Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Ouster, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
11.4
18.9
33.6
41
83.3
111
169
Cost of revenue
17.4
17.4
24.5
30.1
75
70.6
85.9
Gross profit
-6.02
1.51
9.09
10.9
8.31
40.5
83.4
Research and development
23.3
23.3
34.6
64.3
91.2
58.1
65.2
Selling and marketing
4.51
9
22.3
30.8
41.6
27.9
27.6
General and administrative
14.5
21
52
61.2
82
58.7
64.6
Operating expenses
42.3
53.3
109
156
382
145
157
Operating income
-48.4
-51.8
-99.7
-145
-373
-104
-74
Interest expense
3.58
2.52
0.5
2.69
9.3
1.82
0
Interest income
0.28
0.02
0.47
2.21
9.04
8.85
9.49
Other non-operating income
-3.3
-54.6
2.94
7.17
-0.4
7.67
10.7
Pre-tax income
-51.7
-106
-96.8
-138
-374
-96.5
-63.3
Income tax
0
0.38
-2.79
0.31
0.52
0.54
-2.94
Net income
-51.7
-107
-94
-139
-374
-97
-60.4
EBITDA
-46.3
-48
-94.2
-136
-356
-94.3
-66.2
EPS, basic
-69.81
-59.72
-6.99
-7.79
-10.10
-2.08
-1.07
EPS, diluted
-69.81
-59.72
-6.99
-7.79
-10.10
-2.08
-1.07
Shares, basic (weighted)
0.74
1.79
13.4
17.8
37
46.6
56.3
Shares, diluted (weighted)
0.74
1.79
13.4
17.8
37
46.6
56.3
Balance sheet
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
16.8
11.4
183
123
51
45.5
67.4
Short-term investments
0
139
126
141
Receivables
2.33
10.7
11.2
14.6
17.9
27.8
Inventory
4.82
7.45
19.5
23.2
16.4
23.6
Other current assets
2.44
0.9
2.07
3.22
1.27
3.64
Total current assets
21.2
207
162
263
220
279
Property, plant and equipment
9.73
10.1
9.7
10.2
10.2
31.9
Lease right-of-use assets
11.1
15.2
13
18.6
14.3
13.5
Goodwill
0
51.1
51.2
0
0
Intangible assets
0
22.7
18.2
24.4
17.8
13.3
Other non-current assets
3.39
0.37
0.54
2.7
2.03
2.31
Total assets
46.4
308
256
331
276
350
Accounts payable
6.89
4.86
8.8
3.55
6.29
20
Accrued liabilities
4.12
14.2
17.1
58.2
30.6
26.2
Deferred revenue
0.17
0.4
12.9
34.4
20.7
Total current liabilities
20.9
22.1
29.5
81.7
78.4
71
Long-term debt
0
39.6
44
0
Lease liabilities
11.9
16.2
13.4
18.8
13.1
12.9
Other non-current liabilities
0.98
1.07
1.71
1.61
1.22
0.7
Total liabilities
83.1
47
84.5
151
95.2
87.8
Total debt
0
39.6
44
0
Paid-in capital
133
564
614
995
1,095
1,236
Retained earnings
-209
-303
-442
-816
-913
-973
Other comprehensive income
0
-0.01
-0.15
0.19
-1
-0.44
Shareholders' equity
-100
-75.9
261
172
180
181
262
Total equity
-100
-75.9
261
172
180
181
262
Total liabilities and equity
46.4
308
256
331
276
350
Shares outstanding
3.34
17.2
18.7
43.3
52.6
60.9
Cash flow statement
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-51.7
-107
-94
-139
-374
-97
-60.4
Depreciation and amortization
2.03
3.72
5.48
9.46
17.1
9.84
7.78
Stock-based compensation
1.24
12.1
25.4
33.3
57.7
40.5
40.8
Deferred income tax
0
0.35
-2.83
0
0.03
0.19
0.27
Change in receivables
-0.59
-1.46
-8.01
-0.86
3.57
-1.72
-8.02
Change in inventory
-5.38
-3.15
-3.44
-13.7
-4.05
4.74
-6.78
Change in payables
2.11
0.14
-2.44
4.19
-8.52
2.48
13.2
Cash from operations
-40.2
-42.1
-71.1
-111
-138
-33.7
-40
Capital expenditures
-7.49
-3.51
-4.28
-5.42
-3.01
-3.76
-24.9
Acquisitions
0
0
-10.9
0
Purchases of investments
0
-137
-145
-150
Cash from investing
-7.49
-3.51
-15.2
-5.15
50.6
14.7
-36.3
Debt repaid
0
-44
Stock issued
0.01
1.34
0.53
0.47
0.27
0.21
0.08
Share buybacks
0
0
-0.05
-0.05
0
Cash from financing
50.5
39.9
258
55.6
15.7
15.4
97.6
Exchange rate effect
0
0
-0.14
-0.01
-0.89
0.48
Net change in cash
2.82
-5.76
172
-60.4
-71.6
-4.54
21.9
Free cash flow
-47.7
-45.6
-75.3
-116
-141
-37.5
-64.8
Interest paid
0.79
1.23
0.64
1.74
5.12
2.07
0
Income taxes paid
0.4
-0.69
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $43.72 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
49.6%
Gross profit / revenue.
Operating margin
-30.6%
Operating income / revenue.
EBITDA margin
-25.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-25.5%
Pre-tax income / revenue.
Net margin
-26.0%
Net income / revenue.
FCF margin
-40.2%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-26.3%
Cash from operations / revenue.
Return on equity (ROE)
-14.4%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-11.2%
Net income / average total assets.
Return on invested capital (ROIC)
-17.7%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
33.4%
Research and development expense / revenue.
Stock-based pay / revenue
18.5%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
14.0%
Capital expenditures / revenue.
D&A / revenue
4.9%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
52.5%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
60.4%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
55.0%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
106.2%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
96.9%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
123.0%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
44.7%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
15.1%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
26.6%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
10.9%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
49.7%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
20.9%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
46.8%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
99.4%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
4.16x
Current assets / current liabilities.
Quick ratio
3.41x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
3.14x
(Cash + short-term investments) / current liabilities.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.81
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$3.11
Revenue / diluted weighted shares.
FCF per share
-$1.25
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.82
Cash from operations / diluted weighted shares.
Book value per share
$5.42
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
15.4x
Market cap / revenue.
P/B
8.49x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
10.5x
Market cap / tangible book value, when positive.
EV/Sales
14.1x
Enterprise value / revenue.
FCF yield
-2.6%
Free cash flow / market cap.
Earnings yield
-1.7%
Net income / market cap (the inverse of P/E).
What was Ouster, Inc.'s revenue in fiscal 2025?
Ouster, Inc. reported revenue of $169.4M for fiscal 2025, 52.5% higher than the year before.
Was Ouster, Inc. profitable in fiscal 2025?
No. It reported a net loss of $60.4M.
How much free cash flow did Ouster, Inc. generate in fiscal 2025?
Cash from operations of $40.0M minus capital expenditures of $24.9M left free cash flow of -$64.8M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.