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Side-by-side financial comparison of Aterian, Inc. (ATER) and Hyperscale Data, Inc. (GPUS). Click either name above to swap in a different company.
Hyperscale Data, Inc. is the larger business by last-quarter revenue ($26.9M vs $15.1M, roughly 1.8× Aterian, Inc.). Aterian, Inc. runs the higher net margin — -52.5% vs -112.0%, a 59.5% gap on every dollar of revenue. On growth, Hyperscale Data, Inc. posted the faster year-over-year revenue change (38.4% vs -38.5%). Aterian, Inc. produced more free cash flow last quarter ($-1.0M vs $-56.2M). Over the past eight quarters, Aterian, Inc.'s revenue compounded faster (-13.5% CAGR vs -16.3%).
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.
Hyperscale Data, Inc. provides GPU-accelerated computing infrastructure and cloud solutions tailored for AI development, big data processing, and high-performance computing workloads. It primarily serves AI startups, large technology firms, and cloud service providers across North America and the Asia-Pacific region, delivering scalable, high-efficiency computing resources to support complex data processing needs.
ATER vs GPUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $26.9M |
| Net Profit | $-7.9M | $-30.1M |
| Gross Margin | 56.1% | 14.5% |
| Operating Margin | -51.1% | -117.8% |
| Net Margin | -52.5% | -112.0% |
| Revenue YoY | -38.5% | 38.4% |
| Net Profit YoY | -512.2% | -6670.3% |
| 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 | $15.1M | $26.9M | ||
| Q3 25 | $19.0M | $24.3M | ||
| Q2 25 | $19.5M | $25.9M | ||
| Q1 25 | $15.4M | $25.0M | ||
| Q4 24 | $24.6M | $19.4M | ||
| Q3 24 | $26.2M | $31.1M | ||
| Q2 24 | $28.0M | $17.8M | ||
| Q1 24 | $20.2M | $38.4M |
| Q4 25 | $-7.9M | $-30.1M | ||
| Q3 25 | $-2.3M | $-13.0M | ||
| Q2 25 | $-4.9M | $-19.1M | ||
| Q1 25 | $-3.9M | $-4.2M | ||
| Q4 24 | $-1.3M | $-445.0K | ||
| Q3 24 | $-1.8M | $-25.5M | ||
| Q2 24 | $-3.6M | $-33.9M | ||
| Q1 24 | $-5.2M | $3.7M |
| Q4 25 | 56.1% | 14.5% | ||
| Q3 25 | 56.1% | 25.8% | ||
| Q2 25 | 54.3% | 23.7% | ||
| Q1 25 | 61.4% | 21.1% | ||
| Q4 24 | 63.4% | 6.5% | ||
| Q3 24 | 60.3% | 27.5% | ||
| Q2 24 | 60.4% | -21.3% | ||
| Q1 24 | 65.1% | 47.4% |
| Q4 25 | -51.1% | -117.8% | ||
| Q3 25 | -10.7% | -57.8% | ||
| Q2 25 | -23.1% | -39.2% | ||
| Q1 25 | -24.1% | -25.5% | ||
| Q4 24 | -6.5% | -46.8% | ||
| Q3 24 | -6.6% | -79.2% | ||
| Q2 24 | -11.5% | -151.4% | ||
| Q1 24 | -26.1% | 9.5% |
| Q4 25 | -52.5% | -112.0% | ||
| Q3 25 | -12.0% | -53.5% | ||
| Q2 25 | -25.0% | -73.7% | ||
| Q1 25 | -25.4% | -16.8% | ||
| Q4 24 | -5.3% | -2.3% | ||
| Q3 24 | -6.8% | -82.3% | ||
| Q2 24 | -13.0% | -190.7% | ||
| Q1 24 | -25.5% | 9.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.39 | ||
| Q2 25 | — | $-2.66 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-8.78 | ||
| Q3 24 | — | $-24.82 | ||
| Q2 24 | — | $-37.81 | ||
| Q1 24 | — | $3.32 |
