Filing Flows › Owlet (OWLT) › Q1 2026
Owlet (OWLT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Owlet (OWLT) reported revenue of $22.5M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -15% from the quarter before. Operating margin was -24.1%, net loss $3.2M (14.5% of revenue).
Owlet, Q1 2026: revenue $22.5M (+4% year over year), operating margin -24.1%, net loss $3.2M, operating cash flow −$5.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.5M | -15% | +4% |
| Operating profit | −$5.4M | — | — |
| Net earnings | −$3.2M | — | -207% |
| Operating cash flow | −$5.0M | — | — |
What changed
Revenue was $22.5M in Q1 2026, up 4% year over year and down 15% from the previous quarter. Hardware was the largest line at 88% of revenue. Subscription added $2.3M year over year (up 569%), 253% of the total change. Hardware declined 4%.
Gross margin was 54.5%, down 0.1 points from Q1 2025. Operating costs exceeded revenue by $5.4M, an operating margin of -24.1%. Operating expenses grew 22% against revenue growth of 4%. The fastest-growing cost line was Research & development (+36%). The quarter ended with a net loss of $3.2M, narrower than the previous quarter's $9.1M loss. Non-operating items added $2.2M, -67% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$5.0M. Non-cash charges added back $185K of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items used $5.5M. Capital expenditures of $15K exceeded it, leaving free cash flow of −$5.1M.
Questions
What was Owlet's revenue in the first quarter 2026?
Owlet (OWLT) reported revenue of $22.5M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -15% from the quarter before.
Was Owlet profitable in the first quarter 2026?
Operating loss was $5.4M (-24.1% of revenue) and net loss $3.2M.
Source: Owlet 10-Q on SEC EDGAR.