Event-Driven Stocks

Aterian, Inc.

ATER

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Signs2 good4 warning2 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$69.0M$99.0M$142.6M$221.2M$247.8M$185.7M
Operating income−$18.0M−$11.8M−$76.2M−$178.2M−$34.1M−$34.8M
Net income−$19.0M−$11.9M−$74.6M−$196.3M−$236.0M−$63.1M
Total assets$29.6M$49.5M$61.9M$156.4M$313.6M$157.5M
Total liabilities$14.4M$19.5M$25.8M$54.5M$89.3M$134.1M
Equity$15.2M$30.0M$36.0M$102.0M$224.2M$23.4M
EPS (diluted)$-2.39$-1.68$-11.43$-2.95$-6.67
Shares out.8.8M92.1M81.0M62.1M29.5M17.7M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−26.1%
Net margin
−27.5%
Return on equity
−124.8%
Return on assets
−64.2%
Return on capital (ROCE)
−116.4%
Liabilities / assets
48.6%
Debt / equity
0.94×
Book value / share
$1.74
Revenue growth (YoY)
−30.4%
Net income growth (YoY)

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-81.34distress
Accruals / assets
27.4%clean
Beneish M-Score
-4.20normal
Piotroski F-Score
3/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
35
/ 100
Profitability 0Growth 0Catalyst 33Earnings quality 67Financial strength 75

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

2 severe4 warning2 good
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • Negative operating cash flow
  • Conservative leverage (liabilities < 50% of assets)
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Insider transactions

SEC Form 4 · most recent
11 acquisitions0 disposalsnet +1.3M shares · last 11
InsiderDateTypeSharesPrice
Rodriguez ArturoOfficer — Chief Executive OfficerMay 21, 2026Grant70,000$0.00
Kurtz WilliamDirectorJan 23, 2026Grant40,394$0.00
Feldman Joshua OOfficer — Chief Financial OfficerJan 23, 2026Grant120,000$0.00
Rodriguez ArturoOfficer — Chief Executive OfficerJan 23, 2026Grant50,000$0.00
Lattmann Susan E.DirectorJan 23, 2026Grant25,555$0.00
Harlam Bari ADirectorJan 23, 2026Grant24,731$0.00
Kurtz WilliamDirectorAug 13, 2025Grant78,034$0.00
Harlam Bari ADirectorAug 13, 2025Grant78,034$0.00
Lattmann Susan E.DirectorAug 13, 2025Grant78,034$0.00
Rodriguez ArturoOfficer — Chief Executive OfficerJun 11, 2025Grant481,817$1.39
Feldman Joshua OOfficer — Chief Financial OfficerJun 11, 2025Grant248,049$1.39

Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 2026465,6571.0-76.0%
Apr 30, 20261.9M1.0+1104.4%
Apr 15, 2026161,0183.6-39.1%
Mar 31, 2026264,4696.9+57.7%
Mar 13, 2026167,7503.1-8.0%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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