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Side-by-side financial comparison of Owlet, Inc. (OWLT) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
WEST BANCORPORATION INC is the larger business by last-quarter revenue ($26.9M vs $26.6M, roughly 1.0× Owlet, Inc.). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -34.6%, a 73.9% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs 16.6%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $-651.0K). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% CAGR vs 17.3%).
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.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
OWLT vs WTBA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $26.6M | $26.9M |
| Net Profit | $-9.2M | $10.6M |
| Gross Margin | 47.6% | — |
| Operating Margin | -18.4% | 50.0% |
| Net Margin | -34.6% | 39.2% |
| Revenue YoY | 29.6% | 16.6% |
| Net Profit YoY | -1.5% | 34.8% |
| EPS (diluted) | — | $0.61 |
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.
| Q1 26 | — | $26.9M | ||
| Q4 25 | $26.6M | $24.2M | ||
| Q3 25 | $32.0M | $25.0M | ||
| Q2 25 | $26.1M | $23.8M | ||
| Q1 25 | $21.1M | $23.1M | ||
| Q4 24 | $20.5M | $20.9M | ||
| Q3 24 | $22.1M | $20.3M | ||
| Q2 24 | $20.7M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $-9.2M | $7.4M | ||
| Q3 25 | $4.1M | $9.3M | ||
| Q2 25 | $-37.6M | $8.0M | ||
| Q1 25 | $3.0M | $7.8M | ||
| Q4 24 | $-9.1M | $7.1M | ||
| Q3 24 | $-5.6M | $6.0M | ||
| Q2 24 | $-1.1M | $5.2M |
| Q1 26 | — | — | ||
| 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 26 | — | 50.0% | ||
| Q4 25 | -18.4% | 39.6% | ||
| Q3 25 | 3.8% | 45.8% | ||
| Q2 25 | -7.4% | 43.4% | ||
| Q1 25 | -12.7% | 43.4% | ||
| Q4 24 | -36.2% | 30.9% | ||
| Q3 24 | -21.8% | 36.6% | ||
| Q2 24 | -10.8% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | -34.6% | 30.7% | ||
| Q3 25 | 12.9% | 37.3% | ||
| Q2 25 | -144.4% | 33.5% | ||
| Q1 25 | 14.3% | 34.0% | ||
| Q4 24 | -44.2% | 34.0% | ||
| Q3 24 | -25.4% | 29.3% | ||
| Q2 24 | -5.5% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | — | $0.44 | ||
| Q3 25 | $-0.06 | $0.55 | ||
| Q2 25 | $-2.37 | $0.47 | ||
| Q1 25 | $0.11 | $0.46 | ||
| Q4 24 | $-0.15 | $0.41 | ||
| Q3 24 | $-0.61 | $0.35 | ||
| Q2 24 | $-0.30 | $0.31 |
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 | $362.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $19.0M | $270.7M |
| Total Assets | $85.6M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $35.5M | $471.1M | ||
| Q3 25 | $23.8M | $232.9M | ||
| Q2 25 | $21.8M | $345.2M | ||
| Q1 25 | $16.3M | — | ||
| Q4 24 | $20.2M | $243.5M | ||
| Q3 24 | $21.6M | — | ||
| Q2 24 | $15.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $2.1M | — |
| Q1 26 | — | $270.7M | ||
| Q4 25 | $19.0M | $266.0M | ||
| Q3 25 | $-54.1M | $255.1M | ||
| Q2 25 | $-59.2M | $240.9M | ||
| Q1 25 | $-25.8M | $237.9M | ||
| Q4 24 | $-29.8M | $227.9M | ||
| Q3 24 | $-21.5M | $235.4M | ||
| Q2 24 | $-33.4M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $85.6M | $4.1B | ||
| Q3 25 | $74.9M | $4.0B | ||
| Q2 25 | $63.5M | $4.1B | ||
| Q1 25 | $51.4M | $4.0B | ||
| Q4 24 | $49.5M | $4.0B | ||
| Q3 24 | $56.1M | $4.0B | ||
| Q2 24 | $45.9M | $4.0B |
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 | $12.9M |
| Free Cash FlowOCF − Capex | $-651.0K | $12.4M |
| FCF MarginFCF / Revenue | -2.5% | 46.0% |
| Capex IntensityCapex / Revenue | 0.7% | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-11.1M | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $-452.0K | $46.5M | ||
| Q3 25 | $-2.2M | $11.4M | ||
| Q2 25 | $-2.2M | $13.5M | ||
| Q1 25 | $-5.9M | $9.7M | ||
| Q4 24 | $3.0M | $39.8M | ||
| Q3 24 | $-7.5M | $12.9M | ||
| Q2 24 | $-3.4M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $-651.0K | $43.2M | ||
| Q3 25 | $-2.2M | $10.8M | ||
| Q2 25 | $-2.3M | $12.8M | ||
| Q1 25 | $-5.9M | $8.3M | ||
| Q4 24 | $3.0M | $13.7M | ||
| Q3 24 | $-7.5M | $7.0M | ||
| Q2 24 | $-3.4M | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | -2.5% | 178.3% | ||
| Q3 25 | -6.8% | 43.0% | ||
| Q2 25 | -8.8% | 53.6% | ||
| Q1 25 | -28.1% | 35.7% | ||
| Q4 24 | 14.5% | 65.6% | ||
| Q3 24 | -33.9% | 34.2% | ||
| Q2 24 | -16.3% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 0.7% | 13.7% | ||
| Q3 25 | 0.0% | 2.6% | ||
| Q2 25 | 0.2% | 3.2% | ||
| Q1 25 | 0.0% | 6.5% | ||
| Q4 24 | 0.2% | 125.3% | ||
| Q3 24 | 0.0% | 29.4% | ||
| Q2 24 | 0.0% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | — | 6.26× | ||
| Q3 25 | -0.52× | 1.23× | ||
| Q2 25 | — | 1.70× | ||
| Q1 25 | -1.96× | 1.24× | ||
| Q4 24 | — | 5.61× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 1.93× |
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% |
WTBA
Segment breakdown not available.
