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Side-by-side financial comparison of NeuroPace Inc (NPCE) and Owlet, Inc. (OWLT). Click either name above to swap in a different company.
NeuroPace Inc is the larger business by last-quarter revenue ($26.6M vs $26.6M, roughly 1.0× Owlet, Inc.). NeuroPace Inc runs the higher net margin — -10.3% vs -34.6%, a 24.3% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs 23.9%). NeuroPace Inc produced more free cash flow last quarter ($409.0K vs $-651.0K). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% CAGR vs 21.1%).
NeuroPace Inc is a medical technology company focused on developing and commercializing innovative implantable neurostimulation systems to treat neurological disorders, primarily drug-resistant epilepsy. Its core RNS System delivers personalized responsive stimulation to reduce seizure frequency, serving patients across North America and select global markets via partnerships with healthcare providers.
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.
NPCE vs OWLT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.6M | $26.6M |
| Net Profit | $-2.7M | $-9.2M |
| Gross Margin | 77.4% | 47.6% |
| Operating Margin | -6.6% | -18.4% |
| Net Margin | -10.3% | -34.6% |
| Revenue YoY | 23.9% | 29.6% |
| Net Profit YoY | 48.0% | -1.5% |
| EPS (diluted) | $-0.08 | — |
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 | $26.6M | ||
| Q3 25 | $27.4M | $32.0M | ||
| Q2 25 | $23.5M | $26.1M | ||
| Q1 25 | $22.5M | $21.1M | ||
| Q4 24 | $21.5M | $20.5M | ||
| Q3 24 | $21.1M | $22.1M | ||
| Q2 24 | $19.3M | $20.7M | ||
| Q1 24 | $18.1M | $14.8M |
| Q4 25 | $-2.7M | $-9.2M | ||
| Q3 25 | $-3.5M | $4.1M | ||
| Q2 25 | $-8.7M | $-37.6M | ||
| Q1 25 | $-6.6M | $3.0M | ||
| Q4 24 | $-5.3M | $-9.1M | ||
| Q3 24 | $-5.5M | $-5.6M | ||
| Q2 24 | $-7.5M | $-1.1M | ||
| Q1 24 | $-8.9M | $3.3M |
| Q4 25 | 77.4% | 47.6% | ||
| Q3 25 | 77.4% | 50.6% | ||
| Q2 25 | 77.1% | 51.3% | ||
| Q1 25 | 77.0% | 53.7% | ||
| Q4 24 | 75.4% | 53.5% | ||
| Q3 24 | 73.2% | 52.2% | ||
| Q2 24 | 73.4% | 49.5% | ||
| Q1 24 | 73.6% | 44.4% |
| Q4 25 | -6.6% | -18.4% | ||
| Q3 25 | -9.5% | 3.8% | ||
| Q2 25 | -29.0% | -7.4% | ||
| Q1 25 | -22.9% | -12.7% | ||
| Q4 24 | -17.0% | -36.2% | ||
| Q3 24 | -20.1% | -21.8% | ||
| Q2 24 | -32.4% | -10.8% | ||
| Q1 24 | -41.6% | -39.0% |
| Q4 25 | -10.3% | -34.6% | ||
| Q3 25 | -12.8% | 12.9% | ||
| Q2 25 | -36.8% | -144.4% | ||
| Q1 25 | -29.3% | 14.3% | ||
| Q4 24 | -24.5% | -44.2% | ||
| Q3 24 | -25.9% | -25.4% | ||
| Q2 24 | -39.0% | -5.5% | ||
| Q1 24 | -49.2% | 22.2% |
| Q4 25 | $-0.08 | — | ||
| Q3 25 | $-0.11 | $-0.06 | ||
