Estados financieros detallados de Ouster, Inc. (OUST): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Ouster, Inc. registró ingresos de $169.4M en el último ejercicio fiscal, con un CAGR de 5 años del 55.0%.
Cuenta de Resultados (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $1.3M | $11.4M | $18.9M | $33.6M | $41.0M | $83.3M | $111.1M | $169.4M |
| Coste de Ventas | $3.5M | $17.4M | $17.4M | $24.5M | $30.1M | $73.6M | $70.6M | $85.9M |
| Beneficio Bruto | -$2.2M | -$6.0M | $1.5M | $9.1M | $10.9M | $9.7M | $40.5M | $83.4M |
| I+D | $20.3M | $23.3M | $23.3M | $34.6M | $64.3M | $91.2M | $58.1M | $65.2M |
| Generales y Administrativos | $9.5M | $19.1M | $30.0M | $74.2M | $92.0M | $123.6M | $86.6M | $92.3M |
| Gastos Operativos | $29.8M | $42.3M | $53.3M | $108.8M | $156.4M | $382.9M | $144.6M | $157.4M |
| Beneficio Operativo | -$29.7M | -$48.4M | -$51.8M | -$99.7M | -$145.4M | -$373.2M | -$104.2M | -$74.0M |
| EBITDA | -$28.6M | -$46.0M | -$98.3M | -$88.7M | -$123.4M | -$342.6M | -$79.9M | -$50.4M |
| Gastos por Intereses | 0 | $3.6M | $2.5M | $504000 | $2.7M | $9.3M | $1.8M | 0 |
| Beneficio Antes de Impuestos | -$32.8M | -$51.7M | -$106.4M | -$96.8M | -$138.3M | -$373.6M | -$96.5M | -$63.3M |
| Impuestos | $1000 | $1000 | $375000 | -$2.8M | $305000 | $523000 | $537000 | -$2.9M |
| Beneficio Neto | -$32.8M | -$51.7M | -$106.8M | -$94.0M | -$138.6M | -$374.1M | -$97.0M | -$60.4M |
| BPA | $-41.12 | $-28.93 | $-59.79 | $-7.02 | $-7.79 | $-10.10 | $-2.08 | $-1.07 |
| BPA Diluido | $-41.12 | $-28.93 | $-59.79 | $-7.02 | $-7.79 | $-10.10 | $-2.08 | $-1.07 |
| Acciones en Circulación (Diluidas) | $797887 | $1.8M | $1.8M | $13.4M | $17.8M | $37.0M | $46.6M | $56.3M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $39.5M | $62.2M | $48.6M | $54.6M |
| Beneficio Bruto | $16.7M | $37.5M | $20.8M | $26.7M |
| Beneficio Operativo | -$24.3M | $904000 | -$19.2M | -$20.0M |
| EBITDA | -$18.2M | $7.7M | -$13.4M | -$12.1M |
| Beneficio Neto | -$21.7M | $4.0M | -$17.5M | -$18.1M |
| BPA | $-0.37 | $0.07 | $-0.28 | $-0.27 |
| BPA Diluido | $-0.37 | $0.06 | $-0.28 | $-0.27 |
Balance (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $13.4M | $16.8M | $11.6M | $183.6M | $122.9M | $51.0M | $45.5M | $67.4M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | $139.2M | $126.5M | $141.2M |
| Cuentas por Cobrar | $502000 | $937000 | $3.8M | $12.8M | $13.8M | $40.0M | $22.8M | $34.2M |
| Inventario | $1.8M | $2.5M | $4.8M | $7.4M | $19.5M | $23.2M | $16.4M | $23.6M |
| Activos Corrientes | $17.3M | $21.5M | $21.2M | $207.4M | $162.5M | $263.2M | $219.9M | $278.9M |
| Inmovilizado Material | $7.6M | $17.1M | $20.8M | $25.2M | $22.7M | $28.8M | $24.5M | $45.3M |
| Fondo de Comercio | 0 | 0 | 0 | $51.1M | $51.2M | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | $22.7M | $18.2M | $24.4M | $17.8M | $13.3M |
| Activos Totales | $26.8M | $39.9M | $46.4M | $307.7M | $256.1M | $330.7M | $276.1M | $349.5M |
| Cuentas por Pagar | $1.1M | $3.3M | $6.9M | $4.9M | $8.8M | $3.5M | $6.3M | $20.0M |
| Deuda a Corto | 0 | $29.4M | $9.9M | $3.1M | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $3.4M | $40.4M | $20.9M | $22.1M | $29.5M | $81.7M | $78.4M | $71.0M |
| Deuda a Largo | $29.2M | $52.4M | 0 | 0 | $39.6M | $44.0M | 0 | 0 |
| Pasivos Totales | $37.0M | $100.2M | $83.1M | $47.0M | $84.5M | $151.1M | $95.2M | $87.8M |
| Reservas | -$51.1M | -$102.6M | -$209.4M | -$303.4M | -$441.9M | -$816.0M | -$913.1M | -$973.4M |
| Patrimonio Neto | -$10.2M | -$60.3M | -$36.7M | $260.7M | $171.6M | $179.7M | $180.9M | $261.7M |
| Deuda Total | $33.0M | $91.1M | $21.8M | $19.3M | $56.2M | $69.9M | $20.2M | $17.1M |
