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Ouster (OUST) Financials

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$33.54 +4.56 (+15.73%)
Closing price 04:00 PM Eastern
Extended Trading
$32.92 -0.62 (-1.86%)
As of 07:59 PM Eastern
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Annual Income Statements for Ouster

Annual Income Statements for Ouster

This table shows Ouster's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -52 -107 -94 -139 -374 -97 -60
Consolidated Net Income / (Loss)		 -52 -107 -94 -139 -374 -97 -60
Net Income / (Loss) Continuing Operations		 -52 -107 -94 -139 -374 -97 -60
Total Pre-Tax Income 		-52 -106 -97 -138 -374 -97 -63
Total Operating Income		 -48 -52 -100 -145 -373 -104 -74
Total Gross Profit		 -6.02 1.51 9.09 11 8.31 40 83
Total Revenue		 11 38 34 41 83 111 169
Operating Revenue		 11 38 34 41 83 111 169
Total Cost of Revenue		 17 35 24 30 75 71 86
Operating Cost of Revenue		 17 35 24 30 75 71 86
Total Operating Expenses		 42 53 109 156 382 145 157
Selling, General & Admin Expense		 15 21 52 61 82 59 65
Marketing Expense		 4.51 9.00 22 31 42 28 28
Research & Development Expense		 23 23 35 64 91 58 65
Total Other Income / (Expense), net		 -3.30 -57 2.94 7.17 -0.40 7.67 11
Interest Expense		 3.58 2.52 0.50 2.69 9.30 1.82 0.00
Interest & Investment Income		 0.28 0.02 0.47 2.21 9.04 8.85 9.49
Other Income / (Expense), net		 0.01 -55 2.97 7.65 -0.13 0.65 1.20
Income Tax Expense		 0.00 0.38 -2.79 0.31 0.52 0.54 -2.94
Basic Earnings per Share		 ($6.99) ($5.98) ($0.70) ($7.79) ($10.10) ($2.08) ($1.07)
Weighted Average Basic Shares Outstanding		 7.39M 17.86M 133.92M 17.79M 37.04M 46.58M 56.33M
Diluted Earnings per Share		 ($6.99) ($5.98) ($0.70) ($7.79) ($10.10) ($2.08) ($1.07)
Weighted Average Diluted Shares Outstanding		 7.39M 17.86M 133.92M 17.79M 37.04M 46.58M 56.33M
Weighted Average Basic & Diluted Shares Outstanding		 - - 172.80M 386.27M 40.67M 53.77M 62.80M

Quarterly Income Statements for Ouster

This table shows Ouster's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -24 -24 -26 -24 -22 -21 -22 3.99 -17 -18 -14
Consolidated Net Income / (Loss)		 -24 -24 -26 -24 -22 -21 -22 3.99 -17 -18 -14
Net Income / (Loss) Continuing Operations		 -24 -24 -26 -24 -22 -21 -22 3.99 -17 -18 -14
Total Pre-Tax Income 		-24 -24 -26 -23 -22 -24 -22 4.40 -17 -18 -15
Total Operating Income		 -26 -25 -28 -26 -24 -27 -24 0.90 -19 -20 -19
Total Gross Profit		 7.43 9.10 11 13 13 16 17 37 21 27 25
Total Revenue		 26 27 28 30 33 35 40 62 49 55 59
Operating Revenue		 26 27 28 30 33 35 40 62 49 55 59
Total Cost of Revenue		 19 18 17 17 19 19 23 25 28 28 34
Operating Cost of Revenue		 19 18 17 17 19 19 23 25 28 28 34
Total Operating Expenses		 33 34 38 39 37 43 41 37 40 47 45
Selling, General & Admin Expense		 13 13 16 17 16 19 16 15 16 18 16
Marketing Expense		 6.86 6.75 7.20 7.05 6.42 6.98 7.44 6.78 7.84 9.19 9.64
Research & Development Expense		 14 14 15 15 15 17 18 15 16 19 19
Total Other Income / (Expense), net		 2.10 1.50 1.88 2.18 2.01 2.59 2.59 3.50 2.30 2.06 4.39
Interest & Investment Income		 2.65 2.25 2.15 1.80 1.71 2.62 2.41 2.75 2.47 2.12 4.16
Other Income / (Expense), net		 0.19 -0.01 0.07 0.39 0.30 -0.03 0.18 0.75 -0.18 -0.06 0.23
Income Tax Expense		 0.13 0.12 -0.04 0.32 0.20 -3.62 0.07 0.41 0.55 0.13 -0.72
Basic Earnings per Share		 ($0.55) ($0.53) ($0.54) ($0.51) ($0.42) ($0.38) ($0.37) $0.10 ($0.28) ($0.27) ($0.20)
Weighted Average Basic Shares Outstanding		 43.45M 44.74M 47.68M 46.58M 52.49M 54.47M 57.98M 56.33M 61.82M 65.99M 71.47M
Diluted Earnings per Share		 ($0.55) ($0.53) ($0.54) ($0.51) ($0.42) ($0.38) ($0.37) $0.10 ($0.28) ($0.27) ($0.20)
Weighted Average Diluted Shares Outstanding		 43.45M 44.74M 47.68M 46.58M 52.49M 54.47M 57.98M 56.33M 61.82M 65.99M 71.47M
Weighted Average Basic & Diluted Shares Outstanding		 45.23M 48.33M 49.77M 53.77M 53.79M 57.82M 60.01M 62.80M 63.67M 72.11M 73.00M

