Ouster (OUST)


Market Price (10/16/2026): $31.23 | Market Cap: $2.1 BilSector: Information Technology | Industry: Electronic Components

Ouster (OUST)


Market Price (10/16/2026): $31.23
Market Cap: $2.1 Bil
Sector: Information Technology
Industry: Electronic Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 63%

Megatrend and thematic drivers
Megatrends include Autonomous Technologies, Electric Vehicles & Autonomous Driving, and Automation & Robotics. Themes include Machine Vision, Show more.

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -63 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -31%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 19%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -40%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 67%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.4%

High stock price volatility
Vol 12M is 105%

Key risks
OUST key risks include [1] its limited operating history and inability to achieve or sustain profitability and [2] a dependence on a limited number of key third-party suppliers and manufacturers.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 63%
2 Megatrend and thematic drivers
Megatrends include Autonomous Technologies, Electric Vehicles & Autonomous Driving, and Automation & Robotics. Themes include Machine Vision, Show more.
3 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -63 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -31%
5 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 19%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -40%
7 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 67%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.4%
9 High stock price volatility
Vol 12M is 105%
10 Key risks
OUST key risks include [1] its limited operating history and inability to achieve or sustain profitability and [2] a dependence on a limited number of key third-party suppliers and manufacturers.

OUST in ETFs

Weight = OUST's share of each fund

VTI0.00%
ITOT0.00%
IWM0.09%
ROBO1.3%
BOTZ0.72%
IWO0.18%
SCHA0.07%
VTWO0.07%
+7 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/14/2026

Ouster (OUST) stock has lost about 50% since 6/30/2026 because of the following key factors:

1. Ouster's Q2 2026 earnings missed analyst expectations, contributing to negative investor sentiment. The company reported an EPS of -$0.26 for fiscal Q2 2026 on August 6, 2026, which was $0.14 lower than analysts' consensus estimates of -$0.12. Although quarterly revenue of $54.63 million surpassed expectations, the significant earnings per share miss likely impacted the stock price negatively.

2. Significant insider selling activity occurred during the period. Over the trailing six months, Ouster insiders conducted open-market sales totaling $47.5 million. Notably, CFO Kenneth P. Gianella sold 40,000 shares on August 18, 2026, at prices between $44.65 and $47.09. Additionally, CEO Charles Pacala sold 30,385 shares for approximately $1.03 million on September 14, 2026, at an average price of $33.96.

Show more
Updated on 10/14/2026

Ouster (OUST) stock has lost about 50% since 6/30/2026 because of the following key factors:

1. Ouster's Q2 2026 earnings missed analyst expectations, contributing to negative investor sentiment. The company reported an EPS of -$0.26 for fiscal Q2 2026 on August 6, 2026, which was $0.14 lower than analysts' consensus estimates of -$0.12. Although quarterly revenue of $54.63 million surpassed expectations, the significant earnings per share miss likely impacted the stock price negatively.

2. Significant insider selling activity occurred during the period. Over the trailing six months, Ouster insiders conducted open-market sales totaling $47.5 million. Notably, CFO Kenneth P. Gianella sold 40,000 shares on August 18, 2026, at prices between $44.65 and $47.09. Additionally, CEO Charles Pacala sold 30,385 shares for approximately $1.03 million on September 14, 2026, at an average price of $33.96.

3. Intensifying competition in the Lidar market likely pressured Ouster's valuation. During fiscal Q3 2026 (the quarter ending September 30, 2026), competitors such as RoboSense and Seyond reported substantial year-over-year growth in LiDAR shipments. RoboSense's quarterly LiDAR sales hit a new high of 595,600 units, a 220.9% increase year-on-year. Similarly, Seyond's Q3 2026 LiDAR shipments reached approximately 268,900 units, up 217% year-over-year, with its Robin series exceeding 200,000 units for the first time. This strong competitive performance highlights potential challenges for Ouster in a rapidly expanding yet competitive market.

4. Analyst sentiment, while mixed, included a notable "sell" rating, fostering investor caution. Despite several analysts maintaining "Buy" or "Outperform" ratings with price targets ranging up to $60.00 or $75.00, Weiss Ratings reiterated a "sell (d-)" rating on Ouster shares on August 12, 2026. This explicit "sell" recommendation amid overall cautious optimism could have contributed to investor uncertainty and selling pressure on the stock.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

6/30/2026 to 10/15/2026
ReturnCorrelation
OUST-49.0% 
Market (SPY)3.4%57.2%
Sector (XLK)-0.0%74.3%

Fundamental Drivers

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Market Drivers

3/31/2026 to 10/15/2026
ReturnCorrelation
OUST73.5% 
Market (SPY)19.0%55.7%
Sector (XLK)43.5%64.8%

