Companies /Technology

Ouster Inc - Class A

NYSE: OUST Electronic Components
$34.44
▼ $0.18 (−0.52%) today
Markets closed · 6:37pm ET

Q4 2025 Earnings

Reported Mar 2, 2026, 4:17pm ET · SEC source
$0.06
Beat +144.44%
EPS · est. $-0.14
$62.2M
Beat +51.22%
Revenue · est. $41.1M
−3.5%
Trailing market
OUST vs S&P since report
2 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
−18%−12%−6%0Mar 2Mar 3report 4:17pm ETearnings−1.0%−9.4%
−18%−12%−6%0Mar 2Mar 3earnings−1.0%−9.4%
OUST −9.4%S&P 500 −1.0%
−18%−12%−6%0Mar 2Mar 3report 4:17pm ETearnings−1.1%−9.4%
−18%−12%−6%0Mar 2Mar 3earnings−1.1%−9.4%
OUST −9.4%NASDAQ −1.1%
−24%−16%−8%0Mar 2Mar 10report 4:17pm ETearnings−1.2%−8.4%
−24%−16%−8%0Mar 2Mar 10earnings−1.2%−8.4%
OUST −8.4%S&P 500 −1.2%
−24%−16%−8%0Mar 2Mar 10report 4:17pm ETearnings+0.1%−8.4%
−24%−16%−8%0Mar 2Mar 10earnings+0.1%−8.4%
OUST −8.4%NASDAQ +0.1%
+6.86%
Day of report
+7.26%
Next session
+1.48%
One week
−8.05%
30 days

S&P 500 over the same 30 days: −4.54%.

Did OUST Beat Earnings? Q4 2025 Results

Ouster closed Q4 2025 with a standout quarter, posting revenue of $62.18 million, up 107% year over year, and swinging to GAAP net income of $3.98 million, or $0.06 per share, compared to a net loss of $23.74 million in the same period a year ago. The headline numbers were meaningfully shaped by approximately $21.00 million in primarily one-time royalties tied to long-term IP license contracts, which alone accounted for roughly 1,900 basis points of the 62% non-GAAP gross margin. Stripping out royalties, product revenue of $40.97 million still grew 36% year over year, driven by industrial and robotics customers in warehouse automation, robotaxi, and mapping verticals. Full-year 2025 revenue reached $169.38 million, up 52%, with adjusted EBITDA improving to a loss of $12.42 million from a loss of $41.81 million. Looking ahead, Ouster guided Q1 2026 revenue of $45.00 million to $48.00 million, reflecting the fade of the royalty tailwind, while its long-term framework targets 30% to 50% annual revenue growth and a path to sustained profitability.

Key Takeaways
  • Strong customer demand in industrial and robotics verticals for warehouse automation, robotaxi, and mapping
  • Approximately $21 million in primarily one-time IP license royalties boosted Q4 revenue
  • Volume growth and operating efficiencies improved gross margins
  • Record quarterly lidar shipments of over 8,100 units
  • 12th consecutive quarter of product revenue growth

“2025 was a year of exceptional execution for Ouster. Our strong revenue growth and gross margin performance are a testament to our disciplined focus as we pioneer the technologies driving the secular shift towards Physical AI, delivering record results.”

Ouster CEO, on the earnings call

Forward Guidance & Outlook

For Q1 2026, Ouster expects total revenue of $45 to $48 million, including approximately 7 weeks of Stereolabs operations. The company's long-term financial framework targets annual revenue growth of 30% to 50%, GAAP gross margins of 35% to 40%, and GAAP operating expense growth of 5%-8% from 2025 levels, excluding the approximately $23 million in primarily one-time royalties recognized in 2025. Ouster expects the Stereolabs acquisition to be accretive to its path to profitability.

OUST YoY Financials

Revenue$62.2M
Gross Profit$37.5M
Operating Income$904,000
Net Income$4.0M

OUST Revenue by Segment

Product Revenue (Lidar Sensors)$41.0M+36.0%
Royalties$21.2M
Royalties (IP Licensing)

Figures from SEC filings and company reports. Not investment advice.