Ouster, Inc.(NYSE:OUST)

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 ...
Website: https://www.ouster.com
Founded: 2015
Founder: Angus Pacala / Mark Frichtl
CEO: Angus Pacala
Sector: Technology
Industry: Electronic Components
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
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revenue: | |||||||||||||||||||||
product revenue | 48,231,000 | 10,938,000 | 11,204,000 | 10,329,000 | 8,558,000 | 11,852,000 | 7,755,000 | 7,360,000 | 6,611,000 | ||||||||||||
royalties | 347,000 | ||||||||||||||||||||
total revenue | 48,578,000 | 62,178,000 | 39,525,000 | 35,049,000 | 32,632,000 | 30,092,000 | 28,075,000 | 26,990,000 | 25,944,000 | 24,444,000 | 22,209,000 | 19,396,000 | 17,230,000 | 11,852,000 | 7,755,000 | 7,360,000 | |||||
yoy | 48.87% | 106.63% | 40.78% | 29.86% | 25.78% | 23.11% | 26.41% | 39.15% | 50.57% | ||||||||||||
qoq | -21.87% | 57.31% | 12.77% | 7.41% | 8.44% | 7.18% | 4.02% | 4.03% | 6.14% | 10.06% | 14.50% | 12.57% | 52.83% | 5.37% | |||||||
total cost of revenue | 27,740,000 | 24,726,000 | 22,866,000 | 19,207,000 | 19,149,000 | 16,909,000 | 17,321,000 | 17,892,000 | 18,519,000 | 19,033,000 | 19,116,000 | 19,210,000 | 17,606,000 | 9,097,000 | 7,488,000 | 7,547,000 | 5,967,000 | 8,280,000 | 5,879,000 | 5,465,000 | 4,868,000 |
gross profit | 20,838,000 | 37,452,000 | 16,659,000 | 15,842,000 | 13,483,000 | 13,183,000 | 10,754,000 | 9,098,000 | 7,425,000 | 5,411,000 | 3,093,000 | 186,000 | -376,000 | 1,841,000 | 3,716,000 | 2,782,000 | 2,591,000 | 3,572,000 | 1,876,000 | 1,895,000 | 1,743,000 |
yoy | 54.55% | 184.09% | 54.91% | 74.13% | 81.59% | 143.63% | 247.69% | 4791.40% | -2074.73% | 193.92% | -16.77% | -93.31% | -114.51% | -48.46% | 98.08% | 46.81% | 48.65% | ||||
qoq | -44.36% | 124.82% | 5.16% | 17.50% | 2.28% | 22.59% | 18.20% | 22.53% | 37.22% | 74.94% | 1562.90% | -149.47% | -120.42% | -50.46% | 33.57% | 7.37% | -27.46% | 90.41% | -1.00% | 8.72% | |
gross margin % | 42.90% | 60.23% | 42.15% | 45.20% | 41.32% | 43.81% | 38.30% | 33.71% | 28.62% | 22.14% | 13.93% | 0.96% | -2.18% | Infinity% | Infinity% | Infinity% | Infinity% | 30.14% | 24.19% | 25.75% | Infinity% |
operating expenses: | |||||||||||||||||||||
research and development | 16,082,000 | 15,261,000 | 17,777,000 | 17,147,000 | 14,985,000 | 14,719,000 | 15,127,000 | 14,432,000 | 13,806,000 | 15,626,000 | 16,678,000 | 26,447,000 | 32,459,000 | 15,306,000 | 17,212,000 | 15,893,000 | 15,906,000 | 15,003,000 | 8,390,000 | 6,474,000 | 4,712,000 |
sales and marketing | 7,840,000 | 6,782,000 | 7,441,000 | 6,978,000 | 6,423,000 | 7,045,000 | 7,197,000 | 6,750,000 | 6,860,000 | 8,553,000 | 7,887,000 | 11,666,000 | 13,533,000 | 7,639,000 | 8,541,000 | 7,563,000 | 7,090,000 | 7,481,000 | 6,737,000 | 4,614,000 | 3,426,000 |
general and administrative | 16,128,000 | 14,505,000 | 15,692,000 | 18,539,000 | 15,905,000 | 17,017,000 | 15,938,000 | 13,166,000 | 12,580,000 | 18,545,000 | 14,270,000 | 17,842,000 | 31,325,000 | 20,897,000 | 14,008,000 | 12,515,000 | 13,783,000 | 15,782,000 | 14,073,000 | 12,197,000 | 9,907,000 |
total operating expenses | 40,050,000 | 36,548,000 | 40,910,000 | 42,664,000 | 37,313,000 | 38,781,000 | 38,262,000 | 34,348,000 | 33,246,000 | 42,724,000 | 38,835,000 | 123,221,000 | 176,726,000 | 43,842,000 | 39,761,000 | 35,971,000 | 36,779,000 | 38,266,000 | 29,200,000 | 23,285,000 | 18,045,000 |
income from operations | -19,212,000 | 904,000 | -24,251,000 | -26,822,000 | -23,830,000 | -25,598,000 | -27,508,000 | -25,250,000 | -25,821,000 | -37,313,000 | -35,742,000 | -123,035,000 | -177,102,000 | -42,001,000 | -36,045,000 | -33,189,000 | -34,188,000 | -34,694,000 | -27,324,000 | -21,390,000 | -16,302,000 |
yoy | -19.38% | -103.53% | -11.84% | 6.23% | -7.71% | -31.40% | -23.04% | -79.48% | -85.42% | -11.16% | -0.84% | 270.71% | 418.02% | 21.06% | 31.92% | 55.16% | 109.72% | ||||
qoq | -2225.22% | -103.73% | -9.59% | 12.56% | -6.91% | -6.94% | 8.94% | -2.21% | -30.80% | 4.40% | -70.95% | -30.53% | 321.66% | 16.52% | 8.61% | -2.92% | -1.46% | 26.97% | 27.74% | 31.21% | |
operating margin % | -39.55% | 1.45% | -61.36% | -76.53% | -73.03% | -85.07% | -97.98% | -93.55% | -99.53% | -152.65% | -160.93% | -634.33% | -1027.87% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -292.73% | -352.34% | -290.63% | -Infinity% |
other income: | |||||||||||||||||||||
