Ouster, Inc. OUST
Ouster, Inc. is a leader in sensing and perception for Physical Artificial Intelligence (Physical AI). Ouster enables machines to "Sense, Think, Act, and Learn" and independently execute tasks without human intervention. Physical AI allows machines to move beyond fixed, preprogrammed behavior into adaptive, intelligent action by focusing on perception, understanding, and learning from the physical world. As a pioneer in Physical AI, Ouster offers a unified sensing and perception platform that combines high-performance digital lidar, cameras, AI compute, sensor fusion and perception software, and cutting-edge AI models to our customers.
We anticipate that 3D vision technologies, coupled with artificial intelligence, will power autonomy that in turn will fundamentally disrupt business models across many existing industries and enable entirely new industries and capabilities. We believe that our digital lidar sensors are one of the highest performing, lowest cost solutions available today, which we believe positions us at the center of a global revolution in autonomy.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- Americas
- Asia and Pacific
- Europe, Middle East and Africa
| Region | FY2025 | FY2024 |
|---|---|---|
| Americas | $92.1M | $58.4M |
| Asia and Pacific | $54.2M | $20.2M |
| Europe, Middle East and Africa | $23.1M | $32.5M |
As the company reported it, from the “Revenue - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $169.4M | $111.1M | $83.3M | $41.0M | $33.6M | $18.9M | $11.4M | — |
| Cost of revenue | $85.9M | $70.6M | $75.0M | $30.1M | $24.5M | $17.4M | $17.4M | — |
| Gross profit | $83.4M | $40.5M | $8.3M | $10.9M | $9.1M | $1.5M | -$6.0M | — |
| R&D | $65.2M | $58.1M | $91.2M | $64.3M | $34.6M | $23.3M | $23.3M | — |
| SG&A | $64.6M | $58.7M | $82.0M | $61.2M | $52.0M | $21.0M | $14.5M | — |
| Total operating expenses | $157.4M | $144.6M | $381.5M | $156.4M | $108.8M | $53.3M | $42.3M | — |
| Operating income | -$74.0M | -$104.2M | -$373.2M | -$145.4M | -$99.7M | -$51.8M | -$48.4M | — |
| Interest expense | $0 | $1.8M | $9.3M | $2.7M | $504.0K | $2.5M | $3.6M | — |
| Pre-tax income | -$63.3M | -$96.5M | -$373.6M | -$138.3M | -$96.8M | -$106.4M | -$51.7M | — |
| Income tax | $2.9M | $537.0K | $523.0K | $305.0K | $2.8M | $375.0K | $1.0K | — |
| Net income | -$60.4M | -$97.0M | -$374.1M | -$138.6M | -$94.0M | -$106.8M | -$51.7M | — |
| EPS, basic | -1.07 | -2.08 | -10.10 | -7.79 | -0.70 | -5.98 | -6.99 | — |
| EPS, diluted | -1.07 | -2.08 | -10.10 | -7.79 | -0.70 | -5.98 | -6.99 | — |
| Shares, diluted (wtd. avg.) | 56.3M | 46.6M | 37.0M | 17.8M | 133.9M | 17.9M | 7.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $67.4M | $45.5M | $52.6M | $124.3M | $182.6M | $11.4M | $18.4M | $15.6M |
| Short-term investments | $141.2M | $126.5M | $139.2M | $0 | — | — | — | — |
| Receivables | $27.8M | $17.9M | $14.6M | $11.2M | $10.7M | $2.3M | — | — |
| Inventory | $23.6M | $16.4M | $23.2M | $19.5M | $7.4M | $4.8M | — | — |
| Total current assets | $278.9M | $219.9M | $263.2M | $162.5M | $207.4M | $21.2M | — | — |
| Property, plant and equipment | $31.9M | $10.2M | $10.2M | $9.7M | $10.1M | $9.7M | — | — |
| Goodwill | — | — | $0 | $51.2M | $51.1M | $0 | — | — |
| Other intangibles | $13.3M | $17.8M | $24.4M | $18.2M | $22.7M | $0 | — | — |
| Total assets | $349.5M | $276.1M | $330.7M | $256.1M | $307.7M | $46.4M | — | — |
| Accounts payable | $20.0M | $6.3M | $3.5M | $8.8M | $4.9M | $6.9M | — | — |
| Total current liabilities | $71.0M | $78.4M | $81.7M | $29.5M | $22.1M | $20.9M | — | — |
| Long-term debt | — | $0 | $44.0M | $39.6M | $0 | — | — | — |
| Total liabilities | $87.8M | $95.2M | $151.1M | $84.5M | $47.0M | $83.1M | — | — |
| Retained earnings | -$973.4M | -$913.1M | -$816.0M | -$441.9M | -$303.4M | -$209.4M | — | — |
| Total equity | $261.7M | $180.9M | $179.7M | $171.6M | $260.7M | -$75.9M | -$100.3M | -$50.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$40.0M | -$33.7M | -$137.9M | -$110.7M | -$71.1M | -$42.1M | -$40.2M | — |
| Depreciation and amortisation | $7.8M | $9.8M | $17.1M | $9.5M | $5.5M | $3.7M | $2.0M | — |
| Stock-based compensation | $40.8M | $40.5M | $57.7M | $33.3M | $25.4M | $12.1M | $1.2M | — |
| Capital expenditure | $24.9M | $3.8M | $3.0M | $5.4M | $4.3M | $3.5M | $7.5M | — |
| Investing cash flow | -$36.3M | $14.7M | $50.6M | -$5.1M | -$15.2M | -$3.5M | -$7.5M | — |
| Financing cash flow | $97.6M | $15.4M | $15.7M | $55.6M | $258.3M | $39.9M | $50.5M | — |
| Buybacks | — | — | $0 | $45.0K | $45.0K | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-017433.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $11.4M | $18.9M | $33.6M | $41.0M | $83.3M | $111.1M | $169.4M |
| Gross profit | — | -$6.0M | $1.5M | $9.1M | $10.9M | $8.3M | $40.5M | $83.4M |
| Net income | — | -$51.7M | -$106.8M | -$94.0M | -$138.6M | -$374.1M | -$97.0M | -$60.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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