NASDAQ : AIP
Arteris, Inc. — Financial statements
Technology · Semiconductors · United States
Last price 18.8 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 924.06M
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Financial statements
Arteris, Inc. (AIP) reported revenue of 84.61M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 84.61M | 70.58M | 57.72M | 53.67M | 50.38M | 37.86M |
| Cost of Revenue | 10.48M | 6.89M | 5.96M | 5.08M | 4.28M | 3.73M |
| Gross Profit | 74.13M | 63.68M | 51.76M | 48.59M | 46.10M | 34.13M |
| Selling, General & Admin | 54.63M | 46.91M | 38.35M | 38.60M | 33.29M | 25.09M |
| Research & Development | 57.09M | 49.91M | 45.01M | 45.13M | 41.17M | 30.81M |
| Operating Expenses | 111.72M | 96.82M | 83.36M | 83.73M | 74.45M | 55.90M |
| Operating Income | -37.59M | -33.14M | -31.60M | -35.14M | -28.36M | -21.77M |
| Interest Expense | -171.00K | -193.00K | -244.00K | -211.00K | -89.00K | -105.00K |
| Interest & Investment Income | 1.73M | 1.73M | 1.72M | 1.89M | 808.00K | 126.00K |
| Earnings From Equity Investments | -4.21M | -2.81M | -2.70M | -3.40M | -284.00K | |
| Currency Exchange Gain (Loss) | -400.00K | -400.00K | -200.00K | -400.00K | -100.00K | -600.00K |
| EBT Excluding Unusual Items | -40.91M | -34.82M | -33.02M | -37.26M | -28.02M | -22.34M |
| Merger & Restructuring Charges | -2.80M | -500.00K | ||||
| Gain (Loss) on Sale of Investments | 1.55M | 1.55M | 1.88M | 2.07M | 568.00K | |
| Gain (Loss) on Sale of Assets | 149.00K | |||||
| Pretax Income | -42.16M | -33.27M | -31.14M | -35.19M | -27.80M | -22.34M |
| Income Tax Expense | -2.64M | 1.48M | 2.50M | 1.68M | -417.00K | 1.04M |
| Earnings From Continuing Operations | -39.52M | -34.75M | -33.64M | -36.87M | -27.39M | -23.38M |
| Net Income | -39.52M | -34.75M | -33.64M | -36.87M | -27.39M | -23.38M |
| Net Income to Common | -39.52M | -34.75M | -33.64M | -36.87M | -27.39M | -23.38M |
| Shares Outstanding (Basic) | 44.83M | 42.29M | 38.91M | 35.68M | 32.58M | 21.97M |
| Shares Outstanding (Diluted) | 44.83M | 42.29M | 38.91M | 35.68M | 32.58M | 21.97M |
| EPS (Basic) | -0.88 | -0.82 | -0.86 | -1.03 | -0.84 | -1.06 |
| EPS (Diluted) | -0.88 | -0.82 | -0.86 | -1.03 | -0.84 | -1.06 |
| Free Cash Flow | 6.77M | 5.34M | -1.04M | -17.23M | -7.82M | -1.62M |
| Free Cash Flow Per Share | 0.15 | 0.13 | -0.03 | -0.48 | -0.24 | -0.07 |
| Gross Margin | 87.61% | 90.23% | 89.67% | 90.54% | 91.50% | 90.15% |
| Operating Margin | -44.42% | -46.95% | -54.74% | -65.48% | -56.29% | -57.48% |
| Profit Margin | -46.70% | -49.23% | -58.27% | -68.70% | -54.36% | -61.76% |
| Free Cash Flow Margin | 8.00% | 7.57% | -1.81% | -32.11% | -15.52% | -4.28% |
| EBITDA | -33.04M | -29.76M | -28.23M | -32.07M | -26.26M | -20.27M |
| EBITDA Margin | -39.05% | -42.17% | -48.91% | -59.76% | -52.12% | -53.54% |