interest income | 2,474,000 | 2,746,000 | 2,414,000 | 2,620,000 | 1,705,000 | 1,795,000 | 2,149,000 | 2,251,000 | 2,651,000 | 2,579,000 | 2,495,000 | 2,245,000 | 1,719,000 | 977,000 | 733,000 | 344,000 | 154,000 | 166,000 | 165,000 | 139,000 | 1,000 |
other income | -175,000 | 749,000 | 176,000 | -26,000 | 303,000 | 386,000 | 74,000 | -7,000 | 193,000 | -6,000 | -13,000 | -165,000 | 54,000 | 583,000 | 61,000 | 5,326,000 | 1,684,000 | 3,390,000 | 14,490,000 | -10,760,000 | -4,152,000 |
total other income | 2,299,000 | 3,495,000 | 2,590,000 | 2,594,000 | 2,008,000 | 2,181,000 | 1,881,000 | 1,504,000 | 2,103,000 | -1,508,000 | 657,000 | 352,000 | 104,000 | ||||||||
income before income taxes | -16,913,000 | 4,399,000 | -21,661,000 | -24,228,000 | -21,822,000 | -23,417,000 | -25,627,000 | -23,746,000 | -23,718,000 | -38,821,000 | -35,085,000 | -122,683,000 | -176,998,000 | -41,992,000 | -35,950,000 | -27,963,000 | -32,350,000 | -31,138,000 | -12,669,000 | -32,011,000 | -20,957,000 |
provision for income tax expense | 552,000 | 195,000 | 320,000 | -37,000 | 123,000 | 131,000 | 174,000 | 17,000 | 50,000 | 282,000 | 30,250 | 37,000 | 37,000 | 47,000 | |||||||
net income | -17,465,000 | 3,985,000 | -21,733,000 | -20,612,000 | -22,017,000 | -23,737,000 | -25,590,000 | -23,869,000 | -23,849,000 | -38,995,000 | -35,102,000 | -122,733,000 | -177,280,000 | -42,176,000 | -35,987,000 | -28,000,000 | -32,397,000 | ||||
yoy | -20.67% | -116.79% | -15.07% | -13.65% | -7.68% | -39.13% | -27.10% | -80.55% | -86.55% | -7.54% | -2.46% | 338.33% | 447.21% | ||||||||
qoq | -538.27% | -118.34% | 5.44% | -6.38% | -7.25% | -7.24% | 7.21% | 0.08% | -38.84% | 11.09% | -71.40% | -30.77% | 320.33% | 17.20% | 28.52% | -13.57% | |||||
net income margin % | -35.95% | 6.41% | -54.99% | -58.81% | -67.47% | -78.88% | -91.15% | -88.44% | -91.92% | -159.53% | -158.05% | -632.77% | -1028.90% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | 0% | 0% | 0% | NaN% |
other comprehensive income | |||||||||||||||||||||
changes in unrealized gain on available for sale securities | -120,000 | 46,000 | -180,000 | 298,000 | -45,000 | -459,000 | 51,000 | ||||||||||||||
foreign currency translation adjustments | 42,000 | -45,000 | 401,000 | 80,000 | -679,000 | 335,000 | -293,000 | -172,000 | 258,000 | -213,000 | 23,000 | -81,000 | 32,000 | -87,000 | -76,000 | -12,000 | |||||
total comprehensive loss | -17,585,000 | 4,025,000 | -21,669,000 | -20,281,000 | -21,891,000 | -24,596,000 | -24,957,000 | -24,207,000 | -24,480,000 | -38,423,000 | -35,252,000 | -122,784,000 | -177,310,000 | -42,144,000 | -36,074,000 | -28,076,000 | -32,409,000 | ||||
net loss per common share, basic and diluted | -280 | 100 | -370 | -380 | -420 | -460 | -540 | -530 | -550 | -710 | -890 | -3,190 | -6,030 | -230 | -200 | -160 | -190 | -170 | -80 | -210 | -380 |
weighted-average shares used for eps calculation | 61,824,843,000 | 56,334,911,000 | 57,976,375,000 | 54,466,143,000 | 52,488,199,000 | 46,584,479,000 | 47,684,363,000 | 44,737,769,000 | 43,454,127,000 | 37,042,081,000 | 39,228,118,000 | 38,448,241,000 | 29,411,612,000 | 177,923,156,000 | 181,361,354,000 | 175,057,360,000 | 170,906,196,000 | 133,917,571,000 | 156,647,259,000 | 155,923,689,000 | 55,688,281,000 |
interest expense | -342,000 | -740,000 | -741,000 | -4,081,000 | -1,825,000 | -1,728,000 | -1,669,000 | -1,551,000 | -699,000 | -444,000 | -504,000 | ||||||||||
income tax expense | -837,250 | 72,000 | -3,616,000 | ||||||||||||||||||
changes in unrealized gain on available-for-sale securities | 21,250 | 109,000 | -70,000 | ||||||||||||||||||
goodwill impairment charges | 67,266,000 | 99,409,000 | |||||||||||||||||||
other comprehensive loss | |||||||||||||||||||||
changes in unrealized loss on available for sale securities | 10,000 | 63,000 | -74,000 | ||||||||||||||||||
total other expense | 1,789,750 | 95,000 | 5,226,000 | 1,838,000 | -155,250 | 14,655,000 | -10,621,000 | -4,655,000 | |||||||||||||
service revenue | |||||||||||||||||||||
cost of services | |||||||||||||||||||||
net loss and comprehensive loss | -16,409,250 | -12,669,000 | -32,011,000 | -20,957,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||
current assets: | |||||||||||||||||||||
cash and cash equivalents | 78,720,000 | 67,413,000 | 87,126,000 | 76,120,000 | 53,984,000 | 45,542,000 | 44,388,000 | 52,687,000 | 48,270,000 | 50,991,000 | 75,585,000 | 91,237,000 | 115,827,000 | 122,932,000 | 133,189,000 | 159,707,000 | 160,783,000 | 182,644,000 | 221,576,000 | 240,148,000 | 257,165,000 |
