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Side-by-side financial comparison of Aterian, Inc. (ATER) and Zedge, Inc. (ZDGE). Click either name above to swap in a different company.
Aterian, Inc. is the larger business by last-quarter revenue ($15.1M vs $7.6M, roughly 2.0× Zedge, Inc.). Zedge, Inc. runs the higher net margin — 10.4% vs -52.5%, a 62.9% gap on every dollar of revenue. On growth, Zedge, Inc. posted the faster year-over-year revenue change (5.8% vs -38.5%). Zedge, Inc. produced more free cash flow last quarter ($808.0K vs $-1.0M). Over the past eight quarters, Zedge, Inc.'s revenue compounded faster (-1.0% 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.
Zedge is a content distribution platform that provides consumers with a way to personalize their mobile devices. It has offices in Trondheim, Vilnius, and New York City.
ATER vs ZDGE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $7.6M |
| Net Profit | $-7.9M | $788.0K |
| Gross Margin | 56.1% | — |
| Operating Margin | -51.1% | 12.0% |
| Net Margin | -52.5% | 10.4% |
| Revenue YoY | -38.5% | 5.8% |
| Net Profit YoY | -512.2% | 332.4% |
| EPS (diluted) | — | $0.06 |
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 | $7.6M | ||
| Q3 25 | $19.0M | $7.5M | ||
| Q2 25 | $19.5M | $7.8M | ||
| Q1 25 | $15.4M | $7.0M | ||
| Q4 24 | $24.6M | $7.2M | ||
| Q3 24 | $26.2M | $7.6M | ||
| Q2 24 | $28.0M | $7.7M | ||
| Q1 24 | $20.2M | $7.8M |
| Q4 25 | $-7.9M | $788.0K | ||
| Q3 25 | $-2.3M | $-559.0K | ||
| Q2 25 | $-4.9M | $185.0K | ||
| Q1 25 | $-3.9M | $-1.7M | ||
| Q4 24 | $-1.3M | $-339.0K | ||
| Q3 24 | $-1.8M | $-39.0K | ||
| Q2 24 | $-3.6M | $113.0K | ||
| Q1 24 | $-5.2M | $-9.2M |
| 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% | — |
| Q4 25 | -51.1% | 12.0% | ||
| Q3 25 | -10.7% | -9.6% | ||
| Q2 25 | -23.1% | 2.1% | ||
| Q1 25 | -24.1% | -31.8% | ||
| Q4 24 | -6.5% | -6.4% | ||
| Q3 24 | -6.6% | -0.8% | ||
| Q2 24 | -11.5% | -1.7% | ||
| Q1 24 | -26.1% | -153.5% |
| Q4 25 | -52.5% | 10.4% | ||
| Q3 25 | -12.0% | -7.5% | ||
| Q2 25 | -25.0% | 2.4% | ||
| Q1 25 | -25.4% | -24.1% | ||
| Q4 24 | -5.3% | -4.7% | ||
| Q3 24 | -6.8% | -0.5% | ||
| Q2 24 | -13.0% | 1.5% | ||
| Q1 24 | -25.5% | -118.8% |
| Q4 25 | — | $0.06 | ||
| Q3 25 | — | $-0.04 | ||
| Q2 25 | — | $0.01 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $-0.02 | ||
| Q3 24 | — | $0.00 | ||
| Q2 24 | — | $0.01 | ||
| Q1 24 | — | $-0.66 |
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 | $18.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | $25.9M |
| Total Assets | $29.6M | $36.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $18.5M | ||
| Q3 25 | $7.6M | $18.6M | ||
| Q2 25 | $10.5M | $20.4M | ||
| Q1 25 | $14.3M | $20.1M | ||
| Q4 24 | $18.0M | $20.2M | ||
| Q3 24 | $16.1M | $20.0M | ||
| Q2 24 | $20.3M | $19.9M | ||
| Q1 24 | $17.5M | $18.1M |
| Q4 25 | $15.2M | $25.9M | ||
| Q3 25 | $22.6M | $25.9M | ||
| Q2 25 | $24.3M | $28.6M | ||
| Q1 25 | $27.0M | $28.2M | ||
| Q4 24 | $30.0M | $30.1M | ||
| Q3 24 | $30.6M | $30.9M | ||
| Q2 24 | $30.9M | $30.9M | ||
| Q1 24 | $33.0M | $30.7M |
| Q4 25 | $29.6M | $36.0M | ||
| Q3 25 | $40.1M | $35.7M | ||
| Q2 25 | $45.4M | $37.8M | ||
| Q1 25 | $49.8M | $37.1M | ||
| Q4 24 | $49.5M | $38.2M | ||
| Q3 24 | $52.1M | $38.2M | ||
| Q2 24 | $59.9M | $38.1M | ||
| Q1 24 | $55.7M | $37.1M |
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 | $825.0K |
| Free Cash FlowOCF − Capex | $-1.0M | $808.0K |
| FCF MarginFCF / Revenue | -6.9% | 10.6% |
| Capex IntensityCapex / Revenue | 0.0% | 0.2% |
| Cash ConversionOCF / Net Profit | — | 1.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $825.0K | ||
| Q3 25 | $-1.6M | $674.0K | ||
| Q2 25 | $-4.4M | $870.0K | ||
| Q1 25 | $-3.9M | $708.0K | ||
| Q4 24 | $-9.0K | $1.2M | ||
| Q3 24 | $-722.0K | $695.0K | ||
| Q2 24 | $2.9M | $2.3M | ||
| Q1 24 | $-6.0K | $1.6M |
| Q4 25 | $-1.0M | $808.0K | ||
| Q3 25 | $-1.6M | $640.0K | ||
| Q2 25 | $-4.4M | $851.0K | ||
| Q1 25 | — | $689.0K | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $683.0K | ||
| Q2 24 | $2.9M | $2.3M | ||
| Q1 24 | $-42.0K | $1.6M |
| Q4 25 | -6.9% | 10.6% | ||
| Q3 25 | -8.4% | 8.6% | ||
| Q2 25 | -22.7% | 11.0% | ||
| Q1 25 | — | 9.9% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | — | 9.0% | ||
| Q2 24 | 10.3% | 30.4% | ||
| Q1 24 | -0.2% | 20.0% |
| Q4 25 | 0.0% | 0.2% | ||
| Q3 25 | 0.2% | 0.5% | ||
| Q2 25 | 0.0% | 0.2% | ||
| Q1 25 | 0.0% | 0.3% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.0% | 0.2% | ||
| Q2 24 | 0.0% | 0.2% | ||
| Q1 24 | 0.2% | 0.0% |
| Q4 25 | — | 1.05× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.70× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 20.73× | ||
| Q1 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% |
ZDGE
| Zedge Marketplace | $7.1M | 94% |
| Other | $468.0K | 6% |
