Filing Flows › Ouster (OUST) › Q1 2025
Ouster (OUST) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Ouster (OUST) reported revenue of $32.6M for the first quarter 2025 (Q1 2025), +26% from a year earlier and +8% from the quarter before. Operating margin was -73.0%, net loss $22.0M (67.5% of revenue).
Ouster, Q1 2025: revenue $32.6M (+26% year over year), operating margin -73.0%, net loss $22.0M, operating cash flow −$4.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.6M | +8% | +26% |
| Operating profit | −$23.8M | — | — |
| Net earnings | −$22.0M | — | — |
| Operating cash flow | −$4.9M | — | — |
What changed
Revenue was $32.6M in Q1 2025, up 26% year over year and up 8% from the previous quarter.
Gross margin was 41.3%, up 12.7 points from a year earlier. Operating costs exceeded revenue by $23.8M, an operating margin of -73.0%. Operating expenses grew 12% against revenue growth of 26%. The fastest-growing cost line was General & admin (+26%). The quarter ended with a net loss of $22.0M, narrower than the previous quarter's $23.7M loss.
Operating cash flow was −$4.9M. Non-cash charges added back $1.8M of depreciation and amortization and $8.5M of share-based compensation. Working capital and other items added $6.8M. Capital expenditures of $552K exceeded it, leaving free cash flow of −$5.4M.
Questions
What was Ouster's revenue in the first quarter 2025?
Ouster (OUST) reported revenue of $32.6M for the first quarter 2025 (Q1 2025), +26% from a year earlier and +8% from the quarter before.
Was Ouster profitable in the first quarter 2025?
Operating loss was $23.8M (-73.0% of revenue) and net loss $22.0M.
Source: Ouster 10-Q on SEC EDGAR.