← Ouster, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
| Net Income From Continuing Operations | — | — | ($94.0m) | ($138.6m) | ($374.1m) | ($97.0m) | ($60.4m) | ($53.3m) | |
| Net loss | ($51.7m) | ($2.7m) | ($94.0m) | ($138.6m) | ($374.1m) | ($97.0m) | ($60.4m) | — | |
| Depreciation, Depletion and Amortization | $2.0m | $3.7m | $5.5m | $9.5m | $17.1m | $9.8m | $7.8m | $14.3m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | $250k | $160k | $190k | $0 | — | — | |
| Amortization of Intangible Assets | — | — | $700k | $4.5m | $6.7m | $6.6m | $4.5m | — | |
| Depreciation | $2.0m | $3.7m | $4.7m | $5.0m | $10.4m | $3.2m | $3.3m | $14.3m | |
| Amortization of right-of-use asset | $1.3m | $1.9m | $2.2m | $2.7m | $4.5m | $4.9m | $5.1m | — | |
| Accretion or amortization on short-term investments | — | — | — | $0 | ($4.7m) | ($5.1m) | ($3.2m) | — | |
| Amortization Of Securities | — | — | — | $0 | ($4.7m) | ($5.1m) | ($3.2m) | ($2.9m) | |
| Depreciation Amortization Depletion | — | — | — | $12.2m | $21.7m | $14.7m | $12.9m | $14.3m | |
| Deferred Income Tax Expense (Benefit) | — | — | ($2.8m) | $0 | $29k | $189k | $265k | $0 | |
| Deferred Income Tax | — | — | ($2.5m) | $0 | — | — | — | $0 | |
| Deferred Tax | — | — | ($2.5m) | $0 | — | — | — | $0 | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $25.4m | $33.3m | $57.7m | $40.5m | $40.8m | $38.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $59k | $0 | — | — | — | |
| Share-based Payment Arrangement, Expense | — | — | $25.4m | $33.3m | $57.7m | $40.5m | $40.8m | $38.0m | |
| Stock-based compensation | $1.2m | $12.1m | $25.4m | $33.3m | $57.7m | $40.5m | $40.8m | $38.0m | |
| Goodwill, Impairment Loss | — | — | — | — | $166.7m | $0 | — | ($890k) | |
| Asset Impairment Charge | — | — | — | $1.6m | $176.7m | $2.1m | ($373k) | ($890k) | |
| Other Nonoperating Income (Expense) | — | — | $3.0m | $7.7m | ($130k) | $646k | $1.2m | — | |
| Nonoperating Income (Expense) | — | — | $2.9m | $7.2m | ($395k) | $7.7m | $10.7m | — | |
| Changes in operating assets and liabilities: | |||||||||
| Change In Working Capital | — | — | — | ($13.5m) | ($21.5m) | $11.5m | ($32.1m) | ($51.7m) | |
| Increase (Decrease) in Accounts Receivable | — | — | $8.0m | $856k | ($3.6m) | $1.7m | $8.0m | ($3.8m) | |
| Accounts receivable | ($594k) | ($1.5m) | ($8.0m) | ($856k) | $3.6m | ($1.7m) | ($8.0m) | ($3.8m) | |
| Change In Receivables | — | — | — | ($856k) | $3.6m | ($1.7m) | ($8.0m) | ($3.8m) | |
| Changes In Account Receivables | — | — | — | ($856k) | $3.6m | ($1.7m) | ($8.0m) | ($3.8m) | |
| Increase (Decrease) in Inventories | — | — | $3.4m | $13.7m | $4.0m | ($4.7m) | $6.8m | ($14.5m) | |
| Inventory Write-down | $4.8m | $797k | $808k | $1.6m | $10.0m | $2.1m | ($373k) | — | |
| Inventory | ($5.4m) | ($3.1m) | ($3.4m) | ($13.7m) | ($4.0m) | $4.7m | ($6.8m) | ($14.5m) | |
| Increase (Decrease) in Accounts Payable | $2.1m | $144k | ($2.4m) | $4.2m | ($8.5m) | $2.5m | $13.2m | $7.6m | |
