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Owlet OWLT Cloud Platform Services — Purchase obligation

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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+31.1%
Enterprise value$161.04M+13.0%
P/S1.6×+0.1×

Profitability

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Gross margin50.9%-1.4pp
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

Reported directly by Owlet in its filing.

Tagged under the XBRL concept us-gaap:PurchaseObligation.

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 cloud platform services — purchase obligation?
Owlet (OWLT) reported cloud platform services — purchase obligation of $2.17M in Q1 2026.
How has Owlet's cloud platform services — purchase obligation changed year-over-year?
Owlet's cloud platform services — purchase obligation decreased by 59.3% year-over-year, from $5.31M to $2.17M.
What does cloud platform services — purchase obligation mean?
This metric represents the total future financial commitments and contractual obligations related to cloud infrastructure and platform services required to support the company's digital parenting platform. It reflects the long-term investment in hosting, data processing, and software-as-a-service capabilities necessary to maintain real-time monitoring and data analytics for end users. Monitoring this obligation provides insight into the company's scalability costs and the underlying infrastructure dependencies of its connected hardware ecosystem.