Company: AIP
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001667011-25-000010
Chunk: 131

Company: Arteris, Inc.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 131
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 control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ DELOITTE & TOUCHE LLP

San Jose, California

February 18, 2025

We have served as the Company's auditor since 2023.

75

Arteris, Inc.

Consolidated Balance Sheets

(In thousands, except share and per share data)

As of December 31,20242023ASSETSCurrent assets:Cash and cash equivalents$13,684 $13,696 Short-term investments (Note 5)30,157 27,477 Accounts receivable, net of allowance of $131 and $93 as of December 31, 2024, and 2023, respectively20,608 12,003 Prepaid expenses and other current assets4,634 5,254 Total current assets69,083 58,430 Property and equipment, net4,019 5,745 Long-term investments (Note 5)8,504 11,802 Equity method investment5,802 8,500 Operating lease right-of-use assets3,838 4,289 Intangibles, net3,024 3,858 Goodwill4,178 4,178 Other assets7,687 5,999 TOTAL ASSETS$106,135 $102,801 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$539 $183 Accrued expenses and other current liabilities15,899 11,831 Operating lease liabilities, current917 781 Deferred revenue, current40,445 31,537 Vendor financing arrangements, current1,482 2,070 Total current liabilities59,282 46,402 Deferred revenue, noncurrent35,177 25,172 Operating lease liabilities, noncurrent2,998 3,610 Vendor financing arrangements, noncurrent594 1,292 Deferred income, noncurrent