AI Earnings Predictions for Owlet Inc. (OWLT)

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Owlet Announces Second Quarter 2026 Financial Results

LEHI, Utah, August 11, 2026 - Owlet, Inc. (“Owlet” or the “Company”) (NYSE: OWLT), the pioneer of smart infant monitoring, today reports financial results for the second quarter ended June 30, 2026. Owlet’s President, Chief Executive Officer, and Co-Founder, Kurt Workman, and Chief Financial Officer, Amanda Twede Crawford, will host a conference call to review the Company’s results and provide a business update today, August 11, 2026, at 4:30 p.m. ET.

Q2 2026 Financial Highlights:

•Record Q2 Revenue of $33.9 million, up 29.9% from Q2 2025

•Record Q2 Subscription Revenue of $3.2 million, up $2.4 million from Q2 2025

•Q2 Gross Margin of 64.4%. Excluding $3.5 million in tariff refund impact, gross margin of 54.0%, up 270 basis points from Q2 2025

•Q2 Net Loss of $0.6 million. Excluding $3.75 million in tariff refund impact, net loss of $4.4 million, compared to net loss of $37.4 million in Q2 2025

•Record Q2 Adjusted EBITDA (non-GAAP) of $2.9 million excluding $3.75 million in tariff refund impact, compared to $0.5 million in Q2 2025; $6.7 million of Adjusted EBITDA including tariff refund impact

“Owlet delivered an exceptional second quarter, with record quarterly revenue, gross profit, and adjusted EBITDA,” said Kurt Workman, Owlet’s President, Chief Executive Officer, and Co-Founder. “We are executing across each of our strategic growth areas, and it is showing up in our results — strong topline growth, standout international momentum, and continued Owlet360 subscription platform growth. We believe our biggest opportunity from here is growing subscribers, and that is exactly where the company is focused.”

“We believe our competitive position has never been stronger,” Workman continued. “We have the first and only FDA-cleared baby monitor on the market, and we set another record for market share in the quarter. Owlet has numerous growth levers – winning new families, building the subscription platform with Owlet360, expanding the opportunity in pediatric telehealth, and scaling internationally – all anchored by our unique pediatric dataset.”

“Our strategy from here is straightforward: firmly position Owlet as a data and services platform through subscription, win approximately one million new customers per year, and keep those families with us for at least two years. Over time, we believe executing that framework points toward a recurring base of more than one million subscribers, and a more durable, higher-value Owlet.”

Financial Results for the Second Quarter Ended June 30, 2026

Revenue for the second quarter of 2026 was $33.9 million, compared to revenue in the second quarter of 2025 of $26.1 million, an increase of 29.9%. The increase was due to broad-based growth and continued momentum in subscription.

Subscription revenue for the second quarter of 2026 was $3.2 million, compared to subscription revenue in the second quarter of 2025 of $0.9 million, an increase of $2.4 million.

Cost of revenue for the second quarter of 2026 was $12.0 million with a GAAP gross margin of 64.4%, compared to cost of revenue of $12.7 million with a GAAP gross margin of 51.3% for the second quarter of 2025. Overall gross margin was 54.0%, excluding $3.5 million in tariff refund impacts, increasing approximately 270 basis points year-over-year, primarily reflecting growth in revenue from our Owlet360 subscription service as well as favorable product mix and fixed cost absorption.

Subscription gross margin for the second quarter of 2026 was 68.4%.

Operating expenses, including stock-based compensation, were $20.1 million for the second quarter of 2026, compared to $15.1 million for the same period in 2025. Operating costs increased year-over-year primarily due to higher marketing spend as Prime Day promotional timing shifted from Q3 into Q2, as well as severance costs, including stock-based compensation.

Operating income was $1.7 million for the second quarter of 2026, compared to operating loss of $1.7 million for the second quarter of 2025.

Net loss was $0.6 million for the second quarter of 2026, compared to net loss of $37.4 million for the second quarter of 2025.

Adjusted EBITDA (non-GAAP) was $6.7 million for the second quarter of 2026, compared to $0.5 million for the second quarter of 2025. Excluding $3.75 million in tariff refund impact, Adjusted EBITDA (non-GAAP) was $2.9 million.

Net loss per share was $0.05 for the second quarter of 2026, compared to net loss per share of $2.35 for the second quarter of 2025. Adjusted net income per share (non-GAAP) was $0.20 for the second quarter of 2026, compared to adjusted net loss per share of $0.04 for the same period in 2025.

