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Aterian, Inc.

ATER Consumer Cyclical Furnishings Fixtures & Appliances

Aterian, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $69.0 million, down 30.4% from fiscal 2024.

Revenue
−100.0%
EPS
+92.1%
Free cash flow
+109.6%
Total debt
−89.6%

Quarter to June 2026, against a year earlier

0.79 0.03 +3.95%
Market cap
$196.7M
P/E
0.0×
Fwd P/E
−0.4×
Dividend yield
—
F-score
2/9
Altman Z
−33.64
Beneish M
−4.23
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 196.72
Revenue ttm 34.18
Net income ttm (16.85)
Free cash flow ttm (2.60)
Net debt Q (2.51)
Valuation
P/E 0.00
Forward P/E (0.42) (negative: loss-making)
Price / sales 0.21
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.57
Financial health
Current ratio Q 2.13 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (22.88)
Growth
Revenue growth Q −99.96% (below 0%: shrinking)
Operating income growth Q −10.65% (below 0%: shrinking)
EPS, this year −35.12% (below 0%: weak)
EPS, next year A +12.78%
Revenue, next year A +8.89%
EPS, past 5 yrs —
EPS, next 5 yrs A +48.25% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 0.5×; over the ten years it ranged from 0.1× in 2023 to 4.1× in 2021.
P/S against its own 10 years 44.20%
10-year low 10-year high
P/B against its own 10 years 28.78%
10-year low 10-year high
EV/Sales against its own 10 years 84.99%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 20 18 5 3
Receivables 4 4 2 —
Inventory 20 14 14 0
Other — — — 18
50 39 24 23
2023 2024 2025 Q'26
Payables 4 3 3 3
ST’ Debt 1 0 0 0
Other — — — 4
25 19 14 11

Compound Annual Growth %

10y 5y 3y
Sales — (17.97%) (32.19%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — (8.24%) (46.96%)

Earnings Trends EPS, adjusted, against the consensus

Q4 FY23 Estimate −1.20 Actual −1.20

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY23 −1.44 −1.44 Met by 0.00
Q2 FY23 −1.56 −2.64 Miss by 1.08
Q3 FY23 −1.44 −0.96 Beat by 0.48
Q4 FY23 −1.20 −1.20 Met by 0.00

