Company: AIP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048977
Chunk: 252

Company: Arteris, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 252
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 current are included in prepaid expenses and other current assets on the consolidated balance sheets.

11

As of September 30, 2025, non-cancelable contracted but unsatisfied or partially satisfied performance obligations that have not yet been recognized were $101.1 million which include deferred revenue, amounts that will be invoiced and recognized as revenues in future periods and Flexible Spending Accounts (FSA) commitments, from customers where actual product selection and quantities of specific products are to be determined by customers at a future period. The Company expects to recognize $50.1 million of this balance over the next 12 months and the remainder thereafter. FSA commitments amounted to $7.2 million and $2.3 million as of September 30, 2025 and December 31, 2024, respectively. The Company has elected to exclude the potential future royalty receipts from these amounts.Costs of Obtaining a Contract with a CustomerIncremental costs of obtaining a contract with a customer consist primarily of direct sales commissions incurred upon execution of the contract. These costs are capitalized and amortized over the license term. Total capitalized direct commission costs were as follows (in thousands):As ofSeptember 30,2025December 31,2024Short-term commission capitalized in prepaid expenses and other current assets$2,489 $2,311 Long-term commission capitalized in other assets1,970 1,789 Total$4,459 $4,100 Amortization of capitalized sales commissions was $0.9 million and $0.8 million for the three months ended September 30, 2025 and 2024, respectively, and $2.6 million for both the nine months ended September 30, 2025 and 2024, and are included in sales and marketing expense in the unaudited condensed consolidated statements of operations.

4.    NET LOSS PER SHARE

The following table presents the calculation of basic and diluted net loss per share attributable to common stockholders (in thousands, except share and per share data):Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Numerator:Net loss$(8,991)$(7,687)$(26,242)$(25,434)Denominator:Weighted-average shares outstanding, basic and diluted42,743,518 39,295,743 41,812,256 38,496,838 Net loss per share, basic and diluted$(0.21)$(0.