Company: AIP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001667011-25-000029
Chunk: 8

Company: Arteris, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 other customary terms.Revenue from the Company’s major customers representing 10% or more of total revenue was as follows:Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Customer B14 %14 %14 %14 %* Customer accounted for less than 10% of total revenue during the period.Significant Accounting PoliciesThere have been no significant changes to the Company’s significant accounting policies during the six months ended June 30, 2025 from those disclosed in the annual consolidated financial statements for the year ended December 31, 2024.

10

Recent Accounting PronouncementsRecently Adopted Accounting PronouncementsIn December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, which amends the guidance in Accounting Standard Codification (ASC) Topic 740, Income Taxes. This ASU is intended to improve the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. It also includes certain other amendments to improve the effectiveness of income tax disclosures. This ASU is effective for fiscal years beginning after December 15, 2024. The adoption of ASU 2023-09 does not have a significant impact on the Company’s annual consolidated financial statements.Recently Issued Accounting Pronouncements Not Yet AdoptedIn November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses, and in January 2025, the FASB issued ASU 2025-01, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures, to provide disaggregated disclosures of specific expense categories underlying certain income statement expense line items on an annual and interim basis. ASU 2024-03, as clarified by ASU 2025-01, is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. The Company is currently evaluating the impact of adopting these ASUs on its consolidated financial statements and disclosures.

3.    REVENUE

Disaggregated RevenueThe following table shows revenue by product and services groups (in thousands):Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Licensing, support and maintenance$15,088 $13,553 $30,423