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Side-by-side financial comparison of Aterian, Inc. (ATER) and Local Bounti Corporation (LOCL). Click either name above to swap in a different company.
Aterian, Inc. is the larger business by last-quarter revenue ($15.1M vs $12.5M, roughly 1.2× Local Bounti Corporation). Aterian, Inc. runs the higher net margin — -52.5% vs -69.8%, a 17.3% gap on every dollar of revenue. On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs -38.5%). Aterian, Inc. produced more free cash flow last quarter ($-1.0M vs $-3.6M). Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% 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.
Local Bounti Corporation is a U.S.-based sustainable indoor agriculture firm growing fresh, pesticide-free leafy greens, herbs and produce via advanced hydroponic and vertical farming tech. It serves North American retail and food service partners, focusing on low environmental impact and stable year-round supply.
ATER vs LOCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $12.5M |
| Net Profit | $-7.9M | $-8.7M |
| Gross Margin | 56.1% | 12.2% |
| Operating Margin | -51.1% | -106.1% |
| Net Margin | -52.5% | -69.8% |
| Revenue YoY | -38.5% | 23.7% |
| Net Profit YoY | -512.2% | 76.0% |
| EPS (diluted) | — | $1.52 |
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 | $12.5M | ||
| Q3 25 | $19.0M | $12.2M | ||
| Q2 25 | $19.5M | $12.1M | ||
| Q1 25 | $15.4M | $11.6M | ||
| Q4 24 | $24.6M | $10.1M | ||
| Q3 24 | $26.2M | $10.2M | ||
| Q2 24 | $28.0M | $9.4M | ||
| Q1 24 | $20.2M | $8.4M |
| Q4 25 | $-7.9M | $-8.7M | ||
| Q3 25 | $-2.3M | $-26.4M | ||
| Q2 25 | $-4.9M | $-21.6M | ||
| Q1 25 | $-3.9M | $-37.7M | ||
| Q4 24 | $-1.3M | $-36.3M | ||
| Q3 24 | $-1.8M | $-34.3M | ||
| Q2 24 | $-3.6M | $-25.3M | ||
| Q1 24 | $-5.2M | $-24.1M |
| Q4 25 | 56.1% | 12.2% | ||
| Q3 25 | 56.1% | 11.5% | ||
| Q2 25 | 54.3% | 12.2% | ||
| Q1 25 | 61.4% | 12.6% | ||
| Q4 24 | 63.4% | 5.4% | ||
| Q3 24 | 60.3% | 13.8% | ||
| Q2 24 | 60.4% | 14.3% | ||
| Q1 24 | 65.1% | 9.4% |
| Q4 25 | -51.1% | -106.1% | ||
| Q3 25 | -10.7% | -149.4% | ||
| Q2 25 | -23.1% | -127.7% | ||
| Q1 25 | -24.1% | -135.6% | ||
| Q4 24 | -6.5% | -166.6% | ||
| Q3 24 | -6.6% | -176.0% | ||
| Q2 24 | -11.5% | -146.8% | ||
| Q1 24 | -26.1% | -122.9% |
| Q4 25 | -52.5% | -69.8% | ||
| Q3 25 | -12.0% | -216.6% | ||
| Q2 25 | -25.0% | -178.3% | ||
| Q1 25 | -25.4% | -324.6% | ||
| Q4 24 | -5.3% | -360.1% | ||
| Q3 24 | -6.8% | -335.2% | ||
| Q2 24 | -13.0% | -267.6% | ||
| Q1 24 | -25.5% | -286.9% |
| Q4 25 | — | $1.52 | ||
| Q3 25 | — | $-1.18 | ||
| Q2 25 | — | $-1.63 | ||
