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Side-by-side financial comparison of Ouster, Inc. (OUST) and Solid Power, Inc. (SLDP). Click either name above to swap in a different company.
Ouster, Inc. is the larger business by last-quarter revenue ($62.2M vs $3.6M, roughly 17.1× Solid Power, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs -18.6%). Solid Power, Inc. produced more free cash flow last quarter ($-23.0M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs -21.9%).
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.
Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.
OUST vs SLDP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.2M | $3.6M |
| Net Profit | — | — |
| Gross Margin | 60.2% | — |
| Operating Margin | 1.5% | -730.1% |
| Net Margin | — | — |
| Revenue YoY | 106.6% | -18.6% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.10 | $-0.15 |
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 | $3.6M | ||
| Q3 25 | $39.5M | $3.7M | ||
| Q2 25 | $35.0M | $6.5M | ||
| Q1 25 | $32.6M | $6.0M | ||
| Q4 24 | $30.1M | $4.5M | ||
| Q3 24 | $28.1M | $4.7M | ||
| Q2 24 | $27.0M | $5.1M | ||
| Q1 24 | $25.9M | $6.0M |
| Q4 25 | — | — | ||
| Q3 25 | $-21.7M | $-25.9M | ||
| Q2 25 | $-20.6M | $-25.3M | ||
| Q1 25 | $-22.0M | $-15.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-25.6M | $-22.4M | ||
| Q2 24 | $-23.9M | $-22.3M | ||
| Q1 24 | $-23.8M | $-21.2M |
| 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% | -730.1% | ||
| Q3 25 | -61.4% | -654.4% | ||
| Q2 25 | -76.5% | -398.9% | ||
| Q1 25 | -73.0% | -399.4% | ||
| Q4 24 | -85.1% | -561.1% | ||
| Q3 24 | -98.0% | -593.2% | ||
| Q2 24 | -93.6% | -530.8% | ||
| Q1 24 | -99.5% | -433.1% |
| Q4 25 | — | — | ||
| Q3 25 | -55.0% | -693.1% | ||
| Q2 25 | -58.8% | -390.7% | ||
| Q1 25 | -67.5% | -251.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | -91.1% | -482.0% | ||
| Q2 24 | -88.4% | -438.9% | ||
| Q1 24 | -91.9% | -356.2% |
| Q4 25 | $0.10 | $-0.15 | ||
| Q3 25 | $-0.37 | $-0.14 | ||
| Q2 25 | $-0.38 | $-0.14 | ||
| Q1 25 | $-0.42 | $-0.08 | ||
| Q4 24 | $-0.46 | $-0.16 | ||
| Q3 24 | $-0.54 | $-0.13 | ||
| Q2 24 | $-0.53 | $-0.13 | ||
| Q1 24 | $-0.55 | $-0.12 |
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 | $250.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $261.7M | $415.7M |
| Total Assets | $349.5M | $455.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $208.6M | $250.8M | ||
| Q3 25 | $244.5M | $251.2M | ||
| Q2 25 | $226.5M | $230.9M | ||
| Q1 25 | $168.2M | $240.9M | ||
| Q4 24 | $172.0M | $118.2M | ||
| Q3 24 | $151.4M | $132.0M | ||
| Q2 24 | $184.2M | $140.5M | ||
| Q1 24 | $187.8M | $146.6M |
| Q4 25 | $261.7M | $415.7M | ||
| Q3 25 | $247.4M | $381.2M | ||
| Q2 25 | $221.0M | $370.6M | ||
| Q1 25 | $167.9M | $397.1M | ||
| Q4 24 | $180.9M | $410.3M | ||
| Q3 24 | $171.7M | $439.4M | ||
| Q2 24 | $170.6M | $456.8M | ||
| Q1 24 | $167.2M | $479.4M |
| Q4 25 | $349.5M | $455.1M | ||
| Q3 25 | $353.8M | $416.1M | ||
| Q2 25 | $321.8M | $398.0M | ||
| Q1 25 | $268.6M | $419.4M | ||
| Q4 24 | $276.1M | $448.3M | ||
| Q3 24 | $255.2M | $470.9M | ||
| Q2 24 | $309.9M | $492.6M | ||
| Q1 24 | $317.7M | $516.2M |
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 | $-18.4M |
| Free Cash FlowOCF − Capex | $-37.2M | $-23.0M |
| FCF MarginFCF / Revenue | -59.8% | -633.0% |
| Capex IntensityCapex / Revenue | 35.0% | 126.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-64.8M | $-83.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.4M | $-18.4M | ||
| Q3 25 | $-18.3M | $-14.3M | ||
| Q2 25 | $-1.3M | $-14.4M | ||
| Q1 25 | $-4.9M | $-26.3M | ||
| Q4 24 | $-2.6M | $-13.9M | ||
| Q3 24 | $-3.8M | $-9.9M | ||
| Q2 24 | $-21.6M | $-11.1M | ||
| Q1 24 | $-5.7M | $-29.1M |
| Q4 25 | $-37.2M | $-23.0M | ||
| Q3 25 | $-20.0M | $-14.8M | ||
| Q2 25 | $-2.2M | $-17.1M | ||
| Q1 25 | $-5.4M | $-28.6M | ||
| Q4 24 | $-4.0M | $-18.6M | ||
| Q3 24 | $-4.3M | $-12.6M | ||
| Q2 24 | $-22.0M | $-15.5M | ||
| Q1 24 | $-7.1M | $-33.1M |
| Q4 25 | -59.8% | -633.0% | ||
| Q3 25 | -50.7% | -397.6% | ||
| Q2 25 | -6.3% | -264.2% | ||
| Q1 25 | -16.6% | -476.1% | ||
| Q4 24 | -13.3% | -416.5% | ||
| Q3 24 | -15.4% | -271.5% | ||
| Q2 24 | -81.5% | -305.8% | ||
| Q1 24 | -27.4% | -556.3% |
| Q4 25 | 35.0% | 126.5% | ||
| Q3 25 | 4.3% | 15.3% | ||
| Q2 25 | 2.5% | 41.5% | ||
| Q1 25 | 1.7% | 39.1% | ||
| Q4 24 | 4.8% | 105.5% | ||
| Q3 24 | 2.0% | 59.7% | ||
| Q2 24 | 1.3% | 86.8% | ||
| Q1 24 | 5.3% | 68.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