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 | $13.1M |
| Total DebtLower is stronger | — | $83.1M |
| Stockholders' EquityBook value | $15.2M | $119.8M |
| Total Assets | $29.6M | $313.7M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $13.1M | ||
| Q3 25 | $7.6M | $24.8M | ||
| Q2 25 | $10.5M | $5.9M | ||
| Q1 25 | $14.3M | $4.2M | ||
| Q4 24 | $18.0M | $4.5M | ||
| Q3 24 | $16.1M | $7.9M | ||
| Q2 24 | $20.3M | $9.6M | ||
| Q1 24 | $17.5M | $18.9M |
| Q4 25 | — | $83.1M | ||
| Q3 25 | — | $80.0M | ||
| Q2 25 | — | $88.5M | ||
| Q1 25 | — | $92.8M | ||
| Q4 24 | — | $96.7M | ||
| Q3 24 | — | $104.8M | ||
| Q2 24 | — | $106.8M | ||
| Q1 24 | — | $30.0M |
| Q4 25 | $15.2M | $119.8M | ||
| Q3 25 | $22.6M | $55.9M | ||
| Q2 25 | $24.3M | $5.5M | ||
| Q1 25 | $27.0M | $6.3M | ||
| Q4 24 | $30.0M | $8.6M | ||
| Q3 24 | $30.6M | $2.7M | ||
| Q2 24 | $30.9M | $26.7M | ||
| Q1 24 | $33.0M | $59.0M |
| Q4 25 | $29.6M | $313.7M | ||
| Q3 25 | $40.1M | $242.4M | ||
| Q2 25 | $45.4M | $213.5M | ||
| Q1 25 | $49.8M | $218.5M | ||
| Q4 24 | $49.5M | $220.8M | ||
| Q3 24 | $52.1M | $231.5M | ||
| Q2 24 | $59.9M | $270.8M | ||
| Q1 24 | $55.7M | $299.8M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 16.06× | ||
| Q1 25 | — | 14.71× | ||
| Q4 24 | — | 11.19× | ||
| Q3 24 | — | 38.41× | ||
| Q2 24 | — | 4.00× | ||
| Q1 24 | — | 0.51× |
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 | $-37.7M |
| Free Cash FlowOCF − Capex | $-1.0M | $-56.2M |
| FCF MarginFCF / Revenue | -6.9% | -208.7% |
| Capex IntensityCapex / Revenue | 0.0% | 68.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-87.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $-37.7M | ||
| Q3 25 | $-1.6M | $-17.8M | ||
| Q2 25 | $-4.4M | $-3.1M | ||
| Q1 25 | $-3.9M | $-4.0M | ||
| Q4 24 | $-9.0K | $-9.2M | ||
| Q3 24 | $-722.0K | $3.7M | ||
| Q2 24 | $2.9M | $-3.7M | ||
| Q1 24 | $-6.0K | $-10.2M |
| Q4 25 | $-1.0M | $-56.2M | ||
| Q3 25 | $-1.6M | $-20.6M | ||
| Q2 25 | $-4.4M | $-3.5M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-9.3M | ||
| Q3 24 | — | $2.6M | ||
| Q2 24 | $2.9M | $-5.9M | ||
| Q1 24 | $-42.0K | $-11.6M |
| Q4 25 | -6.9% | -208.7% | ||
| Q3 25 | -8.4% | -84.5% | ||
| Q2 25 | -22.7% | -13.5% | ||
| Q1 25 | — | -27.3% | ||
| Q4 24 | — | -47.6% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | 10.3% | -33.4% | ||
| Q1 24 | -0.2% | -30.3% |
| Q4 25 | 0.0% | 68.6% | ||
| Q3 25 | 0.2% | 11.5% | ||
| Q2 25 | 0.0% | 1.5% | ||
| Q1 25 | 0.0% | 11.5% | ||
| Q4 24 | 0.0% | 0.3% | ||
| Q3 24 | 0.0% | 3.6% | ||
| Q2 24 | 0.0% | 12.6% | ||
| Q1 24 | 0.2% | 3.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -2.75× |
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% |
GPUS
| Transferred Over Time | $10.4M | 39% |
| Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities | $5.8M | 21% |
| Hotel And Real Estate Operations | $4.8M | 18% |
| Other | $4.0M | 15% |
| Turn On Green | $2.0M | 7% |
