OUST · Ouster, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.58M | - | $39.52M | $35.05M | $32.63M | - | $28.07M | $26.99M | $25.94M | - |
| Cost of Revenue | $27.74M | - | $22.87M | $19.21M | $19.15M | - | $17.32M | $17.89M | $18.52M | - |
| Gross Profit | $20.84M | - | $16.66M | $15.84M | $13.48M | - | $10.75M | $9.10M | $7.42M | - |
| R&D | $16.08M | - | $17.78M | $17.15M | $14.98M | - | $15.13M | $14.43M | $13.81M | - |
| SG&A | $16.13M | - | $15.69M | $18.54M | $15.90M | - | $15.94M | $13.17M | $12.58M | - |
| Total Operating Expenses | $40.05M | - | $40.91M | $42.66M | $37.31M | - | $38.26M | $34.35M | $33.25M | - |
| D&A | $2.70M | - | - | - | $1.79M | - | - | - | $2.90M | - |
| Operating Income | ($19.21M) | - | ($24.25M) | ($26.82M) | ($23.83M) | - | ($27.51M) | ($25.25M) | ($25.82M) | - |
| Interest Expense | - | - | $0 | $0 | $741.0K | - | $342.0K | $740.0K | $741.0K | - |
| Income Tax | $552.0K | - | $72.0K | ($3.62M) | $195.0K | - | ($37.0K) | $123.0K | $131.0K | - |
| Net Income | ($17.46M) | - | ($21.73M) | ($20.61M) | ($22.02M) | - | ($25.59M) | ($23.87M) | ($23.85M) | - |
| EPS - Basic | ($0.28) | - | ($0.37) | ($0.38) | ($0.42) | - | ($0.54) | ($0.53) | ($0.55) | - |
| EPS - Diluted | ($0.28) | - | ($0.37) | ($0.38) | ($0.42) | - | ($0.54) | ($0.53) | ($0.55) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $78.72M | $67.41M | $87.13M | $76.12M | $53.98M | $45.54M | $44.39M | $52.69M | $48.27M | $50.99M |
| Accounts Receivable | $26.20M | $27.75M | $24.78M | $15.38M | $17.91M | $17.94M | $18.41M | $14.34M | $12.22M | $14.58M |
| Inventory | $29.88M | $23.57M | $16.51M | $13.90M | $15.11M | $16.42M | $18.63M | $19.45M | $21.07M | $23.23M |
| Accounts Payable | $17.40M | $19.98M | $16.37M | $12.84M | $10.33M | $6.29M | $5.86M | $4.49M | $6.12M | $3.54M |
| Current Assets | $251.01M | $278.89M | $305.25M | $273.19M | $218.59M | $219.85M | $200.16M | $252.00M | $256.48M | $263.16M |
| Total Assets | $381.51M | $349.52M | $353.77M | $321.84M | $268.59M | $276.15M | $255.23M | $309.88M | $317.68M | $330.74M |
| Current Liabilities | $84.32M | $71.03M | $93.79M | $86.08M | $84.96M | $78.43M | $64.13M | $74.07M | $83.08M | $81.69M |
| Long-term Debt | - | - | - | - | - | $0 | $0 | $43.97M | $43.97M | $43.98M |
| Total Liabilities | $105.89M | $87.78M | $106.33M | $100.81M | $100.64M | $95.24M | $83.48M | $139.26M | $150.45M | $151.07M |
| Stockholders' Equity | $275.62M | $261.74M | $247.44M | $221.03M | $167.94M | $180.91M | $171.75M | $170.61M | $167.23M | $179.67M |
| Retained Earnings | ($990.91M) | ($973.45M) | ($977.43M) | ($955.70M) | ($935.09M) | ($913.07M) | ($889.33M) | ($863.74M) | ($839.88M) | ($816.03M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($7.28M) | - | - | - | ($4.88M) | - | - | - | ($5.72M) | - |
| Investing Cash Flow | $17.06M | - | - | - | $12.59M | - | - | - | ($469.0K) | - |
| Financing Cash Flow | $705.0K | - | - | - | $660.0K | - | - | - | $3.65M | - |
| CapEx | $2.56M | - | - | - | $552.0K | - | - | - | $1.38M | - |
| Free Cash Flow | ($9.84M) | - | - | - | ($5.43M) | - | - | - | ($7.10M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 42.9% | - | 42.1% | 45.2% | 41.3% | - | 38.3% | 33.7% | 28.6% | - |
| Operating margin | -39.5% | - | -61.4% | -76.5% | -73.0% | - | -98.0% | -93.6% | -99.5% | - |
| EBITDA margin | -34.0% | - | - | - | -67.5% | - | - | - | -88.4% | - |
