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Side-by-side financial comparison of Finwise Bancorp (FINW) and Owlet, Inc. (OWLT). Click either name above to swap in a different company.
Finwise Bancorp is the larger business by last-quarter revenue ($42.7M vs $26.6M, roughly 1.6× Owlet, Inc.). Finwise Bancorp runs the higher net margin — 6.4% vs -34.6%, a 41.0% gap on every dollar of revenue. Over the past eight quarters, Finwise Bancorp's revenue compounded faster (47.0% CAGR vs 34.2%).
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
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.
FINW vs OWLT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $42.7M | $26.6M |
| Net Profit | $2.7M | $-9.2M |
| Gross Margin | — | 47.6% |
| Operating Margin | — | -18.4% |
| Net Margin | 6.4% | -34.6% |
| Revenue YoY | — | 29.6% |
| Net Profit YoY | — | -1.5% |
| EPS (diluted) | $0.20 | — |
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.
| Q1 26 | $42.7M | — | ||
| Q4 25 | $46.9M | $26.6M | ||
| Q3 25 | $36.7M | $32.0M | ||
| Q2 25 | $25.1M | $26.1M | ||
| Q1 25 | $22.1M | $21.1M | ||
| Q4 24 | $21.1M | $20.5M | ||
| Q3 24 | $20.8M | $22.1M | ||
| Q2 24 | $19.8M | $20.7M |
| Q1 26 | $2.7M | — | ||
| Q4 25 | $3.9M | $-9.2M | ||
| Q3 25 | $4.9M | $4.1M | ||
| Q2 25 | $4.1M | $-37.6M | ||
| Q1 25 | $3.2M | $3.0M | ||
| Q4 24 | $2.8M | $-9.1M | ||
| Q3 24 | $3.5M | $-5.6M | ||
| Q2 24 | $3.2M | $-1.1M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 11.7% | -18.4% | ||
| Q3 25 | 17.5% | 3.8% | ||
| Q2 25 | 21.7% | -7.4% | ||
| Q1 25 | 20.1% | -12.7% | ||
| Q4 24 | 17.5% | -36.2% | ||
| Q3 24 | 22.2% | -21.8% | ||
| Q2 24 | 21.1% | -10.8% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 8.4% | -34.6% | ||
| Q3 25 | 13.3% | 12.9% | ||
| Q2 25 | 16.3% | -144.4% | ||
| Q1 25 | 14.4% | 14.3% | ||
| Q4 24 | 13.2% | -44.2% | ||
| Q3 24 | 16.6% | -25.4% | ||
| Q2 24 | 16.1% | -5.5% |
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.27 | — | ||
| Q3 25 | $0.34 | $-0.06 | ||
| Q2 25 | $0.29 | $-2.37 | ||
| Q1 25 | $0.23 | $0.11 | ||
| Q4 24 | $0.19 | $-0.15 | ||
| Q3 24 | $0.25 | $-0.61 | ||
| Q2 24 | $0.24 | $-0.30 |
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 | — | — |
| Stockholders' EquityBook value | $196.6M | $19.0M |
| Total Assets | $899.4M | $85.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $163.4M | $35.5M | ||
| Q3 25 | $105.6M | $23.8M | ||
| Q2 25 | $90.1M | $21.8M | ||
| Q1 25 | $120.3M | $16.3M | ||
| Q4 24 | $109.2M | $20.2M | ||
| Q3 24 | $85.8M | $21.6M | ||
| Q2 24 | $89.0M | $15.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $2.1M |
| Q1 26 | $196.6M | — | ||
| Q4 25 | $193.2M | $19.0M | ||
| Q3 25 | $187.8M | $-54.1M | ||
| Q2 25 | $182.0M | $-59.2M | ||
| Q1 25 | $177.4M | $-25.8M | ||
| Q4 24 | $173.7M | $-29.8M | ||
| Q3 24 | $170.4M | $-21.5M | ||
| Q2 24 | $165.8M | $-33.4M |
| Q1 26 | $899.4M | — | ||
| Q4 25 | $977.1M | $85.6M | ||
| Q3 25 | $899.9M | $74.9M | ||
| Q2 25 | $842.5M | $63.5M | ||
| Q1 25 | $804.1M | $51.4M | ||
| Q4 24 | $746.0M | $49.5M | ||
| Q3 24 | $683.0M | $56.1M | ||
| Q2 24 | $617.8M | $45.9M |
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 | — | $-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.
| Q1 26 | — | — | ||
| Q4 25 | $-28.4M | $-452.0K | ||
| Q3 25 | $3.5M | $-2.2M | ||
| Q2 25 | $-18.3M | $-2.2M | ||
| Q1 25 | $-21.6M | $-5.9M | ||
| Q4 24 | $-15.0M | $3.0M | ||
| Q3 24 | $-9.8M | $-7.5M | ||
| Q2 24 | $-7.6M | $-3.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-28.6M | $-651.0K | ||
| Q3 25 | $3.4M | $-2.2M | ||
| Q2 25 | $-19.8M | $-2.3M | ||
| Q1 25 | $-23.3M | $-5.9M | ||
| Q4 24 | $-16.1M | $3.0M | ||
| Q3 24 | $-13.4M | $-7.5M | ||
| Q2 24 | $-7.7M | $-3.4M |
| Q1 26 | — | — | ||
| Q4 25 | -61.1% | -2.5% | ||
| Q3 25 | 9.4% | -6.8% | ||
| Q2 25 | -79.0% | -8.8% | ||
| Q1 25 | -105.3% | -28.1% | ||
| Q4 24 | -76.0% | 14.5% | ||
| Q3 24 | -64.3% | -33.9% | ||
| Q2 24 | -38.7% | -16.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.7% | ||
| Q3 25 | 0.1% | 0.0% | ||
| Q2 25 | 5.8% | 0.2% | ||
| Q1 25 | 7.4% | 0.0% | ||
| Q4 24 | 5.1% | 0.2% | ||
| Q3 24 | 17.2% | 0.0% | ||
| Q2 24 | 0.3% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | -7.26× | — | ||
| Q3 25 | 0.71× | -0.52× | ||
| Q2 25 | -4.48× | — | ||
| Q1 25 | -6.78× | -1.96× | ||
| Q4 24 | -5.37× | — | ||
| Q3 24 | -2.84× | — | ||
| Q2 24 | -2.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FINW
| Net Interest Income | $28.1M | 66% |
| Noninterest Income | $14.6M | 34% |
OWLT
| US | $22.7M | 85% |
| Non Us | $3.2M | 12% |
| Other | $651.0K | 2% |
