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Side-by-side financial comparison of Ouster, Inc. (OUST) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
Ouster, Inc. is the larger business by last-quarter revenue ($48.6M vs $26.9M, roughly 1.8× WEST BANCORPORATION INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs 8.2%, a 31.0% gap on every dollar of revenue. On growth, Ouster, Inc. posted the faster year-over-year revenue change (48.9% vs 16.6%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (34.2% CAGR vs 17.3%).
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.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
OUST vs WTBA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $48.6M | $26.9M |
| Net Profit | $4.0M | $10.6M |
| Gross Margin | 42.9% | — |
| Operating Margin | 17.6% | 50.0% |
| Net Margin | 8.2% | 39.2% |
| Revenue YoY | 48.9% | 16.6% |
| Net Profit YoY | — | 34.8% |
| EPS (diluted) | $0.06 | $0.61 |
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.
| Q1 26 | $48.6M | $26.9M | ||
| Q4 25 | $62.2M | $24.2M | ||
| Q3 25 | $39.5M | $25.0M | ||
| Q2 25 | $35.0M | $23.8M | ||
| Q1 25 | $32.6M | $23.1M | ||
| Q4 24 | $30.1M | $20.9M | ||
| Q3 24 | $28.1M | $20.3M | ||
| Q2 24 | $27.0M | $19.6M |
| Q1 26 | $4.0M | $10.6M | ||
| Q4 25 | — | $7.4M | ||
| Q3 25 | $-21.7M | $9.3M | ||
| Q2 25 | $-20.6M | $8.0M | ||
| Q1 25 | $-22.0M | $7.8M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | $-25.6M | $6.0M | ||
| Q2 24 | $-23.9M | $5.2M |
| Q1 26 | 42.9% | — | ||
| 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 26 | 17.6% | 50.0% | ||
| Q4 25 | 1.5% | 39.6% | ||
| Q3 25 | -61.4% | 45.8% | ||
| Q2 25 | -76.5% | 43.4% | ||
| Q1 25 | -73.0% | 43.4% | ||
| Q4 24 | -85.1% | 30.9% | ||
| Q3 24 | -98.0% | 36.6% | ||
| Q2 24 | -93.6% | 32.6% |
| Q1 26 | 8.2% | 39.2% | ||
| Q4 25 | — | 30.7% | ||
| Q3 25 | -55.0% | 37.3% | ||
| Q2 25 | -58.8% | 33.5% | ||
| Q1 25 | -67.5% | 34.0% | ||
| Q4 24 | — | 34.0% | ||
| Q3 24 | -91.1% | 29.3% | ||
| Q2 24 | -88.4% | 26.5% |
| Q1 26 | $0.06 | $0.61 | ||
| Q4 25 | $0.10 | $0.44 | ||
| Q3 25 | $-0.37 | $0.55 | ||
| Q2 25 | $-0.38 | $0.47 | ||
| Q1 25 | $-0.42 | $0.46 | ||
| Q4 24 | $-0.46 | $0.41 | ||
| Q3 24 | $-0.54 | $0.35 | ||
| Q2 24 | $-0.53 | $0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $173.1M | $362.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $275.6M | $270.7M |
| Total Assets | $381.5M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $173.1M | $362.0M | ||
| Q4 25 | $208.6M | $471.1M | ||
| Q3 25 | $244.5M | $232.9M | ||
| Q2 25 | $226.5M | $345.2M | ||
| Q1 25 | $168.2M | — | ||
| Q4 24 | $172.0M | $243.5M | ||
| Q3 24 | $151.4M | — | ||
| Q2 24 | $184.2M | — |
| Q1 26 | $275.6M | $270.7M | ||
| Q4 25 | $261.7M | $266.0M | ||
| Q3 25 | $247.4M | $255.1M | ||
| Q2 25 | $221.0M | $240.9M | ||
| Q1 25 | $167.9M | $237.9M | ||
| Q4 24 | $180.9M | $227.9M | ||
| Q3 24 | $171.7M | $235.4M | ||
| Q2 24 | $170.6M | $223.9M |
| Q1 26 | $381.5M | $4.0B | ||
| Q4 25 | $349.5M | $4.1B | ||
| Q3 25 | $353.8M | $4.0B | ||
| Q2 25 | $321.8M | $4.1B | ||
| Q1 25 | $268.6M | $4.0B | ||
| Q4 24 | $276.1M | $4.0B | ||
| Q3 24 | $255.2M | $4.0B | ||
| Q2 24 | $309.9M | $4.0B |
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 | — | $12.9M |
| Free Cash FlowOCF − Capex | — | $12.4M |
| FCF MarginFCF / Revenue | — | 46.0% |
| Capex IntensityCapex / Revenue | — | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $-15.4M | $46.5M | ||
| Q3 25 | $-18.3M | $11.4M | ||
| Q2 25 | $-1.3M | $13.5M | ||
| Q1 25 | $-4.9M | $9.7M | ||
| Q4 24 | $-2.6M | $39.8M | ||
| Q3 24 | $-3.8M | $12.9M | ||
| Q2 24 | $-21.6M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $-37.2M | $43.2M | ||
| Q3 25 | $-20.0M | $10.8M | ||
| Q2 25 | $-2.2M | $12.8M | ||
| Q1 25 | $-5.4M | $8.3M | ||
| Q4 24 | $-4.0M | $13.7M | ||
| Q3 24 | $-4.3M | $7.0M | ||
| Q2 24 | $-22.0M | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | -59.8% | 178.3% | ||
| Q3 25 | -50.7% | 43.0% | ||
| Q2 25 | -6.3% | 53.6% | ||
| Q1 25 | -16.6% | 35.7% | ||
| Q4 24 | -13.3% | 65.6% | ||
| Q3 24 | -15.4% | 34.2% | ||
| Q2 24 | -81.5% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 35.0% | 13.7% | ||
| Q3 25 | 4.3% | 2.6% | ||
| Q2 25 | 2.5% | 3.2% | ||
| Q1 25 | 1.7% | 6.5% | ||
| Q4 24 | 4.8% | 125.3% | ||
| Q3 24 | 2.0% | 29.4% | ||
| Q2 24 | 1.3% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | — | 6.26× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.70× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 5.61× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OUST
| Product revenue | $48.2M | 99% |
| Royalties | $347.0K | 1% |
WTBA
Segment breakdown not available.
