Company: AIP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048977
Chunk: 275

Company: Arteris, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 275
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 the three months ended September 30, 2024. The increase in cost of revenue during the three months ended September 30, 2025 was primarily due to higher employee-related expenses, mainly driven by increased headcount of our application engineers.

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Operating expenses

Three Months Ended September 30,Change20252024$%(dollars in thousands)Research and development$12,648 $11,923 $725 6 %Sales and marketing6,850 4,962 1,888 38 %General and administrative4,858 4,286 572 13 %Total operating expenses$24,356 $21,171 $3,185 15 %

Research and development expenses

R&D expenses increased by $0.7 million, or 6%, to $12.6 million for the three months ended September 30, 2025 from $11.9 million for the three months ended September 30, 2024. The increase in R&D expenses was due to higher employee-related costs of $0.5 million mainly driven by increased headcount to support growth of our business and higher stock-based compensation expense.

Sales and marketing expenses

S&M expenses increased by $1.9 million, or 38%, to $6.9 million for the three months ended September 30, 2025 from $5.0 million for the three months ended September 30, 2024. The increase in S&M expenses was primarily due to higher employee-related costs of $1.5 million mainly driven by increased headcount to support growth of our business and higher stock-based compensation expense.

General and administrative expenses

G&A expenses increased by $0.6 million, or 13%, to $4.9 million for the three months ended September 30, 2025 from $4.3 million for the three months ended September 30, 2024. The increase in G&A expenses was primarily due to higher employee-related costs of $0.3 million mainly driven by increased headcount to support growth of our business, including stock-based compensation expense and higher professional fees of $0.1 million.

Interest expense

Three Months Ended September 30,Change20252024$%(dollars in thousands)Interest expense$(49)$(55)$6 (11)%

Interest expense remained relatively flat for the three months ended September 30, 2025 compared to the three months ended September 30, 2024.

Other income