| Q1 25 | — | $-4.32 | ||
| Q4 24 | — | $-4.24 | ||
| Q3 24 | — | $-4.01 | ||
| Q2 24 | — | $-3.00 | ||
| Q1 24 | — | $-2.89 |
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 | $4.2M |
| Total DebtLower is stronger | — | $483.1M |
| Stockholders' EquityBook value | $15.2M | $-166.2M |
| Total Assets | $29.6M | $410.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $4.2M | ||
| Q3 25 | $7.6M | $6.2M | ||
| Q2 25 | $10.5M | $5.3M | ||
| Q1 25 | $14.3M | $18.0M | ||
| Q4 24 | $18.0M | $937.0K | ||
| Q3 24 | $16.1M | $317.0K | ||
| Q2 24 | $20.3M | $9.7M | ||
| Q1 24 | $17.5M | $8.2M |
| Q4 25 | — | $483.1M | ||
| Q3 25 | — | $484.9M | ||
| Q2 25 | — | $478.3M | ||
| Q1 25 | — | $480.0M | ||
| Q4 24 | — | $436.8M | ||
| Q3 24 | — | $398.4M | ||
| Q2 24 | — | $374.0M | ||
| Q1 24 | — | $329.8M |
| Q4 25 | $15.2M | $-166.2M | ||
| Q3 25 | $22.6M | $-158.1M | ||
| Q2 25 | $24.3M | $-132.7M | ||
| Q1 25 | $27.0M | $-134.5M | ||
| Q4 24 | $30.0M | $-100.5M | ||
| Q3 24 | $30.6M | $-65.6M | ||
| Q2 24 | $30.9M | $-32.8M | ||
| Q1 24 | $33.0M | $-9.4M |
| Q4 25 | $29.6M | $410.5M | ||
| Q3 25 | $40.1M | $417.8M | ||
| Q2 25 | $45.4M | $426.8M | ||
| Q1 25 | $49.8M | $447.2M | ||
| Q4 24 | $49.5M | $428.0M | ||
| Q3 24 | $52.1M | $430.8M | ||
| Q2 24 | $59.9M | $438.1M | ||
| Q1 24 | $55.7M | $413.4M |
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 | $-3.1M |
| Free Cash FlowOCF − Capex | $-1.0M | $-3.6M |
| FCF MarginFCF / Revenue | -6.9% | -29.1% |
| Capex IntensityCapex / Revenue | 0.0% | 3.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-42.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $-3.1M | ||
| Q3 25 | $-1.6M | $-8.9M | ||
| Q2 25 | $-4.4M | $-8.7M | ||
| Q1 25 | $-3.9M | $-9.6M | ||
| Q4 24 | $-9.0K | $1.2M | ||
| Q3 24 | $-722.0K | $-17.2M | ||
| Q2 24 | $2.9M | $-4.0M | ||
| Q1 24 | $-6.0K | $-7.1M |
| Q4 25 | $-1.0M | $-3.6M | ||
| Q3 25 | $-1.6M | $-10.1M | ||
| Q2 25 | $-4.4M | $-14.6M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | — | $-30.0M | ||
| Q2 24 | $2.9M | $-28.8M | ||
| Q1 24 | $-42.0K | $-42.1M |
| Q4 25 | -6.9% | -29.1% | ||
| Q3 25 | -8.4% | -82.8% | ||
| Q2 25 | -22.7% | -121.0% | ||
| Q1 25 | — | -125.1% | ||
| Q4 24 | — | -85.3% | ||
| Q3 24 | — | -293.1% | ||
| Q2 24 | 10.3% | -305.4% | ||
| Q1 24 | -0.2% | -501.8% |
| Q4 25 | 0.0% | 3.9% | ||
| Q3 25 | 0.2% | 9.7% | ||
| Q2 25 | 0.0% | 48.9% | ||
| Q1 25 | 0.0% | 42.8% | ||
| Q4 24 | 0.0% | 97.6% | ||
| Q3 24 | 0.0% | 125.0% | ||
| Q2 24 | 0.0% | 263.0% | ||
| Q1 24 | 0.2% | 417.3% |
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% |
LOCL
Segment breakdown not available.