Fundamental Drivers

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Market Drivers

9/30/2025 to 10/15/2026
ReturnCorrelation
OUST17.8% 
Market (SPY)16.8%56.1%
Sector (XLK)35.7%61.4%

Fundamental Drivers

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Market Drivers

9/30/2023 to 10/15/2026
ReturnCorrelation
OUST532.3% 
Market (SPY)86.7%42.8%
Sector (XLK)136.5%44.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
OUST Return-61%-83%-11%59%77%47%-76%
Peers Return-39%-75%-38%-23%63%-10%-89%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
OUST Win Rate42%25%42%67%42%40% 
Peers Win Rate44%39%42%39%39%33% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
OUST Max Drawdown-67%-85%-82%-64%-57%-50% 
Peers Max Drawdown-75%-80%-81%-71%-71%-68% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AEVA, MVIS, LIDR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/15/2026 (YTD)

How Low Can It Go

EventOUSTS&P 500
2025 US Tariff Shock
  % Loss-35.3%-18.8%
  % Gain to Breakeven54.5%23.1%
  Time to Breakeven31 days79 days
2024 Yen Carry Trade Unwind
  % Loss-35.6%-7.8%
  % Gain to Breakeven55.3%8.5%
  Time to Breakeven130 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-32.9%-9.5%
  % Gain to Breakeven48.9%10.5%
  Time to Breakeven37 days24 days
2023 SVB Regional Banking Crisis
  % Loss-76.4%-6.7%
  % Gain to Breakeven322.8%7.1%
  Time to Breakeven444 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-85.0%-24.5%
  % Gain to Breakeven566.7%32.4%
  Time to Breakeven1356 days427 days

Compare to AEVA, MVIS, LIDR

In The Past

Ouster's stock fell -35.3% during the 2025 US Tariff Shock. Such a loss loss requires a 54.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventOUSTS&P 500
2025 US Tariff Shock
  % Loss-35.3%-18.8%
  % Gain to Breakeven54.5%23.1%
  Time to Breakeven31 days79 days
2024 Yen Carry Trade Unwind
  % Loss-35.6%-7.8%
  % Gain to Breakeven55.3%8.5%
  Time to Breakeven130 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-32.9%-9.5%
  % Gain to Breakeven48.9%10.5%
  Time to Breakeven37 days24 days
2023 SVB Regional Banking Crisis
  % Loss-76.4%-6.7%
  % Gain to Breakeven322.8%7.1%
  Time to Breakeven444 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-85.0%-24.5%
  % Gain to Breakeven566.7%32.4%
  Time to Breakeven1356 days427 days

Compare to AEVA, MVIS, LIDR

In The Past

Ouster's stock fell -35.3% during the 2025 US Tariff Shock. Such a loss loss requires a 54.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Ouster (OUST)

Ouster, Inc. is a technology company that specializes in designing and manufacturing high-resolution digital lidar sensors and complementary software. These advanced sensors provide critical 3D vision capabilities, enabling various machines, vehicles, and systems to accurately perceive and understand their surroundings in three dimensions. This core technology is fundamental for applications requiring precise spatial awareness and advanced automation.

The company's product portfolio features two distinct types of lidar sensors. The OS sensor is a scanning lidar, known for its ability to generate detailed 3D point clouds over a wide field of view. In contrast, the DF sensor is a true solid-state flash lidar, which captures an entire scene instantly without any moving parts, making it suitable for applications demanding speed and robustness. Both product lines are engineered to deliver high-quality, reliable 3D data.

Ouster's digital lidar technology serves a broad array of primary customers and markets that rely on accurate 3D perception for enhanced functionality and safety. Its sensors are integrated into machinery, autonomous vehicles, and various robotic systems. Additionally, Ouster's products are deployed in fixed infrastructure assets, supporting applications across industries such as industrial automation, smart infrastructure, logistics, and next-generation transportation.

AI Analysis | Feedback

Here are 1-3 brief analogies for Ouster:

  • The Intel of 3D vision sensors.
  • Like Mobileye, but focused on lidar for 3D vision.

AI Analysis | Feedback

  • OS: A scanning sensor for 3D vision applications.
  • DF: A true solid-state flash sensor for 3D vision applications.

