vs
Side-by-side financial comparison of Aterian, Inc. (ATER) and Boxlight Corp (BOXL). Click either name above to swap in a different company.
Boxlight Corp is the larger business by last-quarter revenue ($29.3M vs $15.1M, roughly 1.9× Aterian, Inc.). Boxlight Corp runs the higher net margin — -21.1% vs -52.5%, a 31.4% gap on every dollar of revenue. On growth, Boxlight Corp posted the faster year-over-year revenue change (-19.2% vs -38.5%). Over the past eight quarters, Aterian, Inc.'s revenue compounded faster (-13.5% CAGR vs -23.1%).
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.
Boxlight Corp is a global provider of interactive technology solutions, including interactive flat panel displays, projectors, collaborative software, and classroom technology accessories. It primarily serves K-12 and higher education institutions, as well as corporate and government customers across North America, Europe, and Asia Pacific, focusing on enhancing learning and work collaboration efficiency.
ATER vs BOXL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $29.3M |
| Net Profit | $-7.9M | $-6.2M |
| Gross Margin | 56.1% | 29.1% |
| Operating Margin | -51.1% | -13.4% |
| Net Margin | -52.5% | -21.1% |
| Revenue YoY | -38.5% | -19.2% |
| Net Profit YoY | -512.2% | -102.0% |
| EPS (diluted) | — | $-1.88 |
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 | — | ||
| Q3 25 | $19.0M | $29.3M | ||
| Q2 25 | $19.5M | $30.9M | ||
| Q1 25 | $15.4M | — | ||
| Q4 24 | $24.6M | $24.0M | ||
| Q3 24 | $26.2M | $36.3M | ||
| Q2 24 | $28.0M | $38.5M | ||
| Q1 24 | $20.2M | $37.1M |
| Q4 25 | $-7.9M | — | ||
| Q3 25 | $-2.3M | $-6.2M | ||
| Q2 25 | $-4.9M | $-4.7M | ||
| Q1 25 | $-3.9M | — | ||
| Q4 24 | $-1.3M | $-16.7M | ||
| Q3 24 | $-1.8M | $-3.1M | ||
| Q2 24 | $-3.6M | $-1.5M | ||
| Q1 24 | $-5.2M | $-7.1M |
| Q4 25 | 56.1% | — | ||
| Q3 25 | 56.1% | 29.1% | ||
| Q2 25 | 54.3% | 35.0% | ||
| Q1 25 | 61.4% | — | ||
| Q4 24 | 63.4% | 30.6% | ||
| Q3 24 | 60.3% | 33.8% | ||
| Q2 24 | 60.4% | 37.7% | ||
| Q1 24 | 65.1% | 34.5% |
| Q4 25 | -51.1% | — | ||
| Q3 25 | -10.7% | -13.4% | ||
| Q2 25 | -23.1% | -12.7% | ||
| Q1 25 | -24.1% | — | ||
| Q4 24 | -6.5% | -67.6% | ||
| Q3 24 | -6.6% | -2.4% | ||
| Q2 24 | -11.5% | 3.2% | ||
| Q1 24 | -26.1% | -9.7% |
| Q4 25 | -52.5% | — | ||
| Q3 25 | -12.0% | -21.1% | ||
| Q2 25 | -25.0% | -15.3% | ||
| Q1 25 | -25.4% | — | ||
| Q4 24 | -5.3% | -69.6% | ||
| Q3 24 | -6.8% | -8.4% | ||
| Q2 24 | -13.0% | -3.8% | ||
| Q1 24 | -25.5% | -19.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-1.88 | ||
| Q2 25 | — | $-1.53 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-87.29 | ||
| Q3 24 | — | $-1.72 | ||
| Q2 24 | — | $-0.92 | ||
| Q1 24 | — | $-0.76 |
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 | $11.8M |
| Total DebtLower is stronger | — | $36.7M |
| Stockholders' EquityBook value | $15.2M | $-19.5M |
| Total Assets | $29.6M | $99.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | — | ||
| Q3 25 | $7.6M | $11.8M | ||
| Q2 25 | $10.5M | $7.6M | ||
| Q1 25 | $14.3M | — | ||
| Q4 24 | $18.0M | $8.0M | ||
| Q3 24 | $16.1M | $10.5M | ||
| Q2 24 | $20.3M | $7.5M | ||
| Q1 24 | $17.5M | $11.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | $36.7M | ||
| Q2 25 | — | $39.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $37.1M | ||
| Q3 24 | — | $38.8M | ||
| Q2 24 | — | $40.3M | ||
| Q1 24 | — | $38.5M |
| Q4 25 | $15.2M | — | ||
| Q3 25 | $22.6M | $-19.5M | ||
| Q2 25 | $24.3M | $-20.6M | ||
| Q1 25 | $27.0M | — | ||
| Q4 24 | $30.0M | $-12.9M | ||
| Q3 24 | $30.6M | $6.5M | ||
| Q2 24 | $30.9M | $7.5M | ||
| Q1 24 | $33.0M | $9.1M |
| Q4 25 | $29.6M | — | ||
| Q3 25 | $40.1M | $99.6M | ||
| Q2 25 | $45.4M | $99.2M | ||
| Q1 25 | $49.8M | — | ||
| Q4 24 | $49.5M | $115.3M | ||
| Q3 24 | $52.1M | $142.9M | ||
| Q2 24 | $59.9M | $141.3M | ||
| Q1 24 | $55.7M | $142.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.93× | ||
| Q2 24 | — | 5.38× | ||
| Q1 24 | — | 4.23× |
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 | $1.3M |
| 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 | $-1.0M | — | ||
| Q3 25 | $-1.6M | $1.3M | ||
| Q2 25 | $-4.4M | — | ||
| Q1 25 | $-3.9M | — | ||
| Q4 24 | $-9.0K | $1.6M | ||
| Q3 24 | $-722.0K | $5.2M | ||
| Q2 24 | $2.9M | $-5.4M | ||
| Q1 24 | $-6.0K | $-1.9M |
| 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% | — |
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% |
BOXL
| Products | $27.4M | 93% |
| Services | $2.0M | 7% |
