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Side-by-side financial comparison of Arteris, Inc. (AIP) and Enovix Corp (ENVX). Click either name above to swap in a different company.
Arteris, Inc. is the larger business by last-quarter revenue ($20.1M vs $11.3M, roughly 1.8× Enovix Corp). Arteris, Inc. runs the higher net margin — -42.2% vs -310.6%, a 268.4% gap on every dollar of revenue. On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs 15.9%). Arteris, Inc. produced more free cash flow last quarter ($3.0M vs $-28.0M). Over the past eight quarters, Enovix Corp's revenue compounded faster (46.2% CAGR vs 24.7%).
Arteris, Inc. is a multinational technology company headquartered in Campbell, California. It develops the network-on-chip (NoC) IP and system-on-chip (SoC) integration automation software that is used to create semiconductor chip and chiplet designs for a variety of devices, particularly in automotive electronics, artificial intelligence, machine learning, enterprise computing, communications, consumer, industrial, and aerospace & defense markets. The company specializes in the development a...
Enovix Corp is an advanced battery technology company that designs, develops and manufactures high-energy-density 3D silicon anode lithium-ion batteries. Its products serve consumer electronics, wearable devices, electric vehicles, and renewable energy storage segments, with customers and operations across North America, Asia and Europe.
AIP vs ENVX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.1M | $11.3M |
| Net Profit | $-8.5M | $-35.0M |
| Gross Margin | 90.8% | 22.2% |
| Operating Margin | -42.0% | -390.5% |
| Net Margin | -42.2% | -310.6% |
| Revenue YoY | 30.0% | 15.9% |
| Net Profit YoY | -3.7% | 6.6% |
| EPS (diluted) | $-0.19 | $-0.14 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $20.1M | $11.3M | ||
| Q3 25 | $17.4M | $8.0M | ||
| Q2 25 | $16.5M | $7.5M | ||
| Q1 25 | $16.5M | $5.1M | ||
| Q4 24 | $15.5M | $9.7M | ||
| Q3 24 | $14.7M | $4.3M | ||
| Q2 24 | $14.6M | $3.8M | ||
| Q1 24 | $12.9M | $5.3M |
| Q4 25 | $-8.5M | $-35.0M | ||
| Q3 25 | $-9.0M | $-53.7M | ||
| Q2 25 | $-9.1M | $-44.5M | ||
| Q1 25 | $-8.1M | $-23.5M | ||
| Q4 24 | $-8.2M | $-37.5M | ||
| Q3 24 | $-7.7M | $-22.5M | ||
| Q2 24 | $-8.3M | $-115.9M | ||
| Q1 24 | $-9.4M | $-46.4M |
| Q4 25 | 90.8% | 22.2% | ||
| Q3 25 | 89.9% | 17.5% | ||
| Q2 25 | 89.4% | 26.0% | ||
| Q1 25 | 90.8% | 5.1% | ||
| Q4 24 | 89.8% | 10.8% | ||
| Q3 24 | 90.1% | -14.9% | ||
| Q2 24 | 90.0% | -17.4% | ||
| Q1 24 | 88.7% | -34.1% |
| Q4 25 | -42.0% | -390.5% | ||
| Q3 25 | -50.1% | -587.9% | ||
| Q2 25 | -50.0% | -585.6% | ||
| Q1 25 | -46.6% | -834.8% | ||
| Q4 24 | -45.9% | -355.2% | ||
| Q3 24 | -53.8% | -1141.2% | ||
| Q2 24 | -51.1% | -2355.4% | ||
| Q1 24 | -70.5% | -1330.3% |
| Q4 25 | -42.2% | -310.6% | ||
| Q3 25 | -51.6% | -672.3% | ||
| Q2 25 | -55.3% | -596.3% | ||
| Q1 25 | -49.1% | -461.2% | ||
| Q4 24 | -53.0% | -385.6% | ||
| Q3 24 | -52.2% | -522.0% | ||
| Q2 24 | -57.2% | -3075.2% | ||
| Q1 24 | -72.6% | -879.5% |
| Q4 25 | $-0.19 | $-0.14 | ||