AI Analysis | Feedback

Ouster (OUST) sells primarily to other companies (B2B). Its major customers are typically integrators, vehicle manufacturers, robotics companies, and industrial solution providers that incorporate Ouster's lidar sensors into their products and services. Here are some of Ouster's major customers:
  • Cyngn Inc. (NASDAQ: CYN): A developer of autonomous vehicle technology for industrial applications, which utilizes Ouster lidar sensors for its DriveMod system.
  • Serve Robotics Inc. (NASDAQ: SERV): A company specializing in autonomous delivery robots, which integrate Ouster's lidar sensors for navigation and perception.
  • Konecranes Plc (HEX: KCR.HE): A global leader in lifting equipment and services, using Ouster's technology for industrial automation, particularly in port operations.
  • May Mobility: A company focused on developing and deploying autonomous shuttle services for various public and private sectors. (Private Company)
  • Kodiak Robotics: A prominent developer of autonomous driving technology specifically for long-haul trucking applications. (Private Company)

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Celestica Inc. (CLS)

Benchmark Electronics, Inc. (BHE)

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Angus Pacala, Chief Executive Officer and Director

Angus Pacala co-founded Ouster in June 2015 and has served as its Chief Executive Officer and a director since then. He previously co-founded Quanergy Systems in 2012 and was Director of Engineering at Quanergy, Inc. from November 2012 to February 2015. Prior to that, he was a Battery Engineer at Amprius, Inc. from June 2011 to October 2012. Under his leadership, Ouster went public through a SPAC merger in 2021. Mr. Pacala holds a Bachelor of Science and a Master of Science in mechanical engineering from Stanford University.

Ken Gianella, Chief Financial Officer

Ken Gianella has served as Ouster's Chief Financial Officer since May 2025. Before joining Ouster, Mr. Gianella was Chief Financial Officer and Chief Operating Officer at Quantum Corporation. He also held various leadership and finance roles at energy, water, and smart city technology companies, including Itron, Inc.

Mark Frichtl, Chief Technology Officer

Mark Frichtl co-founded Ouster in June 2015 and has served as its Chief Technology Officer since then. Previously, Mr. Frichtl was a Technologies Development Engineer at Apple, Inc. from April 2015 to May 2015 and an Engineer at Quanergy, Inc. from July 2013 to April 2015. Mr. Frichtl holds a Bachelor of Science degree in engineering physics and a Master of Science degree in mechanical engineering from Stanford University.

Darien Spencer, Chief Operating Officer

Darien Spencer has served as Ouster's Chief Operating Officer since July 2017. Prior to Ouster, he was Executive Vice President of Operations and Chief Procurement Officer at Enphase Energy from August 2013 to April 2017. He also served as General Manager of Business Units and Automation at Jabil Circuit from August 2012 to August 2013, and was Co-Founder and Chief Operating and Procurement Officer at Optisolar / Novasolar Corporation from January 2007 to November 2012. Earlier in his career, he was Senior Vice President of Asia Operations at Maxtor Corporation and Seagate Technology.

Megan Chung, General Counsel

Megan Chung serves as Ouster's General Counsel. She received her J.D. from the University of California, Davis School of Law, and her B.A. and M.A. from Stanford University.

AI Analysis | Feedback

Here are the key risks to Ouster's business:

  1. Intense Competition and Substitution Risk: Ouster operates in a highly competitive and rapidly evolving lidar market, facing challenges from both established players and new entrants. Furthermore, there is significant risk from alternative sensing technologies, such as advanced radar systems and camera-based vision systems with sophisticated AI, particularly as some automakers explore vision-only autonomy paths, which could reduce the demand for lidar solutions.
  2. Challenges in Scaling Customer Adoption and Market Penetration: Despite having a large number of end customers, Ouster faces the risk that a relatively small percentage of these customers have reached full-scale production, where they purchase sensors in bulk. This slow conversion to high-volume sales, coupled with the high cost of high-performance lidar units, presents a significant hurdle for widespread market adoption and Ouster's ability to accurately forecast long-term demand and maintain its market position.
  3. Path to Sustainable Profitability and Cash Flow: Ouster faces the risk of not achieving GAAP profitability until after fiscal year 2027 and is currently generating negative cash flow. While the company has a strong cash balance to fund growth, its rich valuation relative to peers and the ongoing need for significant investment in research and development, manufacturing, and scaling operations present a financial risk if it cannot consistently convert revenue growth into sustainable profits and positive cash flow in the long term.

AI Analysis | Feedback

The rapid advancement and potential widespread adoption of camera-only, vision-based autonomous systems (leveraging advanced AI and machine learning) could significantly reduce or eliminate the need for lidar sensors for 3D vision in vehicles, robots, and other applications. This represents a fundamental shift in sensing strategy that could bypass Ouster's core product offerings.

