Ouster, Inc. (OUST) Income Statement
OUST 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsOUST revenue and net income
Where OUST's revenue goes
2025Each bar shows an amount and its share of revenue. OUST kept −35.6% of revenue as net income.
OUST profit margins
OUST growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +52.5% | +60.4% | +55.0% | — |
| Gross profit | +106.2% | +96.9% | +123.0% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
OUST quarterly EPS vs estimates
Ouster beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 3, 2026 (estimate $-0.30).
OUST income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $169.4M | $111.1M | $83.3M | $41.0M | $33.6M | $18.9M | $11.4M | $1.3M |
| Cost of revenue | $85.9M | $70.6M | $73.6M | $30.1M | $24.5M | $17.4M | $17.4M | $3.5M |
| Gross profit | $83.4M | $40.5M | $9.7M | $10.9M | $9.1M | $1.5M | −$6.0M | −$2.2M |
| Research & development | $65.2M | $58.1M | $91.2M | $64.3M | $34.6M | $23.3M | $23.3M | $20.3M |
| Sales, general & admin | $92.3M | $86.6M | $123.6M | $92.0M | $74.2M | $30.0M | $19.1M | $9.5M |
| Total operating expenses | $157.4M | $144.6M | $382.9M | $156.4M | $108.8M | $53.3M | $42.3M | $29.8M |
| Operating income | −$74.0M | −$104.2M | −$373.2M | −$145.4M | −$99.7M | −$51.8M | −$48.4M | −$29.7M |
| Interest income | $9.5M | $8.8M | $7.4M | $2.2M | $471,000 | $61,050 | $278,000 | — |
| Interest expense | $0 | $1.8M | $9.3M | $2.7M | $504,000 | $2.5M | $3.6M | $0 |
| Income before taxes | −$63.3M | −$96.5M | −$373.6M | −$138.3M | −$96.8M | −$106.4M | −$51.7M | −$32.8M |
| Income taxes | −$2.9M | $537,000 | $523,000 | $305,000 | −$2.8M | $375,000 | $1,000 | $1,000 |
| Net income | −$60.4M | −$97.0M | −$374.1M | −$138.6M | −$94.0M | −$106.8M | −$51.7M | −$32.8M |
| EBITDA | −$50.4M | −$79.9M | −$342.6M | −$123.4M | −$88.7M | −$98.3M | −$46.0M | −$28.6M |
| EPS (diluted) | −$0.78 | −$1.83 | −$4.75 | −$5.61 | −$9.73 | −$8.23 | −$47.04 | — |
| Gross margin | 49.3% | 36.4% | 11.6% | 26.6% | 27.1% | 8.0% | −52.7% | −163.3% |
| Operating margin | −43.7% | −93.8% | −448.1% | −354.4% | −297.0% | −273.8% | −423.8% | −2,209.1% |
| Net margin | −35.6% | −87.3% | −449.2% | −337.7% | −279.9% | −564.9% | −452.7% | −2,439.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $54.6M | $48.6M | $62.2M | $39.5M | $35.0M | $32.6M | $30.1M | $28.1M | $27.0M | $25.9M | $24.4M | $22.2M |
| Cost of revenue | $27.9M | $27.7M | $24.7M | $22.9M | $19.2M | $19.1M | $16.9M | $17.3M | $17.9M | $18.5M | $19.0M | $19.1M |
| Gross profit | $26.7M | $20.8M | $37.5M | $16.7M | $15.8M | $13.5M | $13.2M | $10.8M | $9.1M | $7.4M | $5.4M | $3.1M |
| Research & development | $19.3M | $16.1M | $15.3M | $17.8M | $17.1M | $15.0M | $14.7M | $15.1M | $14.4M | $13.8M | $15.6M | $16.7M |
| Sales, general & admin | $27.4M | $24.0M | $21.3M | $23.1M | $25.5M | $22.3M | $24.1M | $23.1M | $19.9M | $19.4M | $27.1M | $22.2M |
| Total operating expenses | $46.7M | $40.0M | $36.5M | $40.9M | $42.7M | $37.3M | $38.8M | $38.3M | $34.3M | $33.2M | $42.7M | $38.8M |
