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Side-by-side financial comparison of Aterian, Inc. (ATER) and Snail, Inc. (SNAL). Click either name above to swap in a different company.
Snail, Inc. is the larger business by last-quarter revenue ($25.1M vs $15.1M, roughly 1.7× Aterian, Inc.). Snail, Inc. runs the higher net margin — -3.4% vs -52.5%, a 49.1% gap on every dollar of revenue. On growth, Snail, Inc. posted the faster year-over-year revenue change (-4.2% vs -38.5%). Over the past eight quarters, Snail, Inc.'s revenue compounded faster (33.4% 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.
Suzhou Snail Digital Technology Co., Ltd., doing business as Snail, is a Chinese video game company and a Virtual Network Operator headquartered in Suzhou, China, which has branches Snail Games and Snail Mobile. Its division, Snail USA, markets Snail Games products in North America, South America, & Europe. Snail Games products include massively multiplayer online (MMOs), real-time strategy (RTS), and casual games. Its global registered user base has reached over 70 million accounts. The U.S....
ATER vs SNAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $25.1M |
| Net Profit | $-7.9M | $-862.2K |
| Gross Margin | 56.1% | 38.3% |
| Operating Margin | -51.1% | -6.0% |
| Net Margin | -52.5% | -3.4% |
| Revenue YoY | -38.5% | -4.2% |
| Net Profit YoY | -512.2% | -177.0% |
| 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 | $25.1M | ||
| Q3 25 | $19.0M | $13.8M | ||
| Q2 25 | $19.5M | $22.2M | ||
| Q1 25 | $15.4M | $20.1M | ||
| Q4 24 | $24.6M | $26.2M | ||
| Q3 24 | $26.2M | $22.5M | ||
| Q2 24 | $28.0M | $21.6M | ||
| Q1 24 | $20.2M | $14.1M |
| Q4 25 | $-7.9M | $-862.2K | ||
| Q3 25 | $-2.3M | $-7.9M | ||
| Q2 25 | $-4.9M | $-16.6M | ||
| Q1 25 | $-3.9M | $-1.9M | ||
| Q4 24 | $-1.3M | $1.1M | ||
| Q3 24 | $-1.8M | $235.1K | ||
| Q2 24 | $-3.6M | $2.3M | ||
| Q1 24 | $-5.2M | $-1.8M |
| Q4 25 | 56.1% | 38.3% | ||
| Q3 25 | 56.1% | 0.1% | ||
| Q2 25 | 54.3% | 31.3% | ||
| Q1 25 | 61.4% | 29.1% | ||
| Q4 24 | 63.4% | 43.3% | ||
| Q3 24 | 60.3% | 38.6% | ||
| Q2 24 | 60.4% | 37.5% | ||
| Q1 24 | 65.1% | 14.7% |
| Q4 25 | -51.1% | -6.0% | ||
| Q3 25 | -10.7% | -71.3% | ||
| Q2 25 | -23.1% | -8.2% | ||
| Q1 25 | -24.1% | -20.4% | ||
| Q4 24 | -6.5% | 11.5% | ||
| Q3 24 | -6.6% | 1.8% | ||
| Q2 24 | -11.5% | 12.4% | ||
| Q1 24 | -26.1% | -15.6% |
| Q4 25 | -52.5% | -3.4% | ||
| Q3 25 | -12.0% | -56.9% | ||
| Q2 25 | -25.0% | -74.7% | ||
| Q1 25 | -25.4% | -9.7% | ||
| Q4 24 | -5.3% | 4.3% | ||
| Q3 24 | -6.8% | 1.0% | ||
| Q2 24 | -13.0% | 10.4% | ||
| Q1 24 | -25.5% | -12.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-0.44 | ||
| Q1 25 | — | $-0.06 | ||
| Q4 24 | — | $0.03 | ||
| Q3 24 | — | $0.01 | ||
| Q2 24 | — | $0.06 | ||
| Q1 24 | — | $-0.05 |
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 | $8.6M |
| Total DebtLower is stronger | — | $14.6M |
| Stockholders' EquityBook value | $15.2M | $-16.4M |
| Total Assets | $29.6M | $59.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $8.6M | ||
| Q3 25 | $7.6M | $12.3M | ||
| Q2 25 | $10.5M | $7.9M | ||
| Q1 25 | $14.3M | $9.4M | ||
| Q4 24 | $18.0M | $7.3M | ||
| Q3 24 | $16.1M | $10.6M | ||
| Q2 24 | $20.3M | $15.5M | ||
| Q1 24 | $17.5M | $16.1M |
| Q4 25 | — | $14.6M | ||
| Q3 25 | — | $10.5M | ||
| Q2 25 | — | $11.8M | ||
| Q1 25 | — | $9.0M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | $5.8M | ||
| Q1 24 | — | $6.5M |
| Q4 25 | $15.2M | $-16.4M | ||
| Q3 25 | $22.6M | $-15.6M | ||
| Q2 25 | $24.3M | $-8.0M | ||
| Q1 25 | $27.0M | $9.1M | ||
| Q4 24 | $30.0M | $9.7M | ||
| Q3 24 | $30.6M | $8.2M | ||
| Q2 24 | $30.9M | $7.9M | ||
| Q1 24 | $33.0M | $5.6M |
| Q4 25 | $29.6M | $59.3M | ||
| Q3 25 | $40.1M | $51.1M | ||
| Q2 25 | $45.4M | $58.0M | ||
| Q1 25 | $49.8M | $64.5M | ||
| Q4 24 | $49.5M | $62.2M | ||
| Q3 24 | $52.1M | $66.8M | ||
| Q2 24 | $59.9M | $75.4M | ||
| Q1 24 | $55.7M | $78.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.73× | ||
| Q1 24 | — | 1.16× |
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 | $-5.3M |
| 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.
| Q4 25 | $-1.0M | $-5.3M | ||
| Q3 25 | $-1.6M | $6.6M | ||
| Q2 25 | $-4.4M | $-3.2M | ||
| Q1 25 | $-3.9M | $764.5K | ||
| Q4 24 | $-9.0K | $-3.6M | ||
| Q3 24 | $-722.0K | $-5.0M | ||
| Q2 24 | $2.9M | $206.6K | ||
| Q1 24 | $-6.0K | $6.8M |
| 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 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.21× | ||
| Q3 24 | — | -21.05× | ||
| Q2 24 | — | 0.09× | ||
| 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% |
SNAL
| Pc | $14.7M | 59% |
| Platform Three | $5.2M | 21% |
| Platform Two | $3.3M | 13% |
| Sales Channel Directly To Consumer Mobile Sale | $1.6M | 6% |
