Ouster (OUST) Financials

$25.20 +0.69 (+2.82%)

Closing price 04:00 PM Eastern

Extended Trading

$25.20 +0.00 (+0.02%)

As of 07:59 PM Eastern

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

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	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
Net Income / (Loss) Attributable to Common Shareholders	-35	-39	-24	-24	-26	-24	-22	-21	-22	3.99	-17
Consolidated Net Income / (Loss)	-35	-39	-24	-24	-26	-24	-22	-21	-22	3.99	-17
Net Income / (Loss) Continuing Operations	-35	-39	-24	-24	-26	-24	-22	-21	-22	3.99	-17
Total Pre-Tax Income	-35	-39	-24	-24	-26	-23	-22	-24	-22	4.40	-17
Total Operating Income	-36	-37	-26	-25	-28	-26	-24	-27	-24	0.90	-19
Total Gross Profit	3.09	5.41	7.43	9.10	11	13	13	16	17	37	21
Total Revenue	22	24	26	27	28	30	33	35	40	62	49
Operating Revenue	22	24	26	27	28	30	33	35	40	62	49
Total Cost of Revenue	19	19	19	18	17	17	19	19	23	25	28
Operating Cost of Revenue	19	19	19	18	17	17	19	19	23	25	28
Total Operating Expenses	39	43	33	34	38	39	37	43	41	37	40
Selling, General & Admin Expense	14	19	13	13	16	17	16	19	16	15	16
Marketing Expense	7.89	8.55	6.86	6.75	7.20	7.05	6.42	6.98	7.44	6.78	7.84
Research & Development Expense	17	16	14	14	15	15	15	17	18	15	16
Total Other Income / (Expense), net	0.66	-1.51	2.10	1.50	1.88	2.18	2.01	2.59	2.59	3.50	2.30
Interest & Investment Income	2.50	2.58	2.65	2.25	2.15	1.80	1.71	2.62	2.41	2.75	2.47
Other Income / (Expense), net	-0.01	-0.01	0.19	-0.01	0.07	0.39	0.30	-0.03	0.18	0.75	-0.18
Income Tax Expense	0.02	0.17	0.13	0.12	-0.04	0.32	0.20	-3.62	0.07	0.41	0.55
Basic Earnings per Share	($0.89)	($1.05)	($0.55)	($0.53)	($0.54)	($0.51)	($0.42)	($0.38)	($0.37)	$0.10	($0.28)
Weighted Average Basic Shares Outstanding	39.23M	37.04M	43.45M	44.74M	47.68M	46.58M	52.49M	54.47M	57.98M	56.33M	61.82M
Diluted Earnings per Share	($0.89)	($1.05)	($0.55)	($0.53)	($0.54)	($0.51)	($0.42)	($0.38)	($0.37)	$0.10	($0.28)
Weighted Average Diluted Shares Outstanding	39.23M	37.04M	43.45M	44.74M	47.68M	46.58M	52.49M	54.47M	57.98M	56.33M	61.82M
Weighted Average Basic & Diluted Shares Outstanding	40.69M	40.67M	45.23M	48.33M	49.77M	53.77M	53.79M	57.82M	60.01M	62.80M	63.67M

