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Side-by-side financial comparison of Arteris, Inc. (AIP) and Net Lease Office Properties (NLOP). Click either name above to swap in a different company.

Net Lease Office Properties is the larger business by last-quarter revenue ($30.7M vs $20.1M, roughly 1.5× Arteris, Inc.). Net Lease Office Properties runs the higher net margin — -0.2% vs -42.2%, a 42.1% gap on every dollar of revenue. On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs 10.9%). Over the past eight quarters, Arteris, Inc.'s revenue compounded faster (24.7% CAGR vs -16.4%).

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...

Net Lease Office Properties is a real estate investment entity focused on acquiring, owning, and operating high-quality single-tenant net lease office assets, primarily located across the United States. It delivers stable, long-term income streams to investors through its curated portfolio of commercial real estate holdings.

AIP vs NLOP — Head-to-Head

Bigger by revenue
NLOP
NLOP
1.5× larger
NLOP
$30.7M
$20.1M
AIP
Growing faster (revenue YoY)
AIP
AIP
+19.1% gap
AIP
30.0%
10.9%
NLOP
Higher net margin
NLOP
NLOP
42.1% more per $
NLOP
-0.2%
-42.2%
AIP
Faster 2-yr revenue CAGR
AIP
AIP
Annualised
AIP
24.7%
-16.4%
NLOP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AIP
AIP
NLOP
NLOP
Revenue
$20.1M
$30.7M
Net Profit
$-8.5M
$-53.0K
Gross Margin
90.8%
Operating Margin
-42.0%
-0.2%
Net Margin
-42.2%
-0.2%
Revenue YoY
30.0%
10.9%
Net Profit YoY
-3.7%
99.9%
EPS (diluted)
$-0.19
$-0.01

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.

Revenue
AIP
AIP
NLOP
NLOP
Q4 25
$20.1M
$30.7M
Q3 25
$17.4M
$29.8M
Q2 25
$16.5M
$29.2M
Q1 25
$16.5M
$29.2M
Q4 24
$15.5M
$27.7M
Q3 24
$14.7M
$31.5M
Q2 24
$14.6M
$39.0M
Q1 24
$12.9M
$44.0M
Net Profit
AIP
AIP
NLOP
NLOP
Q4 25
$-8.5M
$-53.0K
Q3 25
$-9.0M
$-64.2M
Q2 25
$-9.1M
$-81.5M
Q1 25
$-8.1M
$492.0K
Q4 24
$-8.2M
$-35.8M
Q3 24
$-7.7M
$-40.3M
Q2 24
$-8.3M
$12.5M
Q1 24
$-9.4M
$-27.8M
Gross Margin
AIP
AIP
NLOP
NLOP
Q4 25
90.8%
Q3 25
89.9%
Q2 25
89.4%
Q1 25
90.8%
Q4 24
89.8%
Q3 24
90.1%
Q2 24
90.0%
Q1 24
88.7%
Operating Margin
AIP
AIP
NLOP
NLOP
Q4 25
-42.0%
-0.2%
Q3 25
-50.1%
-215.2%
Q2 25
-50.0%
-279.1%
Q1 25
-46.6%
2.0%
Q4 24
-45.9%
-140.7%
Q3 24
-53.8%
-126.4%
Q2 24
-51.1%
32.3%
Q1 24
-70.5%
-62.7%
Net Margin
AIP
AIP
NLOP
NLOP
Q4 25
-42.2%
-0.2%
Q3 25
-51.6%
-215.4%
Q2 25
-55.3%
-279.5%
Q1 25
-49.1%
1.7%
Q4 24
-53.0%
-129.0%
Q3 24
-52.2%
-128.0%
Q2 24
-57.2%
31.9%
Q1 24
-72.6%
-63.3%
EPS (diluted)
AIP
AIP
NLOP
NLOP
Q4 25
$-0.19
$-0.01
Q3 25
$-0.21
$-4.33
Q2 25
$-0.22
$-5.50
Q1 25
$-0.20
$0.03
Q4 24
$-0.19
$-2.41
Q3 24
$-0.20
$-2.73
Q2 24
$-0.22
$0.84
Q1 24
$-0.25
$-1.88

