Business Wire·Aug 11, 2026, 4:03 PM ET

Owlet Announces Second Quarter 2026 Financial Results

OWLT

Owlet Inc. reported Q2 2026 revenue of $33.9 million, a 29.9% increase from $26.1 million in Q2 2025.
Subscription revenue reached a record $3.2 million in Q2 2026, up $2.4 million from $0.9 million in the prior year period.
GAAP gross margin for Q2 2026 was 64.4%, while the margin excluding $3.5 million in tariff refund impact was 54.0%, up 270 basis points year-over-year.
Net loss for Q2 2026 was $0.6 million, compared to a net loss of $37.4 million in Q2 2025; excluding $3.75 million in tariff refund impact, the adjusted net loss was $4.4 million.
Adjusted EBITDA for Q2 2026 was $6.7 million including tariff refunds, or $2.9 million excluding the one-time impact, compared to $0.5 million in Q2 2025.
Operating expenses increased to $20.1 million in Q2 2026 from $15.1 million in Q2 2025 due to higher marketing spend shifted to Q2 from Prime Day and severance costs.
Owlet updated its full-year 2026 revenue guidance to $118–$122 million unchanged from previous guidance.
Full-year 2026 gross margin guidance was raised to 53%–55% compared to the previous 50%–52% reflecting the one-time tariff refund benefit.
Full-year 2026 Adjusted EBITDA guidance was raised to $10.75–$12.75 million compared to the previous $7–$9 million due to the tariff refund impact.
Management identified non-material errors in historical stock-based compensation calculations leading to revisions of prior period financial statements in the upcoming Form 10-Q.
The company plans to host a conference call on August 11, 2026, at 4:30 p.m. ET to discuss results with CEO Kurt Workman and CFO Amanda Twede Crawford.
Owlet aims to acquire approximately one million new customers annually with a strategic focus on retaining subscribers for at least two years to build a recurring base exceeding one million.