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

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	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
Net Change in Cash & Equivalents	-16	-25	-2.71	4.28	-7.49	1.38	8.45	22	11	-20	10
Net Cash From Operating Activities	-27	-24	-5.72	-22	-3.77	-2.56	-4.88	-1.31	-18	-15	-7.28
Net Cash From Continuing Operating Activities	-27	-24	-5.72	-22	-3.77	-2.69	-4.88	-1.31	-18	-15	-7.28
Net Income / (Loss) Continuing Operations	-35	-39	-24	-24	-26	-24	-22	-21	-22	3.99	-17
Consolidated Net Income / (Loss)	-35	-39	-24	-24	-26	-24	-22	-21	-22	3.99	-17
Depreciation Expense	3.69	2.86	2.90	2.50	2.45	1.99	1.80	1.86	2.05	2.07	2.70
Amortization Expense	-1.14	3.14	-0.34	-0.21	-0.09	-4.46	0.42	0.60	-3.42	4.27	0.37
Non-Cash Adjustments To Reconcile Net Income	13	13	9.87	11	11	15	8.98	15	15	3.75	8.10
Changes in Operating Assets and Liabilities, net	-7.63	-4.19	5.69	-11	8.07	8.84	5.94	2.23	-11	-30	-0.98
Net Cash From Investing Activities	8.87	-13	-0.47	9.54	26	-20	13	-36	-7.69	-4.68	17
Net Cash From Continuing Investing Activities	8.87	-13	-0.47	9.54	26	-20	13	-36	-7.69	-4.68	17
Purchase of Property, Plant & Equipment	-0.66	-0.37	-1.38	-0.36	-0.57	-1.45	-0.55	-0.89	-1.70	-22	-2.56
Acquisitions	-	-	-	-	-	-	0.00	-	-	-	-27
Purchase of Investments	-33	-55	-24	-25	-36	-59	-14	-66	-39	-31	-11
Sale and/or Maturity of Investments	43	43	25	35	62	40	27	30	33	48	58
Net Cash From Financing Activities	2.93	12	3.65	17	-30	25	0.66	60	37	0.28	0.71
Net Cash From Continuing Financing Activities	2.93	12	3.65	17	-30	25	0.66	60	37	0.28	0.71
Other Financing Activities, net	0.09	0.03	0.11	0.04	0.02	0.04	0.66	-0.26	2.12	-2.03	0.71
Effect of Exchange Rate Changes	-0.21	0.26	-0.17	-0.30	0.26	-0.68	0.08	0.40	-0.04	0.04	0.00
Cash Income Taxes Paid	-	-	-	-	-	-	0.06	-	-	-	-2.12

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

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	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
Total Assets	266	464	354	322	318	310	255	269	322	354	382
Total Current Assets	172	320	280	253	256	252	200	219	273	305	251
Cash & Equivalents	133	116	91	76	48	53	44	54	76	87	79
Restricted Cash	0.25	0.57	0.53	0.54	0.56	0.43	0.44	0.73	0.73	0.81	0.65
Short-Term Investments	-	141	133	125	140	132	107	114	150	157	94
Accounts Receivable	11	23	15	13	12	14	18	18	15	25	26
Inventories, net	21	29	28	26	21	19	19	15	14	17	30
Prepaid Expenses	6.92	11	13	12	35	34	11	17	17	19	21
Plant, Property, & Equipment, net	8.59	15	13	12	11	9.45	8.84	9.90	11	13	34
Total Noncurrent Assets	86	130	61	57	51	48	46	40	38	36	97
Goodwill	51	67	0.00	0.00	-	-	-	-	-	-	39
Intangible Assets	19	30	28	26	23	21	19	17	16	14	35
Other Noncurrent Operating Assets	15	33	33	31	28	28	27	23	22	21	23
Total Liabilities & Shareholders' Equity	266	464	354	322	318	310	255	269	322	354	382
Total Liabilities	61	141	137	128	150	139	83	101	101	106	106
Total Current Liabilities	26	73	67	62	83	74	64	85	86	94	84
Accounts Payable	8.15	18	10	7.93	6.12	4.49	5.86	10	13	16	17
Accrued Expenses	14	42	40	36	56	49	29	40	36	41	38
Current Deferred Revenue	-	5.97	9.78	11	13	14	22	27	29	29	24
Other Current Liabilities	3.13	7.40	7.32	7.08	7.15	7.26	7.24	7.27	7.44	7.49	4.56
Total Noncurrent Liabilities	35	69	70	66	67	65	19	16	15	13	22
Noncurrent Deferred Revenue	-	2.66	5.26	3.91	4.48	3.49	3.36	3.00	3.59	3.33	2.95
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	-	-	5.15
Other Noncurrent Operating Liabilities	16	26	24	22	19	18	16	13	11	9.22	13
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	205	323	217	194	167	171	172	168	221	247	276
Total Preferred & Common Equity	205	323	217	194	167	171	172	168	221	247	276
Total Common Equity	205	323	217	194	167	171	172	168	221	247	276
Common Stock	605	942	959	971	1,008	1,035	1,061	1,104	1,177	1,225	1,267
Retained Earnings	-400	-619	-742	-777	-840	-864	-889	-935	-956	-977	-991
Accumulated Other Comprehensive Income / (Loss)	-0.18	-0.18	-0.23	-0.38	-0.44	-0.78	-0.14	-0.88	-0.55	-0.48	-0.56