Annual Cash Flow Statements for Ouster

This table details how cash moves in and out of Ouster's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 2.82 -5.76 172 -60 -72 -4.54 22
Net Cash From Operating Activities		 -40 -42 -71 -111 -138 -34 -40
Net Cash From Continuing Operating Activities		 -40 -42 -71 -111 -138 -34 -40
Net Income / (Loss) Continuing Operations		 -52 -107 -94 -139 -374 -97 -60
Consolidated Net Income / (Loss)		 -52 -107 -94 -139 -374 -97 -60
Depreciation Expense		 2.03 3.72 5.48 9.46 17 9.84 7.78
Amortization Expense		 0.34 0.26 0.25 2.89 0.02 -0.19 1.87
Non-Cash Adjustments To Reconcile Net Income		 10 63 26 29 241 42 43
Changes in Operating Assets and Liabilities, net		 -1.40 -1.98 -8.63 -14 -21 11 -32
Net Cash From Investing Activities		 -7.49 -3.51 -15 -5.15 51 15 -36
Net Cash From Continuing Investing Activities		 -7.49 -3.51 -15 -5.15 51 15 -36
Purchase of Property, Plant & Equipment		 -7.49 -3.51 -4.28 -5.42 -3.01 -3.76 -25
Purchase of Investments		 - - - 0.00 -137 -145 -150
Sale of Property, Plant & Equipment		 - 0.00 0.00 0.28 0.56 0.67 0.00
Sale and/or Maturity of Investments		 - - - 0.00 158 162 138
Net Cash From Financing Activities		 51 40 258 56 16 15 98
Net Cash From Continuing Financing Activities		 51 40 258 56 16 15 98
Repayment of Debt		 0.00 -3.00 -12 0.00 -44 -44 0.00
Issuance of Common Equity		 - 0.00 0.00 16 15 59 97
Other Financing Activities, net		 0.01 1.34 265 0.41 0.27 0.21 0.49
Effect of Exchange Rate Changes		 - 0.00 0.00 -0.14 -0.01 -0.89 0.48
Cash Interest Paid		 0.79 1.23 0.64 1.74 5.12 2.07 0.00

Quarterly Cash Flow Statements for Ouster

This table details how cash moves in and out of Ouster's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
Net Change in Cash & Equivalents		 -2.71 4.28 -7.49 1.38 8.45 22 11 -20 10 13 -2.86
Net Cash From Operating Activities		 -5.72 -22 -3.77 -2.56 -4.88 -1.31 -18 -15 -7.28 -13 -29
Net Cash From Continuing Operating Activities		 -5.72 -22 -3.77 -2.69 -4.88 -1.31 -18 -15 -7.28 -13 -29
Net Income / (Loss) Continuing Operations		 -24 -24 -26 -24 -22 -21 -22 3.99 -17 -18 -14
Consolidated Net Income / (Loss)		 -24 -24 -26 -24 -22 -21 -22 3.99 -17 -18 -14
Depreciation Expense		 2.90 2.50 2.45 1.99 1.80 1.86 2.05 2.07 2.70 3.23 3.76
Amortization Expense		 -0.34 -0.21 -0.09 -4.46 0.42 0.60 -3.42 4.27 0.37 0.18 -0.76
Non-Cash Adjustments To Reconcile Net Income		 9.87 11 11 15 8.98 15 15 3.75 8.10 13 12
Changes in Operating Assets and Liabilities, net		 5.69 -11 8.07 8.84 5.94 2.23 -11 -30 -0.98 -11 -30
Net Cash From Investing Activities		 -0.47 9.54 26 -20 13 -36 -7.69 -4.68 17 -77 -166
Net Cash From Continuing Investing Activities		 -0.47 9.54 26 -20 13 -36 -7.69 -4.68 17 -77 -166
Purchase of Property, Plant & Equipment		 -1.38 -0.36 -0.57 -1.45 -0.55 -0.89 -1.70 -22 -2.56 -2.65 -5.67
Purchase of Investments		 -24 -25 -36 -59 -14 -66 -39 -31 -11 -112 -193
Sale and/or Maturity of Investments		 25 35 62 40 27 30 33 48 58 37 33
Net Cash From Financing Activities		 3.65 17 -30 25 0.66 60 37 0.28 0.71 103 193
Net Cash From Continuing Financing Activities		 3.65 17 -30 25 0.66 60 37 0.28 0.71 103 193
Issuance of Common Equity		 3.54 17 14 25 - 60 35 2.31 - - 191
Other Financing Activities, net		 0.11 0.04 0.02 0.04 0.66 -0.26 2.12 -2.03 0.71 3.27 1.16
Cash Income Taxes Paid		 - - - - 0.06 - - - -2.12 0.48 -0.38

