Company: AIP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048977
Chunk: 12

Company: Arteris, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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.1 million as of September 30, 2025 and December 31, 2024, respectively. The Company’s vendor financing arrangements are classified within Level 2 because these borrowings are not actively traded and have a variable interest rate structure based upon the Company’s incremental borrowing rate. The estimated fair values of these financial instruments approximate their carrying values.

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Financial Instruments Recorded at Fair Value on a Recurring BasisThe following tables summarize the Company’s financial assets measured at fair value on a recurring basis by level within the fair value hierarchy (in thousands):As ofSeptember 30, 2025Level 1Level 2Level 3Fair ValueAssets:Cash equivalents:Money market funds$3,389 $— $— $3,389 Commercial paper— 999 — 999 Total cash equivalents3,389 999 — 4,388 Short-term investments:Corporate bonds— 9,116 — 9,116 U.S. government agency securities— 7,446 — 7,446 U.S. treasury securities— 5,004 — 5,004 Total short-term investments— 21,566 — 21,566 Long-term investments:Corporate bonds— 16,237 — 16,237 U.S. government agency securities— 1,000 — 1,000 Total long-term investments— 17,237 — 17,237 Total financial assets$3,389 $39,802 $— $43,191 As ofDecember 31, 2024Level 1Level 2Level 3Fair ValueAssets:Cash equivalents:Money market funds$10,410 $— $— $10,410 Total cash equivalents10,410 — — 10,410 Short-term investments:Corporate bonds— 5,542 — 5,542 U.S. government agency securities— 14,850 — 14,850 U.S. treasury securities— 9,765 — 9,765 Total short-term investments— 30,157 — 30,157 Long-term investments:Corporate bonds— 2,620 — 2,620 U.S. treasury securities— 1,988 — 1,988 U.S. government agency securities— 3,896 — 3,896 Total long-term investments— 8