Company: AIP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048977
Chunk: 278

Company: Arteris, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 278
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 France for R&D projects.

31

Sales and marketing expenses

S&M expenses increased by $4.3 million or 28%, to $19.7 million for the nine months ended September 30, 2025 from $15.4 million for the nine months ended September 30, 2024. The increase in S&M expenses was primarily due to higher employee-related costs of $3.6 million mainly driven by increased headcount to support growth of our business and higher stock-based compensation expense.

General and administrative expenses

G&A expenses remained relatively flat for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024.

Interest expense

Nine Months Ended September 30,Change20252024$%(dollars in thousands)Interest expense$(139)$(199)$60 (30)%

Interest expense remained relatively flat for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024.

Other income (expense), net

Nine Months Ended September 30,Change20252024$%(dollars in thousands)Other income (expense), net$2,140 $2,576 $(436)(17)%

Other income (expense), net decreased by $0.4 million, or 17%, to $2.1 million for the nine months ended September 30, 2025, from $2.6 million for the nine months ended September 30, 2024. The decrease in interest and other income (expense), net was primarily due to lower interest rates on cash balances and lower interest income earned on our available-for-sale investments.

Loss from equity method investment

Nine Months Ended September 30,Change20252024$%(dollars in thousands)Loss from equity method investment$2,079 $2,064 $15 1 %

Loss from equity method investment remained relatively flat for the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. Such losses are expected to continue in the near future. Transchip's ability to continue its operations is dependent upon raising additional capital, which it is currently expected to be able to raise. 

32

Provision for income taxes

Nine Months Ended September 30,Change20252024$%(dollars in thousands)Provision for income taxes$1,494 $1,253 $241 19 %

Provision for income taxes for