Ouster, Inc. (OUST) AI Stock Analysis
OUST AI stock analysis summary
AI ResearchOuster, Inc. designs and manufactures digital lidar sensors and software for 3D vision applications. In FY2025, revenue grew 52.5% to $169.4M, and trailing twelve months revenue reached $204.9M. While the company recorded net income of -$60.4M in FY2025, it maintains a strong liquidity cushion with $261.1M in cash and short-term investments as of June 30, 2026.
- Market cap
- $2.05B
- Revenue (TTM)
- $204.9M
- P/E
- —
- 1Y return
- -9.8% S&P 500 16.8%
- Avg. target
- $59.40 108.9% vs last close
Bull case
- Revenue growth accelerated to 55.9% year-over-year in the quarter ended June 30, 2026.
- Gross margin expanded substantially to 49.3% in FY2025, up from 11.6% in FY2023.
- The balance sheet is well-capitalized with $244.7M in net cash and a current ratio of 4.16 as of June 30, 2026.
Bear case
- The company continues to lose money, posting net income of -$60.4M in FY2025 and trailing twelve months EPS of -$0.83.
- Free cash flow remained negative at -$64.8M in FY2025, driven by operating cash outflows and $24.9M in capital expenditures.
- Shareholders have faced substantial dilution, evidenced by a 297.9% increase in the share count over five years.
What Ouster does
Ouster, Inc. specializes in the design and production of advanced digital lidar sensors and accompanying software solutions, providing 3D vision capabilities to machinery, vehicles, robots, and fixed infrastructure assets. The company's hardware portfolio includes the OS series scanning sensors for high-resolution imaging and the DF series solid-state flash sensors. Headquartered in San Francisco, California, Ouster serves markets spanning autonomous vehicles, industrial automation, smart cities, and infrastructure monitoring. The company also supplies enabling software that optimizes data processing, visualization, and application integration across customer deployments.
Growth and profitability
Ouster grew annual revenue from $33.6M in FY2021 to $169.4M in FY2025, reflecting a 5-year revenue CAGR of 55.0%. Revenue increased 52.5% in FY2025 following 33.4% growth in FY2024. Gross margin improved to 49.3% in FY2025 from 36.4% in FY2024 and 11.6% in FY2023. Operating margin was -43.7% in FY2025, narrowing from -93.8% in FY2024, while net income was -$60.4M compared to -$97.0M in FY2024. For the latest quarter ended June 30, 2026, revenue increased 55.9% year-over-year, lifting trailing twelve months revenue to $204.9M alongside an operating margin of -46.6%.
Balance sheet and cash flow
As of June 30, 2026, Ouster held $261.1M in cash and short-term investments against $16.4M in total debt, resulting in net cash of $244.7M. Liquidity is supported by a current ratio of 4.16 and a debt-to-equity ratio of 0.04. Shareholders' equity was $371.3M out of $474.8M in total assets. In FY2025, operating cash flow was -$40.0M and free cash flow was -$64.8M, with capital expenditures totaling $24.9M. Over the past 5 years, the company's share count increased 297.9%.
Valuation and performance
Trading at $28.43 as of October 16, 2026, Ouster has a market cap of $2.05B and an enterprise value of $2.60B. The stock trades at a price-to-sales multiple of 10.0x and an EV-to-revenue multiple of 12.7x, well above the 2.8x price-to-sales median of its US-listed Technology peers. Over the past year, Ouster fell 9.8%, while the S&P 500 (SPY) returned 16.8%. Over 5 years, the stock returned -59.0% compared to an 83.0% gain for the S&P 500. The stock has a beta of 3.23 and trades 11.7% below its 200-day average.
What analysts expect
Wall Street analysts hold 5 Strong Buy and 1 Hold ratings on Ouster. The mean price target is $59.40, which is 108.9% above the last close of $28.43. For the fiscal year ending December 31, 2026, analysts estimate revenue of $221.5M and an EPS of -$0.34, representing 60.1% EPS growth. For the next fiscal year, 4 analysts estimate revenue of $299.4M and an EPS of -$0.12. Ouster has beaten EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 3, 2026.
Key risks and what to watch
- Share price volatility is high, as reflected by a beta of 3.23 and a 52-week trading range between $16.40 and $63.79.
- Operating margin was -46.6% over the trailing twelve months, showing that expenses remain significantly higher than revenues.
- Short interest stands at 10.5% of float as of October 16, 2026, indicating notable negative market sentiment.
- The stock's price-to-sales multiple of 10.0x is substantially higher than the US-listed Technology peer median of 2.8x.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this OUST AI stock analysis
This page is an AI-written research summary of Ouster, Inc. (OUST). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: OUST income statement, OUST balance sheet, OUST key metrics, OUST analyst forecast, OUST chart. See the OUST stock overview for the latest quote and news.
OUST AI stock analysis FAQ
Does Ouster pay a dividend?
No, Ouster does not pay a dividend. The company directs its capital toward operations, product development, and capital expenditures, which totaled $24.9M in FY2025.
When is Ouster's next earnings report?
Ouster is scheduled to report earnings on November 3, 2026. Analysts forecast FY2026 revenue of $221.5M and an EPS of -$0.34.
What is Ouster's financial position regarding cash and debt?
As of June 30, 2026, Ouster had $261.1M in cash and short-term investments against $16.4M in total debt, leaving net cash of $244.7M. Its debt-to-equity ratio was 0.04.
What is the consensus analyst target price for OUST stock?
The mean analyst price target is $59.40, representing an upside of 108.9% from the October 16, 2026 closing price of $28.43. The stock has 5 Strong Buy and 1 Hold ratings.