| Q3 25 | $-0.21 | $-0.27 | ||
| Q2 25 | $-0.22 | $-0.22 | ||
| Q1 25 | $-0.20 | $-0.12 | ||
| Q4 24 | $-0.19 | $0.00 | ||
| Q3 24 | $-0.20 | $-0.28 | ||
| Q2 24 | $-0.22 | $-0.63 | ||
| Q1 24 | $-0.25 | $-0.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $33.9M | $512.0M |
| Total DebtLower is stronger | — | $519.5M |
| Stockholders' EquityBook value | $-14.6M | $271.2M |
| Total Assets | $115.0M | $879.0M |
| Debt / EquityLower = less leverage | — | 1.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $33.9M | $512.0M | ||
| Q3 25 | $39.0M | $558.8M | ||
| Q2 25 | $38.0M | $203.4M | ||
| Q1 25 | $42.3M | $248.2M | ||
| Q4 24 | $43.8M | $272.9M | ||
| Q3 24 | $48.7M | $200.9M | ||
| Q2 24 | $45.8M | $249.9M | ||
| Q1 24 | $44.8M | $262.4M |
| Q4 25 | — | $519.5M | ||
| Q3 25 | — | $518.6M | ||
| Q2 25 | — | $169.7M | ||
| Q1 25 | — | $169.4M | ||
| Q4 24 | — | $170.0M | ||
| Q3 24 | — | $168.9M | ||
| Q2 24 | — | $170.1M | ||
| Q1 24 | — | $169.8M |
| Q4 25 | $-14.6M | $271.2M | ||
| Q3 25 | $-11.4M | $294.3M | ||
| Q2 25 | $-7.5M | $203.7M | ||
| Q1 25 | $-4.8M | $235.1M | ||
| Q4 24 | $-1.2M | $246.7M | ||
| Q3 24 | $2.2M | $167.6M | ||
| Q2 24 | $5.3M | $170.3M | ||
| Q1 24 | $9.5M | $229.3M |
| Q4 25 | $115.0M | $879.0M | ||
| Q3 25 | $107.7M | $913.7M | ||
| Q2 25 | $106.9M | $469.1M | ||
| Q1 25 | $98.3M | $499.0M | ||
| Q4 24 | $106.1M | $527.2M | ||
| Q3 24 | $97.7M | $448.0M | ||
| Q2 24 | $96.4M | $489.0M | ||
| Q1 24 | $101.4M | $508.9M |
| Q4 25 | — | 1.92× | ||
| Q3 25 | — | 1.76× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 0.69× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 0.74× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.2M | $-27.0M |
| Free Cash FlowOCF − Capex | $3.0M | $-28.0M |
| FCF MarginFCF / Revenue | 15.1% | -248.6% |
| Capex IntensityCapex / Revenue | 0.7% | 8.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.3M | $-113.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $-27.0M | ||
| Q3 25 | $3.2M | $-25.5M | ||
| Q2 25 | $-2.5M | $-25.9M | ||
| Q1 25 | $2.9M | $-16.9M | ||
| Q4 24 | $-2.6M | $-16.0M | ||
| Q3 24 | $1.1M | $-30.7M | ||
| Q2 24 | $311.0K | $-26.9M | ||
| Q1 24 | $477.0K | $-35.0M |
| Q4 25 | $3.0M | $-28.0M | ||
| Q3 25 | $2.5M | $-28.5M | ||
| Q2 25 | $-2.8M | $-33.8M | ||
| Q1 25 | $2.7M | $-23.2M | ||
| Q4 24 | $-2.7M | $-32.3M | ||
| Q3 24 | $1.1M | $-50.2M | ||
| Q2 24 | $264.0K | $-52.2M | ||
| Q1 24 | $281.0K | $-50.1M |
| Q4 25 | 15.1% | -248.6% | ||
| Q3 25 | 14.2% | -356.7% | ||
| Q2 25 | -17.2% | -453.0% | ||
| Q1 25 | 16.2% | -454.7% | ||
| Q4 24 | -17.3% | -332.6% | ||
| Q3 24 | 7.4% | -1163.2% | ||
| Q2 24 | 1.8% | -1384.2% | ||
| Q1 24 | 2.2% | -950.9% |
| Q4 25 | 0.7% | 8.9% | ||
| Q3 25 | 4.1% | 37.2% | ||
| Q2 25 | 2.2% | 106.7% | ||
| Q1 25 | 1.1% | 123.0% | ||
| Q4 24 | 0.3% | 168.3% | ||
| Q3 24 | 0.2% | 452.5% | ||
| Q2 24 | 0.3% | 669.0% | ||
| Q1 24 | 1.5% | 286.2% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIP
| License And Maintenance | $17.5M | 87% |
| Variable Royalties And Other | $2.6M | 13% |
ENVX
Segment breakdown not available.