restricted cash, current | 647,000 | 1,467,000 | 805,000 | 732,000 | 731,000 | 722,000 | 439,000 | 426,000 | 564,000 | 552,000 | 540,000 | 528,000 | 566,000 | 257,000 | 250,000 | 977,000 | 977,000 | 977,000 | 1,008,000 | 276,000 | 276,000 |
short-term investments | 94,398,000 | 141,172,000 | 157,392,000 | 150,385,000 | 114,206,000 | 126,480,000 | 107,045,000 | 131,557,000 | 139,546,000 | 139,158,000 | 124,913,000 | 133,176,000 | 140,909,000 | ||||||||
accounts receivable | 26,195,000 | 27,753,000 | 24,781,000 | 15,383,000 | 17,906,000 | 17,941,000 | 18,412,000 | 14,343,000 | 12,220,000 | 14,577,000 | 13,404,000 | 15,106,000 | 22,848,000 | 11,233,000 | 10,783,000 | 9,382,000 | 9,881,000 | 10,723,000 | 6,705,000 | 4,671,000 | 2,467,000 |
inventory | 29,878,000 | 23,566,000 | 16,513,000 | 13,903,000 | 15,105,000 | 16,417,000 | 18,625,000 | 19,453,000 | 21,070,000 | 23,232,000 | 26,474,000 | 27,812,000 | 28,726,000 | 19,533,000 | 20,804,000 | 17,181,000 | 11,619,000 | 7,448,000 | 6,502,000 | 4,721,000 | 5,293,000 |
prepaid expenses and other current assets | 21,169,000 | 17,517,000 | 18,631,000 | 16,666,000 | 16,659,000 | 12,750,000 | 11,252,000 | 33,530,000 | 34,808,000 | 34,647,000 | 11,971,000 | 12,565,000 | 10,646,000 | 8,543,000 | 6,923,000 | 7,539,000 | 3,006,000 | 5,566,000 | 6,288,000 | 6,367,000 | 4,097,000 |
total current assets | 251,007,000 | 278,888,000 | 305,248,000 | 273,189,000 | 218,591,000 | 219,852,000 | 200,161,000 | 251,996,000 | 256,478,000 | 263,157,000 | 252,887,000 | 280,424,000 | 319,522,000 | 162,498,000 | 171,949,000 | 194,786,000 | 186,266,000 | 207,358,000 | 242,079,000 | 256,183,000 | 269,298,000 |
property and equipment | 33,826,000 | 31,891,000 | 12,864,000 | 10,856,000 | 9,896,000 | 10,164,000 | 8,836,000 | 9,445,000 | 10,513,000 | 10,228,000 | 11,529,000 | 12,739,000 | 14,643,000 | 9,695,000 | 8,594,000 | 8,393,000 | 8,968,000 | 10,054,000 | 8,411,000 | 8,562,000 | 9,101,000 |
operating lease, right-of-use assets | 13,865,000 | 13,452,000 | 13,503,000 | 14,308,000 | 15,607,000 | 16,822,000 | 17,411,000 | 18,561,000 | 19,812,000 | 21,069,000 | 21,968,000 | 12,997,000 | 13,652,000 | 14,369,000 | 14,582,000 | 15,156,000 | 9,779,000 | 10,024,000 | 10,551,000 | ||
unbilled receivable, non-current portion | 5,240,000 | 8,560,000 | 6,103,000 | 6,083,000 | 6,047,000 | 10,133,000 | 7,214,000 | 7,127,000 | 7,043,000 | ||||||||||||
goodwill | 38,525,000 | 67,266,000 | 51,152,000 | 51,151,000 | 51,151,000 | 51,076,000 | 51,076,000 | ||||||||||||||
intangible assets | 35,007,000 | 13,316,000 | 14,450,000 | 15,583,000 | 16,710,000 | 17,830,000 | 19,172,000 | 20,930,000 | 22,592,000 | 24,436,000 | 26,053,000 | 27,951,000 | 29,654,000 | 18,165,000 | 19,286,000 | 20,408,000 | 21,530,000 | 22,652,000 | |||
restricted cash, non-current | 1,100,000 | 1,100,000 | 1,835,000 | 1,835,000 | 1,835,000 | 1,835,000 | 1,892,000 | 1,092,000 | 1,091,000 | 1,091,000 | 1,090,000 | 1,090,000 | 1,089,000 | 1,089,000 | 1,088,000 | 1,088,000 | 1,035,000 | 1,035,000 | 1,004,000 | 1,004,000 | 1,004,000 |
other non-current assets | 2,942,000 | 2,309,000 | 2,090,000 | 1,753,000 | 2,005,000 | 2,026,000 | 2,344,000 | 2,463,000 | 2,555,000 | 2,703,000 | 2,877,000 | 3,079,000 | 3,199,000 | 541,000 | 554,000 | 355,000 | 452,000 | 371,000 | 62,000 | ||
total assets | 381,512,000 | 349,516,000 | 353,772,000 | 321,840,000 | 268,587,000 | 276,148,000 | 255,226,000 | 309,875,000 | 317,683,000 | 330,743,000 | 321,831,000 | 353,785,000 | 463,998,000 | 256,137,000 | 266,274,000 | 290,550,000 | 283,909,000 | 307,702,000 | 261,273,000 | 275,773,000 | 290,016,000 |
liabilities and stockholders’ equity | |||||||||||||||||||||
current liabilities: | |||||||||||||||||||||
accounts payable | 17,403,000 | 19,984,000 | 16,370,000 | 12,840,000 | 10,331,000 | 6,288,000 | 5,862,000 | 4,490,000 | 6,122,000 | 3,545,000 | 7,932,000 | 10,296,000 | 17,634,000 | 8,798,000 | 8,154,000 | 5,825,000 | 9,469,000 | 4,863,000 | 4,461,000 | 3,825,000 | 3,933,000 |
accrued and other current liabilities | 38,193,000 | 26,200,000 | 40,742,000 | 36,342,000 | 39,985,000 | 30,591,000 | 28,907,000 | 48,506,000 | 56,375,000 | 58,166,000 | 35,793,000 | 39,843,000 | 41,683,000 | 17,473,000 | 14,395,000 | 14,520,000 | 11,789,000 | 14,173,000 | 11,438,000 | 6,259,000 | 4,645,000 |
contract liabilities, current | 24,159,000 | 20,705,000 | 29,189,000 | 29,464,000 | 27,374,000 | 34,351,000 | 22,121,000 | 13,812,000 | 13,429,000 | ||||||||||||