Annual Balance Sheets for Ouster

This table presents Ouster's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 46 308 256 331 276 350
Total Current Assets		 21 207 162 263 220 279
Cash & Equivalents		 11 183 123 51 46 67
Restricted Cash		 0.28 0.98 0.26 0.55 0.72 1.47
Short-Term Investments		 - - 0.00 139 126 141
Accounts Receivable		 2.33 11 11 15 18 28
Inventories, net		 4.82 7.45 20 23 16 24
Prepaid Expenses		 2.44 5.57 8.54 35 13 18
Plant, Property, & Equipment, net		 9.73 10 9.70 10 10 32
Total Noncurrent Assets		 15 90 84 57 46 39
Goodwill		 - 51 51 - - 0.00
Intangible Assets		 - 23 18 24 18 13
Other Noncurrent Operating Assets		 15 17 15 33 28 25
Total Liabilities & Shareholders' Equity		 46 308 256 331 276 350
Total Liabilities		 83 47 85 151 95 88
Total Current Liabilities		 21 22 29 82 78 71
Accounts Payable		 6.89 4.86 8.80 3.55 6.29 20
Accrued Expenses		 4.12 14 17 58 31 26
Current Deferred Revenue		 - - 0.40 13 34 21
Other Current Liabilities		 2.77 3.07 3.22 7.10 7.20 4.14
Total Noncurrent Liabilities		 62 25 55 69 17 17
Noncurrent Deferred Revenue		 - - 0.34 4.97 2.54 3.11
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - 0.00
Other Noncurrent Operating Liabilities		 62 25 15 20 14 14
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -76 261 172 180 181 262
Total Preferred & Common Equity		 -76 261 172 180 181 262
Total Common Equity		 -76 261 172 180 181 262
Common Stock		 133 564 614 996 1,095 1,236
Retained Earnings		 -209 -303 -442 -816 -913 -973
Accumulated Other Comprehensive Income / (Loss)		 - -0.01 -0.15 0.19 -1.00 -0.44

Quarterly Balance Sheets for Ouster

This table presents Ouster's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026 9/30/2026
Total Assets		 354 322 318 310 255 269 322 354 382 475 654
Total Current Assets		 280 253 256 252 200 219 273 305 251 346 524
Cash & Equivalents		 91 76 48 53 44 54 76 87 79 92 89
Restricted Cash		 0.53 0.54 0.56 0.43 0.44 0.73 0.73 0.81 0.65 0.34 0.34
Short-Term Investments		 133 125 140 132 107 114 150 157 94 169 331
Accounts Receivable		 15 13 12 14 18 18 15 25 26 22 39
Inventories, net		 28 26 21 19 19 15 14 17 30 31 37
Prepaid Expenses		 13 12 35 34 11 17 17 19 21 31 28
Plant, Property, & Equipment, net		 13 12 11 9.45 8.84 9.90 11 13 34 35 40
Total Noncurrent Assets		 61 57 51 48 46 40 38 36 97 94 91
Goodwill		 0.00 0.00 - - - - - - 39 39 39
Intangible Assets		 28 26 23 21 19 17 16 14 35 33 31
Other Noncurrent Operating Assets		 33 31 28 28 27 23 22 21 23 22 21
Total Liabilities & Shareholders' Equity		 354 322 318 310 255 269 322 354 382 475 654
Total Liabilities		 137 128 150 139 83 101 101 106 106 104 92
Total Current Liabilities		 67 62 83 74 64 85 86 94 84 83 73
Accounts Payable		 10 7.93 6.12 4.49 5.86 10 13 16 17 22 23
Accrued Expenses		 40 36 56 49 29 40 36 41 38 39 35
Current Deferred Revenue		 9.78 11 13 14 22 27 29 29 24 17 10
Other Current Liabilities		 7.32 7.08 7.15 7.26 7.24 7.27 7.44 7.49 4.56 4.78 4.94
Total Noncurrent Liabilities		 70 66 67 65 19 16 15 13 22 20 19
Noncurrent Deferred Revenue		 5.26 3.91 4.48 3.49 3.36 3.00 3.59 3.33 2.95 3.32 3.84
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - - - 5.15 4.94 4.11
Other Noncurrent Operating Liabilities		 24 22 19 18 16 13 11 9.22 13 12 11
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 217 194 167 171 172 168 221 247 276 371 561
Total Preferred & Common Equity		 217 194 167 171 172 168 221 247 276 371 561
Total Common Equity		 217 194 167 171 172 168 221 247 276 371 561
Common Stock		 959 971 1,008 1,035 1,061 1,104 1,177 1,225 1,267 1,381 1,586
Retained Earnings		 -742 -777 -840 -864 -889 -935 -956 -977 -991 -1,009 -1,023
Accumulated Other Comprehensive Income / (Loss)		 -0.23 -0.38 -0.44 -0.78 -0.14 -0.88 -0.55 -0.48 -0.56 -0.73 -1.32

