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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and Owlet, Inc. (OWLT). Click either name above to swap in a different company.
Cambium Networks Corp is the larger business by last-quarter revenue ($40.3M vs $26.6M, roughly 1.5× Owlet, Inc.). Cambium Networks Corp runs the higher net margin — -17.9% vs -34.6%, a 16.7% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs -23.2%). Owlet, Inc. produced more free cash flow last quarter ($-651.0K vs $-10.8M). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% CAGR vs -27.2%).
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
Owlet, Inc. is a pediatric health technology firm that develops smart wearable monitoring products for infants, most notably its signature smart sock that tracks real-time heart rate, oxygen levels, and sleep metrics. It serves global consumer markets across North America, Europe, and Asia-Pacific, distributing products via direct-to-consumer e-commerce and partnered retail outlets, focused on supporting parental peace of mind and infant health safety.
CMBM vs OWLT — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $26.6M |
| Net Profit | $-7.2M | $-9.2M |
| Gross Margin | 36.6% | 47.6% |
| Operating Margin | -28.4% | -18.4% |
| Net Margin | -17.9% | -34.6% |
| Revenue YoY | -23.2% | 29.6% |
| Net Profit YoY | 71.0% | -1.5% |
| EPS (diluted) | $-0.26 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $26.6M | ||
| Q3 25 | — | $32.0M | ||
| Q2 25 | — | $26.1M | ||
| Q1 25 | — | $21.1M | ||
| Q4 24 | $40.3M | $20.5M | ||
| Q3 24 | $44.7M | $22.1M | ||
| Q2 24 | $45.2M | $20.7M | ||
| Q1 24 | $47.1M | $14.8M |
| Q4 25 | — | $-9.2M | ||
| Q3 25 | — | $4.1M | ||
| Q2 25 | — | $-37.6M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | $-7.2M | $-9.1M | ||
| Q3 24 | $-34.5M | $-5.6M | ||
| Q2 24 | $-14.2M | $-1.1M | ||
| Q1 24 | $-18.4M | $3.3M |
| Q4 25 | — | 47.6% | ||
| Q3 25 | — | 50.6% | ||
| Q2 25 | — | 51.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | 36.6% | 53.5% | ||
| Q3 24 | 43.6% | 52.2% | ||
| Q2 24 | 32.5% | 49.5% | ||
| Q1 24 | 29.8% | 44.4% |
| Q4 25 | — | -18.4% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | -7.4% | ||
| Q1 25 | — | -12.7% | ||
| Q4 24 | -28.4% | -36.2% | ||
| Q3 24 | -69.6% | -21.8% | ||
| Q2 24 | -27.2% | -10.8% | ||
| Q1 24 | -33.1% | -39.0% |
| Q4 25 | — | -34.6% | ||
| Q3 25 | — | 12.9% | ||
| Q2 25 | — | -144.4% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | -17.9% | -44.2% | ||
| Q3 24 | -77.3% | -25.4% | ||
| Q2 24 | -31.5% | -5.5% | ||
| Q1 24 | -39.2% | 22.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.06 | ||
| Q2 25 | — | $-2.37 | ||
| Q1 25 | — | $0.11 | ||
| Q4 24 | $-0.26 | $-0.15 | ||
| Q3 24 | $-1.22 | $-0.61 | ||
| Q2 24 | $-0.51 | $-0.30 | ||
| Q1 24 | $-0.66 | $-0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $35.5M |
| Total DebtLower is stronger | $67.6M | — |
| Stockholders' EquityBook value | $-3.2M | $19.0M |
| Total Assets | $173.7M | $85.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $35.5M | ||
| Q3 25 | — | $23.8M | ||
| Q2 25 | — | $21.8M | ||
| Q1 25 | — | $16.3M | ||
| Q4 24 | — | $20.2M | ||
| Q3 24 | — | $21.6M | ||
| Q2 24 | — | $15.4M | ||
| Q1 24 | — | $18.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | $2.1M | ||
| Q1 24 | $63.8M | $4.0M |
| Q4 25 | — | $19.0M | ||
| Q3 25 | — | $-54.1M | ||
| Q2 25 | — | $-59.2M | ||
| Q1 25 | — | $-25.8M | ||
| Q4 24 | $-3.2M | $-29.8M | ||
| Q3 24 | $1.9M | $-21.5M | ||
| Q2 24 | $34.1M | $-33.4M | ||
| Q1 24 | $45.0M | $-32.9M |
| Q4 25 | — | $85.6M | ||
| Q3 25 | — | $74.9M | ||
| Q2 25 | — | $63.5M | ||
| Q1 25 | — | $51.4M | ||
| Q4 24 | $173.7M | $49.5M | ||
| Q3 24 | $194.3M | $56.1M | ||
| Q2 24 | $221.1M | $45.9M | ||
| Q1 24 | $219.8M | $43.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.42× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-10.4M | $-452.0K |
| Free Cash FlowOCF − Capex | $-10.8M | $-651.0K |
| FCF MarginFCF / Revenue | -26.8% | -2.5% |
| Capex IntensityCapex / Revenue | 1.1% | 0.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | $-11.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-452.0K | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | — | $-2.2M | ||
| Q1 25 | — | $-5.9M | ||
| Q4 24 | $-10.4M | $3.0M | ||
| Q3 24 | $8.9M | $-7.5M | ||
| Q2 24 | $2.4M | $-3.4M | ||
| Q1 24 | $-15.9M | $-3.4M |
| Q4 25 | — | $-651.0K | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | — | $-2.3M | ||
| Q1 25 | — | $-5.9M | ||
| Q4 24 | $-10.8M | $3.0M | ||
| Q3 24 | $6.8M | $-7.5M | ||
| Q2 24 | $87.0K | $-3.4M | ||
| Q1 24 | $-17.4M | — |
| Q4 25 | — | -2.5% | ||
| Q3 25 | — | -6.8% | ||
| Q2 25 | — | -8.8% | ||
| Q1 25 | — | -28.1% | ||
| Q4 24 | -26.8% | 14.5% | ||
| Q3 24 | 15.2% | -33.9% | ||
| Q2 24 | 0.2% | -16.3% | ||
| Q1 24 | -37.0% | — |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | 1.1% | 0.2% | ||
| Q3 24 | 4.8% | 0.0% | ||
| Q2 24 | 5.1% | 0.0% | ||
| Q1 24 | 3.3% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.52× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -1.96× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -1.03× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
OWLT
| US | $22.7M | 85% |
| Non Us | $3.2M | 12% |
| Other | $651.0K | 2% |
