Company: AIP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001667011-25-000029
Chunk: 32

Company: Arteris, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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$437 $375 Research and development1,926 1,788 3,898 3,396 Sales and marketing1,048 657 2,017 1,380 General and administrative1,291 1,129 2,457 2,266 Total stock-based compensation$4,497 $3,760 $8,809 $7,417 

28

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

Three Months EndedSix Months EndedJune 30,June 30,2025202420252024(as a percentage of total revenue)Total revenue100 %100 %100 %100 %Cost of revenue11 10 10 11 Gross profit89 90 90 89 Operating expenses:Research and development74 74 73 78 Sales and marketing38 34 39 38 General and administrative27 33 27 33 Total operating expenses139 141 139 149 Loss from operations(50)(51)(49)(60)Interest expense— — — (1)Other income (expense), net5 6 5 7 Loss before income taxes and loss from equity method investment(45)(45)(44)(54)Loss from equity method investment, net of tax5 5 5 5 Provision for income taxes5 7 3 5 Net loss(55)%(57)%(52)%(64)%

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

Revenue

Three Months Ended June 30,Change20252024$%(dollars in thousands)Licensing, support and maintenance$15,088 $13,553 $1,535 11 %Variable royalties1,402 971 431 44 %Other12 51 (39)(76)%Total$16,502 $14,575 $1,927 13 %

Revenue from licensing, support and maintenance increased by $1.5 million for the three months ended June 30, 2025, compared to the three months ended June 30, 2024. The increase in revenue from licensing, support and maintenance was primarily due to new license arrangements with existing customers, and the addition of new customers. Growth in our variable royalty revenue was primarily due to an increase in product sales of certain existing customers,