Company: AIP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001667011-25-000029
Chunk: 283

Company: Arteris, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 283
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 contracts.

For the six months ended June 30, 2025, net cash provided by operating activities was $0.4 million, primarily due to our net loss of $17.3 million, adjusted for non-cash charges of $11.7 million and $6.0 million changes in operating assets and liabilities. Non-cash charges primarily consisted of stock-based compensation of $8.8 million, depreciation and amortization of $1.7 million, and loss from our equity method investment of $1.6 million, partially offset by amortization of deferred income of $0.6 million and net accretion of discounts on available-for-sale securities of $0.2 million. The drivers of the changes in operating assets and liabilities were a $6.3 million increase in deferred revenue, a $1.9 million decrease in accounts receivable, and a $0.3 million increase in accounts payable, partially offset by a $2.3 million increase in prepaid expense and other assets and a $0.3 million decrease in accrued expenses and other liabilities.

34

For the six months ended June 30, 2024, net cash provided by operating activities was $0.8 million, primarily due to our net loss of $17.7 million, adjusted for non-cash charges of $9.6 million and $8.9 million changes in operating assets and liabilities. Non-cash charges primarily consisted of stock-based compensation of $7.4 million, depreciation and amortization of $1.6 million and loss from our equity method investment of $1.5 million, partially offset by amortization of deferred income of $0.6 million and net accretion of discounts on available-for-sale securities of $0.3 million. The drivers of the changes in operating assets and liabilities were a $4.7 million increase in deferred revenue, a $3.1 million decrease in accounts receivable, a $0.9 million decrease in prepaid expense and other assets, a $0.2 million increase in accounts payable and a $0.1 million increase in accrued expenses and other liabilities.

Investing Activities

Net cash provided by investing activities for the six months ended June 30, 2025 was $0.6 million, primarily attributable to proceeds from maturities of available-for-sale securities, partially offset by purchases of available-for-sale securities and property and equipment.

Net cash provided by investing activities for the six months ended June 30, 2024 was $7.5 million