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

SNDL Inc. is the larger business by last-quarter revenue ($77.5M vs $62.2M, roughly 1.2× Ouster, Inc.).

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.

SNDL Inc. is a Canada-based consumer goods company focused primarily on the cannabis sector, offering a range of recreational and medical cannabis products, alongside craft beer, wine and spirit offerings. It operates across cultivation, product development, distribution and retail segments, serving both wholesale and retail customers mainly in the North American market.

OUST vs SNDL — Head-to-Head

Bigger by revenue
SNDL
SNDL
1.2× larger
SNDL
$77.5M
$62.2M
OUST

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
OUST
OUST
SNDL
SNDL
Revenue
$62.2M
$77.5M
Net Profit
Gross Margin
60.2%
25.3%
Operating Margin
1.5%
6.7%
Net Margin
Revenue YoY
106.6%
Net Profit YoY
EPS (diluted)
$0.10

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
SNDL
SNDL
Q4 25
$62.2M
Q3 25
$39.5M
Q2 25
$35.0M
Q1 25
$32.6M
$77.5M
Q4 24
$30.1M
Q3 24
$28.1M
Q2 24
$27.0M
Q1 24
$25.9M
$116.1M
Net Profit
OUST
OUST
SNDL
SNDL
Q4 25
Q3 25
$-21.7M
Q2 25
$-20.6M
Q1 25
$-22.0M
Q4 24
Q3 24
$-25.6M
Q2 24
$-23.9M
Q1 24
$-23.8M
Gross Margin
OUST
OUST
SNDL
SNDL
Q4 25
60.2%
Q3 25
42.1%
Q2 25
45.2%
Q1 25
41.3%
25.3%
Q4 24
43.8%
Q3 24
38.3%
Q2 24
33.7%
Q1 24
28.6%
24.8%
Operating Margin
OUST
OUST
SNDL
SNDL
Q4 25
1.5%
Q3 25
-61.4%
Q2 25
-76.5%
Q1 25
-73.0%
6.7%
Q4 24
-85.1%
Q3 24
-98.0%
Q2 24
-93.6%
Q1 24
-99.5%
1.9%
Net Margin
OUST
OUST
SNDL
SNDL
Q4 25
Q3 25
-55.0%
Q2 25
-58.8%
Q1 25
-67.5%
Q4 24
Q3 24
-91.1%
Q2 24
-88.4%
Q1 24
-91.9%
EPS (diluted)
OUST
OUST
SNDL
SNDL
Q4 25
$0.10
Q3 25
$-0.37
Q2 25
$-0.38
Q1 25
$-0.42
Q4 24
$-0.46
Q3 24
$-0.54
Q2 24
$-0.53
Q1 24
$-0.55

Balance Sheet & Financial Strength

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

Metric
OUST
OUST
SNDL
SNDL
Cash + ST InvestmentsLiquidity on hand
$208.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$261.7M
Total Assets
$349.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OUST
OUST
SNDL
SNDL
Q4 25
$208.6M
Q3 25
$244.5M
Q2 25
$226.5M
Q1 25
$168.2M
Q4 24
$172.0M
Q3 24
$151.4M
Q2 24
$184.2M
Q1 24
$187.8M
Stockholders' Equity
OUST
OUST
SNDL
SNDL
Q4 25
$261.7M
Q3 25
$247.4M
Q2 25
$221.0M
Q1 25
$167.9M
Q4 24
$180.9M
Q3 24
$171.7M
Q2 24
$170.6M
Q1 24
$167.2M
Total Assets
OUST
OUST
SNDL
SNDL
Q4 25
$349.5M
Q3 25
$353.8M
Q2 25
$321.8M
Q1 25
$268.6M
Q4 24
$276.1M
Q3 24
$255.2M
Q2 24
$309.9M
Q1 24
$317.7M

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OUST
OUST
SNDL
SNDL
Q4 25
$-15.4M
Q3 25
$-18.3M
Q2 25
$-1.3M
Q1 25
$-4.9M
Q4 24
$-2.6M
Q3 24
$-3.8M
Q2 24
$-21.6M
Q1 24
$-5.7M
Free Cash Flow
OUST
OUST
SNDL
SNDL
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
SNDL
SNDL
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
SNDL
SNDL
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%

Financial Flow Comparison

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

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