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Side-by-side financial comparison of Aterian, Inc. (ATER) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Sol-Gel Technologies Ltd. is the larger business by last-quarter revenue ($17.3M vs $15.1M, roughly 1.1× Aterian, Inc.). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs -52.5%, a 119.8% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs -38.5%).

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.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

ATER vs SLGL — Head-to-Head

Bigger by revenue
SLGL
SLGL
1.1× larger
SLGL
$17.3M
$15.1M
ATER
Growing faster (revenue YoY)
SLGL
SLGL
+256.2% gap
SLGL
217.7%
-38.5%
ATER
Higher net margin
SLGL
SLGL
119.8% more per $
SLGL
67.3%
-52.5%
ATER

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ATER
ATER
SLGL
SLGL
Revenue
$15.1M
$17.3M
Net Profit
$-7.9M
$11.6M
Gross Margin
56.1%
Operating Margin
-51.1%
65.1%
Net Margin
-52.5%
67.3%
Revenue YoY
-38.5%
217.7%
Net Profit YoY
-512.2%
487.6%
EPS (diluted)
$4.17

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
SLGL
SLGL
Q4 25
$15.1M
Q3 25
$19.0M
Q2 25
$19.5M
$17.3M
Q1 25
$15.4M
Q4 24
$24.6M
Q3 24
$26.2M
Q2 24
$28.0M
$5.4M
Q1 24
$20.2M
Net Profit
ATER
ATER
SLGL
SLGL
Q4 25
$-7.9M
Q3 25
$-2.3M
Q2 25
$-4.9M
$11.6M
Q1 25
$-3.9M
Q4 24
$-1.3M
Q3 24
$-1.8M
Q2 24
$-3.6M
$2.0M
Q1 24
$-5.2M
Gross Margin
ATER
ATER
SLGL
SLGL
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
SLGL
SLGL
Q4 25
-51.1%
Q3 25
-10.7%
Q2 25
-23.1%
65.1%
Q1 25
-24.1%
Q4 24
-6.5%
Q3 24
-6.6%
Q2 24
-11.5%
29.9%
Q1 24
-26.1%
Net Margin
ATER
ATER
SLGL
SLGL
Q4 25
-52.5%
Q3 25
-12.0%
Q2 25
-25.0%
67.3%
Q1 25
-25.4%
Q4 24
-5.3%
Q3 24
-6.8%
Q2 24
-13.0%
36.4%
Q1 24
-25.5%
EPS (diluted)
ATER
ATER
SLGL
SLGL
Q4 25
Q3 25
Q2 25
$4.17
Q1 25
Q4 24
Q3 24
Q2 24
$0.71
Q1 24

Balance Sheet & Financial Strength

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

Metric
ATER
ATER
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$4.9M
$24.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.2M
$31.9M
Total Assets
$29.6M
$39.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATER
ATER
SLGL
SLGL
Q4 25
$4.9M
Q3 25
$7.6M
Q2 25
$10.5M
$24.3M
Q1 25
$14.3M
Q4 24
$18.0M
Q3 24
$16.1M
Q2 24
$20.3M
$26.5M
Q1 24
$17.5M
Stockholders' Equity
ATER
ATER
SLGL
SLGL
Q4 25
$15.2M
Q3 25
$22.6M
Q2 25
$24.3M
$31.9M
Q1 25
$27.0M
Q4 24
$30.0M
Q3 24
$30.6M
Q2 24
$30.9M
$34.9M
Q1 24
$33.0M
Total Assets
ATER
ATER
SLGL
SLGL
Q4 25
$29.6M
Q3 25
$40.1M
Q2 25
$45.4M
$39.3M
Q1 25
$49.8M
Q4 24
$49.5M
Q3 24
$52.1M
Q2 24
$59.9M
$42.0M
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
SLGL
SLGL
Operating Cash FlowLast quarter
$-1.0M
Free Cash FlowOCF − Capex
$-1.0M
FCF MarginFCF / Revenue
-6.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATER
ATER
SLGL
SLGL
Q4 25
$-1.0M
Q3 25
$-1.6M
Q2 25
$-4.4M
Q1 25
$-3.9M
Q4 24
$-9.0K
Q3 24
$-722.0K
Q2 24
$2.9M
Q1 24
$-6.0K
Free Cash Flow
ATER
ATER
SLGL
SLGL
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
SLGL
SLGL
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
SLGL
SLGL
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%

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%

SLGL
SLGL

Segment breakdown not available.

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