| D&A For EBITDA | 4.55M | 3.38M | 3.36M | 3.07M | 2.10M | 1.49M |
| EBIT | -37.59M | -33.14M | -31.60M | -35.14M | -28.36M | -21.77M |
| EBIT Margin | -44.42% | -46.95% | -54.74% | -65.48% | -56.29% | -57.48% |
| Revenue as Reported | 84.61M | 70.58M | 57.72M | 53.67M | 50.38M | 37.86M |
| Advertising Expenses | 200.00K | 100.00K | 100.00K | 100.00K | 400.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 93.27M | 33.90M | 13.68M | 13.70M | 37.42M | 85.83M |
| Short-Term Investments | 28.79M | 20.70M | 30.16M | 27.48M | 30.73M | |
| Cash & Short-Term Investments | 122.06M | 54.60M | 43.84M | 41.17M | 68.15M | 85.83M |
| Accounts Receivable | 16.08M | 19.18M | 20.77M | 12.31M | 7.81M | 14.51M |
| Other Receivables | 1.94M | 301.00K | 310.00K | 114.00K | 2.83M | |
| Receivables | 16.08M | 21.12M | 21.08M | 12.62M | 7.93M | 17.34M |
| Prepaid Expenses | 4.76M | 829.00K | 685.00K | 1.03M | 1.37M | 74.00K |
| Other Current Assets | 3.34M | 5.84M | 3.48M | 3.60M | 3.66M | 3.41M |
| Total Current Assets | 146.34M | 82.39M | 69.08M | 58.43M | 81.11M | 106.65M |
| Property, Plant & Equipment | 10.89M | 7.79M | 7.86M | 10.03M | 5.50M | 5.20M |
| Long-Term Investments | 1.20M | 7.93M | 14.31M | 20.30M | 16.32M | |
| Goodwill | 35.30M | 4.18M | 4.18M | 4.18M | 4.22M | 2.68M |
| Other Intangible Assets | 18.77M | 2.17M | 3.02M | 3.86M | 4.58M | 2.96M |
| Long-Term Accounts Receivable | 566.00K | 511.00K | 852.00K | |||
| Long-Term Deferred Charges | 2.71M | 2.42M | 1.79M | 1.35M | 1.53M | 1.72M |
| Other Long-Term Assets | 9.51M | 8.15M | 5.90M | 4.08M | 1.74M | 386.00K |
| Total Assets | 224.71M | 115.03M | 106.14M | 102.80M | 115.52M | 120.44M |
| Accounts Payable | 558.00K | 340.00K | 539.00K | 183.00K | 572.00K | 1.72M |
| Accrued Expenses | 30.44M | 15.66M | 12.13M | 10.32M | 9.22M | 8.90M |
| Current Portion of Long-Term Debt | 1.30M | 1.17M | 1.48M | 2.07M | 1.26M | 833.00K |
| Current Portion of Leases | 1.47M | 1.23M | 917.00K | 781.00K | 899.00K | 961.00K |
| Current Unearned Revenue | 59.58M | 52.55M | 41.62M | 32.72M | 30.02M | 28.40M |
| Other Current Liabilities | 2.25M | 2.59M | 333.00K | 1.70M | 1.67M | |
| Total Current Liabilities | 93.34M | 73.20M | 59.28M | 46.40M | 43.67M | 42.49M |
| Long-Term Debt | 2.19M | 452.00K | 594.00K | 1.29M | 448.00K | 266.00K |
| Long-Term Leases | 3.73M | 3.12M | 3.00M | 3.61M | 1.01M | 1.85M |
| Long-Term Unearned Revenue | 55.15M | 50.43M | 42.81M | 33.98M | 31.83M | 20.77M |
| Pension & Post-Retirement Benefits | 2.09M | 1.41M | 1.35M | 1.02M | 888.00K | |
| Other Long-Term Liabilities | 2.63M | 375.00K | 236.00K | 1.06M | 1.27M | |
| Total Liabilities | 157.04M | 129.66M | 107.32M | 87.70M | 77.98M | 67.54M |
| Common Stock | 49.00K | 44.00K | 40.00K | 37.00K | 34.00K | 31.00K |
