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Side-by-side financial comparison of Owlet, Inc. (OWLT) and READING INTERNATIONAL INC (RDI). Click either name above to swap in a different company.
READING INTERNATIONAL INC is the larger business by last-quarter revenue ($50.3M vs $26.6M, roughly 1.9× Owlet, Inc.). READING INTERNATIONAL INC runs the higher net margin — -5.1% vs -34.6%, a 29.5% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs -14.2%). READING INTERNATIONAL INC produced more free cash flow last quarter ($4.1M vs $-651.0K). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% CAGR vs 5.6%).
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.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
OWLT vs RDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.6M | $50.3M |
| Net Profit | $-9.2M | $-2.6M |
| Gross Margin | 47.6% | — |
| Operating Margin | -18.4% | -1.9% |
| Net Margin | -34.6% | -5.1% |
| Revenue YoY | 29.6% | -14.2% |
| Net Profit YoY | -1.5% | -14.5% |
| EPS (diluted) | — | $-0.11 |
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 | $50.3M | ||
| Q3 25 | $32.0M | $52.2M | ||
| Q2 25 | $26.1M | $60.4M | ||
| Q1 25 | $21.1M | $40.2M | ||
| Q4 24 | $20.5M | $58.6M | ||
| Q3 24 | $22.1M | $60.1M | ||
| Q2 24 | $20.7M | $46.8M | ||
| Q1 24 | $14.8M | $45.1M |
| Q4 25 | $-9.2M | $-2.6M | ||
| Q3 25 | $4.1M | $-4.2M | ||
| Q2 25 | $-37.6M | $-2.7M | ||
| Q1 25 | $3.0M | $-4.8M | ||
| Q4 24 | $-9.1M | $-2.2M | ||
| Q3 24 | $-5.6M | $-7.0M | ||
| Q2 24 | $-1.1M | $-12.8M | ||
| Q1 24 | $3.3M | $-13.2M |
| 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% | — |
| Q4 25 | -18.4% | -1.9% | ||
| Q3 25 | 3.8% | -0.6% | ||
| Q2 25 | -7.4% | 4.8% | ||
| Q1 25 | -12.7% | -17.2% | ||
| Q4 24 | -36.2% | 2.6% | ||
| Q3 24 | -21.8% | -0.6% | ||
| Q2 24 | -10.8% | -16.4% | ||
| Q1 24 | -39.0% | -16.7% |
| Q4 25 | -34.6% | -5.1% | ||
| Q3 25 | 12.9% | -8.0% | ||
| Q2 25 | -144.4% | -4.4% | ||
| Q1 25 | 14.3% | -11.8% | ||
| Q4 24 | -44.2% | -3.8% | ||
| Q3 24 | -25.4% | -11.7% | ||
| Q2 24 | -5.5% | -27.4% | ||
| Q1 24 | 22.2% | -29.4% |
| Q4 25 | — | $-0.11 | ||
| Q3 25 | $-0.06 | $-0.18 | ||
| Q2 25 | $-2.37 | $-0.12 | ||
| Q1 25 | $0.11 | $-0.21 | ||
| Q4 24 | $-0.15 | $-0.11 | ||
| Q3 24 | $-0.61 | $-0.31 | ||
| Q2 24 | $-0.30 | $-0.57 | ||
| Q1 24 | $-0.51 | $-0.59 |
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 | $10.5M |
| Total DebtLower is stronger | — | $185.1M |
| Stockholders' EquityBook value | $19.0M | $-18.2M |
| Total Assets | $85.6M | $434.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.5M | $10.5M | ||
| Q3 25 | $23.8M | $8.1M | ||
| Q2 25 | $21.8M | $9.1M | ||
| Q1 25 | $16.3M | $5.9M | ||
| Q4 24 | $20.2M | $12.4M | ||
| Q3 24 | $21.6M | $10.1M | ||
| Q2 24 | $15.4M | $9.3M | ||
| Q1 24 | $18.4M | $7.5M |
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | $4.0M | — |
| Q4 25 | $19.0M | $-18.2M | ||
| Q3 25 | $-54.1M | $-12.1M | ||
| Q2 25 | $-59.2M | $-7.7M | ||
| Q1 25 | $-25.8M | $-8.1M | ||
| Q4 24 | $-29.8M | $-4.4M | ||
| Q3 24 | $-21.5M | $1.6M | ||
| Q2 24 | $-33.4M | $6.5M | ||
| Q1 24 | $-32.9M | $18.0M |
| Q4 25 | $85.6M | $434.9M | ||
| Q3 25 | $74.9M | $435.2M | ||
| Q2 25 | $63.5M | $438.1M | ||
| Q1 25 | $51.4M | $441.0M | ||
| Q4 24 | $49.5M | $471.0M | ||
| Q3 24 | $56.1M | $495.7M | ||
| Q2 24 | $45.9M | $494.9M | ||
| Q1 24 | $43.8M | $494.9M |
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 | $4.3M |
| Free Cash FlowOCF − Capex | $-651.0K | $4.1M |
| FCF MarginFCF / Revenue | -2.5% | 8.2% |
| Capex IntensityCapex / Revenue | 0.7% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-11.1M | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-452.0K | $4.3M | ||
| Q3 25 | $-2.2M | $295.0K | ||
| Q2 25 | $-2.2M | $1.6M | ||
| Q1 25 | $-5.9M | $-7.7M | ||
| Q4 24 | $3.0M | $8.0M | ||
| Q3 24 | $-7.5M | $1.3M | ||
| Q2 24 | $-3.4M | $-10.4M | ||
| Q1 24 | $-3.4M | $-2.8M |
| Q4 25 | $-651.0K | $4.1M | ||
| Q3 25 | $-2.2M | $-246.0K | ||
| Q2 25 | $-2.3M | $1.2M | ||
| Q1 25 | $-5.9M | $-8.0M | ||
| Q4 24 | $3.0M | $7.0M | ||
| Q3 24 | $-7.5M | $-1.1M | ||
| Q2 24 | $-3.4M | $-10.6M | ||
| Q1 24 | — | $-4.7M |
| Q4 25 | -2.5% | 8.2% | ||
| Q3 25 | -6.8% | -0.5% | ||
| Q2 25 | -8.8% | 1.9% | ||
| Q1 25 | -28.1% | -19.8% | ||
| Q4 24 | 14.5% | 12.0% | ||
| Q3 24 | -33.9% | -1.8% | ||
| Q2 24 | -16.3% | -22.7% | ||
| Q1 24 | — | -10.4% |
| Q4 25 | 0.7% | 0.3% | ||
| Q3 25 | 0.0% | 1.0% | ||
| Q2 25 | 0.2% | 0.6% | ||
| Q1 25 | 0.0% | 0.6% | ||
| Q4 24 | 0.2% | 1.7% | ||
| Q3 24 | 0.0% | 4.0% | ||
| Q2 24 | 0.0% | 0.5% | ||
| Q1 24 | 0.0% | 4.3% |
| 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
OWLT
| US | $22.7M | 85% |
| Non Us | $3.2M | 12% |
| Other | $651.0K | 2% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
