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Side-by-side financial comparison of Aterian, Inc. (ATER) and CSP INC (CSPI). Click either name above to swap in a different company.
Aterian, Inc. is the larger business by last-quarter revenue ($15.1M vs $12.0M, roughly 1.3× CSP INC). CSP INC runs the higher net margin — 0.8% vs -52.5%, a 53.3% gap on every dollar of revenue. On growth, CSP INC posted the faster year-over-year revenue change (-23.2% vs -38.5%). Aterian, Inc. produced more free cash flow last quarter ($-1.0M vs $-3.0M). Over the past eight quarters, CSP INC's revenue compounded faster (-6.3% 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.
CSP Inc. is a U.S.-based technology firm offering cybersecurity solutions, managed IT services, high-performance computing systems, and IT consulting support. It serves enterprises across healthcare, finance, manufacturing, and public sectors in North America and select global markets.
ATER vs CSPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $12.0M |
| Net Profit | $-7.9M | $91.0K |
| Gross Margin | 56.1% | 39.3% |
| Operating Margin | -51.1% | -0.9% |
| Net Margin | -52.5% | 0.8% |
| Revenue YoY | -38.5% | -23.2% |
| Net Profit YoY | -512.2% | -80.7% |
| EPS (diluted) | — | $0.01 |
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 | $12.0M | ||
| Q3 25 | $19.0M | $14.5M | ||
| Q2 25 | $19.5M | $15.4M | ||
| Q1 25 | $15.4M | $13.1M | ||
| Q4 24 | $24.6M | $15.7M | ||
| Q3 24 | $26.2M | $13.0M | ||
| Q2 24 | $28.0M | $13.1M | ||
| Q1 24 | $20.2M | $13.7M |
| Q4 25 | $-7.9M | $91.0K | ||
| Q3 25 | $-2.3M | $-191.0K | ||
| Q2 25 | $-4.9M | $-264.0K | ||
| Q1 25 | $-3.9M | $-108.0K | ||
| Q4 24 | $-1.3M | $472.0K | ||
| Q3 24 | $-1.8M | $-1.7M | ||
| Q2 24 | $-3.6M | $-185.0K | ||
| Q1 24 | $-5.2M | $1.6M |
| Q4 25 | 56.1% | 39.3% | ||
| Q3 25 | 56.1% | 36.6% | ||
| Q2 25 | 54.3% | 28.8% | ||
| Q1 25 | 61.4% | 32.0% | ||
| Q4 24 | 63.4% | 29.1% | ||
| Q3 24 | 60.3% | 28.4% | ||
| Q2 24 | 60.4% | 35.0% | ||
| Q1 24 | 65.1% | 47.3% |
| Q4 25 | -51.1% | -0.9% | ||
| Q3 25 | -10.7% | -3.7% | ||
| Q2 25 | -23.1% | -7.9% | ||
| Q1 25 | -24.1% | -7.6% | ||
| Q4 24 | -6.5% | -2.3% | ||
| Q3 24 | -6.6% | -15.7% | ||
| Q2 24 | -11.5% | -5.5% | ||
| Q1 24 | -26.1% | 9.0% |
| Q4 25 | -52.5% | 0.8% | ||
| Q3 25 | -12.0% | -1.3% | ||
| Q2 25 | -25.0% | -1.7% | ||
| Q1 25 | -25.4% | -0.8% | ||
| Q4 24 | -5.3% | 3.0% | ||
| Q3 24 | -6.8% | -12.7% | ||
| Q2 24 | -13.0% | -1.4% | ||
| Q1 24 | -25.5% | 11.6% |
| Q4 25 | — | $0.01 | ||
| Q3 25 | — | $-0.02 | ||
| Q2 25 | — | $-0.03 | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | — | $0.05 | ||
| Q3 24 | — | $-0.17 | ||
| Q2 24 | — | $-0.02 | ||
| Q1 24 | — | $0.16 |
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 | $24.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | $44.8M |
| Total Assets | $29.6M | $69.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $24.9M | ||
| Q3 25 | $7.6M | $27.4M | ||
| Q2 25 | $10.5M | $26.3M | ||
| Q1 25 | $14.3M | $29.5M | ||
| Q4 24 | $18.0M | $30.7M | ||
| Q3 24 | $16.1M | $30.6M | ||
| Q2 24 | $20.3M | $28.9M | ||
| Q1 24 | $17.5M | $27.1M |
| Q4 25 | $15.2M | $44.8M | ||
| Q3 25 | $22.6M | $44.6M | ||
| Q2 25 | $24.3M | $47.5M | ||
| Q1 25 | $27.0M | $47.5M | ||
| Q4 24 | $30.0M | $47.5M | ||
| Q3 24 | $30.6M | $47.3M | ||
| Q2 24 | $30.9M | $48.1M | ||
| Q1 24 | $33.0M | $48.2M |
| Q4 25 | $29.6M | $69.2M | ||
| Q3 25 | $40.1M | $71.2M | ||
| Q2 25 | $45.4M | $66.8M | ||
| Q1 25 | $49.8M | $67.1M | ||
| Q4 24 | $49.5M | $67.5M | ||
| Q3 24 | $52.1M | $69.4M | ||
| Q2 24 | $59.9M | $66.8M | ||
| Q1 24 | $55.7M | $64.2M |
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 | $-2.9M |
| Free Cash FlowOCF − Capex | $-1.0M | $-3.0M |
| FCF MarginFCF / Revenue | -6.9% | -25.1% |
| Capex IntensityCapex / Revenue | 0.0% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -32.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $-2.9M | ||
| Q3 25 | $-1.6M | $1.9M | ||
| Q2 25 | $-4.4M | $-3.3M | ||
| Q1 25 | $-3.9M | $1.9M | ||
| Q4 24 | $-9.0K | $1.7M | ||
| Q3 24 | $-722.0K | $-1.5M | ||
| Q2 24 | $2.9M | $2.4M | ||
| Q1 24 | $-6.0K | $1.7M |
| Q4 25 | $-1.0M | $-3.0M | ||
| Q3 25 | $-1.6M | $1.7M | ||
| Q2 25 | $-4.4M | $-3.3M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $1.7M | ||
| Q3 24 | — | $-1.5M | ||
| Q2 24 | $2.9M | $2.4M | ||
| Q1 24 | $-42.0K | $1.6M |
| Q4 25 | -6.9% | -25.1% | ||
| Q3 25 | -8.4% | 11.5% | ||
| Q2 25 | -22.7% | -21.7% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | -11.7% | ||
| Q2 24 | 10.3% | 17.9% | ||
| Q1 24 | -0.2% | 11.9% |
| Q4 25 | 0.0% | 0.9% | ||
| Q3 25 | 0.2% | 1.6% | ||
| Q2 25 | 0.0% | 0.4% | ||
| Q1 25 | 0.0% | 0.1% | ||
| Q4 24 | 0.0% | 0.3% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.0% | 0.3% | ||
| Q1 24 | 0.2% | 0.1% |
| Q4 25 | — | -32.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.69× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.04× |
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% |
CSPI
| Products | $6.7M | 56% |
| Services | $5.3M | 44% |
