Aterian Inc Financials

ATER

FY2025 annual

Revenue $69.0M -30.4% YoY

Net Income -$19.0M -60.0% YoY

EPS (Diluted) Not reported for FY2025

Free Cash Flow -$10.9M -615.6% YoY

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

Aterian Inc (ATER) reported $69.0M in revenue for fiscal year 2025, down 30.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ATER FY2025 2026-08-14

Aterian’s higher gross margin is being overwhelmed by shrinking scale, after a brief working-capital-funded cash reprieve.

FY2024’s positive free cash flow of $2.1M looked like a breakthrough, but it coincided with inventory almost disappearing from $20.4M in FY2023 to $13.7M in FY2024 and just $52K in FY2025; once that balance-sheet release ran out, operating cash flow swung back to -$10.9M. That ties the cash improvement more to shrinking working capital during contraction than to a fully self-funding operating model.

The business kept gross margins relatively high for a much smaller revenue base—62.1% in FY2024 and 56.8% in FY2025—but operating margin worsened from -11.9% to -26.1% as revenue fell to $69.0M. That pattern points to overhead absorption as the main problem: the direct product economics held up better than the company’s ability to spread fixed costs.

The balance sheet looks calmer than the cash position really is: the current ratio stayed near 2.0x in both FY2024 and FY2025, yet cash dropped from $18.0M to $4.9M while total liabilities still stood at $14.4M. Near-term obligations are covered on paper, but the liquid cushion available to absorb continuing losses is much thinner.

Financial Health Signals

Financial Health Score 30/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Aterian Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Dilution

R&D Intensity

Not available for Aterian Inc, and counted as zero in the overall score.

Revenue Progress

Burn Trend

Balance Sheet

Altman Z-Score Distress

-33.36

Aterian Inc scores -33.36, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($7.8M) relative to total liabilities ($14.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

3/8

Aterian Inc passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

N/A

Aterian Inc reported a net loss of $19.0M while operations used $10.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Aterian Inc reported an operating loss of $18.0M against $957K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$69.0M

YoY-30.4%

5Y CAGR-18.0%

Aterian Inc generated $69.0M in revenue in fiscal year 2025. This represents a decrease of 30.4% from the prior year.

EBITDA

-$16.4M

YoY-61.4%

Aterian Inc's EBITDA was -$16.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 61.4% from the prior year.

Net Income

-$19.0M

YoY-60.0%

Aterian Inc reported -$19.0M in net income in fiscal year 2025. This represents a decrease of 60.0% from the prior year.

EPS (Diluted)

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

-$10.9M

YoY-615.6%

Aterian Inc recorded an outflow of $10.9M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 615.6% from the prior year.

Cash & Debt

$4.9M

YoY-73.0%

5Y CAGR-28.9%

Aterian Inc held $4.9M in cash as of fiscal year 2025; long-term debt is not reported for that period.

Shares Outstanding

10M

YoY+14.6%

Aterian Inc had 10M shares outstanding in fiscal year 2025. This represents an increase of 14.6% from the prior year.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin

56.8%

YoY-5.3pp

5Y CAGR+11.1pp

Aterian Inc's gross margin was 56.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 5.3 percentage points from the prior year.

Operating Margin

-26.1%

YoY-14.1pp

5Y CAGR-7.4pp

Aterian Inc's operating margin was -26.1% in fiscal year 2025, reflecting core business profitability. This is down 14.1 percentage points from the prior year.

Net Margin

-27.5%

YoY-15.5pp

5Y CAGR+6.5pp

Aterian Inc's net profit margin was -27.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 15.5 percentage points from the prior year.

Return on Equity

-124.8%

YoY-85.3pp

5Y CAGR+145.2pp

Aterian Inc's ROE was -124.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 85.3 percentage points from the prior year.

