Owlet (OWLT) Operating Income: $-7.4 Mil (TTM As of Jun. 2026)

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OWLT Owlet Inc OWLT
59 GF Score
Price $5.08
GF Value $3.60
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Owlet Operating Income?

Owlet OWLT -2.31% 59 Operating Income is $-7.4 Mil as of Jun. 2026. GuruFocus rates OWLT with a GF Score™ of 59/100 and a GF Value™ of $3.60 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Owlet's Operating Income for the three months ended in Jun. 2026 was $1.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was $-7.4 Mil.

Warning Sign:

Owlet Inc had lost money in 83% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Owlet's Operating Income for the three months ended in Jun. 2026 was $1.7 Mil. Owlet's Revenue for the three months ended in Jun. 2026 was $33.9 Mil. Therefore, Owlet's Operating Margin % for the quarter that ended in Jun. 2026 was 5.14%.

Good Sign:

Owlet Inc operating margin is expanding. Margin expansion is usually a good sign.

Owlet's 5-Year average Growth Rate for Operating Margin % was 12.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Owlet's annualized ROC % for the quarter that ended in Jun. 2026 was 26.68%. Owlet's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 2.05%.


Owlet  (NYSE:OWLT) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Owlet's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=6.96 * ( 1 - 0% )/( (23.532 + 28.646)/ 2 )
=6.96/26.089
=26.68 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Owlet's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.388/( ( (0.72 + max(15.668, 0)) + (0.826 + max(20.598, 0)) )/ 2 )
=0.388/( ( 16.388 + 21.424 )/ 2 )
=0.388/18.906
=2.05 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.857 + 18.194 + 8.942) - (28.916 + 2.409 + 0)
=15.668

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(33.126 + 15.655 + 8.593) - (33.978 + 2.798 + 0)
=20.598

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Owlet's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=1.74/33.865
=5.14 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Owlet Operating Income Related Terms


Owlet Operating Income Historical Data

* Premium members only.

The historical data trend for Owlet's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Owlet Operating Income Chart

Owlet Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial -55.79 -84.62 -28.63 -20.22 -8.26

Owlet Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.68 1.22 -4.89 -5.49 1.74
OWLT
59GF Score
Owlet Inc OWLT
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Owlet Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $-7.4 Mil mean?
Owlet (OWLT) has a Operating Income of $-7.4 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Owlet and its competitors.
Is Owlet's Operating Income too high?
Owlet's current Operating Income is $-7.4 Mil. Overall, Owlet has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Owlet's Operating Income compare to RCEL and APYX?
Owlet's Operating Income of $-7.4 Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Medical Devices & Instruments company?
A good Operating Income depends on the Medical Devices & Instruments industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Owlet and its competitors. Owlet's current Operating Income is $-7.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Owlet stock overvalued right now?
Based on GuruFocus' analysis, Owlet (OWLT) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.60, compared to a current price of $5.08 — trading 41.1% above its estimated fair value. The current Operating Income is $-7.4 Mil. Owlet's overall GF Score™ is 59/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Owlet (OWLT), the current Operating Income is $-7.4 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Owlet (OWLT) Overvalued in 2026?

Based on GuruFocus' analysis, Owlet stock appears to be overvalued. The current stock price of $5.08 is trading 41.1% above its estimated GF Value™ of $3.60. GuruFocus considers Owlet to be Significantly Overvalued.

Key valuation signals for OWLT:

  • Operating Income: $-7.4 Mil
  • GF Value™: $3.60 vs. price of $5.08 (41.1% above fair value)
  • GF Score™: 59/100 with 5 warning signs

No single metric tells the full story. See the OWLT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Owlet Business Description

Address 2940 West Maple Loop Drive, Suite 203, Lehi, UT, USA, 84048
Owlet Inc is engaged in providing a digital parenting platform that aims to give parents real-time data and insights to help parents feel more calm and confident. Its diversified portfolio of products includes Owlet Smart Sock, the first baby monitor to track an infant's oxygen levels, heart rate, and sleep trends; the Owlet Cam, which turns any smartphone into a baby monitor with high-definition clarity; the Owlet Monitor Duo, which offers the intelligence of the Owlet Smart Sock paired with the Owlet Cam; and Owlet Dream Lab, an interactive online program designed to be a parent's guide to building healthy sleep habits for their infants.
59GF Score

Get the complete analysis for OWLT

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.08
Price
$3.60
GF Value