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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and Aterian, Inc. (ATER). Click either name above to swap in a different company.
Aterian, Inc. is the larger business by last-quarter revenue ($15.1M vs $13.2M, roughly 1.1× Ares Commercial Real Estate Corp). Ares Commercial Real Estate Corp runs the higher net margin — -29.2% vs -52.5%, a 23.3% gap on every dollar of revenue. On growth, Ares Commercial Real Estate Corp posted the faster year-over-year revenue change (-24.5% vs -38.5%). Over the past eight quarters, Aterian, Inc.'s revenue compounded faster (-13.5% CAGR vs -15.9%).
Ares Commercial Real Estate Corp is a specialty finance company focused on the commercial real estate sector. It offers a full suite of customized financing solutions including senior mortgage loans, subordinated debt and preferred equity, primarily serving middle-market commercial property owners and operators across the United States.
Aterian, Inc. is a technology-enabled consumer products company that leverages artificial intelligence and data analytics to identify market demand, develop, source and distribute a wide portfolio of affordable goods spanning home improvement, wellness, personal care, pet supplies and outdoor recreation. It primarily sells its products through leading global e-commerce platforms, with core markets covering North America and Europe.
ACRE vs ATER — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $15.1M |
| Net Profit | $-3.9M | $-7.9M |
| Gross Margin | — | 56.1% |
| Operating Margin | -29.2% | -51.1% |
| Net Margin | -29.2% | -52.5% |
| Revenue YoY | -24.5% | -38.5% |
| Net Profit YoY | 63.8% | -512.2% |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $13.2M | $15.1M | ||
| Q3 25 | $14.1M | $19.0M | ||
| Q2 25 | $12.6M | $19.5M | ||
| Q1 25 | $14.9M | $15.4M | ||
| Q4 24 | $17.5M | $24.6M | ||
| Q3 24 | $16.7M | $26.2M | ||
| Q2 24 | $16.8M | $28.0M | ||
| Q1 24 | $18.7M | $20.2M |
| Q4 25 | $-3.9M | $-7.9M | ||
| Q3 25 | $4.7M | $-2.3M | ||
| Q2 25 | $-11.0M | $-4.9M | ||
| Q1 25 | $9.3M | $-3.9M | ||
| Q4 24 | $-10.7M | $-1.3M | ||
| Q3 24 | $-5.9M | $-1.8M | ||
| Q2 24 | $-6.1M | $-3.6M | ||
| Q1 24 | $-12.3M | $-5.2M |
| Q4 25 | — | 56.1% | ||
| Q3 25 | — | 56.1% | ||
| Q2 25 | — | 54.3% | ||
| Q1 25 | — | 61.4% | ||
| Q4 24 | — | 63.4% | ||
| Q3 24 | — | 60.3% | ||
| Q2 24 | — | 60.4% | ||
| Q1 24 | — | 65.1% |
| Q4 25 | -29.2% | -51.1% | ||
| Q3 25 | 33.0% | -10.7% | ||
| Q2 25 | -87.8% | -23.1% | ||
| Q1 25 | 64.4% | -24.1% | ||
| Q4 24 | -61.0% | -6.5% | ||
| Q3 24 | -35.3% | -6.6% | ||
| Q2 24 | -36.5% | -11.5% | ||
| Q1 24 | -65.9% | -26.1% |
| Q4 25 | -29.2% | -52.5% | ||
| Q3 25 | 33.0% | -12.0% | ||
| Q2 25 | -87.8% | -25.0% | ||
| Q1 25 | 62.5% | -25.4% | ||
| Q4 24 | -60.9% | -5.3% | ||
| Q3 24 | -35.3% | -6.8% | ||
| Q2 24 | -36.5% | -13.0% | ||
| Q1 24 | -65.9% | -25.5% |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.3M | $4.9M |
| Total DebtLower is stronger | $948.2M | — |
| Stockholders' EquityBook value | $509.6M | $15.2M |
| Total Assets | $1.6B | $29.6M |
| Debt / EquityLower = less leverage | 1.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $4.9M | ||
| Q3 25 | $84.9M | $7.6M | ||
| Q2 25 | $90.0M | $10.5M | ||
| Q1 25 | $125.5M | $14.3M | ||
| Q4 24 | $63.8M | $18.0M | ||
| Q3 24 | $68.9M | $16.1M | ||
| Q2 24 | $70.6M | $20.3M | ||
| Q1 24 | $99.5M | $17.5M |
| Q4 25 | $948.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $718.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $509.6M | $15.2M | ||
| Q3 25 | $521.0M | $22.6M | ||
| Q2 25 | $523.7M | $24.3M | ||
| Q1 25 | $542.1M | $27.0M | ||
| Q4 24 | $540.1M | $30.0M | ||
| Q3 24 | $563.8M | $30.6M | ||
| Q2 24 | $582.3M | $30.9M | ||
| Q1 24 | $601.1M | $33.0M |
| Q4 25 | $1.6B | $29.6M | ||
| Q3 25 | $1.4B | $40.1M | ||
| Q2 25 | $1.4B | $45.4M | ||
| Q1 25 | $1.5B | $49.8M | ||
| Q4 24 | $1.8B | $49.5M | ||
| Q3 24 | $1.9B | $52.1M | ||
| Q2 24 | $2.1B | $59.9M | ||
| Q1 24 | $2.1B | $55.7M |
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.4M | $-1.0M |
| Free Cash FlowOCF − Capex | — | $-1.0M |
| FCF MarginFCF / Revenue | — | -6.9% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.4M | $-1.0M | ||
| Q3 25 | $3.8M | $-1.6M | ||
| Q2 25 | $4.9M | $-4.4M | ||
| Q1 25 | $8.0M | $-3.9M | ||
| Q4 24 | $35.5M | $-9.0K | ||
| Q3 24 | $8.4M | $-722.0K | ||
| Q2 24 | $8.7M | $2.9M | ||
| Q1 24 | $11.4M | $-6.0K |
| Q4 25 | — | $-1.0M | ||
| Q3 25 | — | $-1.6M | ||
| Q2 25 | — | $-4.4M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $2.9M | ||
| Q1 24 | — | $-42.0K |
| Q4 25 | — | -6.9% | ||
| Q3 25 | — | -8.4% | ||
| Q2 25 | — | -22.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 10.3% | ||
| Q1 24 | — | -0.2% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACRE
Segment breakdown not available.
ATER
| Sales Channel Directly To Consumer | $13.1M | 87% |
| Heating Cooling And Air Quality | $2.1M | 14% |
