The company has successfully reduced total debt to $17.4 million as of 2026Q1, though the balance sheet remains burdened by a $990.9 million accumulated deficit.
| Total Current Assets | 251.01M | 278.89M | 219.85M | 263.16M | 162.5M | 207.36M | 21.22M | 21.5M | 17.29M |
| Cash & Short-Term Investments | 173.12M | 208.59M | 172.02M | 190.15M | 122.93M | 183.62M | 11.64M | 16.85M | 13.44M |
| Cash Only | 78.72M | 67.41M | 45.54M | 50.99M | 122.93M | 183.62M | 11.64M | 16.85M | 13.44M |
| Short-Term Investments | 94.4M | 141.17M | 126.48M | 139.16M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 31.43M | 35.18M | 22.82M | 39.98M | 13.76M | 12.85M | 3.85M | 937K | 502K |
| Days Sales Outstanding | 57.48 | 75.81 | 74.98 | 175.23 | 122.4 | 139.64 | 74.3 | 29.97 | 136.23 |
| Inventory | 29.88M | 23.57M | 16.42M | 23.23M | 19.53M | 7.45M | 4.82M | 2.47M | 1.79M |
| Days Inventory Outstanding | 80.94 | 100.08 | 84.83 | 115.21 | 236.87 | 111 | 101.1 | 51.69 | 184.92 |
| Other Current Assets | 16.58M | 11.56M | 1.99M | 3.77M | 2.33M | 118K | 20K | 276K | 275K |
| Total Non-Current Assets | 130.5M | 70.63M | 56.3M | 67.59M | 93.64M | 100.34M | 25.19M | 18.36M | 9.5M |
| Property, Plant & Equipment | 47.69M | 45.34M | 24.47M | 28.79M | 22.69M | 25.21M | 20.8M | 17.08M | 7.63M |
| Fixed Asset Turnover | 5.28x | 3.74x | 4.54x | 2.89x | 1.81x | 1.33x | 0.91x | 0.67x | 0.18x |
| Goodwill | 38.52M | 0 | 0 | 0 | 51.15M | 51.08M | 0 | 0 | 0 |
| Intangible Assets | 35.01M | 13.32M | 17.83M | 24.44M | 18.16M | 22.65M | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 1.09M | 1.03M | 1M | 0 | 0 |
| Other Non-Current Assets | 9.28M | 11.97M | 13.99M | 14.36M | 541K | 371K | 3.38M | 1.28M | 1.87M |
| Total Assets | 381.51M | 349.52M | 276.15M | 330.74M | 256.14M | 307.7M | 46.41M | 39.86M | 26.79M |
| Asset Turnover | 0.53x | 0.48x | 0.40x | 0.25x | 0.16x | 0.11x | 0.41x | 0.29x | 0.05x |
| Asset Growth % | 111.09% | 26.57% | -16.51% | 29.13% | -16.76% | 562.95% | 16.45% | 48.8% | - |
| Total Current Liabilities | 84.32M | 71.03M | 78.43M | 81.69M | 29.49M | 22.1M | 20.92M | 40.37M | 3.39M |
| Accounts Payable | 17.4M | 19.98M | 6.29M | 3.54M | 8.8M | 4.86M | 6.89M | 3.3M | 1.08M |
| Days Payables Outstanding | 64.28 | 84.87 | 32.49 | 17.58 | 106.69 | 72.47 | 144.69 | 69.07 | 111.12 |
| Short-Term Debt | 4.56M | 4.14M | 0 | 0 | 0 | 3.07M | 9.9M | 29.42M | 0 |
| Deferred Revenue (Current) | 72.83M | 0 | 38.72M | 25.86M | 11.13M | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 62.35M | 46.91M | 15.52M | 14.1M | 5.94M | 10.94M | 2.5M | 4.57M | 2.05M |
| Current Ratio | 2.98x | 3.93x | 2.80x | 3.22x | 5.51x | 9.38x | 1.01x | 0.53x | 5.09x |
| Quick Ratio | 2.62x | 3.59x | 2.59x | 2.94x | 4.85x | 9.04x | 0.78x | 0.47x | 4.57x |
| Cash Conversion Cycle | 74.14 | 91.02 | 127.32 | 272.86 | 252.58 | 178.16 | 30.71 | 12.58 | 210.03 |
| Total Non-Current Liabilities | 21.57M | 16.75M | 16.81M | 69.38M | 55.03M | 24.9M | 62.18M | 59.8M | 33.61M |
| Long-Term Debt | 12.82M | 0 | 0 | 43.98M | 39.57M | 0 | 0 | 52.42M | 29.24M |
| Capital Lease Obligations | 31.57M | 12.94M | 13.05M | 18.83M | 13.4M | 16.21M | 11.91M | 7.32M | 3.8M |
| Deferred Tax Liabilities | 5.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 3.6M | 703K | 3.76M | 6.58M | 2.05M | 8.69M | 50.27M | 54K | 573K |
| Total Liabilities | 105.89M | 87.78M | 95.24M | 151.07M | 84.52M | 47M | 83.1M | 100.16M | 37.01M |
| Total Debt | 17.39M | 17.08M | 20.25M | 69.9M | 56.2M | 19.27M | 21.81M | 91.09M | 33.04M |
| Net Debt | -61.34M | -50.33M | -25.29M | 18.91M | -66.74M | -164.35M | 10.17M | 74.24M | 19.6M |
| Debt / Equity | 0.06x | 0.07x | 0.11x | 0.39x | 0.33x | 0.07x | - | - | - |
| Debt / EBITDA | -0.29x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 1.03x | - | - | - | - | - | - | - | - |
| Interest Coverage | - | - | -51.94x | -39.16x | -50.32x | -191.01x | -41.27x | -13.42x | - |
| Total Equity | 275.62M | 261.74M | 180.91M | 179.67M | 171.62M | 260.7M | -36.68M | -60.3M | -10.22M |
| Equity Growth % | 182.42% | 44.68% | 0.69% | 4.69% | -34.17% | 810.7% | 39.17% | -490.05% | - |
| Book Value per Share | 4.46 | 4.65 | 3.88 | 4.85 | 9.65 | 19.47 | -20.54 | -33.77 | -12.81 |