operating lease liability, current portion | 4,561,000 | 4,142,000 | 7,488,000 | 7,438,000 | 7,272,000 | 7,196,000 | 7,244,000 | 7,263,000 | 7,153,000 | 7,096,000 | 7,078,000 | 7,317,000 | 7,404,000 | 3,221,000 | 3,127,000 | 3,067,000 | 2,888,000 | 3,067,000 | 3,057,000 | 2,895,000 | 2,833,000 |
total current liabilities | 84,316,000 | 71,031,000 | 93,789,000 | 86,084,000 | 84,962,000 | 78,426,000 | 64,134,000 | 74,071,000 | 83,079,000 | 81,692,000 | 61,579,000 | 67,232,000 | 72,686,000 | 29,492,000 | 25,676,000 | 23,412,000 | 24,146,000 | 22,103,000 | 18,956,000 | 12,979,000 | 11,411,000 |
operating lease liability, non-current portion | 12,824,000 | 12,938,000 | 8,411,000 | 10,216,000 | 11,693,000 | 13,054,000 | 14,693,000 | 16,239,000 | 17,278,000 | ||||||||||||
contract liabilities, non-current portion | 2,951,000 | 3,106,000 | 3,326,000 | 3,588,000 | 2,999,000 | 2,538,000 | 3,356,000 | 3,487,000 | 4,483,000 | ||||||||||||
deferred tax liability | 5,147,000 | ||||||||||||||||||||
other non-current liabilities | 653,000 | 703,000 | 804,000 | 919,000 | 990,000 | 1,219,000 | 1,294,000 | 1,495,000 | 1,638,000 | 1,610,000 | 1,493,000 | 1,708,000 | 2,155,000 | 1,872,000 | 1,561,000 | 1,365,000 | 1,018,000 | 1,065,000 | 905,000 | 899,000 | 956,000 |
total liabilities | 105,891,000 | 87,778,000 | 106,330,000 | 100,807,000 | 100,644,000 | 95,237,000 | 83,477,000 | 139,265,000 | 150,451,000 | 151,071,000 | 127,784,000 | 136,794,000 | 141,262,000 | 84,518,000 | 60,982,000 | 59,579,000 | 46,730,000 | 47,002,000 | 40,693,000 | 49,771,000 | 38,261,000 |
commitments and contingencies | |||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||
common stock, 0.0001 par value... | 48,000 | 48,000 | 48,000 | 47,000 | 47,000 | 47,000 | 47,000 | 44,000 | 44,000 | 42,000 | 39,000 | 39,000 | 39,000 | 19,000 | 18,000 | 18,000 | 17,000 | 17,000 | 16,000 | 16,000 | 16,000 |
additional paid-in capital | 1,267,048,000 | 1,235,580,000 | 1,225,309,000 | 1,177,232,000 | 1,103,861,000 | 1,094,938,000 | 1,061,180,000 | 1,035,087,000 | 1,007,502,000 | 995,464,000 | 971,419,000 | 959,111,000 | 942,072,000 | 613,665,000 | 605,195,000 | 594,800,000 | 572,933,000 | 564,045,000 | 495,576,000 | 488,329,000 | 482,071,000 |
accumulated deficit | -990,913,000 | -973,448,000 | -977,433,000 | -955,700,000 | -935,088,000 | -913,071,000 | -889,334,000 | -863,744,000 | -839,875,000 | -816,026,000 | -777,031,000 | -741,929,000 | -619,196,000 | -441,916,000 | -399,740,000 | -363,753,000 | -335,753,000 | -303,356,000 | -275,012,000 | -262,343,000 | -230,332,000 |
accumulated other comprehensive income | -562,000 | -442,000 | -482,000 | -546,000 | -877,000 | -1,003,000 | -144,000 | -777,000 | -439,000 | 192,000 | |||||||||||
total stockholders’ equity | 275,621,000 | 261,738,000 | 247,442,000 | 221,033,000 | 167,943,000 | 180,911,000 | 171,749,000 | 170,610,000 | 167,232,000 | 179,672,000 | 194,047,000 | 216,991,000 | 322,736,000 | 171,619,000 | 205,292,000 | 230,971,000 | 237,179,000 | 260,700,000 | |||
total liabilities and stockholders’ equity | 381,512,000 | 349,516,000 | 353,772,000 | 321,840,000 | 268,587,000 | 276,148,000 | 255,226,000 | 309,875,000 | 317,683,000 | 330,743,000 | 321,831,000 | 353,785,000 | 463,998,000 | ||||||||
operating lease right-of-use assets | 11,182,000 | 12,541,000 | |||||||||||||||||||
debt | 43,973,000 | 43,973,000 | 43,975,000 | 40,422,000 | 40,135,000 | 39,853,000 | 39,574,000 | 19,181,000 | 19,119,000 | ||||||||||||
unbilled receivable, long-term portion | 10,567,000 | 7,583,000 | 7,433,000 | 6,657,000 | |||||||||||||||||
contract liabilities | 12,885,000 | 10,776,000 | 9,776,000 | 5,965,000 | |||||||||||||||||
operating lease liability, long-term portion | 18,827,000 | 20,376,000 | 22,455,000 | 23,908,000 | 13,400,000 | 14,288,000 | 15,191,000 | 15,685,000 | 16,208,000 | 9,853,000 | 10,422,000 | 11,169,000 | |||||||||
contract liability, long-term portion | 4,967,000 | ||||||||||||||||||||
contract liabilities, long-term portion | 3,914,000 | 5,264,000 | 2,660,000 | ||||||||||||||||||
accumulated other comprehensive loss | -380,000 | -230,000 | -179,000 | -149,000 | -181,000 | -94,000 | -18,000 | -6,000 | |||||||||||||
liabilities, redeemable convertible preferred stock and stockholders’ equity | |||||||||||||||||||||
warrant liabilities | 180,000 | 276,000 | 492,000 | 5,881,000 | 7,626,000 | 10,979,000 | 25,471,000 | 14,725,000 | |||||||||||||
