Company: AIP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001667011-25-000029
Chunk: 253

Company: Arteris, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 253
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U 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 $25,292 Variable royalties1,402 971 2,569 1,789 Other12 51 42 441 Total$16,502 $14,575 $33,034 $27,522 Contract BalancesThe following table provides information about accounts receivable, net, contract assets and deferred revenue (in thousands):As ofJune 30,2025December 31,2024Accounts receivable, net$18,753 $20,608 Contract assets, current portion$34 $167 Deferred revenue$81,947 $75,622 The Company recognized revenue of $14.0 million and $11.5 million for the three months ended June 30, 2025 and 2024, respectively, and $25.5 million and $20.6 million for the six months ended June 30, 2025 and 2024, respectively, that was included in the deferred revenue balance at the beginning of the respective periods. Contract assets, current are included in prepaid expenses and other current assets on the consolidated balance sheets.

11

As of June 30, 2025, non-cancelable contracted but unsatisfied or partially satisfied performance obligations that have not yet been recognized were $95.8 million which includes deferred revenue, amounts that will be invoiced and recognized as revenues in future periods and Flexible Spending Accounts (FSA) commitments, from customers where actual product selection and quantities of specific products are