| Operating income | −$20.0M | −$19.2M | $904,000 | −$24.3M | −$26.8M | −$23.8M | −$25.6M | −$27.5M | −$25.2M | −$25.8M | −$37.3M | −$35.7M |
| Interest income | $2.1M | $2.5M | $2.7M | $2.4M | $2.6M | $1.7M | $1.8M | $2.1M | $2.3M | $2.7M | $2.6M | $2.5M |
| Interest expense | — | — | $0 | $0 | $0 | $0 | $3.6M | $342,000 | $740,000 | $741,000 | $4.1M | $1.8M |
| Income before taxes | −$18.0M | −$16.9M | $4.4M | −$21.7M | −$24.2M | −$21.8M | −$23.4M | −$25.6M | −$23.7M | −$23.7M | −$38.8M | −$35.1M |
| Income taxes | $125,000 | $552,000 | $414,000 | $72,000 | −$3.6M | $195,000 | $320,000 | −$37,000 | $123,000 | $131,000 | $174,000 | $17,000 |
| Net income | −$18.1M | −$17.5M | $4.0M | −$21.7M | −$20.6M | −$22.0M | −$23.7M | −$25.6M | −$23.9M | −$23.8M | −$39.0M | −$35.1M |
| EBITDA | −$13.9M | −$13.4M | $7.7M | −$18.2M | −$21.1M | −$18.8M | −$20.1M | −$21.6M | −$19.3M | −$18.9M | −$30.6M | −$28.3M |
| EPS (diluted) | −$0.26 | −$0.25 | $0.07 | −$0.16 | −$0.38 | −$0.31 | −$0.37 | −$0.45 | −$0.50 | −$0.51 | −$0.95 | −$0.76 |
| Gross margin | 48.9% | 42.9% | 60.2% | 42.1% | 45.2% | 41.3% | 43.8% | 38.3% | 33.7% | 28.6% | 22.1% | 13.9% |
| Operating margin | −36.7% | −39.5% | 1.5% | −61.4% | −76.5% | −73.0% | −85.1% | −98.0% | −93.6% | −99.5% | −152.6% | −160.9% |
| Net margin | −33.2% | −36.0% | 6.4% | −55.0% | −58.8% | −67.5% | −78.9% | −91.1% | −88.4% | −91.9% | −159.5% | −158.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in OUST's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
OUST financial results
In fiscal year 2025 (ended December 31, 2025), Ouster reported revenue of $169.4 million, up 52.5% from the year before. It had a net loss of $60.4 million, a net profit margin of −35.6%. Diluted earnings per share came to −$0.78. Over five years revenue grew at an average rate of 55.0% a year.
See the OUST stock overview for the latest quote and news, or the OUST chart for price history and technical indicators.
OUST income statement FAQ
What is Ouster's annual revenue?
Ouster reported total revenue of $169.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 52.5% from $111.1 million the previous year.
Is Ouster profitable?
No. Ouster reported a net loss of $60.4 million in fiscal 2025, a net profit margin of −35.6%; its operating margin was −43.7%.
What is Ouster's gross margin?
Ouster's gross margin was 49.3% in fiscal 2025: for every $100 of revenue, Ouster kept $49 after the direct cost of its products and services.
How much does Ouster spend on research and development?
Ouster spent $65.2 million on research and development in fiscal 2025, 38.5% of revenue.
How fast is Ouster growing?
Revenue grew 55.0% a year on average over the last five fiscal years, from $18.9 million to $169.4 million.
What are Ouster's earnings per share?
Ouster earned $-0.78 per diluted share in fiscal 2025, compared with $-1.83 a year earlier.
When will Ouster report its next earnings?
Ouster is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Ouster's fiscal year end?
Ouster's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.