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Side-by-side financial comparison of Arteris, Inc. (AIP) and LiveWire Group, Inc. (LVWR). Click either name above to swap in a different company.
Arteris, Inc. is the larger business by last-quarter revenue ($20.1M vs $11.4M, roughly 1.8× LiveWire Group, Inc.). Arteris, Inc. runs the higher net margin — -42.2% vs -155.2%, a 113.0% gap on every dollar of revenue. On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs 5.5%). Arteris, Inc. produced more free cash flow last quarter ($3.0M vs $-8.9M). Over the past eight quarters, LiveWire Group, Inc.'s revenue compounded faster (51.0% 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...
LiveWire is an American electric motorcycle manufacturer. It was initially launched as a dedicated electric vehicle (EV) division for Harley Davidson in July 2021. The company was spun-off from its parent and went public on September 27, 2022, via merger with a special-purpose acquisition company (SPAC). It was the first publicly traded electric motorcycle company in the United States.
AIP vs LVWR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.1M | $11.4M |
| Net Profit | $-8.5M | $-17.6M |
| Gross Margin | 90.8% | 0.8% |
| Operating Margin | -42.0% | -156.2% |
| Net Margin | -42.2% | -155.2% |
| Revenue YoY | 30.0% | 5.5% |
| Net Profit YoY | -3.7% | 22.6% |
| EPS (diluted) | $-0.19 | $-0.09 |
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 | $11.4M | ||
| Q3 25 | $17.4M | $5.7M | ||
| Q2 25 | $16.5M | $5.9M | ||
| Q1 25 | $16.5M | $2.7M | ||
| Q4 24 | $15.5M | $10.8M | ||
| Q3 24 | $14.7M | $4.4M | ||
| Q2 24 | $14.6M | $6.4M | ||
| Q1 24 | $12.9M | $5.0M |
| Q4 25 | $-8.5M | $-17.6M | ||
| Q3 25 | $-9.0M | $-19.4M | ||
| Q2 25 | $-9.1M | $-18.8M | ||
| Q1 25 | $-8.1M | $-19.3M | ||
| Q4 24 | $-8.2M | $-22.8M | ||
| Q3 24 | $-7.7M | $-22.7M | ||
| Q2 24 | $-8.3M | $-24.8M | ||
| Q1 24 | $-9.4M | $-23.6M |
| Q4 25 | 90.8% | 0.8% | ||
| Q3 25 | 89.9% | -50.9% | ||
| Q2 25 | 89.4% | 9.3% | ||
| Q1 25 | 90.8% | -79.0% | ||
| Q4 24 | 89.8% | -49.8% | ||
| Q3 24 | 90.1% | -34.2% | ||
| Q2 24 | 90.0% | -27.6% | ||
| Q1 24 | 88.7% | -82.9% |
| Q4 25 | -42.0% | -156.2% | ||
| Q3 25 | -50.1% | -330.0% | ||
| Q2 25 | -50.0% | -311.0% | ||
| Q1 25 | -46.6% | -753.4% | ||
| Q4 24 | -45.9% | -234.6% | ||
| Q3 24 | -53.8% | -596.7% | ||
| Q2 24 | -51.1% | -436.7% | ||
| Q1 24 | -70.5% | -611.1% |
| Q4 25 | -42.2% | -155.2% | ||
| Q3 25 | -51.6% | -340.2% | ||
| Q2 25 | -55.3% | -320.6% | ||
| Q1 25 | -49.1% | -702.6% | ||
| Q4 24 | -53.0% | -211.7% | ||
| Q3 24 | -52.2% | -510.6% | ||
