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How Ouster (OUST) makes money

Ouster (OUST) made $59.3M of revenue in the third quarter 2026 (Q3 2026), +50% from a year earlier. Product revenue brought in $56.0M (94%); Royalties brought in $3.3M (6%).

Drawing the Sankey…

Ouster revenue by segment, Q3 2026Ouster revenue by segment, Q3 2026Product revenue$56.0MRoyalties$3.3M
Ouster: revenue by line, Q1 2026 to Q3 2026Ouster: revenue by line, Q1 2026 to Q3 2026Product revenueRoyaltiesProduct revenue: $56.0M latest$56.0MRoyalties: $3.3M latestQ1 2026Q2 2026Q3 2026
Product revenue went from 99% of revenue in Q1 2026 to 94% in Q3 2026, the largest shift in the mix.
Ouster revenue by quarterOuster revenue by quarter$32.6MQ1 2025$35.0MQ2 2025$39.5MQ3 2025$62.2MQ4 2025$48.6MQ1 2026$54.6MQ2 2026$59.3MQ3 2026

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Product revenue$56.0M94.4%+6%+42%
Royalties$3.3M5.6%+74%—

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$59.3M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$59.3M+50%
Q2 2026$54.6M+56%
Q1 2026$48.6M+49%
Q4 2025$62.2M+107%
Q3 2025$39.5M+41%
Q2 2025$35.0M+30%
Q1 2025$32.6M+26%

From Ouster's 10-Q filed Nov 3, 2026 (on EDGAR).

Questions

How does Ouster make money?

Ouster (OUST) made $59.3M of revenue in the third quarter 2026 (Q3 2026), +50% from a year earlier. Product revenue brought in $56.0M (94%); Royalties brought in $3.3M (6%).

What is Ouster's biggest business?

Product revenue: $56.0M in the third quarter 2026, 94% of revenue, +42% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.