Company: AIP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001667011-25-000029
Chunk: 14

Company: Arteris, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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iring at various dates through 2034. Under the terms of these agreements, the Company also bears the costs for certain insurance, property tax, and maintenance. The terms of certain lease agreements provide for increasing rental payments at fixed intervals.Total operating lease related costs were as follows (in thousands):Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Operating lease cost$382 $322 $745 $646 Short-term lease cost24 9 50 13 Total lease cost$406 $331 $795 $659 

15

The weighted-average remaining term of the Company’s operating leases was 4.2 years and 3.9 years as of June 30, 2025 and December 31, 2024, respectively. The weighted-average discount rate used to measure the present value of the operating lease liabilities was 10.0% as of both June 30, 2025 and December 31, 2024. Cash payments made related to operating lease liabilities were $0.5 million and $0.2 million for the three months ended June 30, 2025 and 2024, respectively, and $0.8 million and $0.5 million for the six months ended June 30, 2025 and 2024, respectively.Maturities of operating lease liabilities as of June 30, 2025 were as follows (in thousands):Fiscal year ending December 31,AmountRemainder of 2025$739 20261,570 20271,527 20281,109 2029411 Thereafter594 Total undiscounted cash flows5,950 Less: imputed interest(1,111)Present value of lease liabilities$4,839 Operating lease liabilities, current$1,106 Operating lease liabilities, noncurrent3,733 Total lease liabilities $4,839 

9.    BORROWINGS

Vendor financing arrangements—The Company has various vendor financing arrangements with extended payment terms on the purchase of software licenses and equipment. In order to determine the present value of the commitments, the Company used an imputed interest rate of 10.0%, which is an estimate based on the Company’s collateralized borrowing rate.Expected cash flows related to vendor financing arrangements as of June 30, 2025 were as follows (in thousands):Fiscal year ending December 31,AmountRemainder of