Filing Flows › Aterian (ATER) › Q3 2025
Aterian (ATER) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Aterian (ATER) reported revenue of $19.0M for the third quarter 2025 (Q3 2025), -28% from a year earlier and -2% from the quarter before. Operating margin was -10.7%, net loss $2.3M (12.0% of revenue).
Aterian, Q3 2025: revenue $19.0M (-28% year over year), operating margin -10.7%, net loss $2.3M, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.0M | -2% | -28% |
| Operating profit | −$2.0M | — | — |
| Net earnings | −$2.3M | — | — |
| Operating cash flow | −$1.6M | — | — |
What changed
Revenue was $19.0M in Q3 2025, down 28% year over year and down 2% from the previous quarter. Heating, Cooling, and Air Quality was the largest line at 30% of revenue. Heating, Cooling, and Air Quality lost $2.6M year over year (down 31%), 36% of the total change.
Gross margin was 56.1%, down 4.2 points from a year earlier. Operating costs exceeded revenue by $2.0M, an operating margin of -10.7%. Operating expenses fell 28% while revenue fell 28%. The quarter ended with a net loss of $2.3M, narrower than the previous quarter's $4.9M loss.
Operating cash flow was −$1.6M. Non-cash charges added back $406K of depreciation and amortization and $731K of share-based compensation. Working capital and other items used $422K. Capital expenditures of $40K exceeded it, leaving free cash flow of −$1.6M.
Questions
What was Aterian's revenue in the third quarter 2025?
Aterian (ATER) reported revenue of $19.0M for the third quarter 2025 (Q3 2025), -28% from a year earlier and -2% from the quarter before.
Was Aterian profitable in the third quarter 2025?
Operating loss was $2.0M (-10.7% of revenue) and net loss $2.3M.
Source: Aterian 10-Q on SEC EDGAR.