Evolv Technologies vs Ouster
Ouster reported revenue of $169 million in fiscal 2025, 1.2 times Evolv Technologies' $146 million in fiscal 2025. Evolv Technologies' revenue grew 40.5% in its latest year, and Ouster's grew 52.5%. Evolv Technologies had an operating margin of -33.2%, against -43.7% at Ouster. Free cash flow was $13 million at Evolv Technologies and −$65 million at Ouster.
Side by side
| Evolv Technologies | Ouster | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $146M | $169M |
| Revenue growth | 40.5% | 52.5% |
| Revenue growth a year, last 5 years | 98.0% | 55.1% |
| Gross margin | 51.6% | 49.3% |
| Operating margin | −33.2% | −43.7% |
| Net margin | −22.7% | −35.6% |
| Free cash flow | $13M | −$65M |
| Free cash flow margin | 8.9% | −38.3% |
| Return on capital | −52.9% | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 7.6% | 20.9% |
| Last close | $4.56 | $34.80 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | bought $749,505, sold $6.9 million | bought $178,006, sold $47.4 million |
| Piotroski F-score | 4 of 9 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Evolv TechnologiesOuster
Operating margin
Percent of revenue
Evolv TechnologiesOuster
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Evolv TechnologiesOuster
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Evolv Technologies and Ouster pages.