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	-	-	-	-	-	-	-

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	60,005,219.00	62,803,991.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	60,005,219.00	62,803,991.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.07	-0.28
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	98.22%	123.48%	50.57%	39.15%	26.41%	23.11%	25.78%	29.86%	40.78%	-	48.87%
EBITDA Growth	-5.38%	18.59%	86.56%	80.86%	24.49%	11.63%	7.62%	-6.22%	-1.45%	-	23.42%
EBIT Growth	0.64%	10.23%	85.52%	79.50%	23.27%	32.44%	8.20%	-6.30%	12.24%	-	17.60%
NOPAT Growth	0.84%	11.16%	85.42%	79.48%	23.04%	31.40%	7.71%	-6.23%	11.84%	-	19.38%
Net Income Growth	2.46%	7.54%	86.55%	80.55%	27.10%	39.13%	7.68%	13.65%	15.07%	-	20.67%
EPS Growth	55.05%	55.70%	90.88%	83.39%	39.33%	51.43%	23.64%	28.30%	31.48%	-	33.33%
Operating Cash Flow Growth	2.41%	11.73%	89.21%	35.33%	86.16%	89.41%	14.73%	93.95%	-386.91%	-	-49.23%
Free Cash Flow Firm Growth	127.55%	171.76%	141.85%	46.71%	-117.50%	-76.29%	-88.94%	212.59%	113.72%	-	-1,732.72%
Invested Capital Growth	-63.28%	-62.56%	-78.32%	-7.06%	-40.54%	-75.21%	-104.28%	-120.74%	-89.34%	-	10,514.72%
Revenue Q/Q Growth	14.50%	10.06%	6.14%	4.03%	4.02%	7.18%	8.44%	7.41%	12.77%	-	-21.87%
EBITDA Q/Q Growth	72.32%	5.68%	33.32%	0.45%	-9.21%	-10.38%	23.02%	-14.46%	-4.31%	-	-304.08%
EBIT Q/Q Growth	70.98%	-4.37%	31.33%	1.45%	-8.62%	8.10%	6.68%	-14.12%	10.33%	-	-1,272.84%
NOPAT Q/Q Growth	70.95%	-4.40%	30.80%	2.21%	-8.94%	6.94%	6.91%	-12.56%	9.59%	-	-1,742.21%
Net Income Q/Q Growth	71.40%	-11.09%	38.84%	-0.08%	-7.21%	7.24%	7.25%	6.38%	-5.44%	-	-538.27%
EPS Q/Q Growth	72.10%	-17.98%	47.62%	3.64%	-1.89%	5.56%	17.65%	9.52%	2.63%	-	-380.00%
Operating Cash Flow Q/Q Growth	18.65%	11.16%	76.34%	-278.26%	82.60%	32.01%	-90.51%	73.17%	-1,301.22%	-	52.80%
Free Cash Flow Firm Q/Q Growth	212.73%	-11.19%	122.49%	-123.92%	62.98%	220.32%	3.81%	143.49%	-95.49%	-	-172.32%
Invested Capital Q/Q Growth	3.87%	-1.45%	-30.72%	31.05%	-33.55%	-58.91%	-111.98%	-534.36%	134.16%	-	97.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.93%	22.14%	28.62%	33.71%	38.30%	43.81%	41.32%	45.20%	42.15%	-	42.90%
EBITDA Margin	-149.54%	-128.15%	-88.91%	-85.08%	-89.33%	-91.99%	-65.30%	-69.59%	-64.37%	-	-33.59%
Operating Margin	-160.93%	-152.65%	-99.53%	-93.55%	-97.98%	-85.07%	-73.03%	-76.53%	-61.36%	-	-39.55%
EBIT Margin	-160.99%	-152.67%	-98.78%	-93.58%	-97.72%	-83.78%	-72.10%	-76.60%	-60.91%	-	-39.91%
Profit (Net Income) Margin	-158.05%	-159.53%	-91.92%	-88.44%	-91.15%	-78.88%	-67.47%	-58.81%	-54.99%	-	-35.95%
Tax Burden Percent	100.05%	100.45%	100.55%	100.52%	99.86%	101.37%	100.89%	85.08%	100.33%	-	103.26%
Interest Burden Percent	98.13%	104.02%	92.55%	94.02%	93.41%	92.88%	92.75%	90.24%	89.97%	-	87.24%
