Ouster Inc Financials
This page shows Ouster Inc (OUST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Ouster Inc has an operating margin of -93.8%, meaning the company retains $-94 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -448.1% the prior year.
Ouster Inc's revenue surged 33.4% year-over-year to $111.1M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Ouster Inc carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.80, Ouster Inc holds $2.80 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 92/100.
While Ouster Inc generated -$33.7M in operating cash flow, capex of $3.8M consumed most of it, leaving -$37.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Ouster Inc passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Ouster Inc generates $0.35 in operating cash flow (-$33.7M OCF vs -$97.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Ouster Inc earns $-57.1 in operating income for every $1 of interest expense (-$104.2M vs $1.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Ouster Inc generated $111.1M in revenue in fiscal year 2024. This represents an increase of 33.4% from the prior year.
Ouster Inc's EBITDA was -$94.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 73.5% from the prior year.
Ouster Inc generated -$37.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 73.4% from the prior year.
Ouster Inc reported -$97.0M in net income in fiscal year 2024. This represents an increase of 74.1% from the prior year.
Ouster Inc earned $-2.08 per diluted share (EPS) in fiscal year 2024. This represents an increase of 79.4% from the prior year.
Ouster Inc held $45.5M in cash against $0 in long-term debt as of fiscal year 2024.
Ouster Inc had 53M shares outstanding in fiscal year 2024. This represents an increase of 21.5% from the prior year.
Ouster Inc's gross margin was 36.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 26.4 percentage points from the prior year.
Ouster Inc's operating margin was -93.8% in fiscal year 2024, reflecting core business profitability. This is up 354.4 percentage points from the prior year.
Ouster Inc's net profit margin was -87.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 361.9 percentage points from the prior year.
Ouster Inc invested $58.1M in research and development in fiscal year 2024. This represents a decrease of 36.3% from the prior year.
Ouster Inc invested $3.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 25.0% from the prior year.
OUST Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $39.5M+12.8% | $35.0M+7.4% | $32.6M+8.4% | $30.1M+11.5% | $27.0M+4.0% | $25.9M+6.1% | $24.4M+10.1% | $22.2M |
| Cost of Revenue | $22.9M+19.1% | $19.2M+0.3% | $19.1M+13.2% | $16.9M-5.5% | $17.9M-3.4% | $18.5M-2.7% | $19.0M-0.4% | $19.1M |
| Gross Profit | $16.7M+5.2% | $15.8M+17.5% | $13.5M+2.3% | $13.2M+44.9% | $9.1M+22.5% | $7.4M+37.2% | $5.4M+74.9% | $3.1M |
| R&D Expenses | $17.8M+3.7% | $17.1M+14.4% | $15.0M+1.8% | $14.7M+2.0% | $14.4M+4.5% | $13.8M-11.6% | $15.6M-6.3% | $16.7M |
| SG&A Expenses | $15.7M-15.4% | $18.5M+16.6% | $15.9M-6.5% | $17.0M+29.2% | $13.2M+4.7% | $12.6M-32.2% | $18.5M+30.0% | $14.3M |
| Operating Income | -$24.3M+9.6% | -$26.8M-12.6% | -$23.8M+6.9% | -$25.6M-1.4% | -$25.3M+2.2% | -$25.8M+30.8% | -$37.3M-4.4% | -$35.7M |
| Interest Expense | $0 | $0 | $0 | $0-100.0% | $740K-0.1% | $741K-81.8% | $4.1M+123.6% | $1.8M |
