Ouster, Inc.
- Open
- 45.51
- Day high
- 48.25
- Day low
- 43.71
- Prev close
- 43.41
- Volume
- 4.4M
- Mkt cap
- $3.0B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 11.0
- P/S
- 16.3
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$31.7M over the last 3 months (2 open-market buys, 37 sales)
- 🏛Institutions accumulating (13F)
Ouster, Inc. (OUST) is a Technology company listed on NASDAQ. The stock is up 76% over the past year. Over the trailing 3 months, insiders filed 2 open-market buys and 37 sales (SEC Form 4).
Ouster, Inc. (OUST) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
OUST earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $-0.12 | $-0.25 | -117.4% | $49M | +5.3% |
| Nov 4, 2025 | $-0.43 | $-0.37 | +14.0% | $40M | -3.9% |
| Aug 7, 2025 | $-0.45 | $-0.38 | +15.6% | $35M | -4.6% |
| May 8, 2025 | $-0.56 | $-0.42 | +25.0% | $33M | -3.4% |
| Mar 20, 2025 | $-0.23 | $-0.48 | -108.7% | $30M | -1.9% |
| Nov 7, 2024 | $-0.57 | $-0.54 | +5.3% | $28M | -6.4% |
| May 9, 2024 | $-0.72 | $-0.55 | +23.6% | $26M | +1.9% |
| Nov 9, 2023 | $-1.16 | $-0.89 | +23.3% | $22M | -8.7% |
| Aug 10, 2023 | $-1.48 | $-1.81 | -22.3% | $19M | +0.4% |
| May 11, 2023 | $-2.20 | $-3.36 | -52.7% | $17M | +3.6% |
| Mar 23, 2023 | $0.18 | $-2.30 | -1377.8% | $11M | -30.9% |
| Aug 4, 2022 | $-0.17 | $-1.60 | -841.2% | $10M | -6.0% |
OUST insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 8, 2026 | Heystee Susandirector | Grant | 660 | $49.83 |
| Jun 22, 2026 | Heystee Susandirector | Grant | 4,725 | — |
| Jun 22, 2026 | Tewksbury Ted L IIIdirector | Sell | 1,695 | $47.00 |
| Jun 22, 2026 | Tewksbury Ted L IIIdirector | Grant | 4,725 | — |
| Jun 22, 2026 | MADDOCK ERNEST Edirector | Grant | 4,725 | — |
| Jun 22, 2026 | Eyler Phillipdirector | Grant | 4,725 | — |
| Jun 22, 2026 | SKAGGS STEPHEN Adirector | Grant | 4,725 | — |
| Jun 22, 2026 | Correia Christinadirector | Grant | 4,725 | — |
| Jun 16, 2026 | Frichtl Markofficer: Chief Technology Officer | Sell | 18,414 | $38.82 |
| Jun 16, 2026 | Chung Meganofficer: General Counsel and Secretary | Sell | 11,261 | $38.82 |
| Jun 16, 2026 | SPENCER DARIENofficer: Chief Operating Officer | Sell | 12,559 | $38.82 |
| Jun 16, 2026 | Jacquemet Cyrilleofficer: Chief Revenue Officer | Sell | 8,723 | $38.82 |
| Jun 16, 2026 | Pacala Charles Angusdirector, officer: President and CEO | Sell | 29,797 | $38.82 |
| Jun 16, 2026 | Gianella Kenneth P.officer: Chief Financial Officer | Sell | 54,337 | $38.82 |
| May 27, 2026 | Frichtl Markofficer: Chief Technology Officer | Sell | 70,558 | $40.90 |
Source: OUST SEC Form 4 filings, latest Jul 8, 2026. For informational purposes only — not investment advice.
See the full OUST insider & 13F page →Ouster, Inc. company profile
Overview
Ouster, Inc. (NYSE:OUST) is a San Francisco-based technology company that designs and manufactures high-resolution digital lidar sensors and enabling software for autonomous vehicles, robotics, and smart infrastructure applications. Founded in 2015, the company went public in October 2020 and completed a significant merger with Velodyne Lidar in February 2023, consolidating two major players in the lidar industry. Ouster has established itself as a leading provider of digital lidar technology, having shipped over 100,000 sensors to date across various industrial verticals including robotics, smart infrastructure, automotive, and industrial automation.
Business
Ouster operates in the lidar sensor industry, which is part of the broader autonomous vehicle and robotics technology ecosystem. Lidar, which stands for Light Detection and Ranging, is a remote sensing technology that uses laser light to measure distances and create detailed 3D maps of environments. Think of it as giving machines "eyes" that can see and understand their surroundings in three dimensions, much like how bats use echolocation to navigate. The company's core products include two main sensor families: the OS Series, which are scanning lidar sensors that rotate to capture 360-degree views, and the DF Series, which are solid-state flash sensors that capture wide-angle views without moving parts. These sensors generate millions of data points per second, creating detailed "point clouds" that represent the 3D structure of everything around them - from people and vehicles to buildings and trees. Beyond hardware, Ouster has developed software solutions including Gemini, a cloud-based portal for managing lidar deployments, and BlueCity, a traffic management solution that helps cities monitor and optimize traffic flow. The company serves multiple market segments: 1. Smart Infrastructure (approximately 33% of revenue): Traffic monitoring, security systems, and smart city applications where lidar sensors help manage urban environments and detect pedestrians, vehicles, and other objects. 2. Robotics (historically the largest segment): Autonomous mobile robots, delivery robots, and industrial automation systems that need precise 3D vision to navigate safely around people and obstacles. 3. Industrial (significant contributor): Mining equipment, construction machinery, and other heavy industrial applications where lidar provides safety and automation capabilities. 4. Automotive (emerging segment): Self-driving cars and advanced driver assistance systems, though this represents a smaller portion of current revenue as the autonomous vehicle market continues to develop.
