Ouster Reports 30% Revenue Growth to $35M in Q2 2025

Ouster, Inc. reported a significant increase in financial performance for the second quarter of 2025, with revenues reaching $35.0 million, a 30% increase from $27.0 million in the same period last year. For the first half of 2025, total revenue was $67.7 million, up 28% from $52.9 million in the prior year. The growth was primarily driven by increased sensor volumes as customers ramped up their purchases. The company also noted a gross profit of $15.8 million for the quarter, resulting in a gross margin of 45%, compared to 34% in the previous year, attributed to lower excess inventory charges and benefits from the Employee Retention Credit (ERC).

Operating expenses for the second quarter totaled $42.7 million, a 24% increase from $34.3 million in the prior year. Research and development expenses rose by 19% to $17.1 million, reflecting ongoing investments in new product development. General and administrative expenses surged by 41% to $18.5 million, largely due to increased litigation and settlement activities. Despite the revenue growth, Ouster reported a net loss of $20.6 million for the quarter, slightly improved from a loss of $23.9 million in the same period last year.

In terms of operational metrics, Ouster's customer base continues to expand, with notable growth in the Americas, where revenue increased by 81% year-over-year. The company is also seeing increased adoption of its lidar technology across various sectors, including automotive and industrial applications. As of June 30, 2025, Ouster had 57.8 million shares of common stock outstanding, reflecting a strategic focus on equity financing to support growth initiatives.

Looking ahead, Ouster remains optimistic about its market position and growth potential. The company plans to continue investing in research and development to enhance its product offerings and expand its market share. However, it acknowledges the challenges posed by fluctuating market conditions, including potential impacts from tariffs and trade policies, which could affect its supply chain and pricing strategies. Management believes that existing liquidity, which includes $229.1 million in cash and short-term investments, will be sufficient to fund operations for at least the next twelve months, although additional capital may be required to support future growth.