Aterian Q3 2025 net revenue $19.0M (down 27% YoY); EBITDA loss narrows sequentially

Aterian, Inc.

Net revenue $19.0M vs $26.2M in Q3 2024, down 27% due to tariffs and lower unit volume.
Gross margin 56.1% vs 60.3% YoY; contribution margin 15.5% vs 17.0%.
Operating loss $(2.0)M, net loss $(2.3)M; Adjusted EBITDA loss $(0.4)M, narrowed 80% from Q2 2025.
Reiterates H2 2025 guidance: net revenue $36-38M, Adjusted EBITDA $0 to -$1.0M.
New product launches on BestBuy.com, BedBathandBeyond.com, HomeDepot.com; Squatty Potty wipes and Tallow Skin Care line.

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