OWLT (OWLT) financial statements
OWLT reported revenue of $106M in fiscal 2025, up 7.1% a year over 5 years.
Net income was -$39M and the operating margin -7.0%, against -9.3% in 2020.
Free cash flow was -$12M.
The diluted share count fell 18% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from OWLT's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $75M | $76M | $69M | $54M | $77M | $106M |
| Cost of revenue | $40M | $41M | $46M | $31M | $39M | $52M |
| Gross profit | $36M | $35M | $23M | $23M | $39M | $54M |
| Research and development | $10M | $21M | $28M | $10M | $10M | $14M |
| Selling, general and admin | $32M | $69M | $80M | $41M | $50M | $47M |
| Operating income | -$7M | -$56M | -$85M | -$29M | -$21M | -$7M |
| Interest expense | $1M | $2M | $1M | $3M | $2M | $809,000 |
| Pre-tax income | -$11M | -$72M | -$79M | -$33M | -$13M | -$39M |
| Income tax | $20,000 | $31,000 | $29,000 | $10,000 | $54,000 | $28,000 |
| Net income | -$11M | -$72M | -$79M | -$33M | -$13M | -$39M |
| EPS (diluted) | -$0.48 | -$1.13 | -$9.98 | -$4.53 | -$1.59 | -$2.27 |
| Diluted shares | 22M | 63M | 8M | 8M | 11M | 18M |
| Gross margin | 47.6% | 46.2% | 33.7% | 41.8% | 49.9% | 50.9% |
| Operating margin | -9.3% | -73.6% | -122.3% | -53.0% | -26.8% | -7.0% |
| Net margin | -14.0% | -94.5% | -114.6% | -60.9% | -16.4% | -36.6% |
Balance sheet
Fiscal years, from OWLT's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $17M | $95M | $11M | $17M | $20M | $35M |
| Receivables | $11M | $10M | $16M | $14M | $12M | $23M |
| Inventory | $8M | $18M | $19M | $6M | $11M | $15M |
| Total current assets | $38M | $136M | $51M | $40M | $46M | $82M |
| Property, plant and equipment | $2M | $2M | $1M | $377,000 | $102,000 | $295,000 |
| Total assets | $40M | $140M | $58M | $44M | $49M | $86M |
| Total current liabilities | $47M | $69M | $67M | $45M | $37M | $44M |
| Long-term debt | $10M | $8M | $0 | $0 | $4M | $2M |
| Total liabilities | $61M | $85M | $69M | $74M | $67M | $50M |
| Shareholders' equity | -$68M | $55M | -$11M | -$38M | -$30M | $19M |
| Net debt | -$5M | -$79M | -$878,000 | -$11M | -$9M | -$22M |
Cash flow
Fiscal years, from OWLT's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$129,000 | -$41M | -$81M | -$24M | -$11M | -$11M |
| Capital spending | $967,000 | $969,000 | $636,000 | $16,000 | $674,000 | $829,000 |
| Free cash flow | -$1M | -$42M | -$82M | -$24M | -$12M | -$12M |
| Stock-based compensation | $1M | $4M | $13M | $10M | $9M | $9M |
| Net borrowing | $3M | $4M | -$6M | -$3M | -$5M | -$488,000 |
| Free cash flow margin | -1.5% | -54.8% | -118.5% | -43.6% | -15.4% | -10.9% |
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Open OWLT in InvestinglyQuestions
What was OWLT's revenue in 2025?
$106M in fiscal 2025, from its 10-K filing.
How much free cash flow does OWLT generate?
-$12M in fiscal 2025 (operating cash flow minus capital spending).
From OWLT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.