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)	-126.30%	-147.15%	-100.05%	-210.04%	-271.35%	-321.83%	-551.22%	-568.69%	-536.17%	-	-101.72%
ROIC Less NNEP Spread (ROIC-NNEP)	-118.97%	-135.97%	-96.86%	-206.24%	-267.30%	-318.18%	-547.81%	-567.69%	-533.78%	-	-99.38%
Return on Net Nonoperating Assets (RNNOA)	81.89%	89.15%	71.53%	173.20%	228.34%	281.91%	512.10%	533.33%	505.77%	-	76.78%
Return on Equity (ROE)	-44.42%	-57.99%	-28.52%	-36.85%	-43.01%	-39.92%	-39.11%	-35.36%	-30.40%	-	-24.95%
Cash Return on Invested Capital (CROIC)	-332.48%	-340.93%	-113.77%	-272.52%	-253.51%	-234.21%	0.00%	0.00%	-478.20%	-	-148.64%
Operating Return on Assets (OROA)	-38.20%	-43.33%	-23.25%	-28.08%	-35.71%	-30.68%	-28.97%	-30.52%	-27.46%	-	-22.75%
Return on Assets (ROA)	-37.50%	-45.27%	-21.64%	-26.54%	-33.31%	-28.88%	-27.11%	-23.43%	-24.79%	-	-20.50%
Return on Common Equity (ROCE)	-44.42%	-57.99%	-28.52%	-36.85%	-43.01%	-39.92%	-39.11%	-35.36%	-30.40%	-	-24.95%
Return on Equity Simple (ROE_SIMPLE)	-194.43%	0.00%	-131.96%	-71.40%	-65.39%	0.00%	-56.69%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	-25	-26	-18	-18	-19	-18	-17	-19	-17	0.82	-13
NOPAT Margin	-112.65%	-106.85%	-69.67%	-65.49%	-68.59%	-59.55%	-51.12%	-53.57%	-42.95%	-	-27.68%
Net Nonoperating Expense Percent (NNEP)	-7.34%	-11.18%	-3.19%	-3.81%	-4.05%	-3.64%	-3.41%	-1.00%	-2.40%	-	-2.34%
Return On Investment Capital (ROIC_SIMPLE)	-	-11.68%	-	-	-	-9.90%	-9.93%	-8.49%	-6.86%	0.31%	-4.88%
Cost of Revenue to Revenue	86.07%	77.86%	71.38%	66.29%	61.70%	56.19%	58.68%	54.80%	57.85%	-	57.10%
SG&A Expenses to Revenue	64.25%	75.87%	48.49%	48.78%	56.77%	56.55%	48.74%	52.89%	39.70%	-	33.20%
R&D to Revenue	75.10%	63.93%	53.21%	53.47%	53.88%	48.91%	45.92%	48.92%	44.98%	-	33.11%
Operating Expenses to Revenue	174.86%	174.78%	128.15%	127.26%	136.29%	128.87%	114.34%	121.73%	103.50%	-	82.44%
Earnings before Interest and Taxes (EBIT)	-36	-37	-26	-25	-27	-25	-24	-27	-24	1.65	-19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-33	-31	-23	-23	-25	-28	-21	-24	-25	8.00	-16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.03	1.74	1.93	2.61	1.77	3.36	2.87	5.90	6.32	-	4.19
Price to Tangible Book Value (P/TBV)	1.19	2.01	2.23	2.97	2.00	3.73	3.19	6.35	6.71	-	5.71
Price to Revenue (P/Rev)	2.85	3.75	3.51	4.46	2.89	5.47	4.10	10.37	11.39	-	6.23
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)	1.15	5.02	7.82	10.16	7.68	53.32	0.00	0.00	622.32	-	9.62
Enterprise Value to Revenue (EV/Rev)	0.55	1.99	1.94	3.05	1.45	3.92	2.66	8.56	9.60	-	5.29
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	0.21	0.24	0.26	0.26	0.00	0.00	0.00	0.00	0.00	-	0.00
Long-Term Debt to Equity	0.21	0.24	0.26	0.26	0.00	0.00	0.00	0.00	0.00	-	0.00
Financial Leverage	-0.69	-0.66	-0.74	-0.84	-0.85	-0.89	-0.93	-0.94	-0.95	-	-0.77
Leverage Ratio	1.47	1.67	1.60	1.71	1.58	1.68	1.75	1.61	1.45	-	1.47
