Key Highlights

  • Total Revenue was USD 59,325 thousand versus 39,525 thousand, and product revenue was USD 56,032 thousand versus 39,487 thousand.
  • Royalties were USD 3,293 thousand versus 38 thousand, and Gross Profit was USD 25,259 thousand versus 16,659 thousand.
  • Operating loss was USD 19,260 thousand versus 24,251 thousand; net loss was USD 14,156 thousand versus 21,733 thousand.
  • Net loss per share was USD 0.20 versus USD 0.37, and cash and cash equivalents were USD 88,899 thousand.

Revenue and Gross Profit

Ouster, Inc. (NASDAQ:OUST), a provider of lidar sensors, filed its Quarterly Report for the period ended September 30, 2026. Total revenue was USD 59,325 thousand, compared with USD 39,525 thousand in the third quarter of 2025. Product revenue was USD 56,032 thousand versus USD 39,487 thousand, and royalties were USD 3,293 thousand versus USD 38 thousand.

Cost of revenue was USD 34,066 thousand versus USD 22,866 thousand, and gross profit was USD 25,259 thousand versus USD 16,659 thousand. For the nine months ended September 30, 2026, total revenue was USD 162,529 thousand versus USD 107,206 thousand, and gross profit was USD 72,782 thousand versus USD 45,984 thousand.

Analyst estimates were revenue of USD 56.3 million against reported revenue of USD 59.3 million.

Operating Expenses

Research and development expenses were USD 18,563 thousand versus USD 17,777 thousand. Sales and Marketing expenses were USD 9,641 thousand versus USD 7,441 thousand, and general and administrative expenses were USD 16,315 thousand versus USD 15,692 thousand.

Total operating expenses were USD 44,519 thousand versus USD 40,910 thousand. The loss from operations was USD 19,260 thousand versus USD 24,251 thousand. For the nine months, total operating expenses were USD 131,299 thousand versus USD 120,887 thousand, and the loss from operations was USD 58,517 thousand versus USD 74,903 thousand.

Net Loss and Earnings per Share

Interest income was USD 4,159 thousand versus USD 2,414 thousand, and other income, net, was USD 226 thousand versus USD 176 thousand. Total other income, net, was USD 4,385 thousand versus USD 2,590 thousand. The loss before income taxes was USD 14,875 thousand versus USD 21,661 thousand.

The company recorded an income tax benefit of USD 719 thousand, compared with a provision of USD 72 thousand. The net loss was USD 14,156 thousand versus USD 21,733 thousand, and total comprehensive loss was USD 14,745 thousand versus USD 21,669 thousand.

Basic and diluted net loss per share were USD 0.20 versus USD 0.37, on 71,470,107 weighted average shares versus 57,976,375. For the nine months, the net loss was USD 49,735 thousand versus USD 64,362 thousand, and net loss per share was USD 0.75 versus USD 1.17.

Items to Follow

Investors can follow cash, investments and cash flow. Cash and cash equivalents were USD 88,899 thousand at September 30, 2026, versus USD 67,413 thousand at December 31, 2025, and short-term investments were USD 330,897 thousand versus USD 141,172 thousand.

Inventory was USD 36,527 thousand versus USD 23,566 thousand. Net cash used in Operating Activities for the nine months was USD 49,388 thousand versus USD 24,530 thousand, and purchases of property and equipment were USD 10,882 thousand versus USD 3,143 thousand.