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Aterian, Inc.（ATER）与Digimarc CORP（DMRC）财务数据对比。点击上方公司名可切换其他公司
Aterian, Inc.的季度营收约是Digimarc CORP的1.7倍（$15.1M vs $8.9M），Digimarc CORP净利率更高（-47.2% vs -52.5%，领先5.3%），Digimarc CORP同比增速更快（2.9% vs -38.5%），Digimarc CORP自由现金流更多（$895.0K vs $-1.0M），过去两年Digimarc CORP的营收复合增速更高（-5.3% vs -13.5%）
Aterian, Inc.是一家技术驱动的消费品企业，依托人工智能与数据分析挖掘市场需求，开发、采购并销售家居、个护、健康、户外、宠物用品等多品类高性价比商品，主要通过全球主流电商平台销往北美、欧洲等核心市场。
迪吉马克公司是一家企业软件与服务提供商，其主打产品包含带数字标识符的软件，主要用于解决防伪问题、验证产品真伪、提升回收准确性以及实现供应链可追溯，产品可广泛应用于服装、快消品、美妆健康、汽车等多个行业领域。
ATER vs DMRC — 直观对比
营收规模更大
ATER
是对方的1.7倍
$8.9M
营收增速更快
DMRC
高出41.4%
-38.5%
净利率更高
DMRC
高出5.3%
-52.5%
自由现金流更多
DMRC
多$1.9M
$-1.0M
两年增速更快
DMRC
近两年复合增速
-13.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $15.1M | $8.9M |
| 净利润 | $-7.9M | $-4.2M |
| 毛利率 | 56.1% | 63.5% |
| 营业利润率 | -51.1% | -48.2% |
| 净利率 | -52.5% | -47.2% |
| 营收同比 | -38.5% | 2.9% |
| 净利润同比 | -512.2% | 51.4% |
| 每股收益（稀释后） | — | $-0.18 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ATERDMRC
| Q4 25 | $15.1M | $8.9M | ||
| Q3 25 | $19.0M | $7.6M | ||
| Q2 25 | $19.5M | $8.0M | ||
| Q1 25 | $15.4M | $9.4M | ||
| Q4 24 | $24.6M | $8.7M | ||
| Q3 24 | $26.2M | $9.4M | ||
| Q2 24 | $28.0M | $10.4M | ||
| Q1 24 | $20.2M | $9.9M |
净利润ATERDMRC
| Q4 25 | $-7.9M | $-4.2M | ||
| Q3 25 | $-2.3M | $-8.2M | ||
| Q2 25 | $-4.9M | $-8.2M | ||
| Q1 25 | $-3.9M | $-11.7M | ||
| Q4 24 | $-1.3M | $-8.6M | ||
| Q3 24 | $-1.8M | $-10.8M | ||
| Q2 24 | $-3.6M | $-9.3M | ||
| Q1 24 | $-5.2M | $-10.3M |
毛利率ATERDMRC
| Q4 25 | 56.1% | 63.5% | ||
| Q3 25 | 56.1% | 58.3% | ||
| Q2 25 | 54.3% | 58.8% | ||
| Q1 25 | 61.4% | 65.0% | ||
| Q4 24 | 63.4% | 60.8% | ||
| Q3 24 | 60.3% | 62.4% | ||
| Q2 24 | 60.4% | 66.1% | ||
| Q1 24 | 65.1% | 62.5% |
营业利润率ATERDMRC
| Q4 25 | -51.1% | -48.2% | ||
| Q3 25 | -10.7% | -109.7% | ||
| Q2 25 | -23.1% | -105.2% | ||
| Q1 25 | -24.1% | -128.9% | ||
| Q4 24 | -6.5% | -105.1% | ||
| Q3 24 | -6.6% | -120.4% | ||
| Q2 24 | -11.5% | -96.2% | ||
| Q1 24 | -26.1% | -109.2% |
净利率ATERDMRC
| Q4 25 | -52.5% | -47.2% | ||
| Q3 25 | -12.0% | -106.9% | ||
| Q2 25 | -25.0% | -102.6% | ||
| Q1 25 | -25.4% | -125.2% | ||
| Q4 24 | -5.3% | -99.9% | ||
| Q3 24 | -6.8% | -113.9% | ||
| Q2 24 | -13.0% | -89.3% | ||
| Q1 24 | -25.5% | -104.0% |
每股收益（稀释后）ATERDMRC
| Q4 25 | — | $-0.18 | ||
| Q3 25 | — | $-0.38 | ||
| Q2 25 | — | $-0.38 | ||
| Q1 25 | — | $-0.55 | ||
| Q4 24 | — | $-0.40 | ||
| Q3 24 | — | $-0.50 | ||
| Q2 24 | — | $-0.43 | ||