AI Analysis | Feedback

Ouster, Inc. targets a total addressable market (TAM) of $70 billion globally by 2030 for its high-resolution digital lidar sensors and enabling software. This market is segmented across four main applications:
  • Robotics: $14 billion
  • Industrial: $18 billion
  • Smart Infrastructure: $19 billion
  • Automotive: $20 billion

AI Analysis | Feedback

Expected Drivers of Future Revenue Growth for Ouster (OUST)

  • Increased Sensor Shipments and Market Adoption: Ouster has demonstrated consistent growth in product revenue and record sensor shipments, reflecting strong and durable demand across its core end markets. The company shipped over 8,100 sensors in Q4 2025, setting a new quarterly record, and more than 25,000 sensors in 2025, a 48% increase over 2024. This trend of increasing volumes is expected to continue driving revenue growth as lidar technology sees broader adoption in industrial, robotics, and smart infrastructure sectors.
  • Expansion of Software-Attached Offerings and AI: Ouster is strategically shifting towards software-enabled solutions and investing in AI and next-generation silicon development. The company's software-attached bookings more than doubled in 2025, representing over 15% of sensors shipped. Products like the Gemini perception platform and BlueCity analytics suite are designed to unlock new value from LiDAR data and deepen customer engagement, thereby contributing to recurring revenue streams.
  • New Product Development and Portfolio Advancements: The company plans to release more products in 2026 than ever before, with significant advancements in its lidar, camera, and AI compute products. This continuous innovation and expansion of its product portfolio are anticipated to accelerate adoption and cater to evolving market needs, fueling future revenue growth.
  • Strategic Acquisition of StereoLabs: The acquisition of StereoLabs is a significant driver, enabling Ouster to offer a unified sensing and perception platform for physical AI. This acquisition expands Ouster's immediate reach into unified sensor solutions and is expected to contribute to revenue and margin profiles in line with the company's long-term financial framework. Ouster anticipates approximately seven weeks of revenue from StereoLabs in Q1 2026.
  • Achievement of Long-Term Revenue Growth Targets: Management has consistently reiterated its long-term targets of 30% to 50% annual revenue growth, demonstrating confidence in the company's ability to scale and improve its product mix. Ouster achieved 30% revenue growth over the last twelve months of 2025, showing momentum towards these ambitious targets.

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Share Issuance

  • Ouster became a publicly traded company in March 2021 through a merger with Colonnade Acquisition, a special-purpose acquisition company, which involved significant share issuance to access public markets and capital.
  • In October 2021, Ouster acquired Sense Photonics in an all-stock deal, issuing approximately 10 million shares of common stock for the transaction.
  • Ouster and Velodyne Lidar agreed to merge in November 2022 through an all-share transaction, leading to further share issuance.
  • The acquisition of StereoLabs in February 2026 included the issuance of 1.8 million shares in addition to a cash component.

Inbound Investments

  • Ouster gained substantial capital and access to public markets by completing a merger with Colonnade Acquisition in March 2021.
  • The company maintained a strong financial position, reporting $247 million in cash, cash equivalents, restricted cash, and short-term investments with no debt at the end of Q3 2025, providing a significant runway for R&D investment.
  • As of Q4 2025, Ouster held $67.4 million in cash and equivalents.

Outbound Investments

  • Ouster acquired Sense Photonics in October 2021 in an all-stock deal valued around $68 million at the time of the announcement, subsequently establishing Ouster Automotive.
  • A significant strategic move was the agreement to merge with Velodyne Lidar in November 2022, in an all-share transaction.
  • In February 2026, Ouster completed the acquisition of StereoLabs for approximately $35 million in cash and 1.8 million shares, aiming to create a unified sensing and perception platform for Physical AI.

Capital Expenditures

  • Ouster's capital expenditures were $4.28 million in 2021, $5.42 million in 2022, $3.01 million in 2023, and $3.76 million in 2024.
  • The company's capital expenditures for Q4 2025 were $21.8 million, showing a significant increase from the previous quarter, indicating investment in long-term assets and infrastructure.
  • Projected capital expenditures include $15 million for 2025 and $20 million for 2026, with a continued focus on research and development to advance cutting-edge products.

