ATER · Aterian, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.0K | - | $19.02M | $19.46M | $15.36M | - | $26.24M | $27.98M | $20.21M | - |
| Cost of Revenue | $8.0K | - | $8.35M | $8.90M | $5.94M | - | $10.41M | $11.09M | $7.05M | - |
| Gross Profit | $10.0K | - | $10.67M | $10.57M | $9.42M | - | $15.83M | $16.89M | $13.17M | - |
| R&D | - | - | - | - | - | - | $0 | $0 | $0 | - |
| SG&A | $2.92M | - | $2.88M | $2.71M | $3.46M | - | $3.65M | $4.93M | $5.23M | - |
| Total Operating Expenses | $3.22M | - | $12.71M | $15.07M | $13.12M | - | $17.56M | $20.10M | $18.45M | - |
| D&A | $10.0K | - | $406.0K | $404.0K | $408.0K | - | - | - | $428.0K | - |
| Operating Income | ($3.21M) | - | ($2.04M) | ($4.50M) | ($3.70M) | - | ($1.73M) | ($3.21M) | ($5.28M) | - |
| Interest Expense | $234.0K | - | $275.0K | $253.0K | $221.0K | - | $272.0K | $296.0K | $393.0K | - |
| Income Tax | $0 | - | $19.0K | $11.0K | $20.0K | - | ($210.0K) | $205.0K | $71.0K | - |
| Net Income | ($6.13M) | - | ($2.28M) | ($4.86M) | ($3.90M) | - | ($1.77M) | ($3.63M) | ($5.16M) | - |
| EPS - Basic | ($0.69) | - | ($0.28) | ($0.63) | ($0.52) | - | ($0.25) | ($0.52) | ($0.76) | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.32M | $4.86M | $7.59M | $10.49M | $14.34M | $18.00M | $16.07M | $20.33M | $17.55M | $20.02M |
| Accounts Receivable | $1.0K | $2.46M | $2.46M | $3.03M | $3.39M | $3.78M | $3.26M | $3.76M | $2.38M | $4.22M |
| Inventory | $52.0K | $13.78M | $17.16M | $18.50M | $18.14M | $13.75M | $16.56M | $18.38M | $18.52M | $20.39M |
| Accounts Payable | $944.0K | $3.12M | $4.55M | $6.12M | $6.16M | $3.08M | $5.62M | $8.81M | $4.06M | $4.19M |
| Current Assets | $21.17M | $24.07M | $30.43M | $35.31M | $39.38M | $38.72M | $40.86M | $48.19M | $43.59M | $49.64M |
| Total Assets | $22.20M | $29.56M | $40.15M | $45.42M | $49.82M | $49.54M | $52.14M | $59.85M | $55.67M | $61.87M |
| Current Liabilities | $12.46M | $14.13M | $17.28M | $20.89M | $22.55M | $19.30M | $21.26M | $28.69M | $22.35M | $25.45M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $12.67M | $14.35M | $17.51M | $21.13M | $22.78M | $19.52M | $21.51M | $28.96M | $22.72M | $25.84M |
| Stockholders' Equity | $9.53M | $15.21M | $22.64M | $24.29M | $27.04M | $30.02M | $30.63M | $30.89M | $32.95M | $36.03M |
| Retained Earnings | ($736.79M) | ($730.66M) | ($722.71M) | ($720.43M) | ($715.57M) | ($711.68M) | ($710.38M) | ($708.61M) | ($704.98M) | ($699.82M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($363.0K) | - | - | - | ($3.87M) | - | - | - | ($6.0K) | - |
| Investing Cash Flow | ($4.0K) | - | - | - | $0 | - | - | - | ($236.0K) | - |
| Financing Cash Flow | ($2.11M) | - | - | - | $440.0K | - | - | - | ($2.20M) | - |
| CapEx | $4.0K | - | - | - | $36.0K | - | - | - | $36.0K | - |
| Free Cash Flow | ($367.0K) | - | - | - | ($3.90M) | - | - | - | ($42.0K) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 55.6% | - | 56.1% | 54.3% | 61.4% | - | 60.3% | 60.4% | 65.1% | - |
| Operating margin | -17827.8% | - | -10.7% | -23.1% | -24.1% | - | -6.6% | -11.5% | -26.1% | - |
| EBITDA margin | -17772.2% | - | -8.6% | -21.1% | -21.4% | - | - | - | -24.0% | - |
