Company: AIP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048977
Chunk: 250

Company: Arteris, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 250
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. Cash held at these financial institutions generally exceed federally insured limits. The Company is exposed to credit risk in the event of default by the financial institution holding its cash, cash equivalents, and investments to the extent recorded in the balance sheet. The Company has not experienced any losses to date related to these concentrations.The Company’s accounts receivable are derived principally from revenue earned from customers located in Americas, Europe, Middle East and Asia Pacific regions.Accounts receivable from the Company’s major customers representing 10% or more of total accounts receivable was as follows:As ofSeptember 30,2025December 31,2024Customer A13 %14 %Customer B12 %— %Customer C*22 %Customer D— %19 %* Customer accounted for less than 10% of total accounts receivable at period end.Revenue from the Company’s major customers representing 10% or more of total revenue was as follows:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Customer A13 %15 %13 %15 %Recent Accounting PronouncementsRecently Adopted Accounting PronouncementsIn December 2023, the Financial Accounting Standards Board (FASB), issued ASU 2023-09, Improvements to Income Tax Disclosures, which requires (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. This ASU is effective for fiscal years beginning after December 15, 2024. The adoption of ASU 2023-09 will result in additional disclosures and does not have a significant impact on the Company’s annual consolidated financial statements.

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Recently Issued Accounting Pronouncements Not Yet AdoptedIn September 2025, the FASB issued ASU 2025-06, Targeted Improvements to the Accounting for Internal-Use Software which eliminates accounting consideration of software project development stages and clarifies the threshold applied to begin capitalizing costs. This ASU is effective for fiscal years beginning after December 15, 2027 and interim reporting periods within those annual reporting periods, with early adoption permitted as of the beginning of an annual period. The Company is currently evaluating the impact of adopting this ASU on its consolidated financial statements and disclosures.In July 2025, the FASB issued ASU 2025-05, Financial Instruments - Credit Losses (Topic 326), which provides all entities with a practical expedient to assume