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Side-by-side financial comparison of Aterian, Inc. (ATER) and SS Innovations International, Inc. (SSII). Click either name above to swap in a different company.
Aterian, Inc. is the larger business by last-quarter revenue ($15.1M vs $14.5M, roughly 1.0× SS Innovations International, Inc.). SS Innovations International, Inc. runs the higher net margin — -17.0% vs -52.5%, a 35.5% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs -38.5%). Aterian, Inc. produced more free cash flow last quarter ($-1.0M vs $-3.2M). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% 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.
SS Innovations International, Inc. is a global medical technology enterprise specializing in the research, development and manufacturing of innovative surgical robotic systems. It provides high-precision, accessible robotic platforms for minimally invasive surgery, catering to healthcare facilities across multiple regions to boost surgical outcomes and cut procedural burdens.
ATER vs SSII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $14.5M |
| Net Profit | $-7.9M | $-2.5M |
| Gross Margin | 56.1% | 43.9% |
| Operating Margin | -51.1% | -3.7% |
| Net Margin | -52.5% | -17.0% |
| Revenue YoY | -38.5% | 79.1% |
| Net Profit YoY | -512.2% | -28.5% |
| EPS (diluted) | — | $-0.01 |
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 | $14.5M | ||
| Q3 25 | $19.0M | $12.8M | ||
| Q2 25 | $19.5M | $10.0M | ||
| Q1 25 | $15.4M | $5.1M | ||
| Q4 24 | $24.6M | $8.1M | ||
| Q3 24 | $26.2M | $4.4M | ||
| Q2 24 | $28.0M | $4.5M | ||
| Q1 24 | $20.2M | $3.6M |
| Q4 25 | $-7.9M | $-2.5M | ||
| Q3 25 | $-2.3M | $-3.7M | ||
| Q2 25 | $-4.9M | $-256.7K | ||
| Q1 25 | $-3.9M | $-5.7M | ||
| Q4 24 | $-1.3M | $-1.9M | ||
| Q3 24 | $-1.8M | $-3.2M | ||
| Q2 24 | $-3.6M | $-4.1M | ||
| Q1 24 | $-5.2M | $-9.8M |
| Q4 25 | 56.1% | 43.9% | ||
| Q3 25 | 56.1% | 48.1% | ||
| Q2 25 | 54.3% | 59.1% | ||
| Q1 25 | 61.4% | 21.2% | ||
| Q4 24 | 63.4% | 48.9% | ||
| Q3 24 | 60.3% | 52.8% | ||
| Q2 24 | 60.4% | 31.9% | ||
| Q1 24 | 65.1% | 20.0% |
| Q4 25 | -51.1% | -3.7% | ||
| Q3 25 | -10.7% | -14.3% | ||
| Q2 25 | -23.1% | 1.0% | ||
| Q1 25 | -24.1% | -115.6% | ||
| Q4 24 | -6.5% | -22.7% | ||
| Q3 24 | -6.6% | -73.1% | ||
| Q2 24 | -11.5% | -90.9% | ||
| Q1 24 | -26.1% | -270.3% |
| Q4 25 | -52.5% | -17.0% | ||
| Q3 25 | -12.0% | -29.0% | ||
| Q2 25 | -25.0% | -2.6% | ||
| Q1 25 | -25.4% | -111.0% | ||
| Q4 24 | -5.3% | -23.7% | ||
| Q3 24 | -6.8% | -74.0% | ||
| Q2 24 | -13.0% | -91.8% | ||
| Q1 24 | -25.5% | -270.5% |
| Q4 25 | — | $-0.01 | ||
| Q3 25 | — | $-0.02 | ||
| Q2 25 | — | $0.00 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | — | $-0.02 | ||
| Q2 24 | — | $-0.02 | ||
| Q1 24 | — | $-0.06 |
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 | $3.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | $38.2M |
| Total Assets | $29.6M | $74.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $3.2M | ||
| Q3 25 | $7.6M | $5.7M | ||
| Q2 25 | $10.5M | $11.4M | ||
| Q1 25 | $14.3M | $15.9M | ||
| Q4 24 | $18.0M | $466.5K | ||
| Q3 24 | $16.1M | $220.4K | ||
| Q2 24 | $20.3M | $608.2K | ||
| Q1 24 | $17.5M | $948.1K |
| Q4 25 | $15.2M | $38.2M | ||
| Q3 25 | $22.6M | $39.6M | ||
| Q2 25 | $24.3M | $42.0M | ||
| Q1 25 | $27.0M | $40.6M | ||
| Q4 24 | $30.0M | $13.5M | ||
| Q3 24 | $30.6M | $13.7M | ||
| Q2 24 | $30.9M | $14.8M | ||
| Q1 24 | $33.0M | $16.7M |
| Q4 25 | $29.6M | $74.2M | ||
| Q3 25 | $40.1M | $69.6M | ||
| Q2 25 | $45.4M | $70.0M | ||
| Q1 25 | $49.8M | $63.5M | ||
| Q4 24 | $49.5M | $42.4M | ||
| Q3 24 | $52.1M | $39.0M | ||
| Q2 24 | $59.9M | $35.7M | ||
| Q1 24 | $55.7M | $35.2M |
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 | $-1.5M |
| Free Cash FlowOCF − Capex | $-1.0M | $-3.2M |
| FCF MarginFCF / Revenue | -6.9% | -22.3% |
| Capex IntensityCapex / Revenue | 0.0% | 11.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-22.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $-1.5M | ||
| Q3 25 | $-1.6M | $-7.5M | ||
| Q2 25 | $-4.4M | $-3.5M | ||
| Q1 25 | $-3.9M | $-6.1M | ||
| Q4 24 | $-9.0K | $-3.3M | ||
| Q3 24 | $-722.0K | $-2.5M | ||
| Q2 24 | $2.9M | $-1.0M | ||
| Q1 24 | $-6.0K | $-2.7M |
| Q4 25 | $-1.0M | $-3.2M | ||
| Q3 25 | $-1.6M | $-8.2M | ||
| Q2 25 | $-4.4M | $-3.8M | ||
| Q1 25 | — | $-7.0M | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | — | $-4.2M | ||
| Q2 24 | $2.9M | $-3.1M | ||
| Q1 24 | $-42.0K | $-2.8M |
| Q4 25 | -6.9% | -22.3% | ||
| Q3 25 | -8.4% | -64.1% | ||
| Q2 25 | -22.7% | -37.7% | ||
| Q1 25 | — | -136.2% | ||
| Q4 24 | — | -41.7% | ||
| Q3 24 | — | -96.9% | ||
| Q2 24 | 10.3% | -69.5% | ||
| Q1 24 | -0.2% | -76.9% |
| Q4 25 | 0.0% | 11.8% | ||
| Q3 25 | 0.2% | 5.9% | ||
| Q2 25 | 0.0% | 3.2% | ||
| Q1 25 | 0.0% | 17.0% | ||
| Q4 24 | 0.0% | 1.5% | ||
| Q3 24 | 0.0% | 38.8% | ||
| Q2 24 | 0.0% | 46.8% | ||
| Q1 24 | 0.2% | 3.5% |
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% |
SSII
| System Sales | $13.4M | 92% |
| Other | $1.2M | 8% |
