Ouster, Inc.
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
Documented revenue growth and a Physical-AI story backed by the Stereolabs acquisition — but only as a small admixture for the risk-aware: the valuation is high, and ongoing share issuance keeps diluting existing holders.
What the thesis turns on
Assessment: Opportunities & Risks
Ouster is a speculative growth bet: real, documented revenue growth and a Physical-AI story backed by the Stereolabs acquisition — at a high price and with honest design flaws. If at all, then as a small admixture for risk-aware investors, not as a core holding. Not investment advice.
Growth
Revenue more than quadrupled in three years ($41.0 million to $169.4 million); the gross margin rose from 10.0 percent (2023) to 49.3 percent (2025).
Profitability
Not a single profitable fiscal year since inception; an accumulated deficit of $973.4 million and free cash flow still negative at minus $64.9 million (2025).
Balance sheet
$173.1 million of cash and short-term investments as of March 31, 2026 and practically debt-free — but the cushion melts with every loss-making quarter.
Dilution
The weighted average share count rose from 17.8 million (2022) to 61.8 million (first quarter of 2026) — growth paid for with fresh shares is never free.
Valuation
A price-to-sales ratio of 15.2 and a beta of 3.2 (data as of July 24, 2026): the multiple prices in years of growth, and the ride is three times as violent as the market.
Momentum
21 matching scanner strategies and an RS rating of 93 — strong, but thirteen of those hits measure price strength, not quality (Piotroski 6 out of 9).
Worth Noting
A single customer accounted for 21 percent of revenue in 2025 — a concentration risk.
Ongoing capital increases keep diluting existing shareholders.
Stock Watch
This analysis is as of August 4, 2026. Stock Watch will tell you what's changed at OUST since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 16.60 $ to 62.50 $ · Last price: 35.00 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Electronic Components
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Ouster, Inc. OUST | 2.4 | – | -0.8 | 46.6 | -39.6 | 52.5 | 14.2 |
| Corning Incorporated GLW | 127.2 | 68.9 | 35.8 | 36.4 | 15.7 | 19.1 | 93.9 |
| Amphenol Corporation APH | 96.5 | 22.3 | 23.8 | 39.0 | 27.3 | 51.7 | 33.1 |
| TE Connectivity Ltd TEL | 59.8 | 20.2 | 13.2 | 36.1 | 20.8 | 7.9 | -3.5 |
| Flex Ltd FLEX | 41.0 | 41.3 | 20.9 | 9.5 | 5.7 | 8.1 | 93.1 |
| Jabil Circuit Inc JBL | 31.6 | 35.3 | 16.7 | 9.2 | 5.2 | 3.2 | 39.5 |
| Fabrinet FN | 14.4 | 30.6 | 20.6 | 12.0 | 9.9 | 18.6 | 6.3 |
| TTM Technologies Inc TTMI | 11.9 | 93.8 | 30.2 | 21.2 | 8.6 | 19.0 | 134.1 |
| Vicor Corporation VICR | 10.7 | 69.1 | 73.4 | 56.6 | 15.0 | 13.6 | 314.5 |
| Median of companies shown | 31.6 | 38.3 | 20.9 | 36.1 | 9.9 | 18.6 | 39.5 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2018 | 1 | -30 | -33 | -41.12 | -28 | -10 | 27 |
| 2019 | 11 | -48 | -52 | -28.93 | -40 | -60 | 40 |
| 2020 | 19 | -52 | -107 | -59.79 | -42 | -37 | 46 |
| 2021 | 34 | -100 | -94 | -7.02 | -71 | 261 | 308 |
| 2022 | 41 | -145 | -139 | -7.79 | -111 | 172 | 256 |
| 2023 | 83 | -373 | -374 | -10.10 | -138 | 180 | 331 |
| 2024 | 111 | -104 | -97 | -2.08 | -34 | 181 | 276 |
| 2025 | 169 | -74 | -60 | -1.07 | -40 | 262 | 350 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2023: Q2 | -3.19 | -99.40 | 19 | 88.30 | -632.50 | -34 | -34 |
| 2023: Q3 | -0.89 | 55.10 | 22 | 98.20 | -158.10 | -27 | -28 |
| 2023: Q4 | -0.95 | 58.50 | 24 | 123.90 | -159.80 | -24 | -25 |
| 2024: Q1 | -0.55 | 88.00 | 26 | 50.60 | -91.90 | -6 | -7 |
| 2024: Q2 | -0.53 | 83.40 | 27 | 39.20 | -88.50 | -22 | -22 |
| 2024: Q3 | -0.54 | 39.30 | 28 | 26.60 | -91.10 | -4 | -4 |
| 2024: Q4 | -0.51 | – | 30 | 23.10 | -78.90 | -3 | -4 |
| 2025: Q1 | -0.42 | – | 33 | 25.80 | -67.50 | -5 | -5 |
| 2025: Q2 | -0.39 | – | 35 | 29.90 | -58.80 | -1 | -2 |
| 2025: Q3 | -0.37 | – | 40 | 40.80 | -55.00 | -18 | -20 |
| 2025: Q4 | 0.06 | – | 62 | 106.60 | 6.40 | -15 | -37 |
| 2026: Q1 | -0.28 | – | 49 | 48.90 | -36.00 | -7 | -10 |
| 2026: Q2 | -0.27 | 30.80 | 55 | 56.00 | -33.20 | -13 | -15 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 24 of our scanner strategies — each hit links to the scanner.
