Quarterly ResultMay 7, 2026, 04:24 PM
Owlet Q1 Revenue $22.5M, Net Loss $3.3M; Updates 2026 Guidance
AI Summary
Owlet, Inc. reported Q1 2026 financial results, with revenue increasing 6.4% to $22.5 million and a record $2.7 million in subscription revenue. However, the company posted a net loss of $3.3 million and negative Adjusted EBITDA of $(1.5) million for the quarter. Owlet also updated its full-year 2026 guidance, lowering revenue expectations to $118-$122 million but raising Adjusted EBITDA guidance to $7-$9 million, reflecting a strategic focus on profitable growth. The company also announced the official release of its OnCall pediatric telehealth service.
Key Highlights
- Q1 2026 revenue reached $22.5 million, an increase of 6.4% from Q1 2025.
- The company reported a Q1 2026 net loss of $3.3 million, compared to net income of $3.0 million in Q1 2025.
- Q1 2026 Adjusted EBITDA was $(1.5) million, down from $0.0 million in Q1 2025.
- Record Q1 subscription revenue hit $2.7 million, driven by the Owlet360 service.
- Gross margin improved to 54.5% in Q1 2026, up 80 basis points from Q1 2025.
- Full-year 2026 revenue guidance was updated to $118-$122 million, down from $126-$130 million.
- Full-year 2026 Adjusted EBITDA guidance was raised to $7-$9 million, up from $3-$5 million.
- Owlet officially released its OnCall pediatric telehealth service within its app.