ATERNasdaqElectric Housewares & FansFiscal year ends December 31
Aterian, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$0.55−0.01 (-1.25%)
Close on Oct 19, 2026
- Market cap
- $5.07M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
56.8%+11.1 pts over 5 years
Operating margin
-26.1%−7.3 pts over 5 years
Net margin
-27.5%+6.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -30.4% | -32.2% | -18.0% | – | |
| Gross profit | -36.3% | -28.1% | -14.3% | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -370.1% | -83.9% | |
| Return on assets | – | -54.4% | -48.0% | |
| Current ratio | – | 1.01 | 2.02 | |
| Interest coverage | – | -6.9× | -18.8× | |
| Inventory turnover | – | 3.0× | 4.3× | |
| Capex to revenue | – | 0.0% | 0.1% | |
| Diluted shares | – | 1M | 8M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Aterian generated $85.89M from operations and spent $326.00K on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$85.89M
Used
$326.00K
Capital expenditure$326.00K100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-27.5%
×Asset turnover1.74×
×Equity multiplier1.75×
=Return on equity, FY2025-83.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -27.5% | 1.74× | 1.75× | -83.9% |
| FY2024 | -12.0% | 1.78× | 1.69× | -35.9% |
| FY2023 | -52.3% | 1.31× | 1.58× | -108.1% |
| FY2022 | -88.8% | 0.94× | 1.44× | -120.4% |
| FY2021 | -95.3% | 1.05× | 1.90× | -190.6% |
| FY2020 | -34.0% | 1.60× | 6.80× | -370.1% |
| FY2019 | -51.4% | 1.73× | 8.23× | -730.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$18.98M
- Cash generatingOperating cash flow above zero-$10.90M
- Return on assets improvedROA up on the prior year-19.2% → -38.3%
- Earnings backed by cashOperating cash flow above net income-$10.90M vs -$18.98M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.01 → 2.02
- No dilutionShare count did not rise7M → 8M
- Gross margin improvedGross margin up on the prior year62.09% → 56.76%
- More efficientAsset turnover rose1.60 → 1.39