Aterian, Inc.

Listed Company

ATERCIK 0001757715NasdaqNon-AcceleratedSmaller ReportingElectric Housewares & FansDelawareFY ends Dec 31

Period

FY 2025

Revenue

$68.97M

Net Income

$-19.00M

Total Assets

$29.56M

Equity

$15.21M

Shares Out

10.82M

Op. Cash Flow

$-10.90M

Business

Aterian, Inc. is a technology-enabled consumer products company that develops, acquires and sells branded consumer goods primarily through online retail channels. It offers products across home and kitchen appliances, kitchenware, air quality appliances, health and beauty products and essential oils under owned brands such as Squatty Potty, HomeLabs, Mueller Living, PurSteam, Healing Solutions and Photo Paper Direct. The company operates as a single reporting segment deriving revenue from the sale of consumer goods. Its products are distributed mainly via e-commerce marketplaces—primarily Amazon U.S.—as well as other marketplaces and its direct-to-consumer websites, supported by third-party manufacturers and logistics partners.

Summary from filing dated 2025-03-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenue	69	99	143	221	248
Cost of goods sold	30	38	72	116	126
Gross profit	39	61	70	106	122
Selling and Marketing Expense	41	56	82	121	127
General and Administrative Expense	12	17	20	38	45
Impairment loss on intangibles	4	0	40	3	—
Total operating expenses	57	73	146	284	156
Operating loss	−18	−12	−76	−178	−34
Interest expense, net	851,000	949,000	1	3	13
Change in fair value of warrant liabilities	−109,000	−924,000	−2	−470,000	26
Other expense, net	228,000	61,000	260,000	−281,000	45,000
Loss before income taxes	−19	−12	−75	−197	−235
Provision (benefit) for income taxes	41,000	−47,000	−867,000	−376,000	532,000
Net loss	−19	−12	−75	−196	−236
Net loss per share, basic and diluted (in dollars per share)	−2.39	−1.68	−11.43	−2.95	−6.67
Weighted-average number of shares outstanding, basic and diluted (in shares)	8	7	7	67	35

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	5	18	20	44	30
Accounts receivable, net	2	4	4	5	10
Inventory	14	14	20	44	63
Prepaid and other current assets	3	3	5	8	21
Total current assets	24	39	50	100	125
Property and equipment, net	729,000	685,000	775,000	853,000	1
Intangibles, net	4	10	11	—	—
Other non-current assets	389,000	381,000	138,000	813,000	3
Total assets	30	50	62	156	314
Credit facility	4	7	11	21	33
Accounts payable	3	3	4	16	22
Seller notes	368,000	466,000	1	2	8
Accrued and other current liabilities	6	9	9	14	18
Total current liabilities	14	19	25	53	84
Other liabilities	225,000	227,000	391,000	1	360,000
Total liabilities	14	20	26	54	89
Commitments and contingencies (Note 12)	—	—	—	—	—
Common stock, $0.0001 par value, 500,000,000 shares authorized and 10,027,046 and 8,750,741 shares outstanding at December 31, 2025 and December 31, 2024, respectively	9,000	9,000	9,000	8,000	5,000
Additional paid-in capital	746	743	737	728	—
Accumulated deficit	−731	−712	−700	−625	−429
Accumulated other comprehensive loss	−552,000	−906,000	−838,000	−1	−468,000
Total stockholders equity	15	30	36	102	224
Total liabilities and stockholders' equity	30	50	62	156	314

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	2	2	4	8	—
Provision for sales returns	−102,000	57,000	−413,000	56,000	43,000
Amortization of deferred financing cost and debt discounts	165,000	198,000	429,000	429,000	8
Stock-based compensation	2	8	8	15	29
Deferred tax expense	0	−5,000	−1	0	—
Change in inventory provisions	767,000	−3	−3	0	—
Allowance for credit losses	−147,000	16,000	85,000	—	—
Accounts receivable	1	427,000	205,000	6	−5
Inventory	−794,000	9	26	19	−19
Prepaid and other current assets	183,000	762,000	3	6	−8
Accounts payable, accrued and other liabilities	−964,000	−2	−14	−11	14
Cash (used in) provided by operating activities	−11	2	−13	−17	−42
Purchase of fixed assets	−51,000	−42,000	−119,000	−82,000	−32,000
Purchase of minority equity investment	0	−200,000	0	—	—
Cash used in investing activities	−51,000	−242,000	−244,000	−677,000	−45
Repayments on seller notes	−113,000	−633,000	−668,000	−3	−10
Borrowings from MidCap credit facilities	43	61	80	137	49
Repayments for MidCap credit facilities	−46	−65	−90	−149	−28
Insurance obligation payments	−711,000	−682,000	−1	−2	−3
Insurance financing proceeds	1	700,000	986,000	2	2
Cash used in financing activities	−3	−5	−11	27	96
Net change in cash and restricted cash for the period	−13	−3	−24	8	8
Foreign currency effect on cash and restricted cash	323,000	−61,000	306,000	−528,000	−477,000
Cash paid for interest	882,000	1	2	2	6
Cash paid for taxes	50,000	152,000	94,000	100,000	41,000
Non-cash consideration paid to contractors	0	620,000	321,000	1	—
Non-cash minority equity investment	0	50,000	0	—	—

Filings

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