Growth
- Ben Bennett: Focus List
- High Revenue Growth
- Matt Caruso: Sales Leader
- Patrick Walker: 40, 40 Screen
- Ted Zhang: Super Stock Universe
Quality & Balance Sheet
Breakout & Setup
Momentum & Trend
- 21-EMA Trend
- Above the 50- & 200-SMA
- CANSLIM Type RS
- Character Change (CC)
- Gary Antonacci: Dual Momentum (Stock Adaptation)
- High ADR (≥5%)
- Mike Webster: Swing Trading List
- Oliver Kell: Doublers
- Oliver Kell: Strength on Down Day
- RS Leader (≥90)
- Richard Moglen: 1 Week Top Performers
- Richard Moglen: Top Performers 3/6 Month
- Stage 2 Leader
- Stan Weinstein: Stage 2
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -0.34 | -0.62 – -0.19 | 222 | 60.1% | 4 |
| 12/31/2027 | -0.13 | -0.67 – 0.19 | 300 | 63.2% | 4 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Ouster positioniert sich im 10-K 2025 (Item 1 Business) als Anbieter von Sensorik und Wahrnehmung für „Physical AI“ und verkauft eine Plattform aus digitalen Lidar-Sensoren, Kameras, AI-Compute-Systemen (seit der Stereolabs-Übernahme Februar 2026) sowie KI-Perception-Software (Gemini, BlueCity) — die Revenue-Note des 10-Q bestätigt Lidar, Kameras und AI-Compute-Systeme ausdrücklich als Umsatzquelle; KI-Produkte sind damit nachweislich Umsatzträger.
View the full file — quotes, sources, reviewed filings
„Ouster, Inc. is a leader in sensing and perception for Physical Artificial Intelligence (Physical AI). Ouster enables machines to “Sense, Think, Act, and Learn” and independently execute tasks without human intervention."
Ouster, Inc. ist ein führender Anbieter von Sensorik und Wahrnehmung für Physische Künstliche Intelligenz (Physical AI). Ouster befähigt Maschinen zu „Wahrnehmen, Denken, Handeln und Lernen“ und dazu, Aufgaben eigenständig ohne menschliches Eingreifen auszuführen.
10-K · 2026-03-02 · View SEC filing
„As a pioneer in Physical AI, Ouster offers a unified sensing and perception platform that combines high-performance digital lidar, cameras, AI compute, sensor fusion and perception software, and cutting-edge AI models to our customers."
Als Pionier der Physical AI bietet Ouster seinen Kunden eine einheitliche Sensorik- und Wahrnehmungsplattform, die leistungsstarkes digitales Lidar, Kameras, KI-Rechenhardware, Sensorfusions- und Wahrnehmungssoftware sowie modernste KI-Modelle vereint.
10-K · 2026-03-02 · View SEC filing
„The majority of the Company's revenue is recognized at the point in time when the customer obtains control of the respective lidar sensors, cameras and AI compute systems."
Der Großteil des Umsatzes des Unternehmens wird zu dem Zeitpunkt erfasst, an dem der Kunde die Kontrolle über die jeweiligen Lidar-Sensoren, Kameras und KI-Rechensysteme erlangt.
10-Q · 2026-05-05 · View SEC filing
„Our software solutions include BlueCity for intelligent transportation systems, and Ouster Gemini for security, logistics automation, and crowd monitoring. We continue to work to improve the performance and expand the capabilities of these platforms through our artificial intelligence perception software and application-specific integrations, analytics, and dashboards."
