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Side-by-side financial comparison of Aterian, Inc. (ATER) and SharpLink Gaming, Inc. (SBET). Click either name above to swap in a different company.
Aterian, Inc. is the larger business by last-quarter revenue ($15.1M vs $10.8M, roughly 1.4× SharpLink Gaming, Inc.). SharpLink Gaming, Inc. runs the higher net margin — 961.6% vs -52.5%, a 1014.1% gap on every dollar of revenue. On growth, SharpLink Gaming, Inc. posted the faster year-over-year revenue change (1129.9% vs -38.5%). Aterian, Inc. produced more free cash flow last quarter ($-1.0M vs $-6.3M).
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.
Bonne Terre Limited is a British-based gambling company, owned by Flutter Entertainment, with headquarters in Leeds, West Yorkshire and offices in Solihull. Sky Betting & Gaming consists of five core brands: Sky Bet, Sky Vegas, Sky Casino, Sky Poker and Sky Bingo.
ATER vs SBET — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $10.8M |
| Net Profit | $-7.9M | $104.3M |
| Gross Margin | 56.1% | — |
| Operating Margin | -51.1% | — |
| Net Margin | -52.5% | 961.6% |
| Revenue YoY | -38.5% | 1129.9% |
| Net Profit YoY | -512.2% | 11880.2% |
| EPS (diluted) | — | $0.62 |
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 | — | ||
| Q3 25 | $19.0M | $10.8M | ||
| Q2 25 | $19.5M | $697.3K | ||
| Q1 25 | $15.4M | $741.7K | ||
| Q4 24 | $24.6M | $823.1K | ||
| Q3 24 | $26.2M | $881.7K | ||
| Q2 24 | $28.0M | $981.3K | ||
| Q1 24 | $20.2M | $975.9K |
| Q4 25 | $-7.9M | — | ||
| Q3 25 | $-2.3M | $104.3M | ||
| Q2 25 | $-4.9M | $-103.4M | ||
| Q1 25 | $-3.9M | $-974.9K | ||
| Q4 24 | $-1.3M | — | ||
| Q3 24 | $-1.8M | $-885.1K | ||
| Q2 24 | $-3.6M | $-463.0K | ||
| Q1 24 | $-5.2M | $12.4M |
| Q4 25 | 56.1% | — | ||
| Q3 25 | 56.1% | — | ||
| Q2 25 | 54.3% | 30.0% | ||
| Q1 25 | 61.4% | 17.8% | ||
| Q4 24 | 63.4% | 20.2% | ||
| Q3 24 | 60.3% | 19.6% | ||
| Q2 24 | 60.4% | 28.5% | ||
| Q1 24 | 65.1% | 29.4% |
| Q4 25 | -51.1% | — | ||
| Q3 25 | -10.7% | — | ||
| Q2 25 | -23.1% | -14826.0% | ||
| Q1 25 | -24.1% | -124.8% | ||
| Q4 24 | -6.5% | — | ||
| Q3 24 | -6.6% | -90.4% | ||
| Q2 24 | -11.5% | -122.8% | ||
| Q1 24 | -26.1% | -172.6% |
| Q4 25 | -52.5% | — | ||
| Q3 25 | -12.0% | 961.6% | ||
| Q2 25 | -25.0% | -14832.1% | ||
| Q1 25 | -25.4% | -131.4% | ||
| Q4 24 | -5.3% | — | ||
| Q3 24 | -6.8% | -100.4% | ||
| Q2 24 | -13.0% | -47.2% | ||
| Q1 24 | -25.5% | 1265.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | $0.62 | ||
| Q2 25 | — | $-4.27 | ||
| Q1 25 | — | $-1.84 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-3.02 | ||
| Q2 24 | — | $-1.35 | ||
| Q1 24 | — | $40.31 |
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 | — | — |
| Stockholders' EquityBook value | $15.2M | $3.1B |
| Total Assets | $29.6M | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | — | ||
| Q3 25 | $7.6M | — | ||
| Q2 25 | $10.5M | — | ||
| Q1 25 | $14.3M | — | ||
| Q4 24 | $18.0M | — | ||
| Q3 24 | $16.1M | — | ||
| Q2 24 | $20.3M | — | ||
| Q1 24 | $17.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | — |
| Q4 25 | $15.2M | — | ||
| Q3 25 | $22.6M | $3.1B | ||
| Q2 25 | $24.3M | $452.5M | ||
| Q1 25 | $27.0M | $2.1M | ||
| Q4 24 | $30.0M | $2.1M | ||
| Q3 24 | $30.6M | $2.0M | ||
| Q2 24 | $30.9M | $2.8M | ||
| Q1 24 | $33.0M | $2.9M |
| Q4 25 | $29.6M | — | ||
| Q3 25 | $40.1M | $3.1B | ||
| Q2 25 | $45.4M | $453.9M | ||
| Q1 25 | $49.8M | $2.8M | ||
| Q4 24 | $49.5M | $2.6M | ||
| Q3 24 | $52.1M | $2.9M | ||
| Q2 24 | $59.9M | $3.8M | ||
| Q1 24 | $55.7M | $5.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | — |
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 | $-6.3M |
| Free Cash FlowOCF − Capex | $-1.0M | $-6.3M |
| FCF MarginFCF / Revenue | -6.9% | -57.9% |
| Capex IntensityCapex / Revenue | 0.0% | 0.0% |
| Cash ConversionOCF / Net Profit | — | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | — | ||
| Q3 25 | $-1.6M | $-6.3M | ||
| Q2 25 | $-4.4M | $-1.6M | ||
| Q1 25 | $-3.9M | $-514.1K | ||
| Q4 24 | $-9.0K | $-22.8M | ||
| Q3 24 | $-722.0K | $-591.2K | ||
| Q2 24 | $2.9M | $-1.7M | ||
| Q1 24 | $-6.0K | $-19.3M |
| Q4 25 | $-1.0M | — | ||
| Q3 25 | $-1.6M | $-6.3M | ||
| Q2 25 | $-4.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-22.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | $2.9M | — | ||
| Q1 24 | $-42.0K | $-19.3M |
| Q4 25 | -6.9% | — | ||
| Q3 25 | -8.4% | -57.9% | ||
| Q2 25 | -22.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -2772.0% | ||
| Q3 24 | — | — | ||
| Q2 24 | 10.3% | — | ||
| Q1 24 | -0.2% | -1977.2% |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.2% | 0.0% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | 0.0% | 0.0% | ||
| Q1 24 | 0.2% | 0.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.06× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -1.56× |
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% |
SBET
| ETH Staking Segmet | $10.3M | 95% |
| Other | $569.8K | 5% |
