Ouster, Inc. (OUST) AI Stock Summary

Fast-growing lidar maker, still unprofitable

Updated Sep 10, 2026

Snapshot

Ouster makes lidar sensors and is growing fast: FY 2025 revenue hit $169.4M, up 52.5%, with gross margin improving to 49.3%. It's still unprofitable, losing $60.4M last year and burning $64.8M in free cash flow, but a recent $200M stock offering pushed cash to $208.6M, giving over five years of runway at the current burn rate. Share count is up 20.9% YoY, a meaningful dilution.

What's Happening Right Now

Wed 9th Sep '26 · Earnings detail: Q2 net loss narrowed to $18.1M from $20.6M a year earlier, helped by a patent royalty and a tariff refund, while the company still carries a $1.0B accumulated deficit.
Tue 11th Aug '26 · Contract win: Partner Econolite won a Utah DOT expansion to deploy Ouster's BlueCity/Rev8 lidar at 160 more intersections, bringing the state's total footprint to nearly 300.
Fri 7th Aug '26 · Earnings: Ouster's Q2 2026 revenue hit $55M, up 56% YoY and its 14th straight quarter of growth, with gross margin improving to 49% and over 17,000 sensors shipped.
Thu 2nd Jul '26 · Stock offering: On 2026-07-02, Ouster priced a public offering of 3.6 million shares at $55.22 to raise roughly $200M in gross proceeds.
Wed 17th Jun '26 · Partnership: Ouster signed a strategic agreement with AIM Intelligent Machines to supply Rev8 digital lidar for AI-powered heavy earthmoving equipment in mining, construction, and defense.

Ownership

Institutions hold 54.7%, insiders hold 4.5%.

Bottom Line

Ouster is a growth story: revenue is rising fast, margins are improving, and the company just raised fresh cash to fund expansion. But it's still losing money, burning cash, and diluting shareholders at a double-digit clip to keep going. Eight different executives and directors sold stock in the past 90 days, though the total was small relative to the company's $2.61B market value and looks tied to routine post-earnings selling rather than a specific warning sign. This is a stock priced on future potential, not current profits, sitting in the middle of its 52-week range.