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Side-by-side financial comparison of Aterian, Inc. (ATER) and Bluerock Homes Trust, Inc. (BHM). Click either name above to swap in a different company.

Bluerock Homes Trust, Inc. is the larger business by last-quarter revenue ($18.9M vs $15.1M, roughly 1.2× Aterian, Inc.). Bluerock Homes Trust, Inc. runs the higher net margin — -50.1% vs -52.5%, a 2.4% gap on every dollar of revenue. On growth, Bluerock Homes Trust, Inc. posted the faster year-over-year revenue change (35.9% vs -38.5%). Bluerock Homes Trust, Inc. produced more free cash flow last quarter ($10.4M vs $-1.0M). Over the past eight quarters, Bluerock Homes Trust, Inc.'s revenue compounded faster (30.1% 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.

Bluerock Homes Trust, Inc. is a U.S.-headquartered real estate investment trust that acquires, owns and operates a portfolio of high-quality single-family rental residential properties. It caters to middle-market renters across high-growth suburban markets, prioritizing regions with strong demographic fundamentals and sustained rental housing demand.

ATER vs BHM — Head-to-Head

Bigger by revenue
BHM
BHM
1.2× larger
BHM
$18.9M
$15.1M
ATER
Growing faster (revenue YoY)
BHM
BHM
+74.4% gap
BHM
35.9%
-38.5%
ATER
Higher net margin
BHM
BHM
2.4% more per $
BHM
-50.1%
-52.5%
ATER
More free cash flow
BHM
BHM
$11.4M more FCF
BHM
$10.4M
$-1.0M
ATER
Faster 2-yr revenue CAGR
BHM
BHM
Annualised
BHM
30.1%
-13.5%
ATER

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATER
ATER
BHM
BHM
Revenue
$15.1M
$18.9M
Net Profit
$-7.9M
$-9.5M
Gross Margin
56.1%
Operating Margin
-51.1%
-48.8%
Net Margin
-52.5%
-50.1%
Revenue YoY
-38.5%
35.9%
Net Profit YoY
-512.2%
-29.9%
EPS (diluted)
$-0.75

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.