Annual Metrics And Ratios for Ouster

This table displays calculated financial ratios and metrics derived from Ouster's official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - 60,005,219.00
DEI Adjusted Shares Outstanding		 - - - - - - 60,005,219.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - -1.01
Growth Metrics		 - - - - - - -
Profitability Metrics		 - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -34 -36 -70 -102 -261 -73 -52
Return On Investment Capital (ROIC_SIMPLE)		 - - - - -116.81% -40.31% -19.79%
Earnings before Interest and Taxes (EBIT)		 -48 -106 -97 -138 -373 -104 -73
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -46 -102 -91 -125 -356 -99 -63
Valuation Ratios		 - - - - - - -
Leverage & Solvency		 - - - - - - -
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 4.96 -188 -113 -206 -48 -95
Efficiency Ratios		 - - - - - - -
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 -41 77 88 33 8.17 52
Increase / (Decrease) in Invested Capital		 0.00 -41 118 11 -55 -25 44
Book Value per Share		 $0.00 ($3.04) $1.52 $0.93 $4.42 $3.63 $4.65
Tangible Book Value per Share		 $0.00 ($3.04) $1.09 $0.55 $3.81 $3.28 $4.41
Total Capital		 0.00 -30 261 211 224 181 262
Total Debt		 0.00 7.13 0.00 40 44 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 40 44 0.00 0.00
Net Debt		 0.00 -4.51 -184 -84 -147 -173 -210
Capital Expenditures (CapEx)		 7.49 3.51 4.28 5.15 2.45 3.09 25
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -4.20 1.63 9.82 -9.24 -31 -2.20
Debt-free Net Working Capital (DFNWC)		 0.00 7.44 185 133 181 141 208
Net Working Capital (NWC)		 0.00 0.31 185 133 181 141 208
Net Nonoperating Expense (NNE)		 18 71 24 37 113 24 8.58
Net Nonoperating Obligations (NNO)		 0.00 -4.51 -184 -84 -147 -173 -210
Total Depreciation and Amortization (D&A)		 2.38 3.98 5.73 12 17 4.74 9.65
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($7.00) ($7.80) ($10.10) ($2.08) ($1.07)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 13.39M 17.79M 37.04M 46.58M 56.33M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($7.00) ($7.80) ($10.10) ($2.08) ($1.07)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 13.39M 17.79M 37.04M 46.58M 56.33M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 17.28M 38.63M 40.67M 53.77M 62.80M
Normalized Net Operating Profit after Tax (NOPAT)		 -34 -36 -70 -102 -145 -73 -52
Debt Service Ratios		 - - - - - - -
Payout Ratios		 - - - - - - -

