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Side-by-side financial comparison of Aterian, Inc. (ATER) and Venus Concept Inc. (VERO). Click either name above to swap in a different company.
Aterian, Inc. is the larger business by last-quarter revenue ($15.1M vs $13.8M, roughly 1.1× Venus Concept Inc.). Aterian, Inc. runs the higher net margin — -52.5% vs -163.8%, a 111.3% gap on every dollar of revenue. On growth, Venus Concept Inc. posted the faster year-over-year revenue change (-8.2% vs -38.5%). Aterian, Inc. produced more free cash flow last quarter ($-1.0M vs $-4.9M). Over the past eight quarters, Venus Concept Inc.'s revenue compounded faster (-12.8% 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.
Venus Concept Inc is a global medical technology firm specializing in the development, manufacturing, and distribution of non-invasive and minimally invasive aesthetic medical devices. Its product portfolio covers hair removal, skin rejuvenation, body contouring, and anti-aging solutions, serving dermatology clinics, plastic surgery centers, and medical spas across North America, Europe, and Asia Pacific markets.
ATER vs VERO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $13.8M |
| Net Profit | $-7.9M | $-22.6M |
| Gross Margin | 56.1% | 64.0% |
| Operating Margin | -51.1% | -68.9% |
| Net Margin | -52.5% | -163.8% |
| Revenue YoY | -38.5% | -8.2% |
| Net Profit YoY | -512.2% | -143.0% |
| EPS (diluted) | — | $-12.14 |
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 | $13.8M | ||
| Q2 25 | $19.5M | $15.7M | ||
| Q1 25 | $15.4M | $13.6M | ||
| Q4 24 | $24.6M | $15.8M | ||
| Q3 24 | $26.2M | $15.0M | ||
| Q2 24 | $28.0M | $16.6M | ||
| Q1 24 | $20.2M | $17.5M |
| Q4 25 | $-7.9M | — | ||
| Q3 25 | $-2.3M | $-22.6M | ||
| Q2 25 | $-4.9M | $-11.7M | ||
| Q1 25 | $-3.9M | $-12.4M | ||
| Q4 24 | $-1.3M | $-8.0M | ||
| Q3 24 | $-1.8M | $-9.3M | ||
| Q2 24 | $-3.6M | $-20.0M | ||
| Q1 24 | $-5.2M | $-9.8M |
| Q4 25 | 56.1% | — | ||
| Q3 25 | 56.1% | 64.0% | ||
| Q2 25 | 54.3% | 60.1% | ||
| Q1 25 | 61.4% | 64.2% | ||
| Q4 24 | 63.4% | 69.1% | ||
| Q3 24 | 60.3% | 66.1% | ||
| Q2 24 | 60.4% | 71.5% | ||
| Q1 24 | 65.1% | 66.6% |
| Q4 25 | -51.1% | — | ||
| Q3 25 | -10.7% | -68.9% | ||
| Q2 25 | -23.1% | -57.6% | ||
| Q1 25 | -24.1% | -69.8% | ||
| Q4 24 | -6.5% | -42.3% | ||
| Q3 24 | -6.6% | -47.7% | ||
| Q2 24 | -11.5% | -33.7% | ||
| Q1 24 | -26.1% | -44.4% |
| Q4 25 | -52.5% | — | ||
| Q3 25 | -12.0% | -163.8% | ||
| Q2 25 | -25.0% | -74.7% | ||
| Q1 25 | -25.4% | -90.6% | ||
| Q4 24 | -5.3% | -50.5% | ||
| Q3 24 | -6.8% | -61.9% | ||
| Q2 24 | -13.0% | -120.3% | ||
| Q1 24 | -25.5% | -56.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-12.14 | ||
| Q2 25 | — | $-8.03 | ||
| Q1 25 | — | $-17.44 | ||
| Q4 24 | — | $-10.26 | ||
| Q3 24 | — | $-13.10 | ||
| Q2 24 | — | $-30.93 | ||
| Q1 24 | — | $-16.92 |
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 | $4.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | $2.7M |
| Total Assets | $29.6M | $61.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | — | ||
| Q3 25 | $7.6M | $4.3M | ||
| Q2 25 | $10.5M | $3.9M | ||
| Q1 25 | $14.3M | $3.2M | ||
| Q4 24 | $18.0M | $4.3M | ||
| Q3 24 | $16.1M | $4.5M | ||
| Q2 24 | $20.3M | $5.7M | ||
| Q1 24 | $17.5M | $5.1M |
| Q4 25 | $15.2M | — | ||
| Q3 25 | $22.6M | $2.7M | ||
| Q2 25 | $24.3M | $2.3M | ||
| Q1 25 | $27.0M | $2.3M | ||
| Q4 24 | $30.0M | $2.4M | ||
| Q3 24 | $30.6M | $10.1M | ||
| Q2 24 | $30.9M | $3.7M | ||
| Q1 24 | $33.0M | $-22.5M |
| Q4 25 | $29.6M | — | ||
| Q3 25 | $40.1M | $61.6M | ||
| Q2 25 | $45.4M | $63.1M | ||
| Q1 25 | $49.8M | $63.5M | ||
| Q4 24 | $49.5M | $68.2M | ||
| Q3 24 | $52.1M | $72.3M | ||
| Q2 24 | $59.9M | $79.8M | ||
| Q1 24 | $55.7M | $85.1M |
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 | $-4.9M |
| Free Cash FlowOCF − Capex | $-1.0M | $-4.9M |
| FCF MarginFCF / Revenue | -6.9% | -35.6% |
| Capex IntensityCapex / Revenue | 0.0% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-20.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | — | ||
| Q3 25 | $-1.6M | $-4.9M | ||
| Q2 25 | $-4.4M | $-5.4M | ||
| Q1 25 | $-3.9M | $-6.3M | ||
| Q4 24 | $-9.0K | $-3.8M | ||
| Q3 24 | $-722.0K | $-3.0M | ||
| Q2 24 | $2.9M | $-1.3M | ||
| Q1 24 | $-6.0K | $-2.9M |
| Q4 25 | $-1.0M | — | ||
| Q3 25 | $-1.6M | $-4.9M | ||
| Q2 25 | $-4.4M | $-5.6M | ||
| Q1 25 | — | $-6.3M | ||
| Q4 24 | — | $-3.9M | ||
| Q3 24 | — | $-3.1M | ||
| Q2 24 | $2.9M | $-1.4M | ||
| Q1 24 | $-42.0K | $-2.9M |
| Q4 25 | -6.9% | — | ||
| Q3 25 | -8.4% | -35.6% | ||
| Q2 25 | -22.7% | -35.8% | ||
| Q1 25 | — | -46.5% | ||
| Q4 24 | — | -24.7% | ||
| Q3 24 | — | -20.3% | ||
| Q2 24 | 10.3% | -8.2% | ||
| Q1 24 | -0.2% | -16.6% |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.2% | 0.1% | ||
| Q2 25 | 0.0% | 1.0% | ||
| Q1 25 | 0.0% | 0.3% | ||
| Q4 24 | 0.0% | 0.5% | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | 0.0% | 0.1% | ||
| Q1 24 | 0.2% | 0.1% |
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% |
VERO
| Products And Services | $10.8M | 79% |
| Leases | $2.9M | 21% |