redeemable convertible preferred stock, 0.0001 par value per share... | |||||||||||||||||||||
total liabilities, redeemable convertible preferred stock, and stockholders’ equity | 256,137,000 | 266,274,000 | 290,550,000 | 283,909,000 | 307,702,000 | ||||||||||||||||
stockholders’ equity | |||||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders' equity | |||||||||||||||||||||
short-term debt | |||||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders’ equity / | |||||||||||||||||||||
stockholders’ equity / | |||||||||||||||||||||
preferred stock, 0.0001 par value... | |||||||||||||||||||||
total stockholders’ equity / | 220,580,000 | 226,002,000 | 251,755,000 | ||||||||||||||||||
total liabilities, redeemable convertible preferred stock, and stockholders’ equity / | 261,273,000 | 275,773,000 | 290,016,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||
net loss | -17,465,000 | 3,985,000 | -21,733,000 | -20,612,000 | -22,017,000 | -23,737,000 | -25,590,000 | -23,869,000 | -23,849,000 | -38,995,000 | -35,102,000 | -122,733,000 | -177,280,000 | -42,176,000 | -35,987,000 | -28,000,000 | -32,397,000 | -28,344,000 | -12,669,000 | -32,011,000 | -20,957,000 | |
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||
depreciation and amortization | 2,703,000 | 2,074,000 | 2,053,000 | 1,859,000 | 1,795,000 | 1,993,000 | 2,446,000 | 2,500,000 | 2,897,000 | 2,858,000 | 3,685,000 | 4,446,000 | 6,159,000 | 2,386,000 | 2,331,000 | 2,354,000 | 2,385,000 | 2,049,000 | 1,174,000 | 1,159,000 | 1,095,000 | |
loss on write-off and disposal of property and equipment | ||||||||||||||||||||||
gain on lease termination | 0 | 0 | -65,000 | 0 | ||||||||||||||||||
stock-based compensation | 7,494,000 | 7,271,000 | 11,829,000 | 13,226,000 | 8,498,000 | 8,841,000 | 11,519,000 | 10,695,000 | 9,404,000 | 11,107,000 | 8,372,000 | 16,466,000 | 21,780,000 | 7,997,000 | 8,455,000 | 8,119,000 | 8,750,000 | 6,806,000 | 7,147,000 | 6,154,000 | 5,256,000 | |
deferred taxes | -360,000 | |||||||||||||||||||||
reduction of revenue related to stock warrant issued to customer | 1,101,000 | 569,000 | 1,033,000 | 624,000 | 397,000 | 31,000 | 373,000 | 293,000 | 195,000 | 240,000 | 227,000 | |||||||||||
amortization of right-of-use asset | 820,000 | 1,240,000 | 1,359,000 | 1,264,000 | 1,245,000 | 1,298,000 | 1,215,000 | 1,241,000 | 1,150,000 | 1,251,000 | ||||||||||||
accretion on short-term investments | -454,000 | |||||||||||||||||||||
change in fair value of warrant liabilities | -118,000 | -237,000 | 341,000 | -112,000 | 88,000 | -218,000 | 6,000 | 21,000 | 116,000 | 59,000 | -20,000 | -106,000 | -96,000 | -216,000 | -5,389,000 | -1,745,000 | -3,353,000 | -14,492,000 | 10,746,000 | 4,152,000 | ||
(recovery) provision for inventory write-down | -488,000 | 178,000 | ||||||||||||||||||||
recovery of doubtful accounts | -16,000 | |||||||||||||||||||||
realized gain on sale of available for sale securities | -9,000 | |||||||||||||||||||||
changes in operating assets and liabilities, net of effects of business acquisition: | ||||||||||||||||||||||
accounts receivable | 6,472,000 | -5,087,000 | -9,401,000 | 2,334,000 | 4,137,000 | -2,136,000 | -3,503,000 | -2,174,000 | 6,089,000 | -924,000 | 1,078,000 | 6,870,000 | -3,450,000 | -787,000 | -1,410,000 | 499,000 | 842,000 | -3,629,000 | -2,034,000 | -2,204,000 | -140,000 | |
inventory | -3,665,000 | -7,230,000 | -1,594,000 | 998,000 | 1,051,000 | 884,000 | 814,000 | 1,612,000 | 1,425,000 | 427,000 | -830,000 | -1,315,000 | -2,329,000 | 565,000 | -4,069,000 | -5,807,000 | -4,373,000 | -889,000 | -2,503,000 | 428,000 | -476,000 | |
prepaid expenses and other assets | -153,000 | 2,374,000 | -2,303,000 | 243,000 | -3,883,000 | -1,182,000 | 22,398,000 | 1,369,000 | -1,268,000 | -22,251,000 | 1,802,000 | -1,798,000 | 672,000 | -1,608,000 | 417,000 | -4,437,000 | 2,480,000 | 308,000 | 79,000 | 1,165,000 | -1,202,000 | |
accounts payable | -3,536,000 | 3,986,000 | 2,791,000 | 2,305,000 | 4,120,000 | 138,000 | 1,380,000 | -1,678,000 | 2,636,000 | -4,408,000 | -2,371,000 | -7,229,000 | 5,488,000 | 966,000 | 2,131,000 | -3,713,000 | 4,807,000 | 265,000 | 610,000 | -3,316,000 | -1,000 | |
accrued and other liabilities | 134,000 | -11,921,000 | 2,078,000 | -4,713,000 | 8,691,000 | 1,407,000 | -19,636,000 | -8,072,000 | -1,758,000 | 18,310,000 | -5,450,000 | 4,439,000 | -9,218,000 | 3,354,000 | 171,000 | 2,222,000 | -2,551,000 | 2,000,000 | 5,368,000 | 1,946,000 | -254,000 | |