| Q1 24 | — | $-0.50 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $4.9M | $12.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.2M | $40.2M |
| 总资产 | $29.6M | $53.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ATERDMRC
| Q4 25 | $4.9M | $12.9M | ||
| Q3 25 | $7.6M | $12.6M | ||
| Q2 25 | $10.5M | $16.1M | ||
| Q1 25 | $14.3M | $21.6M | ||
| Q4 24 | $18.0M | $28.7M | ||
| Q3 24 | $16.1M | $33.7M | ||
| Q2 24 | $20.3M | $41.5M | ||
| Q1 24 | $17.5M | $48.9M |
股东权益ATERDMRC
| Q4 25 | $15.2M | $40.2M | ||
| Q3 25 | $22.6M | $41.4M | ||
| Q2 25 | $24.3M | $46.5M | ||
| Q1 25 | $27.0M | $50.0M | ||
| Q4 24 | $30.0M | $61.4M | ||
| Q3 24 | $30.6M | $70.2M | ||
| Q2 24 | $30.9M | $77.2M | ||
| Q1 24 | $33.0M | $84.5M |
总资产ATERDMRC
| Q4 25 | $29.6M | $53.0M | ||
| Q3 25 | $40.1M | $55.4M | ||
| Q2 25 | $45.4M | $60.7M | ||
| Q1 25 | $49.8M | $66.5M | ||
| Q4 24 | $49.5M | $75.8M | ||
| Q3 24 | $52.1M | $85.0M | ||
| Q2 24 | $59.9M | $93.4M | ||
| Q1 24 | $55.7M | $99.7M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-1.0M | $991.0K |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $895.0K |
| 自由现金流率自由现金流/营收 | -6.9% | 10.0% |
| 资本支出强度资本支出/营收 | 0.0% | 1.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-12.3M |
8季度趋势，按日历期对齐
经营现金流ATERDMRC
| Q4 25 | $-1.0M | $991.0K | ||
| Q3 25 | $-1.6M | $-2.6M | ||
| Q2 25 | $-4.4M | $-4.7M | ||
| Q1 25 | $-3.9M | $-5.5M | ||
| Q4 24 | $-9.0K | $-4.2M | ||
| Q3 24 | $-722.0K | $-7.1M | ||
| Q2 24 | $2.9M | $-6.8M | ||
| Q1 24 | $-6.0K | $-8.4M |
自由现金流ATERDMRC
| Q4 25 | $-1.0M | $895.0K | ||
| Q3 25 | $-1.6M | $-2.8M | ||
| Q2 25 | $-4.4M | $-4.9M | ||
| Q1 25 | — | $-5.5M | ||
| Q4 24 | — | $-4.2M | ||
| Q3 24 | — | $-7.2M | ||
| Q2 24 | $2.9M | $-6.9M | ||
| Q1 24 | $-42.0K | $-8.5M |
自由现金流率ATERDMRC
| Q4 25 | -6.9% | 10.0% | ||
| Q3 25 | -8.4% | -36.9% | ||
| Q2 25 | -22.7% | -61.0% | ||
| Q1 25 | — | -59.1% | ||
| Q4 24 | — | -49.1% | ||
| Q3 24 | — | -75.7% | ||
| Q2 24 | 10.3% | -66.1% | ||
| Q1 24 | -0.2% | -85.8% |
资本支出强度ATERDMRC
| Q4 25 | 0.0% | 1.1% | ||
| Q3 25 | 0.2% | 2.9% | ||
| Q2 25 | 0.0% | 2.5% | ||
| Q1 25 | 0.0% | 0.6% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.0% | 0.7% | ||
| Q2 24 | 0.0% | 0.3% | ||
| Q1 24 | 0.2% | 1.1% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ATER
| Sales Channel Directly To Consumer | $13.1M | 87% |
| Heating Cooling And Air Quality | $2.1M | 14% |
DMRC
| Subscription | $5.3M | 60% |
| The Government | $3.6M | 41% |
