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Stock research / United States / OUST · General Industrial Machinery & Equipment, Nec · Nasdaq

Ouster, Inc. (OUST)

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Ouster, Inc. (OUST) reported revenue of $55 million for Q2 FY2026, the quarter ended 30 June 2026, up 55.9% on the same quarter a year earlier. Net income was -$18 million, and diluted earnings per share $-0.27. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$55 millionup 55.9%
Net income-$18 million
Diluted EPS$-0.27
QuarterQ2 FY2026ended 30 June 2026

Ouster (OUST) in brief

Ouster (OUST) reported revenue of $169 million for fiscal 2025, the year ended 31 December 2025, up 52.5% on the year before.
Read moreNet loss was $60 million and the diluted loss per share $1.07. Revenue was $111 million in fiscal 2024, $83 million in fiscal 2023, $41 million in fiscal 2022 and $34 million in fiscal 2021. Net income in the same years was a loss of $97 million, a loss of $374 million, a loss of $139 million and a loss of $94 million. Over the twelve months to 30 June 2026, Ouster reported revenue of $205 million and net loss of $53 million. Revenue grew 55.0% a year, compounded, over the five years to fiscal 2025. Ouster had 68 million shares outstanding at the latest filed count. At 30 June 2026 it carried $0 million of debt and $92 million of cash. At the close of 27 October 2026 the market cap of Ouster was $2.2 billion.

Ratios

From the filings

ROE-14.4%
ROCE-16.9%
Operating margin-30.6%
Net margin-26.0%
FCF margin-40.2%
Interest covern/a
Debt to equity0.00
Cash conversionn/a
Share count, last 12 months18.5%
Sales CAGR, 3 years60.4%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.86

At the close of 27 October 2026

Price$32.79
Market cap$2.2 billion
Stock P/En/a
Price to book6.05
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales10.96
52-week high$62.52
52-week low$16.63
Price, 1 year-11.6%
Price CAGR, 3 years105.3%
Price CAGR, 5 years-12.5%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Ouster, Inc.'s balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
OUSTgreeksoup.ai
Daily prices to 27 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on OUST

Dividendsno dividend in its filings for fiscal 2019 onward
Filings23 in twelve months: 10 current reports (8-K), about 4 results of operations; 2 other events; 1 charter or bylaw amendment, or fiscal year change; 1 shareholder vote; 1 regulation FD disclosure
Planned insider sales44 Form 144 notices in twelve months, $40.2 million; latest 11 September 2026
Options tapeput/call 0.45 by open interest at the 27 October 2026 close; the straddle prices a 7.2% move to 30 October 2026
13F holders330 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading68 sales and 3 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest6.3 million shares short, 2.35 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue7.811.98.610.311.210.917.219.422.224.425.927.028.130.132.635.039.562.248.654.6
Cost of revenue5.98.36.07.57.59.117.619.219.119.018.517.917.316.919.119.222.924.727.727.9
Gross profit1.93.62.62.83.71.8-0.40.23.15.47.49.110.813.213.515.816.737.520.826.7
Gross margin24%30%30%27%33%17%-2%1%14%22%29%34%38%44%41%45%42%60%43%49%
R&D8.415.015.915.917.215.332.526.416.715.613.814.415.114.715.017.117.815.316.119.3
Operating income-27.3-34.7-34.2-33.2-36.0-42.0-177-123-35.7-37.3-25.8-25.2-27.5-25.6-23.8-26.8-24.30.9-19.2-20.0
Operating margin-352%-293%-399%-321%-322%-384%-1028%-634%-161%-153%-100%-94%-98%-85%-73%-77%-61%1%-40%-37%
Interest expense0.00.00.00.40.71.61.71.71.84.10.70.70.30.00.00.00.00.0n/an/a
Pre-tax income-12.7-31.1-32.4-28.0-36.0-42.0-177-123-35.1-38.8-23.7-23.7-25.6-23.4-21.8-24.2-21.74.4-16.9-18.0
Tax raten/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a9%n/an/a
Net income-12.7-28.3-32.4-28.0-36.0-42.2-177-123-35.1-39.0-23.8-23.9-25.6-23.7-22.0-20.6-21.74.0-17.5-18.1
Net margin-163%-239%-379%-271%-321%-386%-1029%-633%-158%-160%-92%-88%-91%-79%-67%-59%-55%6%-36%-33%
Diluted EPS-$0.80-$0.30-$1.90-$1.60-$2.00-$2.30-$6.03-$3.19-$0.89-$0.95-$0.55-$0.53-$0.54-$0.48-$0.42-$0.38-$0.37$0.06-$0.28-$0.27
Operating cash flow-16.8-26.0-21.8-33.6-27.9-27.4-53.0-33.5-27.2-24.2-5.7-21.6-3.8-2.6-4.9-1.3-18.3-15.4-7.3-12.8
Capital expenditure1.12.50.40.91.13.11.01.00.70.41.40.40.61.40.60.91.721.82.62.6
Free cash flow-17.9-28.5-22.2-34.4-29.0-30.5-54.0-34.4-27.9-24.6-7.1-22.0-4.3-4.0-5.4-2.2-20.0-37.2-9.8-15.4
Buybacks0.00.00.00.00.0-0.00.00.00.00.0n/an/an/an/an/an/an/an/an/an/a
Shares outstanding16m17m17m18m18m19m39m39m41m43m45m47m50m53m54m58m60m61m63m68m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 7 fiscal years and the trailing twelve months

FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue11.418.933.641.083.3111169205
Cost of revenue17.417.424.530.175.070.685.9103
Gross profit-6.01.59.110.98.340.583.4102
Gross margin-52.7%8.0%27.1%26.6%10.0%36.4%49.3%49.6%
Research and development23.323.334.664.391.258.165.268.5
Operating income-48.4-51.8-99.7-145-373-104-74.0-62.6
Operating margin-423.8%-273.8%-297.0%-354.4%-448.1%-93.8%-43.7%-30.6%
Interest expense3.62.50.52.79.31.80.0n/a
Pre-tax income-51.7-106-96.8-138-374-96.5-63.3-52.2
Income tax0.00.4-2.80.30.50.5-2.91.2
Net income-51.7-107-94.0-139-374-97.0-60.4-53.3
Net margin-452.7%-564.9%-279.9%-337.7%-449.2%-87.3%-35.6%-26.0%
Diluted EPS-$69.90-$59.80-$7.00-$7.80-$10.10-$2.08-$1.07-$0.86
Filing10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Revenue by product or service FY2024 to FY2025

FY2024FY2025Share
of the parts, latest year
Product revenue11114786.5%
Royalties0.022.813.5%
Product revenueRoyalties
111FY2024169FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2024 to FY2025

FY2024FY2025Share
of the parts, latest year
Americas58.492.154.4%
Asia and Pacific20.254.232.0%
Europe, Middle East and Africa32.523.113.6%
AmericasAsia and PacificEurope, Middle East and Africa
111FY2024169FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow-40.2-42.1-71.1-111-138-33.7-40.0-53.8
Capital expenditure7.53.54.35.43.03.824.928.7
Free cash flow-47.7-45.6-75.3-116-141-37.5-64.8-82.5
Free cash flow margin-417.8%-241.4%-224.4%-283.0%-169.2%-33.7%-38.3%-40.2%
Cash from investing-7.5-3.5-15.2-5.150.614.7-36.3-72.4
Cash from financing50.539.925855.615.715.497.6141
Depreciation and amortisation2.03.75.59.517.19.87.810.1
Share-based compensation1.212.125.433.357.740.540.838.0
Buybacks0.00.00.00.00.0n/an/an/a
Diluted shares, weighted739,0462m13m18m37m47m56m66m
Shares outstanding at period endn/a3m17m19m43m53m61m68m
Filing10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity-100-75.9261172180181262371
Redeemable equityn/a39.20.00.0n/an/an/an/a
Debtn/a7.10.039.644.00.00.00.0
Operating lease liabilitiesn/a11.916.213.418.813.112.911.6
Other liabilitiesn/a64.130.831.588.382.274.891.9
Total liabilities and equityn/a46.4308256331276350475
Owned
Fixed assetsn/a9.710.19.710.210.231.935.2
Goodwilln/a0.051.151.20.0n/a0.038.5
Intangible assetsn/a0.022.718.224.417.813.332.9
Investmentsn/an/an/a0.0139126141169
Cash and equivalents16.811.418312351.045.567.491.8
Receivablesn/a2.310.711.214.617.927.822.1
Inventoryn/a4.87.419.523.216.423.631.4
Other assetsn/a18.223.123.468.141.844.453.5
Total assetsn/a46.4308256331276350475
Filing10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a55.0%60.4%62.8%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/a-80.3%-95.0%-23.1%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Ouster's revenue in fiscal 2025?

