Filing Flows › Ouster (OUST) › Q3 2025
Ouster (OUST) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Ouster (OUST) reported revenue of $39.5M for the third quarter 2025 (Q3 2025), +41% from a year earlier and +13% from the quarter before. Operating margin was -61.4%, net loss $21.7M (55.0% of revenue).
Ouster, Q3 2025: revenue $39.5M (+41% year over year), operating margin -61.4%, net loss $21.7M, operating cash flow −$18.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39.5M | +13% | +41% |
| Operating profit | −$24.3M | — | — |
| Net earnings | −$21.7M | — | — |
| Operating cash flow | −$18.3M | — | — |
What changed
Revenue was $39.5M in Q3 2025, up 41% year over year and up 13% from the previous quarter.
Gross margin was 42.1%, up 3.8 points from a year earlier. Operating costs exceeded revenue by $24.3M, an operating margin of -61.4%. Operating expenses grew 7% against revenue growth of 41%. The fastest-growing cost line was Research & development (+18%). The quarter ended with a net loss of $21.7M, wider than the previous quarter's $20.6M loss.
Operating cash flow was −$18.3M. Non-cash charges added back $2.1M of depreciation and amortization and $11.8M of share-based compensation. Working capital and other items used $10.5M. Capital expenditures of $1.7M exceeded it, leaving free cash flow of −$20.0M.
Questions
What was Ouster's revenue in the third quarter 2025?
Ouster (OUST) reported revenue of $39.5M for the third quarter 2025 (Q3 2025), +41% from a year earlier and +13% from the quarter before.
Was Ouster profitable in the third quarter 2025?
Operating loss was $24.3M (-61.4% of revenue) and net loss $21.7M.
Source: Ouster 10-Q on SEC EDGAR.