contract liabilities | 1,020,000 | -9,925,000 | -538,000 | 2,679,000 | -6,515,000 | 11,411,000 | 8,178,000 | -613,000 | 60,000 | 6,187,000 | -349,000 | -185,000 | 944,000 | |||||||||
operating lease liability | -895,000 | -1,705,000 | -1,755,000 | -1,613,000 | -1,660,000 | -1,686,000 | -1,566,000 | -1,579,000 | -1,492,000 | -1,533,000 | -1,509,000 | -1,541,000 | -984,000 | -794,000 | -843,000 | -816,000 | -772,000 | 100,000 | -407,000 | -685,000 | -678,000 | |
net cash from operating activities | -7,281,000 | -15,426,000 | -18,342,000 | -1,309,000 | -4,879,000 | -2,561,000 | -3,767,000 | -21,644,000 | -5,722,000 | -24,187,000 | -27,225,000 | -33,466,000 | -53,012,000 | -27,400,000 | -27,897,000 | -33,566,000 | -21,827,000 | -25,955,000 | -16,760,000 | -15,947,000 | -12,399,000 | |
capital expenditures | -2,561,000 | -21,750,000 | -1,702,000 | -889,000 | -552,000 | -1,449,000 | -566,000 | -359,000 | -1,382,000 | -373,000 | -660,000 | -967,000 | -1,006,000 | -3,069,000 | -1,076,000 | -861,000 | -416,000 | -2,509,000 | -1,115,000 | -62,000 | -597,000 | |
free cash flows | -9,842,000 | -37,176,000 | -20,044,000 | -2,198,000 | -5,431,000 | -4,010,000 | -4,333,000 | -22,003,000 | -7,104,000 | -24,560,000 | -27,885,000 | -34,433,000 | -54,018,000 | -30,469,000 | -28,973,000 | -34,427,000 | -22,243,000 | -28,464,000 | -17,875,000 | -16,009,000 | -12,996,000 | |
cash flows from investing activities | ||||||||||||||||||||||
purchases of property and equipment | -2,561,000 | -21,750,000 | -1,702,000 | -889,000 | -552,000 | -1,449,000 | -566,000 | -359,000 | -1,382,000 | -373,000 | -660,000 | -967,000 | -1,006,000 | -3,069,000 | -1,076,000 | -861,000 | -416,000 | -2,509,000 | -1,115,000 | -62,000 | -597,000 | |
purchase of short-term investments | -10,802,000 | -31,189,000 | -38,738,000 | -65,828,000 | -13,858,000 | -58,988,000 | -35,865,000 | -25,235,000 | -24,485,000 | -55,083,000 | -33,467,000 | -43,551,000 | -5,003,000 | |||||||||
proceeds from sales and maturities of short-term investments | 57,919,000 | |||||||||||||||||||||
acquisition of stereolabs, net of cash acquired | -27,493,000 | |||||||||||||||||||||
net cash from investing activities | 17,063,000 | -4,684,000 | -7,690,000 | -36,467,000 | 12,590,000 | -20,206,000 | 25,789,000 | 9,538,000 | -469,000 | -12,923,000 | 8,873,000 | 8,374,000 | 46,277,000 | -3,069,000 | -1,076,000 | -861,000 | -141,000 | -13,455,000 | -1,115,000 | -62,000 | -597,000 | |
cash flows from financing activities | ||||||||||||||||||||||
proceeds from exercise of stock options | 94,000 | 0 | 35,000 | 20,000 | 28,000 | 35,000 | 19,000 | 42,000 | 109,000 | 28,000 | 93,000 | 132,000 | 18,000 | 72,000 | 146,000 | 43,000 | 209,000 | -13,000 | 35,000 | 0 | 504,000 | |
payments received to fund employees tax obligation for vested rsus | 611,000 | |||||||||||||||||||||
net cash from financing activities | 705,000 | 282,000 | 37,155,000 | 59,513,000 | 660,000 | 16,682,000 | 3,653,000 | 12,272,000 | 2,925,000 | 442,000 | 18,000 | 20,188,000 | 1,815,000 | 33,480,000 | 119,000 | 478,000 | 35,000 | -1,008,000 | 258,799,000 | |||
effect of exchange rates on cash and cash equivalents | 42,000 | -44,000 | 400,000 | 80,000 | -681,000 | 261,000 | -297,000 | -170,000 | 257,000 | -213,000 | 23,000 | -79,000 | 32,000 | -87,000 | -76,000 | -12,000 | ||||||
net increase in cash, cash equivalents and restricted cash | 10,487,000 | -19,786,000 | 11,079,000 | 22,137,000 | 8,451,000 | -10,249,000 | -27,245,000 | -1,023,000 | -21,861,000 | -38,932,000 | -17,840,000 | -17,017,000 | 245,803,000 | |||||||||
cash, cash equivalents and restricted cash at beginning of period | 69,980,000 | 0 | 0 | 48,099,000 | 0 | 1,000 | 52,633,000 | 0 | 0 | 124,278,000 | 0 | 0 | 184,656,000 | 0 | 0 | 12,642,000 | ||||||
cash, cash equivalents and restricted cash at end of period | 80,467,000 | 11,079,000 | 22,137,000 | 56,550,000 | -7,486,000 | 4,280,000 | 49,925,000 | -15,640,000 | -24,627,000 | 117,482,000 | -27,245,000 | -1,023,000 | 162,795,000 | -17,840,000 | -17,017,000 | 258,445,000 | ||||||
supplemental disclosures of operating activities: | ||||||||||||||||||||||
income tax refunds, net of payments | -2,118,000 | |||||||||||||||||||||
supplemental disclosures of non-cash investing and financing information: | ||||||||||||||||||||||
property and equipment purchases included in accounts payable and accrued liabilities | 333,000 | -823,000 | 1,246,000 | 614,000 | 129,000 | 224,000 | 0 | -332,000 | 377,000 | 43,000 | 156,000 | 78,000 | 100,000 | |||||||||