Better Bets vs. Ouster (OUST)

Peer Outperformance in Electronic Components

OUST has trailed 80% of its 25 Electronic Components peers over 5Y. Electronic Components ranks 5th of 12 industries in Information Technology by median 5Y return.
Share of Electronic Components constituents that OUST has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
32%
of 28 industry peers · -13.5% return
3Y
93%
of 28 industry peers · 613.0% return
5Y
20%
of 25 industry peers · -54.1% return
No Electronic Components peer with a comparable growth profile has beaten OUST by more than 20pp over 5Y.
Median price return by industry across the Information Technology sector, ranked by 5Y. Electronic Components is OUST's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 9 41.4%152.6%292.3% TTMI 651% · FLEX 604% · SANM 378%
Technology Distributors 9 47.1%86.1%86.7% AVT 180% · SNX 157% · CNXN 120%
Semiconductor Materials & Equipment 27 59.1%72.3%82.6% AXTI 609% · KLAC 457% · LRCX 417%
Communications Equipment 35 3.3%108.1%82.1% AAOI 1060% · LITE 952% · ANET 702%
Electronic Components ← 26 -3.6%73.5%55.3% CLS 3369% · BELFA 1237% · COHR 357%
Semiconductors 55 10.2%34.3%33.5% MU 1309% · NVDA 898% · AVGO 647%
Technology Hardware, Storage & Peripherals 21 2.2%93.9%19.2% DELL 931% · STX 903% · SMCI 890%
Internet Services & Infrastructure 6 -1.4%43.5%4.7% GDDY 54% · VRSN 43% · DOCN 23%
Electronic Equipment & Instruments 26 -17.4%26.6%-7.0% PI 265% · KEYS 112% · OSIS 107%
IT Consulting & Other Services 28 -27.7%-14.0%-17.3% CHRN 391479% · APLD 535% · ADEA 148%
Application Software 125 -23.5%-17.5%-46.7% PLTR 735% · FROG 171% · AGYS 112%
Systems Software 69 -16.7%24.4%-51.5% ZETA 306% · CRWD 265% · FTNT 188%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

OUSTAEVAMVISLIDRMedian
NameOuster Aeva Tec.Microvis.AEye  
Mkt Price31.2311.011.240.886.12
Mkt Cap2.10.70.00.00.4
Rev LTM205223012
Op Inc LTM-63-132-89-36-76
FCF LTM-82-117-68-30-75
FCF 3Y Avg-60-117-67-30-64
CFO LTM-54-111-67-29-61
CFO 3Y Avg-48-111-67-30-57

Growth & Margins

OUSTAEVAMVISLIDRMedian
NameOuster Aeva Tec.Microvis.AEye  
Rev Chg LTM62.8%56.2%11.1%90.7%59.5%
Rev Chg 3Y Avg52.9%85.7%216.8%-7.6%69.3%
Rev Chg Q55.9%11.3%850.3%818.2%437.0%
QoQ Delta Rev Chg LTM10.6%3.0%84.8%66.7%38.6%
Op Inc Chg LTM39.7%4.0%-43.8%-11.3%-3.7%
Op Inc Chg 3Y Avg32.5%5.7%-12.7%22.8%14.3%
Op Mgn LTM-30.6%-610.9%-3,083.3%-8,002.2%-1,847.1%
Op Mgn 3Y Avg-79.2%-1,284.8%-2,163.1%-13,144.7%-1,724.0%
QoQ Delta Op Mgn LTM6.9%19.9%1,996.3%4,576.3%1,008.1%
CFO/Rev LTM-26.3%-516.1%-2,349.6%-6,546.9%-1,432.9%
CFO/Rev 3Y Avg-38.4%-1,019.9%-1,787.9%-9,438.7%-1,403.9%
FCF/Rev LTM-40.2%-540.2%-2,378.2%-6,638.9%-1,459.2%
FCF/Rev 3Y Avg-44.9%-1,070.0%-1,805.6%-9,655.4%-1,437.8%

Valuation

OUSTAEVAMVISLIDRMedian
NameOuster Aeva Tec.Microvis.AEye  
Mkt Cap2.10.70.00.00.4
P/S10.133.09.689.521.5
P/Op Inc-32.9-5.4-0.3-1.1-3.3
P/EBIT-36.5-4.1-0.3-1.1-2.6
P/E-38.6-22.0-0.2-1.1-11.6
P/CFO-38.3-6.4-0.4-1.4-3.9
Total Yield-2.5%-4.6%-416.5%-90.8%-47.7%
Dividend Yield0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-7.3%-32.2%-583.8%-144.7%-88.5%
D/E0.00.11.60.00.1
Net D/E-0.1-0.10.7-1.7-0.1

Returns

OUSTAEVAMVISLIDRMedian
NameOuster Aeva Tec.Microvis.AEye  
1M Rtn-4.8%-22.4%-19.0%-27.3%-20.7%
3M Rtn-11.1%-34.4%317.6%-27.3%-19.2%
6M Rtn29.2%-25.4%91.3%-50.3%1.9%
12M Rtn-15.2%-42.6%-10.8%-72.1%-28.9%
3Y Rtn598.7%204.1%-42.1%-85.5%81.0%
1M Excs Rtn-11.4%-27.0%-27.3%-29.0%-27.1%
3M Excs Rtn-20.3%-38.8%312.5%-32.8%-26.5%
6M Excs Rtn18.6%-36.4%80.3%-61.6%-8.9%
12M Excs Rtn-30.8%-56.7%-27.1%-92.0%-43.8%
3Y Excs Rtn479.9%111.6%-123.9%-168.7%-6.1%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Sale and production of lidar sensor kits1691118341 
Product revenue    34
Total169111834134


