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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $68.97M | $99.05M | $142.57M | $221.17M | $247.77M | $185.70M |
| Cost of Revenue | $29.82M | $37.55M | $72.28M | $115.65M | $125.90M | $100.96M |
| Gross Profit | $39.15M | $61.49M | $70.28M | $105.52M | $121.86M | $84.75M |
| R&D | - | $0 | $4.62M | $6.01M | $9.84M | $8.13M |
| SG&A | $11.85M | $17.34M | $20.22M | $38.24M | $45.10M | $30.63M |
| Total Operating Expenses | $57.12M | $73.32M | $146.47M | $283.68M | $155.94M | $119.50M |
| D&A | $1.62M | $1.69M | $7.52M | $7.52M | $7.33M | $552.0K |
| Operating Income | ($17.97M) | ($11.82M) | ($76.19M) | ($178.16M) | ($34.08M) | ($34.75M) |
| Interest Expense | $957.0K | $1.22M | $2.13M | $2.70M | $13.25M | $5.04M |
| Income Tax | $41.0K | ($47.0K) | ($867.0K) | ($376.0K) | $532.0K | $48.0K |
| Net Income | ($18.98M) | ($11.86M) | ($74.56M) | ($196.29M) | ($236.02M) | ($63.13M) |
| EPS - Basic | ($2.39) | ($1.68) | ($11.40) | ($80.04) | - | - |
| EPS - Diluted | - | - | - | ($80.04) | - | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.86M | $18.00M | $20.02M | $43.57M | $30.32M | $26.72M |
| Accounts Receivable | $2.46M | $3.78M | $4.22M | $4.51M | $10.48M | $5.75M |
| Inventory | $13.78M | $13.75M | $20.39M | $43.67M | $63.05M | $31.58M |
| Accounts Payable | $3.12M | $3.08M | $4.19M | $16.04M | $21.72M | $14.86M |
| Current Assets | $24.07M | $38.72M | $49.64M | $100.02M | $124.87M | $75.16M |
| Total Assets | $29.56M | $49.54M | $61.87M | $156.44M | $313.57M | $157.45M |
| Current Liabilities | $14.13M | $19.30M | $25.45M | $53.03M | $83.74M | $74.73M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $14.35M | $19.52M | $25.84M | $54.49M | $89.34M | $134.07M |
| Stockholders' Equity | $15.21M | $30.02M | $36.03M | $101.95M | $224.23M | $23.38M |
| Retained Earnings | ($730.66M) | ($711.68M) | ($699.82M) | ($625.25M) | ($428.96M) | ($192.94M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($10.89M) | $2.17M | ($13.39M) | ($17.48M) | ($41.97M) | $6.09M |
| Investing Cash Flow | ($51.0K) | ($242.0K) | ($244.0K) | ($677.0K) | ($44.91M) | ($39.05M) |
| Financing Cash Flow | ($2.52M) | ($4.91M) | ($11.11M) | $27.00M | $95.57M | $32.32M |
| CapEx | $51.0K | $42.0K | $119.0K | $595.0K | $32.0K | $89.0K |
| Free Cash Flow | ($10.95M) | $2.12M | ($13.51M) | ($18.07M) | ($42.00M) | $6.00M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 56.8% | 62.1% | 49.3% | 47.7% | 49.2% | 45.6% |
| Operating margin | -26.1% | -11.9% | -53.4% | -80.6% | -13.8% | -18.7% |
| EBITDA margin | -23.7% | -10.2% | -48.2% | -77.2% | -10.8% | -18.4% |
| Net margin | -27.5% | -12.0% | -52.3% | -88.8% | -95.3% | -34.0% |
| Free cash flow margin | -15.9% | 2.1% | -9.5% | -8.2% | -17.0% | 3.2% |
| FCF / Net income | 0.58 | -0.18 | 0.18 | 0.09 | 0.18 | -0.10 |
| R&D / Revenue | - | 0.0% | 3.2% | 2.7% | 4.0% | 4.4% |
| SG&A / Revenue | 17.2% | 17.5% | 14.2% | 17.3% | 18.2% | 16.5% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -64.2% | -23.9% | -120.5% | -125.5% | -75.3% | -40.1% |
| Return on equity | -124.8% | -39.5% | -206.9% | -192.5% | -105.3% | -270.0% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.70 | 2.01 | 1.95 | 1.89 | 1.49 | 1.01 |
| Quick ratio | 0.73 | 1.29 | 1.15 | 1.06 | 0.74 | 0.58 |
| Cash ratio | 0.34 | 0.93 | 0.79 | 0.82 | 0.36 | 0.36 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -18.8x | -9.7x | -35.9x | -66.1x | -2.6x | -6.9x |
| Equity multiplier | 1.94 | 1.65 | 1.72 | 1.53 | 1.40 | 6.73 |
| Liabilities / Assets | 0.49 | 0.39 | 0.42 | 0.35 | 0.28 | 0.85 |
| Efficiency | ||||||
| Asset turnover | 2.33 | 2.00 | 2.30 | 1.41 | 0.79 | 1.18 |
| Inventory turnover | 2.16 | 2.73 | 3.54 | 2.65 | 2.00 | 3.20 |
| Days sales outstanding | 13d | 14d | 11d | 7d | 15d | 11d |
| Days inventory outstanding | 169d | 134d | 103d | 138d | 183d | 114d |
| Days payable outstanding | 38d | 30d | 21d | 51d | 63d | 54d |
| Cash conversion cycle | 143d | 118d | 93d | 95d | 135d | 72d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | 3.2x | - | - |
| P / S | - | - | - | 1.5x | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -30.4% | -30.5% | -35.5% | -10.7% | 33.4% | 153.4% |
| Revenue CAGR (3y) | -32.2% | -26.3% | -8.4% | 44.5% | - | - |
| Revenue CAGR (5y) | -18.0% | 6.2% | - | - | - | - |
| Gross profit growth (YoY) | -36.3% | -12.5% | -33.4% | -13.4% | 43.8% | 226.2% |
| Operating income growth (YoY) | -52.0% | 84.5% | 57.2% | -422.8% | 1.9% | 36.0% |
| Net income growth (YoY) | -60.0% | 84.1% | 62.0% | 16.8% | -273.9% | -98.4% |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 25.3% | 57.0% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -49.3% | -16.7% | -64.7% | -54.5% | 859.0% | 118.0% |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-19.81
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
2/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Electric Housewares & Fans
Comparing Aterian against the 2 most active filers in the same SIC group.