Aterian, Inc. Financial Ratios — ATER Stock

Profitability (USD)

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	-470.65	-730.48	-370.14	-190.64	-120.36	-108.08	-35.92	-83.95
Return on Assets (%)	- -	-71.37	-88.78	-54.45	-100.22	-83.53	-68.31	-21.29	-48
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	37.52	35.46	39.35	45.63	49.18	47.71	49.3	62.09	56.76
EBITDA Margin (%)	-61.26	-39.81	-47.31	-11.56	-21.44	-23.67	-22.85	-10.23	-18.17
Operating Margin (%)	-61.97	-40.16	-47.47	-11.86	-24.39	-27.07	-25.58	-11.94	-20.52
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-63.16	-43.35	-51.34	-33.97	-95.05	-88.92	-52.91	-12.02	-27.46
Profit Margin (%)	-63.27	-43.43	-51.37	-33.99	-95.26	-88.75	-52.3	-11.98	-27.52
Net Income to Common Margin (%)	-63.27	-43.43	-51.37	-33.99	-95.26	-88.75	-52.3	-11.98	-27.52
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	-470.65	-730.48	-370.14	-190.64	-120.36	-108.08	-35.92	-83.95

Credit (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	10	28	35	87	40	23	12	7	5
ST Debt	6	14	25	50	40	23	12	7	5
LT Debt	5	13	10	36	- -	- -	- -	- -	- -
Total Debt/EBITDA	-0.46	-0.94	-0.65	-4.03	-0.76	-0.43	-0.37	-0.73	-0.37
Net Debt/EBITDA	-0.22	-0.26	-0.09	-2.78	-0.19	0.4	0.24	1.04	0.02
Total Debt/EBIT	-0.45	-0.93	-0.65	-3.93	-0.67	-0.38	-0.33	-0.63	-0.33
Net Debt/EBIT	-0.22	-0.25	-0.09	-2.72	-0.17	0.35	0.22	0.9	0.02
EBITDA to Interest Expense	-54.08	-12.39	-11.95	-4.26	-4.01	-19.42	-15.33	-8.32	-13.1
EBITDA-CapEx/Interest Expense	-54.38	-12.42	-11.97	-4.28	-4.01	-19.45	-15.39	-8.35	-13.15
EBIT to Interest Expense	-54.7	-12.5	-11.99	-4.37	-4.56	-22.21	-17.16	-9.71	-14.79
Interest Expense	- -	2	5	5	13	3	2	1	1
Common Equity/Total Assets	26.16	9.26	14.41	14.85	71.51	65.17	58.24	60.59	51.45
Long-Term Debt/Equity (%)	58.03	243.04	97.58	156.03	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	25.71	39.7	22.83	33.2	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	15.18	22.5	14.06	23.17	- -	- -	- -	- -	- -
Total Debt/Equity (%)	125.73	512.2	327.44	369.96	18.03	22.31	33.71	24.7	30.42
Total Debt/Capital (%)	55.7	83.67	76.6	78.72	15.27	18.24	25.21	19.81	23.33
Total Debt/Total Assets (%)	32.89	47.41	47.19	54.94	12.89	14.54	19.63	14.97	15.65
Net Debt to Equity	60.77	139.15	44.48	255.69	4.51	-20.43	-21.86	-35.26	-1.51
Net Debt/Capital (%)	37.8	58.19	30.78	71.89	4.31	-25.67	-27.97	-54.46	-1.54
EBITDA	-22	-29	-54	-21	-53	-52	-33	-10	-13
EBITDA-CapEx	-22	-29	-54	-22	-53	-52	-33	-10	-13
Operating Income (Loss)	-23	-29	-54	-22	-60	-60	-36	-12	-14

Liquidity (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.29	0.51	0.57	0.36	0.36	0.82	0.79	0.93	0.34
Current Ratio	1.66	1.45	1.37	1.01	1.49	1.89	1.95	2.01	1.7
Quick Ratio	0.36	0.54	0.59	0.43	0.49	0.91	0.95	1.13	0.52
CFO/Avg Current Liab	- -	-1.05	-0.54	0.1	-0.53	-0.26	-0.34	0.1	-0.65
Common Equity/Total Assets	26.16	9.26	14.41	14.85	71.51	65.17	58.24	60.59	51.45
Long-Term Debt/Equity (%)	58.03	243.04	97.58	156.03	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	25.71	39.7	22.83	33.2	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	15.18	22.5	14.06	23.17	- -	- -	- -	- -	- -
Total Debt/Equity (%)	125.73	512.2	327.44	369.96	18.03	22.31	33.71	24.7	30.42
Total Debt/Capital (%)	55.7	83.67	76.6	78.72	15.27	18.24	25.21	19.81	23.33
Total Debt/Total Assets (%)	32.89	47.41	47.19	54.94	12.89	14.54	19.63	14.97	15.65
CFO/Total Liabilities	-124.95	-57.65	-39.56	4.54	-46.98	-32.08	-51.82	11.09	-75.9
CFO/CapEx	-230.07	-497.46	-221.05	68.44	-1,311.53	-213.13	-112.5	51.55	-213.63
Altman's Z-Score	-2.52	-1.76	-2.05	0.1	-2.39	-7.14	-17.64	-22.3	-38.95

