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Side-by-side financial comparison of Aterian, Inc. (ATER) and BGSF, INC. (BGSF). Click either name above to swap in a different company.
BGSF, INC. is the larger business by last-quarter revenue ($22.0M vs $15.1M, roughly 1.5× Aterian, Inc.). BGSF, INC. runs the higher net margin — -5.3% vs -52.5%, a 47.3% gap on every dollar of revenue. On growth, BGSF, INC. posted the faster year-over-year revenue change (-9.4% vs -38.5%). BGSF, INC. produced more free cash flow last quarter ($1.7M vs $-1.0M). Over the past eight quarters, BGSF, INC.'s revenue compounded faster (-5.3% CAGR vs -13.5%).
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.
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
ATER vs BGSF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $22.0M |
| Net Profit | $-7.9M | $-1.2M |
| Gross Margin | 56.1% | 35.0% |
| Operating Margin | -51.1% | -17.6% |
| Net Margin | -52.5% | -5.3% |
| Revenue YoY | -38.5% | -9.4% |
| Net Profit YoY | -512.2% | -18.2% |
| EPS (diluted) | — | $-0.12 |
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 | $15.1M | $22.0M | ||
| Q3 25 | $19.0M | $26.9M | ||
| Q2 25 | $19.5M | $23.5M | ||
| Q1 25 | $15.4M | $20.9M | ||
| Q4 24 | $24.6M | $24.3M | ||
| Q3 24 | $26.2M | $29.8M | ||
| Q2 24 | $28.0M | $25.7M | ||
| Q1 24 | $20.2M | $24.5M |
| Q4 25 | $-7.9M | $-1.2M | ||
| Q3 25 | $-2.3M | $-5.8M | ||
| Q2 25 | $-4.9M | $-3.7M | ||
| Q1 25 | $-3.9M | $-722.0K | ||
| Q4 24 | $-1.3M | $-981.0K | ||
| Q3 24 | $-1.8M | $-804.0K | ||
| Q2 24 | $-3.6M | $-761.0K | ||
| Q1 24 | $-5.2M | $-792.0K |
| Q4 25 | 56.1% | 35.0% | ||
| Q3 25 | 56.1% | 35.9% | ||
| Q2 25 | 54.3% | 35.8% | ||
| Q1 25 | 61.4% | 36.2% | ||
| Q4 24 | 63.4% | 35.9% | ||
| Q3 24 | 60.3% | 35.9% | ||
| Q2 24 | 60.4% | 37.3% | ||
| Q1 24 | 65.1% | 38.1% |
| Q4 25 | -51.1% | -17.6% | ||
| Q3 25 | -10.7% | -3.5% | ||
| Q2 25 | -23.1% | -18.8% | ||
| Q1 25 | -24.1% | 1.6% | ||
| Q4 24 | -6.5% | -15.7% | ||
| Q3 24 | -6.6% | -3.4% | ||
| Q2 24 | -11.5% | -5.7% | ||
| Q1 24 | -26.1% | 1.7% |
| Q4 25 | -52.5% | -5.3% | ||
| Q3 25 | -12.0% | -21.6% | ||
| Q2 25 | -25.0% | -15.9% | ||
| Q1 25 | -25.4% | -3.5% | ||
| Q4 24 | -5.3% | -4.0% | ||
| Q3 24 | -6.8% | -2.7% | ||
| Q2 24 | -13.0% | -3.0% | ||
| Q1 24 | -25.5% | -3.2% |
| Q4 25 | — | $-0.12 | ||
| Q3 25 | — | $-0.52 | ||
| Q2 25 | — | $-0.34 | ||
| Q1 25 | — | $-0.06 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.07 | ||
| Q2 24 | — | $-0.07 | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | $48.1M |
| Total Assets | $29.6M | $57.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | — | ||
| Q3 25 | $7.6M | $41.2M | ||
| Q2 25 | $10.5M | $2.8M | ||
| Q1 25 | $14.3M | $2.0M | ||
| Q4 24 | $18.0M | $32.0K | ||
| Q3 24 | $16.1M | $262 | ||
| Q2 24 | $20.3M | $226 | ||
| Q1 24 | $17.5M | $50 |
| Q4 25 | $15.2M | $48.1M | ||
| Q3 25 | $22.6M | $50.7M | ||
| Q2 25 | $24.3M | $78.3M | ||
| Q1 25 | $27.0M | $81.8M | ||
| Q4 24 | $30.0M | $82.3M | ||
| Q3 24 | $30.6M | $82.9M | ||
| Q2 24 | $30.9M | $83.2M | ||
| Q1 24 | $33.0M | $83.6M |
| Q4 25 | $29.6M | $57.8M | ||
| Q3 25 | $40.1M | $83.6M | ||
| Q2 25 | $45.4M | $149.7M | ||
| Q1 25 | $49.8M | $152.3M | ||
| Q4 24 | $49.5M | $150.1M | ||
| Q3 24 | $52.1M | $157.3K | ||
| Q2 24 | $59.9M | $159.8K | ||
| Q1 24 | $55.7M | $170.6K |
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 | $-1.0M | $1.7M |
| Free Cash FlowOCF − Capex | $-1.0M | $1.7M |
| FCF MarginFCF / Revenue | -6.9% | 7.6% |
| Capex IntensityCapex / Revenue | 0.0% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $1.7M | ||
| Q3 25 | $-1.6M | $-4.8M | ||
| Q2 25 | $-4.4M | $2.2M | ||
| Q1 25 | $-3.9M | $1.1M | ||
| Q4 24 | $-9.0K | $3.2M | ||
| Q3 24 | $-722.0K | $6.5M | ||
| Q2 24 | $2.9M | $7.3M | ||
| Q1 24 | $-6.0K | $7.4M |
| Q4 25 | $-1.0M | $1.7M | ||
| Q3 25 | $-1.6M | $-4.9M | ||
| Q2 25 | $-4.4M | $2.1M | ||
| Q1 25 | — | $1.0M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $6.5M | ||
| Q2 24 | $2.9M | $7.3M | ||
| Q1 24 | $-42.0K | $6.9M |
| Q4 25 | -6.9% | 7.6% | ||
| Q3 25 | -8.4% | -18.1% | ||
| Q2 25 | -22.7% | 9.1% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | 10.3% | 28.5% | ||
| Q1 24 | -0.2% | 28.1% |
| Q4 25 | 0.0% | 0.1% | ||
| Q3 25 | 0.2% | 0.4% | ||
| Q2 25 | 0.0% | 0.0% | ||
| Q1 25 | 0.0% | 0.1% | ||
| Q4 24 | 0.0% | 3.0% | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | 0.0% | 0.0% | ||
| Q1 24 | 0.2% | 2.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATER
| Sales Channel Directly To Consumer | $13.1M | 87% |
| Heating Cooling And Air Quality | $2.1M | 14% |
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
