Company: AIP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001667011-25-000029
Chunk: 363

Company: Arteris, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 363
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,251)$(17,747)

(1)Includes stock-based compensation expense as follows: 

Three Months EndedSix Months EndedJune 30,June 30,2025202420252024(in thousands)Cost of revenue$232 $186 $437 $375 Research and development1,926 1,788 3,898 3,396 Sales and marketing1,048 657 2,017 1,380 General and administrative1,291 1,129 2,457 2,266 Total stock-based compensation$4,497 $3,760 $8,809 $7,417 

28

The following table summarizes our results of operations as a percentage of total revenue for each of the periods indicated:

Three Months EndedSix Months EndedJune 30,June 30,2025202420252024(as a percentage of total revenue)Total revenue100 %100 %100 %100 %Cost of revenue11 10 10 11 Gross profit89 90 90 89 Operating expenses:Research and development74 74 73 78 Sales and marketing38 34 39 38 General and administrative27 33 27 33 Total operating expenses139 141 139 149 Loss from operations(50)(51)(49)(60)Interest expense— — — (1)Other income (expense), net5 6 5 7 Loss before income taxes and loss from equity method investment(45)(45)(44)(54)Loss from equity method investment, net of tax5 5 5 5 Provision for income taxes5 7 3 5 Net loss(55)%(57)%(52)%(64)%

Comparison of the Three Months Ended June 30, 2025 and 2024

Revenue

Three Months Ended June 30,Change20252024$%(dollars in thousands)Licensing, support and maintenance$15,088 $13,553 $1,535 11 %Variable royalties1,402 971 431 44 %Other12 51 (39)(76)%Total$16,502 $14,575 $1,927 13 %

Revenue from licensing, support and maintenance increased by $1.5 million for the three months ended June 30, 2025, compared to the three months ended June 30,