Revenue model
Ouster generates revenue through multiple streams, with hardware sales being the primary driver, accounting for the majority of its approximately $111 million in 2024 revenue. The company sells lidar sensors with average selling prices around $6,000 per unit, shipping roughly 4,000-5,000 sensors per quarter to customers ranging from robotics companies to infrastructure operators. The company's software-attached business represents a growing and higher-margin revenue stream, with software bookings increasing over 60% year-over-year in 2024. This includes subscription-based software solutions like Gemini for cloud-based lidar management and BlueCity for traffic management, which generate recurring revenue from existing sensor installations. Software deals can range from hundreds of thousands to over $1 million annually for large enterprise customers. Ouster's customers include technology companies developing autonomous systems, municipalities implementing smart city infrastructure, industrial equipment manufacturers, and robotics companies. The company targets both direct sales to end users and partnerships with original equipment manufacturers (OEMs) who integrate Ouster's sensors into their products. Several factors influence Ouster's margins and profitability. Positive margin drivers include the shift toward higher-margin REV7 sensors, growing software attachment rates, manufacturing cost reductions through contract manufacturing partnerships, and economies of scale as production volumes increase. The company has improved gross margins from 17% in 2022 to over 40% in recent quarters. Margin pressures come from competitive pricing in the lidar market, particularly from Chinese competitors, the need for continued R&D investment in next-generation chips and sensors, and the cyclical nature of some customer segments. The company's path to profitability depends on achieving sufficient scale while maintaining pricing discipline and continuing to increase the proportion of higher-margin software sales.
Competitive moat
Ouster's competitive moat is moderate but strengthening, built primarily around its technological differentiation and growing software ecosystem. The company's core advantage lies in its digital lidar architecture, which differs from traditional analog approaches used by many competitors. This digital approach enables better performance, reliability, and manufacturability, particularly as the technology scales to higher volumes. The company's intellectual property portfolio provides some protection, evidenced by patent royalty income from competitors. Ouster's custom silicon development, including the L4 and Chronos chips, represents significant engineering barriers to entry and should provide performance advantages when fully deployed. The company's software platforms, particularly Gemini and BlueCity, create switching costs for customers and recurring revenue streams that strengthen customer relationships. However, the moat faces several challenges. The lidar industry remains highly competitive with numerous well-funded players, including established companies like Luminar and emerging Chinese competitors offering aggressive pricing. The technology is still evolving rapidly, meaning today's advantages could become obsolete quickly. The automotive market, which represents the largest long-term opportunity, remains nascent with uncertain adoption timelines. Ouster's diversification across multiple verticals provides some competitive protection, as few competitors have successfully addressed robotics, smart infrastructure, and automotive markets simultaneously. This diversification reduces dependence on any single market's development timeline and creates multiple paths to growth. The company's merger with Velodyne eliminated a major competitor and expanded its customer base and patent portfolio, though integration challenges remain. The strength of Ouster's moat ultimately depends on its ability to maintain technological leadership while building a sustainable software business that creates recurring revenue and customer lock-in effects.
Risks & safety
Ouster presents a moderate margin of safety with reasonable financial stability but ongoing profitability challenges. • Cash position: $54 million in cash and short-term investments as of Q1 2025, down from $122 million in 2022, indicating steady cash consumption • Burn rate: Free cash flow of -$5.4 million in Q1 2025, significantly improved from -$22 million in Q2 2024, showing progress toward cash flow positive • Debt levels: Low debt-to-equity ratio of 0.11, indicating minimal leverage risk • Liquidity: Strong current ratio of 2.57 and quick ratio of 2.40, suggesting adequate short-term liquidity • Valuation metrics: Trading at negative P/E due to losses, but EV/Revenue of approximately 5x seems reasonable for a growing technology company • Revenue growth: Consistent 30-50% annual growth trajectory provides some valuation support • Other considerations: Company is pre-profitability but showing improving unit economics with gross margins expanding to 40%+ range; cash runway appears sufficient for 2-3 years at current burn rates
Recent development
Over the past few years, Ouster has undergone significant strategic transformation, highlighted by its merger with Velodyne Lidar in February 2023, which eliminated a major competitor and expanded the company's market presence. This consolidation enabled over $120 million in annual cost savings while broadening Ouster's customer base and intellectual property portfolio. The company has pivoted toward becoming a software-enabled hardware company, with software-attached bookings growing over 60% year-over-year in 2024. Key software developments include the launch of Gemini, a cloud-based portal for lidar fleet management, and BlueCity, a traffic management solution that has achieved NEMA TS2 certification and been deployed in cities like Nashville and Chattanooga. On the hardware front, Ouster has made substantial investments in custom silicon development, taping out next-generation L4 and Chronos chips that promise significant performance improvements and cost reductions. The company successfully launched its REV7 sensor suite, which has gained strong market traction and contributed to improved average selling prices and gross margins. Strategically, Ouster has diversified its market focus beyond the uncertain automotive sector, with smart infrastructure becoming the largest revenue contributor at approximately one-third of total revenue. The company has secured several multimillion-dollar deals across verticals, including partnerships with major technology companies and OEMs. Recent achievements include deploying sensors at the Paris Olympics and securing the largest software-attached contract in the company's European operations. The company has also focused on operational efficiency, reducing operating expenses to Q3 2023 levels while maintaining growth investments, and improving gross margins from 17% in 2022 to over 40% in recent quarters through manufacturing optimization and product mix improvements.
OUST company profile · for informational purposes only — not investment advice.
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