| Property and equipment purchases included in accounts payable and accrued liabilities | $825k | $232k | $377k | $269k | $524k | $480k | $1.2m | — | |
| Change In Payables And Accrued Expense | — | — | — | $7.4m | ($439k) | ($25.6m) | $7.3m | $7.6m | |
| Accrued and other liabilities | $2.6m | ($417k) | $9.1m | $3.2m | $8.1m | ($28.1m) | ($5.9m) | — | |
| Change In Accrued Expense | — | — | — | $3.2m | $8.1m | ($28.1m) | ($5.9m) | ($9.8m) | |
| Prepaid expenses and other assets | ($538k) | ($1.4m) | $350k | ($3.1m) | ($21.6m) | $21.3m | ($3.6m) | — | |
| Change In Other Current Liabilities | — | — | — | ($3.2m) | ($5.6m) | ($6.3m) | ($6.7m) | ($5.3m) | |
| Net Cash Provided by (Used in) Operating Activities | ($40.2m) |
($730k)
+98.18%
|
($71.1m)
-9640.90%
|
($110.7m)
-55.77%
|
($137.9m)
-24.57%
|
($33.7m)
+75.56%
|
($40.0m)
-18.58%
|
($53.8m)
-34.67%
|
|
| Cash flows from investing activities: | |||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $555k | $0 | $0 | ($430k) | $59k | $668k | $0 | $3.6m | |
| Payments to Acquire Property, Plant, and Equipment | ($7.5m) | ($3.5m) | $4.3m | $5.4m | $3.0m | $3.8m | $24.9m | ($28.7m) | |
| Purchase of short-term investments | — | — | — | $0 | ($137.1m) | ($144.6m) | ($149.6m) | — | |
| Gain (Loss) on Sale of Investments | — | — | — | — | — | $275k | $12k | — | |
| Realized gain on sale of investments | — | — | — | — | $0 | ($275k) | ($12k) | — | |
| Proceeds from sales and maturities of short-term investments | — | — | — | $0 | $158.0m | $162.3m | $138.3m | — | |
| Cash, Cash Equivalents, and Short-term Investments | — | — | — | — | $191.8m | $174.6m | $211.2m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $10.9m | $0 | — | — | — | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($7.5m) | ($200.0m) | ($15.2m) | ($5.1m) | $50.6m | $14.7m | ($36.3m) | ($72.4m) | |
| Cash flows from financing activities: | |||||||||
| Repayments of borrowings | — | — | — | $0 | ($44.0m) | ($44.0m) | $0 | — | |
| Issuance Of Debt | — | — | $5.0m | $39.1m | $44.0m | $0 | — | $0 | |
| Long Term Debt Issuance | — | — | $5.0m | $39.1m | $44.0m | $0 | — | $0 | |
| Net Issuance Payments Of Debt | — | — | — | $39.1m | $0 | ($44.0m) | $0 | $0 | |
| Net Long Term Debt Issuance | — | — | — | $39.1m | $0 | ($44.0m) | $0 | $0 | |
| Long Term Debt Payments | — | — | — | $0 | ($44.0m) | ($44.0m) | $0 | $0 | |
| Repayment Of Debt | — | — | — | $0 | ($44.0m) | ($44.0m) | $0 | $0 | |
| Issuance Of Capital Stock | — | — | — | $16.3m | $14.6m | $57.8m | $95.6m | $134.8m | |
| Repurchase Of Capital Stock | — | — | ($45k) | ($45k) | $0 | — | — | — | |
| Proceeds from the issuance of common stock under at-the-market offering, net of commissions and fees | — | $0 | $0 | $16.3m | $14.6m | $57.8m | $95.6m | — | |
| At-the-market offering costs for the issuance of common stock | — | ($573k) | $0 | ($541k) | ($363k) | ($346k) | ($421k) | — | |
