Recent News
On September 7, 2025, an industry analysis noted expanded deployments of Ouster’s Gemini and BlueCity platforms, highlighted progress on custom silicon and solid‑state digital flash sensors, and repeated earlier Department of Defense approval for Ouster’s OS1 under the Blue UAS framework; the piece also described growing software‑attached bookings and wider smart‑infrastructure adoption.
Technical Analysis
Directional indicators (ADX / DI+ / DI-): ADX at 19.32 registers no trend, which reduces conviction for a sustained breakout or breakdown; DI+ shows a dip & reversal while DI- shows a dip & reversal, creating a mixed directional picture that supports consolidation rather than a clean trend extension.
MACD: MACD registers 0.90 with a peak & reversal trend, signaling momentum has begun to soften, yet MACD remains above its 0.57 signal line, which provides a short‑term bullish signal that could support a relief bounce inside the current range.
MRO (Momentum/Regression Oscillator): MRO at 22.7 sits positive, indicating price currently trades above the model target and carries potential for a corrective move downward; the MRO trend shows a peak & reversal, reinforcing a near‑term easing of upward pressure.
RSI and breadth: RSI at 54.4 with a dip & reversal implies resumed upward momentum from a neutral level rather than extended overbought conditions, compatible with range‑bound trading and selective strength toward the upper band.
Price versus averages and bands: Price closed at $31.52, above the 200‑day average of $17.66, which signals long‑term outperformance; short‑term EMAs show a recent peak & reversal (12‑day EMA at $31.88), placing immediate bias toward consolidation. SuperTrend lower support sits at $31.41, offering a nearby structural floor while Bollinger upper and lower 1× bands at $34.18 and $27.30 bracket the short‑term trading band.
Volume and volatility: Daily volume of 3.4M exceeds the 10‑day average of 3.10M and the 50‑day average of 2.93M, indicating active participation during recent range action; volatility measures (42‑day beta 4.61, 52‑week beta 2.31) signal elevated sensitivity to news and catalysts, which raises near‑term risk even as technicals lean toward consolidation.
Fundamental Analysis
Revenue and margins: Total revenue registers $35,049,000 with YoY revenue growth of 83.71% and QoQ change of -12.25%, showing strong annual expansion alongside short‑term variability in sales cadence. Gross margin stands at 45.20% with YoY improvement of 34.09%, which supports higher operating leverage potential if revenue growth sustains.
Profitability and operating metrics: EBIT equals -$24,228,000, producing an EBIT margin of -69.13%; QoQ change in EBIT margin improved by 3.37% while YoY the margin declined by 18.90%. The EBIT margin sits well below the industry peer mean of 17.07% and median of 17.44%, indicating current operating losses relative to typical peer profitability despite margin improvement at the gross level.
Cash, liquidity, and leverage: Cash totals $76,120,000 and cash and short‑term investments reach $226,505,000, producing a cash ratio of 2.63 and a quick ratio of 3.01; current ratio stands at 3.17, which signals ample short‑term liquidity. Total debt measures $17,654,000 with debt‑to‑assets near 5.49% and debt‑to‑equity about 7.99%, reflecting a light leverage profile that supports investment in product development.
Cash flow and capital allocation: Free cash flow totals -$2,198,000 with free cash flow yield near -0.17% and free cash growth negative, while operating cash flow registers -$1,309,000; cash conversion ratio sits at 18.73%, and positive cash flow delta of $22,137,000 over the period suggests improving cash generation despite negative free cash flow this quarter.