Compound Leverage Factor	1.45	1.74	1.48	1.61	1.47	1.56	1.62	1.46	1.31	-	1.28
Debt to Total Capital	17.24%	19.66%	20.82%	20.49%	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	17.24%	19.66%	20.82%	20.49%	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	82.76%	80.34%	79.18%	79.51%	100.00%	100.00%	100.00%	100.00%	100.00%	-	100.00%
Debt to EBITDA	-0.11	-0.12	-0.21	-0.40	0.00	0.00	0.00	0.00	0.00	-	0.00
Net Debt to EBITDA	0.44	0.41	0.70	1.27	0.00	0.00	0.00	0.00	0.00	-	0.00
Long-Term Debt to EBITDA	-0.11	-0.12	-0.21	-0.40	0.00	0.00	0.00	0.00	0.00	-	0.00
Debt to NOPAT	-0.15	-0.17	-0.28	-0.51	0.00	0.00	0.00	0.00	0.00	-	0.00
Net Debt to NOPAT	0.61	0.56	0.93	1.62	0.00	0.00	0.00	0.00	0.00	-	0.00
Long-Term Debt to NOPAT	-0.15	-0.17	-0.28	-0.51	0.00	0.00	0.00	0.00	0.00	-	0.00
Altman Z-Score	-1.88	-1.68	-1.74	-1.25	-1.99	-0.08	-1.25	4.42	5.84	-	3.74
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	4.11	3.22	3.09	3.40	3.12	2.80	2.57	3.17	3.25	-	2.98
Quick Ratio	3.47	2.51	2.41	2.68	2.65	2.42	2.19	2.81	2.87	-	2.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	33	29	64	-15	-5.70	6.86	7.12	17	0.78	-43	-116
Operating Cash Flow to CapEx	-4,125.00%	-6,484.45%	-414.04%	0.00%	-941.75%	-176.74%	-883.88%	-147.24%	-1,077.67%	-	-284.30%
Free Cash Flow to Firm to Interest Expense	17.85	7.09	86.89	-20.81	-16.67	0.00	0.00	0.00	0.00	-	0.00
Operating Cash Flow to Interest Expense	-14.92	-5.93	-7.72	-29.25	-11.01	0.00	0.00	0.00	0.00	-	0.00
Operating Cash Flow Less CapEx to Interest Expense	-15.28	-6.02	-9.59	-29.06	-12.18	0.00	0.00	0.00	0.00	-	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.28	0.24	0.30	0.37	0.37	0.40	0.40	0.45	-	0.57
Accounts Receivable Turnover	5.77	6.45	5.25	6.76	6.63	6.83	7.82	8.47	6.36	-	8.40
Inventory Turnover	2.75	3.51	3.05	3.16	3.23	3.56	3.94	4.35	4.45	-	4.20
Fixed Asset Turnover	6.93	8.36	7.31	8.98	10.36	10.90	11.54	12.40	12.65	-	8.48
Accounts Payable Turnover	8.09	12.15	6.39	10.09	10.55	14.37	8.66	8.38	7.03	-	6.82
Days Sales Outstanding (DSO)	63.26	56.56	69.57	53.97	55.06	53.42	46.68	43.11	57.41	-	43.43
Days Inventory Outstanding (DIO)	132.68	104.11	119.77	115.69	113.11	102.43	92.63	83.87	82.08	-	86.84
Days Payable Outstanding (DPO)	45.14	30.05	57.14	36.19	34.60	25.40	42.13	43.57	51.93	-	53.54
Cash Conversion Cycle (CCC)	150.80	130.62	132.20	133.47	133.58	130.44	97.18	83.40	87.56	-	76.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	33	33	23	30	20	8.17	-0.98	-6.20	2.12	52	102
Invested Capital Turnover	1.12	1.38	1.44	3.21	3.96	5.40	10.78	10.62	12.48	-	3.67
Increase / (Decrease) in Invested Capital	-58	-55	-82	-2.27	-14	-25	-24	-36	-18	44	103
Enterprise Value (EV)	38	165	179	304	153	435	314	1,077	1,319	-	980
Market Capitalization	199	312	323	445	304	608	483	1,305	1,564	-	1,154
Book Value per Share	$4.91	$4.42	$4.11	$3.77	$3.55	$3.63	$3.12	$4.11	$4.28	$4.65	$4.39
