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Side-by-side financial comparison of Ouster, Inc. (OUST) and Serve Robotics Inc. (SERV). Click either name above to swap in a different company.
Ouster, Inc. is the larger business by last-quarter revenue ($62.2M vs $881.5K, roughly 70.5× Serve Robotics Inc.). On growth, Serve Robotics Inc. posted the faster year-over-year revenue change (400.1% vs 106.6%). Ouster, Inc. produced more free cash flow last quarter ($-37.2M vs $-46.1M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs -3.5%).
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.
Ecovacs Robotics is a Chinese technology company. It is best known for developing in-home robotic appliances. The company was founded in 1998 by Qian Dongqi and is headquartered in Suzhou, China. According to Global Asia, Ecovacs Robotics had more than 60% of the Chinese market for robots by 2013. In 2023, Nikkei Asia had reported that the market capitalisation of Ecovacs Robotics has grown to near $6.38 billion, which is "roughly 5 times" that of the market capitalisation of rivalling US bas...
OUST vs SERV — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $62.2M | $881.5K |
| Net Profit | — | $-34.3M |
| Gross Margin | 60.2% | -757.3% |
| Operating Margin | 1.5% | -4572.1% |
| Net Margin | — | -3888.1% |
| Revenue YoY | 106.6% | 400.1% |
| Net Profit YoY | — | -161.3% |
| EPS (diluted) | $0.10 | $-0.50 |
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 | $881.5K | ||
| Q3 25 | $39.5M | $687.0K | ||
| Q2 25 | $35.0M | $642.0K | ||
| Q1 25 | $32.6M | $440.5K | ||
| Q4 24 | $30.1M | $176.3K | ||
| Q3 24 | $28.1M | $222.0K | ||
| Q2 24 | $27.0M | $468.0K | ||
| Q1 24 | $25.9M | $946.7K |
| Q4 25 | — | $-34.3M | ||
| Q3 25 | $-21.7M | $-33.0M | ||
| Q2 25 | $-20.6M | $-20.9M | ||
| Q1 25 | $-22.0M | $-13.2M | ||
| Q4 24 | — | $-13.1M | ||
| Q3 24 | $-25.6M | $-8.0M | ||
| Q2 24 | $-23.9M | $-9.0M | ||
| Q1 24 | $-23.8M | $-9.0M |
| Q4 25 | 60.2% | -757.3% | ||
| Q3 25 | 42.1% | -637.4% | ||
| Q2 25 | 45.2% | -445.3% | ||
| Q1 25 | 41.3% | -333.4% | ||
| Q4 24 | 43.8% | -371.7% | ||
| Q3 24 | 38.3% | -70.3% | ||
| Q2 24 | 33.7% | 30.3% | ||
| Q1 24 | 28.6% | 62.8% |
| Q4 25 | 1.5% | -4572.1% | ||
| Q3 25 | -61.4% | -5067.8% | ||
| Q2 25 | -76.5% | -3527.1% | ||
| Q1 25 | -73.0% | -3406.6% | ||
| Q4 24 | -85.1% | -7701.3% | ||
| Q3 24 | -98.0% | -3804.1% | ||
| Q2 24 | -93.6% | -1828.2% | ||
| Q1 24 | -99.5% | -814.6% |
| Q4 25 | — | -3888.1% | ||
| Q3 25 | -55.0% | -4806.4% | ||
| Q2 25 | -58.8% | -3247.7% | ||
| Q1 25 | -67.5% | -3000.5% | ||
| Q4 24 | — | -7441.8% | ||
| Q3 24 | -91.1% | -3601.8% | ||
