0001816708-26-000018
SEC filingOwlet, Inc. reported FY 2025 revenue of $105.7 million with a gross profit of $53.5 million, resulting in a gross margin of 50.6%. The company incurred an operating loss of $8.3 million and a net loss attributable to common stockholders of $41.9 million, or $2.00 per share. Key financial drivers included total operating expenses of $61.8 million, with significant components being general and administrative ($29.2M), sales and marketing ($18.5M), and research and development ($14.1M). The balance sheet shows total assets of $85.6 million, including $35.5 million in cash and cash equivalents, with total liabilities of $50.2 million and stockholders' equity of $19.0 million. Cash flow from operations was negative $10.8 million, while financing activities provided $32.1 million, primarily from common stock issuance and short-term borrowings.
Owlet, Inc. reported FY 2025 financial results with revenue of $105.7 million and cost of revenues of $52.2 million, yielding gross profit of $53.5 million. The company incurred significant losses with operating loss of $8.3 million and net loss attributable to common stockholders of $41.9 million, or $2.00 per share. Total operating expenses were $61.8 million, comprising general and administrative ($29.2M), sales and marketing ($18.5M), and research and development ($14.1M). Other expenses included interest expense of $3.4 million and a common stock warrant liability adjustment of $26.6 million. The weighted-average shares outstanding were 18.1 million for both basic and diluted calculations.
Revenue of $105.7 million represents the company's total sales for FY 2025. The document does not provide segment breakdown, geographic mix, or specific growth drivers beyond the aggregate revenue figure. No prior period revenue is provided for year-over-year comparison. The revenue generation resulted in cost of revenues of $52.2 million, indicating the direct costs associated with producing the company's products or services.
The company achieved a gross margin of 50.6% ($53.5M gross profit / $105.7M revenue). Operating margin was negative 7.9% (-$8.3M operating loss / $105.7M revenue). The cost structure shows operating expenses significantly exceeding gross profit, with the $61.8M in operating expenses representing 58.5% of revenue. General and administrative expenses were the largest component at $29.2M (27.6% of revenue), followed by sales and marketing at $18.5M (17.5% of revenue) and research and development at $14.1M (13.3% of revenue).
Cash flow from operating activities was negative $10.8 million, driven by net loss of $39.7M adjusted for non-cash items including $26.6M common stock warrant liability adjustment and $9.3M stock-based compensation. Investing activities used $0.9M primarily for property/equipment and software development. Financing activities provided $32.1M from common stock issuance ($32.1M) and net short-term borrowings ($0.6M). The balance sheet shows total assets of $85.6M including current assets of $81.9M (cash $35.5M, accounts receivable $22.9M, inventory $15.3M). Total liabilities were $50.2M with current liabilities of $44.2M. Stockholders' equity was $19.0M with accumulated deficit of $307.9M.
The document does not provide management guidance, strategic priorities, or specific risk factors beyond the financial statements. No forward-looking statements or outlook information is included in the provided financial data. The filing presents historical financial results for FY 2025 without commentary on future expectations, market conditions, or strategic initiatives.