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Side-by-side financial comparison of Aterian, Inc. (ATER) and Xilio Therapeutics, Inc. (XLO). Click either name above to swap in a different company.

Aterian, Inc. is the larger business by last-quarter revenue ($15.1M vs $13.7M, roughly 1.1× Xilio Therapeutics, Inc.). Xilio Therapeutics, Inc. runs the higher net margin — 75.7% vs -52.5%, a 128.2% gap on every dollar of revenue. Aterian, Inc. produced more free cash flow last quarter ($-1.0M vs $-2.1M).

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.

Xilio Therapeutics is a clinical-stage biotechnology company dedicated to developing novel tumor-selective immunotherapies for cancer treatment. Its product pipeline features candidates engineered to trigger anti-tumor immune responses specifically inside tumor microenvironments, reducing systemic toxicities, and it primarily targets oncology patient populations in North America and other global markets.

ATER vs XLO — Head-to-Head

Bigger by revenue
ATER
ATER
1.1× larger
ATER
$15.1M
$13.7M
XLO
Higher net margin
XLO
XLO
128.2% more per $
XLO
75.7%
-52.5%
ATER
More free cash flow
ATER
ATER
$1.0M more FCF
ATER
$-1.0M
$-2.1M
XLO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATER
ATER
XLO
XLO
Revenue
$15.1M
$13.7M
Net Profit
$-7.9M
$10.4M
Gross Margin
56.1%
Operating Margin
-51.1%
-86.5%
Net Margin
-52.5%
75.7%
Revenue YoY
-38.5%
Net Profit YoY
-512.2%
179.1%
EPS (diluted)
$-3.74

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.

Revenue
ATER
ATER
XLO
XLO
Q4 25
$15.1M
$13.7M
Q3 25
$19.0M
$19.1M
Q2 25
$19.5M
$8.1M
Q1 25
$15.4M
$2.9M
Q4 24
$24.6M
Q3 24
$26.2M
Q2 24
$28.0M
Q1 24
$20.2M
Net Profit
ATER
ATER
XLO
XLO
Q4 25
$-7.9M
$10.4M
Q3 25
$-2.3M
$-16.3M
Q2 25
$-4.9M
$-15.8M
Q1 25
$-3.9M
$-13.3M
Q4 24
$-1.3M
Q3 24
$-1.8M
Q2 24
$-3.6M
Q1 24
$-5.2M
Gross Margin
ATER
ATER
XLO
XLO
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 24
65.1%
Operating Margin
ATER
ATER
XLO
XLO
Q4 25
-51.1%
-86.5%
Q3 25
-10.7%
-10.1%
Q2 25
-23.1%
-177.7%
Q1 25
-24.1%
-472.7%
Q4 24
-6.5%
Q3 24
-6.6%
Q2 24
-11.5%
Q1 24
-26.1%
Net Margin
ATER
ATER
XLO
XLO
Q4 25
-52.5%
75.7%
Q3 25
-12.0%
-85.4%
Q2 25
-25.0%
-196.0%
Q1 25
-25.4%
-452.7%
Q4 24
-5.3%
Q3 24
-6.8%
Q2 24
-13.0%
Q1 24
-25.5%
EPS (diluted)
ATER
ATER
XLO
XLO
Q4 25
$-3.74
Q3 25
$-0.11
Q2 25
$-0.16
Q1 25
$-0.18
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATER
ATER
XLO
XLO
Cash + ST InvestmentsLiquidity on hand
$4.9M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.2M
$35.3M
Total Assets
$29.6M
$154.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATER
ATER
XLO
XLO
Q4 25
$4.9M
$137.5M
Q3 25
$7.6M
$103.8M
Q2 25
$10.5M
$121.6M
Q1 25
$14.3M
$89.1M
Q4 24
$18.0M
Q3 24
$16.1M
Q2 24
$20.3M
Q1 24
$17.5M
Stockholders' Equity
ATER
ATER
XLO
XLO
Q4 25
$15.2M
$35.3M
Q3 25
$22.6M
$-8.1M
Q2 25
$24.3M
$7.1M
Q1 25
$27.0M
$10.7M
Q4 24
$30.0M
Q3 24
$30.6M
Q2 24
$30.9M
Q1 24
$33.0M
Total Assets
ATER
ATER
XLO
XLO
Q4 25
$29.6M
$154.7M
Q3 25
$40.1M
$133.7M
Q2 25
$45.4M
$133.8M
Q1 25
$49.8M
$103.7M
Q4 24
$49.5M
Q3 24
$52.1M
Q2 24
$59.9M
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
ATER
ATER
XLO
XLO
Operating Cash FlowLast quarter
$-1.0M
$-2.0M
Free Cash FlowOCF − Capex
$-1.0M
$-2.1M
FCF MarginFCF / Revenue
-6.9%
-15.3%
Capex IntensityCapex / Revenue
0.0%
0.7%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATER
ATER
XLO
XLO
Q4 25
$-1.0M
$-2.0M
Q3 25
$-1.6M
$-17.5M
Q2 25
$-4.4M
$-14.5M
Q1 25
$-3.9M
$29.0M
Q4 24
$-9.0K
Q3 24
$-722.0K
Q2 24
$2.9M
Q1 24
$-6.0K
Free Cash Flow
ATER
ATER
XLO
XLO
Q4 25
$-1.0M
$-2.1M
Q3 25
$-1.6M
Q2 25
$-4.4M
$-14.9M
Q1 25
$29.0M
Q4 24
Q3 24
Q2 24
$2.9M
Q1 24
$-42.0K
FCF Margin
ATER
ATER
XLO
XLO
Q4 25
-6.9%
-15.3%
Q3 25
-8.4%
Q2 25
-22.7%
-184.0%
Q1 25
988.3%
Q4 24
Q3 24
Q2 24
10.3%
Q1 24
-0.2%
Capex Intensity
ATER
ATER
XLO
XLO
Q4 25
0.0%
0.7%
Q3 25
0.2%
0.0%
Q2 25
0.0%
5.0%
Q1 25
0.0%
0.8%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.2%
Cash Conversion
ATER
ATER
XLO
XLO
Q4 25
-0.19×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATER
ATER

Sales Channel Directly To Consumer$13.1M87%
Heating Cooling And Air Quality$2.1M14%

XLO
XLO

Segment breakdown not available.

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