Arteris, Inc., together with its subsidiaries, provides semiconductor system intellectual property (IP) solutions in the United States, rest of the Americas, China, Korea, the rest of the Asia Pacific, Europe, and the Middle East. It manages on-chip communications and IP block deployments in System-on-Chip (SoC) semiconductors and systems of chiplets. The company offers Network-on-Chip (NoC) IP Products, such as FlexGen, FlexNoC, and FlexWay, a non-coherent NoC IP; Ncore, a cache-coherent NoC IP; and CodaCache, a last-level cache. It also provides hardware security verification software products, such as Cycuity Radix-S to detect and remediate security issues in IP blocks and subsystems of an SoC; Cycuity Radix-M for hardware security verification emulation for system-level SoC and firmware; and Cycuity Radix-ST, a static security analyzer that identifies potential design weaknesses early in the development lifecycle, as well as SoC integration automation software solutions products, including Magillem Connectivity and Registers, and CSRCompiler. In addition, the company offers professional services, such as training, design assistance, and consulting; licensing services for software and intellectual properties; IP support and maintenance; and on-site support services. It serves the automotive, communications, enterprise computing, consumer electronics, and industrial markets. Arteris, Inc. was founded in 2003 and is headquartered in Campbell, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $71M | $-27M | $-35M | $5M | 237.5% | 22.3% | - |
| 2024 | $58M | $-25M | $-34M | $-1M | 2831.5% | 7.6% | - |
| 2023 | $54M | $-29M | $-37M | $-17M | -244.1% | 6.5% | - |
| 2022 | $50M | $-25M | $-27M | $-8M | -73.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 50.38 | 53.67 | 57.72 | 70.58 |
| Cost Of Revenue | 4.28 | 5.08 | 5.96 | 6.89 |
| Gross Profit | 46.10 | 48.59 | 51.76 | 63.68 |
| Operating Expense | 74.95 | 83.73 | 83.36 | 96.82 |
| Operating Income | -28.86 | -35.14 | -31.60 | -33.14 |
| EBITDA | -25.33 | -28.52 | -24.83 | -26.89 |
| EBIT | -27.43 | -31.58 | -28.20 | -30.27 |
| Pretax Income | -27.52 | -31.80 | -28.44 | -30.46 |
| Tax Provision | -0.42 | 1.68 | 2.50 | 1.48 |
| Net Income | -27.39 | -36.87 | -33.64 | -34.75 |
| Net Income Common Stockholders | -27.39 | -36.87 | -33.64 | -34.75 |
| Total Expenses | 79.23 | 88.81 | 89.32 | 103.72 |
| Interest Expense | 0.09 | 0.21 | 0.24 | 0.19 |
| Interest Income | 1.43 | 0 | 0 | 0 |
| Research And Development | 41.17 | 45.13 | 45.01 | 49.91 |
| Selling General And Administration | 33.79 | 38.60 | 38.35 | 46.91 |
| Normalized EBITDA | -25.33 | -28.52 | -24.83 | -26.89 |
| Normalized Income | -27.39 | -36.87 | -33.64 | -34.75 |
| Basic EPS | -0.84 | -1.03 | -0.86 | -0.82 |
| Diluted EPS | -0.84 | -1.03 | -0.86 | -0.82 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.02 | 0.21 | 0.21 | 0.21 |
| Total Unusual Items | 0 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | -27.39 | -36.87 | -33.64 | -34.75 |
| Reconciled Depreciation | 2.10 | 3.07 | 3.36 | 3.38 |
| Reconciled Cost Of Revenue | 4.28 | 5.08 | 5.96 | 6.89 |
| Net Interest Income | -0.09 | -0.21 | -0.24 | -0.19 |
| Net Income From Continuing And Discontinued Operation | -27.39 | -36.87 | -33.64 | -34.75 |
| Total Operating Income As Reported | -28.86 | -35.14 | -31.60 | -33.14 |
| Diluted Average Shares | 32.58 | 35.68 | 38.91 | 42.29 |
| Basic Average Shares | 32.58 | 35.68 | 38.91 | 42.29 |
| Diluted NI Availto Com Stockholders | -27.39 | -36.87 | -33.64 | -34.75 |
| Net Income Including Noncontrolling Interests | -27.39 | -36.87 | -33.64 | -34.75 |
| Net Income Continuous Operations | -27.39 | -36.87 | -33.64 | -34.75 |
| Earnings From Equity Interest Net Of Tax | -0.28 | -3.40 | -2.70 | -2.81 |
| Other Income Expense | 1.43 | 3.56 | 3.40 | 2.87 |
| Other Non Operating Income Expenses | 1.43 | 3.56 | 3.40 | 2.87 |
| Special Income Charges | 0 | 0 | 0 | 0 |
| Other Special Charges | 0 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -0.09 | -0.21 | -0.24 | -0.19 |
| Interest Expense Non Operating | 0.09 | 0.21 | 0.24 | 0.19 |
| Interest Income Non Operating | 1.43 | 0 | 0 | 0 |
| Selling And Marketing Expense | 17.42 | 20.66 | 20.80 | 26.78 |
| General And Administrative Expense | 16.37 | 17.94 | 17.55 | 20.13 |
| Other Gand A | 16.37 | 17.94 | 17.55 | 20.13 |
| Operating Revenue | 49.15 | 53.43 | 57.22 | 70.45 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Arteris, Inc.this co. | AIP | $1.2B | - | -81.66 | 237.5% | -39.66 |
| VIA | VIA | $1.3B | - | 1.99 | -15.4% | -13.23 |
| Five9, Inc. | FIVN | $1.3B | 37.89 | 1.67 | 5.0% | 13.22 |
| Innodata Inc. | INOD | $1.3B | 43.42 | 12.06 | 30.1% | 28.64 |
| C3.ai, Inc. | AI | $1.3B | - | 1.78 | -34.4% |
| -1.60 |
| Sprinklr, Inc. | CXM | $1.3B | 54.54 | 2.11 | 3.9% | 14.89 |
| Allient Inc. | ALNT | $1.3B | 56.00 | 4.15 | - | 19.25 |
| Shoals Technologies Group, Inc. | SHLS | $1.2B | 36.70 | 2.05 | 5.6% | 15.82 |
| Progress Software Corporation | PRGS | $1.2B | 15.67 | 2.40 | 15.3% | 8.16 |
| Peer Median | - | 40.66 | 2.08 | 5.0% | 14.05 | |