OUSTNasdaqGeneral Industrial Machinery & Equipment, NECFiscal year ends December 31
Ouster, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$28.86+0.43 (+1.51%)
Close on Oct 19, 2026
- Market cap
- $1.90B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
49.3%+41.3 pts over 5 years
Operating margin
-43.7%+230.1 pts over 5 years
Net margin
-35.6%+529.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +52.5% | +60.4% | +55.0% | – | |
| Gross profit | +106.2% | +96.9% | +123.0% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 121.2% | -27.3% | |
| Return on assets | – | – | -19.3% | |
| Current ratio | – | 1.01 | 3.93 | |
| Debt to equity | – | – | – | |
| Net debt to EBITDA | – | – | – | |
| Interest coverage | – | -20.6× | – | |
| Inventory turnover | – | – | 4.3× | |
| Capex to revenue | – | 18.6% | 14.7% | |
| Diluted shares | – | 2M | 56M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ouster generated $393.29M from operations and spent $41.45M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$393.29M
Used
$41.45M
Capital expenditure$41.36M100%Dividends$00%Share buybacks$90.00K0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-35.6%
×Asset turnover0.54×
×Equity multiplier1.41×
=Return on equity, FY2025-27.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -35.6% | 0.54× | 1.41× | -27.3% |
| FY2024 | -87.3% | 0.37× | 1.68× | -53.8% |
| FY2023 | -449.2% | 0.28× | 1.67× | -213.0% |
| FY2022 | -337.7% | 0.15× | 1.30× | -64.1% |
| FY2021 | -279.9% | 0.19× | 1.92× | -101.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$60.38M
- Cash generatingOperating cash flow above zero-$39.96M
- Return on assets improvedROA up on the prior year-29.3% → -21.9%
- Earnings backed by cashOperating cash flow above net income-$39.96M vs -$60.38M
- Less leverageLong-term debt to assets fell0.0% → –
- Better liquidityCurrent ratio rose2.80 → 3.93
- No dilutionShare count did not rise47M → 56M
- Gross margin improvedGross margin up on the prior year36.42% → 49.26%
- More efficientAsset turnover rose0.34 → 0.61