Updated 2026 Financial Outlook

Our updated full year 2026 financial outlook below reflects the one-time IEEPA tariff refund recognized in the second quarter of 2026 and a measured view of the second half. Excluding the

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Owlet Announces First Quarter 2026 Financial Results; Updates 2026 Guidance

LEHI, Utah, May 7, 2026 - Owlet, Inc. (“Owlet” or the “Company”) (NYSE:OWLT), the pioneer of smart infant monitoring, today reports financial results for the first quarter ended March 31, 2026. Owlet’s President, Chief Executive Officer, and Co-Founder, Kurt Workman, and Chief Financial Officer, Amanda Twede Crawford, will host a conference call to review the Company’s results and provide a business update today, May 7, 2026, at 4:30 p.m. ET.

Q1 2026 Financial Highlights:

•Q1 Revenue of $22.5 million, up 6.4% from Q1 2025

•Record Q1 Subscription Revenue of $2.7 million

•Q1 Gross Margin of 54.5%, up 80 basis points from Q1 2025 despite tariff cost impacts

•Q1 Net Loss of $3.3 million, compared to net income of $3.0 million in Q1 2025

•Q1 Adjusted EBITDA (non-GAAP) of $(1.5) million, compared to $0.0 million in Q1 2025

“I am reassuming the CEO role to build on the mission I started 12 years ago, with a clear, long-term mandate to lead Owlet through its next phase of scale and development in pediatric health,” said Kurt Workman, Owlet’s President, Chief Executive Officer, and Co-Founder. “While our core mission hasn't changed, we are prioritizing our highest value opportunities to drive long-term stakeholder value, while sharpening our focus on business execution and operating efficiency.”

Workman continued, “We are making significant strides in our evolution into a comprehensive pediatric health and data platform. Our Owlet360 subscription engine is thriving, scaling to over 115,000 paying subscribers as of the end of the first quarter, and we are excited to announce the official release in our app of Owlet’s OnCall pediatric telehealth service. We believe that combining insights from our platform with access to pediatric consultation will provide greater value to parents, simplify access to care, and lengthen the customer relationship.”

Workman concluded, “Looking ahead, we are concentrating our resources to capture the significant white space available in our current high value markets. With a sharpened focus, disciplined financial strategy, and a clear roadmap to take the business to the next level, I have confidence in Owlet’s path as we scale our pediatric health platform and strive to build the standard for at-home infant care.”

Financial Results for the First Quarter Ended March 31, 2026

Revenue for the first quarter of 2026 was $22.5 million, compared to revenue in the first quarter of 2025 of $21.1 million, an increase of 6.4%. The increase was primarily due to an increase in revenue from our Owlet360 service as demand continues to grow.

Subscription revenue for the first quarter of 2026 was $2.7 million.

Cost of revenue for the first quarter of 2026 was $10.2 million with a gross margin of 54.5%, compared to cost of revenue of $9.8 million with a gross margin of 53.7% for the first quarter of 2025. Gross margin increased 80 basis points year-over-year, primarily reflecting growth in revenue from our Owlet360 subscription service, favorable product mix, and lower direct and fulfillment costs, partially offset by tariff impacts.

Subscription gross margin for the first quarter of 2026 was 67.4%.

Operating expenses, including stock-based compensation, were $17.7 million for the first quarter of 2026, compared to $14.0 million for the same period in 2025. Operating costs increased year-over-year primarily due to increases in headcount related expenses, including stock-based compensation as well as salaries and benefits.

Operating loss was $5.5 million for the first quarter of 2026, compared to operating loss of $2.7 million for the first quarter of 2025.

Net loss was $3.3 million for the first quarter of 2026, compared to net income of $3.0 million for the first quarter of 2025.

Adjusted EBITDA (non-GAAP) was $(1.5) million for the first quarter of 2026, compared to $0.0 million for the first quarter of 2025.

Net loss per share was $0.15 for the first quarter of 2026, compared to net income per share of $0.11 for the first quarter of 2025. Adjusted net loss per share (non-GAAP) was $0.09 for the first quarter of 2026, compared to $0.07 for the same period in 2025.

Updated 2026 Financial Outlook

Our updated full year 2026 financial outlook below reflects a deliberate strategic focus toward high margin revenue and operational efficiency to prioritize profitable growth.

•Total revenue is expected to be in the range of $118 to $122 million, representing 12% to 15% growth over 2025, compared to our previous guidance of $126 to $130 million.

•Gross margins of 50% to 52%, compared to our previous guidance of 49% to 52%.

•Adjusted EBITDA of $7 to $9 million, representing 250% to 350% growth over 2025, compared to our previous guidance of $3 to $5 million.

