AIP - Arteris, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$36.50
DETAILS
HIGH:
$38.00
LOW:
$35.00
MEDIAN:
$36.50
CONSENSUS:
$36.50
UPSIDE:
0.61%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 70.6 | 57.7 | 53.7 | 50.4 | 37.9 | 31.8 | 31.5 |
| Cost of Revenue | 6.9 | 6.0 | 5.1 | 4.3 | 3.7 | 1.5 | 1.9 |
| Gross Profit | 63.7 | 51.8 | 48.6 | 46.1 | 34.1 | 30.3 | 29.6 |
| Operating Expenses | |||||||
| R&D Expenses | 49.9 | 45.0 | 45.1 | 41.2 | 30.8 | 17.0 | 10.1 |
| SG&A Expenses | 46.9 | 38.4 | 38.6 | 33.8 | 25.1 | 17.1 | 12.3 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 96.8 | 83.4 | 83.7 | 75.0 | 55.9 | 34.1 | 22.4 |
| Operating Income | |||||||
| Operating Income | (33.1) | (31.6) | (35.1) | (28.9) | (21.8) | (3.8) | 7.3 |
| Interest Expense | 0.2 | 0.2 | 0.2 | 0.1 | 0.6 | 0.1 | 0.3 |
| Interest Income | 0 | 0 | 0 | 1.4 | 0 | 0 | 0 |
| Profitability | |||||||
| EBITDA | (29.8) | (24.8) | (28.5) | (25.3) | (20.3) | (1.2) | 8.0 |
| EBIT | (33.1) | (28.2) | (31.6) | (27.4) | (21.8) | (2.2) | 7.3 |
| Income Before Tax | (33.3) | (31.1) | (35.2) | (27.8) | (22.3) | (2.2) | 7.0 |
| Income Tax Expense | 1.5 | 2.5 | 1.7 | (0.4) | 1.0 | 1.0 | 1.1 |
| Net Income | (34.7) | (33.6) | (36.9) | (27.4) | (23.4) | (3.3) | 5.8 |
| Per Share Data | |||||||
| EPS (Basic) | -0.82 | -0.86 | -1.03 | -0.84 | -1.06 | -0.10 | 0.21 |
| EPS (Diluted) | -0.82 | -0.86 | -1.03 | -0.84 | -1.06 | -0.10 | 0.21 |
| Shares Outstanding | 42.3 | 38.9 | 35.7 | 32.6 | 22.0 | 31.5 | 22.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 33.9 | 13.7 | 13.7 | 37.4 | 85.8 | 11.7 | 13.9 |
| Short-Term Investments | 20.7 | 30.2 | 27.5 | 30.7 | 0 | 0 | 0 |
| Net Receivables | 19.2 | 20.8 | 12.6 | 7.9 | 17.3 | 14.9 | 7.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 8.6 | 4.5 | 2.2 | 2.4 | 1.2 | 2.3 | 1.7 |
| Total Current Assets | 82.4 | 69.1 | 58.4 | 81.1 | 106.6 | 29.0 | 22.8 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 7.8 | 7.9 | 10.0 | 5.5 | 5.2 | 5.1 | 2.9 |
| Goodwill | 4.2 | 4.2 | 4.2 | 4.2 | 2.7 | 2.7 | 0 |
| Intangible Assets | 2.2 | 3.0 | 3.9 | 4.6 | 3.0 | 3.4 | 0 |
| Long-Term Investments | 4.9 | 14.6 | 20.3 | 16.3 | 0 | 0 | 0 |
| Other Non-Current Assets | 13.6 | 7.4 | 6.0 | 3.8 | 3.0 | 2.6 | 1.1 |
| Total Non-Current Assets | 32.6 | 37.1 | 44.4 | 34.4 | 13.8 | 13.8 | 4.0 |
| Total Assets | 115.0 | 106.1 | 102.8 | 115.5 | 120.4 | 42.7 | 26.8 |
| Current Liabilities | |||||||
| Account Payables | 0.3 | 0.5 | 0.2 | 0.6 | 1.7 | 1.1 | 0.7 |
| Short-Term Debt | 2.4 | 2.4 | 2.1 | 1.3 | 0.8 | 1.2 | 1.0 |
| Deferred Revenue | 51.4 | 41.6 | 32.7 | 31.7 | 30.1 | 0 | 0 |
| Other Current Liabilities | 19.1 | 4.7 | 0.3 | 0 | 0 | 19.0 | 14.3 |
| Total Current Liabilities | 73.2 | 59.3 | 46.4 | 43.7 | 42.5 | 28.2 | 19.2 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 3.6 | 0.6 | 1.3 | 0.4 | 0.3 | 0.7 | 0.8 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | (0.6) | 1.6 | 2.4 | 1.0 | 2.2 | 18 | 9.0 |
| Total Non-Current Liabilities | 56.5 | 48.0 | 41.3 | 34.3 | 25.0 | 20.8 | 11.3 |