Quarterly Metrics And Ratios for Ouster

This table displays calculated financial ratios and metrics derived from Ouster's official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
DEI Shares Outstanding		 - - - - - - - 60,005,219.00 62,803,991.00 63,672,949.00 72,112,333.00
DEI Adjusted Shares Outstanding		 - - - - - - - 60,005,219.00 62,803,991.00 63,672,949.00 72,112,333.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - 0.07 -0.28 -0.28 -0.20
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 50.57% 39.15% 26.41% 23.11% 25.78% 29.86% 40.78% - 48.87% 55.86% 50.09%
EBITDA Growth		 86.56% 80.86% 24.49% 11.63% 7.62% -6.22% -1.45% - 23.42% 31.57% 25.67%
EBIT Growth		 85.52% 79.50% 23.27% 32.44% 8.20% -6.30% 12.24% - 17.60% 25.12% 20.94%
NOPAT Growth		 85.42% 79.48% 23.04% 31.40% 7.71% -6.23% 11.84% - 19.38% 25.27% 20.58%
Net Income Growth		 86.55% 80.55% 27.10% 39.13% 7.68% 13.65% 15.07% - 20.67% 12.12% 34.86%
EPS Growth		 90.88% 83.39% 39.33% 51.43% 23.64% 28.30% 31.48% - 33.33% 28.95% 45.95%
Operating Cash Flow Growth		 89.21% 35.33% 86.16% 89.41% 14.73% 93.95% -386.91% - -49.23% -874.64% -60.01%
Free Cash Flow Firm Growth		 141.85% 46.71% -117.50% -76.29% -88.94% 212.59% 113.72% - -1,732.72% -850.37% -19,597.00%
Invested Capital Growth		 -78.32% -7.06% -40.54% -75.21% -104.28% -120.74% -89.34% - 10,514.72% 1,871.29% 6,561.73%
Revenue Q/Q Growth		 6.14% 4.03% 4.02% 7.18% 8.44% 7.41% 12.77% - -21.87% 12.45% 8.60%
EBITDA Q/Q Growth		 33.32% 0.45% -9.21% -10.38% 23.02% -14.46% -4.31% - -304.08% -2.28% 3.91%
EBIT Q/Q Growth		 31.33% 1.45% -8.62% 8.10% 6.68% -14.12% 10.33% - -1,272.84% -3.70% 5.33%
NOPAT Q/Q Growth		 30.80% 2.21% -8.94% 6.94% 6.91% -12.56% 9.59% - -1,742.21% -4.34% 3.92%
Net Income Q/Q Growth		 38.84% -0.08% -7.21% 7.24% 7.25% 6.38% -5.44% - -538.27% -3.72% 21.85%
EPS Q/Q Growth		 47.62% 3.64% -1.89% 5.56% 17.65% 9.52% 2.63% - -380.00% 3.57% 25.93%
Operating Cash Flow Q/Q Growth		 76.34% -278.26% 82.60% 32.01% -90.51% 73.17% -1,301.22% - 52.80% -75.22% -130.04%
Free Cash Flow Firm Q/Q Growth		 122.49% -123.92% 62.98% 220.32% 3.81% 143.49% -95.49% - -172.32% -11.91% -17.21%
Invested Capital Q/Q Growth		 -30.72% 31.05% -33.55% -58.91% -111.98% -534.36% 134.16% - 97.07% 7.89% 28.46%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 28.62% 33.71% 38.30% 43.81% 41.32% 45.20% 42.15% - 42.90% 48.85% 42.58%
EBITDA Margin		 -88.91% -85.08% -89.33% -91.99% -65.30% -69.59% -64.37% - -33.59% -30.55% -27.03%
Operating Margin		 -99.53% -93.55% -97.98% -85.07% -73.03% -76.53% -61.36% - -39.55% -36.70% -32.47%
EBIT Margin		 -98.78% -93.58% -97.72% -83.78% -72.10% -76.60% -60.91% - -39.91% -36.80% -32.08%
Profit (Net Income) Margin		 -91.92% -88.44% -91.15% -78.88% -67.47% -58.81% -54.99% - -35.95% -33.16% -23.86%
Tax Burden Percent		 100.55% 100.52% 99.86% 101.37% 100.89% 85.08% 100.33% - 103.26% 100.69% 95.17%
Interest Burden Percent		 92.55% 94.02% 93.41% 92.88% 92.75% 90.24% 89.97% - 87.24% 89.48% 78.15%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -100.05% -210.04% -271.35% -321.83% -551.22% -568.69% -536.17% - -101.72% -101.52% -71.28%
ROIC Less NNEP Spread (ROIC-NNEP)		 -96.86% -206.24% -267.30% -318.18% -547.81% -567.69% -533.78% - -99.38% -99.85% -71.08%
Return on Net Nonoperating Assets (RNNOA)		 71.53% 173.20% 228.34% 281.91% 512.10% 533.33% 505.77% - 76.78% 82.37% 58.49%
Return on Equity (ROE)		 -28.52% -36.85% -43.01% -39.92% -39.11% -35.36% -30.40% - -24.95% -19.15% -12.80%
Cash Return on Invested Capital (CROIC)		 -113.77% -272.52% -253.51% -234.21% 0.00% 0.00% -478.20% - -148.64% -145.52% -250.38%
Operating Return on Assets (OROA)		 -23.25% -28.08% -35.71% -30.68% -28.97% -30.52% -27.46% - -22.75% -18.93% -14.31%
Return on Assets (ROA)		 -21.64% -26.54% -33.31% -28.88% -27.11% -23.43% -24.79% - -20.50% -17.06% -10.64%
Return on Common Equity (ROCE)		 -28.52% -36.85% -43.01% -39.92% -39.11% -35.36% -30.40% - -24.95% -19.15% -12.80%
Return on Equity Simple (ROE_SIMPLE)		 -131.96% -71.40% -65.39% 0.00% -56.69% 0.00% 0.00% - 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -18 -18 -19 -18 -17 -19 -17 0.82 -13 -14 -13
NOPAT Margin		 -69.67% -65.49% -68.59% -59.55% -51.12% -53.57% -42.95% - -27.68% -25.69% -22.73%
Net Nonoperating Expense Percent (NNEP)		 -3.19% -3.81% -4.05% -3.64% -3.41% -1.00% -2.40% - -2.34% -1.67% -0.20%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -9.90% -9.93% -8.49% -6.86% 0.31% -4.88% -3.78% -2.40%
Cost of Revenue to Revenue		 71.38% 66.29% 61.70% 56.19% 58.68% 54.80% 57.85% - 57.10% 51.15% 57.42%
SG&A Expenses to Revenue		 48.49% 48.78% 56.77% 56.55% 48.74% 52.89% 39.70% - 33.20% 33.32% 27.50%
R&D to Revenue		 53.21% 53.47% 53.88% 48.91% 45.92% 48.92% 44.98% - 33.11% 35.41% 31.29%
Operating Expenses to Revenue		 128.15% 127.26% 136.29% 128.87% 114.34% 121.73% 103.50% - 82.44% 85.55% 75.04%
Earnings before Interest and Taxes (EBIT)		 -26 -25 -27 -25 -24 -27 -24 1.65 -19 -20 -19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -23 -23 -25 -28 -21 -24 -25 8.00 -16 -17 -16
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.93 2.61 1.77 3.36 2.87 5.90 6.32 - 4.19 10.72 5.18
Price to Tangible Book Value (P/TBV)		 2.23 2.97 2.00 3.73 3.19 6.35 6.71 - 5.71 13.28 5.91
Price to Revenue (P/Rev)		 3.51 4.46 2.89 5.47 4.10 10.37 11.39 - 6.23 19.43 12.95
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 7.82 10.16 7.68 53.32 0.00 0.00 622.32 - 9.62 33.85 17.63
Enterprise Value to Revenue (EV/Rev)		 1.94 3.05 1.45 3.92 2.66 8.56 9.60 - 5.29 18.15 11.08
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.26 0.26 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Long-Term Debt to Equity		 0.26 0.26 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Financial Leverage		 -0.74 -0.84 -0.85 -0.89 -0.93 -0.94 -0.95 - -0.77 -0.83 -0.82
Leverage Ratio		 1.60 1.71 1.58 1.68 1.75 1.61 1.45 - 1.47 1.34 1.25
Compound Leverage Factor		 1.48 1.61 1.47 1.56 1.62 1.46 1.31 - 1.28 1.20 0.97