right-of-use assets obtained in exchange for operating lease liability | 0 | 302,000 | 440,000 | 0 | 0 | |||||||||||||||||
common stock shares issued in the acquisition of stereolabs | 22,780,000 | |||||||||||||||||||||
non-cash interest income | ||||||||||||||||||||||
accretion or amortization on short-term investments | -839,000 | -912,000 | -666,000 | -822,000 | -856,000 | -1,306,000 | -1,447,000 | -1,486,000 | -1,382,000 | -1,206,000 | -1,292,000 | -805,000 | ||||||||||
provision (recovery of) for doubtful accounts | 307,000 | -653,000 | -33,000 | -208,000 | ||||||||||||||||||
realized gain on sale of investments | ||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||
proceeds from sale of property & equipment | 0 | 0 | ||||||||||||||||||||
proceeds from espp purchase | 975,000 | 0 | 922,000 | 0 | 864,000 | 0 | ||||||||||||||||
payments received (remitted) to fund employees tax obligation for vested rsus | -2,030,000 | 2,083,000 | -275,000 | 632,000 | ||||||||||||||||||
repayments of borrowings | ||||||||||||||||||||||
proceeds from the issuance of common stock under at-the-market offering, net of commissions and fees | 1,526,000 | 35,259,000 | 24,014,000 | 14,294,000 | 15,911,000 | 3,587,000 | 11,639,000 | 0 | 1,754,000 | |||||||||||||
at-the-market offering costs for the issuance of common stock | -189,000 | -222,000 | -144,000 | -107,000 | -52,000 | -43,000 | -259,000 | -263,000 | -82,000 | |||||||||||||
cash, cash equivalents and restricted cash at beginning of year | ||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of year | ||||||||||||||||||||||
cash paid for interest | 985,000 | 566,000 | 0 | 0 | 0 | 635,000 | ||||||||||||||||
right-of-use assets obtained in exchange for operating lease liabilities | ||||||||||||||||||||||
loss on write-off and disposal of property and equipment and right-of-use asset impairment | 21,000 | 69,000 | 16,000 | -67,000 | ||||||||||||||||||
provision (recovery) of doubtful accounts | -17,000 | |||||||||||||||||||||
realized gain on available for sale securities | 0 | 0 | 0 | -275,000 | ||||||||||||||||||
proceeds from sale of property and equipment | 166,000 | 0 | 392,000 | 168,000 | 275,000 | |||||||||||||||||
proceeds from sales of short-term investments | 32,750,000 | 30,250,000 | 27,000,000 | 40,231,000 | 62,054,000 | 34,630,000 | 25,398,000 | 42,533,000 | 43,000,000 | 52,500,000 | 19,981,000 | |||||||||||
repayment of borrowings | ||||||||||||||||||||||
inventory write down | 204,000 | 261,000 | 1,324,000 | 14,000 | 5,000 | 737,000 | 2,229,000 | 2,836,000 | 706,000 | 447,000 | 244,000 | 203,000 | -58,000 | 722,000 | ||||||||
goodwill impairment charges | 0 | 0 | 67,266,000 | 99,409,000 | ||||||||||||||||||
interest expense and loss on debt extinguishment | ||||||||||||||||||||||
amortization of debt issuance costs and debt discount | 0 | 65,000 | 63,000 | 62,000 | 56,000 | 62,000 | 0 | 0 | 0 | 250,000 | ||||||||||||
cash and cash equivalents acquired in the velodyne merger | 0 | 0 | 0 | 32,137,000 | ||||||||||||||||||
proceeds from borrowings, net of debt discount and issuance costs | 20,000,000 | 0 | ||||||||||||||||||||
net increase decrease in cash, cash equivalents and restricted cash | ||||||||||||||||||||||
common stock shares issued in the velodyne merger | ||||||||||||||||||||||
common stock warrants issued in the velodyne merger | ||||||||||||||||||||||
interest expense | 223,000 | 204,000 | 685,000 | 509,000 | -112,000 | |||||||||||||||||
net cash (used) provided by financing activities | ||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -7,486,000 | 4,279,000 | -2,708,000 | -15,640,000 | -24,627,000 | -6,796,000 | ||||||||||||||||
loss on write-off of construction in progress and right-of-use asset impairment | 309,000 | 0 | 0 | 1,423,000 | ||||||||||||||||||
gain from disposal of property and equipment | 0 | 0 | 0 | -100,000 | ||||||||||||||||||
loss from disposal of property and equipment | 145,000 | |||||||||||||||||||||
provision for doubtful accounts | 331,000 | 474,000 | 96,000 | 445,000 | 337,000 | |||||||||||||||||
repurchase of common stock | 1,000 | -3,000 | -12,000 | -31,000 | -2,000 | 0 | 0 | -43,000 | ||||||||||||||
taxes paid related to net share settlement of restricted stock units | ||||||||||||||||||||||
proceeds from the issuance of common stock under at-the-market offering not received | ||||||||||||||||||||||
