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Side-by-side financial comparison of Owlet, Inc. (OWLT) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $26.6M, roughly 1.4× Owlet, Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -34.6%, a 25.7% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs 3.1%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-651.0K). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
OWLT vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.6M | $36.5M |
| Net Profit | $-9.2M | $-3.2M |
| Gross Margin | 47.6% | 38.6% |
| Operating Margin | -18.4% | -10.9% |
| Net Margin | -34.6% | -8.9% |
| Revenue YoY | 29.6% | 3.1% |
| Net Profit YoY | -1.5% | 71.6% |
| EPS (diluted) | — | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $32.0M | $36.2M | ||
| Q2 25 | $26.1M | $38.3M | ||
| Q1 25 | $21.1M | $41.3M | ||
| Q4 24 | $20.5M | $35.4M | ||
| Q3 24 | $22.1M | $40.5M | ||
| Q2 24 | $20.7M | $48.5M | ||
| Q1 24 | $14.8M | $50.5M |
| Q4 25 | $-9.2M | $-3.2M | ||
| Q3 25 | $4.1M | $-6.3M | ||
| Q2 25 | $-37.6M | $-10.9M | ||
| Q1 25 | $3.0M | $-40.2M | ||
| Q4 24 | $-9.1M | $-11.4M | ||
| Q3 24 | $-5.6M | $-9.9M | ||
| Q2 24 | $-1.1M | $-4.6M | ||
| Q1 24 | $3.3M | $-7.7M |
| Q4 25 | 47.6% | 38.6% | ||
| Q3 25 | 50.6% | 26.4% | ||
| Q2 25 | 51.3% | 33.1% | ||
| Q1 25 | 53.7% | 32.8% | ||
| Q4 24 | 53.5% | 28.7% | ||
| Q3 24 | 52.2% | 33.2% | ||
| Q2 24 | 49.5% | 35.7% | ||
| Q1 24 | 44.4% | 38.5% |
| Q4 25 | -18.4% | -10.9% | ||
| Q3 25 | 3.8% | -19.4% | ||
| Q2 25 | -7.4% | -30.5% | ||
| Q1 25 | -12.7% | -99.9% | ||
| Q4 24 | -36.2% | -36.6% | ||
| Q3 24 | -21.8% | -29.0% | ||
| Q2 24 | -10.8% | -14.3% | ||
| Q1 24 | -39.0% | -20.1% |
| Q4 25 | -34.6% | -8.9% | ||
| Q3 25 | 12.9% | -17.3% | ||
| Q2 25 | -144.4% | -28.3% | ||
| Q1 25 | 14.3% | -97.2% | ||
| Q4 24 | -44.2% | -32.3% | ||
| Q3 24 | -25.4% | -24.5% | ||
| Q2 24 | -5.5% | -9.5% | ||
| Q1 24 | 22.2% | -15.2% |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $-0.06 | $-0.03 | ||
| Q2 25 | $-2.37 | $-0.06 | ||
| Q1 25 | $0.11 | $-0.21 | ||
| Q4 24 | $-0.15 | $-0.06 | ||
| Q3 24 | $-0.61 | $-0.05 | ||
| Q2 24 | $-0.30 | $-0.02 | ||
| Q1 24 | $-0.51 | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $19.0M | $232.1M |
| Total Assets | $85.6M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.5M | $104.5M | ||
| Q3 25 | $23.8M | $100.0M | ||
| Q2 25 | $21.8M | $105.0M | ||
| Q1 25 | $16.3M | $125.6M | ||
| Q4 24 | $20.2M | $142.5M | ||
| Q3 24 | $21.6M | $163.4M | ||
| Q2 24 | $15.4M | $187.4M | ||
| Q1 24 | $18.4M | $204.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | $4.0M | — |
| Q4 25 | $19.0M | $232.1M | ||
| Q3 25 | $-54.1M | $234.4M | ||
| Q2 25 | $-59.2M | $238.8M | ||
| Q1 25 | $-25.8M | $250.7M | ||
| Q4 24 | $-29.8M | $289.4M | ||
| Q3 24 | $-21.5M | $305.1M | ||
| Q2 24 | $-33.4M | $329.4M | ||
| Q1 24 | $-32.9M | $333.1M |
| Q4 25 | $85.6M | $320.9M | ||
| Q3 25 | $74.9M | $335.8M | ||
| Q2 25 | $63.5M | $354.0M | ||
| Q1 25 | $51.4M | $366.1M | ||
| Q4 24 | $49.5M | $420.2M | ||
| Q3 24 | $56.1M | $448.6M | ||
| Q2 24 | $45.9M | $475.3M | ||
| Q1 24 | $43.8M | $485.5M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | $-651.0K | $7.7M |
| FCF MarginFCF / Revenue | -2.5% | 21.0% |
| Capex IntensityCapex / Revenue | 0.7% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-11.1M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-452.0K | $7.7M | ||
| Q3 25 | $-2.2M | $-2.1M | ||
| Q2 25 | $-2.2M | $-14.9M | ||
| Q1 25 | $-5.9M | $-12.2M | ||
| Q4 24 | $3.0M | $-12.0M | ||
| Q3 24 | $-7.5M | $-3.7M | ||
| Q2 24 | $-3.4M | $-13.9M | ||
| Q1 24 | $-3.4M | $-3.3M |
| Q4 25 | $-651.0K | $7.7M | ||
| Q3 25 | $-2.2M | $-2.2M | ||
| Q2 25 | $-2.3M | $-16.2M | ||
| Q1 25 | $-5.9M | $-14.3M | ||
| Q4 24 | $3.0M | $-13.3M | ||
| Q3 24 | $-7.5M | $-3.9M | ||
| Q2 24 | $-3.4M | $-14.1M | ||
| Q1 24 | — | $-3.4M |
| Q4 25 | -2.5% | 21.0% | ||
| Q3 25 | -6.8% | -6.1% | ||
| Q2 25 | -8.8% | -42.3% | ||
| Q1 25 | -28.1% | -34.7% | ||
| Q4 24 | 14.5% | -37.5% | ||
| Q3 24 | -33.9% | -9.7% | ||
| Q2 24 | -16.3% | -29.1% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | 0.7% | 0.0% | ||
| Q3 25 | 0.0% | 0.2% | ||
| Q2 25 | 0.2% | 3.3% | ||
| Q1 25 | 0.0% | 5.3% | ||
| Q4 24 | 0.2% | 3.5% | ||
| Q3 24 | 0.0% | 0.6% | ||
| Q2 24 | 0.0% | 0.5% | ||
| Q1 24 | 0.0% | 0.1% |
| 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% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