Tangible Book Value per Share	$4.25	$3.81	$3.56	$3.31	$3.16	$3.28	$2.81	$3.82	$4.03	$4.41	$3.22
Total Capital	234	224	211	215	172	181	168	221	247	262	276
Total Debt	40	44	44	44	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	40	44	44	44	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-161	-147	-144	-141	-152	-173	-169	-227	-245	-210	-174
Capital Expenditures (CapEx)	0.66	0.37	1.38	-0.14	0.40	1.45	0.55	0.89	1.70	22	2.56
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-9.73	-9.24	-15	-6.75	-16	-31	-35	-40	-34	-2.20	-7.07
Debt-free Net Working Capital (DFNWC)	191	181	173	178	136	141	134	187	211	208	167
Net Working Capital (NWC)	191	181	173	178	136	141	134	187	211	208	167
Net Nonoperating Expense (NNE)	10	13	5.77	6.19	6.33	5.82	5.34	1.84	4.76	-3.17	4.02
Net Nonoperating Obligations (NNO)	-161	-147	-144	-141	-152	-173	-169	-227	-245	-210	-174
Total Depreciation and Amortization (D&A)	2.54	6.00	2.56	2.29	2.36	-2.47	2.22	2.46	-1.37	6.34	3.07
Debt-free, Cash-free Net Working Capital to Revenue	-13.95%	-11.09%	-16.28%	-6.77%	-15.03%	-28.19%	-29.96%	-31.89%	-24.66%	-	-3.82%
Debt-free Net Working Capital to Revenue	274.19%	217.90%	188.49%	178.66%	128.99%	127.30%	113.45%	148.68%	154.01%	-	89.94%
Net Working Capital to Revenue	274.19%	217.90%	188.49%	178.66%	128.99%	127.30%	113.45%	148.68%	154.01%	-	89.94%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.89)	($1.05)	($0.55)	($0.53)	($0.54)	($0.51)	($0.42)	($0.38)	($0.37)	$0.10	($0.28)
Adjusted Weighted Average Basic Shares Outstanding	39.23M	37.04M	43.45M	44.74M	47.68M	46.58M	52.49M	54.47M	57.98M	56.33M	61.82M
Adjusted Diluted Earnings per Share	($0.89)	($1.05)	($0.55)	($0.53)	($0.54)	($0.51)	($0.42)	($0.38)	($0.37)	$0.10	($0.28)
Adjusted Weighted Average Diluted Shares Outstanding	39.23M	37.04M	43.45M	44.74M	47.68M	46.58M	52.49M	54.47M	57.98M	56.33M	61.82M
Adjusted Basic & Diluted Earnings per Share	$0.00	($1.05)	$0.00	$0.00	$0.00	($0.51)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	40.69M	40.67M	45.23M	48.33M	49.77M	53.77M	53.79M	57.82M	60.01M	62.80M	63.67M
Normalized Net Operating Profit after Tax (NOPAT)	-25	-26	-18	-18	-19	-18	-17	-19	-17	0.82	-13
Normalized NOPAT Margin	-112.65%	-106.85%	-69.67%	-65.49%	-68.59%	-59.55%	-51.12%	-53.57%	-42.95%	-	-27.68%
Pre Tax Income Margin	-157.98%	-158.82%	-91.42%	-87.98%	-91.28%	-77.82%	-66.87%	-69.13%	-54.80%	-	-34.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-19.59	-9.14	-34.59	-34.13	-80.22	0.00	0.00	0.00	0.00	-	0.00
NOPAT to Interest Expense	-13.71	-6.40	-24.39	-23.89	-56.30	0.00	0.00	0.00	0.00	-	0.00
EBIT Less CapEx to Interest Expense	-19.95	-9.24	-36.45	-33.94	-81.39	0.00	0.00	0.00	0.00	-	0.00
NOPAT Less CapEx to Interest Expense	-14.07	-6.49	-26.26	-23.69	-57.47	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

