Ouster, Inc.
OUST Technology Electronic Components
Ouster, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $169.4 million, up 52.5% from fiscal 2024. In the quarter to June 2026, revenue grew 55.9%, EPS grew 29.0% and free cash flow fell 600.9%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.
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Ouster, Inc. (OUST) Altman Z-score
Ouster, Inc.'s Altman Z-score for fiscal 2025 is 4.93, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 4.93 | 6.20 |
| FY2024 | −1.27 | 3.87 |
| FY2023 | −5.14 | (2.72) |
| FY2022 | −2.42 | (3.60) |
| FY2022 | 1.19 | (6.08) |
| FY2021 | 7.27 | (13.12) |
| FY2021 | 20.39 | 28.79 |
| FY2020 | −8.40 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.59 | — | 0.71 | |
| Retained earnings / total assets | (2.79) | — | −3.90 | |
| EBIT / total assets | (0.21) | — | −0.70 | |
| Market value of equity / total liabilities | 13.89 | — | 8.33 | |
| Sales / total assets | 0.48 | — | 0.48 | |
| Altman Z-score | Safe zone | 4.93 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −3.47 | ||
Z and Z″ put Ouster, Inc. in different zones: safe zone by Z, distress zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CTS CTS Corporation compare | 6.2× |
| ROG Rogers Corporation compare | 6.1× |
| OUST Ouster, Inc. | 4.9× |
| BELFB Bel Fuse Inc. compare | 4.6× |
| BELFA Bel Fuse Inc. compare | 4.3× |
| KN Knowles Corporation compare | 4.3× |
| ALNT Allient Inc. compare | 4.0× |
| OSIS OSI Systems, Inc. compare | 3.3× |
| BHE Benchmark Electronics, Inc. compare | 3.2× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets