OUST

MKT CAP:$2B

Ouster, Inc.

Market Cap

$2B

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NASDAQ

Technology·Hardware,·🇺🇸·NASDAQ

Stock Price

$24.26+$0.89 (+3.81%)

Apr 17, 2026

Company Details

Ouster, Inc. designs and manufactures high-resolution digital lidar sensors and enabling software that offers 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. Its product portfolio includes OS, a scanning sensor an...

CEO

Charles Angus Pacala

IPO Date

Oct 9, 2020

Website

www.ouster.com

Key Metrics TTM

Revenue

$169M

+52.5% YoY

Net Income

-$60M

EPS (Diluted)

-$1.11

Free Cash Flow

-$65M

Revenue / Share

$2.62

Gross Margin

49.3%

Operating Margin

-43.7%

Net Margin

-35.6%

FCF Margin

-38.3%

P/S

10.5x

P/E

—

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Mar 2, 2026

$169M+52.5%EPS -$1.07

Q4 2025

Mar 2, 2026

$62M+106.6%EPS $0.06

Q3 2025

Nov 5, 2025

$40M+40.8%EPS -$0.37

Q2 2025

Aug 11, 2025

$35M+29.9%EPS -$0.38

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$9M	$3M	-$34M
Q2 22	$10M	$3M	-$33M
Q3 22	$11M	$4M	-$36M
Q4 22	$11M	$2M	-$42M
Q1 23	$17M	-$376.0K	-$177M
Q2 23	$19M	$186.0K	-$123M
Q3 23	$22M	$3M	-$36M
Q4 23	$24M	$5M	-$37M
Q1 24	$26M	$7M	-$26M
Q2 24	$27M	$9M	-$25M
Q3 24	$28M	$11M	-$28M
Q4 24	$30M	$13M	-$26M
Q1 25	$33M	$13M	-$24M
Q2 25	$35M	$16M	-$27M
Q3 25	$40M	$17M	-$24M
Q4 25	$62M	$37M	$904.0K

Valuation

Quarter	P/S	P/E
Q1 22	50.0x	—
Q2 22	46.2x	—
Q3 22	42.4x	—
Q4 22	43.3x	—
Q1 23	35.8x	—
Q2 23	30.2x	—
Q3 23	25.5x	—
Q4 23	21.3x	—
Q1 24	19.3x	—
Q2 24	17.8x	—
Q3 24	16.9x	—
Q4 24	16.0x	—
Q1 25	15.1x	—
Q2 25	14.1x	—
Q3 25	12.9x	—
Q4 25	10.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$22M	-$22M
Q2 22	-$34M	-$34M
Q3 22	-$28M	-$29M
Q4 22	-$27M	-$30M
Q1 23	-$53M	-$54M
Q2 23	-$33M	-$34M
Q3 23	-$27M	-$28M
Q4 23	-$24M	-$25M
Q1 24	-$6M	-$7M
Q2 24	-$22M	-$22M
Q3 24	-$4M	-$4M
Q4 24	-$3M	-$4M
Q1 25	-$5M	-$5M
Q2 25	-$1M	-$2M
Q3 25	-$18M	-$20M
Q4 25	-$15M	-$37M