| Common Stock Issuance | — | — | — | $16.3m | $14.6m | $57.8m | $95.6m | $134.8m | |
| Payments for Repurchase of Common Stock | — | — | $45k | $45k | $0 | — | — | — | |
| Common Stock Payments | — | — | ($45k) | ($45k) | $0 | — | — | — | |
| Net Other Financing Charges | — | — | — | ($600k) | ($363k) | ($346k) | ($11k) | $1.3m | |
| Net Cash Provided by (Used in) Financing Activities | $50.5m |
$201.4m
+298.83%
|
$258.3m
+28.24%
|
$55.6m
-78.47%
|
$15.7m
-71.84%
|
$15.4m
-1.69%
|
$97.6m
+534.12%
|
$140.7m
+44.15%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | $2.8m | ($5.8m) | $172.0m | ($60.4m) | ($71.6m) | ($4.5m) | $21.9m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $172.0m | ($60.4m) | ($71.6m) | ($4.5m) | $21.9m | $93.2m | |
| Beginning Cash Position | — | — | — | $184.7m | $124.3m | $52.6m | $48.1m | $78.7m | |
| Cash, cash equivalents and restricted cash at beginning of year | $18.4m | $12.6m | $184.7m | $124.3m | $52.6m | $48.1m | $70.0m | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | ($143k) | ($12k) | ($887k) | $478k | ($2k) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $184.7m | $124.3m | $52.6m | $48.1m | $70.0m | $93.2m | |
| Effect of exchange rates on cash and cash equivalents | — | $0 | $0 | ($143k) | ($12k) | ($887k) | $478k | — | |
| Effect Of Exchange Rate Changes | — | — | — | ($143k) | ($12k) | ($886k) | $478k | ($2k) | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Income Tax Expense (Benefit) | — | — | ($2.8m) | $305k | $523k | $537k | ($2.9m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | $1.8m | $0 | — | |
| Operating lease liability | $375k | ($971k) | ($1.7m) | ($3.2m) | ($5.6m) | ($6.3m) | ($6.7m) | — | |
| Right-of-use assets obtained in exchange for operating lease liabilities | $3.9m | $6.4m | $6.3m | $571k | — | $0 | $6.9m | — | |
| Additional Financial Items | |||||||||
| Gain (Loss) on Termination of Lease | — | — | — | — | $807k | $0 | $0 | — | |
| General and Administrative Expense | — | — | $52.0m | $61.2m | $82.0m | $58.7m | $64.6m | — | |
| Goodwill | — | — | $51.1m | $51.2m | $0 | — | — | ($890k) | |
| Investment Income, Interest | — | — | $471k | $2.2m | $9.0m | $8.8m | $9.5m | — | |
| Operating Expenses | — | — | $108.8m | $156.4m | $381.5m | $144.6m | $157.4m | — | |
| Proceeds from Stock Options Exercised | — | — | $526k | $470k | $271k | $205k | $83k | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | $0 | $0 | — | — | — | — | |
| Reduction of revenue related to stock warrant issued to customer | — | — | — | $0 | $528k | $892k | $2.6m | — | |
| Non-cash interest income | — | — | — | $0 | ($732k) | ($619k) | ($214k) | — | |
| Change in fair value of warrant liabilities | $6k | $48.4m | ($2.9m) | ($7.4m) | $49k | ($103k) | ($126k) | — | |
| Provision (recovery of) for doubtful accounts | $169k | $67k | $379k | $346k | $1.3m | ($587k) | ($8k) | — | |
| Contract liabilities | — | — | — | $0 | $6.6m | $19.0m | ($14.3m) | — | |
