Company: AIP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048977
Chunk: 255

Company: Arteris, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 255
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 16,237 — 16,237 U.S. government agency securities— 1,000 — 1,000 Total long-term investments— 17,237 — 17,237 Total financial assets$3,389 $39,802 $— $43,191 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 $38,661 $— $49,071 Money market funds are highly liquid investments and are actively traded. The fair value is based on quoted prices for identical assets in active markets and therefore classified as Level 1 of the fair value hierarchy. The Company’s other investments are considered Level 2 financial instruments as their fair values are determined using inputs that are directly or indirectly observable in active or less active markets. There were no transfers between levels during the periods presented.

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7.    INTANGIBLE ASSETS AND GOODWILL

Intangible assets, netIntangible assets, net consisted of the following as of September 30, 2025 (in thousands):Gross Fair ValueAccumulated AmortizationNet Book ValueDeveloped technology$3,590 $(2,314)$1,276 Customer relationships1,830 (916)914 Trade name and other200 (29)171 Total intangibles$5,620 $(3,259)$2,361 Intangible assets, net consisted of the following as of December 31, 2024 (in thousands):Gross Fair ValueAccumulated Amortization