Aterian, Inc.
ATER Consumer Cyclical Furnishings Fixtures & Appliances
In the quarter to June 2026, revenue fell 92.1%, EPS grew 92.1%, free cash flow grew 109.6% and total debt fell 89.6%, each against the same quarter a year earlier.
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Aterian, Inc. (ATER) Piotroski F-score
Aterian, Inc.'s Piotroski F-score for fiscal 2025 is 2 out of 9: 2 of nine tests of profitability, leverage and efficiency passed, down from 7 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 2 | (5.00) |
| FY2024 | 7 | 1.00 |
| FY2023 | 6 | 2.00 |
| FY2022 | 4 | 0.00 |
| FY2021 | 4 | 0.00 |
| FY2020 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (48.00%) | (21.29%) | Fail | 0 |
| Positive operating cash flow | (10.89m) | 2.17m | Fail | 0 |
| Rising return on assets | (48.00%) | (21.29%) | Fail | 0 |
| Cash flow above net income | 8.09m | 14.03m | Pass | 1 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 1.70 | 2.01 | Fail | 0 |
| No new shares issued | 7,932,900 | 7,069,400 | Fail | 0 |
| Rising gross margin | 56.76% | 62.09% | Fail | 0 |
| Rising asset turnover | 1.74 | 1.78 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 2 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| FLXS Flexsteel Industries, Inc. compare | 8 |
| BSET Bassett Furniture Industries, Incorporated compare | 8 |
| LOVE The Lovesac Company compare | 6 |
| KEQU Kewaunee Scientific Corporation compare | 5 |
| HOFT Hooker Furnishings Corp. compare | 5 |
| COOK Traeger, Inc. compare | 4 |
| VIRC Virco Manufacturing Corporation compare | 4 |
| LCUT Lifetime Brands, Inc. compare | 4 |
| ATER Aterian, Inc. | 2 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover