Business Wire·Mar 5, 2026, 4:05 PM ET

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

OWLT

Owlet reported Q4 2025 revenue of $26.6 million, a 29.6% increase from the prior year, with full-year 2025 revenue reaching a record $105.7 million, up 35.4%.
Q4 2025 gross margin was 47.6% ($12.6 million gross profit), while full-year 2025 gross margin reached a record 50.6% ($53.5 million gross profit).
Operating loss narrowed to $4.9 million in Q4 2025 from $7.4 million in Q4 2024, and improved significantly to $8.3 million for full-year 2025 from $20.2 million in 2024.
Full-year 2025 net loss was $39.7 million, which included a $26.6 million non-cash common stock warrant liability adjustment, compared to a $12.5 million loss in 2024.
Adjusted EBITDA (non-GAAP) was $0.1 million for Q4 2025, compared to $0.5 million in Q4 2024, with full-year 2025 Adjusted EBITDA reaching $2.0 million, a $3.8 million improvement over 2024.
The Owlet360 subscription service surpassed 110,000 paying subscribers, contributing to revenue growth alongside the Dream product suite.
For Q1 2026, Owlet expects revenue between $20 million to $21 million, gross margins of 50% to 52%, and an Adjusted EBITDA loss of $1.5 million to $2.5 million.
For full-year 2026, the company forecasts revenue of $126 million to $130 million, representing 19% to 23% growth, with Adjusted EBITDA projected between $3 million to $5 million.
Cash and cash equivalents increased to $35.5 million at December 31, 2025, from $20.2 million in the prior year, driven by $32.1 million in net cash provided by financing activities.
The company hosts a conference call on March 5, 2026, at 4:30 p.m. ET to discuss results, with financial figures presented as preliminary pending the 2025 Form 10-K filing.