Company: AIP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048977
Chunk: 13

Company: Arteris, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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,504 — 8,504 Total financial assets$10,410 $38,661 $— $49,071 Money market funds are highly liquid investments and are actively traded. The fair value is based on quoted prices for identical assets in active markets and therefore classified as Level 1 of the fair value hierarchy. The Company’s other investments are considered Level 2 financial instruments as their fair values are determined using inputs that are directly or indirectly observable in active or less active markets. There were no transfers between levels during the periods presented.

14

7.    INTANGIBLE ASSETS AND GOODWILL

Intangible assets, netIntangible assets, net consisted of the following as of September 30, 2025 (in thousands):Gross Fair ValueAccumulated AmortizationNet Book ValueDeveloped technology$3,590 $(2,314)$1,276 Customer relationships1,830 (916)914 Trade name and other200 (29)171 Total intangibles$5,620 $(3,259)$2,361 Intangible assets, net consisted of the following as of December 31, 2024 (in thousands):Gross Fair ValueAccumulated AmortizationNet Book ValueDeveloped technology$3,590 $(1,835)$1,755 Customer relationships1,830 (744)1,086 Trade name and other200 (17)183 Total intangibles$5,620 $(2,596)$3,024 Amortization expense of intangible assets was $0.3 million and $0.2 million for the three months ended September 30, 2025 and 2024, respectively, and $0.7 million and $0.6 million for the nine months ended September 30, 2025 and 2024, respectively.The expected future amortization expense of these intangible assets as of September 30, 2025 is as follows (in thousands):Fiscal year ending December 31,AmountRemainder of 2025$193 2026544 2027527 2028516 2029340 Thereafter91 Total future amortization expense$2,211 GoodwillAs of both September 30, 2025 and December 31, 2024, goodwill was $4.2 million. No goodwill impairments were recorded during the three and nine months ended September 30,