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Side-by-side financial comparison of Aterian, Inc. (ATER) and LANDMARK BANCORP INC (LARK). Click either name above to swap in a different company.
LANDMARK BANCORP INC is the larger business by last-quarter revenue ($18.8M vs $15.1M, roughly 1.2× Aterian, Inc.). LANDMARK BANCORP INC runs the higher net margin — 27.0% vs -52.5%, a 79.5% gap on every dollar of revenue. On growth, LANDMARK BANCORP INC posted the faster year-over-year revenue change (14.0% vs -38.5%). Over the past eight quarters, LANDMARK BANCORP INC's revenue compounded faster (13.1% 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.
Landmark Bancorp Inc is a U.S.-based bank holding company operating Landmark National Bank, primarily serving communities across Kansas. It provides a full range of personal and commercial banking services including deposit accounts, residential mortgages, commercial loans, and wealth management solutions, catering to individual consumers, small businesses and local mid-sized enterprises.
ATER vs LARK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $18.8M |
| Net Profit | $-7.9M | $5.1M |
| Gross Margin | 56.1% | — |
| Operating Margin | -51.1% | — |
| Net Margin | -52.5% | 27.0% |
| Revenue YoY | -38.5% | 14.0% |
| Net Profit YoY | -512.2% | 7.8% |
| 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.
| Q1 26 | — | $18.8M | ||
| Q4 25 | $15.1M | $18.7M | ||
| Q3 25 | $19.0M | $18.2M | ||
| Q2 25 | $19.5M | $17.3M | ||
| Q1 25 | $15.4M | $16.5M | ||
| Q4 24 | $24.6M | $15.8M | ||
| Q3 24 | $26.2M | $15.9M | ||
| Q2 24 | $28.0M | $14.7M |
| Q1 26 | — | $5.1M | ||
| Q4 25 | $-7.9M | $4.7M | ||
| Q3 25 | $-2.3M | $4.9M | ||
| Q2 25 | $-4.9M | $4.4M | ||
| Q1 25 | $-3.9M | $4.7M | ||
| Q4 24 | $-1.3M | $3.3M | ||
| Q3 24 | $-1.8M | $3.9M | ||
| Q2 24 | $-3.6M | $3.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -51.1% | 31.7% | ||
| Q3 25 | -10.7% | 33.4% | ||
| Q2 25 | -23.1% | 30.9% | ||
| Q1 25 | -24.1% | 34.7% | ||
| Q4 24 | -6.5% | 15.2% | ||
| Q3 24 | -6.6% | 30.3% | ||
| Q2 24 | -11.5% | 24.5% |
| Q1 26 | — | 27.0% | ||
| Q4 25 | -52.5% | 32.1% | ||
| Q3 25 | -12.0% | 27.1% | ||
| Q2 25 | -25.0% | 25.4% | ||
| Q1 25 | -25.4% | 28.5% | ||
| Q4 24 | -5.3% | 26.5% | ||
| Q3 24 | -6.8% | 24.8% | ||
| Q2 24 | -13.0% | 20.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.66 | ||
| Q3 25 | — | $0.85 | ||
| Q2 25 | — | $0.75 | ||
| Q1 25 | — | $0.81 | ||
| Q4 24 | — | $0.47 | ||
| Q3 24 | — | $0.68 | ||
| Q2 24 | — | $0.52 |
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 | $31.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | — |
| Total Assets | $29.6M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $31.9M | ||
| Q4 25 | $4.9M | — | ||
| Q3 25 | $7.6M | — | ||
| Q2 25 | $10.5M | — | ||
| Q1 25 | $14.3M | — | ||
| Q4 24 | $18.0M | — | ||
| Q3 24 | $16.1M | — | ||
| Q2 24 | $20.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $15.2M | $160.6M | ||
| Q3 25 | $22.6M | $155.7M | ||
| Q2 25 | $24.3M | $148.4M | ||
| Q1 25 | $27.0M | $142.7M | ||
| Q4 24 | $30.0M | $136.2M | ||
| Q3 24 | $30.6M | $139.7M | ||
| Q2 24 | $30.9M | $128.3M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $29.6M | $1.6B | ||
| Q3 25 | $40.1M | $1.6B | ||
| Q2 25 | $45.4M | $1.6B | ||
| Q1 25 | $49.8M | $1.6B | ||
| Q4 24 | $49.5M | $1.6B | ||
| Q3 24 | $52.1M | $1.6B | ||
| Q2 24 | $59.9M | $1.6B |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $-1.0M | $21.6M | ||
| Q3 25 | $-1.6M | $10.3M | ||
| Q2 25 | $-4.4M | $439.0K | ||
| Q1 25 | $-3.9M | $8.0M | ||
| Q4 24 | $-9.0K | $14.2M | ||
| Q3 24 | $-722.0K | $8.1M | ||
| Q2 24 | $2.9M | $4.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.0M | $21.0M | ||
| Q3 25 | $-1.6M | $10.1M | ||
| Q2 25 | $-4.4M | $354.0K | ||
| Q1 25 | — | $8.0M | ||
| Q4 24 | — | $11.9M | ||
| Q3 24 | — | $7.8M | ||
| Q2 24 | $2.9M | $3.8M |
| Q1 26 | — | — | ||
| Q4 25 | -6.9% | 112.5% | ||
| Q3 25 | -8.4% | 55.4% | ||
| Q2 25 | -22.7% | 2.0% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | 75.6% | ||
| Q3 24 | — | 49.3% | ||
| Q2 24 | 10.3% | 25.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 3.2% | ||
| Q3 25 | 0.2% | 1.4% | ||
| Q2 25 | 0.0% | 0.5% | ||
| Q1 25 | 0.0% | 0.3% | ||
| Q4 24 | 0.0% | 14.7% | ||
| Q3 24 | 0.0% | 1.8% | ||
| Q2 24 | 0.0% | 4.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.56× | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 1.71× | ||
| Q4 24 | — | 4.34× | ||
| Q3 24 | — | 2.06× | ||
| Q2 24 | — | 1.45× |
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% |
LARK
Segment breakdown not available.
