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Side-by-side financial comparison of Aterian, Inc. (ATER) and Neuphoria Therapeutics Inc. (NEUP). Click either name above to swap in a different company.

Aterian, Inc. is the larger business by last-quarter revenue ($15.1M vs $15.0M, roughly 1.0× Neuphoria Therapeutics Inc.). Neuphoria Therapeutics Inc. runs the higher net margin — 75.1% vs -52.5%, a 127.6% gap on every dollar of revenue.

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.

Neuphoria Therapeutics Inc is a clinical-stage biopharmaceutical company focused on researching and developing innovative targeted therapies for unmet medical needs in neurological and psychiatric conditions, including anxiety, treatment-resistant depression, and other central nervous system disorders. Its core R&D efforts prioritize delivering safer, more effective treatment options for patient groups with limited existing care alternatives.

ATER vs NEUP — Head-to-Head

Bigger by revenue
ATER
ATER
1.0× larger
ATER
$15.1M
$15.0M
NEUP
Higher net margin
NEUP
NEUP
127.6% more per $
NEUP
75.1%
-52.5%
ATER

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ATER
ATER
NEUP
NEUP
Revenue
$15.1M
$15.0M
Net Profit
$-7.9M
$11.3M
Gross Margin
56.1%
Operating Margin
-51.1%
79.8%
Net Margin
-52.5%
75.1%
Revenue YoY
-38.5%
Net Profit YoY
-512.2%
EPS (diluted)
$6.55

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.

Revenue
ATER
ATER
NEUP
NEUP
Q4 25
$15.1M
Q3 25
$19.0M
Q2 25
$19.5M
Q1 25
$15.4M
$15.0M
Q4 24
$24.6M
Q3 24
$26.2M
Q2 24
$28.0M
Q1 24
$20.2M
Net Profit
ATER
ATER
NEUP
NEUP
Q4 25
$-7.9M
Q3 25
$-2.3M
Q2 25
$-4.9M
Q1 25
$-3.9M
$11.3M
Q4 24
$-1.3M
Q3 24
$-1.8M
Q2 24
$-3.6M
Q1 24
$-5.2M
Gross Margin
ATER
ATER
NEUP
NEUP
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 24
65.1%
Operating Margin
ATER
ATER
NEUP
NEUP
Q4 25
-51.1%
Q3 25
-10.7%
Q2 25
-23.1%
Q1 25
-24.1%
79.8%
Q4 24
-6.5%
Q3 24
-6.6%
Q2 24
-11.5%
Q1 24
-26.1%
Net Margin
ATER
ATER
NEUP
NEUP
Q4 25
-52.5%
Q3 25
-12.0%
Q2 25
-25.0%
Q1 25
-25.4%
75.1%
Q4 24
-5.3%
Q3 24
-6.8%
Q2 24
-13.0%
Q1 24
-25.5%
EPS (diluted)
ATER
ATER
NEUP
NEUP
Q4 25
Q3 25
Q2 25
Q1 25
$6.55
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATER
ATER
NEUP
NEUP
Cash + ST InvestmentsLiquidity on hand
$4.9M
$17.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.2M
$26.0M
Total Assets
$29.6M
$30.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATER
ATER
NEUP
NEUP
Q4 25
$4.9M
Q3 25
$7.6M
Q2 25
$10.5M
Q1 25
$14.3M
$17.0M
Q4 24
$18.0M
Q3 24
$16.1M
Q2 24
$20.3M
Q1 24
$17.5M
Stockholders' Equity
ATER
ATER
NEUP
NEUP
Q4 25
$15.2M
Q3 25
$22.6M
Q2 25
$24.3M
Q1 25
$27.0M
$26.0M
Q4 24
$30.0M
Q3 24
$30.6M
Q2 24
$30.9M
Q1 24
$33.0M
Total Assets
ATER
ATER
NEUP
NEUP
Q4 25
$29.6M
Q3 25
$40.1M
Q2 25
$45.4M
Q1 25
$49.8M
$30.7M
Q4 24
$49.5M
Q3 24
$52.1M
Q2 24
$59.9M
Q1 24
$55.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATER
ATER
NEUP
NEUP
Operating Cash FlowLast quarter
$-1.0M
$11.5M
Free Cash FlowOCF − Capex
$-1.0M
FCF MarginFCF / Revenue
-6.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.02×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATER
ATER
NEUP
NEUP
Q4 25
$-1.0M
Q3 25
$-1.6M
Q2 25
$-4.4M
Q1 25
$-3.9M
$11.5M
Q4 24
$-9.0K
Q3 24
$-722.0K
Q2 24
$2.9M
Q1 24
$-6.0K
Free Cash Flow
ATER
ATER
NEUP
NEUP
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
FCF Margin
ATER
ATER
NEUP
NEUP
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%
Capex Intensity
ATER
ATER
NEUP
NEUP
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%
Cash Conversion
ATER
ATER
NEUP
NEUP
Q4 25
Q3 25
Q2 25
Q1 25
1.02×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATER
ATER

Sales Channel Directly To Consumer$13.1M87%
Heating Cooling And Air Quality$2.1M14%

NEUP
NEUP

Segment breakdown not available.

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