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Arteris, Inc. (AIP) 10-Year Financial Performance & Capital Metrics

AIP • • Industrial / General
TechnologySemiconductorsSemiconductor Design & IPConnectivity & Interface IP
AboutArteris, Inc. provides semiconductor interconnect intellectual property (IP) and IP deployment solutions in the Americas, the Asia Pacific, Europe, and the Middle East. The company develops, licenses, and supports the on-chip interconnect fabric technology used in System-on-Chip (Soc) designs and Network-on-Chip (NoC) interconnect IP. Its products include FlexNoC, a silicon-proven interconnect IP product; FlexNoC Resilience Package, which provides on-chip data protection; Ncore, a silicon-proven and cache coherent interconnect IP product that provides scalable, configurable, and area efficient characteristics; CodaCache, a last-level cache semiconductor IP product; and Physical interconnect aware NoC optimizer, a software tool that estimates physical layout effects during the architecture and logic development stages of an SoC interconnect design; The company also offers FlexWay for IP subsystem interconnect; FlexPSI for All-digital inter chip link; and FlexNoC Physical for linking physical placement and routing tools. In addition, it provides IP deployment software solutions, including specification, design, documentation, artificial intelligence (AI) package, design data intelligence, and harmony trace. The company serves customers in the automotive, AI/machine learning, 5G and wireless communications, data centers, consumer electronics, and other markets. Arteris, Inc. was founded in 2003 and is headquartered in Campbell, California.Show more
  • Revenue $58M +7.6%
  • EBITDA -$28M +12.0%
  • Net Income -$34M +8.8%
  • EPS (Diluted) -0.86 +16.5%
  • Gross Margin 89.67% -1.0%
  • EBITDA Margin -48.91% +18.2%
  • Operating Margin -54.74% +16.4%
  • Net Margin -58.27% +15.2%
  • ROE -483.48% -245.1%
  • ROIC -16987.1% -4054.5%
  • Debt/Equity -
  • Interest Coverage -129.49 +22.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 92 (top 8%)
  • ✓Strong 5Y sales CAGR of 12.9%

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y12.88%
3Y15.09%
TTM20.45%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM4.25%

EPS CAGR

10Y-
5Y-
3Y-
TTM13.54%

ROCE

10Y Avg-23.36%
5Y Avg-47.15%
3Y Avg-51.51%
Latest-61.2%

Peer Comparison

Connectivity & Interface IP
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Growth
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
XPERXperi Inc.286.82M6.19-19.97-5.3%1.53%1.68%0.20
AIPArteris, Inc.758.79M17.37-20.207.56%-52.25%-483.48%
CEVACEVA, Inc.602.5M22.30-60.279.77%-10.49%-4.2%0.09%0.02

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+31.5M31.81M37.86M50.38M53.67M57.72M
Revenue Growth %-0.01%0.19%0.33%0.07%0.08%
Cost of Goods Sold+1.86M1.49M3.73M4.28M5.08M5.96M
COGS % of Revenue0.06%0.05%0.1%0.08%0.09%0.1%
Gross Profit+29.64M30.32M34.13M46.1M48.59M51.76M
Gross Margin %0.94%0.95%0.9%0.92%0.91%0.9%
Gross Profit Growth %-0.02%0.13%0.35%0.05%0.07%
Operating Expenses+22.37M34.1M55.9M74.95M83.73M83.36M
OpEx % of Revenue0.71%1.07%1.48%1.49%1.56%1.44%
Selling, General & Admin12.31M17.08M25.09M33.79M38.6M38.35M
SG&A % of Revenue0.39%0.54%0.66%0.67%0.72%0.66%
Research & Development10.05M17.02M30.81M41.17M45.13M45.01M
R&D % of Revenue0.32%0.54%0.81%0.82%0.84%0.78%
Other Operating Expenses000000
Operating Income+7.27M-3.78M-21.77M-28.86M-35.14M-31.6M
Operating Margin %0.23%-0.12%-0.57%-0.57%-0.65%-0.55%
Operating Income Growth %--1.52%-4.76%-0.33%-0.22%0.1%
EBITDA+8.03M-2.84M-20.27M-26.76M-32.07M-28.23M
EBITDA Margin %0.25%-0.09%-0.54%-0.53%-0.6%-0.49%
EBITDA Growth %--1.35%-6.14%-0.32%-0.2%0.12%
D&A (Non-Cash Add-back)756K936K1.49M2.1M3.07M3.36M
EBIT7.27M-2.18M-21.77M-27.43M-31.58M-28.2M
Net Interest Income+-290K-50K-579K1.34M-211K-244K
Interest Income0001.43M00
Interest Expense290K50K579K89K211K244K
Other Income/Expense-290K1.54M-579K1.05M-50K458K
Pretax Income+6.98M-2.23M-22.34M-27.8M-35.19M-31.14M
Pretax Margin %0.22%-0.07%-0.59%-0.55%-0.66%-0.54%
Income Tax+1.14M1.03M1.04M-417K1.68M2.5M
Effective Tax Rate %0.84%1.46%1.05%0.99%1.05%1.08%
Net Income+5.84M-3.26M-23.38M-27.39M-36.87M-33.64M
Net Margin %0.19%-0.1%-0.62%-0.54%-0.69%-0.58%
Net Income Growth %--1.56%-6.17%-0.17%-0.35%0.09%
Net Income (Continuing)5.84M-3.26M-23.38M-27.39M-36.87M-33.64M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+0.21-0.10-1.06-0.84-1.03-0.86
EPS Growth %--1.48%-9.6%0.21%-0.23%0.17%
EPS (Basic)0.21-0.10-1.06-0.84-1.03-0.86
Diluted Shares Outstanding22.05M31.53M21.97M32.58M35.68M38.91M
Basic Shares Outstanding22.05M31.53M21.97M32.58M35.68M38.91M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+22.8M28.95M106.65M81.11M58.43M69.08M
Cash & Short-Term Investments13.94M11.74M85.83M68.15M41.17M43.84M
Cash Only13.94M11.74M85.83M37.42M13.7M13.68M
Short-Term Investments00030.73M27.48M30.16M
Accounts Receivable7.06M14.9M17.34M7.93M12.63M20.77M
Days Sales Outstanding81.78170.97167.1157.4385.87131.36
Inventory000000
Days Inventory Outstanding------
Other Current Assets1.72M2.31M1.2M2.4M2.22M4.47M
Total Non-Current Assets+4.02M13.78M13.8M34.4M44.37M37.05M
Property, Plant & Equipment2.92M5.12M5.2M5.5M10.03M7.86M
Fixed Asset Turnover10.77x6.22x7.28x9.16x5.35x7.35x
Goodwill02.68M2.68M4.22M4.18M4.18M
Intangible Assets03.41M2.96M4.58M3.86M3.02M
Long-Term Investments00016.32M20.3M14.6M
Other Non-Current Assets1.1M2.58M2.96M3.79M6M7.4M
Total Assets+26.82M42.74M120.44M115.52M102.8M106.14M
Asset Turnover1.17x0.74x0.31x0.44x0.52x0.54x
Asset Growth %-0.59%1.82%-0.04%-0.11%0.03%
Total Current Liabilities+19.22M28.23M42.49M43.67M46.4M59.28M
Accounts Payable702K1.12M1.72M572K183K539K
Days Payables Outstanding137.61273.2168.4648.7713.1633
Short-Term Debt1.01M1.2M833K1.26M2.07M2.4M
Deferred Revenue (Current)001000K1000K1000K1000K
Other Current Liabilities14.34M18.97M00333K4.68M
Current Ratio1.19x1.03x2.51x1.86x1.26x1.17x
Quick Ratio1.19x1.03x2.51x1.86x1.26x1.17x
Cash Conversion Cycle------
Total Non-Current Liabilities+11.32M20.81M25.05M34.31M41.3M48.04M
Long-Term Debt838K727K266K448K1.29M594K
Capital Lease Obligations1.52M2.08M1.85M1.01M3.61M3M
Deferred Tax Liabilities000000
Other Non-Current Liabilities8.97M18M2.16M1.02M2.41M1.64M
Total Liabilities30.54M49.03M67.54M77.98M87.7M107.32M
Total Debt+3.85M4.77M3.91M3.62M7.75M5.99M
Net Debt-10.09M-6.97M-81.91M-33.8M-5.94M-7.69M
Debt / Equity--0.07x0.10x0.51x-
Debt / EBITDA0.48x-----
Net Debt / EBITDA-1.26x-----
Interest Coverage25.08x-75.54x-37.59x-324.22x-166.55x-129.49x
Total Equity+-3.72M-6.3M52.9M37.53M15.1M-1.19M
Equity Growth %--0.69%9.4%-0.29%-0.6%-1.08%
Book Value per Share-0.17-0.202.411.150.42-0.03
Total Shareholders' Equity-3.72M-6.3M52.9M37.53M15.1M-1.19M
Common Stock17K18K31K34K37K40K
Retained Earnings-12.35M-15.61M-38.99M-66.38M-103.25M-136.88M
Treasury Stock000000
Accumulated OCI-18K-31K-81K101K120K135K
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+12.2M2.16M-814K-6.77M-15.73M-720K
Operating CF Margin %0.39%0.07%-0.02%-0.13%-0.29%-0.01%
Operating CF Growth %--0.82%-1.38%-7.31%-1.32%0.95%
Net Income5.84M-3.26M-23.38M-27.39M-36.87M-33.64M
Depreciation & Amortization756K935K1.49M2.1M3.07M3.36M
Stock-Based Compensation277K458K5.51M11.69M14.54M15.94M
Deferred Taxes37K099K-484K00
Other Non-Cash Items22K-1.03M-11K-304K1.59M975K
Working Capital Changes5.27M5.06M15.48M7.62M1.95M12.64M
Change in Receivables2.67M-6.32M477K7.1M-4.86M-8.61M
Change in Inventory404K0-1.61M000
Change in Payables135K414K350K-1.03M-389K324K
Cash from Investing+-242K-5.15M-1.36M-37.48M-4.69M970K
Capital Expenditures-242K-654K-808K-1.05M-1.5M-324K
CapEx % of Revenue0.01%0.02%0.02%0.02%0.03%0.01%
Acquisitions------
Investments------
Other Investing07K-51K241K-50K0
Cash from Financing+-914K790K76.25M-4.15M-2.92M-262K
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing177K228K0-3.02M-1.63M597K
Net Change in Cash------
Free Cash Flow+11.96M1.51M-1.62M-7.82M-17.23M-1.04M
FCF Margin %0.38%0.05%-0.04%-0.16%-0.32%-0.02%
FCF Growth %--0.87%-2.07%-3.82%-1.2%0.94%
FCF per Share0.540.05-0.07-0.24-0.48-0.03
FCF Conversion (FCF/Net Income)2.09x-0.66x0.03x0.25x0.43x0.02x
Interest Paid73K65K19K000
Taxes Paid1.94M1.53M489K790K1.29M1.55M

