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Side-by-side financial comparison of Ouster, Inc. (OUST) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
Ouster, Inc. is the larger business by last-quarter revenue ($62.2M vs $36.5M, roughly 1.7× SmartRent, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 3.1%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
OUST vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.2M | $36.5M |
| Net Profit | — | $-3.2M |
| Gross Margin | 60.2% | 38.6% |
| Operating Margin | 1.5% | -10.9% |
| Net Margin | — | -8.9% |
| Revenue YoY | 106.6% | 3.1% |
| Net Profit YoY | — | 71.6% |
| EPS (diluted) | $0.10 | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $39.5M | $36.2M | ||
| Q2 25 | $35.0M | $38.3M | ||
| Q1 25 | $32.6M | $41.3M | ||
| Q4 24 | $30.1M | $35.4M | ||
| Q3 24 | $28.1M | $40.5M | ||
| Q2 24 | $27.0M | $48.5M | ||
| Q1 24 | $25.9M | $50.5M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $-21.7M | $-6.3M | ||
| Q2 25 | $-20.6M | $-10.9M | ||
| Q1 25 | $-22.0M | $-40.2M | ||
| Q4 24 | — | $-11.4M | ||
| Q3 24 | $-25.6M | $-9.9M | ||
| Q2 24 | $-23.9M | $-4.6M | ||
| Q1 24 | $-23.8M | $-7.7M |
| Q4 25 | 60.2% | 38.6% | ||
| Q3 25 | 42.1% | 26.4% | ||
| Q2 25 | 45.2% | 33.1% | ||
| Q1 25 | 41.3% | 32.8% | ||
| Q4 24 | 43.8% | 28.7% | ||
| Q3 24 | 38.3% | 33.2% | ||
| Q2 24 | 33.7% | 35.7% | ||
| Q1 24 | 28.6% | 38.5% |
| Q4 25 | 1.5% | -10.9% | ||
| Q3 25 | -61.4% | -19.4% | ||
| Q2 25 | -76.5% | -30.5% | ||
| Q1 25 | -73.0% | -99.9% | ||
| Q4 24 | -85.1% | -36.6% | ||
| Q3 24 | -98.0% | -29.0% | ||
| Q2 24 | -93.6% | -14.3% | ||
| Q1 24 | -99.5% | -20.1% |
| Q4 25 | — | -8.9% | ||
| Q3 25 | -55.0% | -17.3% | ||
| Q2 25 | -58.8% | -28.3% | ||
| Q1 25 | -67.5% | -97.2% | ||
| Q4 24 | — | -32.3% | ||
| Q3 24 | -91.1% | -24.5% | ||
| Q2 24 | -88.4% | -9.5% | ||
| Q1 24 | -91.9% | -15.2% |
| Q4 25 | $0.10 | $-0.02 | ||
| Q3 25 | $-0.37 | $-0.03 | ||
| Q2 25 | $-0.38 | $-0.06 | ||
| Q1 25 | $-0.42 | $-0.21 | ||
| Q4 24 | $-0.46 | $-0.06 | ||
| Q3 24 | $-0.54 | $-0.05 | ||
| Q2 24 | $-0.53 | $-0.02 | ||
| 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 | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $261.7M | $232.1M |
| Total Assets | $349.5M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $208.6M | $104.5M | ||
| Q3 25 | $244.5M | $100.0M | ||
| Q2 25 | $226.5M | $105.0M | ||
| Q1 25 | $168.2M | $125.6M | ||
| Q4 24 | $172.0M | $142.5M | ||
| Q3 24 | $151.4M | $163.4M | ||
| Q2 24 | $184.2M | $187.4M | ||
| Q1 24 | $187.8M | $204.7M |
| Q4 25 | $261.7M | $232.1M | ||
| Q3 25 | $247.4M | $234.4M | ||
| Q2 25 | $221.0M | $238.8M | ||
| Q1 25 | $167.9M | $250.7M | ||
| Q4 24 | $180.9M | $289.4M | ||
| Q3 24 | $171.7M | $305.1M | ||
| Q2 24 | $170.6M | $329.4M | ||
| Q1 24 | $167.2M | $333.1M |
| Q4 25 | $349.5M | $320.9M | ||
| Q3 25 | $353.8M | $335.8M | ||
| Q2 25 | $321.8M | $354.0M | ||
| Q1 25 | $268.6M | $366.1M | ||
| Q4 24 | $276.1M | $420.2M | ||
| Q3 24 | $255.2M | $448.6M | ||
| Q2 24 | $309.9M | $475.3M | ||
| Q1 24 | $317.7M | $485.5M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | $-37.2M | $7.7M |
| FCF MarginFCF / Revenue | -59.8% | 21.0% |
| Capex IntensityCapex / Revenue | 35.0% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-64.8M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.4M | $7.7M | ||
| Q3 25 | $-18.3M | $-2.1M | ||
| Q2 25 | $-1.3M | $-14.9M | ||
| Q1 25 | $-4.9M | $-12.2M | ||
| Q4 24 | $-2.6M | $-12.0M | ||
| Q3 24 | $-3.8M | $-3.7M | ||
| Q2 24 | $-21.6M | $-13.9M | ||
| Q1 24 | $-5.7M | $-3.3M |
| Q4 25 | $-37.2M | $7.7M | ||
| Q3 25 | $-20.0M | $-2.2M | ||
| Q2 25 | $-2.2M | $-16.2M | ||
| Q1 25 | $-5.4M | $-14.3M | ||
| Q4 24 | $-4.0M | $-13.3M | ||
| Q3 24 | $-4.3M | $-3.9M | ||
| Q2 24 | $-22.0M | $-14.1M | ||
| Q1 24 | $-7.1M | $-3.4M |
| Q4 25 | -59.8% | 21.0% | ||
| Q3 25 | -50.7% | -6.1% | ||
| Q2 25 | -6.3% | -42.3% | ||
| Q1 25 | -16.6% | -34.7% | ||
| Q4 24 | -13.3% | -37.5% | ||
| Q3 24 | -15.4% | -9.7% | ||
| Q2 24 | -81.5% | -29.1% | ||
| Q1 24 | -27.4% | -6.7% |
| Q4 25 | 35.0% | 0.0% | ||
| Q3 25 | 4.3% | 0.2% | ||
| Q2 25 | 2.5% | 3.3% | ||
| Q1 25 | 1.7% | 5.3% | ||
| Q4 24 | 4.8% | 3.5% | ||
| Q3 24 | 2.0% | 0.6% | ||
| Q2 24 | 1.3% | 0.5% | ||
| Q1 24 | 5.3% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OUST
Segment breakdown not available.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
