Flagship explainer

How OWLET, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$106M · 100%Cost of revenue$52.2M · 49%Gross profit$53.5M · 51%Operating income−$8.3M · −8%Income before tax−$39.6M · −38%Income tax$28000 · 0%Net income−$39.7M · −38%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$106M100%
Cost of revenue$52.2M49%
$53.5M51%
−$8.3M−8%
Income before tax−$39.6M−38%
Income tax$280000%
−$39.7M−38%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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