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Side-by-side financial comparison of Owlet, Inc. (OWLT) and UNITY BANCORP INC (UNTY). Click either name above to swap in a different company.
UNITY BANCORP INC is the larger business by last-quarter revenue ($35.3M vs $26.6M, roughly 1.3× Owlet, Inc.). UNITY BANCORP INC runs the higher net margin — 43.9% vs -34.6%, a 78.5% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs 24.2%). UNITY BANCORP INC produced more free cash flow last quarter ($44.3M vs $-651.0K). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% CAGR vs 17.5%).
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.
Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.
OWLT vs UNTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.6M | $35.3M |
| Net Profit | $-9.2M | $15.5M |
| Gross Margin | 47.6% | — |
| Operating Margin | -18.4% | 55.8% |
| Net Margin | -34.6% | 43.9% |
| Revenue YoY | 29.6% | 24.2% |
| Net Profit YoY | -1.5% | 34.5% |
| EPS (diluted) | — | $1.52 |
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 | $35.3M | ||
| Q3 25 | $32.0M | $32.8M | ||
| Q2 25 | $26.1M | $34.4M | ||
| Q1 25 | $21.1M | $29.4M | ||
| Q4 24 | $20.5M | $28.4M | ||
| Q3 24 | $22.1M | $27.7M | ||
| Q2 24 | $20.7M | $25.5M | ||
| Q1 24 | $14.8M | $25.6M |
| Q4 25 | $-9.2M | $15.5M | ||
| Q3 25 | $4.1M | $14.4M | ||
| Q2 25 | $-37.6M | $16.5M | ||
| Q1 25 | $3.0M | $11.6M | ||
| Q4 24 | $-9.1M | $11.5M | ||
| Q3 24 | $-5.6M | $10.9M | ||
| Q2 24 | $-1.1M | $9.5M | ||
| Q1 24 | $3.3M | $9.6M |
| 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% | 55.8% | ||
| Q3 25 | 3.8% | 57.5% | ||
| Q2 25 | -7.4% | 62.6% | ||
| Q1 25 | -12.7% | 52.6% | ||
| Q4 24 | -36.2% | 51.0% | ||
| Q3 24 | -21.8% | 52.7% | ||
| Q2 24 | -10.8% | 49.3% | ||
| Q1 24 | -39.0% | 50.0% |
| Q4 25 | -34.6% | 43.9% | ||
| Q3 25 | 12.9% | 43.8% | ||
| Q2 25 | -144.4% | 48.0% | ||
| Q1 25 | 14.3% | 39.5% | ||
| Q4 24 | -44.2% | 40.5% | ||
| Q3 24 | -25.4% | 39.4% | ||
| Q2 24 | -5.5% | 37.1% | ||
| Q1 24 | 22.2% | 37.5% |
| Q4 25 | — | $1.52 | ||
| Q3 25 | $-0.06 | $1.41 | ||
| Q2 25 | $-2.37 | $1.61 | ||
| Q1 25 | $0.11 | $1.13 | ||
| Q4 24 | $-0.15 | $1.13 | ||
| Q3 24 | $-0.61 | $1.07 | ||
| Q2 24 | $-0.30 | $0.92 | ||
| Q1 24 | $-0.51 | $0.94 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $19.0M | $345.6M |
| Total Assets | $85.6M | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.5M | — | ||
| Q3 25 | $23.8M | — | ||
| Q2 25 | $21.8M | — | ||
| Q1 25 | $16.3M | — | ||
| Q4 24 | $20.2M | — | ||
| Q3 24 | $21.6M | — | ||
| Q2 24 | $15.4M | — | ||
| Q1 24 | $18.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $230.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | $4.0M | — |
| Q4 25 | $19.0M | $345.6M | ||
| Q3 25 | $-54.1M | $334.0M | ||
| Q2 25 | $-59.2M | $319.8M | ||
| Q1 25 | $-25.8M | $306.1M | ||
| Q4 24 | $-29.8M | $295.6M | ||
| Q3 24 | $-21.5M | $284.3M | ||
| Q2 24 | $-33.4M | $273.4M | ||
| Q1 24 | $-32.9M | $266.8M |
| Q4 25 | $85.6M | $3.0B | ||
| Q3 25 | $74.9M | $2.9B | ||
| Q2 25 | $63.5M | $2.9B | ||
| Q1 25 | $51.4M | $2.8B | ||
| Q4 24 | $49.5M | $2.7B | ||
| Q3 24 | $56.1M | $2.6B | ||
| Q2 24 | $45.9M | $2.6B | ||
| Q1 24 | $43.8M | $2.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-452.0K | $44.9M |
| Free Cash FlowOCF − Capex | $-651.0K | $44.3M |
| FCF MarginFCF / Revenue | -2.5% | 125.7% |
| Capex IntensityCapex / Revenue | 0.7% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 2.90× |
| TTM Free Cash FlowTrailing 4 quarters | $-11.1M | $81.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-452.0K | $44.9M | ||
| Q3 25 | $-2.2M | $45.5M | ||
| Q2 25 | $-2.2M | $-25.3M | ||
| Q1 25 | $-5.9M | $17.9M | ||
| Q4 24 | $3.0M | $48.0M | ||
| Q3 24 | $-7.5M | $17.7M | ||
| Q2 24 | $-3.4M | $-8.4M | ||
| Q1 24 | $-3.4M | $15.8M |
| Q4 25 | $-651.0K | $44.3M | ||
| Q3 25 | $-2.2M | $45.3M | ||
| Q2 25 | $-2.3M | $-25.5M | ||
| Q1 25 | $-5.9M | $17.6M | ||
| Q4 24 | $3.0M | $47.3M | ||
| Q3 24 | $-7.5M | $17.5M | ||
| Q2 24 | $-3.4M | $-8.6M | ||
| Q1 24 | — | $15.7M |
| Q4 25 | -2.5% | 125.7% | ||
| Q3 25 | -6.8% | 138.1% | ||
| Q2 25 | -8.8% | -74.2% | ||
| Q1 25 | -28.1% | 59.9% | ||
| Q4 24 | 14.5% | 166.5% | ||
| Q3 24 | -33.9% | 63.3% | ||
| Q2 24 | -16.3% | -33.7% | ||
| Q1 24 | — | 61.4% |
| Q4 25 | 0.7% | 1.6% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 0.2% | 0.5% | ||
| Q1 25 | 0.0% | 1.0% | ||
| Q4 24 | 0.2% | 2.4% | ||
| Q3 24 | 0.0% | 0.5% | ||
| Q2 24 | 0.0% | 0.5% | ||
| Q1 24 | 0.0% | 0.3% |
| Q4 25 | — | 2.90× | ||
| Q3 25 | -0.52× | 3.16× | ||
| Q2 25 | — | -1.54× | ||
| Q1 25 | -1.96× | 1.54× | ||
| Q4 24 | — | 4.17× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | -0.89× | ||
| Q1 24 | -1.03× | 1.64× |
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% |
UNTY
Segment breakdown not available.