Capital Expenditures

Quarter	CapEx
Q1 22	$416.0K
Q2 22	$861.0K
Q3 22	$1M
Q4 22	$3M
Q1 23	$1M
Q2 23	$967.0K
Q3 23	$660.0K
Q4 23	$373.0K
Q1 24	$1M
Q2 24	$359.0K
Q3 24	$566.0K
Q4 24	$1M
Q1 25	$552.0K
Q2 25	$889.0K
Q3 25	$2M
Q4 25	$22M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+29.5%	+86.6%
Q2 22	+40.3%	+51.4%
Q3 22	+44.5%	+34.7%
Q4 22	-7.7%	+13.7%
Q1 23	+101.3%	+354.6%
Q2 23	+87.8%	+227.3%
Q3 23	+98.2%	+22.7%
Q4 23	+123.5%	+16.7%
Q1 24	+50.6%	-73.4%
Q2 24	+39.2%	-63.3%
Q3 24	+26.4%	-4.1%
Q4 24	+23.1%	-9.8%
Q1 25	+25.8%	+9.1%
Q2 25	+29.9%	+18.4%
Q3 25	+40.8%	+14.7%
Q4 25	+106.6%	+10.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$9M	102.2%
Q2 22	$8M	78.6%
Q3 22	$8M	75.5%
Q4 22	$8M	73.1%
Q1 23	$22M	126.4%
Q2 23	$16M	84.9%
Q3 23	$8M	37.7%
Q4 23	$11M	45.4%
Q1 24	$9M	36.2%
Q2 24	$11M	39.6%
Q3 24	$12M	41.0%
Q4 24	$9M	29.4%
Q1 25	$8M	26.0%
Q2 25	$13M	37.7%
Q3 25	$12M	29.9%
Q4 25	$7M	11.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$16M	$14M	$7M
Q2 22	$16M	$13M	$8M
Q3 22	$17M	$14M	$9M
Q4 22	$15M	$21M	$8M
Q1 23	$32M	$31M	$14M
Q2 23	$26M	$18M	$12M
Q3 23	$17M	$14M	$8M
Q4 23	$16M	$19M	$9M
Q1 24	$14M	$13M	$7M
Q2 24	$14M	$13M	$7M
Q3 24	$15M	$16M	$7M
Q4 24	$15M	$17M	$7M
Q1 25	$15M	$16M	$6M
Q2 25	$17M	$19M	$7M
Q3 25	$18M	$16M	$7M
Q4 25	$15M	$15M	$7M

Revenue Segments

Quarter

Revenue by Geography

Quarter	Americas, Excluding United States	Asia Pacific	Emea	United States	Americas
Q1 22	$456.0K	$2M	$3M	$3M	—
Q2 22	$208.0K	$3M	$5M	$3M	—
Q3 22	$172.0K	$2M	$5M	$4M	—
Q1 23	—	$3M	$5M	$10M	—
Q2 23	—	$3M	$6M	$11M	—
Q3 23	—	$2M	$7M	$13M	—
Q1 24	—	$6M	$9M	$11M	—
Q2 24	—	$5M	$9M	$14M	—
Q3 24	—	$4M	$7M	$17M	—
Q2 25	—	$6M	$4M	—	$25M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$161M	$0	$161M
Q2 22	$160M	$0	$160M
Q3 22	$133M	$0	$133M
Q4 22	$123M	$0	$123M
Q1 23	$116M	$141M	$257M
Q2 23	$91M	$133M	$224M
Q3 23	$76M	$125M	$200M
Q4 23	$51M	$139M	$190M
Q1 24	$48M	$140M	$188M
Q2 24	$53M	$132M	$184M
Q3 24	$44M	$107M	$151M
Q4 24	$46M	$126M	$172M
Q1 25	$54M	$114M	$168M
Q2 25	$76M	$150M	$227M
Q3 25	$87M	$157M	$245M
Q4 25	$67M	$141M	$209M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	17M	+3.0%	+206.9%
Q2 22	18M	+2.4%	+12.3%
Q3 22	18M	+3.6%	+15.8%
Q4 22	18M	+1.6%	+11.1%
Q1 23	29M	+59.6%	+72.1%
Q2 23	38M	+30.7%	+119.6%
Q3 23	39M	+2.0%	+116.3%
Q4 23	41M	+4.9%	+123.3%
Q1 24	43M	+5.6%	+47.7%
Q2 24	45M	+3.0%	+16.4%
Q3 24	48M	+6.6%	+21.6%
Q4 24	47M	-2.3%	+13.2%
Q1 25	52M	+12.7%	+20.8%
Q2 25	53M	+1.9%	+19.5%
Q3 25	59M	+9.8%	+23.2%
Q4 25	65M	+10.2%	+39.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$30.8K	278
Q2 22	$37.2K	278
Q3 22	$40.3K	278
Q4 22	$54.7K	200
Q1 23	$86.2K	200
Q2 23	$97.0K	200
Q3 23	$111.0K	200
Q4 23	$121.0K	202
Q1 24	$128.4K	202
Q2 24	$133.6K	202
Q3 24	$139.0K	202
Q4 24	$156.7K	192
Q1 25	$170.0K	192
Q2 25	$182.5K	192
Q3 25	$205.9K	192
Q4 25	$304.8K	204

Revenue / Employee