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Side-by-side financial comparison of Aterian, Inc. (ATER) and NexPoint Real Estate Finance, Inc. (NREF). Click either name above to swap in a different company.
Aterian, Inc. is the larger business by last-quarter revenue ($15.1M vs $11.1M, roughly 1.4× NexPoint Real Estate Finance, Inc.). NexPoint Real Estate Finance, Inc. runs the higher net margin — 216.6% vs -52.5%, a 269.1% gap on every dollar of revenue. On growth, Aterian, Inc. posted the faster year-over-year revenue change (-38.5% vs -48.8%).
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.
NexPoint Real Estate Finance, Inc. is a US-based commercial real estate finance firm that offers structured financing solutions for multifamily, office, industrial, and hospitality properties. It focuses on originating, managing and servicing a diversified portfolio of mortgage loans and real estate-related investments to deliver stable risk-adjusted returns to stakeholders.
ATER vs NREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $11.1M |
| Net Profit | $-7.9M | $24.0M |
| Gross Margin | 56.1% | — |
| Operating Margin | -51.1% | — |
| Net Margin | -52.5% | 216.6% |
| Revenue YoY | -38.5% | -48.8% |
| Net Profit YoY | -512.2% | 58.7% |
| EPS (diluted) | — | $0.47 |
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 | $11.1M | ||
| Q3 25 | $19.0M | $12.5M | ||
| Q2 25 | $19.5M | $12.1M | ||
| Q1 25 | $15.4M | $11.5M | ||
| Q4 24 | $24.6M | $21.7M | ||
| Q3 24 | $26.2M | $12.5M | ||
| Q2 24 | $28.0M | $6.7M | ||
| Q1 24 | $20.2M | $-12.8M |
| Q4 25 | $-7.9M | $24.0M | ||
| Q3 25 | $-2.3M | $50.9M | ||
| Q2 25 | $-4.9M | $22.3M | ||
| Q1 25 | $-3.9M | $26.0M | ||
| Q4 24 | $-1.3M | $15.2M | ||
| Q3 24 | $-1.8M | $23.3M | ||
| Q2 24 | $-3.6M | $12.1M | ||
| Q1 24 | $-5.2M | $-14.6M |
| 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% | — |
| Q4 25 | -51.1% | — | ||
| Q3 25 | -10.7% | — | ||
| Q2 25 | -23.1% | — | ||
| Q1 25 | -24.1% | — | ||
| Q4 24 | -6.5% | — | ||
| Q3 24 | -6.6% | — | ||
| Q2 24 | -11.5% | — | ||
| Q1 24 | -26.1% | — |
| Q4 25 | -52.5% | 216.6% | ||
| Q3 25 | -12.0% | 407.0% | ||
| Q2 25 | -25.0% | 184.5% | ||
| Q1 25 | -25.4% | 225.6% | ||
| Q4 24 | -5.3% | 69.9% | ||
| Q3 24 | -6.8% | 186.4% | ||
| Q2 24 | -13.0% | 179.7% | ||
| Q1 24 | -25.5% | 114.3% |
| Q4 25 | — | $0.47 | ||
| Q3 25 | — | $1.14 | ||
| Q2 25 | — | $0.54 | ||
| Q1 25 | — | $0.70 | ||
| Q4 24 | — | $0.71 | ||
| Q3 24 | — | $0.74 | ||
| Q2 24 | — | $0.40 | ||
| Q1 24 | — | $-0.83 |
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 | $31.1M |
| Total DebtLower is stronger | — | $771.2M |
| Stockholders' EquityBook value | $15.2M | $388.0M |
| Total Assets | $29.6M | $5.3B |
| Debt / EquityLower = less leverage | — | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $31.1M | ||
| Q3 25 | $7.6M | $17.9M | ||
| Q2 25 | $10.5M | $9.1M | ||
| Q1 25 | $14.3M | $19.2M | ||
| Q4 24 | $18.0M | $3.9M | ||
| Q3 24 | $16.1M | $34.7M | ||
| Q2 24 | $20.3M | $4.3M | ||
| Q1 24 | $17.5M | $13.5M |
| Q4 25 | — | $771.2M | ||
| Q3 25 | — | $720.9M | ||
| Q2 25 | — | $815.6M | ||
| Q1 25 | — | $831.5M | ||
| Q4 24 | — | $799.3M | ||
| Q3 24 | — | $815.5M | ||
| Q2 24 | — | $861.0M | ||
| Q1 24 | — | $843.3M |
| Q4 25 | $15.2M | $388.0M | ||
| Q3 25 | $22.6M | $375.4M | ||
| Q2 25 | $24.3M | $348.2M | ||
| Q1 25 | $27.0M | $343.7M | ||
| Q4 24 | $30.0M | $336.5M | ||
| Q3 24 | $30.6M | $335.8M | ||
| Q2 24 | $30.9M | $327.5M | ||
| Q1 24 | $33.0M | $327.1M |
| Q4 25 | $29.6M | $5.3B | ||
| Q3 25 | $40.1M | $5.3B | ||
| Q2 25 | $45.4M | $5.4B | ||
| Q1 25 | $49.8M | $5.4B | ||
| Q4 24 | $49.5M | $5.4B | ||
| Q3 24 | $52.1M | $5.7B | ||
| Q2 24 | $59.9M | $6.6B | ||
| Q1 24 | $55.7M | $7.1B |
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 1.92× | ||
| Q2 25 | — | 2.34× | ||
| Q1 25 | — | 2.42× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 2.43× | ||
| Q2 24 | — | 2.63× | ||
| Q1 24 | — | 2.58× |
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 | $-4.5M |
| Free Cash FlowOCF − Capex | $-1.0M | — |
| FCF MarginFCF / Revenue | -6.9% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | -0.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $-4.5M | ||
| Q3 25 | $-1.6M | $8.1M | ||
| Q2 25 | $-4.4M | $3.3M | ||
| Q1 25 | $-3.9M | $16.0M | ||
| Q4 24 | $-9.0K | $4.4M | ||
| Q3 24 | $-722.0K | $14.7M | ||
| Q2 24 | $2.9M | $-7.5M | ||
| Q1 24 | $-6.0K | $17.7M |
| 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 | — | -0.19× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.62× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.63× | ||
| Q2 24 | — | -0.62× | ||
| 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% |
NREF
Segment breakdown not available.
