vs
Side-by-side financial comparison of Aterian, Inc. (ATER) and VersaBank (VBNK). Click either name above to swap in a different company.
VersaBank is the larger business by last-quarter revenue ($26.7M vs $15.1M, roughly 1.8× Aterian, Inc.). VersaBank runs the higher net margin — 30.3% vs -52.5%, a 82.8% gap on every dollar of revenue. On growth, VersaBank posted the faster year-over-year revenue change (31.2% vs -38.5%). Over the past eight quarters, VersaBank's revenue compounded faster (16.6% 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.
VersaBank is a Canada-based digital-first financial institution offering commercial lending, high-interest deposit accounts and customized financial services for SMEs, retail clients and institutional partners across North America. It operates no physical branches, using secure digital infrastructure to deliver efficient, cost-effective banking experiences.
ATER vs VBNK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $26.7M |
| Net Profit | $-7.9M | $8.1M |
| Gross Margin | 56.1% | — |
| Operating Margin | -51.1% | — |
| Net Margin | -52.5% | 30.3% |
| Revenue YoY | -38.5% | 31.2% |
| Net Profit YoY | -512.2% | 35.9% |
| 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.
| Q1 26 | — | $26.7M | ||
| Q4 25 | $15.1M | — | ||
| Q3 25 | $19.0M | $23.1M | ||
| Q2 25 | $19.5M | $22.0M | ||
| Q1 25 | $15.4M | $20.3M | ||
| Q4 24 | $24.6M | — | ||
| Q3 24 | $26.2M | $19.7M | ||
| Q2 24 | $28.0M | $20.8M |
| Q1 26 | — | $8.1M | ||
| Q4 25 | $-7.9M | — | ||
| Q3 25 | $-2.3M | $4.8M | ||
| Q2 25 | $-4.9M | $6.2M | ||
| Q1 25 | $-3.9M | $5.9M | ||
| Q4 24 | $-1.3M | — | ||
| Q3 24 | $-1.8M | $7.1M | ||
| Q2 24 | $-3.6M | $8.6M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -51.1% | — | ||
| Q3 25 | -10.7% | — | ||
| Q2 25 | -23.1% | — | ||
| Q1 25 | -24.1% | — | ||
| Q4 24 | -6.5% | — | ||
| Q3 24 | -6.6% | — | ||
| Q2 24 | -11.5% | — |
| Q1 26 | — | 30.3% | ||
| Q4 25 | -52.5% | — | ||
| Q3 25 | -12.0% | 20.8% | ||
| Q2 25 | -25.0% | 28.3% | ||
| Q1 25 | -25.4% | 29.3% | ||
| Q4 24 | -5.3% | — | ||
| Q3 24 | -6.8% | 35.9% | ||
| Q2 24 | -13.0% | 41.5% |
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 | $458.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | $396.4M |
| Total Assets | $29.6M | $4.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $458.4M | ||
| Q4 25 | $4.9M | — | ||
| Q3 25 | $7.6M | $336.0M | ||
| Q2 25 | $10.5M | $248.3M | ||
| Q1 25 | $14.3M | $282.3M | ||
| Q4 24 | $18.0M | — | ||
| Q3 24 | $16.1M | $181.0M | ||
| Q2 24 | $20.3M | $145.1M |
| Q1 26 | — | $396.4M | ||
| Q4 25 | $15.2M | — | ||
| Q3 25 | $22.6M | $385.5M | ||
| Q2 25 | $24.3M | $385.7M | ||
| Q1 25 | $27.0M | $380.5M | ||
| Q4 24 | $30.0M | — | ||
| Q3 24 | $30.6M | $298.6M | ||
| Q2 24 | $30.9M | $292.1M |
| Q1 26 | — | $4.5B | ||
| Q4 25 | $29.6M | — | ||
| Q3 25 | $40.1M | $4.0B | ||
| Q2 25 | $45.4M | $3.7B | ||
| Q1 25 | $49.8M | $3.6B | ||
| Q4 24 | $49.5M | — | ||
| Q3 24 | $52.1M | $3.3B | ||
| Q2 24 | $59.9M | $3.2B |
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 | $40.6M |
| Free Cash FlowOCF − Capex | $-1.0M | — |
| FCF MarginFCF / Revenue | -6.9% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | 5.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.6M | ||
| Q4 25 | $-1.0M | — | ||
| Q3 25 | $-1.6M | — | ||
| Q2 25 | $-4.4M | — | ||
| Q1 25 | $-3.9M | $-65.0M | ||
| Q4 24 | $-9.0K | — | ||
| Q3 24 | $-722.0K | — | ||
| Q2 24 | $2.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | $-1.0M | — | ||
| Q3 25 | $-1.6M | — | ||
| Q2 25 | $-4.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $2.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | -6.9% | — | ||
| Q3 25 | -8.4% | — | ||
| Q2 25 | -22.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 10.3% | — |
| Q1 26 | — | — | ||
| 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 26 | — | 5.03× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -10.94× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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% |
VBNK
Segment breakdown not available.
