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Q1 25 EPS
$-0.42
MISS 64.71%
Est. $-0.26
Q1 25 Revenue
$32.6M
BEAT +5.72%
Est. $30.9M
vs S&P Since Q1 25
+554.7%
BEATING MARKET
OUST +587.0% vs S&P +32.3%
Market Reaction
Did OUST Beat Earnings? Q1 2025 Results
Ouster turned in a notably strong first quarter of 2025, posting revenue of $32.63 million, up 26% year over year and 8% sequentially, as demand from industrial and automotive customers in warehouse automation and robotaxi applications continued to b… Read more Ouster turned in a notably strong first quarter of 2025, posting revenue of $32.63 million, up 26% year over year and 8% sequentially, as demand from industrial and automotive customers in warehouse automation and robotaxi applications continued to build momentum. The quarter's results were further lifted by approximately $2.00 million in patent royalty revenue, which helped drive GAAP gross margin to 41%, a roughly 1,200 basis point improvement from 29% in Q1 2024. The company's net loss narrowed to $22.02 million, or $-0.42 per share, while adjusted EBITDA loss improved to $7.81 million from $11.74 million a year ago. CEO Angus Pacala highlighted multimillion-dollar deal wins across all four verticals as Ouster continues repositioning itself as a Physical AI company. Sensor shipments reached approximately 4,700 units for the quarter. Looking ahead, Ouster guided Q2 2025 revenue of $32.00 million to $35.00 million, signaling continued momentum despite acknowledged tariff and macroeconomic uncertainties.
Key Takeaways
- • 26% year-over-year revenue growth driven by industrial and automotive vertical demand
- • Warehouse automation, yard logistics, and robotaxi use cases driving Q1 demand
- • Patent royalty revenue of approximately $2 million contributing to margin expansion
- • Favorable product mix improving gross margins
- • GAAP gross margin improved approximately 1,200 basis points year over year to 41%
- • Non-GAAP gross margin improved approximately 1,000 basis points year over year to 46%
- • Approximately 4,700 sensors shipped for revenue
OUST YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
OUST Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our strong first quarter results demonstrate continued operational execution. We generated revenue of $33 million and gross margin of 41%, winning multimillion dollar deals across all four of our verticals. The thousands of sensors shipped each quarter and growing installed base of connected software solutions underscore our customers' confidence in both our product performance and long-term roadmap.”
— Angus Pacala, Q1 2025 Earnings Press Release
OUST Earnings Trends
OUST vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
OUST EPS Trend
Earnings per share: estimate vs actual
OUST Revenue Trend
Quarterly revenue: estimate vs actual
OUST Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $-0.12 | $-0.28 | -143.48% | $48.6M | +5.26% |
| Q4 25 BEAT FY | $-0.14 | $0.06 | +144.44% | $62.2M | +51.22% |
| FY Full Year | $-0.58 | $-1.07 | -85.28% | $169.4M | +14.22% |
| Q3 25 MISS | $-0.18 | $-0.37 | -102.74% | $39.5M | +6.63% |
| Q2 25 MISS | $-0.21 | $-0.38 | -85.37% | $35.0M | +3.80% |
| Q1 25 MISS | $-0.26 | $-0.42 | -64.71% | $32.6M | +5.72% |