Valuation context: Price‑to‑book at 5.97 sits roughly in line with the industry peer mean of 6.05; price‑to‑sales at 37.66 stands above the industry peer mean of 15.15, and forward PE remains negative. WMDST values the stock as under‑valued based on the firm’s revenue growth, gross margin expansion, and ample liquidity despite persistent operating losses.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-07 |
| NEXT REPORT DATE: | 2025-11-06 |
| CASH FLOW | Begin Period Cash Flow | $ 56.5 M |
| Operating Cash Flow | $ -1.31 M | |
| Capital Expenditures | $ -889.00 K | |
| Change In Working Capital | $ 2.2 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 22.1 M | |
| End Period Cash Flow | $ 78.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 35.0 M | |
| Forward Revenue | $ 12.5 M | |
| COSTS | ||
| Cost Of Revenue | $ 19.2 M | |
| Depreciation | $ 3.1 M | |
| Depreciation and Amortization | $ 3.1 M | |
| Research and Development | $ 17.1 M | |
| Total Operating Expenses | $ 61.9 M | |
| PROFITABILITY | ||
| Gross Profit | $ 15.8 M | |
| EBITDA | $ -21.11 M | |
| EBIT | $ -24.23 M | |
| Operating Income | $ -26.82 M | |
| Interest Income | $ 2.6 M | |
| Interest Expense | — | |
| Net Interest Income | $ 2.6 M | |
| Income Before Tax | $ -24.23 M | |
| Tax Provision | $ -3.62 M | |
| Tax Rate | 14.9 % | |
| Net Income | $ -20.61 M | |
| Net Income From Continuing Operations | $ -20.61 M | |
| EARNINGS | ||
| EPS Estimate | $ -0.20 | |
| EPS Actual | $ -0.26 | |
| EPS Difference | $ -0.06 | |
| EPS Surprise | -30.0 % | |
| Forward EPS | $ -0.51 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 321.8 M | |
| Intangible Assets | $ 15.6 M | |
| Net Tangible Assets | $ 205.4 M | |
| Total Current Assets | $ 273.2 M | |
| Cash and Short-Term Investments | $ 226.5 M | |
| Cash | $ 76.1 M | |
| Net Receivables | $ 15.4 M | |
| Inventory | $ 13.9 M | |
| Long-Term Investments | $ 3.6 M | |
| LIABILITIES | ||
| Accounts Payable | $ 12.8 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 86.1 M | |
| Net Debt | — | |
| Total Debt | $ 17.7 M | |
| Total Liabilities | $ 100.8 M | |
| EQUITY | ||
| Total Equity | $ 221.0 M | |
| Retained Earnings | $ -955.70 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 4.11 | |
| Shares Outstanding | 57.800 M | |
| Revenue Per-Share | $ 0.65 | |
| VALUATION | Market Capitalization | $ 1.3 B |
| Enterprise Value | $ 1.1 B | |
| Enterprise Multiple | -52.641 | |
| Enterprise Multiple QoQ | 227.874 % | |
| Enterprise Multiple YoY | 175.149 % | |
| Enterprise Multiple IPRWA | high: 259.951 mean: 67.684 median: 63.645 OUST: -52.641 low: -171.742 |
|
| EV/R | 31.698 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.456 | |
| Asset To Liability | 3.193 | |
| Debt To Capital | 0.074 | |
| Debt To Assets | 0.055 | |
| Debt To Assets QoQ | -22.32 % | |
| Debt To Assets YoY | 17.001 % | |
| Debt To Assets IPRWA | high: 0.807 median: 0.296 mean: 0.257 OUST: 0.055 low: 0.002 |
|
| Debt To Equity | 0.08 | |
| Debt To Equity QoQ | -29.275 % | |
| Debt To Equity YoY | -6.19 % | |
| Debt To Equity IPRWA | high: 2.082 median: 0.69 mean: 0.646 OUST: 0.08 low: -0.922 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 5.971 | |
| Price To Book QoQ | 122.468 % | |
| Price To Book YoY | 89.257 % | |
| Price To Book IPRWA | high: 12.594 mean: 6.046 OUST: 5.971 median: 4.517 low: -8.439 |
|
| Price To Earnings (P/E) | -78.277 | |
| Price To Earnings QoQ | 292.296 % | |
| Price To Earnings YoY | 263.521 % | |
| Price To Earnings IPRWA | high: 287.529 mean: 90.022 median: 86.325 OUST: -78.277 low: -168.539 |
|
| PE/G Ratio | 4.853 | |
| Price To Sales (P/S) | 37.657 | |
| Price To Sales QoQ | 172.603 % | |
| Price To Sales YoY | 88.812 % | |
| Price To Sales IPRWA | high: 42.058 OUST: 37.657 mean: 15.149 median: 13.0 low: 0.0 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | -27.495 | |
| Forward PE/G | 1.705 | |
| Forward P/S | 113.179 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.489 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.119 | |
| Asset Turnover Ratio QoQ | -0.91 % | |
| Asset Turnover Ratio YoY | 38.014 % | |
| Asset Turnover Ratio IPRWA | high: 0.479 mean: 0.194 median: 0.187 OUST: 0.119 low: 0.001 |
|
