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Financials · OUST

Ouster Inc. (OUST) financials

For the twelve months ended Sep 30, 2026, Ouster Inc. reported $224.71M of revenue and -$45.75M of net income.

Revenue, TTM
$224.71M
Revenue growth, YoY
+63.7%
Net income, TTM
-$45.75M
Net margin
-20.4%
Free cash flow, TTM
-$97.45M
EPS, diluted, TTM
-$0.65
Cash
$88.90M
P/S
9.91
Market cap
$2.23B
Annual revenue$169.38M
FY2019FY2025
Annual net income-$60.38M
FY2019FY2025
Annual free cash flow-$64.85M
FY2019FY2025

OUST revenue and earnings growth

OUST revenueQ3 2026$59.33M

Quarter YoY
+50.1%
QoQ
+8.6%
FY YoY
+52.5%
5Y CAGR
+55.0%

OUST revenue was $59.33M in fiscal Q3 2026 (ended Sep 30, 2026), up 50.1% from a year earlier and up 8.6% from the prior quarter. For the full fiscal 2025 it was $169.38M, up 52.5% from fiscal 2024. Compound annual growth was +55.0% over 5 years. It rose in each of the last 6 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

OUST net incomeQ3 2026-$14.16M

OUST net income was -$14.16M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$21.73M a year earlier. For the full fiscal 2025 it was -$60.38M, compared with -$97.05M in fiscal 2024.

OUST EPSQ3 2026-$0.20

OUST diluted EPS was -$0.20 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.37 a year earlier. For the full fiscal 2025 it was -$1.07, compared with -$2.08 in fiscal 2024.

OUST free cash flowQ3 2026-$35.02M

OUST free cash flow was -$35.02M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$20.04M a year earlier. For the full fiscal 2025 it was -$64.85M, compared with -$37.45M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$169.38M$111.10M$83.28M$41.03M$33.58M$18.90M$11.41M
Cost of revenue$85.95M$70.64M$74.97M$30.10M$24.49M$17.39M$17.43M
Gross profit$83.44M$40.46M$8.31M$10.93M$9.09M$1.51M-$6.01M
Research and development$65.17M$58.08M$91.21M$64.32M$34.58M$23.32M$23.30M
Selling, general and admin$64.64M$58.70M$81.98M$61.20M$51.96M$20.96M$14.55M
Operating income-$74.00M-$104.18M-$373.19M-$145.42M-$99.71M-$51.76M-$48.36M
Interest expense$0$1.82M$9.30M$2.69M$504.0K$2.52M$3.58M
Pre-tax income-$63.31M-$96.51M-$373.59M-$138.25M-$96.78M-$106.41M-$51.66M
Income tax-$2.94M$537.0K$523.0K$305.0K-$2.79M$375.0K$1.0K
Net income-$60.38M-$97.05M-$374.11M-$138.56M-$93.98M-$106.78M-$51.66M
EPS, basic-$1.07-$2.08-$10.10-$7.79-$7.00-$59.80-$69.90
EPS, diluted-$1.07-$2.08-$10.10-$7.79-$7.00-$59.80-$69.90
Diluted shares56.3M46.6M37.0M17.8M13.4M1.8M739,045.6

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$67.41M$48.10M$52.63M$124.28M$182.64M$11.36M$18.41M
Short-term investments$141.17M$126.48M$139.16M$0---
Receivables$27.75M$17.94M$14.58M$11.23M$10.72M$2.33M-
Inventory$23.57M$16.42M$23.23M$19.53M$7.45M$4.82M-
Current assets$278.89M$219.85M$263.16M$162.50M$207.36M$21.22M-
Goodwill$0-$0$51.15M$51.08M$0-
Total assets$349.52M$276.15M$330.74M$256.14M$307.70M$46.41M-
Current liabilities$71.03M$78.43M$81.69M$29.49M$22.10M$20.92M-
Long-term debt-$0$43.98M$39.57M$0--
Total debt-$0$43.98M$39.57M$0--
Total liabilities$87.78M$95.24M$151.07M$84.52M$47.00M$83.10M-
Shareholders' equity$261.74M$180.91M$179.67M$171.62M$260.70M-$75.91M-$100.32M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow-$39.96M-$33.69M-$137.89M-$110.69M-$71.06M-$42.12M-$40.19M
Capital expenditures$24.89M$3.76M$3.01M$5.42M$4.28M$3.51M$7.49M
Free cash flow-$64.85M-$37.45M-$140.90M-$116.11M-$75.34M-$45.63M-$47.68M
Investing cash flow-$36.25M$14.65M$50.60M-$5.15M-$15.23M-$3.51M-$7.49M
Financing cash flow$97.61M$15.39M$15.66M$55.60M$258.30M$39.86M$50.51M
Share repurchases--$0$45.0K$45.0K$0$0
Stock-based compensation$40.82M$40.46M$57.73M$33.32M$25.36M$12.06M$1.24M
Depreciation and amortization$7.78M$9.84M$17.15M$9.46M$5.48M$3.72M$2.03M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY52.5%33.4%103.0%22.2%77.6%65.6%-
Gross margin49.3%36.4%10.0%26.6%27.1%8.0%-52.7%
Operating margin-43.7%-93.8%-448.1%-354.4%-297.0%-273.8%-423.8%
Net margin-35.6%-87.3%-449.2%-337.7%-279.9%-564.9%-452.7%
Free cash flow margin-38.3%-33.7%-169.2%-283.0%-224.4%-241.4%-417.8%
Return on equity-23.1%-53.6%-208.2%-80.7%-36.0%--
Return on assets-17.3%-35.1%-113.1%-54.1%-30.5%-230.1%-
Current ratio3.932.803.225.519.381.01-
Debt to equity-0.000.240.230.00--

Source: XBRL data Ouster Inc. files with the SEC, latest filing dated Nov 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-10, first reported May 12, 2023.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

OUST peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
OUST$224.71M+63.7%-$45.75M-20.4%$2.23B
ASML€32.67B+15.6%€9.61B29.4%$522.88B
TMO$47.35B+8.3%$7.07B14.9%$250.82B
LRCX$26.13B+33.4%$8.45B32.3%$231.35B
DE$47.98B+8.0%$4.87B10.2%$178.85B
DHR$25.61B+5.5%$4.33B16.9%$159.24B
ETN$31.98B+20.1%$3.90B12.2%$127.05B
ITW$16.65B+4.8%$3.23B19.4%$81.11B
JCI$24.43B+5.1%$3.53B14.5%$79.63B

OUST FAQ

9 questions
  • What is OUST revenue?
    Ouster Inc. (OUST) reported $224.71M of revenue for the twelve months ended Sep 30, 2026. That is up 63.7% from the year before. Revenue for fiscal 2025 was $169.38M.
  • Is OUST profitable?
    No. Ouster Inc. reported a net loss of $45.75M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does OUST have?
    Ouster Inc. reported $88.90M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is OUST revenue growing?
    Ouster Inc.'s revenue changed +52.5% in fiscal 2025, to $169.38M. Its compound annual growth rate was +55.0% over 5 years.
  • What is OUST gross margin?
    Ouster Inc.'s gross profit was $110.23M on $224.71M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 49.1%.
  • What is OUST free cash flow?
    Ouster Inc. generated -$97.45M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$64.81M less capital expenditures.
  • What is OUST earnings per share?
    Diluted earnings per share were -$0.65 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did OUST last report financial results?
    The latest statements here come from Ouster Inc.'s 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.
  • Where does this OUST financial data come from?
    Quantisnow builds these statements from the structured XBRL data Ouster Inc. files with the SEC. It is provided for information only and is not investment advice.