| Income Tax | $72K+102.0% | -$3.6M-1954.4% | $195K-39.1% | $320K+160.2% | $123K-6.1% | $131K-24.7% | $174K+923.5% | $17K |
| Net Income | -$21.7M-5.4% | -$20.6M+6.4% | -$22.0M+7.2% | -$23.7M+0.6% | -$23.9M-0.1% | -$23.8M+38.8% | -$39.0M-11.1% | -$35.1M |
| EPS (Diluted) | $-0.37+2.6% | $-0.38+9.5% | $-0.42+8.7% | $-0.46+13.2% | $-0.53+3.6% | $-0.55-5600.0% | $0.01+101.1% | $-0.89 |
OUST Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $353.8M+9.9% | $321.8M+19.8% | $268.6M-2.7% | $276.1M-10.9% | $309.9M-2.5% | $317.7M-3.9% | $330.7M+2.8% | $321.8M |
| Current Assets | $305.2M+11.7% | $273.2M+25.0% | $218.6M-0.6% | $219.9M-12.8% | $252.0M-1.7% | $256.5M-2.5% | $263.2M+4.1% | $252.9M |
| Cash & Equivalents | $87.1M+14.5% | $76.1M+41.0% | $54.0M+18.5% | $45.5M-13.6% | $52.7M+9.2% | $48.3M-5.3% | $51.0M-32.5% | $75.6M |
| Inventory | $16.5M+18.8% | $13.9M-8.0% | $15.1M-8.0% | $16.4M-15.6% | $19.5M-7.7% | $21.1M-9.3% | $23.2M-12.2% | $26.5M |
| Accounts Receivable | $24.8M+61.1% | $15.4M-14.1% | $17.9M-0.2% | $17.9M+25.1% | $14.3M+17.4% | $12.2M-16.2% | $14.6M+8.8% | $13.4M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
| Total Liabilities | $106.3M+5.5% | $100.8M+0.2% | $100.6M+5.7% | $95.2M-31.6% | $139.3M-7.4% | $150.5M-0.4% | $151.1M+18.2% | $127.8M |
| Current Liabilities | $93.8M+9.0% | $86.1M+1.3% | $85.0M+8.3% | $78.4M+5.9% | $74.1M-10.8% | $83.1M+1.7% | $81.7M+32.7% | $61.6M |
| Long-Term Debt | N/A | N/A | N/A | $0-100.0% | $44.0M0.0% | $44.0M0.0% | $44.0M+8.8% | $40.4M |
| Total Equity | $247.4M+11.9% | $221.0M+31.6% | $167.9M-7.2% | $180.9M+6.0% | $170.6M+2.0% | $167.2M-6.9% | $179.7M-7.4% | $194.0M |
| Retained Earnings | -$977.4M-2.3% | -$955.7M-2.2% | -$935.1M-2.4% | -$913.1M-5.7% | -$863.7M-2.8% | -$839.9M-2.9% | -$816.0M-5.0% | -$777.0M |
OUST Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$18.3M-1301.2% | -$1.3M+73.2% | -$4.9M-90.5% | -$2.6M+88.2% | -$21.6M-278.3% | -$5.7M+76.3% | -$24.2M+11.2% | -$27.2M |
| Capital Expenditures | $1.7M+91.5% | $889K+61.1% | $552K-61.9% | $1.4M+303.6% | $359K-74.0% | $1.4M+270.5% | $373K-43.5% | $660K |
| Free Cash Flow | -$20.0M-811.9% | -$2.2M+59.5% | -$5.4M-35.4% | -$4.0M+81.8% | -$22.0M-209.7% | -$7.1M+71.1% | -$24.6M+11.9% | -$27.9M |
| Investing Cash Flow | -$7.7M+78.9% | -$36.5M-389.7% | $12.6M+162.3% | -$20.2M-311.8% | $9.5M+2133.7% | -$469K+96.4% | -$12.9M-245.6% | $8.9M |
| Financing Cash Flow | $37.2M-37.6% | $59.5M+8917.1% | $660K-97.3% | $24.8M+48.8% | $16.7M+356.7% | $3.7M-70.2% | $12.3M+319.6% | $2.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
OUST Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.1%-3.1pp | 45.2%+3.9pp | 41.3%-2.5pp | 43.8%+10.1pp | 33.7%+5.1pp | 28.6%+6.5pp | 22.1%+8.2pp | 13.9% |
| Operating Margin | -61.4%+15.2pp | -76.5%-3.5pp | -73.0%+12.0pp | -85.1%+8.5pp | -93.5%+6.0pp | -99.5%+53.1pp | -152.7%+8.3pp | -160.9% |
| Net Margin | -55.0%+3.8pp | -58.8%+8.7pp | -67.5%+11.4pp | -78.9%+9.6pp | -88.4%+3.5pp | -91.9%+67.6pp | -159.5%-1.5pp | -158.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -6.1%+0.3pp | -6.4%+1.8pp | -8.2%+0.4pp | -8.6%-0.9pp | -7.7%-0.2pp | -7.5%+4.3pp | -11.8%-0.9pp | -10.9% |
| Current Ratio | 3.25+0.1 | 3.17+0.6 | 2.57-0.2 | 2.80-0.6 | 3.40+0.3 | 3.09-0.1 | 3.22-0.9 | 4.11 |
| Debt-to-Equity | 0.43-0.0 | 0.46-0.1 | 0.60+0.6 | 0.00-0.3 | 0.260.0 | 0.26+0.0 | 0.24+0.0 | 0.21 |
