation of net income to participating securities | 0 | - | 499 | - |
| Accretion on redeemable common stock | - | - | 21 | - |
| Allocation of net income to participating securities to redeemable common stockholders | 0 | - | -21 | - |
| Allocation of net income to participating securities to redeemable common stockholders-Redeemable Common Stock | - | - | -21 | - |
| Allocation of net (income) loss attributable to redeemable common stockholders | -44 | -124* | 139 | - |
| Allocation of net loss attributable to redeemable common stockholders | - | - | - | -1,330 |
| Allocation of accretion on convertible preferred stock to redeemable common stock | -11 | - | -28 | - |
| Accretion on redeemable common stock | - | - | 21 | 21 |
| Accretion on redeemable common stock | 13 | 21* | 21 | - |
| Net income (loss) attributable to redeemable common stockholders | 42 | 103 | -111 | 1,309 |
| Allocation of net income to participating securities to redeemable common stockholders | 0 | - | -21 | - |
| Allocation of net income to participating securities to redeemable common stockholders-Redeemable Common Stock | - | - | -21 | - |
| Allocation of net (income) loss attributable to redeemable common stockholders | -44 | -863* | 139 | - |
| Allocation of accretion on convertible preferred stock to redeemable common stock | -11 | - | -28 | - |
| Accretion on redeemable common stock | 13 | 21* | 21 | - |
| Net income (loss) attributable to redeemable common stockholders | 42 | 842* | -111 | - |
| Net income (loss) attributable to common stockholders | -4,142 | -9,092 | 2,676 | -37,187 |
| Net income (loss) attributable to common stockholders | -4,142 | -9,092 | 2,676 | -37,187 |
| Basic EPS | -0.12 | -16.164 | 0.2 | -2.37 |
| Diluted EPS | -0.12 | -16.164 | 0.19 | -2.37 |
| Basic Average Shares | 363,333 | 562,500* | 562,500 | 15,716,376 |
| Diluted Average Shares | 363,333 | 562,500* | 687,500 | 15,716,376 |
Owlet, Inc. (OWLT)
Owlet, Inc. (OWLT)