| Additional Paid-In Capital | 261.17M | 156.78M | 135.52M | 118.19M | 103.78M | 91.94M |
| Retained Earnings | -193.66M | -171.63M | -136.88M | -103.25M | -66.38M | -38.99M |
| Comprehensive Income & Other | 106.00K | 179.00K | 135.00K | 120.00K | 101.00K | -81.00K |
| Total Common Equity | 67.67M | -14.63M | -1.19M | 15.10M | 37.53M | 52.90M |
| Shareholders' Equity | 67.67M | -14.63M | -1.19M | 15.10M | 37.53M | 52.90M |
| Total Liabilities & Equity | 224.71M | 115.03M | 106.14M | 102.80M | 115.52M | 120.44M |
| Total Debt | 8.69M | 5.97M | 5.99M | 7.75M | 3.62M | 3.91M |
| Net Cash (Debt) | 113.38M | 48.63M | 37.85M | 33.42M | 64.53M | 81.91M |
| Net Cash Per Share | 2.53 | 1.15 | 0.97 | 0.94 | 1.98 | 3.73 |
| Filing Date Shares Outstanding | 49.15M | 45.47M | 40.95M | 37.85M | 34.79M | 31.61M |
| Total Common Shares Outstanding | 49.05M | 44.27M | 40.72M | 37.52M | 34.63M | 31.53M |
| Working Capital | 53.00M | 9.19M | 9.80M | 12.03M | 37.44M | 64.16M |
| Book Value Per Share | 1.38 | -0.33 | -0.03 | 0.40 | 1.08 | 1.68 |
| Tangible Book Value | 13.61M | -20.98M | -8.39M | 7.07M | 28.74M | 47.27M |
| Tangible Book Value Per Share | 0.28 | -0.47 | -0.21 | 0.19 | 0.83 | 1.50 |
| Machinery | 997.00K | 876.00K | 863.00K | 402.00K | 312.00K | |
| Construction In Progress | 31.00K | 35.00K | 282.00K | |||
| Leasehold Improvements | 647.00K | 620.00K | 535.00K | 299.00K | 295.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -39.52M | -34.75M | -33.64M | -36.87M | -27.39M | -23.38M |
| Depreciation & Amortization | 4.55M | 3.38M | 3.36M | 3.07M | 2.10M | 1.49M |
| Loss (Gain) From Sale of Assets | -149.00K | |||||
| Loss (Gain) From Sale of Investments | -216.00K | -368.00K | -695.00K | -893.00K | -177.00K | |
| Loss (Gain) on Equity Investments | 4.21M | 2.81M | 2.70M | 3.40M | 284.00K | |
| Stock-Based Compensation | 21.43M | 18.38M | 15.94M | 14.54M | 11.69M | 5.51M |
| Other Operating Activities | -3.06M | -577.00K | -1.03M | -917.00K | -746.00K | 55.00K |
| Change in Accounts Receivable | 4.95M | 1.43M | -8.61M | -4.86M | 7.10M | 477.00K |
| Change in Accounts Payable | -1.30M | -191.00K | 324.00K | -389.00K | -1.03M | 350.00K |
| Change in Unearned Revenue | 23.45M | 19.72M | 18.91M | 6.03M | 830.00K | 16.27M |
| Change in Other Net Operating Assets | -5.98M | -3.09M | 2.01M | 1.17M | 719.00K | -1.58M |
| Operating Cash Flow | 8.51M | 6.73M | -720.00K | -15.73M | -6.77M | -814.00K |
| Capital Expenditures | -1.74M | -1.39M | -324.00K | -1.50M | -1.05M | -808.00K |
| Cash Acquisitions | -11.18M | -1.12M | -500.00K | |||
| Investment in Securities | 7.94M | 13.42M | 1.29M | -3.14M | -35.55M | |
| Other Investing Activities | -50.00K | 241.00K | -51.00K | |||
| Investing Cash Flow | -4.98M | 12.03M | 970.00K | -4.69M | -37.48M | -1.36M |
