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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and Owlet, Inc. (OWLT). Click either name above to swap in a different company.

DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $26.6M, roughly 1.6× Owlet, Inc.). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 29.6%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 34.2%).

Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.

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.

DX vs OWLT — Head-to-Head

Bigger by revenue
DX
DX
1.6× larger
DX
$43.5M
$26.6M
OWLT
Growing faster (revenue YoY)
DX
DX
+501.7% gap
DX
531.3%
29.6%
OWLT
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
34.2%
OWLT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
OWLT
OWLT
Revenue
$43.5M
$26.6M
Net Profit
$-9.2M
Gross Margin
47.6%
Operating Margin
-18.4%
Net Margin
-34.6%
Revenue YoY
531.3%
29.6%
Net Profit YoY
-1.5%
EPS (diluted)
$1.59

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.

Revenue
DX
DX
OWLT
OWLT
Q4 25
$43.5M
$26.6M
Q3 25
$30.6M
$32.0M
Q2 25
$23.1M
$26.1M
Q1 25
$17.1M
$21.1M
Q4 24
$20.5M
Q3 24
$22.1M
Q2 24
$20.7M
Q1 24
$-3.2M
$14.8M
Net Profit
DX
DX
OWLT
OWLT
Q4 25
$-9.2M
Q3 25
$150.4M
$4.1M
Q2 25
$-13.6M
$-37.6M
Q1 25
$-3.1M
$3.0M
Q4 24
$-9.1M
Q3 24
$-5.6M
Q2 24
$-1.1M
Q1 24
$40.1M
$3.3M
Gross Margin
DX
DX
OWLT
OWLT
Q4 25
47.6%
Q3 25
50.6%
Q2 25
51.3%
Q1 25
53.7%
Q4 24
53.5%
Q3 24
52.2%
Q2 24
49.5%
Q1 24
44.4%
Operating Margin
DX
DX
OWLT
OWLT
Q4 25
-18.4%
Q3 25
3.8%
Q2 25
-7.4%
Q1 25
-12.7%
Q4 24
-36.2%
Q3 24
-21.8%
Q2 24
-10.8%
Q1 24
-39.0%
Net Margin
DX
DX
OWLT
OWLT
Q4 25
-34.6%
Q3 25
491.3%
12.9%
Q2 25
-58.8%
-144.4%
Q1 25
-18.0%
14.3%
Q4 24
-44.2%
Q3 24
-25.4%
Q2 24
-5.5%
Q1 24
-1256.8%
22.2%
EPS (diluted)
DX
DX
OWLT
OWLT
Q4 25
$1.59
Q3 25
$1.08
$-0.06
Q2 25
$-0.14
$-2.37
Q1 25
$-0.06
$0.11
Q4 24
$-0.15
Q3 24
$-0.61
Q2 24
$-0.30
Q1 24
$0.64
$-0.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DX
DX
OWLT
OWLT
Cash + ST InvestmentsLiquidity on hand
$531.0M
$35.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$19.0M
Total Assets
$17.3B
$85.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
OWLT
OWLT
Q4 25
$531.0M
$35.5M
Q3 25
$491.0M
$23.8M
Q2 25
$387.5M
$21.8M
Q1 25
$327.4M
$16.3M
Q4 24
$20.2M
Q3 24
$21.6M
Q2 24
$15.4M
Q1 24
$295.7M
$18.4M
Total Debt
DX
DX
OWLT
OWLT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$2.1M
Q1 24
$4.0M
Stockholders' Equity
DX
DX
OWLT
OWLT
Q4 25
$2.5B
$19.0M
Q3 25
$2.0B
$-54.1M
Q2 25
$1.6B
$-59.2M
Q1 25
$1.4B
$-25.8M
Q4 24
$-29.8M
Q3 24
$-21.5M
Q2 24
$-33.4M
Q1 24
$958.5M
$-32.9M
Total Assets
DX
DX
OWLT
OWLT
Q4 25
$17.3B
$85.6M
Q3 25
$14.2B
$74.9M
Q2 25
$11.3B
$63.5M
Q1 25
$9.0B
$51.4M
Q4 24
$49.5M
Q3 24
$56.1M
Q2 24
$45.9M
Q1 24
$6.3B
$43.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DX
DX
OWLT
OWLT
Operating Cash FlowLast quarter
$120.8M
$-452.0K
Free Cash FlowOCF − Capex
$-651.0K
FCF MarginFCF / Revenue
-2.5%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
OWLT
OWLT
Q4 25
$120.8M
$-452.0K
Q3 25
$68.3M
$-2.2M
Q2 25
$31.9M
$-2.2M
Q1 25
$6.4M
$-5.9M
Q4 24
$3.0M
Q3 24
$-7.5M
Q2 24
$-3.4M
Q1 24
$-17.1M
$-3.4M
Free Cash Flow
DX
DX
OWLT
OWLT
Q4 25
$-651.0K
Q3 25
$-2.2M
Q2 25
$-2.3M
Q1 25
$-5.9M
Q4 24
$3.0M
Q3 24
$-7.5M
Q2 24
$-3.4M
Q1 24
FCF Margin
DX
DX
OWLT
OWLT
Q4 25
-2.5%
Q3 25
-6.8%
Q2 25
-8.8%
Q1 25
-28.1%
Q4 24
14.5%
Q3 24
-33.9%
Q2 24
-16.3%
Q1 24
Capex Intensity
DX
DX
OWLT
OWLT
Q4 25
0.7%
Q3 25
0.0%
Q2 25
0.2%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
DX
DX
OWLT
OWLT
Q4 25
Q3 25
0.45×
-0.52×
Q2 25
Q1 25
-1.96×
Q4 24
Q3 24
Q2 24
Q1 24
-0.43×
-1.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DX
DX

Segment breakdown not available.

OWLT
OWLT

US$22.7M85%
Non Us$3.2M12%
Other$651.0K2%

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