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Side-by-side financial comparison of Ouster, Inc. (OUST) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
Safehold Inc. is the larger business by last-quarter revenue ($97.9M vs $62.2M, roughly 1.6× Ouster, Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 6.4%, a 22.1% gap on every dollar of revenue. On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 6.5%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (51.8% CAGR vs 2.5%).
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.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
OUST vs SAFE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.2M | $97.9M |
| Net Profit | $4.0M | $27.9M |
| Gross Margin | 60.2% | 98.6% |
| Operating Margin | 41.2% | 27.4% |
| Net Margin | 6.4% | 28.5% |
| Revenue YoY | 106.6% | 6.5% |
| Net Profit YoY | — | 7.1% |
| EPS (diluted) | $0.06 | $0.38 |
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.
| Q1 26 | $62.2M | — | ||
| Q4 25 | $62.2M | $97.9M | ||
| Q3 25 | $39.5M | $96.2M | ||
| Q2 25 | $35.0M | $93.8M | ||
| Q1 25 | $32.6M | $97.7M | ||
| Q4 24 | $30.1M | $91.9M | ||
| Q3 24 | $28.1M | $90.7M | ||
| Q2 24 | $27.0M | $89.9M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $27.9M | ||
| Q3 25 | $-21.7M | $29.3M | ||
| Q2 25 | $-20.6M | $27.9M | ||
| Q1 25 | $-22.0M | $29.4M | ||
| Q4 24 | — | $26.0M | ||
| Q3 24 | $-25.6M | $19.3M | ||
| Q2 24 | $-23.9M | $29.7M |
| Q1 26 | 60.2% | — | ||
| Q4 25 | 60.2% | 98.6% | ||
| Q3 25 | 42.1% | 98.5% | ||
| Q2 25 | 45.2% | 99.1% | ||
| Q1 25 | 41.3% | 98.8% | ||
| Q4 24 | 43.8% | 98.8% | ||
| Q3 24 | 38.3% | 98.8% | ||
| Q2 24 | 33.7% | 98.8% |
| Q1 26 | 41.2% | — | ||
| Q4 25 | 1.5% | 27.4% | ||
| Q3 25 | -61.4% | 25.9% | ||
| Q2 25 | -76.5% | 25.5% | ||
| Q1 25 | -73.0% | 25.9% | ||
| Q4 24 | -85.1% | 24.6% | ||
| Q3 24 | -98.0% | 17.5% | ||
| Q2 24 | -93.6% | 26.7% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | -55.0% | 30.5% | ||
| Q2 25 | -58.8% | 29.8% | ||
| Q1 25 | -67.5% | 30.1% | ||
| Q4 24 | — | 28.3% | ||
| Q3 24 | -91.1% | 21.3% | ||
| Q2 24 | -88.4% | 33.0% |
| Q1 26 | $0.06 | — | ||
| Q4 25 | $0.10 | $0.38 | ||
| Q3 25 | $-0.37 | $0.41 | ||
| Q2 25 | $-0.38 | $0.39 | ||
| Q1 25 | $-0.42 | $0.41 | ||
| Q4 24 | $-0.46 | $0.36 | ||
| Q3 24 | $-0.54 | $0.27 | ||
| Q2 24 | $-0.53 | $0.42 |
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 | $21.7M |
| Total DebtLower is stronger | — | $4.6B |
| Stockholders' EquityBook value | $261.7M | $2.4B |
| Total Assets | $349.5M | $7.2B |
| Debt / EquityLower = less leverage | — | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $208.6M | — | ||
| Q4 25 | $208.6M | $21.7M | ||
| Q3 25 | $244.5M | $12.1M | ||
| Q2 25 | $226.5M | $13.9M | ||
| Q1 25 | $168.2M | $17.3M | ||
| Q4 24 | $172.0M | $8.3M | ||
| Q3 24 | $151.4M | $15.6M | ||
| Q2 24 | $184.2M | $13.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.2B |
| Q1 26 | $261.7M | — | ||
| Q4 25 | $261.7M | $2.4B | ||
| Q3 25 | $247.4M | $2.4B | ||
| Q2 25 | $221.0M | $2.4B | ||
| Q1 25 | $167.9M | $2.4B | ||
| Q4 24 | $180.9M | $2.3B | ||
| Q3 24 | $171.7M | $2.3B | ||
| Q2 24 | $170.6M | $2.3B |
| Q1 26 | $349.5M | — | ||
| Q4 25 | $349.5M | $7.2B | ||
| Q3 25 | $353.8M | $7.1B | ||
| Q2 25 | $321.8M | $7.1B | ||
| Q1 25 | $268.6M | $6.9B | ||
| Q4 24 | $276.1M | $6.9B | ||
| Q3 24 | $255.2M | $6.8B | ||
| Q2 24 | $309.9M | $6.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.89× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 1.84× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.81× |
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 | — | $47.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-15.4M | $47.8M | ||
| Q3 25 | $-18.3M | $-1.4M | ||
| Q2 25 | $-1.3M | $28.0M | ||
| Q1 25 | $-4.9M | $8.9M | ||
| Q4 24 | $-2.6M | $37.9M | ||
| Q3 24 | $-3.8M | $8.3M | ||
| Q2 24 | $-21.6M | $24.8M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | -0.05× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OUST
| Product revenue | $41.0M | 66% |
| Royalties | $21.2M | 34% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
