Company: AIP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048977
Chunk: 0

Company: Arteris, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements

Arteris, Inc.

Condensed Consolidated Balance Sheets

(In thousands, except share and per share data)

(Unaudited)

As ofSeptember 30, 2025December 31, 2024ASSETSCurrent assets:Cash and cash equivalents$17,417 $13,684 Short-term investments (Note 5)21,567 30,157 Accounts receivable, net of allowance of $123 and $131 as of September 30, 2025 and December 31, 2024, respectively16,480 20,608 Prepaid expenses and other current assets5,566 4,634 Total current assets61,030 69,083 Property and equipment, net4,461 4,019 Long-term investments (Note 5)17,237 8,504 Equity method investment3,723 5,802 Operating lease right-of-use assets4,195 3,838 Intangibles, net2,361 3,024 Goodwill4,178 4,178 Other assets10,552 7,687 TOTAL ASSETS$107,737 $106,135 LIABILITIES AND STOCKHOLDERS’ DEFICITCurrent liabilities:Accounts payable$517 $539 Accrued expenses and other current liabilities17,212 15,899 Operating lease liabilities, current1,186 917 Deferred revenue, current46,243 40,445 Vendor financing arrangements, current1,614 1,482 Total current liabilities66,772 59,282 Deferred revenue, noncurrent39,629 35,177 Operating lease liabilities, noncurrent3,431 2,998 Vendor financing arrangements, noncurrent624 594 Deferred income, noncurrent6,749 7,631 Other liabilities1,981 1,641 Total liabilities119,186 107,323 Commitments and contingencies (Note 10)Stockholders' deficit:Preferred stock, par value of $0.001 - 10,000,000 shares authorized and no shares issued and outstanding as of both September 30, 2025 and December 31, 2024— — Common stock, par value of $0.001 - 300,000,000 shares authorized as of both September 30, 2025 and December 31, 2024; 43,