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Side-by-side financial comparison of Arteris, Inc. (AIP) and FTC Solar, Inc. (FTCI). Click either name above to swap in a different company.
FTC Solar, Inc. is the larger business by last-quarter revenue ($32.9M vs $20.1M, roughly 1.6× Arteris, Inc.). Arteris, Inc. runs the higher net margin — -42.2% vs -110.7%, a 68.5% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs 30.0%). Arteris, Inc. produced more free cash flow last quarter ($3.0M vs $-8.4M). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% 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...
FTC Solar, Inc. is a leading global provider of advanced solar tracker systems, associated components, and supporting software for solar projects. It serves utility-scale, commercial, and industrial solar segments across key global markets, helping customers boost energy generation efficiency and lower overall project costs.
AIP vs FTCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.1M | $32.9M |
| Net Profit | $-8.5M | $-36.4M |
| Gross Margin | 90.8% | 14.9% |
| Operating Margin | -42.0% | -17.2% |
| Net Margin | -42.2% | -110.7% |
| Revenue YoY | 30.0% | 148.9% |
| Net Profit YoY | -3.7% | -197.4% |
| EPS (diluted) | $-0.19 | $-2.31 |
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 | $32.9M | ||
| Q3 25 | $17.4M | $26.0M | ||
| Q2 25 | $16.5M | $20.0M | ||
| Q1 25 | $16.5M | $20.8M | ||
| Q4 24 | $15.5M | $13.2M | ||
| Q3 24 | $14.7M | $10.1M | ||
| Q2 24 | $14.6M | $11.4M | ||
| Q1 24 | $12.9M | $12.6M |
| Q4 25 | $-8.5M | $-36.4M | ||
| Q3 25 | $-9.0M | $-23.9M | ||
| Q2 25 | $-9.1M | $-15.4M | ||
| Q1 25 | $-8.1M | $-3.8M | ||
| Q4 24 | $-8.2M | $-12.2M | ||
| Q3 24 | $-7.7M | $-15.4M | ||
| Q2 24 | $-8.3M | $-12.2M | ||
| Q1 24 | $-9.4M | $-8.8M |
| Q4 25 | 90.8% | 14.9% | ||
| Q3 25 | 89.9% | 6.1% | ||
| Q2 25 | 89.4% | -19.6% | ||
| Q1 25 | 90.8% | -16.6% | ||
| Q4 24 | 89.8% | -29.1% | ||
| Q3 24 | 90.1% | -42.5% | ||
| Q2 24 | 90.0% | -20.5% | ||
| Q1 24 | 88.7% | -16.7% |
| Q4 25 | -42.0% | -17.2% | ||
| Q3 25 | -50.1% | -29.6% | ||
| Q2 25 | -50.0% | -57.5% | ||
| Q1 25 | -46.6% | -50.8% | ||
| Q4 24 | -45.9% | -101.7% | ||
| Q3 24 | -53.8% | -147.8% | ||
| Q2 24 | -51.1% | -104.3% | ||
| Q1 24 | -70.5% | -99.3% |
| Q4 25 | -42.2% | -110.7% | ||
| Q3 25 | -51.6% | -92.0% | ||
| Q2 25 | -55.3% | -77.2% | ||
| Q1 25 | -49.1% | -18.4% | ||
| Q4 24 | -53.0% | -92.7% | ||
| Q3 24 | -52.2% | -151.5% | ||
| Q2 24 | -57.2% | -107.1% | ||
| Q1 24 | -72.6% | -69.7% |
| Q4 25 | $-0.19 | $-2.31 | ||
| Q3 25 | $-0.21 | $-1.61 | ||
| Q2 25 | $-0.22 | $-1.18 | ||
