Arteris, Inc. · NASDAQ:AIP
Arteris — Q1 2025 Earnings Presentation
13 slides from Arteris's earnings presentation, May 13, 2025
Slide 1: 1Q 2025 Earnings Presentation
Arteris 1Q 2025 Earnings Presentation Charlie Janac Nick Hawkins CEO CFO May 13, 2025 1 © 2025 Arteris, Inc.
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying oral presentation have been prepared by Arteris, Inc. ("Arteris IP“ or “the "Company") for informational purposes only and not for any other purpose. Nothing contained in this presentation is, or should be construed as, a recommendation, promise or r
Slide 3: 1Q Business Highlights (1 of 2)
1Q Business Highlights (1 of 2) Achieved a record high $66.8 million ACV plus Royalties and generated $2.7 million in non-GAAP free cash flow, driven by adoption across enterprise, communications, and automotive customers Continued success in the top 30 global technology companies, with 4 expand
Slide 4: 1Q Business Highlights (2 of 2)
1Q Business Highlights (2 of 2) Major Automotive OEM A major Japanese automotive OEM licensed Arteris interconnect for in-house development of a new autonomous driving SoC Major Electric Vehicle OEM An existing electric vehicle OEM customer expanded its use of Arteris product for another in-house de
Slide 5: 1Q 2025 Results: Revenue, ACV + Royalties, RPO, Gross Profit
1Q 2025 Results Revenue, ACV + Royalties, RPO, Gross Profit 1Q 2024 4Q 2024 1Q 2025 Guidance 1Q 2025 Revenue $12.9M $15.5M $15.7M - $16.1M $16.5M (+28% Y/Y) ACV + $66.8M $58.2M $65.1M $65.5M - $67.5M Royalties (+15% Y/Y) RPO $74.7M $88.4M N/A $88.9M (+19% Y/Y) Non-GAAP*: $11.7M Non-GAAP*: $14.2M Non
Slide 6: 1Q 2025 Results: Operating Expenses, Operating Income
1Q 2025 Results Operating Expenses, Operating Income 1Q 2024 4Q 2024 1Q 2025 Guidance 1Q 2025 Operating Non-GAAP*: $17M Non-GAAP*: $16.9M Non-GAAP*: $18.4M N/A (+8% Y/Y) Expenses GAAP: $20.6M GAAP: $21.0M GAAP: $22.7M Operating Non-GAAP*: ($5.3M) Non-GAAP*: ($2.8M) Non-GAAP*: Non-GAAP*: ($3.2M) (+40
Slide 7: 1Q 2025 Results: Free Cash Flow, Cash
1Q 2025 Results Free Cash Flow, Cash 1Q 2024 4Q 2024 1Q 2025 Guidance 1Q 2025 Free Cash $2.7M $0.3M ($2.7M) ($2M) – $2M Flow* (+$2.4M Y/Y) Cash, Cash Equivalents & $53.4M $52.3M N/A $55.1M Investments *Non-GAAP measure: See appendix for reconciliation to closest GAAP measure 7 © 2025 Arteris, Inc.
Slide 8: Guidance
Guidance 2Q 2025 Guidance FY 2025 Guidance ACV + Royalties1 Revenue2 ACV + Royalties3 Revenue4 $66M - $70M $16.1M - $16.5M $71M - $79M $65M - $71M Non-GAAP Op. Free Cash Flow* Non-GAAP Op. Free Cash Flow* Income* Income* ($4M) – ($3M) ($5M) –$0 ($14M) – ($7M) $0 – $8M 1. 68M at the midpoint, +$7.9M
Slide 9: Appendix - Non-GAAP Financial Measures
Appendix - Non-GAAP Financial Measures To supplement our financial results, which are prepared and presented in accordance with GAAP, we use certain non-GAAP financial measures, as described below, to understand and evaluate our core performance. These non-GAAP measures, which may be different than
Slide 10: Appendix - GAAP To Non-GAAP Reconciliation: Gross Profit
Appendix - GAAP To Non-GAAP Reconciliation Gross profit Three Months Ending: In $ thousands March 31, December 31, March 31, 2024 2024 2025 Gross profit 11,479 13,914 15,006 Add: Stock-based Compensation 189 187 205 Amortization of acquired intangible assets 50 49 50 Non-GAAP gross profit 11,718 14,
Slide 11: Appendix - GAAP To Non-GAAP Reconciliation: Operating Expenses
Appendix - GAAP To Non-GAAP Reconciliation Operating expenses Three Months Ending: In $ thousands March 31, December 31, March 31, 2024 2024 2025 Operating expenses 20,613 21,016 22,714 Less: Stock-based Compensation 3,468 3,944 4,108 Amortization of acquired intangible assets 142 167 167 Non-GAAP o
Slide 12: Appendix - GAAP To Non-GAAP Reconciliation: Income from Operations
Appendix - GAAP To Non-GAAP Reconciliation Income (loss) from operations Three Months Ending: In $ thousands March 31, December 31, March 31, 2024 2024 2025 Income (loss) from Operations (9,134) (7,102) (7,708) Add: Stock-based Compensation 3,657 4,131 4,313 Amortization of acquired intangible asset
Slide 13: Appendix - Free Cash Flow
Appendix –Free Cash Flow Three Months Ending: In $ thousands March 31, December 31, March 31, 2024 2024 2025 Net cash provided by (used in) operating activities 477 (2,631) 2,860 Less: Purchase of property and equipment 196 50 183 Free cash flow 281 (2,681) 2,677 13 © 2025 Arteris, Inc.