inventory write-downs and purchase commitment losses | ||||||||||||||||||||||
changes in operating assets and liabilities, net of acquisition effects: | ||||||||||||||||||||||
change in right-of-use asset | 900,000 | 1,112,000 | 655,000 | 717,000 | 714,000 | 644,000 | 888,000 | 245,000 | 527,000 | 520,000 | ||||||||||||
deferred income taxes | ||||||||||||||||||||||
change in fair value of derivative liability | ||||||||||||||||||||||
gain on extinguishment of tranche right liability | ||||||||||||||||||||||
acquisition, net of cash acquired | ||||||||||||||||||||||
proceeds from the merger and private offering | -12,000 | 0 | 0 | 291,454,000 | ||||||||||||||||||
payment of offering costs | 504,000 | 0 | -1,008,000 | -26,116,000 | ||||||||||||||||||
repayment of debt | 0 | 0 | 0 | -7,000,000 | ||||||||||||||||||
proceeds from issuance of promissory notes to related parties | 0 | 0 | 0 | 5,000,000 | ||||||||||||||||||
repayment of promissory notes to related parties | 0 | 0 | 0 | -5,000,000 | ||||||||||||||||||
proceeds from exercise of warrants | ||||||||||||||||||||||
proceeds from issuance of redeemable convertible preferred stock, net off issuance cost of 265 | ||||||||||||||||||||||
equity issued in connection with acquisition | ||||||||||||||||||||||
issuance of redeemable convertible preferred stock upon exercise of warrants | 0 | 0 | 0 | 58,097,000 | ||||||||||||||||||
conversion of redeemable convertible preferred stock to common stock | 0 | 0 | 0 | 97,322,000 | ||||||||||||||||||
unpaid at-the-market offering costs | -262,000 | |||||||||||||||||||||
taxes paid related to net share settlement of restricted stock awards | 0 | |||||||||||||||||||||
private placement warrants acquired as part of the merger | 0 | 0 | 19,377,000 | |||||||||||||||||||
interest expense on notes and convertible debt | 0 | 0 | 0 | 36,000 | ||||||||||||||||||
taxes paid related to net share settlement of equity awards | -59,000 | |||||||||||||||||||||
supplemental disclosures of cash flow information: | ||||||||||||||||||||||
offering costs not yet paid | 504,000 | |||||||||||||||||||||
write-off of property and equipment | ||||||||||||||||||||||
services exchanged for common stock | ||||||||||||||||||||||
proceeds from issuance of convertible notes | ||||||||||||||||||||||
proceeds from issuance of debt | ||||||||||||||||||||||
issuance of common stock upon exercise of restricted stock awards | ||||||||||||||||||||||
proceeds from issuance of series b redeemable convertible preferred stock, net of issuance cost of 265 | ||||||||||||||||||||||
issuance of common stock pursuant to the conversion of convertible notes and accrued interest | ||||||||||||||||||||||
reclassification of common stock on exercise of stock options with notes receivable from stockholders | ||||||||||||||||||||||
warrants issued in connection with the closing of the series b redeemable convertible preferred stock | ||||||||||||||||||||||
recognition of tranche right liability upon issuance | ||||||||||||||||||||||
inventory obsolescence impairment | ||||||||||||||||||||||
net income | -59,514 | |||||||||||||||||||||
less: income attributable to ordinary shares subject to possible redemption | -1,659 | |||||||||||||||||||||
adjusted net income | -61,173 | |||||||||||||||||||||
weighted-average shares outstanding, basic and diluted | 5,409,457 | |||||||||||||||||||||
basic and diluted net income per ordinary share | -0.01 | |||||||||||||||||||||
class a ordinary shares subject to possible redemption | ||||||||||||||||||||||
numerator: earnings allocable to class a ordinary shares subject to possible redemption | ||||||||||||||||||||||
interest income | ||||||||||||||||||||||
unrealized gain on investments held in trust account | ||||||||||||||||||||||
net income allocable to class a ordinary shares subject to possible redemption | ||||||||||||||||||||||
denominator: weighted-average class a ordinary shares subject to possible redemption | ||||||||||||||||||||||
basic and diluted weighted-average shares outstanding | ||||||||||||||||||||||
basic and diluted net income per share | ||||||||||||||||||||||
non-redeemable ordinary shares | ||||||||||||||||||||||
numerator: net income minus net earnings | ||||||||||||||||||||||
less: net income allocable to class a ordinary shares subject to possible redemption | ||||||||||||||||||||||
non-redeemable net income | ||||||||||||||||||||||
denominator: weighted-average non-redeemable ordinary shares |

