What is Owlet's gross margin?

Owlet (OWLT) reported gross margin of 50.9% in Q1 2026.

How has Owlet's gross margin changed year-over-year?

Owlet's gross margin decreased by 2.6% year-over-year, from 52.2% to 50.9%.

What is the long-term trend for Owlet's gross margin?

Over 3 years (2022 to 2025), Owlet's gross margin has grown at a 14.6% compound annual growth rate (CAGR), from 33.7% to 50.6%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Owlet OWLT Gross margin

Gross margin at other companies

Micron TechnologyMU

72.6%+35.4pp

iRhythm Holdings, Inc. IRTC

71%+1.6pp

CeriBell, Inc.CBLL

87.7%+0.5pp

GE HealthCare TechnologiesGEHC

39.1%-2.9pp

Tandem Diabetes CareTNDM

54.9%+2.7pp

Senseonics Holdings, Inc. SENS

——

Other financials

Income statement

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Revenue$22.5M+6.4%

Gross profit$12.2M+8.1%

Operating income-$5.5M-106%

Net income-$3.3M-210%

EPS (diluted)-$0.25-327%

Balance sheet

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Cash & equivalents$41.0M+147%

Total debt$35.6M+48.6%

Total equity$21.0M+181%

Total assets$86.8M+68.8%

Cash flow

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Operating cash flow-$5.0M+14.8%

CapEx$15.0K+275%

Free cash flow-$5.1M+14.6%

Valuation

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Market cap$166.47M+30.3%

Enterprise value$161.04M+12.4%

P/S1.6×+0.1×

Profitability

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Operating margin-10.4%-3.4pp

Net margin-43%-94.2pp

FCF margin-9.5%—

Returns & leverage

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Return on equity-206.1%—

Debt / equity1.7×—

Current ratio1.7×+0.5×

Where this comes from

Calculated from Owlet’s reported figures.

gross profit/total revenue=50.9%

Based on trailing twelve months.

The official record: Owlet’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Owlet's gross margin?: Owlet (OWLT) reported gross margin of 50.9% in Q1 2026.
How has Owlet's gross margin changed year-over-year?: Owlet's gross margin decreased by 2.6% year-over-year, from 52.2% to 50.9%.
What is the long-term trend for Owlet's gross margin?: Over 3 years (2022 to 2025), Owlet's gross margin has grown at a 14.6% compound annual growth rate (CAGR), from 33.7% to 50.6%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.