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Side-by-side financial comparison of Owlet, Inc. (OWLT) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Velocity Financial, Inc. is the larger business by last-quarter revenue ($51.6M vs $26.6M, roughly 1.9× Owlet, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs -34.6%, a 101.9% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs 29.6%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $-651.0K). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% CAGR vs 32.3%).
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.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
OWLT vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.6M | $51.6M |
| Net Profit | $-9.2M | $34.8M |
| Gross Margin | 47.6% | — |
| Operating Margin | -18.4% | 97.0% |
| Net Margin | -34.6% | 67.3% |
| Revenue YoY | 29.6% | 32.8% |
| Net Profit YoY | -1.5% | 67.0% |
| EPS (diluted) | — | $0.90 |
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 | $51.6M | ||
| Q3 25 | $32.0M | $49.1M | ||
| Q2 25 | $26.1M | $47.6M | ||
| Q1 25 | $21.1M | $37.5M | ||
| Q4 24 | $20.5M | $38.9M | ||
| Q3 24 | $22.1M | $35.1M | ||
| Q2 24 | $20.7M | $32.4M | ||
| Q1 24 | $14.8M | $29.5M |
| Q4 25 | $-9.2M | $34.8M | ||
| Q3 25 | $4.1M | $25.4M | ||
| Q2 25 | $-37.6M | $26.0M | ||
| Q1 25 | $3.0M | $18.9M | ||
| Q4 24 | $-9.1M | $20.8M | ||
| Q3 24 | $-5.6M | $15.8M | ||
| Q2 24 | $-1.1M | $14.8M | ||
| Q1 24 | $3.3M | $17.3M |
| 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% | 97.0% | ||
| Q3 25 | 3.8% | 72.1% | ||
| Q2 25 | -7.4% | 71.3% | ||
| Q1 25 | -12.7% | 71.7% | ||
| Q4 24 | -36.2% | 82.5% | ||
| Q3 24 | -21.8% | 60.6% | ||
| Q2 24 | -10.8% | 61.3% | ||
| Q1 24 | -39.0% | 78.8% |
| Q4 25 | -34.6% | 67.3% | ||
| Q3 25 | 12.9% | 51.7% | ||
| Q2 25 | -144.4% | 54.6% | ||
| Q1 25 | 14.3% | 50.4% | ||
| Q4 24 | -44.2% | 53.5% | ||
| Q3 24 | -25.4% | 45.1% | ||
| Q2 24 | -5.5% | 45.6% | ||
| Q1 24 | 22.2% | 58.5% |
| Q4 25 | — | $0.90 | ||
| Q3 25 | $-0.06 | $0.65 | ||
| Q2 25 | $-2.37 | $0.69 | ||
| Q1 25 | $0.11 | $0.51 | ||
| Q4 24 | $-0.15 | $0.56 | ||
| Q3 24 | $-0.61 | $0.44 | ||
| Q2 24 | $-0.30 | $0.42 | ||
| Q1 24 | $-0.51 | $0.49 |
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 | $92.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $19.0M | $672.5M |
| Total Assets | $85.6M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.5M | $92.1M | ||
| Q3 25 | $23.8M | $99.0M | ||
| Q2 25 | $21.8M | $79.6M | ||
| Q1 25 | $16.3M | $51.7M | ||
| Q4 24 | $20.2M | $49.9M | ||
| Q3 24 | $21.6M | $44.1M | ||
| Q2 24 | $15.4M | $47.4M | ||
| Q1 24 | $18.4M | $34.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $2.1M | — | ||
| Q1 24 | $4.0M | — |
| Q4 25 | $19.0M | $672.5M | ||
| Q3 25 | $-54.1M | $634.3M | ||
| Q2 25 | $-59.2M | $597.9M | ||
| Q1 25 | $-25.8M | $563.2M | ||
| Q4 24 | $-29.8M | $516.9M | ||
| Q3 24 | $-21.5M | $484.6M | ||
| Q2 24 | $-33.4M | $471.3M | ||
| Q1 24 | $-32.9M | $452.9M |
| Q4 25 | $85.6M | $7.4B | ||
| Q3 25 | $74.9M | $7.0B | ||
| Q2 25 | $63.5M | $6.5B | ||
| Q1 25 | $51.4M | $6.0B | ||
| Q4 24 | $49.5M | $5.5B | ||
| Q3 24 | $56.1M | $5.2B | ||
| Q2 24 | $45.9M | $4.9B | ||
| Q1 24 | $43.8M | $4.6B |
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 | $18.2M |
| Free Cash FlowOCF − Capex | $-651.0K | $17.9M |
| FCF MarginFCF / Revenue | -2.5% | 34.6% |
| Capex IntensityCapex / Revenue | 0.7% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-11.1M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-452.0K | $18.2M | ||
| Q3 25 | $-2.2M | $11.5M | ||
| Q2 25 | $-2.2M | $7.7M | ||
| Q1 25 | $-5.9M | $3.5M | ||
| Q4 24 | $3.0M | $37.8M | ||
| Q3 24 | $-7.5M | $-17.6M | ||
| Q2 24 | $-3.4M | $11.5M | ||
| Q1 24 | $-3.4M | $10.6M |
| Q4 25 | $-651.0K | $17.9M | ||
| Q3 25 | $-2.2M | $11.4M | ||
| Q2 25 | $-2.3M | $7.6M | ||
| Q1 25 | $-5.9M | $3.5M | ||
| Q4 24 | $3.0M | $37.5M | ||
| Q3 24 | $-7.5M | $-17.6M | ||
| Q2 24 | $-3.4M | $11.4M | ||
| Q1 24 | — | $10.5M |
| Q4 25 | -2.5% | 34.6% | ||
| Q3 25 | -6.8% | 23.2% | ||
| Q2 25 | -8.8% | 15.9% | ||
| Q1 25 | -28.1% | 9.2% | ||
| Q4 24 | 14.5% | 96.4% | ||
| Q3 24 | -33.9% | -50.3% | ||
| Q2 24 | -16.3% | 35.1% | ||
| Q1 24 | — | 35.8% |
| Q4 25 | 0.7% | 0.5% | ||
| Q3 25 | 0.0% | 0.1% | ||
| Q2 25 | 0.2% | 0.2% | ||
| Q1 25 | 0.0% | 0.2% | ||
| Q4 24 | 0.2% | 0.7% | ||
| Q3 24 | 0.0% | 0.2% | ||
| Q2 24 | 0.0% | 0.3% | ||
| Q1 24 | 0.0% | 0.1% |
| Q4 25 | — | 0.52× | ||
| Q3 25 | -0.52× | 0.45× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | -1.96× | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | -1.11× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | -1.03× | 0.61× |
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% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