| Q1 25 | $-0.20 | $-0.58 | ||
| Q4 24 | $-0.19 | $-0.95 | ||
| Q3 24 | $-0.20 | $-1.21 | ||
| Q2 24 | $-0.22 | $-0.97 | ||
| Q1 24 | $-0.25 | $-0.70 |
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 | $21.1M |
| Total DebtLower is stronger | — | $9.9M |
| Stockholders' EquityBook value | $-14.6M | $-43.0M |
| Total Assets | $115.0M | $111.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $33.9M | $21.1M | ||
| Q3 25 | $39.0M | $24.4M | ||
| Q2 25 | $38.0M | $3.5M | ||
| Q1 25 | $42.3M | $5.9M | ||
| Q4 24 | $43.8M | $11.2M | ||
| Q3 24 | $48.7M | $8.3M | ||
| Q2 24 | $45.8M | $10.8M | ||
| Q1 24 | $44.8M | $14.0M |
| Q4 25 | — | $9.9M | ||
| Q3 25 | — | $16.6M | ||
| Q2 25 | — | $10.9M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $9.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-14.6M | $-43.0M | ||
| Q3 25 | $-11.4M | $-13.7M | ||
| Q2 25 | $-7.5M | $9.0M | ||
| Q1 25 | $-4.8M | $15.5M | ||
| Q4 24 | $-1.2M | $19.0M | ||
| Q3 24 | $2.2M | $30.4M | ||
| Q2 24 | $5.3M | $44.2M | ||
| Q1 24 | $9.5M | $55.2M |
| Q4 25 | $115.0M | $111.8M | ||
| Q3 25 | $107.7M | $111.5M | ||
| Q2 25 | $106.9M | $83.0M | ||
| Q1 25 | $98.3M | $84.1M | ||
| Q4 24 | $106.1M | $89.9M | ||
| Q3 24 | $97.7M | $91.7M | ||
| Q2 24 | $96.4M | $100.3M | ||
| Q1 24 | $101.4M | $115.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-8.0M |
| Free Cash FlowOCF − Capex | $3.0M | $-8.4M |
| FCF MarginFCF / Revenue | 15.1% | -25.7% |
| Capex IntensityCapex / Revenue | 0.7% | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.3M | $-34.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $-8.0M | ||
| Q3 25 | $3.2M | $-14.6M | ||
| Q2 25 | $-2.5M | $-2.3M | ||
| Q1 25 | $2.9M | $-8.5M | ||
| Q4 24 | $-2.6M | $-16.7M | ||
| Q3 24 | $1.1M | $-2.4M | ||
| Q2 24 | $311.0K | $-3.8M | ||
| Q1 24 | $477.0K | $-11.9M |
| Q4 25 | $3.0M | $-8.4M | ||
| Q3 25 | $2.5M | $-15.1M | ||
| Q2 25 | $-2.8M | $-2.5M | ||
| Q1 25 | $2.7M | $-8.6M | ||
| Q4 24 | $-2.7M | $-17.0M | ||
| Q3 24 | $1.1M | $-2.6M | ||
| Q2 24 | $264.0K | $-4.5M | ||
| Q1 24 | $281.0K | $-12.3M |
| Q4 25 | 15.1% | -25.7% | ||
| Q3 25 | 14.2% | -57.9% | ||
| Q2 25 | -17.2% | -12.4% | ||
| Q1 25 | 16.2% | -41.2% | ||
| Q4 24 | -17.3% | -128.6% | ||
| Q3 24 | 7.4% | -25.6% | ||
| Q2 24 | 1.8% | -39.2% | ||
| Q1 24 | 2.2% | -97.6% |
| Q4 25 | 0.7% | 1.3% | ||
| Q3 25 | 4.1% | 1.7% | ||
| Q2 25 | 2.2% | 0.9% | ||
| Q1 25 | 1.1% | 0.4% | ||
| Q4 24 | 0.3% | 2.2% | ||
| Q3 24 | 0.2% | 2.2% | ||
| Q2 24 | 0.3% | 6.1% | ||
| Q1 24 | 1.5% | 3.4% |
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% |
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
