newsfilter
← Latest News
Business Wire·

Owlet Announces First Quarter 2026 Financial Results; Updates 2026 Guidance

OWLT
  • Owlet, Inc. reported Q1 2026 revenue of $22.5 million, a 6.4% increase from $21.1 million in Q1 2025.
  • Subscription revenue reached a record $2.7 million, driven by growth in the Owlet360 service which now has over 115,000 paying subscribers.
  • Gross margin improved to 54.5%, an 80 basis point increase from 53.7% in Q1 2025, despite tariff cost impacts.
  • The company reported a net loss of $3.3 million for Q1 2026, compared to net income of $3.0 million in the same period last year.
  • Adjusted EBITDA (non-GAAP) was a loss of $1.5 million for Q1 2026, compared to $0.0 million in Q1 2025.
  • Operating expenses increased to $17.7 million from $14.0 million year-over-year, primarily due to higher headcount-related costs.
  • CEO Kurt Workman resumed his role to focus on scaling the pediatric health platform, launching the Owlet360 subscription engine, 2.7 million subscribers, 54.5% gross margin, 115,000 subscribers, 6.4% revenue growth, $3.3 million net loss, $1.5 million adjusted EBITDA loss, 50-52% gross margin guidance, $118-122 million revenue guidance, $7-9 million adjusted EBITDA guidance, May 7, 2026 conference call.
  • Updated 2026 full-year revenue guidance is $118 to $122 million, down from the previous $126 to $130 million range.
  • Updated 2026 adjusted EBITDA guidance is $7 to $9 million, up from the previous $3 to $5 million range.
  • The company announced the release of the Owlet OnCall pediatric telehealth service within its app.
  • Cash and cash equivalents stood at $35.5 million as of March 31, 2026.
  • Total liabilities were $50.9 million, with current liabilities at $48.1 million as of the end of Q1 2026.
  • A conference call to discuss results was scheduled for May 7, 2026, at 4:30 p.m. ET.