Working Capital (USD)

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	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	53.57	92.97	54.57	30.54	29.5	32.62	24.74	22.1
Days Sales Outstanding	- -	6.81	3.93	6.69	11.95	12.37	11.19	14.75	16.52
Inventory Turnover	- -	1.85	2.08	2.98	2.66	2.17	2.26	2.2	2.17
Days Inventory Outstanding	- -	197.29	175.54	122.55	137.16	168.39	161.73	165.92	168.43
Accounts Payable Turnover	- -	4.9	4.12	5.36	8.61	5.1	4.85	8.5	9.63
Accounts Payable Turnover Days	- -	74.53	88.65	68.05	42.41	71.56	75.32	42.93	37.9
Cash Conversion Cycle	- -	129.58	90.81	61.19	106.7	109.2	97.6	137.75	147.04
Inventory to Cash Days	- -	-190.48	-171.61	-115.86	-125.21	-156.02	-150.54	-151.17	-151.91
Inventories	21	31	36	32	63	44	20	14	14
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	6	7	9	- -	- -	- -	- -	- -
Other Inventory	21	25	29	23	63	44	20	14	14

Enterprise Value (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	104	466	226	62	31	21	7
- Cash & Cash Equivalents	5	20	30	27	30	44	20	18	5
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	10	28	35	87	40	23	12	7	5
Enterprise Value	5	7	109	526	237	41	24	10	7
Total Capital	18	33	46	110	265	125	48	37	20
Total Debt/Capital (%)	55.7	83.67	76.6	78.72	15.27	18.24	25.21	19.81	23.33
Total Debt / EV	2.07	3.68	0.32	0.16	0.17	0.55	0.52	0.71	0.69
EV/Sales	0.14	0.1	0.95	2.83	0.95	0.19	0.16	0.11	0.1
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	47.22	- -	- -	- -	3.08	- -
EV/Free Cash Flow to Firm	- -	- -	- -	46.85	- -	- -	- -	3.05	- -
Diluted Market Cap	- -	- -	80	295	145	51	27	17	6
Diluted Enterprise Value	5	7	84	355	156	30	19	6	5
EV per Share	3.44	5.19	73.91	233.02	51.52	6.14	3.13	1.19	0.67
TTM Sales	36	73	114	186	248	221	143	99	69
TTM EBITDA	-22	-29	-54	-21	-53	-52	-33	-10	-13
TTM Operating Income	-23	-29	-54	-22	-60	-60	-36	-12	-14
TTM Cash Flow to Firm	-28	-28	-21	11	-29	-15	-11	3	-10
TTM Free Cash Flow to Firm	-28	-28	-21	11	-29	-15	-11	3	-10

Multiples (USD)

