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Side-by-side financial comparison of First Foundation Inc. (FFWM) and Owlet, Inc. (OWLT). Click either name above to swap in a different company.

First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $26.6M, roughly 1.8× Owlet, Inc.). Owlet, Inc. runs the higher net margin — -34.6% vs -97.9%, a 63.3% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 29.6%). Owlet, Inc. produced more free cash flow last quarter ($-651.0K vs $-35.2M). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% CAGR vs -2.7%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

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.

FFWM vs OWLT — Head-to-Head

Bigger by revenue
FFWM
FFWM
1.8× larger
FFWM
$48.4M
$26.6M
OWLT
Growing faster (revenue YoY)
FFWM
FFWM
+392.1% gap
FFWM
421.7%
29.6%
OWLT
Higher net margin
OWLT
OWLT
63.3% more per $
OWLT
-34.6%
-97.9%
FFWM
More free cash flow
OWLT
OWLT
$34.6M more FCF
OWLT
$-651.0K
$-35.2M
FFWM
Faster 2-yr revenue CAGR
OWLT
OWLT
Annualised
OWLT
34.2%
-2.7%
FFWM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FFWM
FFWM
OWLT
OWLT
Revenue
$48.4M
$26.6M
Net Profit
$-8.0M
$-9.2M
Gross Margin
47.6%
Operating Margin
-97.5%
-18.4%
Net Margin
-97.9%
-34.6%
Revenue YoY
421.7%
29.6%
Net Profit YoY
43.0%
-1.5%
EPS (diluted)
$-0.09

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
FFWM
FFWM
OWLT
OWLT
Q4 25
$48.4M
$26.6M
Q3 25
$63.6M
$32.0M
Q2 25
$51.4M
$26.1M
Q1 25
$71.4M
$21.1M
Q4 24
$9.3M
$20.5M
Q3 24
$9.2M
$22.1M
Q2 24
$57.5M
$20.7M
Q1 24
$51.1M
$14.8M
Net Profit
FFWM
FFWM
OWLT
OWLT
Q4 25
$-8.0M
$-9.2M
Q3 25
$-146.3M
$4.1M
Q2 25
$-7.7M
$-37.6M
Q1 25
$6.9M
$3.0M
Q4 24
$-14.1M
$-9.1M
Q3 24
$-82.2M
$-5.6M
Q2 24
$3.1M
$-1.1M
Q1 24
$793.0K
$3.3M
Gross Margin
FFWM
FFWM
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
FFWM
FFWM
OWLT
OWLT
Q4 25
-97.5%
-18.4%
Q3 25
-92.7%
3.8%
Q2 25
-21.1%
-7.4%
Q1 25
8.8%
-12.7%
Q4 24
-247.7%
-36.2%
Q3 24
-1276.7%
-21.8%
Q2 24
4.6%
-10.8%
Q1 24
-0.2%
-39.0%
Net Margin
FFWM
FFWM
OWLT
OWLT
Q4 25
-97.9%
-34.6%
Q3 25
-230.1%
12.9%
Q2 25
-15.0%
-144.4%
Q1 25
9.7%
14.3%
Q4 24
-152.2%
-44.2%
Q3 24
-896.9%
-25.4%
Q2 24
5.4%
-5.5%
Q1 24
1.6%
22.2%
EPS (diluted)
FFWM
FFWM
OWLT
OWLT
Q4 25
$-0.09
Q3 25
$-1.78
$-0.06
Q2 25
$-0.09
$-2.37
Q1 25
$0.08
$0.11
Q4 24
$-0.24
$-0.15
Q3 24
$-1.23
$-0.61
Q2 24
$0.05
$-0.30
Q1 24
$0.01
$-0.51

Balance Sheet & Financial Strength

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

Metric
FFWM
FFWM
OWLT
OWLT
Cash + ST InvestmentsLiquidity on hand
$1.6B
$35.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.6M
$19.0M
Total Assets
$11.9B
$85.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
OWLT
OWLT
Q4 25
$1.6B
$35.5M
Q3 25
$1.7B
$23.8M
Q2 25
$1.1B
$21.8M
Q1 25
$1.0B
$16.3M
Q4 24
$1.0B
$20.2M
Q3 24
$1.1B
$21.6M
Q2 24
$1.4B
$15.4M
Q1 24
$1.6B
$18.4M
Total Debt
FFWM
FFWM
OWLT
OWLT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$2.1M
Q1 24
$4.0M
Stockholders' Equity
FFWM
FFWM
OWLT
OWLT
Q4 25
$912.6M
$19.0M
Q3 25
$917.9M
$-54.1M
Q2 25
$1.1B
$-59.2M
Q1 25
$1.1B
$-25.8M
Q4 24
$1.1B
$-29.8M
Q3 24
$1.1B
$-21.5M
Q2 24
$933.2M
$-33.4M
Q1 24
$928.7M
$-32.9M
Total Assets
FFWM
FFWM
OWLT
OWLT
Q4 25
$11.9B
$85.6M
Q3 25
$11.9B
$74.9M
Q2 25
$11.6B
$63.5M
Q1 25
$12.6B
$51.4M
Q4 24
$12.6B
$49.5M
Q3 24
$13.4B
$56.1M
Q2 24
$13.7B
$45.9M
Q1 24
$13.6B
$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
FFWM
FFWM
OWLT
OWLT
Operating Cash FlowLast quarter
$-31.9M
$-452.0K
Free Cash FlowOCF − Capex
$-35.2M
$-651.0K
FCF MarginFCF / Revenue
-72.8%
-2.5%
Capex IntensityCapex / Revenue
6.9%
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.9M
$-11.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
OWLT
OWLT
Q4 25
$-31.9M
$-452.0K
Q3 25
$9.2M
$-2.2M
Q2 25
$-16.3M
$-2.2M
Q1 25
$-552.0K
$-5.9M
Q4 24
$-8.7M
$3.0M
Q3 24
$14.2M
$-7.5M
Q2 24
$-9.1M
$-3.4M
Q1 24
$7.2M
$-3.4M
Free Cash Flow
FFWM
FFWM
OWLT
OWLT
Q4 25
$-35.2M
$-651.0K
Q3 25
$8.6M
$-2.2M
Q2 25
$-16.7M
$-2.3M
Q1 25
$-2.5M
$-5.9M
Q4 24
$-11.4M
$3.0M
Q3 24
$13.4M
$-7.5M
Q2 24
$-9.4M
$-3.4M
Q1 24
$5.9M
FCF Margin
FFWM
FFWM
OWLT
OWLT
Q4 25
-72.8%
-2.5%
Q3 25
13.5%
-6.8%
Q2 25
-32.4%
-8.8%
Q1 25
-3.5%
-28.1%
Q4 24
-123.5%
14.5%
Q3 24
146.2%
-33.9%
Q2 24
-16.3%
-16.3%
Q1 24
11.6%
Capex Intensity
FFWM
FFWM
OWLT
OWLT
Q4 25
6.9%
0.7%
Q3 25
1.0%
0.0%
Q2 25
0.8%
0.2%
Q1 25
2.8%
0.0%
Q4 24
29.4%
0.2%
Q3 24
9.0%
0.0%
Q2 24
0.4%
0.0%
Q1 24
2.5%
0.0%
Cash Conversion
FFWM
FFWM
OWLT
OWLT
Q4 25
Q3 25
-0.52×
Q2 25
Q1 25
-0.08×
-1.96×
Q4 24
Q3 24
Q2 24
-2.96×
Q1 24
9.09×
-1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FFWM
FFWM

Segment breakdown not available.

OWLT
OWLT

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

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