Ouster (OUST) reported revenue of $169 million for fiscal 2025, the year ended 31 December 2025, up 52.5% on the year before.

How much did Ouster earn in fiscal 2025?

Net loss was $60 million for fiscal 2025, and the diluted loss per share $1.07.

What is Ouster's market cap?

The market cap of Ouster was $2.2 billion at the close of 27 October 2026.

How much debt does Ouster have?

At 30 June 2026 Ouster carried $0 million of debt and $92 million of cash.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Nordson Corp. NDSN$18.1 billion32.8117.0%26.9%7.0%0.531.0%
Regal Rexnord Corp. RRX$10.5 billion32.664.7%11.7%3.5%0.670.9%
Esab Corp. ESAB$4.3 billion24.836.8%12.1%9.7%0.940.6%
Standex International Corp. SXI$2.9 billion28.0013.9%21.7%12.8%0.690.6%
Hayward Holdings, Inc. HAYW$2.8 billion17.5910.1%21.1%7.8%0.600.0%
Veeco Instruments Inc. VECO$2.7 billion121.792.6%2.7%-2.5%0.25n/a
Kennametal Inc. KMT$2.3 billion6.7921.8%20.1%19.8%0.462.7%
Ouster, Inc. OUST$2.2 billionn/a-14.4%-30.6%62.8%0.00n/a
Innovex International, Inc. INVX$2.1 billion35.015.8%10.0%15.0%0.02n/a
Gorman Rupp Co. GRC$2.0 billion26.8316.0%16.1%6.5%0.540.8%
Enerpac Tool Group Corp. EPAC$1.8 billion19.9922.0%21.2%4.3%0.440.1%
Alamo Group Inc. ALG$1.8 billion17.498.5%8.9%4.1%0.220.9%
All 64 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ASML Holding N.V. ASML *$630.4 billion59.1149.0%34.6%15.6%0.220.5%
Caterpillar Inc. CAT$328.0 billion30.7255.9%17.5%18.4%2.330.8%
Lam Research Corp. LRCX$300.8 billion35.8960.8%37.0%33.4%0.270.5%
Deere & Co. DE$172.4 billion35.5217.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$149.2 billion39.0918.9%n/a15.5%1.021.1%
Johnson Controls International plc JCI$94.4 billion27.1126.5%n/a6.8%0.701.0%
Illinois Tool Works Inc. ITW$78.6 billion25.01110.3%26.5%4.3%3.352.3%
Cummins Inc. CMI$73.0 billion27.1021.1%11.2%2.9%0.601.5%
Baker Hughes Co. BKR$58.5 billion19.0115.6%n/a0.4%0.82n/a
Carrier Global Corp. CARR$47.7 billion39.889.1%7.8%-1.6%0.891.2%
Ingersoll Rand Inc. IR$29.3 billion31.099.4%18.1%7.8%0.47n/a
TechnipFMC plc FTI$28.0 billion24.7835.9%16.0%9.9%0.120.3%
Dover Corp. DOV$27.4 billion24.1715.3%17.0%8.2%0.431.0%
nVent Electric plc NVT$21.8 billion36.7515.0%17.1%46.2%0.370.6%
Xylem Inc. XYL$21.3 billion20.5410.5%15.1%1.9%0.281.8%
Nordson Corp. NDSN$18.1 billion32.8117.0%26.9%7.0%0.531.0%
Zebra Technologies Corp. ZBRA$18.1 billion34.9115.7%14.7%12.7%0.81n/a
Curtiss Wright Corp. CW$17.6 billion32.8319.5%18.8%10.5%0.350.2%
ITT Inc. ITT$17.4 billion38.128.8%14.4%28.1%0.780.8%
Idex Corp. IEX$17.2 billion33.5213.0%20.7%7.3%0.471.2%
RBC Bearings Inc. RBC$15.8 billion47.759.3%23.6%17.3%0.230.0%
Lincoln Electric Holdings Inc. LECO$15.3 billion27.0837.0%17.3%11.1%0.741.1%
CNH Industrial N.V. CNH$13.8 billion44.544.0%n/a0.6%3.332.2%
Lennox International Inc. LII$12.9 billion16.8360.8%19.7%-2.1%1.221.4%
