Aterian, Inc. (ATER) Balance Sheet
ATER balance sheet, 2025
December 31, 2025 · U.S. dollars$29.6M assets = $14.4M liabilities + $15.2M equity
Both columns are drawn to the same scale: what ATER owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ATER financial health
Descriptive bands, not a rating. Fiscal 2025.
ATER balance sheet trends, 2017–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $31.2M2017 | $29.6M2025 | −0.7%/yr | |
| Total liabilities | $23.0M2017 | $14.4M2025 | −5.7%/yr | |
| Shareholders’ equity | $8.2M2017 | $15.2M2025 | +8.1%/yr | |
| Cash & short-term investments | $5.3M2017 | $4.9M2025 | −1.1%/yr | |
| Total debt | $10.3M2017 | $4.6M2025 | −9.5%/yr | |
| Net cash (debt) | −$5.0M2017 | $230,0002025 | +$5.2M | |
| Working capital | $12.0M2017 | $9.9M2025 | −$2.1M | |
| Current ratio | 1.662017 | 1.702025 | +0.04 | |
| Debt / equity | 1.262017 | 0.302025 | −0.95 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ATER assets
ATER liabilities and equity
ATER debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ATER balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $4.9M | $18.0M | $22.1M | $43.6M | $30.3M | $26.7M | $30.4M | $20.0M | $5.3M |
| Cash & equivalents | $4.9M | $18.0M | $22.1M | $43.6M | $30.3M | $26.7M | $30.4M | $20.0M | $5.3M |
| Receivables | $2.5M | $3.8M | $4.2M | $4.5M | $10.5M | $5.7M | $1.1M | $1.4M | $1.3M |
| Inventory | $13.8M | $13.7M | $20.4M | $43.7M | $63.0M | $31.6M | $36.2M | $30.6M | $20.6M |
| Other current assets | $3.0M | $3.2M | $3.0M | $8.3M | $21.0M | $11.1M | $5.4M | $5.4M | $3.0M |
| Total current assets | $24.1M | $38.7M | $49.6M | $100.0M | $124.9M | $75.2M | $73.0M | $57.4M | $30.2M |
| Property, plant & equipment (net) | $729,000 | $685,000 | $775,000 | $853,000 | $1.3M | $169,000 | $175,000 | $268,000 | $494,000 |
| Goodwill & intangible assets | $4.4M | $9.8M | $11.3M | $54.8M | $184.9M | $78.8M | $1.1M | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $389,000 | $381,000 | $138,000 | $813,000 | $2.5M | $3.3M | $175,000 | $337,000 | $452,000 |
| Total assets | $29.6M | $49.5M | $61.9M | $156.4M | $313.6M | $157.5M | $74.4M | $58.0M | $31.2M |
| Liabilities | |||||||||
| Accounts payable | $3.1M | $3.1M | $4.2M | $16.0M | $21.7M | $14.9M | $21.1M | $15.4M | $8.0M |
| Short-term debt | $4.6M | $7.4M | $12.1M | $22.7M | $40.4M | $50.0M | $24.7M | $14.5M | $5.5M |
| Deferred revenue | — | — | — | — | $14.8M | $8.3M | $507,000 | $707,000 | $405,000 |
| Total current liabilities | $14.1M | $19.3M | $25.4M | $53.0M | $83.7M | $74.7M | $53.2M | $39.6M | $18.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $36.5M | $10.5M | $13.0M | $4.7M |
| Other long-term liabilities | $225,000 | $227,000 | $391,000 | $1.5M | $5.6M | $22.9M | $4,000 | $26,000 | $87,000 |
| Total liabilities | $14.4M | $19.5M | $25.8M | $54.5M | $89.3M | $134.1M | $63.7M | $52.6M | $23.0M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $9,000 | $9,000 | $9,000 | $8,000 | $5,000 | $3,000 | $2,000 | $1,000 | $1,000 |
| Retained earnings (deficit) | −$730.7M | −$711.7M | −$699.8M | −$625.3M | −$429.0M | −$192.9M | −$129.8M | −$71.0M | −$39.2M |
| Accumulated other comprehensive income | −$552,000 | −$906,000 | −$838,000 | −$1.1M | −$468,000 | $9,000 | $57,000 | $40,000 | −$43,000 |
