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Side-by-side financial comparison of Aterian, Inc. (ATER) and Laird Superfood, Inc. (LSF). Click either name above to swap in a different company.
Aterian, Inc. is the larger business by last-quarter revenue ($15.1M vs $13.3M, roughly 1.1× Laird Superfood, Inc.). Laird Superfood, Inc. runs the higher net margin — -13.2% vs -52.5%, a 39.3% gap on every dollar of revenue. On growth, Laird Superfood, Inc. posted the faster year-over-year revenue change (15.0% vs -38.5%). Over the past eight quarters, Laird Superfood, Inc.'s revenue compounded faster (16.1% 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.
Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.
ATER vs LSF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $13.3M |
| Net Profit | $-7.9M | $-1.8M |
| Gross Margin | 56.1% | 34.1% |
| Operating Margin | -51.1% | -13.5% |
| Net Margin | -52.5% | -13.2% |
| Revenue YoY | -38.5% | 15.0% |
| Net Profit YoY | -512.2% | -341.4% |
| 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 | $13.3M | ||
| Q3 25 | $19.0M | $12.9M | ||
| Q2 25 | $19.5M | $12.0M | ||
| Q1 25 | $15.4M | $11.7M | ||
| Q4 24 | $24.6M | $11.6M | ||
| Q3 24 | $26.2M | $11.8M | ||
| Q2 24 | $28.0M | $10.0M | ||
| Q1 24 | $20.2M | $9.9M |
| Q4 25 | $-7.9M | $-1.8M | ||
| Q3 25 | $-2.3M | $-975.1K | ||
| Q2 25 | $-4.9M | $-362.2K | ||
| Q1 25 | $-3.9M | $-156.2K | ||
| Q4 24 | $-1.3M | $-398.4K | ||
| Q3 24 | $-1.8M | $-166.1K | ||
| Q2 24 | $-3.6M | $-239.1K | ||
| Q1 24 | $-5.2M | $-1.0M |
| Q4 25 | 56.1% | 34.1% | ||
| Q3 25 | 56.1% | 36.5% | ||
| Q2 25 | 54.3% | 39.9% | ||
| Q1 25 | 61.4% | 41.9% | ||
| Q4 24 | 63.4% | 38.6% | ||
| Q3 24 | 60.3% | 43.0% | ||
| Q2 24 | 60.4% | 41.8% | ||
| Q1 24 | 65.1% | 40.0% |
| Q4 25 | -51.1% | -13.5% | ||
| Q3 25 | -10.7% | -7.7% | ||
| Q2 25 | -23.1% | -3.3% | ||
| Q1 25 | -24.1% | -1.9% | ||
| Q4 24 | -6.5% | -4.1% | ||
| Q3 24 | -6.6% | -2.3% | ||
| Q2 24 | -11.5% | -3.4% | ||
| Q1 24 | -26.1% | -11.0% |
| Q4 25 | -52.5% | -13.2% | ||
| Q3 25 | -12.0% | -7.6% | ||
| Q2 25 | -25.0% | -3.0% | ||
| Q1 25 | -25.4% | -1.3% | ||
| Q4 24 | -5.3% | -3.4% | ||
| Q3 24 | -6.8% | -1.4% | ||
| Q2 24 | -13.0% | -2.4% | ||
| Q1 24 | -25.5% | -10.3% |
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 | $5.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | $11.5M |
| Total Assets | $29.6M | $19.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $5.1M | ||
| Q3 25 | $7.6M | $5.1M | ||
| Q2 25 | $10.5M | $3.9M | ||
| Q1 25 | $14.3M | $7.0M | ||
| Q4 24 | $18.0M | $8.3M | ||
| Q3 24 | $16.1M | $7.9M | ||
| Q2 24 | $20.3M | $7.6M | ||
| Q1 24 | $17.5M | $7.1M |
| Q4 25 | $15.2M | $11.5M | ||
| Q3 25 | $22.6M | $12.8M | ||
| Q2 25 | $24.3M | $13.4M | ||
| Q1 25 | $27.0M | $13.3M | ||
| Q4 24 | $30.0M | $13.2M | ||
| Q3 24 | $30.6M | $13.1M | ||
| Q2 24 | $30.9M | $12.6M | ||
| Q1 24 | $33.0M | $12.7M |
| Q4 25 | $29.6M | $19.2M | ||
| Q3 25 | $40.1M | $18.9M | ||
| Q2 25 | $45.4M | $20.4M | ||
| Q1 25 | $49.8M | $21.5M | ||
| Q4 24 | $49.5M | $19.3M | ||
| Q3 24 | $52.1M | $18.8M | ||
| Q2 24 | $59.9M | $18.0M | ||
| Q1 24 | $55.7M | $17.6M |
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 | $68.4K |
| 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 | $68.4K | ||
| Q3 25 | $-1.6M | $1.2M | ||
| Q2 25 | $-4.4M | $-2.8M | ||
| Q1 25 | $-3.9M | $-1.3M | ||
| Q4 24 | $-9.0K | $339.2K | ||
| Q3 24 | $-722.0K | $305.8K | ||
| Q2 24 | $2.9M | $642.7K | ||
| Q1 24 | $-6.0K | $-422.3K |
| 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% |
LSF
| Wholesale | $7.0M | 52% |
| Coffee Tea And Hot Chocolate Products | $4.4M | 33% |
| Hydration And Beverage Enhancing Supplements | $1.6M | 12% |
| Other | $352.6K | 3% |
