Company: AIP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048977
Chunk: 360

Company: Arteris, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 360
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,669)(22,117)Loss from equity method investment, net of tax484 580 2,079 2,064 Provision for (benefit from) income taxes380 (92)1,494 1,253 Net loss$(8,991)$(7,687)$(26,242)$(25,434)

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

Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024(in thousands)Cost of revenue$228 $221 $665 $596 Research and development2,095 2,154 5,994 5,550 Sales and marketing1,335 850 3,352 2,230 General and administrative1,298 1,165 3,754 3,431 Total stock-based compensation$4,956 $4,390 $13,765 $11,807 

27

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

Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024(as a percentage of total revenue)Total revenue100 %100 %100 %100 %Cost of revenue10 10 10 10 Gross profit90 90 90 90 Operating expenses:Research and development73 81 73 79 Sales and marketing39 34 39 37 General and administrative28 29 27 32 Total operating expenses140 144 139 148 Loss from operations(50)(54)(49)(58)Interest expense— — — — Other income (expense), net4 5 4 6 Loss before income taxes and loss from equity method investment(46)(49)(45)(52)Loss from equity method investment, net of tax3 4 4 5 Provision for (benefit from) income taxes2 (1)3 3 Net loss(51)%(52)%(52)%(60)%

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

Revenue

Three Months Ended September 30,Change20252024$%(dollars in thousands)Licensing, support and maintenance$15,896 $13,507 $2,389 18 %Variable royalties1,505 1,176