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Side-by-side financial comparison of Owlet, Inc. (OWLT) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
Owlet, Inc. is the larger business by last-quarter revenue ($26.6M vs $15.8M, roughly 1.7× Spire Global, Inc.). Owlet, Inc. runs the higher net margin — -34.6% vs -176.6%, a 142.0% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs -26.9%). Owlet, Inc. produced more free cash flow last quarter ($-651.0K vs $-16.2M). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% CAGR vs -32.6%).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
OWLT vs SPIR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.6M | $15.8M |
| Net Profit | $-9.2M | $-28.0M |
| Gross Margin | 47.6% | 40.2% |
| Operating Margin | -18.4% | -164.1% |
| Net Margin | -34.6% | -176.6% |
| Revenue YoY | 29.6% | -26.9% |
| Net Profit YoY | -1.5% | 42.7% |
| EPS (diluted) | — | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $32.0M | $12.7M | ||
| Q2 25 | $26.1M | $19.2M | ||
| Q1 25 | $21.1M | $23.9M | ||
| Q4 24 | $20.5M | $21.7M | ||
| Q3 24 | $22.1M | $28.6M | ||
| Q2 24 | $20.7M | $25.4M | ||
| Q1 24 | $14.8M | $34.8M |
| Q4 25 | $-9.2M | $-28.0M | ||
| Q3 25 | $4.1M | $-19.7M | ||
| Q2 25 | $-37.6M | $119.6M | ||
| Q1 25 | $3.0M | $-20.7M | ||
| Q4 24 | $-9.1M | $-48.8M | ||
| Q3 24 | $-5.6M | $-12.5M | ||
| Q2 24 | $-1.1M | $-16.6M | ||
| Q1 24 | $3.3M | $-25.5M |
| Q4 25 | 47.6% | 40.2% | ||
| Q3 25 | 50.6% | 36.6% | ||
| Q2 25 | 51.3% | 48.9% | ||
| Q1 25 | 53.7% | 36.8% | ||
| Q4 24 | 53.5% | 32.4% | ||
| Q3 24 | 52.2% | 44.5% | ||
| Q2 24 | 49.5% | 43.0% | ||
| Q1 24 | 44.4% | 26.5% |
| Q4 25 | -18.4% | -164.1% | ||
| Q3 25 | 3.8% | -166.1% | ||
| Q2 25 | -7.4% | -122.7% | ||
| Q1 25 | -12.7% | -106.5% | ||
| Q4 24 | -36.2% | -144.1% | ||
| Q3 24 | -21.8% | -48.0% | ||
| Q2 24 | -10.8% | -48.6% | ||
| Q1 24 | -39.0% | -34.4% |
| Q4 25 | -34.6% | -176.6% | ||
| Q3 25 | 12.9% | -155.3% | ||
| Q2 25 | -144.4% | 623.4% | ||
| Q1 25 | 14.3% | -86.5% | ||
| Q4 24 | -44.2% | -225.2% | ||
| Q3 24 | -25.4% | -43.7% | ||
| Q2 24 | -5.5% | -65.2% | ||
| Q1 24 | 22.2% | -73.3% |
| Q4 25 | — | $-0.85 | ||
| Q3 25 | $-0.06 | $-0.61 | ||
| Q2 25 | $-2.37 | $3.72 | ||
| Q1 25 | $0.11 | $-0.77 | ||
| Q4 24 | $-0.15 | $-1.93 | ||
| Q3 24 | $-0.61 | $-0.50 | ||
| Q2 24 | $-0.30 | $-0.68 | ||
| Q1 24 | $-0.51 | $-1.17 |
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 | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $19.0M | $112.9M |
| Total Assets | $85.6M | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.5M | $81.8M | ||
| Q3 25 | $23.8M | $96.8M | ||
| Q2 25 | $21.8M | $117.6M | ||
| Q1 25 | $16.3M | $35.9M | ||
| Q4 24 | $20.2M | $19.2M | ||
| Q3 24 | $21.6M | $36.6M | ||
| Q2 24 | $15.4M | $45.8M | ||
| Q1 24 | $18.4M | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | $2.1M | $4.9M | ||
| Q1 24 | $4.0M | $123.1M |
| Q4 25 | $19.0M | $112.9M | ||
| Q3 25 | $-54.1M | $133.1M | ||
| Q2 25 | $-59.2M | $149.2M | ||
| Q1 25 | $-25.8M | $3.7M | ||
| Q4 24 | $-29.8M | $-11.7M | ||
| Q3 24 | $-21.5M | $30.8M | ||
| Q2 24 | $-33.4M | $40.3M | ||
| Q1 24 | $-32.9M | $52.5M |
| Q4 25 | $85.6M | $211.0M | ||
| Q3 25 | $74.9M | $224.3M | ||
| Q2 25 | $63.5M | $239.5M | ||
| Q1 25 | $51.4M | $208.8M | ||
| Q4 24 | $49.5M | $193.6M | ||
| Q3 24 | $56.1M | $224.2M | ||
| Q2 24 | $45.9M | $230.8M | ||
| Q1 24 | $43.8M | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
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 | $-16.2M |
| FCF MarginFCF / Revenue | -2.5% | -102.1% |
| Capex IntensityCapex / Revenue | 0.7% | 75.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-11.1M | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-452.0K | $-4.3M | ||
| Q3 25 | $-2.2M | $-12.0M | ||
| Q2 25 | $-2.2M | $-35.1M | ||
| Q1 25 | $-5.9M | $-8.4M | ||
| Q4 24 | $3.0M | $-19.2M | ||
| Q3 24 | $-7.5M | $14.0M | ||
| Q2 24 | $-3.4M | $-4.4M | ||
| Q1 24 | $-3.4M | $-8.8M |
| Q4 25 | $-651.0K | $-16.2M | ||
| Q3 25 | $-2.2M | $-20.4M | ||
| Q2 25 | $-2.3M | $-38.7M | ||
| Q1 25 | $-5.9M | $-17.3M | ||
| Q4 24 | $3.0M | $-24.3M | ||
| Q3 24 | $-7.5M | $5.1M | ||
| Q2 24 | $-3.4M | $-9.9M | ||
| Q1 24 | — | $-15.9M |
| Q4 25 | -2.5% | -102.1% | ||
| Q3 25 | -6.8% | -161.3% | ||
| Q2 25 | -8.8% | -201.7% | ||
| Q1 25 | -28.1% | -72.6% | ||
| Q4 24 | 14.5% | -112.2% | ||
| Q3 24 | -33.9% | 17.8% | ||
| Q2 24 | -16.3% | -39.0% | ||
| Q1 24 | — | -45.7% |
| Q4 25 | 0.7% | 75.1% | ||
| Q3 25 | 0.0% | 66.2% | ||
| Q2 25 | 0.2% | 18.8% | ||
| Q1 25 | 0.0% | 37.3% | ||
| Q4 24 | 0.2% | 23.5% | ||
| Q3 24 | 0.0% | 31.2% | ||
| Q2 24 | 0.0% | 21.8% | ||
| Q1 24 | 0.0% | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | -0.52× | — | ||
| Q2 25 | — | -0.29× | ||
| 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% |
SPIR
Segment breakdown not available.
