Aterian, Inc. (ATER) Key Metrics
ATER valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $145.8M
- Enterprise value
- $8.9M
- P/E (TTM)
- —
- Forward P/E
- 178.6
- PEG ratio
- —
- Price / sales
- 2.1
- Price / book
- 0.9
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 1.21
ATER key metrics, 2017–2025
Fiscal year ended December 31, 2025 · U.S. dollarsATER returns How much profit the business earns on the capital it uses.
Return on equity−48.0 pts
−83.9%
2025 · hover or tap a bar for each year
20172025
Return on invested capital−15.2 pts
−56.2%
2025 · hover or tap a bar for each year
20172025
Return on assets−26.7 pts
−48.0%
2025 · hover or tap a bar for each year
20172025
Free cash flow margin−18.0 pts
−15.9%
2025 · hover or tap a bar for each year
20172025
Asset turnover−1.9%
1.74
2025 · hover or tap a bar for each year
20172025
ATER financial health Debt, liquidity and how easily interest is covered.
Debt / equity+23.2%
0.30
2025 · hover or tap a bar for each year
20172025
Net debt+$10.4M
−$230,000
2025 · hover or tap a bar for each year
20172025
Current ratio−15.1%
1.70
2025 · hover or tap a bar for each year
20172025
Interest coverage
-12.8
2025 · hover or tap a bar for each year
20172025
Debt / assets+4.6%
0.16
2025 · hover or tap a bar for each year
20172025
ATER efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+2 days
17 days
2025 · hover or tap a bar for each year
20172025
Days of inventory+3 days
168 days
2025 · hover or tap a bar for each year
20172025
Days payables outstanding+3 days
38 days
2025 · hover or tap a bar for each year
20172025
Cash conversion cycle+2 days
147 days
2025 · hover or tap a bar for each year
20172025
Capex / revenue0.0 pts
0.1%
2025 · hover or tap a bar for each year
20172025
ATER valuation history
Fiscal year-endToday9-year median
ATER returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ATER debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ATER cash returned to shareholders
DividendsBuybacksFree cash flow
ATER price vs earnings per share
Share price at year-endEPS (right axis)
ATER key metrics
2017–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Valuation | |||||||||
| Market capitalization | — | — | $327.3M | — | — | — | — | — | — |
| Enterprise value | — | — | $317.4M | — | — | — | — | — | — |
| Price / sales | — | — | 2.3 | — | — | — | — | — | — |
| Price / book | — | — | 9.1 | — | — | — | — | — | — |
| EV / sales | — | — | 2.2 | — | — | — | — | — | — |
| Earnings yield | — | — | −22.8% | — | — | — | — | — | — |
| Free cash flow yield | — | — | −4.1% | — | — | — | — | — | — |
| Share price at fiscal year-end | $0.70 | $2.40 | $4.19 | $9.24 | $49.32 | $206.52 | $70.68 | — | — |
| Per share | |||||||||
| Revenue per share | — | — | $1.82 | — | — | — | — | — | — |
| Earnings per share | — | — | −$0.95 | — | — | — | — | — | — |
| Operating cash flow per share | — | — | −$0.17 | — | — | — | — | — | — |
| Free cash flow per share | — | — | −$0.17 | — | — | — | — | — | — |
| Cash per share | — | — | $0.28 | — | — | — | — | — | — |
| Book value per share | — | — | $0.46 | — | — | — | — | — | — |
| Tangible book value per share | — | — | $0.32 | — | — | — | — | — | — |
| Capex per share | — | — | $0.00 | — | — | — | — | — | — |
| Debt per share | — | — | $0.16 | — | — | — | — | — | — |
| Shares outstanding | — | — | 78.2M | — | — | — | — | — | — |
| Returns & profitability | |||||||||
| Return on equity (ROE) | −83.9% | −35.9% | −108.1% | −120.4% | −190.6% | −370.1% | −730.5% | −470.7% | −282.9% |
| Return on invested capital (ROIC) | −56.2% | −41.0% | −112.3% | −89.2% | −17.0% | −55.6% | −302.9% | −179.2% | −136.2% |
| Return on assets (ROA) | −48.0% | −21.3% | −68.3% | −83.5% | −100.2% | −54.4% | −88.8% | −71.4% | −74.0% |
| Return on tangible assets | −75.4% | −29.8% | −147.5% | −193.0% | −183.4% | −80.2% | −80.1% | −54.9% | −74.0% |
| Free cash flow margin | −15.9% | 2.1% | −9.5% | −7.9% | −17.0% | 3.2% | −22.1% | −41.5% | −79.2% |
| Financial health | |||||||||
| Total debt | $4.6M | $7.4M | $12.1M | $22.7M | $40.4M | $86.5M | $35.1M | $27.5M | $10.3M |
