Arteris

AIP

Semiconductors · Technology

Price

$31.04

+0.01 (+0.03%)

Market Cap

$1.43B

Exchange

NASDAQ

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+92.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 22.0M (2021) → 42.3M (2025)

Arteris, 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

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+38.7% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+15.0% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$50M/ year

↑ Rising (+11% vs prior year)

70.7% of revenue

4.7x the sector average (15%)

Investing heavily in future products and technology

Insider Activity

20.0%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Runway

~5 months

$12M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Revenue accelerating

Arteris grew revenue 39% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

85.8%

Premium pricing power — 85.8% gross margin

Operating Margin

-40.5%

Losing money on operations — -40.5%

ROCE

-115.5%

Weak — -115.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+25.6%

Fast-growing sales (25.6% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-6.1%

Burning cash (-6.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

2.11

Heavy debt load (2.11)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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