| Receivables Turnover | 2.106 | |
| Receivables Turnover Ratio QoQ | 15.66 % | |
| Receivables Turnover Ratio YoY | 3.621 % | |
| Receivables Turnover Ratio IPRWA | high: 2.906 OUST: 2.106 mean: 1.503 median: 1.38 low: 0.267 |
|
| Inventory Turnover | 1.324 | |
| Inventory Turnover Ratio QoQ | 8.996 % | |
| Inventory Turnover Ratio YoY | 49.964 % | |
| Inventory Turnover Ratio IPRWA | high: 2.529 OUST: 1.324 median: 1.08 mean: 1.028 low: 0.063 |
|
| Days Sales Outstanding (DSO) | 43.334 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 57.241 | |
| Cash Conversion Cycle Days QoQ | -36.633 % | |
| Cash Conversion Cycle Days YoY | -51.734 % | |
| Cash Conversion Cycle Days IPRWA | high: 272.391 mean: 101.316 median: 88.157 OUST: 57.241 low: -85.228 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.187 | |
| CapEx To Revenue | -0.025 | |
| CapEx To Depreciation | -0.285 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 221.0 M | |
| Net Invested Capital | $ 221.0 M | |
| Invested Capital | $ 221.0 M | |
| Net Tangible Assets | $ 205.4 M | |
| Net Working Capital | $ 187.1 M | |
| LIQUIDITY | ||
| Cash Ratio | 2.631 | |
| Current Ratio | 3.174 | |
| Current Ratio QoQ | 23.348 % | |
| Current Ratio YoY | -6.719 % | |
| Current Ratio IPRWA | high: 7.762 OUST: 3.174 mean: 2.176 median: 2.016 low: 0.034 |
|
| Quick Ratio | 3.012 | |
| Quick Ratio QoQ | 25.761 % | |
| Quick Ratio YoY | -4.06 % | |
| Quick Ratio IPRWA | high: 7.334 OUST: 3.012 mean: 1.651 median: 1.456 low: 0.201 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -0.836 | |
| Cost Of Debt | 0.0 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | -0.131 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 55.208 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 19.827 % | |
| Revenue Growth | 7.407 % | |
| Revenue Growth QoQ | -12.25 % | |
| Revenue Growth YoY | 83.705 % | |
| Revenue Growth IPRWA | high: 79.411 % mean: 10.035 % median: 9.438 % OUST: 7.407 % low: -43.951 % |
|
| Earnings Growth | -16.129 % | |
| Earnings Growth QoQ | 29.032 % | |
| Earnings Growth YoY | 343.592 % | |
| Earnings Growth IPRWA | high: 200.0 % median: 26.316 % mean: 19.123 % OUST: -16.129 % low: -133.333 % |
|
| MARGINS | ||
| Gross Margin | 45.2 % | |
| Gross Margin QoQ | 9.395 % | |
| Gross Margin YoY | 34.089 % | |
| Gross Margin IPRWA | high: 98.998 % OUST: 45.2 % mean: 39.321 % median: 36.34 % low: -49.356 % |
|
| EBIT Margin | -69.126 % | |
| EBIT Margin QoQ | 3.369 % | |
| EBIT Margin YoY | -18.903 % | |
| EBIT Margin IPRWA | high: 123.871 % median: 17.436 % mean: 17.072 % OUST: -69.126 % low: -211.309 % |
|
| Return On Sales (ROS) | -76.527 % | |
| Return On Sales QoQ | 14.436 % | |
| Return On Sales YoY | -10.221 % | |
| Return On Sales IPRWA | high: 43.501 % mean: 16.469 % median: 15.051 % OUST: -76.527 % low: -352.254 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -2.20 M | |
| Free Cash Flow Yield | -0.167 % | |
| Free Cash Flow Yield QoQ | -86.141 % | |
| Free Cash Flow Yield YoY | -95.915 % | |
| Free Cash Flow Yield IPRWA | high: 4.857 % mean: 1.029 % median: 0.912 % OUST: -0.167 % low: -16.248 % |
|
| Free Cash Growth | -59.529 % | |
| Free Cash Growth QoQ | -267.99 % | |
| Free Cash Growth YoY | -128.384 % | |
| Free Cash Growth IPRWA | high: 364.739 % median: 41.218 % mean: 28.158 % OUST: -59.529 % low: -329.708 % |
|
| Free Cash To Net Income | 0.107 | |
| Cash Flow Margin | -32.112 % | |
| Cash Flow To Earnings | 0.546 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -6.982 % | |
| Return On Assets QoQ | -13.632 % | |
| Return On Assets YoY | -8.216 % | |
| Return On Assets IPRWA | high: 17.834 % median: 2.39 % mean: 1.842 % OUST: -6.982 % low: -36.426 % |
|
| Return On Capital Employed (ROCE) | -10.277 % | |
| Return On Equity (ROE) | -0.093 | |
| Return On Equity QoQ | -28.871 % | |
| Return On Equity YoY | -33.345 % | |
| Return On Equity IPRWA | high: 0.433 mean: 0.05 median: 0.047 OUST: -0.093 low: -0.601 |
|
| DuPont ROE | -10.598 % | |
| Return On Invested Capital (ROIC) | -9.325 % | |
| Return On Invested Capital QoQ | -9.157 % | |
| Return On Invested Capital YoY | -187.076 % | |
| Return On Invested Capital IPRWA | high: 8.434 % mean: 3.209 % median: 3.068 % OUST: -9.325 % low: -15.502 % |
|