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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and Ouster, Inc. (OUST). Click either name above to swap in a different company.
Ouster, Inc. is the larger business by last-quarter revenue ($62.2M vs $43.2M, roughly 1.4× ADAMAS TRUST, INC.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 61.6%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $-37.2M). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs 54.8%).
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
ADAM vs OUST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $62.2M |
| Net Profit | $53.5M | — |
| Gross Margin | — | 60.2% |
| Operating Margin | — | 1.5% |
| Net Margin | 124.0% | — |
| Revenue YoY | 61.6% | 106.6% |
| Net Profit YoY | 270.5% | — |
| EPS (diluted) | $0.45 | $0.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $43.2M | $62.2M | ||
| Q3 25 | $36.6M | $39.5M | ||
| Q2 25 | $36.4M | $35.0M | ||
| Q1 25 | $33.1M | $32.6M | ||
| Q4 24 | $26.7M | $30.1M | ||
| Q3 24 | $20.2M | $28.1M | ||
| Q2 24 | $19.0M | $27.0M | ||
| Q1 24 | $17.9M | $25.9M |
| Q4 25 | $53.5M | — | ||
| Q3 25 | $44.8M | $-21.7M | ||
| Q2 25 | $8.5M | $-20.6M | ||
| Q1 25 | $42.2M | $-22.0M | ||
| Q4 24 | $-31.4M | — | ||
| Q3 24 | $42.8M | $-25.6M | ||
| Q2 24 | $-15.6M | $-23.9M | ||
| Q1 24 | $-57.9M | $-23.8M |
| Q4 25 | — | 60.2% | ||
| Q3 25 | — | 42.1% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 41.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 33.7% | ||
| Q1 24 | — | 28.6% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | -61.4% | ||
| Q2 25 | 11.7% | -76.5% | ||
| Q1 25 | — | -73.0% | ||
| Q4 24 | -119.0% | -85.1% | ||
| Q3 24 | — | -98.0% | ||
| Q2 24 | -124.7% | -93.6% | ||
| Q1 24 | -448.8% | -99.5% |
| Q4 25 | 124.0% | — | ||
| Q3 25 | 122.5% | -55.0% | ||
| Q2 25 | 23.4% | -58.8% | ||
| Q1 25 | 127.4% | -67.5% | ||
| Q4 24 | -117.5% | — | ||
| Q3 24 | 211.7% | -91.1% | ||
| Q2 24 | -81.9% | -88.4% | ||
| Q1 24 | -324.1% | -91.9% |
| Q4 25 | $0.45 | $0.10 | ||
| Q3 25 | $0.36 | $-0.37 | ||
| Q2 25 | $-0.04 | $-0.38 | ||
| Q1 25 | $0.33 | $-0.42 | ||
| Q4 24 | $-0.46 | $-0.46 | ||
| Q3 24 | $0.36 | $-0.54 | ||
| Q2 24 | $-0.29 | $-0.53 | ||
| Q1 24 | $-0.75 | $-0.55 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $210.3M | $208.6M |
| Total DebtLower is stronger | $735.8M | — |
| Stockholders' EquityBook value | $1.4B | $261.7M |
| Total Assets | $12.6B | $349.5M |
| Debt / EquityLower = less leverage | 0.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $208.6M | ||
| Q3 25 | $185.3M | $244.5M | ||
| Q2 25 | $160.4M | $226.5M | ||
| Q1 25 | $177.1M | $168.2M | ||
| Q4 24 | $167.4M | $172.0M | ||
| Q3 24 | $195.1M | $151.4M | ||
| Q2 24 | $235.5M | $184.2M | ||
| Q1 24 | $226.9M | $187.8M |
| Q4 25 | $735.8M | — | ||
| Q3 25 | $766.6M | — | ||
| Q2 25 | $653.0M | — | ||
| Q1 25 | $654.4M | — | ||
| Q4 24 | $573.2M | — | ||
| Q3 24 | $699.4M | — | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | — |
| Q4 25 | $1.4B | $261.7M | ||
| Q3 25 | $1.4B | $247.4M | ||
| Q2 25 | $1.4B | $221.0M | ||
| Q1 25 | $1.4B | $167.9M | ||
| Q4 24 | $1.4B | $180.9M | ||
| Q3 24 | $1.4B | $171.7M | ||
| Q2 24 | $1.4B | $170.6M | ||
| Q1 24 | $1.5B | $167.2M |
| Q4 25 | $12.6B | $349.5M | ||
| Q3 25 | $12.4B | $353.8M | ||
| Q2 25 | $10.6B | $321.8M | ||
| Q1 25 | $10.0B | $268.6M | ||
| Q4 24 | $9.2B | $276.1M | ||
| Q3 24 | $8.9B | $255.2M | ||
| Q2 24 | $8.2B | $309.9M | ||
| Q1 24 | $7.4B | $317.7M |
| Q4 25 | 0.52× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.67× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $134.0M | $-15.4M |
| Free Cash FlowOCF − Capex | $125.9M | $-37.2M |
| FCF MarginFCF / Revenue | 291.6% | -59.8% |
| Capex IntensityCapex / Revenue | 18.9% | 35.0% |
| Cash ConversionOCF / Net Profit | 2.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-64.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | $-15.4M | ||
| Q3 25 | $6.9M | $-18.3M | ||
| Q2 25 | $39.2M | $-1.3M | ||
| Q1 25 | $25.8M | $-4.9M | ||
| Q4 24 | $14.1M | $-2.6M | ||
| Q3 24 | $-922.0K | $-3.8M | ||
| Q2 24 | $-993.0K | $-21.6M | ||
| Q1 24 | $-13.1M | $-5.7M |
| Q4 25 | $125.9M | $-37.2M | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | — | $-2.2M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | $-10.6M | $-4.0M | ||
| Q3 24 | $-8.6M | $-4.3M | ||
| Q2 24 | $-8.6M | $-22.0M | ||
| Q1 24 | $-19.1M | $-7.1M |
| Q4 25 | 291.6% | -59.8% | ||
| Q3 25 | — | -50.7% | ||
| Q2 25 | — | -6.3% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | -39.6% | -13.3% | ||
| Q3 24 | -42.3% | -15.4% | ||
| Q2 24 | -44.9% | -81.5% | ||
| Q1 24 | -107.0% | -27.4% |
| Q4 25 | 18.9% | 35.0% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 92.3% | 4.8% | ||
| Q3 24 | 37.7% | 2.0% | ||
| Q2 24 | 39.7% | 1.3% | ||
| Q1 24 | 33.5% | 5.3% |
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
OUST
Segment breakdown not available.