Zu unseren Software-Lösungen gehören BlueCity für intelligente Verkehrssysteme und Ouster Gemini für Sicherheit, Logistikautomatisierung und Crowd-Monitoring. Wir arbeiten weiter daran, die Leistung dieser Plattformen zu verbessern und ihre Fähigkeiten durch unsere KI-Wahrnehmungssoftware sowie anwendungsspezifische Integrationen, Analysen und Dashboards auszubauen.
10-K · 2025-03-21 · View SEC filing
Filings Reviewed: 10-Q 2026-05-05 · 10-Q 2025-11-05 · 10-Q 2025-08-11 · 10-Q 2025-05-09 · 10-K 2026-03-02 · 10-K 2025-03-21
Rated on July 9, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 60.4%
- More than 10% revenue growth is expected for the coming year 34.4%
- Share count grows by less than 3% a year 46.8%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 14.2%
- Gross margin at 40% or higher and without meaningful erosion 49.3%
- Goodwill from acquisitions does not grow faster than revenue 0.0%
- Net debt below twice EBITDA 192 m net cash
- Operating cash flow covers the profits of the last three years 320 m
- Return on capital at 15% or higher, or up versus two years ago -26.6%
- Insiders hold at least 10% or are net buyers 3.5%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
5/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 99.4%
- Exp. sales growth 3Y > 5% 33.0%
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% 33.0%
- Net debt < 4x EBIT –
- EBIT positive, 10Y straight 0
- Max. EBIT decline < 50% –
- Return on equity > 15% -24.3%
- ROCE > 15% -26.6%
- Expected return > 10% 29.3%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 14, 2026 | Chung Megan | General Counsel and Secretary | Sell | 11,484 | 33.96 | 389,993 |
| Sep 14, 2026 | Spencer Darien | Chief Operating Officer | Sell | 12,808 | 33.96 | 434,953 |
| Sep 14, 2026 | Pacala Charles Angus | President and CEO | Sell | 30,385 | 33.96 | 1,031,847 |
| Sep 14, 2026 | Jacquemet Cyrille | Chief Revenue Officer | Sell | 8,896 | 33.96 | 302,093 |
| Sep 14, 2026 | Gianella Kenneth P. | Chief Financial Officer | Sell | 15,686 | 33.96 | 532,682 |
| Sep 14, 2026 | Frichtl Mark | Chief Technology Officer | Sell | 18,778 | 33.96 | 637,691 |
| Sep 9, 2026 | Chung Megan | General Counsel and Secretary | Other | 2,084 | 0.00 | – |
| Sep 2, 2026 | Frichtl Mark | Chief Technology Officer | Other | 38,745 | 0.00 | – |
| Aug 26, 2026 | Frichtl Mark | Chief Technology Officer | Other | 100,000 | 14.22 | 1,422,000 |
| Aug 18, 2026 | Gianella Kenneth P. | Chief Financial Officer | Sell | 508 | 47.09 | 23,919 |
The company
About the Company
Ouster, Inc. befasst sich mit Produktion und Verkauf von Lidar-Sensor-Kits für die Branchen Automobil, Industrie, Robotik und Smart Infrastructure in Amerika, im asiatisch-pazifischen Raum, Europa, dem Nahen Osten und Afrika.
- CEO Insider Trades (12 Mo.)
- selling own stock
- Employees
- 320
- Headquarters
- San Francisco, CA
- Address
- 350 Treat Avenue, 94110 San Francisco, United States
- Phone
- 415 949 0108
- Website
- ouster.com
- IPO Date
- 10/09/2020
- ISIN
- US68989M2026
- Stock Split
- 1:10 on 04/21/2023
Management
| Name | Title | Birth Year |
|---|---|---|
| Charles Angus Pacala | Co-Founder, CEO & Director | 1989 |
| Mark Frichtl | Co-Founder & CTO | 1989 |
| Kenneth P. Gianella | Chief Financial Officer | 1973 |
| Darien Spencer | Chief Operating Officer | 1963 |
| Megan Chung | General Counsel & Corporate Secretary | 1975 |
| Shaluinn Fullove | Chief People Officer | – |
| Stephen Kim | Head of Sales in South Korea | – |
| Cyrille Jacquemet | Chief Revenue Officer | 1981 |
| Chen Geng C.F.A. | Senior VP of Strategic Finance & Treasurer | 1987 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.