EPS $

Mar Jun Sep Dec Year
’26 (0.69) (0.05) — — —
’25 (0.52) (0.63) (0.28) (0.97) (2.39)
’24 (0.76) (0.52) (0.25) (0.18) (1.68)
’23 (4.08) (5.40) (0.96) (1.20) (11.40)
’22 (9.36) (3.12) (21.73) (3.24) (35.41)
’21 (37.81) (14.77) (37.57) (1.32) (79.59)
’20 (11.88) (2.28) (0.60) (25.45) (44.18)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 0 0 — — —
’25 15 19 19 15 69
’24 20 28 26 25 99
’23 35 35 40 33 143
’22 42 58 66 55 221
’21 48 68 68 63 248
’20 26 60 59 41 186
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 0 0 — — —
’25 (4) (4) (2) (1) (11)
’24 0 3 (1) 0 2
’23 (7) (1) 0 (5) (13)
’22 (13) (9) 3 2 (17)
’21 (8) (24) (8) (2) (42)
’20 (17) 8 17 (2) 6
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 0 0 — — —
’25 (4) (4) (2) (1) (11)
’24 0 3 (1) 0 2
’23 (7) (1) 0 (5) (14)
’22 (13) (9) 3 2 (18)
’21 (24) (43) (8) (2) (76)
’20 (17) 8 2 (13) (19)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — 36 73 114 186 248 221 143 99 69 34 +8.3% 75 80 — +7.9%
Gross margin, % — 37.52 35.46 39.35 45.63 49.18 47.71 49.30 62.09 56.76 114.31 +19.2 pt
EBT — (23) (32) (59) (63) (235) (197) (75) (12) (19) (19) (2.4%)
EBT margin, % — (63.16) (43.35) (51.34) (33.97) (95.05) (88.92) (52.91) (12.02) (27.46) (56.05) +35.7 pt
Net income — 0 (32) (59) (63) (236) (196) (75) (12) (19) (17) n/m
Per share, $
Per share, $ Revenue — 2.02 86.58 101.64 129.85 84.07 39.91 21.85 14.01 8.69 3.73 +20.0%
Earnings — (1.28) (37.60) (52.21) (44.18) (79.59) (35.41) (11.40) (1.68) (2.39) (1.99) +8.1%
Cash flow — (1.59) (35.85) (22.38) 4.26 (14.24) (3.15) (2.05) 0.31 (1.37) (0.28) (1.8%)
Capex — 0.00 (0.03) (1.14) (17.54) (11.65) (0.01) (0.02) (0.01) (0.01) (0.01) n/m
Free cash flow — (1.59) (35.88) (23.52) (13.28) (25.89) (3.17) (2.07) 0.30 (1.38) (0.28) (1.8%)
Book value — 0.45 6.34 9.53 16.35 76.08 18.40 5.52 4.25 1.92 1.38 +19.8%
Shares, m — 18 1 1 1 3 6 7 7 8 9 (9.8%)
Valuation, ×
Valuation, × P/E — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — 0.00 0.00 0.70 1.59 0.83 0.25 0.19 0.17 0.08 0.21 0.4
P/B — 21.47 21.47 7.42 12.63 0.92 0.54 0.76 0.57 0.37 0.57 7.3
EV/Sales — 0.00 0.00 0.55 1.85 0.84 0.18 0.24 0.25 0.38 0.88 0.5
EV/FCF — (2.56) (2.56) (2.37) (18.05) (2.74) (2.21) (2.50) 11.72 (2.42) (11.63) (2.6)
Cash, $m
Cash, $m Operating cash flow — (29) (30) (25) 6 (42) (17) (13) 2 (11) (3) (11.4%)
Capex — 0 0 (1) (25) (34) 0 0 0 0 0 (10.6%)
Free cash flow — (29) (30) (26) (19) (76) (18) (14) 2 (11) (3) (11.4%)
Balance, $m
Balance, $m Working capital — 12 18 20 0 41 47 24 19 10 12 (2.3%)
Net debt — 5 7 (17) 48 (23) (42) (19) (18) (4) (3) n/m
Shareholders’ equity — 8 5 11 23 224 102 36 30 15 13 +8.1%
Returns, %
Returns, % ROA — (51.73) (109.72) (88.78) (54.45) (100.22) (83.53) (68.31) (21.29) (48.00) (48.88) +3.7 pt
ROIC — 0.00 (143.25) 0.00 (30.60) (10.57) (185.36) (279.17) (59.19) (104.78) (112.68) (104.8) pt
ROE — (341.15) (470.65) (730.48) (370.14) (190.64) (120.36) (108.08) (35.92) (83.95) (91.31) +257.2 pt
People
People Employees — — 53 61 121 156 178 114 97 74 — +4.9%
Revenue/emp, $m — 0.00 1.38 1.88 1.53 1.59 1.24 1.25 1.02 0.93 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Aterian, Inc. vs peers in Furnishings Fixtures & Appliances (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FLXS Flexsteel Industries, Inc. $306.5M 11.1× 13.7× +0.66% (above 0%: growing) +38.92% (above 0%: growing) +25.56% (above 0%: growing) 30.01% 14.17% Compare
LOVE The Lovesac Company $235.5M 13.4× 14.7× +0.45% (above 0%: growing) n/m +122.14% (above 0%: growing) 68.39% 6.79% Compare
ATER Aterian, Inc. $196.7M — (loss-making) — (loss-making) −99.96% (below 0%: shrinking) n/m +109.58% (above 0%: growing) 14.29% (56,557.14%)
BSET Bassett Furniture Industries, Incorporated $194.7M 28.5× 22.2× +3.41% (above 0%: growing) +166.67% (above 0%: growing) +169.50% (above 0%: growing) 57.48% 3.36% Compare
LCUT Lifetime Brands, Inc. $194.5M 5.8× 7.9× +7.36% (above 0%: growing) n/m +33.56% (above 0%: growing) 65.86% 22.34% Compare
HOFT Hooker Furnishings Corp. $153.4M — (loss-making) 20.9× −8.66% (below 0%: shrinking) n/m +933.87% (above 0%: growing) 31.78% 2.03% Compare
COOK Traeger, Inc. $148.1M — (loss-making) — (loss-making) −17.40% (below 0%: shrinking) n/m +70.43% (above 0%: growing) 39.46% (1.42%) Compare
VIRC Virco Manufacturing Corporation $97.7M — (loss-making) 34.4× −5.02% (below 0%: shrinking) −15.38% (below 0%: shrinking) +224.00% (above 0%: growing) 40.03% 12.06% Compare
KEQU Kewaunee Scientific Corporation $96.8M 11.7× — (loss-making) −6.73% (below 0%: shrinking) −45.37% (below 0%: shrinking) −76.02% (below 0%: shrinking) 29.61% 4.76% Compare
Median of peers $174.0M 11.7× 17.8× −2.29% +11.77% +96.29% 39.74% 5.78%

All 30 Furnishings Fixtures & Appliances stocks →

Pay and ownership Proxy statement filed 25 June 2025

Ownership

Directors and executive officers, together 19.50%
Armistice Capital Master Fund Ltd. 10.57%
Arturo Rodriguez 9.80%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Aterian, Inc. (ATER) Latest News

13 Jul

Impact 3 ·

8 Jul

Impact 4 ·

7 May

Impact 4 · · Insider Monkey

28 Apr

Impact 4 · · InvestorsHub
Impact 4 ·

23 Mar

Impact 4 · · GlobeNewswire

8 Dec

Impact 4 · · GlobeNewswire

19 Nov

Impact 4 · · Business Wire

14 Nov

Impact 3 · · GuruFocus.comGuruFocus.comGuruFocus.comGuruFocus.com

13 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · Associated Press Finance
Impact 3 · · GlobeNewswire

29 Oct

Impact 3 · · GlobeNewswire

23 Oct

Impact 3 · · GlobeNewswireWWDWWDStackerWWDRetail DiveInsider Monkey

14 Oct

Impact 3 · · GlobeNewswireMT NewswiresUSA TODAY

6 Oct

Impact 3 · · GlobeNewswire

10 Sep

Impact 4 · · GlobeNewswire

3 Sep

Impact 3 ·

20 Aug

Impact 3 ·

15 Aug

Impact 3 ·

14 Aug

Impact 3 · · GuruFocus.com

13 Aug

Impact 3 · · Associated Press Finance
Impact 3 · · GlobeNewswire

4 Aug

Impact 3 · · PR Newswire

7 Jul

Impact 3 ·

25 Jun

Impact 4 · · GlobeNewswire

18 Jun

Impact 4 · · GlobeNewswire

11 Jun

Impact 3 ·

15 May

Impact 4 · · GuruFocus.com

14 May

Impact 4 · · GlobeNewswire
stockrow.com/ATER · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com