Added to YB: 2026-04-29
Pitch date: 2026-04-27
AIP [neutral]
Arteris, Inc.
-0.08%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$1.2B
Pitch Price
$25.67
Price Target
N/A
Dividend
N/A
EV/EBITDA
-37.69
P/E
-32.52
EV/Sales
16.52
Sector
Software
Category
growth
Arteris Write-up w/Mgmt Analysis (AIP).
AIP (overview): SoC interconnect IP co w/ 90% GM, FY25 rev $70.6M (+22%), ACV+royalties $83.6M (+28%), RPO $116.8M (+32%), royalties $6.6M (+50%), OCF $6.7M. FY26 guide: rev $89-93M, ACV+roy $100-104M, non-GAAP op loss $5-9M, FCF $5-9M, Q4'26 op profit possible. FlexGen launched w/ 30+ deployments, Cycuity acq adds security IP. Trades 13x FY26 EV/rev, 9x FY28; still GAAP unprofitable. Mgmt 7.5/10: founder CEO w/ 20% stake, strong tech bench, but entrenched governance, SBC 26% of rev, unclear succession. Bull: AI/chiplet tailwind, long royalty tail, design wins converting. Bear: loss-making, dilutive, execution risk, limited M&A optionality (QC change-of-control clause). Valuation leaves no margin for error.
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