Revenue: As of FY2025 Q2, the actual value is USD 26.1 M.

EPS: As of FY2025 Q2, the actual value is USD -2.37.

EBIT: As of FY2025 Q2, the actual value is USD -36.5 M.

Segment Revenue

• Q2 2025 Revenue: $26.1 million, an increase of 25.9% from Q2 2024, primarily due to higher sales of Dream Sock and Dream Duo products.

Operational Metrics

• Q2 2025 Gross Margin: 51.3%, up 180 basis points from Q2 2024.
• Q2 2025 Net Loss: $37.6 million, including a $34.8 million non-cash, mark-to-market common stock warrant liability adjustment, compared to a net loss of $1.1 million in Q2 2024.
• Q2 2025 Adjusted EBITDA: $0.3 million, an improvement of $0.2 million compared to Q2 2024.
• Operating Loss: $1.9 million for Q2 2025, compared to $2.2 million for Q2 2024.

Cash Flow

• Net cash used in operating activities for the six months ended June 30, 2025: - $8.2 million, compared to - $6.7 million for the same period in 2024.

Unique Metrics

• Owlet360 subscription surpassed 66,000 paying subscribers, with growth in monthly recurring revenue, attach rate, retention rate, and consumer satisfaction.

Outlook / Guidance

• For the full year 2025, Owlet expects revenue in the range of $97 million to $100 million, representing 24% to 28% growth year-over-year. Gross margins are anticipated to be between 46% and 50%, including the impact of new expected tariff costs. The company fully expects to be adjusted EBITDA profitable for the full year 2025.