Filing Flows › Owlet (OWLT) › Q1 2025
Owlet (OWLT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Owlet (OWLT) reported revenue of $21.6M for the first quarter 2025 (Q1 2025), +46% from a year earlier and +9% from the quarter before. Operating margin was -12.4%, net earnings $3.0M (14.0% of revenue).
Owlet, Q1 2025: revenue $21.6M (+46% year over year), operating margin -12.4%, net earnings $3.0M, operating cash flow −$5.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.6M | +9% | +46% |
| Operating profit | −$2.7M | — | — |
| Net earnings | $3.0M | — | — |
| Operating cash flow | −$5.9M | -297% | — |
What changed
Revenue was $21.6M in Q1 2025, up 46% year over year and up 9% from the previous quarter.
Gross margin was 54.6%, up 10.3 points from a year earlier. Operating costs exceeded revenue by $2.7M, an operating margin of -12.4%. Operating expenses grew 18% against revenue growth of 46%. The fastest-growing cost line was Research & development (+23%). Net earnings were $3.0M, down 8% year over year. The effective tax rate was 0.4%. Non-operating items added $5.7M, 188% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$5.9M. Non-cash charges added back $119K of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $10.7M. Capital expenditures of $4K exceeded it, leaving free cash flow of −$5.9M.
Questions
What was Owlet's revenue in the first quarter 2025?
Owlet (OWLT) reported revenue of $21.6M for the first quarter 2025 (Q1 2025), +46% from a year earlier and +9% from the quarter before.
Was Owlet profitable in the first quarter 2025?
Operating loss was $2.7M (-12.4% of revenue) and net earnings $3.0M.
Source: Owlet 10-Q on SEC EDGAR.