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Side-by-side financial comparison of Ouster, Inc. (OUST) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.

PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $62.2M, roughly 1.2× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 27.7%). PUMA BIOTECHNOLOGY, INC. produced more free cash flow last quarter ($14.4M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs 31.3%).

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.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

OUST vs PBYI — Head-to-Head

Bigger by revenue
PBYI
PBYI
1.2× larger
PBYI
$75.5M
$62.2M
OUST
Growing faster (revenue YoY)
OUST
OUST
+78.9% gap
OUST
106.6%
27.7%
PBYI
More free cash flow
PBYI
PBYI
$51.6M more FCF
PBYI
$14.4M
$-37.2M
OUST
Faster 2-yr revenue CAGR
OUST
OUST
Annualised
OUST
54.8%
31.3%
PBYI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OUST
OUST
PBYI
PBYI
Revenue
$62.2M
$75.5M
Net Profit
Gross Margin
60.2%
69.3%
Operating Margin
1.5%
22.7%
Net Margin
Revenue YoY
106.6%
27.7%
Net Profit YoY
EPS (diluted)
$0.10
$0.26

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
OUST
OUST
PBYI
PBYI
Q4 25
$62.2M
$75.5M
Q3 25
$39.5M
$54.5M
Q2 25
$35.0M
$52.4M
Q1 25
$32.6M
$46.0M
Q4 24
$30.1M
$59.1M
Q3 24
$28.1M
$80.5M
Q2 24
$27.0M
$47.1M
Q1 24
$25.9M
$43.8M
Net Profit
OUST
OUST
PBYI
PBYI
Q4 25
Q3 25
$-21.7M
$8.8M
Q2 25
$-20.6M
$5.9M
Q1 25
$-22.0M
$3.0M
Q4 24
Q3 24
$-25.6M
$20.3M
Q2 24
$-23.9M
$-4.5M
Q1 24
$-23.8M
$-4.8M
Gross Margin
OUST
OUST
PBYI
PBYI
Q4 25
60.2%
69.3%
Q3 25
42.1%
77.7%
Q2 25
45.2%
76.5%
Q1 25
41.3%
77.1%
Q4 24
43.8%
76.4%
Q3 24
38.3%
63.9%
Q2 24
33.7%
77.4%
Q1 24
28.6%
75.5%
Operating Margin
OUST
OUST
PBYI
PBYI
Q4 25
1.5%
22.7%
Q3 25
-61.4%
17.6%
Q2 25
-76.5%
12.7%
Q1 25
-73.0%
8.7%
Q4 24
-85.1%
22.6%
Q3 24
-98.0%
27.4%
Q2 24
-93.6%
-4.6%
Q1 24
-99.5%
-5.3%
Net Margin
OUST
OUST
PBYI
PBYI
Q4 25
Q3 25
-55.0%
16.2%
Q2 25
-58.8%
11.2%
Q1 25
-67.5%
6.5%
Q4 24
Q3 24
-91.1%
25.2%
Q2 24
-88.4%
-9.6%
Q1 24
-91.9%
-11.0%
EPS (diluted)
OUST
OUST
PBYI
PBYI
Q4 25
$0.10
$0.26
Q3 25
$-0.37
$0.17
Q2 25
$-0.38
$0.12
Q1 25
$-0.42
$0.06
Q4 24
$-0.46
$0.40
Q3 24
$-0.54
$0.41
Q2 24
$-0.53
$-0.09
Q1 24
$-0.55
$-0.10

Balance Sheet & Financial Strength

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

Metric
OUST
OUST
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$208.6M
$97.5M
Total DebtLower is stronger
$22.7M
Stockholders' EquityBook value
$261.7M
$130.3M
Total Assets
$349.5M
$216.3M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OUST
OUST
PBYI
PBYI
Q4 25
$208.6M
$97.5M
Q3 25
$244.5M
$94.4M
Q2 25
$226.5M
$96.0M
Q1 25
$168.2M
$93.2M
Q4 24
$172.0M
$101.0M
Q3 24
$151.4M
$96.7M
Q2 24
$184.2M
$96.8M
Q1 24
$187.8M
$107.2M
Total Debt
OUST
OUST
PBYI
PBYI
Q4 25
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
OUST
OUST
PBYI
PBYI
Q4 25
$261.7M
$130.3M
Q3 25
$247.4M
$115.3M
Q2 25
$221.0M
$104.7M
Q1 25
$167.9M
$97.1M
Q4 24
$180.9M
$92.1M
Q3 24
$171.7M
$71.1M
Q2 24
$170.6M
$48.5M
Q1 24
$167.2M
$51.0M
Total Assets
OUST
OUST
PBYI
PBYI
Q4 25
$349.5M
$216.3M
Q3 25
$353.8M
$202.9M
Q2 25
$321.8M
$194.9M
Q1 25
$268.6M
$196.2M
Q4 24
$276.1M
$213.3M
Q3 24
$255.2M
$220.7M
Q2 24
$309.9M
$205.0M
Q1 24
$317.7M
$214.1M
Debt / Equity
OUST
OUST
PBYI
PBYI
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×
Q1 24
2.00×

Cash Flow & Capital Efficiency

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

Metric
OUST
OUST
PBYI
PBYI
Operating Cash FlowLast quarter
$-15.4M
$14.4M
Free Cash FlowOCF − Capex
$-37.2M
$14.4M
FCF MarginFCF / Revenue
-59.8%
19.1%
Capex IntensityCapex / Revenue
35.0%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-64.8M
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OUST
OUST
PBYI
PBYI
Q4 25
$-15.4M
$14.4M
Q3 25
$-18.3M
$9.7M
Q2 25
$-1.3M
$14.1M
Q1 25
$-4.9M
$3.6M
Q4 24
$-2.6M
$15.6M
Q3 24
$-3.8M
$11.0M
Q2 24
$-21.6M
$1.0M
Q1 24
$-5.7M
$11.2M
Free Cash Flow
OUST
OUST
PBYI
PBYI
Q4 25
$-37.2M
$14.4M
Q3 25
$-20.0M
$9.7M
Q2 25
$-2.2M
$14.1M
Q1 25
$-5.4M
$3.6M
Q4 24
$-4.0M
$15.6M
Q3 24
$-4.3M
$11.0M
Q2 24
$-22.0M
$1.0M
Q1 24
$-7.1M
FCF Margin
OUST
OUST
PBYI
PBYI
Q4 25
-59.8%
19.1%
Q3 25
-50.7%
17.7%
Q2 25
-6.3%
26.8%
Q1 25
-16.6%
7.7%
Q4 24
-13.3%
26.4%
Q3 24
-15.4%
13.7%
Q2 24
-81.5%
2.1%
Q1 24
-27.4%
Capex Intensity
OUST
OUST
PBYI
PBYI
Q4 25
35.0%
0.0%
Q3 25
4.3%
0.0%
Q2 25
2.5%
0.0%
Q1 25
1.7%
0.1%
Q4 24
4.8%
0.0%
Q3 24
2.0%
0.0%
Q2 24
1.3%
0.0%
Q1 24
5.3%
0.0%
Cash Conversion
OUST
OUST
PBYI
PBYI
Q4 25
Q3 25
1.10×
Q2 25
2.41×
Q1 25
1.21×
Q4 24
Q3 24
0.54×
Q2 24
Q1 24

Financial Flow Comparison

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

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