Debt to Total Capital		 20.82% 20.49% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 20.82% 20.49% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Common Equity to Total Capital		 79.18% 79.51% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00% 100.00% 100.00%
Debt to EBITDA		 -0.21 -0.40 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Net Debt to EBITDA		 0.70 1.27 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Long-Term Debt to EBITDA		 -0.21 -0.40 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Debt to NOPAT		 -0.28 -0.51 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Net Debt to NOPAT		 0.93 1.62 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Long-Term Debt to NOPAT		 -0.28 -0.51 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Altman Z-Score		 -1.74 -1.25 -1.99 -0.08 -1.25 4.42 5.84 - 3.74 21.06 17.77
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.09 3.40 3.12 2.80 2.57 3.17 3.25 - 2.98 4.16 7.13
Quick Ratio		 2.41 2.68 2.65 2.42 2.19 2.81 2.87 - 2.36 3.41 6.25
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 64 -15 -5.70 6.86 7.12 17 0.78 -43 -116 -130 -153
Operating Cash Flow to CapEx		 -414.04% 0.00% -941.75% -176.74% -883.88% -147.24% -1,077.67% - -284.30% -481.80% -517.35%
Free Cash Flow to Firm to Interest Expense		 86.89 -20.81 -16.67 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -7.72 -29.25 -11.01 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -9.59 -29.06 -12.18 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.24 0.30 0.37 0.37 0.40 0.40 0.45 - 0.57 0.51 0.45
Accounts Receivable Turnover		 5.25 6.76 6.63 6.83 7.82 8.47 6.36 - 8.40 10.93 7.02
Inventory Turnover		 3.05 3.16 3.23 3.56 3.94 4.35 4.45 - 4.20 4.56 4.32
Fixed Asset Turnover		 7.31 8.98 10.36 10.90 11.54 12.40 12.65 - 8.48 8.89 8.58
Accounts Payable Turnover		 6.39 10.09 10.55 14.37 8.66 8.38 7.03 - 6.82 5.88 5.83
Days Sales Outstanding (DSO)		 69.57 53.97 55.06 53.42 46.68 43.11 57.41 - 43.43 33.38 52.02
Days Inventory Outstanding (DIO)		 119.77 115.69 113.11 102.43 92.63 83.87 82.08 - 86.84 80.11 84.56
Days Payable Outstanding (DPO)		 57.14 36.19 34.60 25.40 42.13 43.57 51.93 - 53.54 62.12 62.57
Cash Conversion Cycle (CCC)		 132.20 133.47 133.58 130.44 97.18 83.40 87.56 - 76.73 51.37 74.01
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 23 30 20 8.17 -0.98 -6.20 2.12 52 102 110 141
Invested Capital Turnover		 1.44 3.21 3.96 5.40 10.78 10.62 12.48 - 3.67 3.95 3.14
Increase / (Decrease) in Invested Capital		 -82 -2.27 -14 -25 -24 -36 -18 44 103 116 139
Enterprise Value (EV)		 179 304 153 435 314 1,077 1,319 - 980 3,719 2,489
Market Capitalization		 323 445 304 608 483 1,305 1,564 - 1,154 3,981 2,909
Book Value per Share		 $4.11 $3.77 $3.55 $3.63 $3.12 $4.11 $4.28 $4.65 $4.39 $5.83 $7.78
Tangible Book Value per Share		 $3.56 $3.31 $3.16 $3.28 $2.81 $3.82 $4.03 $4.41 $3.22 $4.71 $6.82
Total Capital		 211 215 172 181 168 221 247 262 276 371 561
Total Debt		 44 44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 44 44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -144 -141 -152 -173 -169 -227 -245 -210 -174 -261 -420
Capital Expenditures (CapEx)		 1.38 -0.14 0.40 1.45 0.55 0.89 1.70 22 2.56 2.65 5.67
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -15 -6.75 -16 -31 -35 -40 -34 -2.20 -7.07 1.25 30
Debt-free Net Working Capital (DFNWC)		 173 178 136 141 134 187 211 208 167 263 450
Net Working Capital (NWC)		 173 178 136 141 134 187 211 208 167 263 450
Net Nonoperating Expense (NNE)		 5.77 6.19 6.33 5.82 5.34 1.84 4.76 -3.17 4.02 4.08 0.67
Net Nonoperating Obligations (NNO)		 -144 -141 -152 -173 -169 -227 -245 -210 -174 -261 -420
Total Depreciation and Amortization (D&A)		 2.56 2.29 2.36 -2.47 2.22 2.46 -1.37 6.34 3.07 3.42 3.00
Debt-free, Cash-free Net Working Capital to Revenue		 -16.28% -6.77% -15.03% -28.19% -29.96% -31.89% -24.66% - -3.82% 0.61% 13.34%
Debt-free Net Working Capital to Revenue		 188.49% 178.66% 128.99% 127.30% 113.45% 148.68% 154.01% - 89.94% 128.19% 200.31%
Net Working Capital to Revenue		 188.49% 178.66% 128.99% 127.30% 113.45% 148.68% 154.01% - 89.94% 128.19% 200.31%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.55) ($0.53) ($0.54) ($0.51) ($0.42) ($0.38) ($0.37) $0.10 ($0.28) ($0.27) ($0.20)
Adjusted Weighted Average Basic Shares Outstanding		 43.45M 44.74M 47.68M 46.58M 52.49M 54.47M 57.98M 56.33M 61.82M 65.99M 71.47M
Adjusted Diluted Earnings per Share		 ($0.55) ($0.53) ($0.54) ($0.51) ($0.42) ($0.38) ($0.37) $0.10 ($0.28) ($0.27) ($0.20)
Adjusted Weighted Average Diluted Shares Outstanding		 43.45M 44.74M 47.68M 46.58M 52.49M 54.47M 57.98M 56.33M 61.82M 65.99M 71.47M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.51) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 45.23M 48.33M 49.77M 53.77M 53.79M 57.82M 60.01M 62.80M 63.67M 72.11M 73.00M
Normalized Net Operating Profit after Tax (NOPAT)		 -18 -18 -19 -18 -17 -19 -17 0.82 -13 -14 -13
Normalized NOPAT Margin		 -69.67% -65.49% -68.59% -59.55% -51.12% -53.57% -42.95% - -27.68% -25.69% -22.73%
Pre Tax Income Margin		 -91.42% -87.98% -91.28% -77.82% -66.87% -69.13% -54.80% - -34.82% -32.93% -25.07%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -34.59 -34.13 -80.22 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
NOPAT to Interest Expense		 -24.39 -23.89 -56.30 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -36.45 -33.94 -81.39 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -26.26 -23.69 -57.47 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Ouster’s financial profile has improved materially on revenue and gross margin, but the company remains unprofitable and dependent on financing to support operations. Across the comparable second quarters, revenue increased from $10.3 million in Q2 2022 to $54.6 million in Q2 2026, a roughly 429% increase. Revenue also rose sequentially from $48.6 million in Q1 2026. However, Ouster continues to report operating and net losses, indicating that growth has not yet translated into sustainable profitability.