API ChatGPT

	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	-3.17	47.81	-3.47	-2.94	-2.05	7.69	-0.51
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	5	7	109	526	237	41	24	10	7
Low Price	- -	- -	50.4	17.04	36.48	8.06	3.12	1.9	0.64
EV/Sales	0.14	0.1	0.95	2.83	0.95	0.19	0.16	0.11	0.1
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-1.57	-1.71	-2.48	-0.86	-0.66	-1.84	-0.62
Price/Earnings High	- -	- -	-2.47	-5.19	-7.34	-2.46	-1.76	-3.9	-1.46
Price/Earnings Low	- -	- -	-0.97	-0.39	-0.46	-0.23	-0.27	-1.13	-0.27
Price/Book Value	- -	- -	9.74	19.93	1.01	0.61	0.87	0.7	0.46
Price/Book Value Average	- -	- -	11.28	7.29	4.07	2.02	1.57	0.9	0.98
Price/Book Value High	- -	- -	17.76	22.09	12.04	5.75	4.21	1.91	2.31
Price/Book Value Low	- -	- -	6.94	1.64	0.75	0.53	0.65	0.55	0.42
Price/Tangible Book Value	- -	- -	10.8	-8.41	5.76	1.32	1.27	1.04	0.64
Price/Tangible Book Value Average	- -	- -	12.51	-3.08	23.19	4.35	2.29	1.33	1.37
Price/Tangible Book Value High	- -	- -	19.7	-9.33	68.62	12.42	6.13	2.82	3.24
Price/Tangible Book Value Low	- -	- -	7.7	-0.69	4.26	1.15	0.95	0.82	0.59
Price/Sales	- -	- -	0.7	1.59	0.59	0.23	0.19	0.17	0.08
Price/Sales Average	- -	- -	0.81	0.58	2.36	0.77	0.34	0.22	0.17
Price/Sales High	- -	- -	1.27	1.76	7	2.18	0.92	0.47	0.4
Price/Sales Low	- -	- -	0.5	0.13	0.43	0.2	0.14	0.14	0.07
Price/Cash Flow	- -	- -	-3.16	48.51	-3.46	-2.93	-2.03	7.84	-0.51
Price/Cash Flow Average	- -	- -	-3.66	17.74	-13.96	-9.68	-3.66	10.08	-1.08
Price/Cash Flow High	- -	- -	-5.76	53.78	-41.3	-27.64	-9.82	21.36	-2.55
Price/Cash Flow Low	- -	- -	-2.25	4	-2.56	-2.56	-1.52	6.2	-0.47
Price/Free Cash Flow Average	- -	- -	-3.67	17.49	-13.97	-9.73	-3.69	9.89	-1.08
Price/Free Cash Flow High	- -	- -	-5.79	53	-41.33	-27.77	-9.91	20.95	-2.56
Price/Free Cash Flow Low	- -	- -	-2.26	3.94	-2.56	-2.57	-1.53	6.09	-0.47
EV/Sales Average	0.14	0.1	1.1	1.24	3.72	0.83	0.34	0.17	0.21
EV/Sales High	0.14	0.1	1.71	3.1	10.93	2.56	1.01	0.47	0.51
EV/Sales Low	0.14	0.1	0.69	0.53	0.72	0.15	0.11	0.06	0.09
EV/EBITDA Average	-0.22	-0.26	-2.32	-10.72	-17.36	-3.53	-1.49	-1.62	-1.17
EV/EBITDA High	-0.22	-0.26	-3.61	-26.85	-51	-10.8	-4.41	-4.6	-2.78
EV/EBITDA Low	-0.22	-0.26	-1.46	-4.58	-3.34	-0.64	-0.48	-0.6	-0.49
EV/EBIT Average	-0.22	-0.25	-2.31	-10.45	-15.26	-3.08	-1.33	-1.39	-1.03
EV/EBIT High	-0.22	-0.25	-3.59	-26.17	-44.82	-9.44	-3.94	-3.95	-2.46
EV/EBIT Low	-0.22	-0.25	-1.46	-4.46	-2.94	-0.56	-0.43	-0.51	-0.44
Last Price	- -	- -	70.68	206.52	49.32	9.24	4.18	2.4	0.7
High Price	- -	- -	128.88	228.96	587.88	87.12	20.19	6.54	3.5
Enterprise Value Average	5	7	126	230	922	185	49	16	15
Enterprise Value High	5	7	195	576	2,709	565	144	47	35
Enterprise Value Low	5	7	79	98	178	33	16	6	6

Shares Outstanding	1	1	1	2	5	7	8	9	10
Diluted Weighted Avg Shares	1	1	1	1	3	6	7	7	8
Basic Weighted Avg Shares	1	1	1	1	3	6	7	7	8
Revenue per Share	24.94	50.13	101.61	129.8	84.04	39.89	21.89	14.01	8.69
EBITDA per Share	-15.28	-19.96	-48.07	-15.01	-18.02	-9.44	-5	-1.43	-1.58
Operating Income per Share	-15.46	-20.13	-48.24	-15.39	-20.5	-10.8	-5.6	-1.67	-1.78
Basic EPS, GAAP	-15.78	-21.77	-52.19	-44.12	-80.06	-35.41	-11.45	-1.68	-2.39
Basic EPS from Cont Ops	-15.78	-21.77	-52.19	-44.12	-80.06	-35.41	-11.45	-1.68	-2.39
Diluted EPS, GAAP	-15.78	-21.77	-52.19	-44.12	-80.06	-35.41	-11.45	-1.68	-2.39
Diluted EPS from Cont Ops	-15.78	-21.77	-52.19	-44.12	-80.06	-35.41	-11.45	-1.68	-2.39
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-19.67	-20.76	-22.37	4.26	-14.24	-3.15	-2.06	0.31	-1.37
Free Cash Flow per Basic Share	-19.76	-20.8	-22.47	4.2	-14.25	-3.17	-2.07	0.3	-1.38
Cash & Equivalents per Share	3.68	13.91	20.54	11.84	6.6	6.48	2.67	2.06	0.48
Book Value per Share	5.66	3.73	7.26	10.36	48.84	15.15	4.8	3.43	1.52
Tangible Book Value per Share	5.66	3.73	6.54	-24.55	8.57	7.01	3.29	2.32	1.08

Aterian, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)