Net Income by Segment
$ Mil202520242023
Sale and production of lidar sensor kits-60-97-374
Total-60-97-374


Price Behavior

Price Behavior
Market Price$31.87 
Market Cap ($ Bil)2.1 
First Trading Date10/09/2020 
Distance from 52W High-49.0% 
   50 Days200 Days
DMA Price$38.96$32.16
DMA Trenddownup
Distance from DMA-18.2%-0.9%
 3M1YR
Volatility94.1%104.5%
Downside Capture544.49517.13
Upside Capture420.42432.06
Correlation (S&P 500)63.0%55.4%
OUST Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta3.974.515.205.154.542.82
Up Beta2.257.179.035.694.991.99
Down Beta9.939.043.023.154.022.61
Up Capture486%346%388%1859%3102%95668%
Bmk +ve Days6162766132424
Stock +ve Days13222969129363
Down Capture141%299%425%311%190%113%
Bmk -ve Days16263760120328
Stock -ve Days9203556121383

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OUST
OUST-11.9%104.7%0.35-
Sector ETF (XLK)36.0%26.3%1.1463.1%
Equity (SPY)17.6%12.7%0.9956.6%
Gold (GLD)0.5%29.5%0.0217.2%
Commodities (DBC)50.9%20.7%1.88-4.9%
Real Estate (VNQ)4.7%13.7%0.080.3%
Bitcoin (BTCUSD)-28.1%43.7%-0.6332.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OUST
OUST-15.6%100.0%0.28-
Sector ETF (XLK)21.0%25.9%0.7244.1%
Equity (SPY)13.4%17.1%0.6041.6%
Gold (GLD)18.5%18.9%0.7910.0%
Commodities (DBC)9.7%19.5%0.383.4%
Real Estate (VNQ)1.1%18.8%-0.0526.1%
Bitcoin (BTCUSD)8.7%51.8%0.3527.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OUST
OUST-11.0%97.1%0.23-
Sector ETF (XLK)24.4%25.0%0.8841.6%
Equity (SPY)15.4%17.9%0.7339.0%
Gold (GLD)12.2%16.4%0.619.4%
Commodities (DBC)8.2%18.1%0.375.3%
Real Estate (VNQ)5.0%20.7%0.2024.4%
Bitcoin (BTCUSD)63.1%66.2%1.0320.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity7.4 Mil
Short Interest: % Change Since 91520268.4%
Average Daily Volume2.4 Mil
Days-to-Cover Short Interest3.0 days
Basic Shares Quantity66.0 Mil
Short % of Basic Shares11.1%