| Total shareholders' equity | $15.2M | $30.0M | $36.0M | $102.0M | $224.2M | $23.4M | $10.7M | $5.4M | $8.2M |
| Key figures | |||||||||
| Total debt | $4.6M | $7.4M | $12.1M | $22.7M | $40.4M | $86.5M | $35.1M | $27.5M | $10.3M |
| Net cash (debt) | $230,000 | $10.6M | $9.9M | $20.8M | −$10.1M | −$59.8M | −$4.8M | −$7.5M | −$5.0M |
| Working capital | $9.9M | $19.4M | $24.2M | $47.0M | $41.1M | $426,000 | $19.8M | $17.8M | $12.0M |
| Tangible book value | $10.8M | $20.3M | $24.7M | $47.2M | $39.3M | −$55.4M | $9.7M | $5.4M | $8.2M |
| Book value per share | — | — | $0.46 | — | — | — | — | — | — |
| Shares outstanding | — | — | 78.2M | — | — | — | — | — | — |
| Current ratio | 1.70 | 2.01 | 1.95 | 1.89 | 1.49 | 1.01 | 1.37 | 1.45 | 1.66 |
| Quick ratio | 0.52 | 1.13 | 1.03 | 0.91 | 0.49 | 0.43 | 0.59 | 0.54 | 0.36 |
| Debt / equity | 0.30 | 0.25 | 0.34 | 0.22 | 0.18 | 3.70 | 3.27 | 5.12 | 1.26 |
| Equity / assets | 51.4% | 60.6% | 58.2% | 65.2% | 71.5% | 14.9% | 14.4% | 9.3% | 26.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $2.5M | $2.3M | $4.9M | $8.6M | $10.5M | $14.3M | $18.0M | $16.1M | $20.3M | $17.5M | $20.0M | $28.0M |
| Cash & equivalents | $2.5M | $2.3M | $4.9M | $8.6M | $10.5M | $14.3M | $18.0M | $16.1M | $20.3M | $17.5M | $20.0M | $28.0M |
| Receivables | $0 | $1,000 | $2.5M | $2.5M | $3.0M | $3.4M | $3.8M | $3.3M | $3.8M | $2.4M | $4.2M | $3.3M |
| Inventory | $49,000 | $52,000 | $13.8M | $17.2M | $18.5M | $18.1M | $13.7M | $16.6M | $18.4M | $18.5M | $20.4M | $31.5M |
| Other current assets | $20.7M | $18.8M | $3.0M | $2.2M | $3.3M | $3.5M | $3.2M | $5.0M | $5.7M | $5.1M | $5.0M | $6.0M |
| Total current assets | $23.3M | $21.2M | $24.1M | $30.4M | $35.3M | $39.4M | $38.7M | $40.9M | $48.2M | $43.6M | $49.6M | $68.7M |
| Property, plant & equipment (net) | $0 | $646,000 | $729,000 | $735,000 | $720,000 | $689,000 | $685,000 | $749,000 | $730,000 | $748,000 | $775,000 | $792,000 |
| Goodwill & intangible assets | $0 | $0 | $4.4M | $8.6M | $9.0M | $9.4M | $9.8M | $10.1M | $10.5M | $11.0M | $11.3M | $12.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $255,000 | $379,000 | $389,000 | $403,000 | $416,000 | $379,000 | $381,000 | $383,000 | $384,000 | $386,000 | $138,000 | $541,000 |
| Total assets | $23.5M | $22.2M | $29.6M | $40.1M | $45.4M | $49.8M | $49.5M | $52.1M | $59.9M | $55.7M | $61.9M | $82.0M |
| Liabilities | ||||||||||||
| Accounts payable | $2.8M | $944,000 | $3.1M | $4.6M | $6.1M | $6.2M | $3.1M | $5.6M | $8.8M | $4.1M | $4.2M | $12.5M |
| Short-term debt | $38,000 | $2.9M | $4.6M | $6.6M | $7.6M | $8.0M | $7.4M | $7.2M | $10.3M | $10.3M | $12.1M | $15.4M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | — | $9.7M |
| Total current liabilities | $10.9M | $12.5M | $14.1M | $17.3M | $20.9M | $22.6M | $19.3M | $21.3M | $28.7M | $22.3M | $25.4M | $38.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $216,000 | $225,000 | $228,999 | $242,000 | $229,000 | $227,000 | $249,000 | $277,000 | $378,000 | $391,000 | $1.5M |
| Total liabilities | $10.9M | $12.7M | $14.4M | $17.5M | $21.1M | $22.8M | $19.5M | $21.5M | $29.0M | $22.7M | $25.8M | $40.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 |