Here are the key trends for Ouster (NYSE: OUST) based on its quarterly statements across the last four years (2022–2025). The focus is on observed patterns in revenue, profitability, cash flows, and balance sheet strength that may interest retail investors.

Net income turned positive in Q4 2025, with Consolidated Net Income / (Loss) of $3,985,000 and basic/diluted earnings per share of $0.10 (vs. large losses in prior quarters).
Gross margin improved in Q4 2025, with Total Gross Profit of about $37.45 million on Revenue of $62.18 million (roughly 60% gross margin).
Operating income was positive in Q4 2025, at approximately $0.90 million, contributing to a more favorable quarterly profitability profile. EPS also stood at about $0.10 per share on a basic/diluted basis.
Balance sheet strength improved with no long-term debt and total equity increasing, with Total Common Equity around $247.44 million in Q3 2025 (up from about $194.05 million in late-2024), suggesting a stronger capital base.

Cash position improved for 2025, with Cash & Equivalents rising from about $54.0 million in early 2025 to roughly $87.1 million by Q3 2025, enhancing liquidity buffers.
Equity financings provided liquidity across several quarters in 2025 (e.g., Q2 2025: issuance of common equity around $59.8 million; Q3 2025: around $35.0 million; Q4 2024: around $24.8 million), helping to fund operations and investments.

Operating cash flow remained negative across the period, with net cash from continuing operating activities around -$15.4 million in Q4 2025 and -$18.3 million in Q3 2025, indicating ongoing cash burn from core operations.
Investing cash outflows stayed sizable, including Q2 2025 at about -$36.47 million and Q4 2024 at about -$20.21 million, which pressures near-term cash from investing activities.
Earnings per share have been negative for most quarters prior to Q4 2025 (e.g., Q3 2025 Basic EPS around -$0.37; Q2 2025 around -$0.38; Q4 2024 around -$0.51), highlighting persistent profitability challenges even as a Q4 2025 improvement occurs.
Liabilities remain non-trivial relative to equity (Total Liabilities ≈ $106.3 million in Q3 2025 vs. Total Common Equity ≈ $247.4 million), indicating ongoing leverage considerations and a reliance on equity raises to fund activities.

05/08/26 07:23 PM ETAI Generated. May Contain Errors.

Ouster Financials - Frequently Asked Questions

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

Ouster's net income appears to be on an upward trend, with a most recent value of -$60.38 million in 2025, rising from -$51.66 million in 2019. The previous period was -$97.05 million in 2024. See where experts think Ouster is headed by visiting Ouster's forecast page.

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%.

Ouster's total liabilities were at $87.78 million at the end of 2025, a 7.8% decrease from 2024, and a 5.6% increase since 2020.

In the past 5 years, Ouster's cash and equivalents has ranged from $11.36 million in 2020 to $182.64 million in 2021, and is currently $67.41 million as of their latest financial filing in 2025.

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 NYSE:OUST last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Ouster (OUST) Financials

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