BWX Technologies, Inc. BWXT$12.3 billion34.7226.6%12.1%22.7%1.510.7%
Moog Inc. MOG.A$11.3 billion30.0817.0%13.3%15.6%0.410.3%
Graco Inc. GGG$10.7 billion21.3721.0%26.8%5.4%0.051.8%
Regal Rexnord Corp. RRX$10.5 billion32.664.7%11.7%3.5%0.670.9%
Pentair plc PNR$9.9 billion16.5315.9%19.6%-3.9%0.381.6%
Donaldson Co. Inc. DCI$9.9 billion22.2025.7%15.4%5.3%0.751.4%
Toro Co. TTC$9.9 billion27.9627.2%10.3%5.2%0.721.5%
Flowserve Corp. FLS$9.0 billion24.8616.4%8.5%-0.3%0.941.2%
SPX Technologies, Inc. SPXC$8.3 billion29.6811.9%16.2%20.6%0.260.5%
Zurn Elkay Water Solutions Corp. ZWS$8.1 billion28.8017.2%22.1%10.1%0.300.9%
Timken Co. TKR$7.8 billion30.648.1%10.5%5.5%0.651.2%
NOV Inc. NOV$7.3 billion79.041.5%5.1%-1.7%0.272.0%
Agco Corp. AGCO$7.2 billion14.3113.1%5.8%1.7%0.671.1%
Gates Industrial Corp. Ltd. GTES$6.5 billion18.3310.3%13.3%3.3%0.63n/a
Weatherford International plc WFRD$6.5 billion15.9820.7%12.4%-5.7%0.761.2%
Aaon, Inc. AAON$6.3 billion39.5015.8%11.0%53.5%0.430.5%
JBT Marel Corp. JBTM$5.6 billion29.514.3%7.3%44.9%0.380.4%
Middleby Corp. MIDD$5.2 billionn/a-21.3%16.5%8.4%0.90n/a
Solaris Energy Infrastructure, Inc. SEI$5.2 billion76.826.1%24.3%70.5%2.760.7%
Cactus, Inc. WHD$4.6 billion56.0113.2%18.6%21.8%0.000.9%
Brunswick Corp. BC$4.4 billionn/a-5.1%-0.4%10.5%1.252.5%
Esab Corp. ESAB$4.3 billion24.836.8%12.1%9.7%0.940.6%
Alliance Laundry Holdings Inc. ALH$4.3 billion23.5235.6%19.1%n/an/a0.0%
ACM Research, Inc. ACMR$3.7 billion24.738.1%13.3%27.3%0.18n/a
Axcelis Technologies Inc. ACLS$3.5 billion38.098.7%10.3%-3.3%0.00n/a
Kadant Inc. KAI$3.2 billion28.9010.7%15.0%12.5%0.500.5%
Dnow Inc. DNOW$3.0 billionn/an/an/a69.8%0.23n/a
Standex International Corp. SXI$2.9 billion28.0013.9%21.7%12.8%0.690.6%
Hayward Holdings, Inc. HAYW$2.8 billion17.5910.1%21.1%7.8%0.600.0%
Veeco Instruments Inc. VECO$2.7 billion121.792.6%2.7%-2.5%0.25n/a
Kennametal Inc. KMT$2.3 billion6.7921.8%20.1%19.8%0.462.7%
Ouster, Inc. OUST$2.2 billionn/a-14.4%-30.6%62.8%0.00n/a
Innovex International, Inc. INVX$2.1 billion35.015.8%10.0%15.0%0.02n/a
Gorman Rupp Co. GRC$2.0 billion26.8316.0%16.1%6.5%0.540.8%
Enerpac Tool Group Corp. EPAC$1.8 billion19.9922.0%21.2%4.3%0.440.1%
Alamo Group Inc. ALG$1.8 billion17.498.5%8.9%4.1%0.220.9%
Azenta, Inc. AZTA$1.7 billionn/a-8.1%-28.6%4.8%0.000.3%
Tennant Co. TNC$1.1 billion64.903.4%3.2%-2.9%0.671.8%
Lindsay Corp. LNN$1.1 billion19.5711.0%10.5%-6.0%0.231.4%
Astec Industries Inc. ASTE$884 million45.252.8%3.4%18.7%0.571.4%
3 companies share its SEC industry code (General Industrial Machinery & Equipment, Nec); the rest are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-K31 December 20252 March 2026EDGAR
10-Q/A30 September 20257 November 2025EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 202511 August 2025EDGAR
10-Q31 March 20259 May 2025EDGAR
10-K31 December 202421 March 2025EDGAR
10-Q30 September 20248 November 2024EDGAR
10-Q30 June 202414 August 2024EDGAR