| Net margin | -36.0% | - | -55.0% | -58.8% | -67.5% | - | -91.1% | -88.4% | -91.9% | - |
| Free cash flow margin | -20.3% | - | - | - | -16.6% | - | - | - | -27.4% | - |
| FCF / Net income | 0.56 | - | - | - | 0.25 | - | - | - | 0.30 | - |
| R&D / Revenue | 33.1% | - | 45.0% | 48.9% | 45.9% | - | 53.9% | 53.5% | 53.2% | - |
| SG&A / Revenue | 33.2% | - | 39.7% | 52.9% | 48.7% | - | 56.8% | 48.8% | 48.5% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -4.6% | - | -6.1% | -6.4% | -8.2% | - | -10.0% | -7.7% | -7.5% | - |
| Return on equity | -6.3% | - | -8.8% | -9.3% | -13.1% | - | -14.9% | -14.0% | -14.3% | - |
| Return on invested capital | - | - | - | - | - | - | -12.7% | -9.3% | -9.7% | - |
| Liquidity | ||||||||||
| Current ratio | 2.98 | 3.93 | 3.25 | 3.17 | 2.57 | 2.80 | 3.12 | 3.40 | 3.09 | 3.22 |
| Quick ratio | 2.62 | 3.59 | 3.08 | 3.01 | 2.40 | 2.59 | 2.83 | 3.14 | 2.83 | 2.94 |
| Cash ratio | 0.93 | 0.95 | 0.93 | 0.88 | 0.64 | 0.58 | 0.69 | 0.71 | 0.58 | 0.62 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | 0.00 | 0.00 | 0.26 | 0.26 | 0.24 |
| Debt / Assets | - | - | - | - | - | 0.00 | 0.00 | 0.14 | 0.14 | 0.13 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | -32.2x | - | -80.4x | -34.1x | -34.8x | - |
| Equity multiplier | 1.38 | 1.34 | 1.43 | 1.46 | 1.60 | 1.53 | 1.49 | 1.82 | 1.90 | 1.84 |
| Liabilities / Assets | 0.28 | 0.25 | 0.30 | 0.31 | 0.37 | 0.34 | 0.33 | 0.45 | 0.47 | 0.46 |
| Efficiency | ||||||||||
| Asset turnover | 0.13 | - | 0.11 | 0.11 | 0.12 | - | 0.11 | 0.09 | 0.08 | - |
| Inventory turnover | 0.93 | - | 1.38 | 1.38 | 1.27 | - | 0.93 | 0.92 | 0.88 | - |
| Days sales outstanding | 197d | - | 229d | 160d | 200d | - | 239d | 194d | 172d | - |
| Days inventory outstanding | 393d | - | 264d | 264d | 288d | - | 392d | 397d | 415d | - |
| Days payable outstanding | 229d | - | 261d | 244d | 197d | - | 124d | 92d | 121d | - |
| Cash conversion cycle | 361d | - | 231d | 180d | 291d | - | 508d | 499d | 467d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 4.1x | - | 6.3x | 6.0x | 2.8x | - | 1.7x | 2.6x | 2.1x | - |
| P / S | 23.4x | - | 39.7x | 37.7x | 14.4x | - | 10.7x | 16.3x | 13.3x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 48.9% | - | 40.8% | 29.9% | 25.8% | - | 26.4% | 39.2% | 50.6% | - |
| Revenue CAGR (3y) | 41.3% | - | - | - | - | - | 53.5% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 54.6% | - | 54.9% | 74.1% | 81.6% | - | 247.7% | 4791.4% | - | - |
| Operating income growth (YoY) | 19.4% | - | 11.8% | -6.2% | 7.7% | - | 23.0% | 79.5% | 85.4% | - |
| Net income growth (YoY) | 20.7% | - | 15.1% | 13.6% | 7.7% | - | 27.1% | 80.6% | 86.5% | - |
| EPS growth (YoY) | 33.3% | - | 31.5% | 28.3% | 23.6% | - | 39.3% | 83.4% | 90.9% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -81.2% | - | - | - | 23.6% | - | - | - | 86.8% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 64.1% | 44.7% | 44.1% | 29.6% | 0.4% | 0.7% | -11.5% | -21.4% | -48.2% | 4.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$169.38M totalReportable Segment$169.38M · 100.0%
Product / service
$169.38M totalProduct$146.58M · 86.5%
Royalty$22.81M · 13.5%
Geographic
$169.38M totalAmericas$92.10M · 54.4%
Asia Pacific$54.19M · 32.0%
EMEA$23.09M · 13.6%
Peer comparison
Same SIC group: General Industrial Machinery & Equipment, NEC
Comparing Ouster against the 5 most active filers in the same SIC group.