| Q2 24 | -57.2% | -384.6% | ||
| Q1 24 | -72.6% | -475.0% |
| Q4 25 | $-0.19 | $-0.09 | ||
| Q3 25 | $-0.21 | $-0.10 | ||
| Q2 25 | $-0.22 | $-0.09 | ||
| Q1 25 | $-0.20 | $-0.09 | ||
| Q4 24 | $-0.19 | $-0.11 | ||
| Q3 24 | $-0.20 | $-0.11 | ||
| Q2 24 | $-0.22 | $-0.12 | ||
| Q1 24 | $-0.25 | $-0.12 |
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 | $82.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-14.6M | $46.0M |
| Total Assets | $115.0M | $146.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $33.9M | $82.8M | ||
| Q3 25 | $39.0M | $16.3M | ||
| Q2 25 | $38.0M | $29.3M | ||
| Q1 25 | $42.3M | $46.2M | ||
| Q4 24 | $43.8M | $64.4M | ||
| Q3 24 | $48.7M | $88.4M | ||
| Q2 24 | $45.8M | $113.0M | ||
| Q1 24 | $44.8M | $141.0M |
| Q4 25 | $-14.6M | $46.0M | ||
| Q3 25 | $-11.4M | $61.8M | ||
| Q2 25 | $-7.5M | $79.7M | ||
| Q1 25 | $-4.8M | $97.2M | ||
| Q4 24 | $-1.2M | $115.1M | ||
| Q3 24 | $2.2M | $137.7M | ||
| Q2 24 | $5.3M | $159.0M | ||
| Q1 24 | $9.5M | $183.8M |
| Q4 25 | $115.0M | $146.4M | ||
| Q3 25 | $107.7M | $89.2M | ||
| Q2 25 | $106.9M | $109.8M | ||
| Q1 25 | $98.3M | $128.3M | ||
| Q4 24 | $106.1M | $148.0M | ||
| Q3 24 | $97.7M | $178.3M | ||
| Q2 24 | $96.4M | $204.9M | ||
| Q1 24 | $101.4M | $237.1M |
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 | $-7.9M |
| Free Cash FlowOCF − Capex | $3.0M | $-8.9M |
| FCF MarginFCF / Revenue | 15.1% | -78.7% |
| Capex IntensityCapex / Revenue | 0.7% | 9.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.3M | $-57.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $-7.9M | ||
| Q3 25 | $3.2M | $-13.3M | ||
| Q2 25 | $-2.5M | $-14.9M | ||
| Q1 25 | $2.9M | $-17.5M | ||
| Q4 24 | $-2.6M | $-21.9M | ||
| Q3 24 | $1.1M | $-23.1M | ||
| Q2 24 | $311.0K | $-26.0M | ||
| Q1 24 | $477.0K | $-22.9M |
| Q4 25 | $3.0M | $-8.9M | ||
| Q3 25 | $2.5M | $-14.0M | ||
| Q2 25 | $-2.8M | $-16.3M | ||
| Q1 25 | $2.7M | $-18.1M | ||
| Q4 24 | $-2.7M | $-23.3M | ||
| Q3 24 | $1.1M | $-24.7M | ||
| Q2 24 | $264.0K | $-27.8M | ||
| Q1 24 | $281.0K | $-26.2M |
| Q4 25 | 15.1% | -78.7% | ||
| Q3 25 | 14.2% | -245.9% | ||
| Q2 25 | -17.2% | -277.7% | ||
| Q1 25 | 16.2% | -660.0% | ||
| Q4 24 | -17.3% | -216.3% | ||
| Q3 24 | 7.4% | -555.3% | ||
| Q2 24 | 1.8% | -431.1% | ||
| Q1 24 | 2.2% | -525.6% |
| Q4 25 | 0.7% | 9.1% | ||
| Q3 25 | 4.1% | 12.9% | ||
| Q2 25 | 2.2% | 24.3% | ||
| Q1 25 | 1.1% | 22.3% | ||
| Q4 24 | 0.3% | 13.1% | ||
| Q3 24 | 0.2% | 35.6% | ||
| Q2 24 | 0.3% | 28.5% | ||
| Q1 24 | 1.5% | 65.1% |
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% |
LVWR
| STACYC Segment | $7.5M | 66% |
| Other | $3.8M | 34% |
