Ouster, Inc. income statement
In fiscal 2025, Ouster, Inc. reported revenue of $169m, up 52.5% on the year before, operating income of −$74.0m (a -43.7% margin) and net income of −$60.4m, or −$1.07 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11 | 19 | 34 | 41 | 83 | 111 | 169 | 205 |
| Cost of revenue | 17 | 17 | 24 | 30 | 75 | 71 | 86 | 103 |
| Gross profit | −6 | 2 | 9 | 11 | 8 | 40 | 83 | 102 |
| Research and development | 23 | 23 | 35 | 64 | 91 | 58 | 65 | 68 |
| Selling and marketing | 5 | 9 | 22 | 31 | 42 | 28 | 28 | 31 |
| General and administrative | 15 | 21 | 52 | 61 | 82 | 59 | 65 | 65 |
| Operating income | −48 | −52 | −100 | −145 | −373 | −104 | −74 | −63 |
| Interest expense | 4 | 3 | 1 | 3 | 9 | 2 | 0 | — |
| Income before tax | −52 | −106 | −97 | −138 | −374 | −97 | −63 | −52 |
| Income tax | 0 | 0 | −3 | 0 | 1 | 1 | −3 | 1 |
| Net income | −52 | −107 | −94 | −139 | −374 | −97 | −60 | −53 |
| Diluted EPS | −$34.95 | −$29.90 | −$0.35 | −$3.90 | −$10.10 | −$2.08 | −$1.07 | −$0.87 |
| Diluted shares (average) | 1m | 4m | 27m | 36m | 37m | 47m | 56m | 62m |
| EBITDA | −46 | −48 | −94 | −136 | −356 | −94 | −66 | −53 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28 | 30 | 33 | 35 | 40 | 62 | 49 | 55 |
| Cost of revenue | 17 | 17 | 19 | 19 | 23 | 25 | 28 | 28 |
| Gross profit | 11 | 13 | 13 | 16 | 17 | 37 | 21 | 27 |
| Research and development | 15 | 15 | 15 | 17 | 18 | 15 | 16 | 19 |
| Selling and marketing | 7 | 7 | 6 | 7 | 7 | 7 | 8 | 9 |
| General and administrative | 16 | 17 | 16 | 19 | 16 | 15 | 16 | 18 |
| Operating income | −28 | −26 | −24 | −27 | −24 | 1 | −19 | −20 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | — | — |
| Income before tax | −26 | −23 | −22 | −24 | −22 | 4 | −17 | −18 |
| Income tax | −0 | 0 | 0 | −4 | 0 | 0 | 1 | 0 |
| Net income | −26 | −24 | −22 | −21 | −22 | 4 | −17 | −18 |
| Diluted EPS | −$0.54 | −$0.46 | −$0.42 | −$0.38 | −$0.37 | $0.10 | −$0.28 | −$0.27 |
| EBITDA | −25 | −24 | −22 | −25 | −22 | 3 | −17 | −17 |
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