  • Revenue growth remains strong. Quarterly revenue expanded from $10.3 million in Q2 2022 to $54.6 million in Q2 2026. The latest quarter also represented a 12.4% sequential increase from Q1 2026 and a 21.5% increase from Q2 2025.
  • Gross margin has improved substantially. Gross margin increased to approximately 48.8% in Q2 2026, compared with 45.2% in Q2 2025, 33.7% in Q2 2024 and only 2.7% in Q2 2023. This suggests improving product economics and a more favorable revenue mix.
  • Operating losses are narrower than in earlier periods. Ouster’s Q2 2026 operating loss was $20.0 million, an improvement from losses of $25.3 million in Q2 2024 and $33.2 million in Q2 2022. The company also recorded a $4.0 million net profit in Q4 2025, although profitability has not been consistent.
  • Liquidity strengthened significantly during the latest quarter. Cash and equivalents increased from $78.7 million in Q1 2026 to $91.8 million in Q2, while short-term investments rose from $94.4 million to $169.3 million. Combined cash, restricted cash and short-term investments totaled approximately $261.5 million at June 30, 2026.
  • The balance sheet carries relatively low reported leverage. Total liabilities were $103.5 million against $371.3 million of equity, and the latest balance sheet did not report long-term debt. Current assets of $345.7 million substantially exceeded current liabilities of $83.0 million.
  • Operating cash flow improved from several earlier quarters but remains negative. Ouster used $12.8 million in operating cash during Q2 2026, compared with $18.3 million in Q3 2025, $15.4 million in Q4 2025 and $33.5 million in Q2 2023. The improvement is encouraging, but the business has not yet reached positive operating cash flow.
  • Investment activity is affecting reported cash movements. Ouster purchased $111.5 million of investments and sold or received maturities of $37.1 million in Q2 2026, producing $77.1 million of investing cash outflow. These transactions appear to reflect treasury management rather than operating deterioration, but they make quarter-to-quarter cash changes more volatile.
  • Net losses continue despite revenue growth. Ouster reported a Q2 2026 net loss of $18.1 million, or $0.27 per share. The company has posted losses in most of the provided quarters, and retained earnings remained deeply negative at approximately $1.0 billion.
  • Operating expenses remain too high relative to gross profit. Q2 2026 operating expenses totaled $46.7 million, including $19.3 million of research and development, $18.2 million of selling, general and administrative expense, and $9.2 million of marketing expense. These costs exceeded the $26.7 million gross profit by roughly $20.0 million.
  • Shareholder dilution is a significant risk. Weighted average basic shares increased to 66.0 million in Q2 2026 from 54.5 million in Q2 2025 and 44.7 million in Q2 2024. The company also reported $102.6 million of financing cash inflow in Q2 2026, suggesting that equity-related financing remains an important source of liquidity and may continue to dilute existing shareholders.

