vs
Side-by-side financial comparison of Owlet, Inc. (OWLT) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $26.6M, roughly 1.3× Owlet, Inc.). Spok Holdings, Inc runs the higher net margin — 8.7% vs -34.6%, a 43.3% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs -0.1%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-651.0K). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% CAGR vs -1.5%).
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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
OWLT vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.6M | $33.9M |
| Net Profit | $-9.2M | $2.9M |
| Gross Margin | 47.6% | 76.7% |
| Operating Margin | -18.4% | 11.6% |
| Net Margin | -34.6% | 8.7% |
| Revenue YoY | 29.6% | -0.1% |
| Net Profit YoY | -1.5% | -19.6% |
| EPS (diluted) | — | $0.13 |
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 | $33.9M | ||
| Q3 25 | $32.0M | $33.9M | ||
| Q2 25 | $26.1M | $35.7M | ||
| Q1 25 | $21.1M | $36.3M | ||
| Q4 24 | $20.5M | $33.9M | ||
| Q3 24 | $22.1M | $34.9M | ||
| Q2 24 | $20.7M | $34.0M | ||
| Q1 24 | $14.8M | $34.9M |
| Q4 25 | $-9.2M | $2.9M | ||
| Q3 25 | $4.1M | $3.2M | ||
| Q2 25 | $-37.6M | $4.6M | ||
| Q1 25 | $3.0M | $5.2M | ||
| Q4 24 | $-9.1M | $3.6M | ||
| Q3 24 | $-5.6M | $3.7M | ||
| Q2 24 | $-1.1M | $3.4M | ||
| Q1 24 | $3.3M | $4.2M |
| Q4 25 | 47.6% | 76.7% | ||
| Q3 25 | 50.6% | 78.3% | ||
| Q2 25 | 51.3% | 79.5% | ||
| Q1 25 | 53.7% | 80.1% | ||
| Q4 24 | 53.5% | 78.5% | ||
| Q3 24 | 52.2% | 79.5% | ||
| Q2 24 | 49.5% | 78.9% | ||
| Q1 24 | 44.4% | 79.5% |
| Q4 25 | -18.4% | 11.6% | ||
| Q3 25 | 3.8% | 12.9% | ||
| Q2 25 | -7.4% | 15.1% | ||
| Q1 25 | -12.7% | 16.6% | ||
| Q4 24 | -36.2% | 13.7% | ||
| Q3 24 | -21.8% | 14.2% | ||
| Q2 24 | -10.8% | 13.2% | ||
| Q1 24 | -39.0% | 14.0% |
| Q4 25 | -34.6% | 8.7% | ||
| Q3 25 | 12.9% | 9.5% | ||
| Q2 25 | -144.4% | 12.8% | ||
| Q1 25 | 14.3% | 14.3% | ||
| Q4 24 | -44.2% | 10.8% | ||
| Q3 24 | -25.4% | 10.5% | ||
| Q2 24 | -5.5% | 10.1% | ||
| Q1 24 | 22.2% | 12.1% |
| Q4 25 | — | $0.13 | ||
| Q3 25 | $-0.06 | $0.15 | ||
| Q2 25 | $-2.37 | $0.22 | ||
| Q1 25 | $0.11 | $0.25 | ||
| Q4 24 | $-0.15 | $0.17 | ||
| Q3 24 | $-0.61 | $0.18 | ||
| Q2 24 | $-0.30 | $0.17 | ||
| Q1 24 | $-0.51 | $0.21 |
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 | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $19.0M | $146.4M |
| Total Assets | $85.6M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.5M | $25.3M | ||
| Q3 25 | $23.8M | $21.4M | ||
| Q2 25 | $21.8M | $20.2M | ||
| Q1 25 | $16.3M | $19.9M | ||
| Q4 24 | $20.2M | $29.1M | ||
| Q3 24 | $21.6M | $27.8M | ||
| Q2 24 | $15.4M | $23.9M | ||
| Q1 24 | $18.4M | $23.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | $4.0M | — |
| Q4 25 | $19.0M | $146.4M | ||
| Q3 25 | $-54.1M | $148.7M | ||
| Q2 25 | $-59.2M | $150.9M | ||
| Q1 25 | $-25.8M | $151.7M | ||
| Q4 24 | $-29.8M | $154.7M | ||
| Q3 24 | $-21.5M | $156.3M | ||
| Q2 24 | $-33.4M | $158.2M | ||
| Q1 24 | $-32.9M | $160.2M |
| Q4 25 | $85.6M | $206.1M | ||
| Q3 25 | $74.9M | $209.7M | ||
| Q2 25 | $63.5M | $208.7M | ||
| Q1 25 | $51.4M | $204.5M | ||
| Q4 24 | $49.5M | $217.1M | ||
| Q3 24 | $56.1M | $216.8M | ||
| Q2 24 | $45.9M | $216.4M | ||
| Q1 24 | $43.8M | $215.0M |
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 | $11.5M |
| Free Cash FlowOCF − Capex | $-651.0K | $10.1M |
| FCF MarginFCF / Revenue | -2.5% | 29.9% |
| Capex IntensityCapex / Revenue | 0.7% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-11.1M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-452.0K | $11.5M | ||
| Q3 25 | $-2.2M | $8.1M | ||
| Q2 25 | $-2.2M | $7.0M | ||
| Q1 25 | $-5.9M | $2.3M | ||
| Q4 24 | $3.0M | $8.4M | ||
| Q3 24 | $-7.5M | $11.1M | ||
| Q2 24 | $-3.4M | $7.4M | ||
| Q1 24 | $-3.4M | $2.0M |
| Q4 25 | $-651.0K | $10.1M | ||
| Q3 25 | $-2.2M | $7.6M | ||
| Q2 25 | $-2.3M | $6.0M | ||
| Q1 25 | $-5.9M | $1.5M | ||
| Q4 24 | $3.0M | $7.5M | ||
| Q3 24 | $-7.5M | $10.3M | ||
| Q2 24 | $-3.4M | $6.8M | ||
| Q1 24 | — | $1.1M |
| Q4 25 | -2.5% | 29.9% | ||
| Q3 25 | -6.8% | 22.4% | ||
| Q2 25 | -8.8% | 16.8% | ||
| Q1 25 | -28.1% | 4.2% | ||
| Q4 24 | 14.5% | 22.3% | ||
| Q3 24 | -33.9% | 29.4% | ||
| Q2 24 | -16.3% | 20.0% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | 0.7% | 4.1% | ||
| Q3 25 | 0.0% | 1.6% | ||
| Q2 25 | 0.2% | 2.9% | ||
| Q1 25 | 0.0% | 2.1% | ||
| Q4 24 | 0.2% | 2.5% | ||
| Q3 24 | 0.0% | 2.4% | ||
| Q2 24 | 0.0% | 1.9% | ||
| Q1 24 | 0.0% | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | -0.52× | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | -1.96× | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | -1.03× | 0.47× |
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% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