| Total Shareholders' Equity | 275.62M | 261.74M | 180.91M | 179.67M | 171.62M | 260.7M | -36.68M | -60.3M | -10.22M |
| Common Stock | 48K | 48K | 47K | 42K | 19K | 17K | 0 | 0 | 1 |
| Retained Earnings | -990.91M | -973.45M | -913.07M | -816.03M | -441.92M | -303.36M | -209.38M | -102.59M | -51.13M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -562K | -442K | -1M | 192K | -149K | -6K | 0 | -44K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and cash burn
According to recent financial filings, Ouster's total assets grew to $381.5 million in 2026Q1, yet this expansion is underpinned by a cumulative deficit of $990.9 million, suggesting that the company's growth trajectory remains heavily reliant on external capital rather than internal value creation or operational self-sufficiency.
The increase in total assets appears to be driven by ongoing investment in product development and inventory, yet the persistent expansion of the accumulated deficit indicates that the business model has not yet reached a sustainable inflection point. Investors should monitor whether the asset base can generate sufficient returns to offset the historical erosion of equity.
Based on reported figures, Ouster has successfully reduced its total debt from $69.9 million in 2023Q4 to $17.4 million in 2026Q1, a move that significantly lowers the company's interest burden and improves its leverage profile as it navigates a period of high operational cash burn.
The reduction in debt appears to be a deliberate effort to clean up the balance sheet following the Velodyne merger, potentially lowering the risk of insolvency in the near term. However, the reliance on equity-based financing to support operations remains a critical factor that warrants further investigation by stakeholders.
As reported in quarterly statements, Ouster's cash position of $78.7 million in 2026Q1 provides a current ratio of 2.98, which suggests a temporary liquidity buffer, though this must be weighed against the company's ongoing operating losses and the potential for future capital requirements to sustain growth.
While the current ratio appears healthy on the surface, the absolute cash balance remains modest relative to the company's historical burn rate. This suggests that the company may face a liquidity crunch if it fails to achieve cash-flow neutrality within the next several quarters.
Financial disclosures reveal that Ouster's equity base of $275.6 million is heavily impacted by a massive accumulated deficit, which suggests that the company's book value is primarily a reflection of past capital raises rather than retained earnings or organic growth generated from core business operations.
The reliance on equity financing to cover persistent losses indicates that shareholders are effectively funding the company's R&D and market expansion efforts. This structure implies that future profitability must be significant to justify the dilution that has occurred to date.
Data from recent balance sheet snapshots indicates that goodwill and intangible assets remain a component of the asset mix, which warrants further investigation regarding potential impairment risks if the company's growth targets in the industrial and robotics sectors fail to materialize as currently projected by management.
The presence of $38.5 million in goodwill suggests that the company's valuation is sensitive to the performance of acquired assets. If the integration of legacy product lines does not yield the expected synergies, the company may be forced to recognize non-cash charges that would further weaken the balance sheet.
Quick answers to the most common questions about buying OUST stock.
As of 2025, Ouster, Inc. (OUST) had total assets of $349.5M including $278.9M in current assets.
Ouster, Inc. (OUST) carries total debt of $17.1M, offset by $208.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Ouster, Inc. (OUST) has total shareholders' equity (book value) of $261.7M ($4.65 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Ouster, Inc. (OUST) reported a current ratio of 3.93x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.