Earnings Returns History

Updated 9/9/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/2026-4.8%-1.0%-20.1%
5/5/20262.8%-5.2%64.7%
3/2/20267.3%1.5%-9.3%
11/4/2025-6.5%-10.4%-10.5%
8/7/202511.7%51.7%22.5%
5/8/202522.8%29.9%75.5%
3/20/202531.9%19.1%-19.6%
1/17/2025-5.9%-7.2%-10.8%
...
SUMMARY STATS   
# Positive14129
# Negative101215
Median Positive14.1%15.9%26.8%
Median Negative-5.8%-10.5%-20.1%
Max Positive31.9%51.7%75.5%
Max Negative-27.7%-27.9%-59.5%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/2026-4.8%-1.0%-20.1%
5/5/20262.8%-5.2%64.7%
3/2/20267.3%1.5%-9.3%
11/4/2025-6.5%-10.4%-10.5%
8/7/202511.7%51.7%22.5%
5/8/202522.8%29.9%75.5%
3/20/202531.9%19.1%-19.6%
1/17/2025-5.9%-7.2%-10.8%
11/7/20241.5%10.5%26.8%
8/13/2024-27.7%-27.9%-43.6%
5/9/202419.8%12.7%9.2%
1/9/20244.1%-12.3%-30.6%
11/9/202319.7%21.1%42.7%
8/10/202329.6%21.8%-2.5%
5/11/202328.6%40.6%51.6%
3/23/2023-13.7%-10.5%-59.5%
2/2/20234.0%-11.9%-40.9%
11/7/2022-16.5%3.3%-0.8%
8/4/2022-2.6%-3.6%-30.4%
5/3/2022-0.9%-24.5%-39.2%
2/15/202216.5%3.1%11.8%
11/8/20218.0%6.2%-8.7%
8/9/2021-0.3%-8.8%-20.6%
5/6/2021-5.7%-22.6%23.6%
SUMMARY STATS   
# Positive14129
# Negative101215
Median Positive14.1%15.9%26.8%
Median Negative-5.8%-10.5%-20.1%
Max Positive31.9%51.7%75.5%
Max Negative-27.7%-27.9%-59.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/05/202610-Q
12/31/202503/02/202610-K
09/30/202511/05/202510-Q
06/30/202508/11/202510-Q
03/31/202505/09/202510-Q
12/31/202403/21/202510-K
09/30/202411/08/202410-Q
06/30/202408/14/202410-Q
03/31/202405/13/202410-Q
12/31/202303/28/202410-K
09/30/202311/13/202310-Q
06/30/202308/14/202310-Q
03/31/202305/12/202310-Q
12/31/202203/24/202310-K
09/30/202211/08/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/05/202610-Q
12/31/202503/02/202610-K
09/30/202511/05/202510-Q
06/30/202508/11/202510-Q
03/31/202505/09/202510-Q
12/31/202403/21/202510-K
09/30/202411/08/202410-Q
06/30/202408/14/202410-Q
03/31/202405/13/202410-Q
12/31/202303/28/202410-K
09/30/202311/13/202310-Q
06/30/202308/14/202310-Q
03/31/202305/12/202310-Q
12/31/202203/24/202310-K
09/30/202211/08/202210-Q
06/30/202208/05/202210-Q
03/31/202205/06/202210-Q
12/31/202102/28/202210-K
09/30/202111/12/202110-Q
06/30/202108/10/202110-Q
03/31/202105/14/202110-Q
09/30/202011/15/202110-Q/A

Recent Forward Guidance

Updated 10/4/2026

Latest: Q2 2026 Earnings Reported 8/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2026 RevenueReported54.50 Mil56.00 Mil57.50 Mil9.8% Higher NewGuidance: 51.00 Mil for Q2 2026


Prior: Q1 2026 Earnings Reported 5/5/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q2 2026 RevenueReported49.50 Mil51.00 Mil52.50 Mil9.7% Higher NewGuidance: 46.50 Mil for Q1 2026

Q4 2025 Earnings Reported 3/2/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2026 RevenueReported45.00 Mil46.50 Mil48.00 Mil13.4% Higher NewGuidance: 41.00 Mil for Q4 2025
2026 Annual Revenue GrowthReported30.0%40.0%50.0%   
2026 GAAP Gross MarginReported35.0%37.5%40.0%   
2026 GAAP Operating Expense GrowthReported5.0%6.5%8.0%   

Q3 2025 Earnings Reported 11/4/2025

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2025 RevenueReported39.50 Mil41.00 Mil42.50 Mil12.3% Higher NewGuidance: 36.50 Mil for Q3 2025

