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Side-by-side financial comparison of Aterian, Inc. (ATER) and Owlet, Inc. (OWLT). Click either name above to swap in a different company.
Owlet, Inc. is the larger business by last-quarter revenue ($26.6M vs $15.1M, roughly 1.8× Aterian, Inc.). Owlet, Inc. runs the higher net margin — -34.6% vs -52.5%, a 17.9% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs -38.5%). Owlet, Inc. produced more free cash flow last quarter ($-651.0K vs $-1.0M). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% 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.
Owlet, Inc. is a pediatric health technology firm that develops smart wearable monitoring products for infants, most notably its signature smart sock that tracks real-time heart rate, oxygen levels, and sleep metrics. It serves global consumer markets across North America, Europe, and Asia-Pacific, distributing products via direct-to-consumer e-commerce and partnered retail outlets, focused on supporting parental peace of mind and infant health safety.
ATER vs OWLT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $26.6M |
| Net Profit | $-7.9M | $-9.2M |
| Gross Margin | 56.1% | 47.6% |
| Operating Margin | -51.1% | -18.4% |
| Net Margin | -52.5% | -34.6% |
| Revenue YoY | -38.5% | 29.6% |
| Net Profit YoY | -512.2% | -1.5% |
| 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 | $26.6M | ||
| Q3 25 | $19.0M | $32.0M | ||
| Q2 25 | $19.5M | $26.1M | ||
| Q1 25 | $15.4M | $21.1M | ||
| Q4 24 | $24.6M | $20.5M | ||
| Q3 24 | $26.2M | $22.1M | ||
| Q2 24 | $28.0M | $20.7M | ||
| Q1 24 | $20.2M | $14.8M |
| Q4 25 | $-7.9M | $-9.2M | ||
| Q3 25 | $-2.3M | $4.1M | ||
| Q2 25 | $-4.9M | $-37.6M | ||
| Q1 25 | $-3.9M | $3.0M | ||
| Q4 24 | $-1.3M | $-9.1M | ||
| Q3 24 | $-1.8M | $-5.6M | ||
| Q2 24 | $-3.6M | $-1.1M | ||
| Q1 24 | $-5.2M | $3.3M |
| Q4 25 | 56.1% | 47.6% | ||
| Q3 25 | 56.1% | 50.6% | ||
| Q2 25 | 54.3% | 51.3% | ||
| Q1 25 | 61.4% | 53.7% | ||
| Q4 24 | 63.4% | 53.5% | ||
| Q3 24 | 60.3% | 52.2% | ||
| Q2 24 | 60.4% | 49.5% | ||
| Q1 24 | 65.1% | 44.4% |
| Q4 25 | -51.1% | -18.4% | ||
| Q3 25 | -10.7% | 3.8% | ||
| Q2 25 | -23.1% | -7.4% | ||
| Q1 25 | -24.1% | -12.7% | ||
| Q4 24 | -6.5% | -36.2% | ||
| Q3 24 | -6.6% | -21.8% | ||
| Q2 24 | -11.5% | -10.8% | ||
| Q1 24 | -26.1% | -39.0% |
| Q4 25 | -52.5% | -34.6% | ||
| Q3 25 | -12.0% | 12.9% | ||
| Q2 25 | -25.0% | -144.4% | ||
| Q1 25 | -25.4% | 14.3% | ||
| Q4 24 | -5.3% | -44.2% | ||
| Q3 24 | -6.8% | -25.4% | ||
| Q2 24 | -13.0% | -5.5% | ||
| Q1 24 | -25.5% | 22.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.06 | ||
| Q2 25 | — | $-2.37 | ||
| Q1 25 | — | $0.11 | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | — | $-0.61 | ||
| Q2 24 | — | $-0.30 | ||
| Q1 24 | — | $-0.51 |
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 | $35.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | $19.0M |
| Total Assets | $29.6M | $85.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $35.5M | ||
| Q3 25 | $7.6M | $23.8M | ||
| Q2 25 | $10.5M | $21.8M | ||
| Q1 25 | $14.3M | $16.3M | ||
| Q4 24 | $18.0M | $20.2M | ||
| Q3 24 | $16.1M | $21.6M | ||
| Q2 24 | $20.3M | $15.4M | ||
| Q1 24 | $17.5M | $18.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $2.1M | ||
| Q1 24 | — | $4.0M |
| Q4 25 | $15.2M | $19.0M | ||
| Q3 25 | $22.6M | $-54.1M | ||
| Q2 25 | $24.3M | $-59.2M | ||
| Q1 25 | $27.0M | $-25.8M | ||
| Q4 24 | $30.0M | $-29.8M | ||
| Q3 24 | $30.6M | $-21.5M | ||
| Q2 24 | $30.9M | $-33.4M | ||
| Q1 24 | $33.0M | $-32.9M |
| Q4 25 | $29.6M | $85.6M | ||
| Q3 25 | $40.1M | $74.9M | ||
| Q2 25 | $45.4M | $63.5M | ||
| Q1 25 | $49.8M | $51.4M | ||
| Q4 24 | $49.5M | $49.5M | ||
| Q3 24 | $52.1M | $56.1M | ||
| Q2 24 | $59.9M | $45.9M | ||
| Q1 24 | $55.7M | $43.8M |
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 | $-452.0K |
| Free Cash FlowOCF − Capex | $-1.0M | $-651.0K |
| FCF MarginFCF / Revenue | -6.9% | -2.5% |
| Capex IntensityCapex / Revenue | 0.0% | 0.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-11.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $-452.0K | ||
| Q3 25 | $-1.6M | $-2.2M | ||
| Q2 25 | $-4.4M | $-2.2M | ||
| Q1 25 | $-3.9M | $-5.9M | ||
| Q4 24 | $-9.0K | $3.0M | ||
| Q3 24 | $-722.0K | $-7.5M | ||
| Q2 24 | $2.9M | $-3.4M | ||
| Q1 24 | $-6.0K | $-3.4M |
| Q4 25 | $-1.0M | $-651.0K | ||
| Q3 25 | $-1.6M | $-2.2M | ||
| Q2 25 | $-4.4M | $-2.3M | ||
| Q1 25 | — | $-5.9M | ||
| Q4 24 | — | $3.0M | ||
| Q3 24 | — | $-7.5M | ||
| Q2 24 | $2.9M | $-3.4M | ||
| Q1 24 | $-42.0K | — |
| Q4 25 | -6.9% | -2.5% | ||
| Q3 25 | -8.4% | -6.8% | ||
| Q2 25 | -22.7% | -8.8% | ||
| Q1 25 | — | -28.1% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | — | -33.9% | ||
| Q2 24 | 10.3% | -16.3% | ||
| Q1 24 | -0.2% | — |
| Q4 25 | 0.0% | 0.7% | ||
| Q3 25 | 0.2% | 0.0% | ||
| Q2 25 | 0.0% | 0.2% | ||
| Q1 25 | 0.0% | 0.0% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | 0.0% | 0.0% | ||
| Q1 24 | 0.2% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.52× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -1.96× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -1.03× |
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% |
OWLT
| US | $22.7M | 85% |
| Non Us | $3.2M | 12% |
| Other | $651.0K | 2% |
