Company: AIP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001667011-25-000029
Chunk: 12

Company: Arteris, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 12
---
’s vendor financing arrangements are classified within Level 2 because these borrowings are not actively traded and have a variable interest rate structure based upon the Company’s incremental borrowing rate. The estimated fair values of these financial instruments approximate their carrying values.

13

Financial Instruments Recorded at Fair Value on a Recurring BasisThe following tables summarize the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):As ofJune 30, 2025Level 1Level 2Level 3Fair ValueAssets:Cash equivalents:Money market funds$11,845 $— $— $11,845 U.S. treasury securities— 1,597 — 1,597 Total cash equivalents11,845 1,597 — 13,442 Short-term investments:Corporate bonds— 3,562 — 3,562 U.S. government agency securities— 12,796 — 12,796 U.S. treasury securities— 5,499 — 5,499 Total short-term investments— 21,857 — 21,857 Long-term investments:Corporate bonds— 15,073 — 15,073 U.S. government agency securities— 832 — 832 Total long-term investments— 15,905 — 15,905 Total financial assets$11,845 $39,359 $— $51,204 As ofDecember 31, 2024Level 1Level 2Level 3Fair ValueAssets:Cash equivalents:Money market funds$10,410 $— $— $10,410 Total cash equivalents10,410 — — 10,410 Short-term investments:Corporate bonds— 5,542 — 5,542 U.S. government agency securities— 14,850 — 14,850 U.S. treasury securities— 9,765 — 9,765 Total short-term investments— 30,157 — 30,157 Long-term investments:Corporate bonds— 2,620 — 2,620 U.S. treasury securities— 1,988 — 1,988 U.S. government agency securities— 3,896 — 3,896 Total long-term investments— 8,504 — 8,504 Total financial assets$10,410 $38,