Capital Allocation

Capital Expenditures

$51K

YoY+21.4%

5Y CAGR-10.5%

Aterian Inc invested $51K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 21.4% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

ATER Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ATER annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	$86.8M	$69.0M-30.4%	$99.0M-30.5%	$142.6M-35.5%	$221.2M-10.7%	$247.8M+33.4%	$185.7M+62.3%	$114.5M+56.2%	$73.3M	N/A
Cost of Revenue	$37.8M	$29.8M-20.6%	$37.5M-48.0%	$72.3M-37.5%	$115.7M-8.1%	$125.9M+24.7%	$101.0M+45.4%	$69.4M+46.8%	$47.3M	N/A
Gross Profit	$49.1M	$39.1M-36.3%	$61.5M-12.5%	$70.3M-33.4%	$105.5M-13.4%	$121.9M+43.8%	$84.7M+88.2%	$45.0M+73.3%	$26.0M	N/A
R&D Expenses	N/A	N/A	$0-100.0%	$4.6M-23.2%	$6.0M-38.9%	$9.8M+21.0%	$8.1M-23.7%	$10.7M+191.7%	$3.7M	N/A
SG&A Expenses	$2.9B	$11.8M-31.7%	$17.3M-14.2%	$20.2M-47.1%	$38.2M-15.2%	$45.1M+47.2%	$30.6M-8.6%	$33.5M+196.8%	$11.3M	N/A
Operating Income	-$3.2B	-$18.0M-52.0%	-$11.8M+84.5%	-$76.2M+57.2%	-$178.2M-422.8%	-$34.1M+1.9%	-$34.8M+36.0%	-$54.3M-84.6%	-$29.4M-230.2%	$22.6M
Interest Expense	$234.8M	$957K-21.4%	$1.2M-42.7%	$2.1M-21.2%	$2.7M-79.7%	$13.3M+163.0%	$5.0M+11.2%	$4.5M+92.5%	$2.4M	N/A
Income Tax	$41K	$41K+187.2%	-$47K+94.6%	-$867K-130.6%	-$376K-170.7%	$532K+1008.3%	$48K+65.5%	$29K-47.3%	$55K	N/A
Net Income	-$6.1B	-$19.0M-60.0%	-$11.9M+84.1%	-$74.6M+62.0%	-$196.3M+16.8%	-$236.0M-273.9%	-$63.1M-7.4%	-$58.8M-84.7%	-$31.8M	N/A
EPS (Diluted)	—	N/A	N/A	N/A	-$2.95	-$6.67	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$7K-100.0%	$18.0M-63.9%	$49.8M+161.8%	$19.0M+21514.8%	$88K-99.9%	$63.0M+156.0%	$24.6M-6.2%	$26.2M
Cost of Revenue	$6K-99.9%	$8.0M-62.6%	$21.4M+156.5%	$8.3M+17666.0%	$47K-99.6%	$13.0M+44.4%	$9.0M-13.6%	$10.4M
Gross Profit	$1K-100.0%	$10.0M-64.8%	$28.4M+166.0%	$10.7M+25926.8%	$41K-99.9%	$50.0M+220.3%	$15.6M-1.4%	$15.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0
SG&A Expenses	$3.8M-99.9%	$2.9B+96268.4%	$3.0M+5.2%	$2.9M+11.4%	$2.6M-99.9%	$3.4B+94995.0%	$3.5M-3.3%	$3.6M
Operating Income	-$4.0M+99.9%	-$3.2B-35512.0%	-$9.0M-341.1%	-$2.0M+42.9%	-$3.6M+99.9%	-$3.3B-207415.5%	-$1.6M+6.9%	-$1.7M
Interest Expense	$314K-99.9%	$234.0M+112400.0%	$208K-24.4%	$275K+8.7%	$253K-99.9%	$221.0M+85892.2%	$257K-5.5%	$272K
Income Tax	$0	$0-100.0%	$22K+15.8%	$19K	$0	$0+100.0%	-$113K+46.2%	-$210K
Net Income	-$491K+100.0%	-$6.1B-77061.2%	-$7.9M-248.4%	-$2.3M+53.1%	-$4.9M+99.9%	-$3.9B-300054.1%	-$1.3M+26.8%	-$1.8M