Insider Activity

Updated 10/7/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Chung, MeganGeneral Counsel and SecretaryDirectSell916202633.9611,484389,9936,428,266Form
2Spencer, DarienChief Operating OfficerDirectSell916202633.9612,808434,9539,746,326Form
3Pacala, Charles AngusPresident and CEODirectSell916202633.9630,3851,031,84735,379,134Form
4Jacquemet, CyrilleChief Revenue OfficerDirectSell916202633.968,896302,0933,583,908Form
5Gianella, Kenneth PChief Financial OfficerDirectSell916202633.9615,686532,6828,331,118Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Chung, MeganGeneral Counsel and SecretaryDirectSell916202633.9611,484389,9936,428,266Form
2Spencer, DarienChief Operating OfficerDirectSell916202633.9612,808434,9539,746,326Form
3Pacala, Charles AngusPresident and CEODirectSell916202633.9630,3851,031,84735,379,134Form
4Jacquemet, CyrilleChief Revenue OfficerDirectSell916202633.968,896302,0933,583,908Form
5Gianella, Kenneth PChief Financial OfficerDirectSell916202633.9615,686532,6828,331,118Form
6Frichtl, MarkChief Technology OfficerDirectSell916202633.9618,778637,69110,832,639Form
7Gianella, Kenneth PChief Financial OfficerDirectSell819202645.3340,0001,813,27811,832,276Form
8Skaggs, Stephen A DirectSell807202645.183,614163,2812,774,730Form
9Skaggs, Stephen A DirectSell807202646.481,38664,4213,022,548Form
10Spencer, DarienChief Operating OfficerDirectSell805202645.0030,0001,350,00013,491,292Form
11Tewksbury, Ted L Iii DirectSell622202647.001,69579,6655,874,953Form
12Gianella, Kenneth PChief Financial OfficerDirectSell616202638.8254,3372,109,52511,686,267Form
13Pacala, Charles AngusPresident and CEODirectSell616202638.8229,7971,156,80941,626,059Form
14Jacquemet, CyrilleChief Revenue OfficerDirectSell616202638.828,723338,6534,442,691Form
15Spencer, DarienChief Operating OfficerDirectSell616202638.8212,559487,57812,804,078Form
16Chung, MeganGeneral Counsel and SecretaryDirectSell616202638.8211,261437,1867,875,595Form
17Frichtl, MarkChief Technology OfficerDirectSell616202638.8218,414714,88710,734,948Form
18Jacquemet, CyrilleChief Revenue OfficerDirectSell527202640.009,433377,3204,926,300Form
19Frichtl, MarkChief Technology OfficerDirectSell527202641.53308,74212,821,97412,248,116Form
20Spencer, DarienChief Operating OfficerDirectSell527202645.0030,0001,350,02215,406,448Form
21Frichtl, MarkChief Technology OfficerDirectSell527202636.8075,6842,784,99822,213,525Form
22Jacquemet, CyrilleChief Revenue OfficerDirectSell521202635.0010,000350,0004,640,668Form
23Frichtl, MarkChief Technology OfficerDirectSell515202636.004,316155,38022,631,597Form
24Frichtl, MarkChief Technology OfficerDirectSell515202635.0040,0001,400,00022,002,330Form
25Frichtl, MarkChief Technology OfficerDirectSell515202632.56136,4344,442,37120,468,822Form
26Boulet, Virginia DirectBuy512202625.231,65841,8315,802,825Form
27Skaggs, Stephen A DirectSell507202630.005,000150,0001,850,700Form
28Frichtl, MarkChief Technology OfficerDirectSell506202630.0013,451403,53021,368,910Form
29Frichtl, MarkChief Technology OfficerDirectSell506202630.1321,149637,16021,459,514Form
30Frichtl, MarkChief Technology OfficerDirectSell423202630.0040012,00021,368,910Form
31Frichtl, MarkChief Technology OfficerDirectSell421202628.5660,0001,713,86120,346,301Form
32Frichtl, MarkChief Technology OfficerDirectSell421202626.5860,0001,594,80618,932,925Form
33Frichtl, MarkChief Technology OfficerDirectSell417202625.1530,000754,39517,911,777Form
34Chung, MeganGeneral Counsel and SecretaryDirectSell417202624.705,837144,1745,281,749Form
35Frichtl, MarkChief Technology OfficerDirectSell415202624.0020,000480,00017,095,128Form
36Frichtl, MarkChief Technology OfficerDirectSell415202622.7640,000910,24816,209,173Form
37Frichtl, MarkChief Technology OfficerDirectSell327202620.9440,000837,57613,335,927Form
38Tewksbury, Ted L Iii DirectSell323202620.001,69533,9002,439,380Form
39Spencer, DarienChief Operating OfficerDirectSell316202623.4310,938256,3087,621,518Form
40Frichtl, MarkChief Technology OfficerDirectSell316202623.4315,689367,63714,923,929Form
41Chung, MeganGeneral Counsel and SecretaryDirectSell316202623.439,593224,7874,066,646Form
42Pacala, Charles AngusPresident and CEODirectSell316202623.4324,657577,64922,505,766Form
43Boulet, Virginia DirectBuy309202620.956,500136,1754,783,765Form
44Chung, MeganGeneral Counsel and SecretaryDirectSell121202627.245,837159,0004,988,761Form
45Tewksbury, Ted L Iii DirectSell1223202521.471,69536,3922,655,066Form
46Heystee, Susan DirectSell1216202525.0311,650291,5901,041,833Form
47Frichtl, MarkChief Technology OfficerDirectSell1216202524.9815,661391,20716,301,028Form
48Spencer, DarienChief Operating OfficerDirectSell1216202524.9810,919272,7358,397,304Form
49Pacala, Charles AngusPresident and CEODirectSell1216202524.9824,610614,68924,610,460Form
50Chung, MeganGeneral Counsel and SecretaryDirectSell1216202524.9810,696267,1664,720,311Form
51Tewksbury, Ted L Iii DirectSell1112202525.381,69543,0193,181,611Form
52Chung, MeganGeneral Counsel and SecretaryDirectSell1020202531.025,837181,0586,117,113Form
Core Cache Last Updated: 10/15/2026