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)---100.34%-60.56%-140.09%-483.48%
Return on Invested Capital (ROIC)----579.9%-408.88%-16987.1%
Gross Margin94.09%95.31%90.15%91.5%90.54%89.67%
Net Margin18.54%-10.25%-61.76%-54.36%-68.7%-58.27%
Debt / Equity--0.07x0.10x0.51x-
Interest Coverage25.08x-75.54x-37.59x-324.22x-166.55x-129.49x
FCF Conversion2.09x-0.66x0.03x0.25x0.43x0.02x
Revenue Growth-0.99%19.02%33.05%6.53%7.56%

Revenue by Segment

2021202220232024
License and Maintenance34.73M46.01M48.27M52.81M
License and Maintenance Growth-32.48%4.91%9.41%
Royalty2.65M3.14M5.16M4.41M
Royalty Growth-18.62%64.27%-14.60%
Service, Other486K1.23M235K504K
Service, Other Growth-152.26%-80.83%114.47%

Revenue by Geography

2021202220232024
Asia Pacific16.75M23.13M27.98M27.81M
Asia Pacific Growth-38.12%20.94%-0.60%
Americas16.43M20.7M19.24M22.7M
Americas Growth-25.95%-7.05%17.99%
UNITED STATES16.31M20.49M18.54M21.74M
UNITED STATES Growth-25.61%-9.50%17.25%
CHINA10.26M14.52M16.7M16.87M
CHINA Growth-41.58%14.97%1.06%
Europe And Middle East4.68M6.55M6.45M7.22M
Europe And Middle East Growth-39.82%-1.45%11.87%
KOREA, REPUBLIC OF--6.43M5.63M
KOREA, REPUBLIC OF Growth----12.47%
Other Asia6.49M8.61M4.85M5.31M
Other Asia Growth-32.66%-43.67%9.42%
Other Americas122K208K694K955K
Other Americas Growth-70.49%233.65%37.61%

Frequently Asked Questions

Growth & Financials

Arteris, Inc. (AIP) reported $65.9M in revenue for fiscal year 2024. This represents a 109% increase from $31.5M in 2019.

Arteris, Inc. (AIP) grew revenue by 7.6% over the past year. This is steady growth.

Arteris, Inc. (AIP) reported a net loss of $34.4M for fiscal year 2024.

Dividend & Returns

Arteris, Inc. (AIP) has a return on equity (ROE) of -483.5%. Negative ROE indicates the company is unprofitable.

Arteris, Inc. (AIP) had negative free cash flow of $0.4M in fiscal year 2024, likely due to heavy capital investments.

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