| Q2 25 | $-0.26 | $-2.37 | ||
| Q1 25 | $-0.21 | $0.11 | ||
| Q4 24 | $-0.16 | $-0.15 | ||
| Q3 24 | $-0.19 | $-0.61 | ||
| Q2 24 | $-0.26 | $-0.30 | ||
| Q1 24 | $-0.32 | $-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 | $61.1M | $35.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $19.0M | $19.0M |
| Total Assets | $105.6M | $85.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $61.1M | $35.5M | ||
| Q3 25 | $60.0M | $23.8M | ||
| Q2 25 | $62.1M | $21.8M | ||
| Q1 25 | $66.3M | $16.3M | ||
| Q4 24 | $52.8M | $20.2M | ||
| Q3 24 | $56.8M | $21.6M | ||
| Q2 24 | $55.5M | $15.4M | ||
| Q1 24 | $58.9M | $18.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $2.1M | ||
| Q1 24 | — | $4.0M |
| Q4 25 | $19.0M | $19.0M | ||
| Q3 25 | $18.5M | $-54.1M | ||
| Q2 25 | $19.4M | $-59.2M | ||
| Q1 25 | $24.3M | $-25.8M | ||
| Q4 24 | $8.0M | $-29.8M | ||
| Q3 24 | $9.8M | $-21.5M | ||
| Q2 24 | $9.9M | $-33.4M | ||
| Q1 24 | $14.3M | $-32.9M |
| Q4 25 | $105.6M | $85.6M | ||
| Q3 25 | $107.3M | $74.9M | ||
| Q2 25 | $106.1M | $63.5M | ||
| Q1 25 | $110.2M | $51.4M | ||
| Q4 24 | $94.6M | $49.5M | ||
| Q3 24 | $96.3M | $56.1M | ||
| Q2 24 | $94.4M | $45.9M | ||
| Q1 24 | $98.9M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $506.0K | $-452.0K |
| Free Cash FlowOCF − Capex | $409.0K | $-651.0K |
| FCF MarginFCF / Revenue | 1.5% | -2.5% |
| Capex IntensityCapex / Revenue | 0.4% | 0.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-11.3M | $-11.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $506.0K | $-452.0K | ||
| Q3 25 | $-1.9M | $-2.2M | ||
| Q2 25 | $-2.1M | $-2.2M | ||
| Q1 25 | $-7.5M | $-5.9M | ||
| Q4 24 | $-4.8M | $3.0M | ||
| Q3 24 | $-1.7M | $-7.5M | ||
| Q2 24 | $-3.9M | $-3.4M | ||
| Q1 24 | $-7.5M | $-3.4M |
| Q4 25 | $409.0K | $-651.0K | ||
| Q3 25 | $-2.0M | $-2.2M | ||
| Q2 25 | $-2.3M | $-2.3M | ||
| Q1 25 | $-7.5M | $-5.9M | ||
| Q4 24 | $-4.8M | $3.0M | ||
| Q3 24 | $-1.8M | $-7.5M | ||
| Q2 24 | $-4.0M | $-3.4M | ||
| Q1 24 | $-7.6M | — |
| Q4 25 | 1.5% | -2.5% | ||
| Q3 25 | -7.2% | -6.8% | ||
| Q2 25 | -9.6% | -8.8% | ||
| Q1 25 | -33.4% | -28.1% | ||
| Q4 24 | -22.5% | 14.5% | ||
| Q3 24 | -8.7% | -33.9% | ||
| Q2 24 | -20.6% | -16.3% | ||
| Q1 24 | -42.1% | — |
| Q4 25 | 0.4% | 0.7% | ||
| Q3 25 | 0.1% | 0.0% | ||
| Q2 25 | 0.7% | 0.2% | ||
| Q1 25 | 0.2% | 0.0% | ||
| Q4 24 | 0.2% | 0.2% | ||
| Q3 24 | 0.5% | 0.0% | ||
| Q2 24 | 0.3% | 0.0% | ||
| Q1 24 | 0.6% | 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
NPCE
Segment breakdown not available.
OWLT
| US | $22.7M | 85% |
| Non Us | $3.2M | 12% |
| Other | $651.0K | 2% |
