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Side-by-side financial comparison of Ouster, Inc. (OUST) and P10, Inc. (PX). Click either name above to swap in a different company.
P10, Inc. is the larger business by last-quarter revenue ($81.0M vs $62.2M, roughly 1.3× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs -4.7%). P10, Inc. produced more free cash flow last quarter ($18.1M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs 10.7%).
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.
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
OUST vs PX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.2M | $81.0M |
| Net Profit | — | $9.5M |
| Gross Margin | 60.2% | — |
| Operating Margin | 1.5% | 31.9% |
| Net Margin | — | 11.7% |
| Revenue YoY | 106.6% | -4.7% |
| Net Profit YoY | — | 79.0% |
| EPS (diluted) | $0.10 | $0.08 |
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 | $62.2M | $81.0M | ||
| Q3 25 | $39.5M | $75.9M | ||
| Q2 25 | $35.0M | $72.7M | ||
| Q1 25 | $32.6M | $67.7M | ||
| Q4 24 | $30.1M | $85.0M | ||
| Q3 24 | $28.1M | $74.2M | ||
| Q2 24 | $27.0M | $71.1M | ||
| Q1 24 | $25.9M | $66.1M |
| Q4 25 | — | $9.5M | ||
| Q3 25 | $-21.7M | $2.1M | ||
| Q2 25 | $-20.6M | $3.4M | ||
| Q1 25 | $-22.0M | $4.5M | ||
| Q4 24 | — | $5.3M | ||
| Q3 24 | $-25.6M | $1.4M | ||
| Q2 24 | $-23.9M | $7.0M | ||
| Q1 24 | $-23.8M | $5.0M |
| 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% | 31.9% | ||
| Q3 25 | -61.4% | 14.1% | ||
| Q2 25 | -76.5% | 24.4% | ||
| Q1 25 | -73.0% | 16.6% | ||
| Q4 24 | -85.1% | 26.9% | ||
| Q3 24 | -98.0% | 11.9% | ||
| Q2 24 | -93.6% | 23.7% | ||
| Q1 24 | -99.5% | 18.3% |
| Q4 25 | — | 11.7% | ||
| Q3 25 | -55.0% | 2.8% | ||
| Q2 25 | -58.8% | 4.7% | ||
| Q1 25 | -67.5% | 6.7% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | -91.1% | 1.9% | ||
| Q2 24 | -88.4% | 9.8% | ||
| Q1 24 | -91.9% | 7.6% |
| Q4 25 | $0.10 | $0.08 | ||
| Q3 25 | $-0.37 | $0.02 | ||
| Q2 25 | $-0.38 | $0.03 | ||
| Q1 25 | $-0.42 | $0.04 | ||
| Q4 24 | $-0.46 | $0.05 | ||
| Q3 24 | $-0.54 | $0.01 | ||
| Q2 24 | $-0.53 | $0.06 | ||
| Q1 24 | $-0.55 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $208.6M | $28.2M |
| Total DebtLower is stronger | — | $373.2M |
| Stockholders' EquityBook value | $261.7M | $403.5M |
| Total Assets | $349.5M | $928.3M |
| Debt / EquityLower = less leverage | — | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $208.6M | $28.2M | ||
| Q3 25 | $244.5M | $40.0M | ||
| Q2 25 | $226.5M | $33.4M | ||
| Q1 25 | $168.2M | $74.4M | ||
| Q4 24 | $172.0M | $67.5M | ||
| Q3 24 | $151.4M | $61.5M | ||
| Q2 24 | $184.2M | $31.2M | ||
| Q1 24 | $187.8M | $29.0M |
| Q4 25 | — | $373.2M | ||
| Q3 25 | — | $393.4M | ||
| Q2 25 | — | $373.0M | ||
| Q1 25 | — | $357.2M | ||
| Q4 24 | — | $319.8M | ||
| Q3 24 | — | $319.4M | ||
| Q2 24 | — | $300.6M | ||
| Q1 24 | — | $314.0M |
| Q4 25 | $261.7M | $403.5M | ||
| Q3 25 | $247.4M | $396.8M | ||
| Q2 25 | $221.0M | $388.9M | ||
| Q1 25 | $167.9M | $374.3M | ||
| Q4 24 | $180.9M | $386.9M | ||
| Q3 24 | $171.7M | $394.1M | ||
| Q2 24 | $170.6M | $396.9M | ||
| Q1 24 | $167.2M | $400.1M |
| Q4 25 | $349.5M | $928.3M | ||
| Q3 25 | $353.8M | $936.0M | ||
| Q2 25 | $321.8M | $932.2M | ||
| Q1 25 | $268.6M | $877.4M | ||
| Q4 24 | $276.1M | $869.3M | ||
| Q3 24 | $255.2M | $857.0M | ||
| Q2 24 | $309.9M | $823.2M | ||
| Q1 24 | $317.7M | $832.8M |
| Q4 25 | — | 0.93× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 0.83× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.78× |
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 | $-15.4M | $23.0M |
| Free Cash FlowOCF − Capex | $-37.2M | $18.1M |
| FCF MarginFCF / Revenue | -59.8% | 22.3% |
| Capex IntensityCapex / Revenue | 35.0% | 6.0% |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $-64.8M | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.4M | $23.0M | ||
| Q3 25 | $-18.3M | $-8.6M | ||
| Q2 25 | $-1.3M | $13.4M | ||
| Q1 25 | $-4.9M | $-4.7M | ||
| Q4 24 | $-2.6M | $101.0M | ||
| Q3 24 | $-3.8M | $27.5M | ||
| Q2 24 | $-21.6M | $34.8M | ||
| Q1 24 | $-5.7M | $11.0M |
| Q4 25 | $-37.2M | $18.1M | ||
| Q3 25 | $-20.0M | $-9.5M | ||
| Q2 25 | $-2.2M | $11.6M | ||
| Q1 25 | $-5.4M | $-6.0M | ||
| Q4 24 | $-4.0M | $96.6M | ||
| Q3 24 | $-4.3M | $25.2M | ||
| Q2 24 | $-22.0M | $33.9M | ||
| Q1 24 | $-7.1M | $10.7M |
| Q4 25 | -59.8% | 22.3% | ||
| Q3 25 | -50.7% | -12.6% | ||
| Q2 25 | -6.3% | 15.9% | ||
| Q1 25 | -16.6% | -8.9% | ||
| Q4 24 | -13.3% | 113.6% | ||
| Q3 24 | -15.4% | 34.0% | ||
| Q2 24 | -81.5% | 47.7% | ||
| Q1 24 | -27.4% | 16.2% |
| Q4 25 | 35.0% | 6.0% | ||
| Q3 25 | 4.3% | 1.2% | ||
| Q2 25 | 2.5% | 2.5% | ||
| Q1 25 | 1.7% | 1.9% | ||
| Q4 24 | 4.8% | 5.2% | ||
| Q3 24 | 2.0% | 3.0% | ||
| Q2 24 | 1.3% | 1.3% | ||
| Q1 24 | 5.3% | 0.4% |
| Q4 25 | — | 2.43× | ||
| Q3 25 | — | -4.01× | ||
| Q2 25 | — | 3.96× | ||
| Q1 25 | — | -1.05× | ||
| Q4 24 | — | 19.12× | ||
| Q3 24 | — | 19.54× | ||
| Q2 24 | — | 4.98× | ||
| Q1 24 | — | 2.18× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OUST
Segment breakdown not available.
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
