Ouster, Inc.

Listed Company

OUSTCIK 0001816581NasdaqNon-AcceleratedSmaller ReportingGeneral Industrial Machinery & Equipment, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$169.38M

Net Income

$-60.38M

Total Assets

$349.52M

Equity

$261.74M

Shares Out

62.80M

Op. Cash Flow

$-39.96M

Business

Ouster, Inc. designs, develops, and supplies digital and analog lidar sensors and perception solutions for autonomy and 3D vision applications. Its main products include high-resolution scanning OS sensors, developing solid-state DF flash sensors, Velodyne scanning sensors, embedded software, and platforms such as Ouster Gemini and BlueCity for perception and analytics. The company targets four business segments—automotive, industrial (including material handling and off‑highway equipment), robotics, and smart infrastructure. It sells globally through direct sales and an international distributor network across the Americas, Europe, and Asia‑Pacific.

Summary from filing dated 2025-03-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	169	111	83	41	34
Cost of revenue	86	71	75	30	24
Gross profit	83	40	8	11	9
Research and development	65	58	91	64	35
Sales and marketing	28	28	42	31	22
General and administrative	65	59	82	61	52
Total operating expenses	157	145	382	156	109
Loss from operations	−74	−104	−373	−145	−100
Interest income	9	9	9	2	471,000
Interest expense	0	−2	−9	—	—
Other income (expense), net	1	646,000	−130,000	8	3
Total other income (expense), net	11	8	−395,000	7	3
Loss before income taxes	−63	−97	−374	−138	−97
Provision for (benefit from) income tax	−3	537,000	523,000	305,000	−3
Net loss	−60	−97	−374	−139	−94
Changes in unrealized (loss) gain on available for sale securities	83,000	−386,000	354,000	0	—
Foreign currency translation adjustments	478,000	−809,000	−13,000	—	—
Total comprehensive loss	−60	−98	−374	−139	−94
Net loss per common share, basic (in dollars per share)	−1.07	−2.08	−10.1	−7.79	−0.7
Net loss per common share, diluted (in dollars per share)	−1.07	−2.08	−10.1	−7.79	−0.7
Weighted-average shares used to compute basic net loss per share (in shares)	56	47	37	18	134
Weighted-average shares used to compute diluted net loss per share (in shares)	56	47	37	18	134

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	67	46	51	123	183
Restricted cash, current	1	722,000	552,000	257,000	977,000
Short-term investments	141	126	139	0	—
Accounts receivable, net	28	18	15	11	11
Inventory	24	16	23	20	7
Prepaid expenses and other current assets	18	13	35	9	6
Total current assets	279	220	263	162	207
Property and equipment, net	32	10	10	10	10
Operating lease, right-of-use assets	13	14	19	13	15
Unbilled receivable, non-current portion	9	10	11	0	—
Intangible assets, net	13	18	24	18	23
Restricted cash, non-current	1	2	1	1	1
Other non-current assets	2	2	3	541,000	371,000
Total assets	350	276	331	256	308
Accounts payable	20	6	4	9	5
Accrued and other current liabilities	26	31	58	17	14
Contract liabilities, current	21	34	13	402,000	—
Operating lease liability, current portion	4	7	7	3	3
Total current liabilities	71	78	82	29	22
Operating lease liability, non-current portion	13	13	19	13	16
Contract liabilities, non-current portion	3	3	5	342,000	—
Other non-current liabilities	703,000	1	2	2	1
Total liabilities	88	95	151	85	47
Commitments and contingencies (Note 8)	—	—	—	—	—
Common stock, $0.0001 par value; 100,000,000 shares authorized at December 31, 2025 and 2024; 60,947,757 and 52,560,770 issued and outstanding at December 31, 2025 and 2024, respectively	48,000	47,000	42,000	19,000	17,000
Additional paid-in capital	1,236	1,095	995	614	564
Accumulated deficit	−973	−913	−816	−442	−303
Accumulated other comprehensive (loss) income	−442,000	−1	192,000	−149,000	−6,000
Total stockholders equity	262	181	180	172	261
Total liabilities and stockholders equity	350	276	331	256	308

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	8	10	17	9	5
Loss on write-off and disposal of property and equipment	113,000	401,000	—	—	—
Stock-based compensation	41	40	58	33	25
Reduction of revenue related to stock warrant issued to customer	3	892,000	528,000	0	—
Amortization of right-of-use asset	5	5	5	3	2
Non-cash interest income	−214,000	−619,000	−732,000	0	—
Accretion or amortization on short-term investments	−3	−5	−5	0	—
Change in fair value of warrant liabilities	−126,000	−103,000	49,000	−7	−3
(Recovery) provision for inventory write-down	−400,000	2	10	2	800,000
Provision (recovery of) for doubtful accounts	−8,000	−587,000	1	346,000	379,000
Realized gain on sale of investments	−12,000	−275,000	0	—	—
Accounts receivable	−8	−2	4	−856,000	−8
Inventory	−7	5	−4	−14	−3
Prepaid expenses and other assets	−4	21	−22	−3	350,000
Accounts payable	13	2	−9	4	−2
Accrued and other liabilities	−6	−28	8	3	9
Contract liabilities	−14	19	7	0	—
Operating lease liability	−7	−6	−6	−3	−2
Net cash used in operating activities	−40	−34	−138	−111	−71
Proceeds from sale of property & equipment	0	668,000	560,000	275,000	0
Purchases of property and equipment	−25	−4	−3	−5	−4
Purchase of short-term investments	−150	−145	−137	0	—
Proceeds from sales and maturities of short-term investments	138	162	158	0	—
Net cash provided by (used in) investing activities	−36	15	51	−5	−15
Proceeds from exercise of stock options	83,000	205,000	271,000	470,000	526,000
Proceeds from ESPP purchase	2	2	1	378,000	0
Payments received (remitted) to fund employees tax obligation for vested RSUs	410,000	0	—	—	—
Repayments of borrowings	0	−44	−44	—	—
Proceeds from the issuance of common stock under at-the-market offering, net of commissions and fees	96	58	15	16	0
At-the-market offering costs for the issuance of common stock	−421,000	−346,000	−363,000	−541,000	265,000
Net cash provided by financing activities	98	15	16	56	258
Effect of exchange rates on cash and cash equivalents	478,000	−886,000	−12,000	−143,000	0
Net increase (decrease) in cash, cash equivalents and restricted cash	22	−5	−72	−60	172
Cash paid for interest	0	2	5	2	635,000
Property and equipment purchases included in accounts payable and accrued liabilities	1	480,000	524,000	—	—
Right-of-use assets obtained in exchange for operating lease liabilities	7	0	—	571,000	6

Filings

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