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Ouster, Inc. engages in the production and sale of lidar sensor kits for the automotive, industrial, robotics, and smart infrastructure industries in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers the Outer Sensor (OS) product line, including OSDome that provides a hemispheric field of view; OS0 for wide view; OS1, for mid-range view; and OS2 for long-range view. It also provides the DF series, a suite of short, mid, and long-range solid-state digital lidar sensors for advanced driver assistance systems (ADAS) and autonomous driving systems; Velodyne that offers surround-view lidar sensors comprising VLP-16, VLP-16 Lite, VLP-16 Hi-Res, VLP-32, and VLS-128; Ouster Gemini, a perception platform designed for smart infrastructure deployments; and BlueCity, a Gemini-powered solution for traffic operations, planning, and safety. In addition, the company offers ZED, a high-performance camera that provides 2D and 3D color data, as well as AI Compute. Further, it is developing solid-state digital flash sensors, a suite of short, mid, and long-range solid-state digital lidar sensors that provide uniform precision imaging without motion blur across an entire field of view. Ouster, Inc. was founded in 2015 and is headquartered in San Francisco, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $169M | $-50M | $-60M | $-65M | -23.1% | 52.5% | - |
| 2024 | $111M | $-80M | $-97M | $-37M | -53.6% | 33.4% | - |
| 2023 | $83M | $-343M | $-374M | $-141M | -208.2% | 103.0% | - |
| 2022 | $41M | $-123M | $-139M | $-116M | -80.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 41.03 | 83.28 | 111.10 | 169.38 |
| Cost Of Revenue | 30.10 | 74.97 | 70.64 | 85.95 |
| Gross Profit | 10.93 | 8.31 | 40.46 | 83.44 |
| Operating Expense | 156.35 | 214.83 | 144.64 | 157.44 |
| Operating Income | -145.42 | -206.52 | -104.18 | -74 |
| EBITDA | -123.38 | -342.62 | -79.94 | -50.42 |
| EBIT | -135.56 | -364.28 | -94.69 | -63.31 |
| Pretax Income | -138.25 | -373.59 | -96.51 | -63.31 |
| Tax Provision | 0.30 | 0.52 | 0.54 | -2.94 |
| Net Income | -138.56 | -374.11 | -97.05 | -60.38 |
| Net Income Common Stockholders | -138.56 | -374.11 | -97.05 | -60.38 |
| Total Expenses | 186.45 | 289.80 | 215.28 | 243.38 |
| Interest Expense | 2.69 | 9.30 | 1.82 | 0 |
| Interest Income | 2.21 | 9.04 | 8.85 | 9.48 |
| Research And Development | 64.32 | 91.21 | 58.08 | 65.17 |
| Selling General And Administration | 92.04 | 123.62 | 86.55 | 92.27 |
| Normalized EBITDA | -123.38 | -175.94 | -79.94 | -50.42 |
| Normalized Income | -138.56 | -242.44 | -97.05 | -60.38 |
| Basic EPS | -7.80 | -10.10 | -2.08 | -1.07 |
| Diluted EPS | -7.80 | -10.10 | -2.08 | -1.07 |
| Tax Effect Of Unusual Items | 0 | -35 | 0 | 0 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.05 |
| Total Unusual Items | 0 | -166.68 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | -166.68 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | -138.56 | -374.11 | -97.05 | -60.38 |
| Reconciled Depreciation | 12.19 | 21.67 | 14.74 | 12.89 |
| Reconciled Cost Of Revenue | 30.10 | 74.97 | 70.64 | 85.95 |
| Net Interest Income | -0.49 | -0.27 | 7.02 | 9.48 |
| Net Income From Continuing And Discontinued Operation | -138.56 | -374.11 | -97.05 | -60.38 |
| Total Operating Income As Reported | -145.42 | -373.19 | -104.18 | -74 |
| Diluted Average Shares | 17.79 | 37.04 | 46.58 | 56.33 |
| Basic Average Shares | 17.79 | 37.04 | 46.58 | 56.33 |
| Diluted NI Availto Com Stockholders | -138.56 | -374.11 | -97.05 | -60.38 |
| Net Income Including Noncontrolling Interests | -138.56 | -374.11 | -97.05 | -60.38 |
| Net Income Continuous Operations | -138.56 | -374.11 | -97.05 | -60.38 |
| Other Income Expense | 7.65 | -166.81 | 0.65 | 1.20 |
| Other Non Operating Income Expenses | 7.65 | -0.13 | 0.65 | 1.20 |
| Special Income Charges | 0 | -166.68 | 0 | 0 |
| Impairment Of Capital Assets | 0 | 166.68 | 0 | 0 |
| Net Non Operating Interest Income Expense | -0.49 | -0.27 | 7.02 | 9.48 |
| Interest Expense Non Operating | 2.69 | 9.30 | 1.82 | 0 |
| Interest Income Non Operating | 2.21 | 9.04 | 8.85 | 9.48 |
| Selling And Marketing Expense | 30.83 | 41.64 | 27.85 | 27.62 |
| General And Administrative Expense | 61.20 | 81.98 | 58.70 | 64.64 |
| Other Gand A | 61.20 | 81.98 | 58.70 | 64.64 |
| Operating Revenue | 41.03 | 83.28 | 111.10 | 169.38 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ouster, Inc.this co. | OUST | $1.6B | - | 5.95 | -23.1% | -19.32 |
| Flywire Corporation | FLYW | $1.7B | 124.36 | 2.00 | 1.6% | 31.16 |
| CTS Corporation | CTS | $1.7B | 24.90 | 2.95 | 11.8% | 13.27 |
| PC Connection, Inc. | CNXN | $1.6B | 19.39 | 1.78 | 9.2% | 11.63 |
| Appian Corporation | APPN | $1.6B | 1086.00 | -34.20 |
| -2.6% |
| 79.94 |
| GigaCloud Technology Inc. | GCT | $1.6B | 12.09 | 3.30 | 28.3% | 10.71 |
| Wealthfront Corporation | WLTH | $1.6B | - | 2.55 | -6.8% | -10.29 |
| Asana, Inc. | ASAN | $1.5B | - | 9.88 | -122.6% | -8.96 |
| SkyWater Technology, Inc. | SKYT | $1.5B | 12.50 | 7.90 | 60.7% | 53.50 |
| Peer Median | - | 22.15 | 2.75 | 5.4% | 12.45 | |