Aterian, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $69.0M | $99.0M | $142.6M | $221.2M | $247.8M |
| Cost of revenue | $29.8M | $37.5M | $72.3M | $115.7M | $125.9M |
| Gross profit | $39.1M | $61.5M | $70.3M | $105.5M | $121.9M |
| Research and development | — | $0 | $4.6M | $6.0M | $9.8M |
| Operating expenses | $57.1M | $73.3M | $146.5M | $283.7M | $155.9M |
| Operating income | -$18.0M | -$11.8M | -$76.2M | -$178.2M | -$34.1M |
| Interest expense | $957,000 | $1.2M | $2.1M | $2.7M | $13.2M |
| Pretax income | -$18.9M | -$11.9M | -$75.4M | -$196.7M | -$235.5M |
| Income tax expense | $41,000 | -$47,000 | -$867,000 | -$376,000 | $532,000 |
| Net income | -$19.0M | -$11.9M | -$74.6M | -$196.3M | -$236.0M |
| Balance Sheet | |||||
| Cash and equivalents | $4.9M | $18.0M | $20.0M | $43.6M | $30.3M |
| Current assets | $24.1M | $38.7M | $49.6M | $100.0M | $124.9M |
| Total assets | $29.6M | $49.5M | $61.9M | $156.4M | $313.6M |
| Current liabilities | $14.1M | $19.3M | $25.4M | $53.0M | $83.7M |
| Total liabilities | $14.4M | $19.5M | $25.8M | $54.5M | $89.3M |
| Stockholders' equity | $15.2M | $30.0M | $36.0M | $102.0M | $224.2M |
| Cash Flow Statement | |||||
| Cash from operations | -$10.9M | $2.2M | -$13.4M | -$17.5M | -$42.0M |
| Depreciation and amortization | $1.6M | $1.7M | $3.9M | $7.5M | $200,000 |
| Stock-based compensation | $2.2M | $7.5M | $8.3M | $14.6M | $29.0M |
| Capital expenditure | $51,000 | $42,000 | $119,000 | $82,000 | $32,000 |
| Free cash flow | -$10.9M | $2.1M | -$13.5M | -$17.6M | -$42.0M |
| Impairments | $3.8M | $0 | $0 | $120.4M | $0 |
Shares outstanding 10.8M · Free float 68.2%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.