| Long-Term Debt Repaid | -1.50M | -1.75M | -1.29M | -1.14M | -1.12M | |
| Net Debt Issued (Repaid) | -1.63M | -1.50M | -1.75M | -1.29M | -1.14M | -1.12M |
| Issuance of Common Stock | 75.09M | 2.85M | 1.43M | 490.00K | 876.00K | 80.90M |
| Repurchase of Common Stock | -607.00K | -2.06M | ||||
| Other Financing Activities | 138.00K | 72.00K | 59.00K | -1.51M | -1.83M | -3.52M |
| Financing Cash Flow | 73.60M | 1.42M | -262.00K | -2.92M | -4.15M | 76.25M |
| Net Cash Flow | 77.13M | 20.18M | -12.00K | -23.34M | -48.40M | 74.08M |
| Free Cash Flow | 6.77M | 5.34M | -1.04M | -17.23M | -7.82M | -1.62M |
| Free Cash Flow Margin | 8.00% | 7.57% | -1.81% | -32.11% | -15.52% | -4.28% |
| Free Cash Flow Per Share | 0.15 | 0.13 | -0.03 | -0.48 | -0.24 | -0.07 |
| Levered Free Cash Flow | 31.02M | 10.90M | 4.42M | -8.25M | 3.63M | 3.35M |
| Unlevered Free Cash Flow | 31.13M | 11.02M | 4.58M | -8.11M | 3.69M | 3.42M |
| Cash Interest Paid | 19.00K | |||||
| Cash Income Tax Paid | 2.82M | 2.82M | 1.55M | 1.29M | 790.00K | 489.00K |
| Change in Working Capital | 21.12M | 17.86M | 12.64M | 1.95M | 7.62M | 15.51M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 924.06M | 677.10M | 409.41M | 217.07M | 143.73M | 659.79M |
| Enterprise Value | 810.68M | 644.97M | 366.86M | 175.32M | 75.23M | 658.50M |
| Last Close Price | 18.80 | 15.50 | 10.19 | 5.89 | 4.30 | 21.11 |
| PS Ratio | 10.92 | 9.59 | 7.09 | 4.04 | 2.85 | 17.43 |
| PB Ratio | 13.63 | -46.27 | -344.62 | 14.37 | 3.83 | 12.47 |
| P/TBV Ratio | 67.91 | 30.72 | 5.00 | 13.96 | ||
| P/FCF Ratio | 136.57 | 126.68 | ||||
| P/OCF Ratio | 108.64 | 100.56 | ||||
| EV/Sales Ratio | 9.58 | 9.14 | 6.36 | 3.27 | 1.49 | 17.39 |
| EV/FCF Ratio | 119.82 | 120.67 | ||||
| Debt / Equity Ratio | 0.13 | -0.41 | -5.04 | 0.51 | 0.10 | 0.07 |
| Debt / FCF Ratio | 1.28 | 1.12 | ||||
| Net Debt / Equity Ratio | -1.68 | 3.32 | 31.86 | -2.21 | -1.72 | -1.55 |
| Net Debt / EBITDA Ratio | 3.43 | 1.63 | 1.34 | 1.04 | 2.46 | 4.04 |
| Net Debt / FCF Ratio | -16.76 | -9.10 | 36.26 | 1.94 | 8.25 | 50.50 |
| Asset Turnover | 0.51 | 0.64 | 0.55 | 0.49 | 0.43 | 0.46 |
| Quick Ratio | 1.48 | 1.03 | 1.09 | 1.16 | 1.74 | 2.43 |
| Current Ratio | 1.57 | 1.13 | 1.17 | 1.26 | 1.86 | 2.51 |
| Return on Equity (ROE) | -131.41% | -483.48% | -140.08% | -60.56% | -100.34% | |
| Return on Assets (ROA) | -14.17% | -18.73% | -18.90% | -20.12% | -15.02% | -16.67% |
| Return on Invested Capital (ROIC) | -74.73% | -67.44% | ||||
| Return on Capital Employed (ROCE) | -28.60% | -79.20% | -67.40% | -62.30% | -39.50% | -27.90% |
| Earnings Yield | -4.69% | -5.13% | -8.22% | -16.98% | -19.05% | -3.54% |
| FCF Yield | 0.73% | 0.79% | -0.26% | -7.94% | -5.44% | -0.25% |
| Buyback Yield / Dilution | -10.59% | -8.68% | -9.08% | -9.51% | -48.27% | -25.00% |