Ouster vs Impinj
Impinj reported revenue of $361 million in fiscal 2025, 2.1 times Ouster's $169 million in fiscal 2025. Ouster's revenue grew 52.5% in its latest year, and Impinj's fell 1.4%. Ouster had an operating margin of -43.7%, against -0.2% at Impinj. Free cash flow was −$65 million at Ouster and $46 million at Impinj.
Side by side
| Ouster | Impinj | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $169M | $361M |
| Revenue growth | 52.5% | −1.4% |
| Revenue growth a year, last 5 years | 55.1% | 21.1% |
| Gross margin | 49.3% | 52.5% |
| Operating margin | −43.7% | −0.2% |
| Net margin | −35.6% | −3.0% |
| Free cash flow | −$65M | $46M |
| Free cash flow margin | −38.3% | 12.7% |
| Return on capital | — | −0.2% |
| Net debt to EBITDA | — | 7.4x |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 20.9% | −0.6% |
| Last close | $34.80 | $171.03 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | bought $178,006, sold $47.4 million | sold $174.9 million |
| Piotroski F-score | 5 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ 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
OusterImpinj
Operating margin
Percent of revenue
OusterImpinj
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
OusterImpinj