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

RIGEL PHARMACEUTICALS INC is the larger business by last-quarter revenue ($69.8M vs $62.2M, roughly 1.1× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 21.2%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs 53.7%).

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.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

OUST vs RIGL — Head-to-Head

Bigger by revenue
RIGL
RIGL
1.1× larger
RIGL
$69.8M
$62.2M
OUST
Growing faster (revenue YoY)
OUST
OUST
+85.4% gap
OUST
106.6%
21.2%
RIGL
Faster 2-yr revenue CAGR
OUST
OUST
Annualised
OUST
54.8%
53.7%
RIGL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OUST
OUST
RIGL
RIGL
Revenue
$62.2M
$69.8M
Net Profit
$268.1M
Gross Margin
60.2%
91.5%
Operating Margin
1.5%
33.2%
Net Margin
384.0%
Revenue YoY
106.6%
21.2%
Net Profit YoY
1769.2%
EPS (diluted)
$0.10
$14.11

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
RIGL
RIGL
Q4 25
$62.2M
$69.8M
Q3 25
$39.5M
$69.5M
Q2 25
$35.0M
$101.7M
Q1 25
$32.6M
$53.3M
Q4 24
$30.1M
$57.6M
Q3 24
$28.1M
$55.3M
Q2 24
$27.0M
$36.8M
Q1 24
$25.9M
$29.5M
Net Profit
OUST
OUST
RIGL
RIGL
Q4 25
$268.1M
Q3 25
$-21.7M
$27.9M
Q2 25
$-20.6M
$59.6M
Q1 25
$-22.0M
$11.4M
Q4 24
$14.3M
Q3 24
$-25.6M
$12.4M
Q2 24
$-23.9M
$-1.0M
Q1 24
$-23.8M
$-8.2M
Gross Margin
OUST
OUST
RIGL
RIGL
Q4 25
60.2%
91.5%
Q3 25
42.1%
93.2%
Q2 25
45.2%
95.6%
Q1 25
41.3%
91.7%
Q4 24
43.8%
89.9%
Q3 24
38.3%
85.5%
Q2 24
33.7%
92.4%
Q1 24
28.6%
93.1%
Operating Margin
OUST
OUST
RIGL
RIGL
Q4 25
1.5%
33.2%
Q3 25
-61.4%
40.9%
Q2 25
-76.5%
60.1%
Q1 25
-73.0%
23.9%
Q4 24
-85.1%
28.9%
Q3 24
-98.0%
25.4%
Q2 24
-93.6%
1.2%
Q1 24
-99.5%
-23.6%
Net Margin
OUST
OUST
RIGL
RIGL
Q4 25
384.0%
Q3 25
-55.0%
40.2%
Q2 25
-58.8%
58.6%
Q1 25
-67.5%
21.5%
Q4 24
24.9%
Q3 24
-91.1%
22.5%
Q2 24
-88.4%
-2.8%
Q1 24
-91.9%
-27.9%
EPS (diluted)
OUST
OUST
RIGL
RIGL
Q4 25
$0.10
$14.11
Q3 25
$-0.37
$1.46
Q2 25
$-0.38
$3.28
Q1 25
$-0.42
$0.63
Q4 24
$-0.46
$0.82
Q3 24
$-0.54
$0.70
Q2 24
$-0.53
$-0.06
Q1 24
$-0.55
$-0.47

Balance Sheet & Financial Strength

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

Metric
OUST
OUST
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$208.6M
$155.0M
Total DebtLower is stronger
$52.5M
Stockholders' EquityBook value
$261.7M
$391.5M
Total Assets
$349.5M
$513.6M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OUST
OUST
RIGL
RIGL
Q4 25
$208.6M
$155.0M
Q3 25
$244.5M
$137.1M
Q2 25
$226.5M
$108.4M
Q1 25
$168.2M
$77.1M
Q4 24
$172.0M
$77.3M
Q3 24
$151.4M
$61.1M
Q2 24
$184.2M
$49.1M
Q1 24
$187.8M
$49.5M
Total Debt
OUST
OUST
RIGL
RIGL
Q4 25
$52.5M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$60.0M
Q4 24
$60.0M
Q3 24
$60.0M
Q2 24
$60.0M
Q1 24
$60.0M
Stockholders' Equity
OUST
OUST
RIGL
RIGL
Q4 25
$261.7M
$391.5M
Q3 25
$247.4M
$117.6M
Q2 25
$221.0M
$81.9M
Q1 25
$167.9M
$18.6M
Q4 24
$180.9M
$3.3M
Q3 24
$171.7M
$-14.6M
Q2 24
$170.6M
$-29.9M
Q1 24
$167.2M
$-31.7M
Total Assets
OUST
OUST
RIGL
RIGL
Q4 25
$349.5M
$513.6M
Q3 25
$353.8M
$242.5M
Q2 25
$321.8M
$206.7M
Q1 25
$268.6M
$176.0M
Q4 24
$276.1M
$164.0M
Q3 24
$255.2M
$139.4M
Q2 24
$309.9M
$128.4M
Q1 24
$317.7M
$126.5M
Debt / Equity
OUST
OUST
RIGL
RIGL
Q4 25
0.13×
Q3 25
0.51×
Q2 25
0.73×
Q1 25
3.23×
Q4 24
18.25×
Q3 24
Q2 24
Q1 24

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
RIGL
RIGL
Operating Cash FlowLast quarter
$-15.4M
$22.0M
Free Cash FlowOCF − Capex
$-37.2M
FCF MarginFCF / Revenue
-59.8%
Capex IntensityCapex / Revenue
35.0%
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters
$-64.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OUST
OUST
RIGL
RIGL
Q4 25
$-15.4M
$22.0M
Q3 25
$-18.3M
$24.0M
Q2 25
$-1.3M
$30.5M
Q1 25
$-4.9M
$-893.0K
Q4 24
$-2.6M
$14.5M
Q3 24
$-3.8M
$21.7M
Q2 24
$-21.6M
$302.0K
Q1 24
$-5.7M
$-5.0M
Free Cash Flow
OUST
OUST
RIGL
RIGL
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
Q1 24
$-7.1M
FCF Margin
OUST
OUST
RIGL
RIGL
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%
Q1 24
-27.4%
Capex Intensity
OUST
OUST
RIGL
RIGL
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%
Q1 24
5.3%
Cash Conversion
OUST
OUST
RIGL
RIGL
Q4 25
0.08×
Q3 25
0.86×
Q2 25
0.51×
Q1 25
-0.08×
Q4 24
1.01×
Q3 24
1.75×
Q2 24
Q1 24

Financial Flow Comparison

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

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