Aterian, Inc. (ATER) Income Statement
ATER 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsATER revenue and net income
Where ATER's revenue goes
2025Each bar shows an amount and its share of revenue. ATER kept −27.5% of revenue as net income.
ATER profit margins
ATER growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −30.4% | −32.2% | −18.0% | — |
| Gross profit | −36.3% | −28.1% | −14.3% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ATER quarterly EPS vs estimates
Aterian beat the analyst EPS estimate in 3 of the last 5 quarters. Next report: November 12, 2026 (estimate $-0.16).
ATER income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $69.0M | $99.0M | $142.6M | $221.2M | $247.8M | $185.7M | $114.5M | $73.3M | $36.5M |
| Cost of revenue | $29.8M | $37.5M | $72.3M | $115.7M | $125.9M | $101.0M | $69.4M | $47.3M | $22.8M |
| Gross profit | $39.1M | $61.5M | $70.3M | $105.5M | $121.9M | $84.7M | $45.0M | $26.0M | $13.7M |
| Research & development | — | $0 | $4.6M | $6.0M | $9.8M | $8.1M | $10.7M | $3.7M | $3.7M |
| Sales, general & admin | $11.8M | $73.3M | $102.1M | $159.4M | $43.8M | $98.6M | $88.7M | $51.8M | $32.6M |
| Total operating expenses | $51.4M | $73.3M | $146.5M | $283.7M | $155.9M | $119.5M | $99.4M | $55.4M | $36.3M |
| Operating income | −$12.2M | −$11.8M | −$76.2M | −$178.2M | −$34.1M | −$34.8M | −$54.3M | −$29.4M | −$22.6M |
| Interest income | $106,000 | $269,000 | $640,000 | $93,000 | $595,000 | $59,000 | $146,000 | $1,000 | $1,000 |
| Interest expense | $957,000 | $1.2M | $2.1M | $2.7M | $13.2M | $5.0M | $4.5M | $2.4M | $413,000 |
| Income before taxes | −$18.9M | −$11.9M | −$75.4M | −$196.7M | −$235.5M | −$63.1M | −$58.8M | −$31.8M | −$23.0M |
| Income taxes | $41,000 | −$47,000 | −$867,000 | −$376,000 | $532,000 | $48,000 | $29,000 | $55,000 | $38,000 |
| Net income | −$19.0M | −$11.9M | −$74.6M | −$196.3M | −$236.0M | −$63.1M | −$58.8M | −$31.8M | −$23.1M |
| EBITDA | −$16.4M | −$9.0M | −$69.4M | −$186.5M | −$214.9M | −$57.5M | −$54.0M | −$29.2M | −$22.4M |
| EPS (diluted) | −$2.22 | −$1.79 | −$7.30 | −$5.12 | −$8.69 | $3.76 | −$27.16 | −$1.81 | −$15.31 |
| Gross margin | 56.8% | 62.1% | 49.3% | 47.7% | 49.2% | 45.6% | 39.4% | 35.5% | 37.5% |
| Operating margin | −17.8% | −11.9% | −53.4% | −80.6% | −13.8% | −18.7% | −47.5% | −40.2% | −62.0% |
| Net margin | −27.5% | −12.0% | −52.3% | −88.8% | −95.3% | −34.0% | −51.4% | −43.4% | −63.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7,000 | $18,000 | $15.1M | $19.0M | $19.5M | $15.4M | $24.6M | $26.2M | $28.0M | $20.2M | $32.8M | $39.7M |
| Cost of revenue | $6,000 | $13,000 | $6.6M | $8.3M | $8.9M | $5.9M | $9.0M | $10.4M | $11.1M | $7.0M | $16.0M | $20.1M |
| Gross profit | $1,000 | $5,000 | $8.5M | $10.7M | $10.6M | $9.4M | $15.6M | $15.8M | $16.9M | $13.2M | $16.7M | $19.6M |
| Research & development | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $808,000 | $852,000 |
| Sales, general & admin | $4.0M | $2.9M | $2.8M | $12.7M | $15.1M | $13.1M | $17.2M | $17.6M | $20.1M | $18.4M | $23.9M | $25.2M |
| Total operating expenses | $4.0M | $2.9M | $10.5M | $12.7M | $15.1M | $13.1M | $17.2M | $17.6M | $20.1M | $18.4M | $25.0M | $26.1M |