| Total Liabilities | 129.7 | 107.3 | 87.7 | 78.0 | 67.5 | 49.0 | 30.5 |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (171.6) | (136.9) | (103.2) | (66.4) | (39.0) | (15.6) | (12.3) |
| Accumulated Other Comprehensive Income | 0.2 | 0.1 | 0.1 | 0.1 | (0.1) | (0.0) | (0.0) |
| Total Stockholders' Equity | (14.6) | (1.2) | 15.1 | 37.5 | 52.9 | (6.3) | (3.7) |
| Total Liabilities & Equity | 115.0 | 106.1 | 102.8 | 115.5 | 120.4 | 42.7 | 26.8 |
| Debt Metrics | |||||||
| Total Debt | 9.1 | 6.0 | 7.8 | 3.6 | 3.9 | 4.8 | 3.8 |
| Net Debt | (24.8) | (7.7) | (5.9) | (33.8) | (81.9) | (7.0) | (10.1) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (8.5) | (33.6) | (36.9) | (27.4) | (23.4) | (3.3) | 5.8 |
| Depreciation & Amortization | 3.4 | 3.4 | 3.1 | 2.1 | 1.5 | 0.9 | 0.8 |
| Stock-Based Compensation | 18.4 | 15.9 | 14.5 | 11.7 | 5.5 | 0.5 | 0.3 |
| Change in Working Capital | 17.9 | 12.6 | 1.9 | 7.6 | 15.5 | 5.1 | 5.3 |
| Other Non-Cash Items | (24.4) | 1.0 | 1.6 | (0.3) | (0.0) | (1.0) | 0.0 |
| Operating Cash Flow | 6.7 | (0.7) | (15.7) | (6.8) | (0.8) | 2.2 | 12.2 |
| Investing Activities | |||||||
| Capital Expenditure | (1.4) | (0.3) | (1.5) | (1.1) | (0.8) | (0.7) | (0.2) |
| Acquisitions | 0 | 0 | 0 | (1.6) | (0.5) | (4.5) | 0 |
| Purchases of Investments | (29.5) | (37.2) | (47.8) | (35.0) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 42.9 | 38.5 | 44.6 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | (0.1) | 0.2 | (0.1) | 0.0 | 0 |
| Investing Cash Flow | 12.0 | 1.0 | (4.7) | (37.5) | (1.4) | (5.1) | (0.2) |
| Financing Activities | |||||||
| Net Debt Issuance | (1.5) | (1.7) | (1.3) | (1.1) | (1.1) | 0.6 | (1.1) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 1.1 | 0.6 | (1.6) | (3.0) | 0 | 0.2 | 0.2 |
| Financing Cash Flow | 1.4 | (0.3) | (2.9) | (4.2) | 76.3 | 0.8 | (0.9) |
| Cash Position | |||||||
| Net Change in Cash | 20.2 | (0.0) | (23.3) | (48.4) | 74.1 | (2.2) | 11.0 |
| Cash at Beginning | 14.1 | 14.1 | 37.4 | 85.8 | 11.7 | 13.9 | 2.9 |
| Cash at End | 34.2 | 14.1 | 14.1 | 37.4 | 85.8 | 11.7 | 13.9 |
| Free Cash Flow | 5.3 | (1.0) | (17.2) | (7.8) | (1.6) | 1.5 | 12.0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 70.6 | 57.7 | 53.7 | 50.4 | 37.9 | 31.8 | 31.5 |
| Gross Profit | 63.7 | 51.8 | 48.6 | 46.1 | 34.1 | 30.3 | 29.6 |
| Operating Income | (33.1) | (31.6) | (35.1) | (28.9) | (21.8) | (3.8) | 7.3 |
| Net Income | (34.7) | (33.6) | (36.9) | (27.4) | (23.4) | (3.3) | 5.8 |
| EPS (Diluted) | -0.82 | -0.86 | -1.03 | -0.84 | -1.06 | -0.10 | 0.21 |
| Balance Sheet | |||||||
| Cash & Equivalents | 33.9 | 13.7 | 13.7 | 37.4 | 85.8 | 11.7 | 13.9 |
| Total Assets | 115.0 | 106.1 | 102.8 | 115.5 | 120.4 | 42.7 | 26.8 |
| Total Debt | 9.1 | 6.0 | 7.8 | 3.6 | 3.9 | 4.8 | 3.8 |
| Stockholders' Equity | (14.6) | (1.2) | 15.1 | 37.5 | 52.9 | (6.3) | (3.7) |
| Cash Flow | |||||||
| Operating Cash Flow | 6.7 | (0.7) | (15.7) | (6.8) | (0.8) | 2.2 | 12.2 |
| Capital Expenditure | (1.4) | (0.3) | (1.5) | (1.1) | (0.8) | (0.7) | (0.2) |
| Free Cash Flow | 5.3 | (1.0) | (17.2) | (7.8) | (1.6) | 1.5 | 12.0 |