| Retained earnings (deficit) | −$737.3M | −$736.8M | −$730.7M | −$722.7M | −$720.4M | −$715.6M | −$711.7M | −$710.4M | −$708.6M | −$705.0M | −$699.8M | −$692.1M |
| Accumulated other comprehensive income | −$610,000 | −$621,000 | −$552,000 | −$526,000 | −$423,000 | −$771,000 | −$906,000 | −$487,000 | −$867,000 | −$887,000 | −$838,000 | −$1.1M |
| Total shareholders' equity | $12.6M | $9.5M | $15.2M | $22.6M | $24.3M | $27.0M | $30.0M | $30.6M | $30.9M | $33.0M | $36.0M | $41.9M |
| Key figures | ||||||||||||
| Total debt | $38,000 | $2.9M | $4.6M | $6.6M | $7.6M | $8.0M | $7.4M | $7.2M | $10.3M | $10.3M | $12.1M | $15.4M |
| Net cash (debt) | $2.5M | −$577,000 | $230,000 | $2.0M | $2.9M | $6.4M | $10.6M | $8.9M | $10.1M | $7.2M | $7.9M | $12.6M |
| Working capital | $12.4M | $8.7M | $9.9M | $13.1M | $14.4M | $16.8M | $19.4M | $19.6M | $19.5M | $21.2M | $24.2M | $30.1M |
| Tangible book value | $12.6M | $9.5M | $10.8M | $14.1M | $15.3M | $17.7M | $20.3M | $20.5M | $20.3M | $22.0M | $24.7M | $29.9M |
| Book value per share | — | — | — | — | — | — | — | — | — | — | $0.45 | — |
| Shares outstanding | — | — | — | — | — | — | — | — | — | — | 79.3M | — |
| Current ratio | 2.13 | 1.70 | 1.70 | 1.76 | 1.69 | 1.75 | 2.01 | 1.92 | 1.68 | 1.95 | 1.95 | 1.78 |
| Quick ratio | 0.23 | 0.19 | 0.52 | 0.64 | 0.65 | 0.79 | 1.13 | 0.91 | 0.84 | 0.89 | 0.95 | 0.81 |
| Debt / equity | 0.00 | 0.30 | 0.30 | 0.29 | 0.31 | 0.30 | 0.25 | 0.24 | 0.33 | 0.31 | 0.34 | 0.37 |
| Equity / assets | 53.6% | 42.9% | 51.4% | 56.4% | 53.5% | 54.3% | 60.6% | 58.7% | 51.6% | 59.2% | 58.2% | 51.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 23, 2026); data from EODHD.
ATER financial position
At the end of fiscal 2025 (December 31, 2025), Aterian had total assets of $29.6 million (down 40.3% from a year earlier), total liabilities of $14.4 million and shareholders' equity of $15.2 million. It held $4.9 million in cash and short-term investments against $4.6 million of debt, a net cash position of $0.2 million. Its current ratio was 1.70. In the latest quarter (ended June 30, 2026) total assets were $23.5 million and equity $12.6 million.
Related: ATER income statement, ATER cash flow statement, ATER key metrics. See the ATER stock overview for the latest quote and news.
ATER balance sheet FAQ
What are Aterian's total assets?
Aterian reported total assets of $29.6 million at the end of fiscal 2025 (December 31, 2025), compared with $49.5 million a year earlier.
How much debt does Aterian have?
Aterian had $4.6 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.30.
How much cash does Aterian have?
Aterian held $4.9 million in cash and short-term investments at the end of fiscal 2025; with $4.6 million of debt that is net cash of $0.2 million.
What is Aterian's book value?
Aterian's shareholders' equity (book value) was $15.2 million at the end of fiscal 2025.
What is Aterian's current ratio?
Aterian had current assets of $24.1 million and current liabilities of $14.1 million, a current ratio of 1.70 (it can cover its short-term obligations).
How much goodwill does Aterian have?
Aterian carried $4.4 million of goodwill and intangible assets, 14.8% of total assets, at the end of fiscal 2025.