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Aterian, Inc.（ATER）与Rumble Inc.（RUM）财务数据对比。点击上方公司名可切换其他公司
Rumble Inc.的季度营收约是Aterian, Inc.的1.8倍（$27.1M vs $15.1M），Aterian, Inc.净利率更高（-52.5% vs -120.8%，领先68.3%），Rumble Inc.同比增速更快（-10.5% vs -38.5%），Aterian, Inc.自由现金流更多（$-1.0M vs $-31.7M），过去两年Rumble Inc.的营收复合增速更高（15.2% 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。
Rumble Inc.是一家加美跨国企业，主营在线视频平台、网络托管及云服务，总部位于加拿大多伦多，美国总部设在佛罗里达州朗博特基。公司由加拿大科技创业者克里斯·帕夫洛夫斯基于2013年创立，云服务板块为Truth Social提供托管支持，其视频平台在美国保守派及极右翼用户群体中广受欢迎，属于“另类科技”阵营。
ATER vs RUM — 直观对比
营收规模更大
RUM
是对方的1.8倍
$15.1M
营收增速更快
RUM
高出28.1%
-38.5%
净利率更高
ATER
高出68.3%
-120.8%
自由现金流更多
ATER
多$30.7M
$-31.7M
两年增速更快
RUM
近两年复合增速
-13.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $15.1M | $27.1M |
| 净利润 | $-7.9M | $-32.7M |
| 毛利率 | 56.1% | 5.5% |
| 营业利润率 | -51.1% | -131.1% |
| 净利率 | -52.5% | -120.8% |
| 营收同比 | -38.5% | -10.5% |
| 净利润同比 | -512.2% | 86.2% |
| 每股收益（稀释后） | — | $-0.13 |
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ATERRUM
| Q4 25 | $15.1M | $27.1M | ||
| Q3 25 | $19.0M | $24.8M | ||
| Q2 25 | $19.5M | — | ||
| Q1 25 | $15.4M | $23.7M | ||
| Q4 24 | $24.6M | $30.2M | ||
| Q3 24 | $26.2M | $25.1M | ||
| Q2 24 | $28.0M | $22.5M | ||
| Q1 24 | $20.2M | $17.7M |
净利润ATERRUM
| Q4 25 | $-7.9M | $-32.7M | ||
| Q3 25 | $-2.3M | $-16.3M | ||
| Q2 25 | $-4.9M | — | ||
| Q1 25 | $-3.9M | $-2.7M | ||
| Q4 24 | $-1.3M | $-236.8M | ||
| Q3 24 | $-1.8M | $-31.5M | ||
| Q2 24 | $-3.6M | $-26.8M | ||
| Q1 24 | $-5.2M | $-43.3M |
毛利率ATERRUM
| Q4 25 | 56.1% | 5.5% | ||
| Q3 25 | 56.1% | -1.8% | ||
| Q2 25 | 54.3% | — | ||
| Q1 25 | 61.4% | -26.7% | ||
| Q4 24 | 63.4% | -14.2% | ||
| Q3 24 | 60.3% | -45.4% | ||
| Q2 24 | 60.4% | -58.8% | ||
| Q1 24 | 65.1% | -79.5% |
营业利润率ATERRUM
| Q4 25 | -51.1% | -131.1% | ||
| Q3 25 | -10.7% | -113.6% | ||
| Q2 25 | -23.1% | — | ||
| Q1 25 | -24.1% | -153.5% | ||
| Q4 24 | -6.5% | -80.1% | ||
| Q3 24 | -6.6% | -131.0% | ||
| Q2 24 | -11.5% | -172.7% | ||
| Q1 24 | -26.1% | -197.4% |
净利率ATERRUM
| Q4 25 | -52.5% | -120.8% | ||
| Q3 25 | -12.0% | -65.7% | ||
| Q2 25 | -25.0% | — | ||
| Q1 25 | -25.4% | -11.2% | ||
| Q4 24 | -5.3% | -783.2% | ||
| Q3 24 | -6.8% | -125.9% | ||
| Q2 24 | -13.0% | -119.2% | ||
| Q1 24 | -25.5% | -244.1% |
每股收益（稀释后）ATERRUM
| Q4 25 | — | $-0.13 | ||
| Q3 25 | — | $-0.06 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | — | $-1.17 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | — | $-0.13 | ||
