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Side-by-side financial comparison of Aterian, Inc. (ATER) and Maison Solutions Inc. (MSS). Click either name above to swap in a different company.
Maison Solutions Inc. is the larger business by last-quarter revenue ($27.6M vs $15.1M, roughly 1.8× Aterian, Inc.). Maison Solutions Inc. runs the higher net margin — -18.0% vs -52.5%, a 34.5% gap on every dollar of revenue. On growth, Maison Solutions Inc. posted the faster year-over-year revenue change (-10.9% vs -38.5%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% 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.
Maison Solutions Inc.MSSEarnings & Financial Report
Maison Solutions Inc. is a specialty home goods retail company that provides a diverse portfolio of stylish, affordably priced furniture, home decor items, and daily household products. Its primary market is the Guangdong-Hong Kong-Macao Greater Bay Area in China, serving mass consumers through both offline physical stores and online e-commerce channels.
ATER vs MSS — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $27.6M |
| Net Profit | $-7.9M | $-5.0M |
| Gross Margin | 56.1% | 23.4% |
| Operating Margin | -51.1% | -4.9% |
| Net Margin | -52.5% | -18.0% |
| Revenue YoY | -38.5% | -10.9% |
| Net Profit YoY | -512.2% | -1840.5% |
| EPS (diluted) | — | $-0.23 |
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 | $27.6M | ||
| Q3 25 | $19.0M | $27.2M | ||
| Q2 25 | $19.5M | $34.4M | ||
| Q1 25 | $15.4M | $32.3M | ||
| Q4 24 | $24.6M | $29.4M | ||
| Q3 24 | $26.2M | $28.2M | ||
| Q2 24 | $28.0M | $16.9M | ||
| Q1 24 | $20.2M | $13.6M |
| Q4 25 | $-7.9M | $-5.0M | ||
| Q3 25 | $-2.3M | $-1.5M | ||
| Q2 25 | $-4.9M | $-287.4K | ||
| Q1 25 | $-3.9M | $1.0M | ||
| Q4 24 | $-1.3M | $-256.0K | ||
| Q3 24 | $-1.8M | $700.9K | ||
| Q2 24 | $-3.6M | $-2.8M | ||
| Q1 24 | $-5.2M | $-549.0K |
| Q4 25 | 56.1% | 23.4% | ||
| Q3 25 | 56.1% | 24.1% | ||
| Q2 25 | 54.3% | 9.5% | ||
| Q1 25 | 61.4% | 21.8% | ||
| Q4 24 | 63.4% | 26.9% | ||
| Q3 24 | 60.3% | 28.9% | ||
| Q2 24 | 60.4% | 13.0% | ||
| Q1 24 | 65.1% | 23.4% |
| Q4 25 | -51.1% | -4.9% | ||
| Q3 25 | -10.7% | 0.7% | ||
| Q2 25 | -23.1% | -15.9% | ||
| Q1 25 | -24.1% | 3.7% | ||
| Q4 24 | -6.5% | 3.2% | ||
| Q3 24 | -6.6% | 7.3% | ||
| Q2 24 | -11.5% | -14.4% | ||
| Q1 24 | -26.1% | -2.3% |
| Q4 25 | -52.5% | -18.0% | ||
| Q3 25 | -12.0% | -5.7% | ||
| Q2 25 | -25.0% | -0.8% | ||
| Q1 25 | -25.4% | 3.1% | ||
| Q4 24 | -5.3% | -0.9% | ||
| Q3 24 | -6.8% | 2.5% | ||
| Q2 24 | -13.0% | -16.4% | ||
| Q1 24 | -25.5% | -4.0% |
| Q4 25 | — | $-0.23 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-0.02 | ||
| Q1 25 | — | $0.06 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | — | $0.04 | ||
| Q2 24 | — | $-0.16 | ||
| Q1 24 | — | $-0.03 |
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 | — |
| Total DebtLower is stronger | — | $2.6M |
| Stockholders' EquityBook value | $15.2M | $11.6M |
| Total Assets | $29.6M | $75.4M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | — | ||
| Q3 25 | $7.6M | $1.1M | ||
| Q2 25 | $10.5M | $775.4K | ||
| Q1 25 | $14.3M | $445.4K | ||
| Q4 24 | $18.0M | $355.7K | ||
| Q3 24 | $16.1M | $588.9K | ||
| Q2 24 | $20.3M | $2.1M | ||
| Q1 24 | $17.5M | $9.4M |
| Q4 25 | — | $2.6M | ||
| Q3 25 | — | $2.6M | ||
| Q2 25 | — | $2.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.5M | ||
| Q2 24 | — | $2.6M | ||
| Q1 24 | — | $2.6M |
| Q4 25 | $15.2M | $11.6M | ||
| Q3 25 | $22.6M | $10.1M | ||
| Q2 25 | $24.3M | $11.7M | ||
| Q1 25 | $27.0M | $12.0M | ||
| Q4 24 | $30.0M | $10.9M | ||
| Q3 24 | $30.6M | $11.2M | ||
| Q2 24 | $30.9M | $10.5M | ||
| Q1 24 | $33.0M | $13.3M |
| Q4 25 | $29.6M | $75.4M | ||
| Q3 25 | $40.1M | $73.3M | ||
| Q2 25 | $45.4M | $77.4M | ||
| Q1 25 | $49.8M | $82.7M | ||
| Q4 24 | $49.5M | $82.7M | ||
| Q3 24 | $52.1M | $82.1M | ||
| Q2 24 | $59.9M | $82.4M | ||
| Q1 24 | $55.7M | $44.2M |
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.24× | ||
| Q1 24 | — | 0.19× |
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 | $-1.7M |
| 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 | $-1.7M | ||
| Q3 25 | $-1.6M | $1.1M | ||
| Q2 25 | $-4.4M | $-1.6M | ||
| Q1 25 | $-3.9M | $1.7M | ||
| Q4 24 | $-9.0K | $1.1M | ||
| Q3 24 | $-722.0K | $3.6M | ||
| Q2 24 | $2.9M | $-2.6M | ||
| Q1 24 | $-6.0K | $-1.4M |
| 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% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.66× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.12× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
MSS
| Perishables | $14.4M | 52% |
| Nonperishables | $13.2M | 48% |
