Owlet, Inc. (OWLT) intrinsic value & 10-year financials

Owlet, Inc. (OWLT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 7.0% a year to $105.7M, with an average return on invested capital of -402.6%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$4.11
Market cap
$74.4M
Revenue (FY2025)
$105.7M
Revenue growth (7-yr CAGR)
7.0%
ROIC (10-yr avg)
-402.6%
Free cash flow (FY2025)
-$11.1M

OWLT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $105.7M -$39.7M — -$11.1M -7.8% 39.7%
FY2024 $78.1M -$12.5M -$1.57 -$11.2M -25.9% 46.8%
FY2023 $54.0M -$32.9M -$4.53 -$23.5M -53.0% 97.9%
FY2022 $69.2M -$79.3M -$0.71 -$82.0M -122.3% 502.4%
FY2021 $75.8M -$71.7M -$1.13 -$41.5M -73.6% 482.2%
FY2020 $75.4M -$10.5M -$0.16 -$1.1M -9.3% -3585.0%
FY2019 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Owlet, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Owlet, Inc. has earned high returns on invested capital, averaging 26.4% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Owlet, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Owlet, Inc. is modeled at 7.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-42.53 per share.

OWLT stock: frequently asked questions

Does Owlet, Inc. generate free cash flow?

Owlet, Inc. generated -$11.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is OWLT's return on invested capital?

Average ROIC over the last 7 fiscal years was -402.6%, and average return on equity was 59.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this OWLT data come from?

From Owlet, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 11, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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