| Net margin | -34066.7% | - | -12.0% | -25.0% | -25.4% | - | -6.8% | -13.0% | -25.5% | - |
| Free cash flow margin | -2038.9% | - | - | - | -25.4% | - | - | - | -0.2% | - |
| FCF / Net income | 0.06 | - | - | - | 1.00 | - | - | - | 0.01 | - |
| R&D / Revenue | - | - | - | - | - | - | 0.0% | 0.0% | 0.0% | - |
| SG&A / Revenue | 16216.7% | - | 15.1% | 13.9% | 22.5% | - | 13.9% | 17.6% | 25.9% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -27.6% | - | -5.7% | -10.7% | -7.8% | - | -3.4% | -6.1% | -9.3% | - |
| Return on equity | -64.4% | - | -10.1% | -20.0% | -14.4% | - | -5.8% | -11.7% | -15.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.70 | 1.70 | 1.76 | 1.69 | 1.75 | 2.01 | 1.92 | 1.68 | 1.95 | 1.95 |
| Quick ratio | 1.70 | 0.73 | 0.77 | 0.81 | 0.94 | 1.29 | 1.14 | 1.04 | 1.12 | 1.15 |
| Cash ratio | 0.19 | 0.34 | 0.44 | 0.50 | 0.64 | 0.93 | 0.76 | 0.71 | 0.79 | 0.79 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -13.7x | - | -7.4x | -17.8x | -16.7x | - | -6.4x | -10.8x | -13.4x | - |
| Equity multiplier | 2.33 | 1.94 | 1.77 | 1.87 | 1.84 | 1.65 | 1.70 | 1.94 | 1.69 | 1.72 |
| Liabilities / Assets | 0.57 | 0.49 | 0.44 | 0.47 | 0.46 | 0.39 | 0.41 | 0.48 | 0.41 | 0.42 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.47 | 0.43 | 0.31 | - | 0.50 | 0.47 | 0.36 | - |
| Inventory turnover | 0.15 | - | 0.49 | 0.48 | 0.33 | - | 0.63 | 0.60 | 0.38 | - |
| Days sales outstanding | 20d | - | 47d | 57d | 81d | - | 45d | 49d | 43d | - |
| Days inventory outstanding | 2373d | - | 750d | 759d | 1116d | - | 581d | 605d | 959d | - |
| Days payable outstanding | 43070d | - | 199d | 251d | 379d | - | 197d | 290d | 210d | - |
| Cash conversion cycle | -40677d | - | 598d | 564d | 817d | - | 429d | 364d | 792d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -99.9% | - | -27.5% | -30.5% | -24.0% | - | -33.9% | -20.6% | -42.0% | - |
| Revenue CAGR (3y) | -92.0% | - | -34.1% | -30.6% | -28.3% | - | -27.2% | -25.7% | -25.1% | - |
| Revenue CAGR (5y) | -79.4% | - | -20.2% | -20.1% | -9.7% | - | -8.4% | -1.6% | - | - |
| Gross profit growth (YoY) | -99.9% | - | -32.6% | -37.4% | -28.4% | - | -19.2% | 13.4% | -31.0% | - |
| Operating income growth (YoY) | 13.2% | - | -18.1% | -40.6% | 30.0% | - | 73.4% | 91.2% | 78.9% | - |
| Net income growth (YoY) | -57.4% | - | -28.7% | -33.9% | 24.5% | - | 71.7% | 89.6% | 80.0% | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 90.6% | - | - | - | -9195.2% | - | - | - | 99.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -64.8% | -49.3% | -26.1% | -21.3% | -17.9% | -16.7% | -26.9% | -34.5% | -58.2% | -64.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$68.97M totalHousewares$14.90M · 21.6%
Heating Cooling And Air Quality$13.95M · 20.2%
Essential Oils And Related Accessories$12.14M · 17.6%
Health And Beauty$10.62M · 15.4%
Kitchen Appliances$8.47M · 12.3%
Home Office$6.26M · 9.1%
Cookware Kitchen Tools And Gadgets$2.62M · 3.8%
Product And Service Other$14.0K · 0.0%
Geographic
$65.76M totalNorth America$60.45M · 91.9%
Other Than North America$5.31M · 8.1%
Peer comparison
Same SIC group: Electric Housewares & Fans
Comparing Aterian against the 2 most active filers in the same SIC group.