| Cash & short-term investments | $4.9M | $18.0M | $22.1M | $43.6M | $30.3M | $26.7M | $30.4M | $20.0M | $5.3M |
| Net debt | −$230,000 | −$10.6M | −$9.9M | −$20.8M | $10.1M | $59.8M | $4.8M | $7.5M | $5.0M |
| Debt / equity | 0.30 | 0.25 | 0.34 | 0.22 | 0.18 | 3.70 | 3.27 | 5.12 | 1.26 |
| Debt / assets | 0.16 | 0.15 | 0.20 | 0.15 | 0.13 | 0.55 | 0.47 | 0.47 | 0.33 |
| Current ratio | 1.70 | 2.01 | 1.95 | 1.89 | 1.49 | 1.01 | 1.37 | 1.45 | 1.66 |
| Quick ratio | 0.73 | 1.29 | 1.15 | 1.06 | 0.74 | 0.58 | 0.69 | 0.68 | 0.53 |
| Interest coverage | -12.8 | -9.7 | -35.9 | -66.1 | -2.6 | -6.9 | -12.0 | -12.5 | -54.7 |
| Working capital | $9.9M | $19.4M | $24.2M | $47.0M | $41.1M | $426,000 | $19.8M | $17.8M | $12.0M |
| Invested capital | $15.0M | $19.4M | $26.1M | $81.1M | $234.3M | $83.2M | $15.5M | $12.8M | $13.1M |
| Tangible asset value | $10.8M | $20.3M | $24.7M | $47.2M | $39.3M | −$55.4M | $9.7M | $5.4M | $8.2M |
| Net current asset value | $9.7M | $19.2M | $23.8M | $45.5M | $35.5M | −$58.9M | $9.3M | $4.8M | $7.2M |
| Graham net-net per share | — | — | $0.12 | — | — | — | — | — | — |
| Capital allocation | |||||||||
| Dividends paid | — | — | — | — | — | $150,000 | — | — | — |
| Share buybacks (net) | — | — | — | $0 | $0 | $150,000 | — | — | — |
| Dividends + buybacks / free cash flow | — | — | — | — | — | 5.0% | — | — | — |
| Capex / revenue | 0.1% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 0.3% |
| Capex / operating cash flow | — | 1.9% | — | — | — | 1.5% | — | — | — |
| Capex / depreciation | 0.03 | 0.02 | 0.03 | 0.01 | 0.00 | 0.16 | 0.62 | 0.24 | 0.48 |
| Stock-based compensation / revenue | 3.2% | 7.6% | 5.8% | 6.6% | 11.7% | 12.2% | 30.3% | 0.8% | 2.9% |
| R&D / revenue | — | — | 3.2% | 2.7% | 4.0% | 4.4% | 9.3% | 5.0% | 10.1% |
| SG&A / revenue | 17.2% | 74.0% | 71.6% | 72.1% | 17.7% | 53.1% | 77.5% | 70.6% | 89.3% |
| Efficiency | |||||||||
| Days sales outstanding | 16.5 | 14.8 | 11.2 | 12.4 | 12.0 | 6.7 | 3.9 | 6.8 | 13.3 |
| Days of inventory on hand | 168.4 | 165.9 | 161.7 | 168.4 | 137.2 | 122.6 | 175.5 | 197.3 | 329.7 |
| Days payables outstanding | 37.9 | 35.3 | 51.1 | 59.6 | 53.0 | 64.9 | 95.9 | 90.2 | 127.9 |
| Cash conversion cycle (days) | 147.0 | 145.3 | 121.9 | 121.2 | 96.1 | 64.3 | 83.6 | 113.9 | 215.1 |
| Receivables turnover | 22.10 | 24.74 | 32.62 | 29.50 | 30.54 | 54.57 | 92.97 | 53.57 | 27.35 |
| Payables turnover | 9.62 | 10.33 | 7.15 | 6.13 | 6.89 | 5.62 | 3.81 | 4.04 | 2.85 |
| Inventory turnover | 2.17 | 2.20 | 2.26 | 2.17 | 2.66 | 2.98 | 2.08 | 1.85 | 1.11 |
| Asset turnover | 1.74 | 1.78 | 1.31 | 0.94 | 1.05 | 1.60 | 1.73 | 1.64 | 1.17 |
| Average receivables | $3.1M | $4.0M | $4.4M | $7.5M | $8.1M | $3.4M | $1.2M | $1.4M | $1.3M |
| Average payables | $3.1M | $3.6M | $10.1M | $18.9M | $18.3M | $18.0M | $18.2M | $11.7M | $8.0M |
| Average inventory | $13.8M | $17.1M | $32.0M | $53.4M | $47.3M | $33.9M | $33.4M | $25.6M | $20.6M |
| Intangibles / total assets | 14.8% | 19.7% | 18.3% | 35.0% | 59.0% | 50.0% | 1.4% | 0.0% | 0.0% |
Computed from ATER's annual financial statements (latest annual report filed March 23, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ATER valuation and financial ratios
Aterian earned a return on equity of −83.9% and a return on invested capital of −56.2% in fiscal 2025. It ended the year with $4.6 million of debt and $4.9 million in cash and short-term investments, a net cash position of $0.2 million.
See the ATER income statement, the ATER chart for price history, or the ATER stock overview for the latest quote and news.
ATER key metrics FAQ
What is Aterian's return on equity?
Aterian's return on equity (ROE) was −83.9% in fiscal 2025: net income of -$19.0 million on average shareholders' equity of $22.6 million.
What is Aterian's ROIC?
Aterian's return on invested capital was −56.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Aterian have?
Aterian had total debt of $4.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.30 and more cash than debt.
What is Aterian's current ratio?
Aterian's current ratio was 1.70 at the end of fiscal 2025: current assets were 1.70 times current liabilities.