| Operating income | −$4.0M | −$2.9M | −$2.0M | −$2.0M | −$4.5M | −$3.7M | −$1.6M | −$1.7M | −$3.2M | −$5.3M | −$8.2M | −$6.5M |
| Interest income | $141,000 | $8,000 | $13,000 | $16,000 | $31,000 | $46,000 | $49,000 | $83,000 | $68,000 | $70,000 | $157,000 | $128,000 |
| Interest expense | $173,000 | $234,000 | $208,000 | $275,000 | $253,000 | $221,000 | $257,000 | $272,000 | $296,000 | $393,000 | $502,000 | $487,000 |
| Income before taxes | −$4.0M | −$3.4M | −$8.0M | −$2.3M | −$4.8M | −$3.9M | −$1.4M | −$2.0M | −$3.4M | −$5.1M | −$8.7M | −$6.2M |
| Income taxes | −$3.5M | $2.7M | −$9,000 | $19,000 | $11,000 | $20,000 | −$113,000 | −$210,000 | $205,000 | $71,000 | −$1.0M | $90,000 |
| Net income | −$491,000 | −$6.1M | −$7.9M | −$2.3M | −$4.9M | −$3.9M | −$1.3M | −$1.8M | −$3.6M | −$5.2M | −$7.7M | −$6.3M |
| EBITDA | −$3.8M | −$3.2M | −$1.6M | −$1.6M | −$4.2M | −$3.2M | −$744,000 | −$1.3M | −$2.7M | −$4.3M | −$7.7M | −$5.2M |
| EPS (diluted) | −$0.43 | −$0.69 | −$0.79 | −$0.28 | −$0.63 | −$0.52 | −$0.20 | −$0.27 | −$0.57 | −$0.75 | −$0.10 | −$0.79 |
| Gross margin | 14.3% | 27.8% | 56.1% | 56.1% | 54.3% | 61.4% | 63.4% | 60.3% | 60.4% | 65.1% | 51.0% | 49.4% |
| Operating margin | −56,557.1% | −16,161.1% | −13.5% | −10.7% | −23.1% | −24.1% | −6.6% | −6.6% | −11.5% | −26.1% | −25.2% | −16.4% |
| Net margin | −7,014.3% | −34,066.7% | −52.5% | −12.0% | −25.0% | −25.4% | −5.3% | −6.8% | −13.0% | −25.5% | −23.5% | −15.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ATER's financial statements (latest annual report filed March 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ATER financial results
In fiscal year 2025 (ended December 31, 2025), Aterian reported revenue of $69.0 million, down 30.4% from the year before. It had a net loss of $19.0 million, a net profit margin of −27.5%. Diluted earnings per share came to −$2.22. Over five years revenue grew at an average rate of −18.0% a year.
See the ATER stock overview for the latest quote and news, or the ATER chart for price history and technical indicators.
ATER income statement FAQ
What is Aterian's annual revenue?
Aterian reported total revenue of $69.0 million for fiscal year 2025, which ended on December 31, 2025. That was down 30.4% from $99.0 million the previous year.
Is Aterian profitable?
No. Aterian reported a net loss of $19.0 million in fiscal 2025, a net profit margin of −27.5%; its operating margin was −17.8%.
What is Aterian's gross margin?
Aterian's gross margin was 56.8% in fiscal 2025: for every $100 of revenue, Aterian kept $57 after the direct cost of its products and services.
How fast is Aterian growing?
Revenue grew −18.0% a year on average over the last five fiscal years, from $185.7 million to $69.0 million.
What are Aterian's earnings per share?
Aterian earned $-2.22 per diluted share in fiscal 2025, compared with $-1.79 a year earlier.
When will Aterian report its next earnings?
Aterian is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 after the market closes.
When does Aterian's fiscal year end?
Aterian's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 23, 2026.