| Q2 24 | -88.4% | -1931.2% | ||
| Q1 24 | -91.9% | -954.7% |
| Q4 25 | $0.10 | $-0.50 | ||
| Q3 25 | $-0.37 | $-0.54 | ||
| Q2 25 | $-0.38 | $-0.36 | ||
| Q1 25 | $-0.42 | $-0.23 | ||
| Q4 24 | $-0.46 | $-0.23 | ||
| Q3 24 | $-0.54 | $-0.20 | ||
| Q2 24 | $-0.53 | $-0.27 | ||
| Q1 24 | $-0.55 | $-0.37 |
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 | $106.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $261.7M | $350.7M |
| Total Assets | $349.5M | $367.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $208.6M | $106.2M | ||
| Q3 25 | $244.5M | $116.8M | ||
| Q2 25 | $226.5M | $116.7M | ||
| Q1 25 | $168.2M | $197.8M | ||
| Q4 24 | $172.0M | $123.3M | ||
| Q3 24 | $151.4M | $50.9M | ||
| Q2 24 | $184.2M | $28.8M | ||
| Q1 24 | $187.8M | — |
| Q4 25 | $261.7M | $350.7M | ||
| Q3 25 | $247.4M | $283.9M | ||
| Q2 25 | $221.0M | $207.2M | ||
| Q1 25 | $167.9M | $210.2M | ||
| Q4 24 | $180.9M | $131.7M | ||
| Q3 24 | $171.7M | $56.2M | ||
| Q2 24 | $170.6M | $28.5M | ||
| Q1 24 | $167.2M | $-8.8M |
| Q4 25 | $349.5M | $367.8M | ||
| Q3 25 | $353.8M | $299.1M | ||
| Q2 25 | $321.8M | $214.3M | ||
| Q1 25 | $268.6M | $216.6M | ||
| Q4 24 | $276.1M | $139.6M | ||
| Q3 24 | $255.2M | $61.5M | ||
| Q2 24 | $309.9M | $32.8M | ||
| Q1 24 | $317.7M | $4.2M |
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 | $-29.6M |
| Free Cash FlowOCF − Capex | $-37.2M | $-46.1M |
| FCF MarginFCF / Revenue | -59.8% | -5234.4% |
| Capex IntensityCapex / Revenue | 35.0% | 1872.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-64.8M | $-117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.4M | $-29.6M | ||
| Q3 25 | $-18.3M | $-25.2M | ||
| Q2 25 | $-1.3M | $-16.0M | ||
| Q1 25 | $-4.9M | $-9.5M | ||
| Q4 24 | $-2.6M | $-6.3M | ||
| Q3 24 | $-3.8M | $-5.5M | ||
| Q2 24 | $-21.6M | $-5.7M | ||
| Q1 24 | $-5.7M | $-4.1M |
| Q4 25 | $-37.2M | $-46.1M | ||
| Q3 25 | $-20.0M | $-36.5M | ||
| Q2 25 | $-2.2M | $-22.0M | ||
| Q1 25 | $-5.4M | $-12.9M | ||
| Q4 24 | $-4.0M | $-11.1M | ||
| Q3 24 | $-4.3M | $-10.1M | ||
| Q2 24 | $-22.0M | $-6.5M | ||
| Q1 24 | $-7.1M | $-4.1M |
| Q4 25 | -59.8% | -5234.4% | ||
| Q3 25 | -50.7% | -5314.1% | ||
| Q2 25 | -6.3% | -3426.8% | ||
| Q1 25 | -16.6% | -2934.1% | ||
| Q4 24 | -13.3% | -6307.8% | ||
| Q3 24 | -15.4% | -4529.7% | ||
| Q2 24 | -81.5% | -1396.6% | ||
| Q1 24 | -27.4% | -431.1% |
| Q4 25 | 35.0% | 1872.1% | ||
| Q3 25 | 4.3% | 1649.6% | ||
| Q2 25 | 2.5% | 940.4% | ||
| Q1 25 | 1.7% | 785.7% | ||
| Q4 24 | 4.8% | 2755.1% | ||
| Q3 24 | 2.0% | 2070.7% | ||
| Q2 24 | 1.3% | 169.8% | ||
| Q1 24 | 5.3% | 0.4% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