| Q1 24 | — | $-0.21 |
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 | $237.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $15.2M | $274.8M |
| 总资产 | $29.6M | $336.8M |
| 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ATERRUM
| Q4 25 | $4.9M | $237.9M | ||
| Q3 25 | $7.6M | $269.8M | ||
| Q2 25 | $10.5M | — | ||
| Q1 25 | $14.3M | $301.3M | ||
| Q4 24 | $18.0M | $114.0M | ||
| Q3 24 | $16.1M | $132.0M | ||
| Q2 24 | $20.3M | $154.2M | ||
| Q1 24 | $17.5M | $183.8M |
股东权益ATERRUM
| Q4 25 | $15.2M | $274.8M | ||
| Q3 25 | $22.6M | $302.2M | ||
| Q2 25 | $24.3M | — | ||
| Q1 25 | $27.0M | $339.6M | ||
| Q4 24 | $30.0M | $-63.1M | ||
| Q3 24 | $30.6M | $166.1M | ||
| Q2 24 | $30.9M | $192.7M | ||
| Q1 24 | $33.0M | $210.7M |
总资产ATERRUM
| Q4 25 | $29.6M | $336.8M | ||
| Q3 25 | $40.1M | $367.2M | ||
| Q2 25 | $45.4M | — | ||
| Q1 25 | $49.8M | $391.1M | ||
| Q4 24 | $49.5M | $195.3M | ||
| Q3 24 | $52.1M | $217.2M | ||
| Q2 24 | $59.9M | $243.2M | ||
| Q1 24 | $55.7M | $263.0M |
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 | $-29.4M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $-31.7M |
| 自由现金流率自由现金流/营收 | -6.9% | -117.2% |
| 资本支出强度资本支出/营收 | 0.0% | 8.5% |
| 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 | — | $-70.8M |
8季度趋势，按日历期对齐
经营现金流ATERRUM
| Q4 25 | $-1.0M | $-29.4M | ||
| Q3 25 | $-1.6M | $-10.6M | ||
| Q2 25 | $-4.4M | — | ||
| Q1 25 | $-3.9M | $-14.5M | ||
| Q4 24 | $-9.0K | $-12.4M | ||
| Q3 24 | $-722.0K | $-19.1M | ||
| Q2 24 | $2.9M | $-21.7M | ||
| Q1 24 | $-6.0K | $-33.9M |
自由现金流ATERRUM
| Q4 25 | $-1.0M | $-31.7M | ||
| Q3 25 | $-1.6M | $-12.0M | ||
| Q2 25 | $-4.4M | — | ||
| Q1 25 | — | $-14.6M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-19.9M | ||
| Q2 24 | $2.9M | $-23.1M | ||
| Q1 24 | $-42.0K | $-34.3M |
自由现金流率ATERRUM
| Q4 25 | -6.9% | -117.2% | ||
| Q3 25 | -8.4% | -48.6% | ||
| Q2 25 | -22.7% | — | ||
| Q1 25 | — | -61.7% | ||
| Q4 24 | — | -40.9% | ||
| Q3 24 | — | -79.5% | ||
| Q2 24 | 10.3% | -102.8% | ||
| Q1 24 | -0.2% | -193.3% |
资本支出强度ATERRUM
| Q4 25 | 0.0% | 8.5% | ||
| Q3 25 | 0.2% | 5.7% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | 0.6% | ||
| Q4 24 | 0.0% | 0.1% | ||
| Q3 24 | 0.0% | 3.4% | ||
| Q2 24 | 0.0% | 6.1% | ||
| Q1 24 | 0.2% | 2.4% |
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% |
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
