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Nasdaq · Industrials

Ouster, Inc. (OUST)

As-reported financials and SEC filings for Ouster, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Ouster, Inc.

Ouster, Inc. develops and manufactures digital lidar sensors and perception platforms that enable machines to sense, understand, and interact with their physical environment. The company serves industrial, smart infrastructure, robotics, and automotive markets by providing high-performance lidar and camera solutions combined with AI compute and sensor fusion software. Ouster's products support applications such as automation, safety, and advanced vehicle systems across various industries.

Snapshot

Revenue
$169.4M
Revenue growth (YoY)
52.5%
Net income
$-60.4M
Diluted EPS
$-1.07
Gross margin
49.3%
Operating margin
-43.7%
Net margin
-35.6%
FCF margin
-38.3%
ROE
-23.1%
net income / fiscal-year-end equity
P/E
n/m
not meaningful: a reported loss in the fiscal year or the trailing twelve months
Market cap
$2.26B
Long-term debt / equity
—
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Ouster

  • Revenue grew 52.5% to $169M in FY2025, faster than the 33.4% the year before.
  • Operating margin is -43.7% in FY2025, +253.3 pp against -297.0% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $55M, up 55.9% from Q2 FY2025.
  • Free cash flow was negative $65M in FY2025.
  • Net loss narrowed to $60M in FY2025, from $97M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Ouster’s fundamentals sit among the 668 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin49.3%
86th percentile of 455
Operating margin-43.7%
4th percentile of 598
Net margin-35.6%
6th percentile of 630
FCF margin-38.3%
4th percentile of 546
Revenue growth (YoY)+52.5%
95th percentile of 652
ROE-23.1%
15th percentile of 590
Short interest3.04d
46th percentile of 661

Ouster’s operating margin of -43.7% ranks in the 4th percentile of the 598 Industrials companies reporting it. Ouster’s FCF margin of -38.3% ranks in the 4th percentile of the 546 Industrials companies reporting it. Ouster’s revenue growth of +52.5% ranks in the 95th percentile of the 652 Industrials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 13 insider sales totaling $6.7M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+5 quant / multi-strat
Initiated / added
4
2 new, 2 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$103.8M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$36.0M575.9KAdded
Citadel AdvisorsquantQ2 2026$29.8M476.6KAdded
AQR Capital ManagementquantQ2 2026$14.1M225.3KReduced
Bridgewater AssociatesQ2 2026$11.5M183.5KNew
D. E. ShawquantQ2 2026$9.5M152.7KReduced
Two Sigma InvestmentsquantQ2 2026$1.9M29.8KReduced
Gotham Asset ManagementQ2 2026$1.1M17.2KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
13
$6.7M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-14
filed 2026-09-16
Charles Angus PacalaPresident and CEOSell30.4K$33.96$1.0M
2026-09-14
filed 2026-09-16
Mark FrichtlChief Technology OfficerSell18.8K$33.96$638K
2026-09-14
filed 2026-09-16
Kenneth P. GianellaChief Financial OfficerSell15.7K$33.96$533K
2026-09-14
filed 2026-09-16
Darien SpencerChief Operating OfficerSell12.8K$33.96$435K
2026-09-14
filed 2026-09-16
Megan ChungGeneral Counsel and SecretarySell11.5K$33.96$390K
2026-09-14
filed 2026-09-16
Cyrille JacquemetChief Revenue OfficerSell8.9K$33.96$302K
2026-08-18
filed 2026-08-19
Kenneth P. GianellaChief Financial OfficerSell17.9K$44.65$800K
2026-08-18
filed 2026-08-19
Kenneth P. GianellaChief Financial OfficerSell13.4K$45.52$608K
2026-08-18
filed 2026-08-19
Kenneth P. GianellaChief Financial OfficerSell8.2K$46.40$381K
2026-08-18
filed 2026-08-19
Kenneth P. GianellaChief Financial OfficerSell508$47.09$24K
2026-08-06
filed 2026-08-07
Stephen A. SkaggsDirectorSell3.6K$45.18$163K
2026-08-05
filed 2026-08-07
Stephen A. SkaggsDirectorSell1.4K$46.48$64K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
7.4M
settled 2026-09-30
Change vs prior
+8.4%
vs previous settlement
Days to cover
3.04
at avg daily volume
Avg daily volume
2.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-307.4M+8.4%3.04
2026-09-156.8M-1.7%3.69
2026-08-316.9M+10.5%2.84
2026-08-146.2M+2.2%2.07
2026-07-316.1M+0.8%1.79
2026-07-156.1M-8.3%1.22
2026-06-306.6M+27.4%1.16
2026-06-155.2M-11.7%1.24

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$169.4M$111.1M$83.3M$41.0M$33.6M
Gross profit
Operating income$-74.0M$-104.2M$-373.2M$-145.4M$-99.7M
Net income$-60.4M$-97.0M$-374.1M$-138.6M$-94.0M
Diluted EPS$-1.07$-2.08$-10.10

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$67.4M$45.5M$51.0M$122.9M$182.6M
Current assets$278.9M$219.9M$263.2M$162.5M$207.4M
Total assets$349.5M$276.1M$330.7M$256.1M$307.7M
Current liabilities$71.0M$78.4M$81.7M$29.5M$22.1M
Long-term debt—$0$44.0M$39.6M$0
Total liabilities$87.8M$95.2M$151.1M$84.5M$47.0M
Total equity$261.7M$180.9M$179.7M$171.6M$260.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-40.0M$-33.7M$-137.9M$-110.7M$-71.1M
Capital expenditure$24.9M$3.8M$3.0M$5.4M$4.3M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$54.6M55.9%$-18.1M$-0.27
Q1 FY2026$48.6M48.9%$-17.5M$-0.28
Q4 FY2025106.6%
Q3 FY2025$39.5M40.8%$-21.7M$-0.37
Q2 FY2025$35.0M29.9%$-20.6M$-0.38
Q1 FY2025$32.6M25.8%$-22.0M$-0.42
Q4 FY202423.1%
Q3 FY2024$28.1M26.4%$-25.6M$-0.54

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryGeneral Industrial Machinery & Equipment, NEC
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2020
SEC CIK1816581

Selected SEC filings

10-Q2026-08-06
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-07-06
View on EDGAR →
8-K2026-06-18
View on EDGAR →
8-K2026-05-08
View on EDGAR →

Largest Industrials peers

All Industrials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.