Owlet Inc. reported third quarter 2025 revenue of $32.0 million, a 44.6% increase from $22.1 million in the same period of 2024, driven by higher sales of Dream Sock and Dream Duo products. Gross profit reached $16.2 million, with a gross margin of 50.6%, down 1.5 percentage points from the previous year primarily due to tariff impacts. Operating income was $1.2 million, compared to an operating net loss of $4.8 million in Q3 2024. Net income was $4.1 million, improving from a net loss of $5.6 million in the prior year. Adjusted EBITDA was $1.6 million, up $1.0 million year-over-year. The company also completed a warrant exchange and follow-on equity offering in October to strengthen its business and support long-term growth. Operating expenses were $15.0 million, down from $16.4 million in Q3 2024.