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

ATER Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ATER annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$29.6M-40.3%	$49.5M-19.9%	$61.9M-60.5%	$156.4M-50.1%	$313.6M+99.2%	$157.5M+111.6%	$74.4M+28.3%	$58.0M	N/A
Current Assets	$28.5M-26.4%	$38.7M-22.0%	$49.6M-50.4%	$100.0M-19.9%	$124.9M+66.1%	$75.2M+2.9%	$73.0M+27.2%	$57.4M	N/A
Cash & Equivalents	$4.9M-73.0%	$18.0M-10.1%	$20.0M-54.0%	$43.6M+43.7%	$30.3M+13.5%	$26.7M-12.0%	$30.4M+51.5%	$20.0M+277.9%	$5.3M
Inventory	$52K-99.6%	$13.7M-32.6%	$20.4M-53.3%	$43.7M-30.7%	$63.0M+99.6%	$31.6M-12.8%	$36.2M+18.5%	$30.6M	N/A
Accounts Receivable	$6K-99.8%	$3.8M-10.5%	$4.2M-6.4%	$4.5M-56.9%	$10.5M+82.3%	$5.7M+442.7%	$1.1M-24.5%	$1.4M	N/A
Goodwill	N/A	N/A	$0	$0-100.0%	$119.9M+153.5%	$47.3M	N/A	N/A	N/A
Total Liabilities	$14.4M-26.5%	$19.5M-24.4%	$25.8M-52.6%	$54.5M-39.0%	$89.3M-33.4%	$134.1M+110.5%	$63.7M+21.0%	$52.6M	N/A
Current Liabilities	$14.1M-26.8%	$19.3M-24.2%	$25.4M-52.0%	$53.0M-36.7%	$83.7M+12.1%	$74.7M+40.4%	$53.2M+34.5%	$39.6M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	$35.1M+27.6%	$27.5M+167.0%	$10.3M
Total Equity	$15.2M-49.3%	$30.0M-16.7%	$36.0M-64.7%	$102.0M-54.5%	$224.2M+859.0%	$23.4M+118.0%	$10.7M+99.8%	$5.4M-34.2%	$8.2M
Retained Earnings	-$730.7M-2.7%	-$711.7M-1.7%	-$699.8M-11.9%	-$625.3M-45.8%	-$429.0M-122.3%	-$192.9M-48.6%	-$129.8M-82.8%	-$71.0M-81.2%	-$39.2M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$23.5M-99.9%	$22.2B+74982.0%	$29.6M-26.4%	$40.1M-11.6%	$45.4M-99.9%	$49.8B+100457.1%	$49.5M-5.0%	$52.1M
Current Assets	$23.3M-99.9%	$21.2B+74152.1%	$28.5M-6.3%	$30.4M-13.8%	$35.3M-99.9%	$39.4B+101617.5%	$38.7M-5.2%	$40.9M
Cash & Equivalents	$2.5M-99.9%	$2.3B+47748.5%	$4.9M-36.0%	$7.6M-27.7%	$10.5M-99.9%	$14.3B+79558.9%	$18.0M+12.0%	$16.1M
Inventory	$49K-99.9%	$52.0M+99900.0%	$52K-99.7%	$17.2M-7.2%	$18.5M-99.9%	$18.1B+131866.0%	$13.7M-17.0%	$16.6M
Accounts Receivable	$0-100.0%	$1.0M+16566.7%	$6K-99.8%	$2.5M-18.7%	$3.0M-99.9%	$3.4B+89561.6%	$3.8M+16.0%	$3.3M
Total Liabilities	$10.9M-99.9%	$12.7B+88182.8%	$14.4M-18.0%	$17.5M-17.1%	$21.1M-99.9%	$22.8B+116565.8%	$19.5M-9.2%	$21.5M
Current Liabilities	$10.9M-99.9%	$12.5B+88059.9%	$14.1M-18.2%	$17.3M-17.3%	$20.9M-99.9%	$22.6B+116751.5%	$19.3M-9.2%	$21.3M
Total Equity	$12.6M-99.9%	$9.5B+62523.3%	$15.2M-32.8%	$22.6M-6.8%	$24.3M-99.9%	$27.0B+89979.0%	$30.0M-2.0%	$30.6M
Retained Earnings	-$737.3M+99.9%	-$736.8B-100739.2%	-$730.7M-1.1%	-$722.7M-0.3%	-$720.4M+99.9%	-$715.6B-100447.4%	-$711.7M-0.2%	-$710.4M

