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

Performance Shipping Inc. is the larger business by last-quarter revenue ($39.5M vs $26.6M, roughly 1.5× Owlet, Inc.). Performance Shipping Inc. runs the higher net margin — 97.5% vs -34.6%, a 132.1% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs -7.9%).

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.

Azerbaijan Caspian Shipping Closed Joint-Stock Company is a state-owned Azerbaijani shipping company. It is also known by its Russian-derived abbreviation CASPAR.

OWLT vs PSHG — Head-to-Head

Bigger by revenue
PSHG
PSHG
1.5× larger
PSHG
$39.5M
$26.6M
OWLT
Growing faster (revenue YoY)
OWLT
OWLT
+37.6% gap
OWLT
29.6%
-7.9%
PSHG
Higher net margin
PSHG
PSHG
132.1% more per $
PSHG
97.5%
-34.6%
OWLT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
OWLT
OWLT
PSHG
PSHG
Revenue
$26.6M
$39.5M
Net Profit
$-9.2M
$38.5M
Gross Margin
47.6%
Operating Margin
-18.4%
93.3%
Net Margin
-34.6%
97.5%
Revenue YoY
29.6%
-7.9%
Net Profit YoY
-1.5%
78.1%
EPS (diluted)
$1.00

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
OWLT
OWLT
PSHG
PSHG
Q4 25
$26.6M
Q3 25
$32.0M
Q2 25
$26.1M
$39.5M
Q1 25
$21.1M
Q4 24
$20.5M
Q3 24
$22.1M
Q2 24
$20.7M
$42.9M
Q1 24
$14.8M
Net Profit
OWLT
OWLT
PSHG
PSHG
Q4 25
$-9.2M
Q3 25
$4.1M
Q2 25
$-37.6M
$38.5M
Q1 25
$3.0M
Q4 24
$-9.1M
Q3 24
$-5.6M
Q2 24
$-1.1M
$21.6M
Q1 24
$3.3M
Gross Margin
OWLT
OWLT
PSHG
PSHG
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
OWLT
OWLT
PSHG
PSHG
Q4 25
-18.4%
Q3 25
3.8%
Q2 25
-7.4%
93.3%
Q1 25
-12.7%
Q4 24
-36.2%
Q3 24
-21.8%
Q2 24
-10.8%
49.1%
Q1 24
-39.0%
Net Margin
OWLT
OWLT
PSHG
PSHG
Q4 25
-34.6%
Q3 25
12.9%
Q2 25
-144.4%
97.5%
Q1 25
14.3%
Q4 24
-44.2%
Q3 24
-25.4%
Q2 24
-5.5%
50.4%
Q1 24
22.2%
EPS (diluted)
OWLT
OWLT
PSHG
PSHG
Q4 25
Q3 25
$-0.06
Q2 25
$-2.37
$1.00
Q1 25
$0.11
Q4 24
$-0.15
Q3 24
$-0.61
Q2 24
$-0.30
$0.55
Q1 24
$-0.51

Balance Sheet & Financial Strength

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

Metric
OWLT
OWLT
PSHG
PSHG
Cash + ST InvestmentsLiquidity on hand
$35.5M
$95.8M
Total DebtLower is stronger
$43.7M
Stockholders' EquityBook value
$19.0M
$312.8M
Total Assets
$85.6M
$363.8M
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OWLT
OWLT
PSHG
PSHG
Q4 25
$35.5M
Q3 25
$23.8M
Q2 25
$21.8M
$95.8M
Q1 25
$16.3M
Q4 24
$20.2M
Q3 24
$21.6M
Q2 24
$15.4M
$61.7M
Q1 24
$18.4M
Total Debt
OWLT
OWLT
PSHG
PSHG
Q4 25
Q3 25
Q2 25
$43.7M
Q1 25
Q4 24
Q3 24
Q2 24
$2.1M
$51.2M
Q1 24
$4.0M
Stockholders' Equity
OWLT
OWLT
PSHG
PSHG
Q4 25
$19.0M
Q3 25
$-54.1M
Q2 25
$-59.2M
$312.8M
Q1 25
$-25.8M
Q4 24
$-29.8M
Q3 24
$-21.5M
Q2 24
$-33.4M
$254.0M
Q1 24
$-32.9M
Total Assets
OWLT
OWLT
PSHG
PSHG
Q4 25
$85.6M
Q3 25
$74.9M
Q2 25
$63.5M
$363.8M
Q1 25
$51.4M
Q4 24
$49.5M
Q3 24
$56.1M
Q2 24
$45.9M
$310.5M
Q1 24
$43.8M
Debt / Equity
OWLT
OWLT
PSHG
PSHG
Q4 25
Q3 25
Q2 25
0.14×
Q1 25
Q4 24
Q3 24
Q2 24
0.20×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
OWLT
OWLT
PSHG
PSHG
Operating Cash FlowLast quarter
$-452.0K
$26.8M
Free Cash FlowOCF − Capex
$-651.0K
FCF MarginFCF / Revenue
-2.5%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
0.70×
TTM Free Cash FlowTrailing 4 quarters
$-11.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OWLT
OWLT
PSHG
PSHG
Q4 25
$-452.0K
Q3 25
$-2.2M
Q2 25
$-2.2M
$26.8M
Q1 25
$-5.9M
Q4 24
$3.0M
Q3 24
$-7.5M
Q2 24
$-3.4M
$31.7M
Q1 24
$-3.4M
Free Cash Flow
OWLT
OWLT
PSHG
PSHG
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
OWLT
OWLT
PSHG
PSHG
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
OWLT
OWLT
PSHG
PSHG
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%
0.0%
Q1 24
0.0%
Cash Conversion
OWLT
OWLT
PSHG
PSHG
Q4 25
Q3 25
-0.52×
Q2 25
0.70×
Q1 25
-1.96×
Q4 24
Q3 24
Q2 24
1.47×
Q1 24
-1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OWLT
OWLT

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

PSHG
PSHG

Segment breakdown not available.

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