Monitor the pace of ATM sales in coming weeks; gradual dilution may pressure the stock but strong Q1 revenue growth and cash position provide a floor. Watch for any insider selling or additional filings that signal accelerated issuance.
Price Chart
Executive Summary
Ouster filed a prospectus supplement for an at-the-market equity offering of up to $100 million, just three days after reporting strong Q1 2026 results with 49% YoY revenue growth. The offering will dilute existing shareholders but the company is capitalizing on a higher stock price to fund growth and working capital.
Key Facts
- ATM offering of up to $100 million in common stock
- Q1 2026 revenue $49M, up 49% YoY; product revenue up 55% YoY
- GAAP net loss $17M, improved $5M YoY
- Cash position $175M as of March 31, 2026
- Immediate dilution of $20.09 per share to new investors at assumed price of $24.51
- Agents' commission up to 3.0% of gross proceeds
Financial Impact
$100 million gross proceeds, ~$96.5 million net after 3% commission and expenses
Risk Factors
- Immediate and substantial dilution to existing shareholders
- Potential overhang from continuous ATM sales
- Execution risk in deploying proceeds for growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001193125-26-214703 |
| Document: 0001193125-26-214703-index-headers.html | 0001193125-26-214703 |
| Document: 0001193125-26-214703-index.html | 0001193125-26-214703 |
| Document: 0001193125-26-214703.txt | 0001193125-26-214703 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 5w ago | Insider Cluster | $34.95 $31.33 | ▲ +10.36% | ▲ +11.56% | $32.79 (+6.18%) |
Sep 11, 2026 6w ago | 144 | $33.46 $37.27 | ▲ +11.39% | ▲ +9.12% | $32.79 (−2.00%) |
Sep 11, 2026 6w ago | 144 | $33.46 $37.27 | ▲ +11.39% | ▲ +9.12% | $32.79 (−2.00%) |
Aug 18, 2026 10w ago | 144 | $40.06 $32.79 | ▼ −18.15% | ▼ −16.63% | $32.79 (−18.15%) |
Aug 7, 2026 11w ago | Insider Cluster | $42.13 $38.05 | ▼ −9.68% | ▼ −8.77% | $32.79 (−22.17%) |
Aug 6, 2026 11w ago | 144 | $43.40 $36.43 | ▼ −16.06% | ▼ −15.66% | $32.79 (−24.45%) |
Jul 6, 2026 16w ago | 8-K | $44.06 $42.48 | ▼ −3.59% | ▼ −4.92% | $32.79 (−25.58%) |
Jul 6, 2026 16w ago | 424B5 | $49.83 $39.01 | ▲ +21.71% | ▲ +21.15% | $32.79 (+34.20%) |
Jul 2, 2026 16w ago | 424B5 | $49.84 $35.53 | ▲ +28.71% | ▲ +28.30% | $32.79 (+34.21%) |
Jul 1, 2026 16w ago | S-3ASR | $49.84 $35.53 | ▼ −28.71% | ▼ −28.30% | $32.79 (−34.21%) |
US Market Status
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