ATER Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

ATER annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	-$365.2M	-$10.9M-603.2%	$2.2M+116.2%	-$13.4M+23.4%	-$17.5M+58.4%	-$42.0M-789.0%	$6.1M+124.2%	-$25.2M+17.0%	-$30.3M	N/A
Capital Expenditures	$4.1M	$51K+21.4%	$42K-64.7%	$119K+45.1%	$82K+156.3%	$32K-64.0%	$89K-21.9%	$114K+86.9%	$61K	N/A
Free Cash Flow	-$369.2M	-$10.9M-615.6%	$2.1M+115.7%	-$13.5M+23.1%	-$17.6M+58.2%	-$42.0M-799.8%	$6.0M+123.7%	-$25.3M+16.7%	-$30.4M	N/A
Investing Cash Flow	-$4.1M	-$51K+78.9%	-$242K+0.8%	-$244K+64.0%	-$677K+98.5%	-$44.9M-15.0%	-$39.1M-2941.6%	-$1.3M-4838.5%	-$26K	N/A
Financing Cash Flow	-$2.1B	-$2.5M+48.8%	-$4.9M+55.8%	-$11.1M-141.1%	$27.0M-71.8%	$95.6M+195.7%	$32.3M-11.6%	$36.6M-19.3%	$45.3M	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$438K+100.1%	-$363.0M-34736.9%	-$1.0M+33.5%	-$1.6M+64.6%	-$4.4M+99.9%	-$3.9B-42977677.8%	-$9K+98.8%	-$722K
Capital Expenditures	$14K-99.7%	$4.0M+79900.0%	$5K-87.5%	$40K+566.7%	$6K	$0	$0	$0
Free Cash Flow	$424K+100.1%	-$367.0M-34952.5%	-$1.0M+34.8%	-$1.6M+63.7%	-$4.4M+99.9%	-$3.9B-42977677.8%	-$9K+98.8%	-$722K
Investing Cash Flow	-$14K+99.7%	-$4.0M-79900.0%	-$5K+87.5%	-$40K-566.7%	-$6K	$0	$0	$0
Financing Cash Flow	-$216K+100.0%	-$2.1B-127640.8%	-$1.7M-31.6%	-$1.3M-2313.5%	-$52K-100.0%	$440.0M+54422.9%	$807K+123.8%	-$3.4M

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

ATER Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

ATER annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Gross Margin	56.8%-5.3pp	62.1%+12.8pp	49.3%+1.6pp	47.7%-1.5pp	49.2%+3.6pp	45.6%+6.3pp	39.4%+3.9pp	35.5%	N/A
Operating Margin	-26.1%-14.1pp	-11.9%+41.5pp	-53.4%+27.1pp	-80.5%-66.8pp	-13.8%+5.0pp	-18.7%+28.8pp	-47.5%-7.3pp	-40.2%	N/A
Net Margin	-27.5%-15.5pp	-12.0%+40.3pp	-52.3%+36.4pp	-88.8%+6.5pp	-95.3%-61.3pp	-34.0%+17.4pp	-51.4%-7.9pp	-43.4%	N/A
Return on Equity	-124.8%-85.3pp	-39.5%+167.4pp	-206.9%-14.4pp	-192.5%-87.3pp	-105.3%+164.7pp	-270.0%+278.1pp	-548.1%+44.7pp	-592.7%	N/A
Return on Assets	-64.2%-40.3pp	-23.9%+96.6pp	-120.5%+5.0pp	-125.5%-50.2pp	-75.3%-35.2pp	-40.1%+38.9pp	-79.0%-24.1pp	-54.9%	N/A
Current Ratio	2.020.0x	2.01+0.1x	1.95+0.1x	1.89+0.4x	1.49+0.5x	1.01-0.4x	1.37-0.1x	1.45	N/A
Debt-to-Equity	0.94+0.3x	0.65-0.1x	0.72+0.2x	0.53+0.1x	0.40-5.3x	5.73+2.5x	3.27-1.8x	5.12+3.9x	1.26
FCF Margin	-15.9%-18.0pp	2.1%+11.6pp	-9.5%-1.5pp	-7.9%+9.0pp	-17.0%-20.2pp	3.2%+25.4pp	-22.1%+19.4pp	-41.5%	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	14.3%-41.3pp	55.6%-1.4pp	57.0%+0.9pp	56.1%+9.5pp	46.6%-32.8pp	79.4%+15.9pp	63.4%+3.1pp	60.3%
Operating Margin	-56557.1%	-17827.8%	-18.1%-7.4pp	-10.7%	-4065.9%	-5303.2%	-6.5%+0.1pp	-6.6%
Net Margin	-7014.3%	-34066.7%	-16.0%-4.0pp	-12.0%	-5522.7%	-6184.1%	-5.3%+1.5pp	-6.8%
Return on Equity	-3.9%+60.5pp	-64.4%-12.1pp	-52.2%-42.2pp	-10.1%+9.9pp	-20.0%-5.6pp	-14.4%-10.1pp	-4.3%+1.5pp	-5.8%
Return on Assets	-2.1%+25.5pp	-27.6%-0.7pp	-26.9%-21.2pp	-5.7%+5.0pp	-10.7%-2.9pp	-7.8%-5.2pp	-2.6%+0.8pp	-3.4%
Current Ratio	2.13+0.4x	1.70-0.3x	2.02+0.3x	1.76+0.1x	1.69-0.1x	1.75-0.3x	2.01+0.1x	1.92
Debt-to-Equity	0.86-0.5x	1.33+0.4x	0.94+0.2x	0.77-0.1x	0.870.0x	0.84+0.2x	0.65-0.1x	0.70
FCF Margin	6057.1%	-2038.9%	-2.1%+6.3pp	-8.4%	-5028.4%	-6139.7%	0.0%+2.7pp	-2.8%

