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Side-by-side financial comparison of Niagen Bioscience, Inc. (NAGE) and Ouster, Inc. (OUST). Click either name above to swap in a different company.

Ouster, Inc. is the larger business by last-quarter revenue ($48.6M vs $33.8M, roughly 1.4× Niagen Bioscience, Inc.). Niagen Bioscience, Inc. runs the higher net margin — 12.2% vs 8.2%, a 4.0% gap on every dollar of revenue. On growth, Ouster, Inc. posted the faster year-over-year revenue change (48.9% vs 16.2%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (34.2% CAGR vs 23.6%).

Niagen Bioscience, formerly ChromaDex, is a bioscience сompany based in Los Angeles, California founded in 1999. The company operates in multiple sectors including reference standards, dietary supplements, and ingredient technology. Niagen Bioscience is publicly traded on the NASDAQ.

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.

NAGE vs OUST — Head-to-Head

Bigger by revenue
OUST
OUST
1.4× larger
OUST
$48.6M
$33.8M
NAGE
Growing faster (revenue YoY)
OUST
OUST
+32.7% gap
OUST
48.9%
16.2%
NAGE
Higher net margin
NAGE
NAGE
4.0% more per $
NAGE
12.2%
8.2%
OUST
Faster 2-yr revenue CAGR
OUST
OUST
Annualised
OUST
34.2%
23.6%
NAGE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NAGE
NAGE
OUST
OUST
Revenue
$33.8M
$48.6M
Net Profit
$4.1M
$4.0M
Gross Margin
64.1%
42.9%
Operating Margin
12.1%
17.6%
Net Margin
12.2%
8.2%
Revenue YoY
16.2%
48.9%
Net Profit YoY
-42.4%
EPS (diluted)
$0.05
$0.06

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.

Revenue
NAGE
NAGE
OUST
OUST
Q1 26
$48.6M
Q4 25
$33.8M
$62.2M
Q3 25
$34.0M
$39.5M
Q2 25
$31.1M
$35.0M
Q1 25
$30.5M
$32.6M
Q4 24
$29.1M
$30.1M
Q3 24
$25.6M
$28.1M
Q2 24
$22.7M
$27.0M
Net Profit
NAGE
NAGE
OUST
OUST
Q1 26
$4.0M
Q4 25
$4.1M
Q3 25
$4.6M
$-21.7M
Q2 25
$3.6M
$-20.6M
Q1 25
$5.1M
$-22.0M
Q4 24
$7.2M
Q3 24
$1.9M
$-25.6M
Q2 24
$-15.0K
$-23.9M
Gross Margin
NAGE
NAGE
OUST
OUST
Q1 26
42.9%
Q4 25
64.1%
60.2%
Q3 25
64.5%
42.1%
Q2 25
65.0%
45.2%
Q1 25
63.4%
41.3%
Q4 24
62.5%
43.8%
Q3 24
63.5%
38.3%
Q2 24
60.2%
33.7%
Operating Margin
NAGE
NAGE
OUST
OUST
Q1 26
17.6%
Q4 25
12.1%
1.5%
Q3 25
12.5%
-61.4%
Q2 25
10.2%
-76.5%
Q1 25
15.7%
-73.0%
Q4 24
24.4%
-85.1%
Q3 24
6.3%
-98.0%
Q2 24
-1.1%
-93.6%
Net Margin
NAGE
NAGE
OUST
OUST
Q1 26
8.2%
Q4 25
12.2%
Q3 25
13.5%
-55.0%
Q2 25
11.6%
-58.8%
Q1 25
16.6%
-67.5%
Q4 24
24.6%
Q3 24
7.3%
-91.1%
Q2 24
-0.1%
-88.4%
EPS (diluted)
NAGE
NAGE
OUST
OUST
Q1 26
$0.06
Q4 25
$0.05
$0.10
Q3 25
$0.05
$-0.37
Q2 25
$0.04
$-0.38
Q1 25
$0.06
$-0.42
Q4 24
$0.10
$-0.46
Q3 24
$0.02
$-0.54
Q2 24
$0.00
$-0.53

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NAGE
NAGE
OUST
OUST
Cash + ST InvestmentsLiquidity on hand
$173.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$76.5M
$275.6M
Total Assets
$106.4M
$381.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAGE
NAGE
OUST
OUST
Q1 26
$173.1M
Q4 25
$208.6M
Q3 25
$64.1M
$244.5M
Q2 25
$60.3M
$226.5M
Q1 25
$55.5M
$168.2M
Q4 24
$44.5M
$172.0M
Q3 24
$32.2M
$151.4M
Q2 24
$27.7M
$184.2M
Stockholders' Equity
NAGE
NAGE
OUST
OUST
Q1 26
$275.6M
Q4 25
$76.5M
$261.7M
Q3 25
$70.7M
$247.4M
Q2 25
$64.2M
$221.0M
Q1 25
$55.3M
$167.9M
Q4 24
$46.1M
$180.9M
Q3 24
$34.4M
$171.7M
Q2 24
$30.7M
$170.6M
Total Assets
NAGE
NAGE
OUST
OUST
Q1 26
$381.5M
Q4 25
$106.4M
$349.5M
Q3 25
$98.1M
$353.8M
Q2 25
$91.5M
$321.8M
Q1 25
$81.3M
$268.6M
Q4 24
$68.3M
$276.1M
Q3 24
$56.5M
$255.2M
Q2 24
$54.0M
$309.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NAGE
NAGE
OUST
OUST
Operating Cash FlowLast quarter
$679.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.16×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAGE
NAGE
OUST
OUST
Q1 26
Q4 25
$679.0K
$-15.4M
Q3 25
$3.7M
$-18.3M
Q2 25
$1.3M
$-1.3M
Q1 25
$7.9M
$-4.9M
Q4 24
$8.6M
$-2.6M
Q3 24
$3.5M
$-3.8M
Q2 24
$-264.0K
$-21.6M
Free Cash Flow
NAGE
NAGE
OUST
OUST
Q1 26
Q4 25
$-37.2M
Q3 25
$-20.0M
Q2 25
$-2.2M
Q1 25
$-5.4M
Q4 24
$-4.0M
Q3 24
$-4.3M
Q2 24
$-22.0M
FCF Margin
NAGE
NAGE
OUST
OUST
Q1 26
Q4 25
-59.8%
Q3 25
-50.7%
Q2 25
-6.3%
Q1 25
-16.6%
Q4 24
-13.3%
Q3 24
-15.4%
Q2 24
-81.5%
Capex Intensity
NAGE
NAGE
OUST
OUST
Q1 26
Q4 25
35.0%
Q3 25
4.3%
Q2 25
2.5%
Q1 25
1.7%
Q4 24
4.8%
Q3 24
2.0%
Q2 24
1.3%
Cash Conversion
NAGE
NAGE
OUST
OUST
Q1 26
Q4 25
0.16×
Q3 25
0.81×
Q2 25
0.35×
Q1 25
1.56×
Q4 24
1.20×
Q3 24
1.86×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NAGE
NAGE

TRUNIAGEN Consumer Product$27.5M81%
Ingredients Segment$5.7M17%
Other$694.0K2%

OUST
OUST

Product revenue$48.2M99%
Royalties$347.0K1%

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