I'm LongbridgeAI, I can summarize articles.Owlet, Inc. reported Q2 2026 revenue of $33.9M, a 29.9% YoY increase driven by hardware growth and a 273% surge in subscriptions. Net loss narrowed significantly to $(1.5) M from $(37.0) M the prior year, with diluted EPS improving to $(0.05). Key operational milestones included receiving IEEPA tariff refunds and completing refinancing with Wells Fargo.
Owlet, Inc. reported second-quarter 2026 results with revenue up sharply year over year and a markedly smaller loss compared with the prior-year quarter. Total revenue rose to $33.9M in Q2 2026 from $26.1M a year earlier, while net loss attributable to common stockholders narrowed to $(1.5) M and diluted EPS improved to $(0.05).
Financial Highlights
- Revenue: $33.9M for Q2 2026, compared with $26.1M in Q2 2025; YoY change 29.9%.
- Net income: Net loss attributable to common stockholders of $(1.5) M in Q2 2026 vs. loss of $(37.0) M in Q2 2025 (improved YoY).
- Diluted EPS: $(0.05) for Q2 2026 vs. $(2.35) in Q2 2025 (improved YoY).
Business Highlights
- Revenue growth was broad-based: hardware revenue rose 21.6% year over year while subscriptions (Owlet360) surged 273%, driving total revenue growth of 29.9%.
- Channel and promotional timing shifts, along with expanded retail marketing, supported higher hardware sales but also increased marketing spend.
- Higher consumer demand and a favorable product mix improved hardware gross margin and unit sales.
- Subscription momentum from rapid Owlet360 subscriber growth and higher ARPU materially increased recurring revenue contribution.
- Operational milestones included receipt of IEEPA tariff refunds that boosted cost of goods sold and completion of refinancing, including transition to a new Wells Fargo revolving facility.
Original SEC Filing: Owlet, Inc. [ OWLT ] - 10-Q - Aug. 14, 2026