Strong Revenue and Gross Margin Performance
Ouster reported Q1 2025 revenue of $32.6 million and a gross margin of 41%, including a $1.5 million patent royalty. This represents a 1,200 basis point year-over-year increase in gross margin.
Multimillion-Dollar Deals Across Verticals
Ouster secured multimillion-dollar contracts in all four verticals, including a major contract with Komatsu for autonomous mining equipment and the largest software-attached sales contract in Europe in the smart infrastructure vertical.
Expansion in Software and AI Capabilities
Ouster made significant progress in its software-attached business, including the launch of the Gemini cloud portal and a major milestone in AI development with NVIDIA for traffic management.
Strong Balance Sheet
Ouster ended the quarter with $171 million in cash and equivalents with zero debt, maintaining one of the strongest balance sheets in the industry.
Strategic Product Development
Ouster is transforming its product portfolio with new hardware, firmware, and software enhancements, aiming to double its addressable market.