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Side-by-side financial comparison of Aterian, Inc. (ATER) and Valens Semiconductor Ltd. (VLN). Click either name above to swap in a different company.
Valens Semiconductor Ltd. is the larger business by last-quarter revenue ($17.3M vs $15.1M, roughly 1.1× Aterian, Inc.). Valens Semiconductor Ltd. runs the higher net margin — -42.2% vs -52.5%, a 10.3% gap on every dollar of revenue. On growth, Valens Semiconductor Ltd. posted the faster year-over-year revenue change (8.1% vs -38.5%). Aterian, Inc. produced more free cash flow last quarter ($-1.0M vs $-4.9M).
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.
Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard. Valens invented the technology behind the HDBaseT s...
ATER vs VLN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $17.3M |
| Net Profit | $-7.9M | $-7.3M |
| Gross Margin | 56.1% | 63.0% |
| Operating Margin | -51.1% | -46.4% |
| Net Margin | -52.5% | -42.2% |
| Revenue YoY | -38.5% | 8.1% |
| Net Profit YoY | -512.2% | 29.3% |
| EPS (diluted) | — | $-0.07 |
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 | $17.3M | ||
| Q2 25 | $19.5M | $17.1M | ||
| Q1 25 | $15.4M | $16.8M | ||
| Q4 24 | $24.6M | — | ||
| Q3 24 | $26.2M | $16.0M | ||
| Q2 24 | $28.0M | $13.6M | ||
| Q1 24 | $20.2M | — |
| Q4 25 | $-7.9M | — | ||
| Q3 25 | $-2.3M | $-7.3M | ||
| Q2 25 | $-4.9M | $-7.2M | ||
| Q1 25 | $-3.9M | $-8.3M | ||
| Q4 24 | $-1.3M | — | ||
| Q3 24 | $-1.8M | $-10.4M | ||
| Q2 24 | $-3.6M | $-8.9M | ||
| Q1 24 | $-5.2M | — |
| Q4 25 | 56.1% | — | ||
| Q3 25 | 56.1% | 63.0% | ||
| Q2 25 | 54.3% | 63.5% | ||
| Q1 25 | 61.4% | 62.9% | ||
| Q4 24 | 63.4% | — | ||
| Q3 24 | 60.3% | 56.4% | ||
| Q2 24 | 60.4% | 61.4% | ||
| Q1 24 | 65.1% | — |
| Q4 25 | -51.1% | — | ||
| Q3 25 | -10.7% | -46.4% | ||
| Q2 25 | -23.1% | -43.3% | ||
| Q1 25 | -24.1% | -56.2% | ||
| Q4 24 | -6.5% | — | ||
| Q3 24 | -6.6% | -76.3% | ||
| Q2 24 | -11.5% | -69.2% | ||
| Q1 24 | -26.1% | — |
| Q4 25 | -52.5% | — | ||
| Q3 25 | -12.0% | -42.2% | ||
| Q2 25 | -25.0% | -42.1% | ||
| Q1 25 | -25.4% | -49.4% | ||
| Q4 24 | -5.3% | — | ||
| Q3 24 | -6.8% | -64.6% | ||
| Q2 24 | -13.0% | -65.2% | ||
| Q1 24 | -25.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $-0.07 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.10 | ||
| Q2 24 | — | $-0.08 | ||
| Q1 24 | — | — |
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 | $93.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | $108.8M |
| Total Assets | $29.6M | $136.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | — | ||
| Q3 25 | $7.6M | $93.5M | ||
| Q2 25 | $10.5M | $102.7M | ||
| Q1 25 | $14.3M | $112.5M | ||
| Q4 24 | $18.0M | — | ||
| Q3 24 | $16.1M | $133.1M | ||
| Q2 24 | $20.3M | $105.9M | ||
| Q1 24 | $17.5M | — |
| Q4 25 | $15.2M | — | ||
| Q3 25 | $22.6M | $108.8M | ||
| Q2 25 | $24.3M | $116.5M | ||
| Q1 25 | $27.0M | $128.6M | ||
| Q4 24 | $30.0M | — | ||
| Q3 24 | $30.6M | $147.0M | ||
| Q2 24 | $30.9M | $153.5M | ||
| Q1 24 | $33.0M | — |
| Q4 25 | $29.6M | — | ||
| Q3 25 | $40.1M | $136.7M | ||
| Q2 25 | $45.4M | $144.8M | ||
| Q1 25 | $49.8M | $154.6M | ||
| Q4 24 | $49.5M | — | ||
| Q3 24 | $52.1M | $171.9M | ||
| Q2 24 | $59.9M | $175.8M | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.0M | $-4.7M |
| Free Cash FlowOCF − Capex | $-1.0M | $-4.9M |
| FCF MarginFCF / Revenue | -6.9% | -28.5% |
| Capex IntensityCapex / Revenue | 0.0% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-11.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | — | ||
| Q3 25 | $-1.6M | $-4.7M | ||
| Q2 25 | $-4.4M | $-211.0K | ||
| Q1 25 | $-3.9M | $-7.6M | ||
| Q4 24 | $-9.0K | — | ||
| Q3 24 | $-722.0K | $3.0M | ||
| Q2 24 | $2.9M | $-225.0K | ||
| Q1 24 | $-6.0K | — |
| Q4 25 | $-1.0M | — | ||
| Q3 25 | $-1.6M | $-4.9M | ||
| Q2 25 | $-4.4M | $-330.0K | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.2M | ||
| Q2 24 | $2.9M | $-460.0K | ||
| Q1 24 | $-42.0K | — |
| Q4 25 | -6.9% | — | ||
| Q3 25 | -8.4% | -28.5% | ||
| Q2 25 | -22.7% | -1.9% | ||
| Q1 25 | — | -47.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 14.0% | ||
| Q2 24 | 10.3% | -3.4% | ||
| Q1 24 | -0.2% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.2% | 1.6% | ||
| Q2 25 | 0.0% | 0.7% | ||
| Q1 25 | 0.0% | 2.1% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | 4.5% | ||
| Q2 24 | 0.0% | 1.7% | ||
| Q1 24 | 0.2% | — |
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% |
VLN
Segment breakdown not available.
