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Ouster (OUST) investor relations material

Ouster Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Ouster Inc
Q3 2025 earnings summary4 Nov, 2025

Executive summary

  • Achieved record Q3 2025 revenue of $39.5 million, up 41% year-over-year, with over 7,200 sensors shipped and the 11th consecutive quarter of growth.

  • Gross margin improved to 42% from 38% in Q3 2024, driven by lower inventory charges and higher sensor volumes.

  • Ended the quarter with $247 million in cash, cash equivalents, restricted cash, and short-term investments, with no debt.

  • Strategic focus on scaling software-attached business, transforming product portfolio, and executing towards profitability.

  • Expanded deployments in smart infrastructure, industrial, and robotics, with major wins in logistics, traffic management, and autonomous delivery.

Financial highlights

  • Revenue grew 41% year-over-year and 13% sequentially; nine-month revenue reached $107.2 million, up 32% year-over-year.

  • GAAP gross margin was 42% (up from 38% in Q3 2024); non-GAAP gross margin was 47% (up from 45%).

  • Net loss for Q3 2025 was $21.7 million, improved from $25.6 million in Q3 2024; net loss per share was $(0.37).

  • Adjusted EBITDA loss was $10 million, flat year-over-year, and $4 million lower sequentially.

  • Cash used in operations was $24.5 million for the nine months ended September 30, 2025.

Outlook and guidance

  • Q4 2025 revenue guidance set between $39.5 million and $42.5 million.

  • Long-term annual gross margin target remains at 35%-40%; management targets 30%-50% annual revenue growth.

  • Plans to keep operating expenses at or below Q3 2023 levels and expand use of lower-cost locations.

  • Existing liquidity is sufficient for at least the next twelve months, but additional capital may be needed for future growth.

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Frequently asked questions

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. Founded in 2015 by a team of robotics and sensor engineers, Ouster has developed a unique approach to building lidar sensors that combines proprietary silicon MEMS technology with advanced signal processing.

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