Company: AIP
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001667011-25-000022
Chunk: 249

Company: Arteris, Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 8
Chunk 249
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 structure based upon the Company’s incremental borrowing rate. The estimated fair values of these financial instruments approximate their carrying values.

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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 ofMarch 31, 2025Level 1Level 2Level 3Fair ValueAssets:Cash equivalents:Money market funds$13,403 $— $— $13,403 Total cash equivalents13,403 — — 13,403 Short-term investments:Corporate bonds— 3,840 — 3,840 U.S. government agency securities— 13,311 — 13,311 U.S. treasury securities— 8,791 — 8,791 Total short-term investments— 25,942 — 25,942 Long-term investments:Corporate bonds— 9,079 — 9,079 U.S. treasury securities— 1,702 — 1,702 U.S. government agency securities— 1,998 — 1,998 Total long-term investments— 12,779 — 12,779 Total financial assets$13,403 $38,721 $— $52,124 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.