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Where Aterian Inc Ranks

Frequently Asked Questions

What is Aterian Inc's annual revenue?

Aterian Inc (ATER) reported $69.0M in total revenue for fiscal year 2025. This represents a -30.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Aterian Inc's revenue growing?

Aterian Inc (ATER) revenue declined by 30.4% year-over-year, from $99.0M to $69.0M in fiscal year 2025.

Is Aterian Inc profitable?

No, Aterian Inc (ATER) reported a net income of -$19.0M in fiscal year 2025, with a net profit margin of -27.5%.

What is Aterian Inc's EBITDA?

Aterian Inc (ATER) had EBITDA of -$16.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Aterian Inc's gross margin?

Aterian Inc (ATER) had a gross margin of 56.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Aterian Inc's operating margin?

Aterian Inc (ATER) had an operating margin of -26.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Aterian Inc's net profit margin?

Aterian Inc (ATER) had a net profit margin of -27.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Aterian Inc's return on equity (ROE)?

Aterian Inc (ATER) has a return on equity of -124.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Aterian Inc's free cash flow?

Aterian Inc (ATER) recorded an outflow of $10.9M in free cash flow during fiscal year 2025. This represents a -615.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Aterian Inc's operating cash flow?

Aterian Inc (ATER) recorded an outflow of $10.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Aterian Inc's total assets?

Aterian Inc (ATER) had $29.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Aterian Inc's capital expenditures?

Aterian Inc (ATER) invested $51K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Aterian Inc have outstanding?

Aterian Inc (ATER) had 10M shares outstanding as of fiscal year 2025.

What is Aterian Inc's current ratio?

Aterian Inc (ATER) had a current ratio of 2.02 as of fiscal year 2025, which is generally considered healthy.

What is Aterian Inc's debt-to-equity ratio?

Aterian Inc (ATER) had a debt-to-equity ratio of 0.94 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Aterian Inc's return on assets (ROA)?

Aterian Inc (ATER) had a return on assets of -64.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Aterian Inc's cash runway?

Based on fiscal year 2025 data, Aterian Inc (ATER) had $4.9M in cash against an annual operating cash burn of $10.9M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Aterian Inc's Altman Z-Score?

Aterian Inc (ATER) has an Altman Z-Score of -33.36, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Aterian Inc's Piotroski F-Score?

Aterian Inc (ATER) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Aterian Inc's earnings high quality?

Aterian Inc (ATER) reported a net loss of $19.0M while operations used $10.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Aterian Inc cover its interest payments?

Aterian Inc (ATER) reported an operating loss of $18.0M against $957K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Aterian Inc?

Aterian Inc (ATER) scores 30 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.