| Deuda Neta | $19.6M | $74.2M | $10.2M | -$164.3M | -$66.7M | -$120.3M | -$151.8M | -$191.5M |
| Capital Circulante | $13.9M | -$18.9M | $306000 | $185.3M | $133.0M | $181.5M | $141.4M | $207.9M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $87.1M | $67.4M | $78.7M | $91.8M |
| Activos Totales | $353.8M | $349.5M | $381.5M | $474.8M |
| Pasivos Totales | $106.3M | $87.8M | $105.9M | $103.5M |
| Patrimonio Neto | $247.4M | $261.7M | $275.6M | $371.3M |
| Deuda Total | $15.9M | $17.1M | $17.4M | $16.4M |
Flujo de Caja (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$32.8M | -$51.7M | -$106.8M | -$94.0M | -$138.6M | -$374.1M | -$97.0M | -$60.4M |
| Amortizaciones | $1.1M | $2.0M | $3.7M | $5.5M | $9.5M | $21.7M | $14.7M | $12.9M |
| Compensación en Acciones | $524000 | $1.2M | $12.1M | $25.4M | $33.3M | $57.7M | $40.5M | $40.8M |
| Cambio en Capital Circulante | -$2.1M | -$1.4M | -$7.3M | -$6.1M | -$13.5M | -$21.5M | $11.5M | -$32.1M |
| Flujo de Caja Operativo | -$27.8M | -$40.2M | -$42.1M | -$70.6M | -$110.7M | -$137.9M | -$33.7M | -$40.0M |
| Inversiones (CapEx) | -$6.5M | -$7.5M | -$3.5M | -$4.3M | -$5.4M | -$3.0M | -$3.8M | -$24.9M |
| Adquisiciones | 0 | 0 | 0 | -$10.9M | $275000 | $32.1M | $668000 | 0 |
| Recompra de Acciones | -$12000 | 0 | 0 | -$45000 | -$45000 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$34.3M | -$47.7M | -$45.6M | -$74.8M | -$116.1M | -$140.9M | -$37.5M | -$64.8M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$18.3M | -$15.4M | -$7.3M | -$12.8M |
| Inversiones (CapEx) | -$1.7M | -$21.8M | -$2.6M | -$2.6M |
| Flujo de Caja Libre | -$20.0M | -$37.2M | -$9.8M | -$15.4M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $11.8M | $7.3M | $7.5M | $11.4M |
Crecimiento y Márgenes (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +748.6% | +65.6% | +77.6% | +22.2% | +103.0% | +33.4% | +52.5% |
| Crecimiento Beneficio Neto (anual) | | -57.5% | -106.7% | +12.0% | -47.4% | -170.0% | +74.1% | +37.8% |
| Crecimiento BPA (anual) | | +29.6% | -106.7% | +88.3% | -11.0% | -29.7% | +79.4% | +48.6% |
| Cambio en Acciones (anual) | | +123.8% | +0.0% | +649.9% | +32.9% | +108.2% | +25.8% | +20.9% |
| Crecimiento FCF (anual) | | -39.0% | +4.3% | -64.0% | -55.1% | -21.3% | +73.4% | -73.2% |
| Margen Bruto | -163.3% | -52.7% | 8.0% | 27.1% | 26.6% | 11.6% | 36.4% | 49.3% |
| Margen Operativo | -2209.1% | -423.8% | -273.8% | -297.0% | -354.4% | -448.1% | -93.8% | -43.7% |
| Margen EBITDA | -2129.2% | -403.5% | -520.0% | -264.1% | -300.7% | -411.4% | -72.0% | -29.8% |
| Margen Neto | -2439.1% | -452.7% | -564.9% | -279.9% | -337.7% | -449.2% | -87.3% | -35.6% |
| Margen FCF | -2549.6% | -417.8% | -241.4% | -222.9% | -283.0% | -169.2% | -33.7% | -38.3% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.4% | 2.9% | -0.2% | -0.1% | -0.6% | 4.6% |
Datos por Acción (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-42.98 | $-26.70 | $-25.55 | $-5.59 | $-6.53 | $-3.80 | $-0.80 | $-1.15 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $797886 | $1.8M | $1.8M | $13.4M | $17.8M | $37.0M | $46.6M | $56.3M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Ratios Clave (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -2.36 | -3.35 | -2.26 | -7.41 | -1.11 | -0.76 | -5.88 | -20.22 |
| P/VC | -7.57 | -2.87 | -6.57 | 2.67 | 0.89 | 1.58 | 3.15 | 4.66 |
| P/V | 57.54 | 15.18 | 12.75 | 20.74 | 3.74 | 3.41 | 5.12 | 7.20 |
| Margen Bruto | -163.3% | -52.7% | 8.0% | 27.1% | 26.6% | 11.6% | 36.4% | 49.3% |
| Margen Operativo | -2209.1% | -423.8% | -273.8% | -297.0% | -354.4% | -448.1% | -93.8% | -43.7% |
| Margen Neto | -2439.1% | -452.7% | -564.9% | -279.9% | -337.7% | -449.2% | -87.3% | -35.6% |