| FCF Margin | -50.7%-44.4pp | -6.3%+10.4pp | -16.6%-3.3pp | -13.3%+68.2pp | -81.5%-54.1pp | -27.4%+73.1pp | -100.5%+25.1pp | -125.6% |
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Frequently Asked Questions
What is Ouster Inc's annual revenue?
Ouster Inc (OUST) reported $111.1M in total revenue for fiscal year 2024. This represents a 33.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Ouster Inc's revenue growing?
Ouster Inc (OUST) revenue grew by 33.4% year-over-year, from $83.3M to $111.1M in fiscal year 2024.
Is Ouster Inc profitable?
No, Ouster Inc (OUST) reported a net income of -$97.0M in fiscal year 2024, with a net profit margin of -87.4%.
What is Ouster Inc's earnings per share (EPS)?
Ouster Inc (OUST) reported diluted earnings per share of $-2.08 for fiscal year 2024. This represents a 79.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Ouster Inc's EBITDA?
Ouster Inc (OUST) had EBITDA of -$94.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Ouster Inc have?
As of fiscal year 2024, Ouster Inc (OUST) had $45.5M in cash and equivalents against $0 in long-term debt.
What is Ouster Inc's gross margin?
Ouster Inc (OUST) had a gross margin of 36.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ouster Inc's operating margin?
Ouster Inc (OUST) had an operating margin of -93.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Ouster Inc's net profit margin?
Ouster Inc (OUST) had a net profit margin of -87.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Ouster Inc's free cash flow?
Ouster Inc (OUST) generated -$37.5M in free cash flow during fiscal year 2024. This represents a 73.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Ouster Inc's operating cash flow?
Ouster Inc (OUST) generated -$33.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Ouster Inc's total assets?
Ouster Inc (OUST) had $276.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Ouster Inc's capital expenditures?
Ouster Inc (OUST) invested $3.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Ouster Inc spend on research and development?
Ouster Inc (OUST) invested $58.1M in research and development during fiscal year 2024.
How many shares does Ouster Inc have outstanding?
Ouster Inc (OUST) had 53M shares outstanding as of fiscal year 2024.
What is Ouster Inc's current ratio?
Ouster Inc (OUST) had a current ratio of 2.80 as of fiscal year 2024, which is generally considered healthy.
What is Ouster Inc's debt-to-equity ratio?
Ouster Inc (OUST) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ouster Inc's return on assets (ROA)?
Ouster Inc (OUST) had a return on assets of -35.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Ouster Inc's cash runway?
Based on fiscal year 2024 data, Ouster Inc (OUST) had $45.5M in cash against an annual operating cash burn of $33.7M. This gives an estimated cash runway of approximately 16 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Ouster Inc's Piotroski F-Score?
Ouster Inc (OUST) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ouster Inc's earnings high quality?
Ouster Inc (OUST) has an earnings quality ratio of 0.35x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Ouster Inc cover its interest payments?
Ouster Inc (OUST) has an interest coverage ratio of -57.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Ouster Inc?
Ouster Inc (OUST) scores 58 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.