The outlook provided above constitutes forward-looking information within the meaning of applicable

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Owlet Reports Fourth Quarter and Full Year 2025 Results; Initiates 2026 Guidance

LEHI, Utah, March 5, 2026 - Owlet, Inc. (“Owlet” or the “Company”) (NYSE:OWLT), the pioneer of smart infant monitoring, today reports financial results for the fourth quarter and full year ended December 31, 2025. Owlet’s President and Chief Executive Officer, Jonathan Harris, and Chief Financial Officer, Amanda Twede Crawford, will host a conference call to review the Company’s results and provide a business update today, March 5, 2026, at 4:30 p.m. ET.

Q4 2025 Financial Highlights:

•Q4 Revenue of $26.6 million, up 29.6% from Q4 2024

•Q4 Gross Profit of $12.6 million, up $1.7 million from Q4 2024 despite tariff cost impacts; Q4 Gross Margin of 47.6%

•Q4 Operating Loss of $4.9 million, compared to operating loss of $7.4 million in Q4 2024

•Q4 Net Loss of $9.2 million, compared to net loss of $9.1 million in Q4 2024

•Q4 Adjusted EBITDA (non-GAAP) of $0.1 million, compared to $0.5 million in Q4 2024

Full Year 2025 Financial Highlights:

•Record FY 2025 Revenue of $105.7 million, up 35.4% from FY 2024

•Record FY 2025 Gross Profit of $53.5 million, up $14.2 million from FY 2024 despite tariff cost impacts; Record FY 2025 Gross Margin of 50.6%

•FY 2025 Operating Loss of $8.3 million, compared to operating loss of $20.2 million in FY 2024

•FY 2025 Net Loss of $39.7 million including a $26.6 million non-cash, mark-to-market common stock warrant liability adjustment, compared to net loss of $12.5 million in FY 2024

•Record FY 2025 Adjusted EBITDA (non-GAAP) of $2.0 million, improving $3.8 million compared to FY 2024

“2025 was a defining chapter for Owlet, marked by record-breaking financial performance and a fundamental evolution into a comprehensive pediatric health, safety, and sleep platform,” said Jonathan Harris, Owlet’s President and CEO. “By delivering $105.7 million in revenue, the strongest in our history, alongside record gross margin and adjusted EBITDA results, we believe we have proven the scalability and resilience of our business model. Owlet’s financial and operational strength is the foundation enabling the next phase of our global growth, and long-term value creation for all of our stakeholders.”

Harris continued, “The launch of Owlet360 subscription service has been a paradigm shift, deepening our relationship with parents and diversifying our long-term revenue streams. Surpassing 110,000 paying subscribers validates the value and trust families place in our connected ecosystem. When paired with the rollout of our AI-enabled Dream Sight camera, Owlet is much more than just a baby monitor brand — it is a sophisticated data platform establishing the gold standard for accurate infant biometric baselines from the first night.”

Harris concluded, “We enter 2026 ready to build on our momentum, and execute on our long-term growth opportunity. Owlet is well-positioned to leverage our unique pediatric dataset to redefine modern parenting and become the go-to wellness technology for families around the world.”

Financial Results for the Fourth Quarter and Full Year Ended December 31, 2025

Fourth Quarter 2025 Results

Revenue for the fourth quarter of 2025 was $26.6 million, compared to revenue in the fourth quarter of 2024 of $20.5 million, an increase of 29.6%. The increase was primarily due to higher sales of Dream Sock and Dream Duo products.

Cost of revenue for the fourth quarter of 2025 was $13.9 million with a gross margin of 47.6%, compared to cost of revenue of $9.5 million with a gross margin of 53.5% for the fourth quarter of 2024. Gross margin decreased 596 basis points year-over-year, primarily reflecting tariff impacts, partially offset by favorable product mix, improved fixed cost absorption, lower direct and fulfillment costs, and growth in revenue for our Owlet360 subscription service.

Operating expenses, including stock-based compensation, were $17.5 million for the fourth quarter of 2025, compared to $18.4 million for the same period in 2024. Operating costs decreased year-over-year primarily due to a decrease in legal expenses, partially offset by increases in headcount related expenses, including salaries, bonus, benefits, and stock-based compensation.

Operating loss was $4.9 million for the fourth quarter of 2025, compared to operating loss of $7.4 million for the fourth quarter of 2024.

Net loss was $9.2 million for the fourth quarter of 2025, compared to net loss of $9.1 million for the fourth quarter of 2024.

Adjusted EBITDA (non-GAAP) was $0.1 million for the fourth quarter of 2025, compared to $0.5 million for the fourth quarter of 2024.

Net loss per share was $0.39 for the fourth quarter of 2025, compared to net loss per share of $0.63 for the fourth quarter of 2024. Adjusted net loss per share (non-GAAP) was $0.03 for the fourth quarter of 2025, compared to $0.07 for the same period in 2024.

Full Year 2025