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AIP
AIP
NLOP
NLOP
Cash + ST InvestmentsLiquidity on hand
$33.9M
$119.6M
Total DebtLower is stronger
$21.9M
Stockholders' EquityBook value
$-14.6M
$293.9M
Total Assets
$115.0M
$453.4M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIP
AIP
NLOP
NLOP
Q4 25
$33.9M
$119.6M
Q3 25
$39.0M
$38.7M
Q2 25
$38.0M
$54.1M
Q1 25
$42.3M
$28.2M
Q4 24
$43.8M
$25.1M
Q3 24
$48.7M
$36.1M
Q2 24
$45.8M
$36.1M
Q1 24
$44.8M
$39.8M
Total Debt
AIP
AIP
NLOP
NLOP
Q4 25
$21.9M
Q3 25
$47.1M
Q2 25
$117.2M
Q1 25
$148.5M
Q4 24
$169.2M
Q3 24
$239.4M
Q2 24
$327.4M
Q1 24
$515.2M
Stockholders' Equity
AIP
AIP
NLOP
NLOP
Q4 25
$-14.6M
$293.9M
Q3 25
$-11.4M
$430.3M
Q2 25
$-7.5M
$500.0M
Q1 25
$-4.8M
$582.1M
Q4 24
$-1.2M
$581.2M
Q3 24
$2.2M
$621.9M
Q2 24
$5.3M
$660.3M
Q1 24
$9.5M
$647.2M
Total Assets
AIP
AIP
NLOP
NLOP
Q4 25
$115.0M
$453.4M
Q3 25
$107.7M
$522.6M
Q2 25
$106.9M
$668.7M
Q1 25
$98.3M
$784.1M
Q4 24
$106.1M
$805.1M
Q3 24
$97.7M
$919.9M
Q2 24
$96.4M
$1.0B
Q1 24
$101.4M
$1.2B
Debt / Equity
AIP
AIP
NLOP
NLOP
Q4 25
0.07×
Q3 25
0.11×
Q2 25
0.23×
Q1 25
0.26×
Q4 24
0.29×
Q3 24
0.38×
Q2 24
0.50×
Q1 24
0.80×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AIP
AIP
NLOP
NLOP
Operating Cash FlowLast quarter
$3.2M
$64.1M
Free Cash FlowOCF − Capex
$3.0M
FCF MarginFCF / Revenue
15.1%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$5.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIP
AIP
NLOP
NLOP
Q4 25
$3.2M
$64.1M
Q3 25
$3.2M
$16.3M
Q2 25
$-2.5M
$11.7M
Q1 25
$2.9M
$14.1M
Q4 24
$-2.6M
$71.9M
Q3 24
$1.1M
$20.3M
Q2 24
$311.0K
$14.7M
Q1 24
$477.0K
$26.4M
Free Cash Flow
AIP
AIP
NLOP
NLOP
Q4 25
$3.0M
Q3 25
$2.5M
Q2 25
$-2.8M
Q1 25
$2.7M
Q4 24
$-2.7M
Q3 24
$1.1M
Q2 24
$264.0K
Q1 24
$281.0K
FCF Margin
AIP
AIP
NLOP
NLOP
Q4 25
15.1%
Q3 25
14.2%
Q2 25
-17.2%
Q1 25
16.2%
Q4 24
-17.3%
Q3 24
7.4%
Q2 24
1.8%
Q1 24
2.2%
Capex Intensity
AIP
AIP
NLOP
NLOP
Q4 25
0.7%
Q3 25
4.1%
Q2 25
2.2%
Q1 25
1.1%
Q4 24
0.3%
Q3 24
0.2%
Q2 24
0.3%
Q1 24
1.5%
Cash Conversion
AIP
AIP
NLOP
NLOP
Q4 25
Q3 25
Q2 25
Q1 25
28.70×
Q4 24
Q3 24
Q2 24
1.18×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AIP
AIP

License And Maintenance$17.5M87%
Variable Royalties And Other$2.6M13%

NLOP
NLOP

Segment breakdown not available.

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