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

Aterian, Inc. is the larger business by last-quarter revenue ($15.1M vs $9.1M, roughly 1.7× Protalix BioTherapeutics, Inc.). Aterian, Inc. runs the higher net margin — -52.5% vs -60.3%, a 7.8% gap on every dollar of revenue. On growth, Aterian, Inc. posted the faster year-over-year revenue change (-38.5% vs -49.9%). Protalix BioTherapeutics, Inc. produced more free cash flow last quarter ($1.6M vs $-1.0M). Over the past eight quarters, Protalix BioTherapeutics, Inc.'s revenue compounded faster (-6.7% 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.

Protalix BioTherapeutics is an Israeli pharmaceutical company that manufactures a plant-based enzyme, taliglucerase alfa, which has received U.S. Food and Drug Administration approval for the treatment of Gaucher disease.

ATER vs PLX — Head-to-Head

Bigger by revenue
ATER
ATER
1.7× larger
ATER
$15.1M
$9.1M
PLX
Growing faster (revenue YoY)
ATER
ATER
+11.4% gap
ATER
-38.5%
-49.9%
PLX
Higher net margin
ATER
ATER
7.8% more per $
ATER
-52.5%
-60.3%
PLX
More free cash flow
PLX
PLX
$2.7M more FCF
PLX
$1.6M
$-1.0M
ATER
Faster 2-yr revenue CAGR
PLX
PLX
Annualised
PLX
-6.7%
-13.5%
ATER

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATER
ATER
PLX
PLX
Revenue
$15.1M
$9.1M
Net Profit
$-7.9M
$-5.5M
Gross Margin
56.1%
49.4%
Operating Margin
-51.1%
-51.1%
Net Margin
-52.5%
-60.3%
Revenue YoY
-38.5%
-49.9%
Net Profit YoY
-512.2%
-184.8%
EPS (diluted)
$-0.06

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
PLX
PLX
Q4 25
$15.1M
$9.1M
Q3 25
$19.0M
$17.9M
Q2 25
$19.5M
$15.7M
Q1 25
$15.4M
$10.1M
Q4 24
$24.6M
$18.2M
Q3 24
$26.2M
$18.0M
Q2 24
$28.0M
$13.5M
Q1 24
$20.2M
Net Profit
ATER
ATER
PLX
PLX
Q4 25
$-7.9M
$-5.5M
Q3 25
$-2.3M
$2.4M
Q2 25
$-4.9M
$164.0K
Q1 25
$-3.9M
$-3.6M
Q4 24
$-1.3M
$6.5M
Q3 24
$-1.8M
$3.2M
Q2 24
$-3.6M
$-2.2M
Q1 24
$-5.2M
Gross Margin
ATER
ATER
PLX
PLX
Q4 25
56.1%
49.4%
Q3 25
56.1%
53.4%
Q2 25
54.3%
62.5%
Q1 25
61.4%
19.1%
Q4 24
63.4%
78.7%
Q3 24
60.3%
53.4%
Q2 24
60.4%
29.8%
Q1 24
65.1%
Operating Margin
ATER
ATER
PLX
PLX
Q4 25
-51.1%
-51.1%
Q3 25
-10.7%
11.9%
Q2 25
-23.1%
7.5%
Q1 25
-24.1%
-41.0%
Q4 24
-6.5%
39.6%
Q3 24
-6.6%
22.2%
Q2 24
-11.5%
-18.0%
Q1 24
-26.1%
Net Margin
ATER
ATER
PLX
PLX
Q4 25
-52.5%
-60.3%
Q3 25
-12.0%
13.2%
Q2 25
-25.0%
1.0%
Q1 25
-25.4%
-35.8%
Q4 24
-5.3%
35.6%
Q3 24
-6.8%
18.0%
Q2 24
-13.0%
-16.4%
Q1 24
-25.5%
EPS (diluted)
ATER
ATER
PLX
PLX
Q4 25
$-0.06
Q3 25
$0.03
Q2 25
$0.00
Q1 25
$-0.05
Q4 24
$0.10
Q3 24
$0.03
Q2 24
$-0.03
Q1 24

Balance Sheet & Financial Strength

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

Metric
ATER
ATER
PLX
PLX
Cash + ST InvestmentsLiquidity on hand
$4.9M
$14.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.2M
$48.2M
Total Assets
$29.6M
$82.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATER
ATER
PLX
PLX
Q4 25
$4.9M
$14.7M
Q3 25
$7.6M
$13.6M
Q2 25
$10.5M
$17.9M
Q1 25
$14.3M
$19.5M
Q4 24
$18.0M
$19.8M
Q3 24
$16.1M
$27.4M
Q2 24
$20.3M
$23.4M
Q1 24
$17.5M
Stockholders' Equity
ATER
ATER
PLX
PLX
Q4 25
$15.2M
$48.2M
Q3 25
$22.6M
$52.9M
Q2 25
$24.3M
$49.9M
Q1 25
$27.0M
$45.2M
Q4 24
$30.0M
$43.2M
Q3 24
$30.6M
$32.4M
Q2 24
$30.9M
$28.6M
Q1 24
$33.0M
Total Assets
ATER
ATER
PLX
PLX
Q4 25
$29.6M
$82.3M
Q3 25
$40.1M
$82.3M
Q2 25
$45.4M
$78.5M
Q1 25
$49.8M
$73.9M
Q4 24
$49.5M
$73.4M
Q3 24
$52.1M
$61.6M
Q2 24
$59.9M
$91.5M
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
PLX
PLX
Operating Cash FlowLast quarter
$-1.0M
$2.0M
Free Cash FlowOCF − Capex
$-1.0M
$1.6M
FCF MarginFCF / Revenue
-6.9%
17.8%
Capex IntensityCapex / Revenue
0.0%
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATER
ATER
PLX
PLX
Q4 25
$-1.0M
$2.0M
Q3 25
$-1.6M
$-3.7M
Q2 25
$-4.4M
$-5.2M
Q1 25
$-3.9M
$-5.1M
Q4 24
$-9.0K
$4.0M
Q3 24
$-722.0K
$4.1M
Q2 24
$2.9M
$-3.6M
Q1 24
$-6.0K
Free Cash Flow
ATER
ATER
PLX
PLX
Q4 25
$-1.0M
$1.6M
Q3 25
$-1.6M
$-4.2M
Q2 25
$-4.4M
$-5.7M
Q1 25
$-5.4M
Q4 24
$3.6M
Q3 24
$4.0M
Q2 24
$2.9M
$-3.8M
Q1 24
$-42.0K
FCF Margin
ATER
ATER
PLX
PLX
Q4 25
-6.9%
17.8%
Q3 25
-8.4%
-23.7%
Q2 25
-22.7%
-36.2%
Q1 25
-53.0%
Q4 24
19.6%
Q3 24
22.4%
Q2 24
10.3%
-28.1%
Q1 24
-0.2%
Capex Intensity
ATER
ATER
PLX
PLX
Q4 25
0.0%
4.4%
Q3 25
0.2%
2.8%
Q2 25
0.0%
2.8%
Q1 25
0.0%
3.0%
Q4 24
0.0%
2.3%
Q3 24
0.0%
0.5%
Q2 24
0.0%
1.3%
Q1 24
0.2%
Cash Conversion
ATER
ATER
PLX
PLX
Q4 25
Q3 25
-1.58×
Q2 25
-31.91×
Q1 25
Q4 24
0.61×
Q3 24
1.27×
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%

PLX
PLX

Products$8.7M95%
Other$428.0K5%

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