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Side-by-side financial comparison of Ouster, Inc. (OUST) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
Ouster, Inc. is the larger business by last-quarter revenue ($62.2M vs $51.6M, roughly 1.2× Velocity Financial, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 32.8%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs 32.3%).
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.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
OUST vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.2M | $51.6M |
| Net Profit | — | $34.8M |
| Gross Margin | 60.2% | — |
| Operating Margin | 1.5% | 97.0% |
| Net Margin | — | 67.3% |
| Revenue YoY | 106.6% | 32.8% |
| Net Profit YoY | — | 67.0% |
| EPS (diluted) | $0.10 | $0.90 |
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 | $51.6M | ||
| Q3 25 | $39.5M | $49.1M | ||
| Q2 25 | $35.0M | $47.6M | ||
| Q1 25 | $32.6M | $37.5M | ||
| Q4 24 | $30.1M | $38.9M | ||
| Q3 24 | $28.1M | $35.1M | ||
| Q2 24 | $27.0M | $32.4M | ||
| Q1 24 | $25.9M | $29.5M |
| Q4 25 | — | $34.8M | ||
| Q3 25 | $-21.7M | $25.4M | ||
| Q2 25 | $-20.6M | $26.0M | ||
| Q1 25 | $-22.0M | $18.9M | ||
| Q4 24 | — | $20.8M | ||
| Q3 24 | $-25.6M | $15.8M | ||
| Q2 24 | $-23.9M | $14.8M | ||
| Q1 24 | $-23.8M | $17.3M |
| 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% | 97.0% | ||
| Q3 25 | -61.4% | 72.1% | ||
| Q2 25 | -76.5% | 71.3% | ||
| Q1 25 | -73.0% | 71.7% | ||
| Q4 24 | -85.1% | 82.5% | ||
| Q3 24 | -98.0% | 60.6% | ||
| Q2 24 | -93.6% | 61.3% | ||
| Q1 24 | -99.5% | 78.8% |
| Q4 25 | — | 67.3% | ||
| Q3 25 | -55.0% | 51.7% | ||
| Q2 25 | -58.8% | 54.6% | ||
| Q1 25 | -67.5% | 50.4% | ||
| Q4 24 | — | 53.5% | ||
| Q3 24 | -91.1% | 45.1% | ||
| Q2 24 | -88.4% | 45.6% | ||
| Q1 24 | -91.9% | 58.5% |
| Q4 25 | $0.10 | $0.90 | ||
| Q3 25 | $-0.37 | $0.65 | ||
| Q2 25 | $-0.38 | $0.69 | ||
| Q1 25 | $-0.42 | $0.51 | ||
| Q4 24 | $-0.46 | $0.56 | ||
| Q3 24 | $-0.54 | $0.44 | ||
| Q2 24 | $-0.53 | $0.42 | ||
| Q1 24 | $-0.55 | $0.49 |
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 | $92.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $261.7M | $672.5M |
| Total Assets | $349.5M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $208.6M | $92.1M | ||
| Q3 25 | $244.5M | $99.0M | ||
| Q2 25 | $226.5M | $79.6M | ||
| Q1 25 | $168.2M | $51.7M | ||
| Q4 24 | $172.0M | $49.9M | ||
| Q3 24 | $151.4M | $44.1M | ||
| Q2 24 | $184.2M | $47.4M | ||
| Q1 24 | $187.8M | $34.8M |
| Q4 25 | $261.7M | $672.5M | ||
| Q3 25 | $247.4M | $634.3M | ||
| Q2 25 | $221.0M | $597.9M | ||
| Q1 25 | $167.9M | $563.2M | ||
| Q4 24 | $180.9M | $516.9M | ||
| Q3 24 | $171.7M | $484.6M | ||
| Q2 24 | $170.6M | $471.3M | ||
| Q1 24 | $167.2M | $452.9M |
| Q4 25 | $349.5M | $7.4B | ||
| Q3 25 | $353.8M | $7.0B | ||
| Q2 25 | $321.8M | $6.5B | ||
| Q1 25 | $268.6M | $6.0B | ||
| Q4 24 | $276.1M | $5.5B | ||
| Q3 24 | $255.2M | $5.2B | ||
| Q2 24 | $309.9M | $4.9B | ||
| Q1 24 | $317.7M | $4.6B |
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 | $18.2M |
| Free Cash FlowOCF − Capex | $-37.2M | $17.9M |
| FCF MarginFCF / Revenue | -59.8% | 34.6% |
| Capex IntensityCapex / Revenue | 35.0% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-64.8M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.4M | $18.2M | ||
| Q3 25 | $-18.3M | $11.5M | ||
| Q2 25 | $-1.3M | $7.7M | ||
| Q1 25 | $-4.9M | $3.5M | ||
| Q4 24 | $-2.6M | $37.8M | ||
| Q3 24 | $-3.8M | $-17.6M | ||
| Q2 24 | $-21.6M | $11.5M | ||
| Q1 24 | $-5.7M | $10.6M |
| Q4 25 | $-37.2M | $17.9M | ||
| Q3 25 | $-20.0M | $11.4M | ||
| Q2 25 | $-2.2M | $7.6M | ||
| Q1 25 | $-5.4M | $3.5M | ||
| Q4 24 | $-4.0M | $37.5M | ||
| Q3 24 | $-4.3M | $-17.6M | ||
| Q2 24 | $-22.0M | $11.4M | ||
| Q1 24 | $-7.1M | $10.5M |
| Q4 25 | -59.8% | 34.6% | ||
| Q3 25 | -50.7% | 23.2% | ||
| Q2 25 | -6.3% | 15.9% | ||
| Q1 25 | -16.6% | 9.2% | ||
| Q4 24 | -13.3% | 96.4% | ||
| Q3 24 | -15.4% | -50.3% | ||
| Q2 24 | -81.5% | 35.1% | ||
| Q1 24 | -27.4% | 35.8% |
| Q4 25 | 35.0% | 0.5% | ||
| Q3 25 | 4.3% | 0.1% | ||
| Q2 25 | 2.5% | 0.2% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 4.8% | 0.7% | ||
| Q3 24 | 2.0% | 0.2% | ||
| Q2 24 | 1.3% | 0.3% | ||
| Q1 24 | 5.3% | 0.1% |
| Q4 25 | — | 0.52× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | -1.11× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OUST
Segment breakdown not available.
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
