Slide 1: Fourth Quarter 2025 Earnings Update
© Ouster, Inc. 2026 March 2, 2026 Fourth Quarter 2025 Earnings Update
Slide 2: Forward-Looking Statements
© Ouster, Inc. 2026 Sensing and Perception for Physical AI Fourth Quarter 2025 Earnings Update Trademarks and Copyrights Use of Estimates Non-GAAP Financial Measures Forward-Looking Statements Unless otherwise indicated, information contained in this presentation concerning our industry, competitive
Slide 3: Ouster Brings Physical AI to Life
© Ouster, Inc. 2026 Autonomy Across Industries Physical AI Solutions Digital Lidar, Cameras, and AI Compute Fourth Quarter 2025 Earnings Update Ouster brings Physical AI(to life Automotive Industrial Smart Infrastructure Robotics March 2, 2026 03
Slide 4: Message from the CEO
© Ouster, Inc. 2026 CEO and Co-Founder Angus Pacala Fourth Quarter 2025 Earnings Update Message from the CEO The fourth quarter capped off an exceptional year. Revenue of $62 million, including $41 million of product revenue, reflects the continued demand across our lidar business. We set a new quar
Slide 5: Fourth Quarter 2025 Results
© Ouster, Inc. 2026. ¹ Non-GAAP gross margin is a non-GAAP financial metric. For a reconciliation of non-GAAP gross margin to GAAP gross margin, please see Appendix. $62M Revenue Fourth Quarter 2025 Earnings Update Up 107% vs. the fourth quarter of 2024 Fourth Quarter(2025 Results GAAP Gross Margin
Slide 6: FY 2025 Results
© Ouster, Inc. 2026. ¹ Non-GAAP gross margin is a non-GAAP financial metric. For a reconciliation of non-GAAP gross margin to GAAP gross margin, please see Appendix. Fourth Quarter 2025 Earnings Update FY 2025 Results Up from 41 % in FY 2024 Up 52% vs. FY 2024 $169M 54% Non-GAAP Gross Margin ¹ Reven
Slide 7: Q1 2026 Revenue Guidance
© Ouster, Inc. 2026 $45 Million to $48 Million Fourth Quarter 2025 Earnings Update Q1 2026 Revenue Guidance March 2, 2026 07
Slide 8: Unified Sensing and Perception Platform
© Ouster, Inc. 2026 Physical AIˇs First Fourth Quarter 2025 Earnings Update Combines high-performance digital lidar, cameras, AI compute, sensor fusion and perception software, and cutting-edge AI models Unified Sensing & Perception Platform March 2, 2026 08
Slide 9: 2026 Strategic Business Priorities
© Ouster, Inc. 2026 Execute Path to Profitability Extend Leadership in Physical AI Solutions Fourth Quarter 2025 Earnings Update Revolutionize Our Camera, Lidar, and AI Compute Products 2026 Strategic(Business Priorities AI Compute Perception Software March 2, 2026 OS0 ZED X 09
Slide 10: Revolutionize Our Camera, Lidar, and AI Compute Products
© Ouster, Inc. 2026 Fourth Quarter 2025 Earnings Update Revolutionize Our Camera, Lidar, and AI Compute Products Next-generation digital lidar Next-generation ZED cameras and AI compute Unify products with plug-and-play sensor fusion March 2, 2026 10
Slide 11: Extend Leadership in Physical AI Solutions
© Ouster, Inc. 2026 Fourth Quarter 2025 Earnings Update Extend Leadership in Physical AI Solutions STRAWBERRY: RIPE(CERTAINTY: 98.3% Deepen presence in industrial AI Cement lead in smart infrastructure March 2, 2026 11
Slide 12: Execute Path to Profitability
© Ouster, Inc. 2026. Execute Path to Profitability 30-50% annual revenue growth Fourth Quarter 2025 Earnings Update 35-40% GAAP gross margin < 5% increase in GAAP operating expenses year over year March 2, 2026 12
Slide 13: Foundational Sensing and Perception Platform
© Ouster, Inc. 2026 Sense Sensing and Perception for Physical AI Think Act Ouster is positioned (as the foundational (end-to-end sensing (and perception platform (for Physical AI Learn February 9, 2026 13
Slide 14: Thank You
© Ouster, Inc. 2026 Sensing and Perception for Physical AI Thank You
Slide 15: GAAP to Non-GAAP Reconciliation
© Ouster, Inc. 2026 Gross margin on non-GAAP basis Gross margin on GAAP basis Gross margin on GAAP basis Excess & obsolete expenses (recovery) Amortization of acquired intangible assets Stock-Based Compensation Gross profit on GAAP basis GROSS PROFIT MARGIN ($K) Fourth Quarter 2025 Earnings Update G