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Side-by-side financial comparison of Ouster, Inc. (OUST) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Ouster, Inc. is the larger business by last-quarter revenue ($62.2M vs $33.9M, roughly 1.8× Spok Holdings, Inc). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs -0.1%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs -1.5%).
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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
OUST vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.2M | $33.9M |
| Net Profit | — | $2.9M |
| Gross Margin | 60.2% | 76.7% |
| Operating Margin | 1.5% | 11.6% |
| Net Margin | — | 8.7% |
| Revenue YoY | 106.6% | -0.1% |
| Net Profit YoY | — | -19.6% |
| EPS (diluted) | $0.10 | $0.13 |
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 | $33.9M | ||
| Q3 25 | $39.5M | $33.9M | ||
| Q2 25 | $35.0M | $35.7M | ||
| Q1 25 | $32.6M | $36.3M | ||
| Q4 24 | $30.1M | $33.9M | ||
| Q3 24 | $28.1M | $34.9M | ||
| Q2 24 | $27.0M | $34.0M | ||
| Q1 24 | $25.9M | $34.9M |
| Q4 25 | — | $2.9M | ||
| Q3 25 | $-21.7M | $3.2M | ||
| Q2 25 | $-20.6M | $4.6M | ||
| Q1 25 | $-22.0M | $5.2M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | $-25.6M | $3.7M | ||
| Q2 24 | $-23.9M | $3.4M | ||
| Q1 24 | $-23.8M | $4.2M |
| Q4 25 | 60.2% | 76.7% | ||
| Q3 25 | 42.1% | 78.3% | ||
| Q2 25 | 45.2% | 79.5% | ||
| Q1 25 | 41.3% | 80.1% | ||
| Q4 24 | 43.8% | 78.5% | ||
| Q3 24 | 38.3% | 79.5% | ||
| Q2 24 | 33.7% | 78.9% | ||
| Q1 24 | 28.6% | 79.5% |
| Q4 25 | 1.5% | 11.6% | ||
| Q3 25 | -61.4% | 12.9% | ||
| Q2 25 | -76.5% | 15.1% | ||
| Q1 25 | -73.0% | 16.6% | ||
| Q4 24 | -85.1% | 13.7% | ||
| Q3 24 | -98.0% | 14.2% | ||
| Q2 24 | -93.6% | 13.2% | ||
| Q1 24 | -99.5% | 14.0% |
| Q4 25 | — | 8.7% | ||
| Q3 25 | -55.0% | 9.5% | ||
| Q2 25 | -58.8% | 12.8% | ||
| Q1 25 | -67.5% | 14.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | -91.1% | 10.5% | ||
| Q2 24 | -88.4% | 10.1% | ||
| Q1 24 | -91.9% | 12.1% |
| Q4 25 | $0.10 | $0.13 | ||
| Q3 25 | $-0.37 | $0.15 | ||
| Q2 25 | $-0.38 | $0.22 | ||
| Q1 25 | $-0.42 | $0.25 | ||
| Q4 24 | $-0.46 | $0.17 | ||
| Q3 24 | $-0.54 | $0.18 | ||
| Q2 24 | $-0.53 | $0.17 | ||
| Q1 24 | $-0.55 | $0.21 |
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 | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $261.7M | $146.4M |
| Total Assets | $349.5M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $208.6M | $25.3M | ||
| Q3 25 | $244.5M | $21.4M | ||
| Q2 25 | $226.5M | $20.2M | ||
| Q1 25 | $168.2M | $19.9M | ||
| Q4 24 | $172.0M | $29.1M | ||
| Q3 24 | $151.4M | $27.8M | ||
| Q2 24 | $184.2M | $23.9M | ||
| Q1 24 | $187.8M | $23.3M |
| Q4 25 | $261.7M | $146.4M | ||
| Q3 25 | $247.4M | $148.7M | ||
| Q2 25 | $221.0M | $150.9M | ||
| Q1 25 | $167.9M | $151.7M | ||
| Q4 24 | $180.9M | $154.7M | ||
| Q3 24 | $171.7M | $156.3M | ||
| Q2 24 | $170.6M | $158.2M | ||
| Q1 24 | $167.2M | $160.2M |
| Q4 25 | $349.5M | $206.1M | ||
| Q3 25 | $353.8M | $209.7M | ||
| Q2 25 | $321.8M | $208.7M | ||
| Q1 25 | $268.6M | $204.5M | ||
| Q4 24 | $276.1M | $217.1M | ||
| Q3 24 | $255.2M | $216.8M | ||
| Q2 24 | $309.9M | $216.4M | ||
| Q1 24 | $317.7M | $215.0M |
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 | $11.5M |
| Free Cash FlowOCF − Capex | $-37.2M | $10.1M |
| FCF MarginFCF / Revenue | -59.8% | 29.9% |
| Capex IntensityCapex / Revenue | 35.0% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-64.8M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.4M | $11.5M | ||
| Q3 25 | $-18.3M | $8.1M | ||
| Q2 25 | $-1.3M | $7.0M | ||
| Q1 25 | $-4.9M | $2.3M | ||
| Q4 24 | $-2.6M | $8.4M | ||
| Q3 24 | $-3.8M | $11.1M | ||
| Q2 24 | $-21.6M | $7.4M | ||
| Q1 24 | $-5.7M | $2.0M |
| Q4 25 | $-37.2M | $10.1M | ||
| Q3 25 | $-20.0M | $7.6M | ||
| Q2 25 | $-2.2M | $6.0M | ||
| Q1 25 | $-5.4M | $1.5M | ||
| Q4 24 | $-4.0M | $7.5M | ||
| Q3 24 | $-4.3M | $10.3M | ||
| Q2 24 | $-22.0M | $6.8M | ||
| Q1 24 | $-7.1M | $1.1M |
| Q4 25 | -59.8% | 29.9% | ||
| Q3 25 | -50.7% | 22.4% | ||
| Q2 25 | -6.3% | 16.8% | ||
| Q1 25 | -16.6% | 4.2% | ||
| Q4 24 | -13.3% | 22.3% | ||
| Q3 24 | -15.4% | 29.4% | ||
| Q2 24 | -81.5% | 20.0% | ||
| Q1 24 | -27.4% | 3.2% |
| Q4 25 | 35.0% | 4.1% | ||
| Q3 25 | 4.3% | 1.6% | ||
| Q2 25 | 2.5% | 2.9% | ||
| Q1 25 | 1.7% | 2.1% | ||
| Q4 24 | 4.8% | 2.5% | ||
| Q3 24 | 2.0% | 2.4% | ||
| Q2 24 | 1.3% | 1.9% | ||
| Q1 24 | 5.3% | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | — | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OUST
Segment breakdown not available.
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