| Proceeds from exercise of stock options | $7k | $1.3m | $526k | $470k | $271k | $205k | $83k | — | |
| Proceeds from ESPP purchase | — | $0 | $0 | $378k | $1.2m | $1.7m | $2.0m | — | |
| Payments received (remitted) to fund employees tax obligation for vested RSUs | — | — | — | — | — | $0 | $410k | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | $55.6m | $15.7m | $15.4m | $97.6m | $140.7m | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($5.1m) | $50.6m | $14.7m | ($36.3m) | ($72.4m) | |
| Change In Account Payable | — | — | — | $4.2m | ($8.5m) | $2.5m | $13.2m | $7.6m | |
| Change In Other Working Capital | — | — | — | — | $6.6m | $19.0m | ($14.3m) | ($16.1m) | |
| Change In Payable | — | — | — | $4.2m | ($8.5m) | $2.5m | $13.2m | $7.6m | |
| Change In Prepaid Assets | — | — | — | ($3.1m) | ($21.6m) | $21.3m | ($3.6m) | ($9.8m) | |
| Changes In Cash | — | — | — | ($60.2m) | ($71.6m) | ($3.6m) | $21.4m | $14.5m | |
| End Cash Position | — | — | — | $124.3m | $52.6m | $48.1m | $70.0m | $93.2m | |
| Financing Cash Flow | — | — | — | $55.6m |
$15.7m
-71.84%
|
$15.4m
-1.69%
|
$97.6m
+534.12%
|
$140.7m
+44.15%
|
|
| Free Cash Flow | — | — | — | ($116.1m) | ($140.9m) | ($37.5m) | ($64.8m) | ($82.5m) | |
| Gain Loss On Investment Securities | — | — | — | ($7.4m) | $577k | $514k | $2.5m | $3.6m | |
| Gain Loss On Sale Of PPE | — | — | — | $430k | $1.7m | $401k | $113k | $28k | |
| Investing Cash Flow | — | — | — | ($5.1m) | $50.6m | $14.7m | ($36.3m) | ($72.4m) | |
| Net Business Purchase And Sale | — | — | ($10.9m) | $0 | $32.1m | $0 | — | $0 | |
| Net PPE Purchase And Sale | — | — | — | ($5.1m) | ($2.4m) | ($3.1m) | ($24.9m) | ($28.7m) | |
| Net Preferred Stock Issuance | — | — | $0 | $0 | — | — | — | $0 | |
| Operating Gains Losses | — | — | — | ($7.0m) | $2.2m | $915k | $2.6m | $3.6m | |
| Other Non Cash Items | — | — | — | $959k | $2.7m | ($619k) | ($214k) | — | |
| Proceeds From Stock Option Exercised | — | — | — | $848k | $1.4m | $1.9m | $2.0m | $4.7m | |
| Provisionand Write Offof Assets | — | — | — | $346k | $1.3m | ($587k) | ($8k) | ($231k) | |
| Purchase Of Business | — | — | ($10.9m) | $0 | — | — | — | $0 | |
| Purchase Of PPE | — | — | — | ($5.4m) | ($3.0m) | ($3.8m) | ($24.9m) | ($28.7m) | |
| Sale Of Business | — | — | — | $0 | $32.1m | $0 | — | $0 | |
| Sale Of PPE | — | — | — | $275k | $560k | $668k | $0 | $166k | |
| Net Investment Purchase And Sale | — | — | — | $0 | $20.9m | $17.7m | ($11.4m) | ($16.2m) | |
| Purchase Of Investment | — | — | — | $0 | ($137.1m) | ($144.6m) | ($149.6m) | ($192.2m) | |
| Sale Of Investment | — | — | — | $0 | $158.0m | $162.3m | $138.3m | $176.0m | |
| Supplemental disclosure of cash flow information: | |||||||||
| Change In Cash Supplemental As Reported | — | — | — | ($60.4m) | ($71.6m) | ($4.5m) | $21.9m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $792k | $1.2m | $635k | $1.7m | $5.1m | $2.1m | $0 | — | |
| Income Taxes Paid, Net | — | — | — | — | — | — | ($685k) | — |