Revenue
ATER
ATER
BHM
BHM
Q4 25
$15.1M
$18.9M
Q3 25
$19.0M
$16.6M
Q2 25
$19.5M
$16.8M
Q1 25
$15.4M
$16.4M
Q4 24
$24.6M
$13.9M
Q3 24
$26.2M
$12.7M
Q2 24
$28.0M
$12.5M
Q1 24
$20.2M
$11.2M
Net Profit
ATER
ATER
BHM
BHM
Q4 25
$-7.9M
$-9.5M
Q3 25
$-2.3M
$-10.0M
Q2 25
$-4.9M
$-5.8M
Q1 25
$-3.9M
$-7.3M
Q4 24
$-1.3M
$-7.3M
Q3 24
$-1.8M
$3.5M
Q2 24
$-3.6M
$-5.2M
Q1 24
$-5.2M
$-3.2M
Gross Margin
ATER
ATER
BHM
BHM
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%
Operating Margin
ATER
ATER
BHM
BHM
Q4 25
-51.1%
-48.8%
Q3 25
-10.7%
-57.6%
Q2 25
-23.1%
-30.9%
Q1 25
-24.1%
-42.6%
Q4 24
-6.5%
-52.8%
Q3 24
-6.6%
27.9%
Q2 24
-11.5%
-41.3%
Q1 24
-26.1%
-28.4%
Net Margin
ATER
ATER
BHM
BHM
Q4 25
-52.5%
-50.1%
Q3 25
-12.0%
-60.0%
Q2 25
-25.0%
-34.7%
Q1 25
-25.4%
-44.7%
Q4 24
-5.3%
-52.8%
Q3 24
-6.8%
27.9%
Q2 24
-13.0%
-41.3%
Q1 24
-25.5%
-28.4%
EPS (diluted)
ATER
ATER
BHM
BHM
Q4 25
$-0.75
Q3 25
$-0.94
Q2 25
$-0.66
Q1 25
$-0.67
Q4 24
$-0.65
Q3 24
$0.24
Q2 24
$-0.42
Q1 24
$-0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATER
ATER
BHM
BHM
Cash + ST InvestmentsLiquidity on hand
$4.9M
$169.6M
Total DebtLower is stronger
$428.4M
Stockholders' EquityBook value
$15.2M
$128.7M
Total Assets
$29.6M
$1.2B
Debt / EquityLower = less leverage
3.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATER
ATER
BHM
BHM
Q4 25
$4.9M
$169.6M
Q3 25
$7.6M
$2.1M
Q2 25
$10.5M
$4.2M
Q1 25
$14.3M
$3.0M
Q4 24
$18.0M
$115.2M
Q3 24
$16.1M
$155.1M
Q2 24
$20.3M
$116.0M
Q1 24
$17.5M
$92.3M
Total Debt
ATER
ATER
BHM
BHM
Q4 25
$428.4M
Q3 25
$415.9M
Q2 25
$338.6M
Q1 25
$336.5M
Q4 24
$373.8M
Q3 24
$122.5M
Q2 24
$119.7M
Q1 24
$120.2M
Stockholders' Equity
ATER
ATER
BHM
BHM
Q4 25
$15.2M
$128.7M
Q3 25
$22.6M
$131.7M
Q2 25
$24.3M
$135.3M
Q1 25
$27.0M
$137.1M
Q4 24
$30.0M
$139.1M
Q3 24
$30.6M
$142.9M
Q2 24
$30.9M
$142.5M
Q1 24
$33.0M
$144.5M
Total Assets
ATER
ATER
BHM
BHM
Q4 25
$29.6M
$1.2B
Q3 25
$40.1M
$222.1M
Q2 25
$45.4M
$220.3M
Q1 25
$49.8M
$186.2M
Q4 24
$49.5M
$967.0M
Q3 24
$52.1M
$800.8M
Q2 24
$59.9M
$756.2M
Q1 24
$55.7M
$727.4M
Debt / Equity
ATER
ATER
BHM
BHM
Q4 25
3.33×
Q3 25
3.16×
Q2 25
2.50×
Q1 25
2.45×
Q4 24
2.69×
Q3 24
0.86×
Q2 24
0.84×
Q1 24
0.83×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATER
ATER
BHM
BHM
Operating Cash FlowLast quarter
$-1.0M
$27.8M
Free Cash FlowOCF − Capex
$-1.0M
$10.4M
FCF MarginFCF / Revenue
-6.9%
55.0%
Capex IntensityCapex / Revenue
0.0%
91.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$25.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATER
ATER
BHM
BHM
Q4 25
$-1.0M
$27.8M
Q3 25
$-1.6M
$13.4M
Q2 25
$-4.4M
$13.9M
Q1 25
$-3.9M
$951.0K
Q4 24
$-9.0K
$9.1M
Q3 24
$-722.0K
$1.7M
Q2 24
$2.9M
$1.3M
Q1 24
$-6.0K
$1.1M
Free Cash Flow
ATER
ATER
BHM
BHM
Q4 25
$-1.0M
$10.4M
Q3 25
$-1.6M
$8.7M
Q2 25
$-4.4M
$8.8M
Q1 25
$-2.9M
Q4 24
$-253.0K
Q3 24
$-601.0K
Q2 24
$2.9M
$-654.0K
Q1 24
$-42.0K
$-630.0K
FCF Margin
ATER
ATER
BHM
BHM
Q4 25
-6.9%
55.0%
Q3 25
-8.4%
52.4%
Q2 25
-22.7%
52.2%
Q1 25
-17.6%
Q4 24
-1.8%
Q3 24
-4.7%
Q2 24
10.3%
-5.2%
Q1 24
-0.2%
-5.6%
Capex Intensity
ATER
ATER
BHM
BHM
Q4 25
0.0%
91.8%
Q3 25
0.2%
28.5%
Q2 25
0.0%
30.3%
Q1 25
0.0%
23.4%
Q4 24
0.0%
66.9%
Q3 24
0.0%
18.0%
Q2 24
0.0%
15.3%
Q1 24
0.2%
15.5%
Cash Conversion
ATER
ATER
BHM
BHM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.47×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATER
ATER

Sales Channel Directly To Consumer$13.1M87%
Heating Cooling And Air Quality$2.1M14%

BHM
BHM

Residential Communities Segment$11.4M61%
Scattered Single Family Homes Segment$7.5M39%

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