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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% | -37.8% |
| 2024 | $111M | $-80M | $-97M | $-37M | -53.6% | 33.4% | -74.1% |
| 2023 | $83M | $-343M | $-374M | $-141M | -208.2% | 103.0% | 170.0% |
| 2022 | $41M | $-123M | $-139M | $-116M | -80.7% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 41.03 | 83.28 | 111.10 | 169.38 |
| Operating Revenue | - | 41.03 | 83.28 | 111.10 | 169.38 |
| Cost Of Revenue | - | 30.10 | 74.96 | 70.64 | 85.95 |
| Gross Profit | - | 10.93 | 8.31 | 40.46 | 83.44 |
| Operating Expense | - | 156.35 | 214.83 | 144.64 | 157.44 |
| Research And Development | - | 64.32 | 91.21 | 58.08 | 65.17 |
| Selling General And Administration | - | 92.04 | 123.62 | 86.55 | 92.26 |
| Total Expenses | - | 186.45 | 289.80 | 215.28 | 243.38 |
| Operating Income | - | -145.42 | -206.52 | -104.18 | -74 |
| Total Operating Income As Reported | - | -145.42 | -373.19 | -104.18 | -74 |
| EBITDA | - | -123.38 | -342.62 | -79.94 | -50.42 |
| Normalized EBITDA | - | -123.38 | -175.94 | -79.94 | -50.42 |
| EBIT | - | -135.56 | -364.28 | -94.68 | -63.31 |
| Interest Income | - | 2.21 | 9.04 | 8.85 | 9.48 |
| Interest Expense | - | 2.69 | 9.30 | 1.82 | 0 |
| Net Interest Income | - | -0.49 | -0.26 | 7.02 | 9.48 |
| Other Non Operating Income Expenses | - | 7.65 | -0.13 | 0.65 | 1.20 |
| Other Income Expense | - | 7.65 | -166.80 | 0.65 | 1.20 |
| Interest Income Non Operating | - | 2.21 | 9.04 | 8.85 | 9.48 |
| Interest Expense Non Operating | - | 2.69 | 9.30 | 1.82 | 0 |
| Net Non Operating Interest Income Expense | - | -0.49 | -0.26 | 7.02 | 9.48 |
| Pretax Income | - | -138.26 | -373.59 | -96.51 | -63.31 |
| Tax Provision | - | 0.30 | 0.52 | 0.54 | -2.94 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -35 | 0 | 0 |
| Net Income Continuous Operations | - | -138.56 | -374.11 | -97.04 | -60.38 |
| Net Income From Continuing And Discontinued Operation | - | -138.56 | -374.11 | -97.04 | -60.38 |
| Net Income From Continuing Operation Net Minority Interest | - | -138.56 | -374.11 | -97.04 | -60.38 |
| Net Income | - | -138.56 | -374.11 | -97.04 | -60.38 |
| Net Income Common Stockholders | - | -138.56 | -374.11 | -97.04 | -60.38 |
| Net Income Including Noncontrolling Interests | - | -138.56 | -374.11 | -97.04 | -60.38 |
| Normalized Income | - | -138.56 | -242.44 | -97.04 | -60.38 |
| Diluted NI Availto Com Stockholders | - | -138.56 | -374.11 | -97.04 | -60.38 |
| Basic Average Shares | - | 17.79 | 37.04 | 46.58 | 56.33 |
| Diluted Average Shares | - | 17.79 | 37.04 | 46.58 | 56.33 |
| Reconciled Depreciation | - | 12.19 | 21.67 | 14.74 | 12.89 |
| Reconciled Cost Of Revenue | - | 30.10 | 74.96 | 70.64 | 85.95 |
| Total Unusual Items | - | 0 | -166.68 | 0 | - |
| Total Unusual Items Excluding Goodwill | - | 0 | -166.68 | 0 | - |
| Special Income Charges | - | 0 | -166.68 | 0 | - |
| Impairment Of Capital Assets | - | 0 | 166.68 | 0 | - |
| General And Administrative Expense | - | 61.20 | 81.98 | 58.70 | 64.64 |
| Other Gand A | - | 61.20 | 81.98 | 58.70 | 64.64 |
| Selling And Marketing Expense | - | 30.83 | 41.64 | 27.85 | 27.62 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ouster, Inc.this co. | OUST | $3.0B | - | 11.46 | -23.1% | - |
| Webull Corporation | BULL | $3.2B | 130.96 | 3.19 | 2.4% | 49.51 |
| Tenable Holdings, Inc. | TENB | $3.2B | -89.43 | 9.90 | -11.1% | 72.86 |
| NextNav Inc. | NN | $3.2B | -17.01 | -37.32 | 219.5% | -55.41 |
| Ambarella, Inc. | AMBA | $3.2B | - | 5.31 | -12.8% |
| - |
| - |
| - |
| - |
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| Bel Fuse Inc. | BELFA | $3.1B | 51.01 | 7.38 | 14.5% | 24.22 |
| Fastly, Inc. | FSLY | $3.1B | -25.61 | 3.35 | -13.1% | -117.52 |
| Vistance Networks, Inc. | VISN | $2.8B | 1.23 | -2.79 | -227.4% | 30.18 |
| Workiva Inc. | WK | $2.8B | -105.19 | -506.37 | 481.4% | 2375.17 |
| Peer Median | - | -17.01 | 3.27 | -4.3% | 30.18 | |