Overall, Ouster’s results show a company with strong top-line momentum, expanding gross margins and a sizable liquidity cushion. The main investment question is whether revenue growth can eventually outpace research, development, sales and administrative spending. Until operating cash flow and earnings turn consistently positive, investors should treat Ouster as a higher-risk growth company whose liquidity is supported partly by capital raising rather than by internally generated cash.

11/04/26 06:54 PM ETAI Generated. May Contain Errors.

Ouster Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Ouster's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Ouster's net income appears to be on a downward trend, with a most recent value of -$60.38 million in 2025, falling from -$51.66 million in 2019. The previous period was -$97.05 million in 2024. View Ouster's forecast to see where analysts expect Ouster to go next.

Ouster's total operating income in 2025 was -$74.00 million, based on the following breakdown:
  • Total Gross Profit: $83.44 million
  • Total Operating Expenses: $157.44 million

Over the last 6 years, Ouster's total revenue changed from $11.41 million in 2019 to $169.38 million in 2025, a change of 1,384.1%.

In the past 13 quarters, Ouster's cash and equivalents has ranged from $44.39 million in Q3 2024 to $91.76 million in Q2 2026, and is currently $88.90 million as of their latest financial filing in Q3 2026.

Ouster had total debt of $0.00 at the end of 2025, compared with none in 2024, and none in 2019.

Over the last 6 years, Ouster's book value per share changed from 0.00 in 2019 to 4.65 in 2025, a change of 464.6%.


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Financial statements for NASDAQ:OUST last updated on 11/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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