Ouster (OUST) AI Stock Analysis

• Market Cap: $1.33B
• Dividend Yield: N/A
• Average Volume (3M): 1.90M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.30
• Revenue Growth: 30.20%
• EPS Growth: 35.80%
• Country: US
• Employees: 292
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.17
• Shares Outstanding: 60,005,220
• 10 Day Avg. Volume: 1,704,541
• 30 Day Avg. Volume: 1,900,263
• PEG Ratio: 0.07
• Price to Book (P/B): 3.15
• Price to Sales (P/S): 5.12
• P/FCF Ratio: -15.20
• Enterprise Value/Market Cap: 1.00
• Enterprise Value/Revenue: 9.75
• Enterprise Value/Gross Profit: 22.63
• Enterprise Value/Ebitda: -17.11
• 1Y Price Target: $37.40
• Price Target Upside: 63.18% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): -0.61
• Revenue Forecast (FY): $145.23M

• Rating: 45 Neutral
• Price Target: $20.50 ▼(-10.56% Downside)

Ouster's overall stock score reflects its growth potential and strategic advancements, but is weighed down by persistent profitability issues, negative cash flows, and weak technical indicators. The company's strong cash position and low leverage provide some financial stability, but improvements in operational efficiency and profitability are needed to enhance the stock's attractiveness.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market presence and demand for Ouster's lidar technology, supporting long-term business expansion.

Financial Stability

A strong cash position and no debt enhance financial stability, providing flexibility for strategic investments and weathering market fluctuations.

Strategic Partnerships

Strategic partnerships expand market reach and application of Ouster's technology, potentially leading to increased revenue streams and competitive advantage.

Negative Factors

Profitability Challenges

Persistent profitability issues indicate challenges in cost management and operational efficiency, which could hinder long-term financial health.

Operating Expenses

Rising operating expenses, driven by R&D investments, may pressure margins and delay profitability improvements, impacting financial performance.

EBITDA Losses

Sustained EBITDA losses highlight ongoing operational challenges, potentially affecting cash flow and investment capacity in the long term.

Ouster Business Overview & Revenue Model

Company Description

Ouster, Inc. designs and manufactures high-resolution digital lidar sensors and enabling software that offers 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. Its product portfolio includes OS, a scanning sensor and DF, a true solid-state flash sensor. The company is based in San Francisco, California.

How the Company Makes Money

Ouster generates revenue primarily through the sale of its lidar sensors and associated technologies. The company has established multiple key revenue streams, including direct sales to original equipment manufacturers (OEMs) in the automotive sector, partnerships with robotics and industrial companies, and subscription services for software that enhances the functionality of its lidar products. Additionally, Ouster's strategic collaborations with major players in the automotive and tech industries further bolster its market presence and contribute to its earnings. The company’s focus on scaling production and reducing costs is also aimed at increasing profitability as demand for lidar technology grows.

Ouster Financial Statement Overview

Summary

Ouster shows potential with revenue growth and improved gross profit margins. However, profitability issues and negative cash flows highlight operational inefficiencies. The balance sheet is stable with low leverage, but the company needs to enhance its return on equity and cash flow management.

Income Statement

Ouster shows a positive revenue growth trend with a 9.1% increase in TTM, indicating potential market expansion. However, the company struggles with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin has improved to 43% in TTM, but the net profit margin remains significantly negative at -64.2%, highlighting ongoing challenges in cost management and operational efficiency.

Balance Sheet

The balance sheet reflects a stable debt-to-equity ratio of 0.064 in TTM, suggesting low leverage and financial stability. However, the return on equity is negative at -43.1%, indicating that the company is not generating sufficient returns on shareholder investments. The equity ratio is not explicitly calculated, but the low debt levels suggest a conservative capital structure.

Cash Flow

Cash flow analysis reveals a significant improvement in free cash flow growth at 98.4% in TTM, which is a positive sign. However, both operating and free cash flows remain negative, and the operating cash flow to net income ratio is -0.29, indicating cash flow challenges. The free cash flow to net income ratio of 1.17 suggests that free cash flow is relatively better managed compared to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	137.30M	111.10M	83.28M	41.03M	33.58M	18.90M
Gross Profit	59.17M	40.46M	9.68M	10.93M	9.09M	1.51M
EBITDA	-78.26M	-79.94M	-342.62M	-123.38M	-88.69M	-98.30M
Net Income	-88.10M	-97.05M	-374.11M	-138.56M	-93.98M	-106.78M
Balance Sheet
Total Assets	353.77M	276.15M	330.74M	256.14M	307.70M	46.41M
Cash, Cash Equivalents and Short-Term Investments	244.52M	172.02M	190.15M	122.93M	183.62M	11.64M
Total Debt	15.90M	20.25M	69.90M	56.20M	19.27M	21.81M
Total Liabilities	106.33M	95.24M	151.07M	84.52M	47.00M	83.10M
Stockholders Equity	247.44M	180.91M	179.67M	171.62M	260.70M	-36.68M
Cash Flow
Free Cash Flow	-31.68M	-37.45M	-140.90M	-116.11M	-74.84M	-45.63M
Operating Cash Flow	-27.09M	-33.69M	-137.89M	-110.69M	-70.56M	-42.12M
Investing Cash Flow	-51.77M	14.65M	50.60M	-5.15M	-15.23M	-3.51M
Financing Cash Flow	122.16M	15.39M	15.66M	55.60M	257.80M	39.86M

Ouster Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 22.92
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OUST, the sentiment is Positive. The current price of 22.92 is below the 20-day moving average (MA) of 23.30, below the 50-day MA of 26.38, and above the 200-day MA of 21.21, indicating a neutral trend. The MACD of -0.81 indicates Positive momentum. The RSI at 46.73 is Neutral, neither overbought nor oversold. The STOCH value of 24.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OUST.

Ouster Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BELFA	77 Outperform	$2.18B	30.08	16.40%	0.16%	23.70%	14.78%
VICR	73 Outperform	$4.66B	60.82	13.89%	―	11.55%	1745.46%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
PENG	61 Neutral	$1.04B	69,797.49	6.17%	―	16.91%	―
ROG	58 Neutral	$1.68B	-25.88	-5.34%	―	-4.87%	-235.48%
OUST	45 Neutral	$1.33B	-13.91	-42.03%	―	30.20%	35.80%
MVIS	44 Neutral	$287.53M	-2.53	-112.89%	―	-67.66%	13.39%

Ouster Corporate Events

Ouster Amends San Francisco Headquarters Lease for 2034

On December 17, 2025, Ouster, Inc. amended its lease agreement for its San Francisco, California headquarters, extending the lease term to August 31, 2034. The amendment also reduces the initial annual base rent to $50.00 per rental square foot starting January 1, 2026, with scheduled annual adjustments thereafter, a move that may lower near-term occupancy costs and provide longer-term operational stability for the company’s headquarters footprint.

Ouster Appoints Phillip Eyler to Board of Directors

On December 8, 2025, Ouster, Inc. announced the election of Phillip Eyler to its Board of Directors, where he will also serve on the Compensation Committee. This appointment is part of Ouster’s ongoing efforts to strengthen its leadership team and enhance its governance structure.