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Side-by-side financial comparison of Arteris, Inc. (AIP) and NELNET INC (NNI). Click either name above to swap in a different company.
NELNET INC is the larger business by last-quarter revenue ($33.5M vs $20.1M, roughly 1.7× Arteris, Inc.). NELNET INC runs the higher net margin — 172.3% vs -42.2%, a 214.5% gap on every dollar of revenue. On growth, NELNET INC posted the faster year-over-year revenue change (79.6% vs 30.0%). NELNET INC produced more free cash flow last quarter ($396.7M vs $3.0M). Over the past eight quarters, NELNET INC's revenue compounded faster (62.0% 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...
Nelnet, Inc. is a United States–based conglomerate that primarily focuses on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and has a 26% stake in Allo Fiber, a cable and internet provider. The company is headquartered in Lincoln, Nebraska.
AIP vs NNI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.1M | $33.5M |
| Net Profit | $-8.5M | $57.8M |
| Gross Margin | 90.8% | 50.5% |
| Operating Margin | -42.0% | — |
| Net Margin | -42.2% | 172.3% |
| Revenue YoY | 30.0% | 79.6% |
| Net Profit YoY | -3.7% | -8.5% |
| EPS (diluted) | $-0.19 | $1.62 |
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 | $33.5M | ||
| Q3 25 | $17.4M | $23.2M | ||
| Q2 25 | $16.5M | $26.1M | ||
| Q1 25 | $16.5M | $24.7M | ||
| Q4 24 | $15.5M | $18.7M | ||
| Q3 24 | $14.7M | $16.6M | ||
| Q2 24 | $14.6M | $14.9M | ||
| Q1 24 | $12.9M | $12.8M |
| Q4 25 | $-8.5M | $57.8M | ||
| Q3 25 | $-9.0M | $106.7M | ||
| Q2 25 | $-9.1M | $181.5M | ||
| Q1 25 | $-8.1M | $82.6M | ||
| Q4 24 | $-8.2M | $63.2M | ||
| Q3 24 | $-7.7M | $2.4M | ||
| Q2 24 | $-8.3M | $45.1M | ||
| Q1 24 | $-9.4M | $73.4M |
| Q4 25 | 90.8% | 50.5% | ||
| Q3 25 | 89.9% | 29.6% | ||
| Q2 25 | 89.4% | 29.8% | ||
| Q1 25 | 90.8% | 30.5% | ||
| Q4 24 | 89.8% | 13.7% | ||
| Q3 24 | 90.1% | 0.1% | ||
| Q2 24 | 90.0% | 27.3% | ||
| Q1 24 | 88.7% | 15.3% |
| Q4 25 | -42.0% | — | ||
| Q3 25 | -50.1% | — | ||
| Q2 25 | -50.0% | — | ||
| Q1 25 | -46.6% | — | ||
| Q4 24 | -45.9% | 97.7% | ||
| Q3 24 | -53.8% | -13.4% | ||
| Q2 24 | -51.1% | 88.0% | ||
| Q1 24 | -70.5% | — |
| Q4 25 | -42.2% | 172.3% | ||
| Q3 25 | -51.6% | 460.5% | ||
| Q2 25 | -55.3% | 694.9% | ||
| Q1 25 | -49.1% | 334.4% | ||
| Q4 24 | -53.0% | 338.2% | ||
| Q3 24 | -52.2% | 14.4% | ||
| Q2 24 | -57.2% | 303.6% | ||
| Q1 24 | -72.6% | 574.4% |
| Q4 25 | $-0.19 | $1.62 | ||
| Q3 25 | $-0.21 | $2.94 | ||
| Q2 25 | $-0.22 | $4.97 | ||
| Q1 25 | $-0.20 | $2.26 | ||
| Q4 24 | $-0.19 | $1.74 | ||
| Q3 24 | $-0.20 | $0.07 | ||
| Q2 24 | $-0.22 | $1.23 | ||
| Q1 24 | $-0.25 | $1.98 |
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 | $296.0M |
| Total DebtLower is stronger | — | $7.8B |
| Stockholders' EquityBook value | $-14.6M | $3.7B |
| Total Assets | $115.0M | $14.1B |
| Debt / EquityLower = less leverage | — | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $33.9M | $296.0M | ||
| Q3 25 | $39.0M | $216.4M | ||
| Q2 25 | $38.0M | $225.8M | ||
| Q1 25 | $42.3M | $220.5M | ||
| Q4 24 | $43.8M | $194.5M | ||
| Q3 24 | $48.7M | $219.7M | ||
| Q2 24 | $45.8M | $145.5M | ||
| Q1 24 | $44.8M | $179.7M |
| Q4 25 | — | $7.8B | ||
| Q3 25 | — | $7.8B | ||
| Q2 25 | — | $7.9B | ||
| Q1 25 | — | $8.7B | ||
| Q4 24 | — | $8.3B | ||
| Q3 24 | — | $8.9B | ||
| Q2 24 | — | $9.6B | ||
| Q1 24 | — | $10.6B |
| Q4 25 | $-14.6M | $3.7B | ||
| Q3 25 | $-11.4M | $3.7B | ||
| Q2 25 | $-7.5M | $3.6B | ||
| Q1 25 | $-4.8M | $3.4B | ||
| Q4 24 | $-1.2M | $3.3B | ||
| Q3 24 | $2.2M | $3.3B | ||
| Q2 24 | $5.3M | $3.3B | ||
| Q1 24 | $9.5M | $3.3B |
| Q4 25 | $115.0M | $14.1B | ||
| Q3 25 | $107.7M | $13.9B | ||
| Q2 25 | $106.9M | $13.7B | ||
| Q1 25 | $98.3M | $14.2B | ||
| Q4 24 | $106.1M | $13.8B | ||
| Q3 24 | $97.7M | $14.1B | ||
| Q2 24 | $96.4M | $14.5B | ||
| Q1 24 | $101.4M | $15.4B |
| Q4 25 | — | 2.11× | ||
| Q3 25 | — | 2.14× | ||
| Q2 25 | — | 2.21× | ||
| Q1 25 | — | 2.53× | ||
| Q4 24 | — | 2.48× | ||
| Q3 24 | — | 2.72× | ||
| Q2 24 | — | 2.90× | ||
| Q1 24 | — | 3.20× |
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 | $423.0M |
| Free Cash FlowOCF − Capex | $3.0M | $396.7M |
| FCF MarginFCF / Revenue | 15.1% | 1183.0% |
| Capex IntensityCapex / Revenue | 0.7% | 78.2% |
| Cash ConversionOCF / Net Profit | — | 7.32× |
| TTM Free Cash FlowTrailing 4 quarters | $5.3M | $663.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $423.0M | ||
| Q3 25 | $3.2M | $112.4M | ||
| Q2 25 | $-2.5M | $81.8M | ||
| Q1 25 | $2.9M | $91.2M | ||
| Q4 24 | $-2.6M | $662.9M | ||
| Q3 24 | $1.1M | $137.0M | ||
| Q2 24 | $311.0K | $133.8M | ||
| Q1 24 | $477.0K | $211.6M |
| Q4 25 | $3.0M | $396.7M | ||
| Q3 25 | $2.5M | $100.8M | ||
| Q2 25 | $-2.8M | $78.1M | ||
| Q1 25 | $2.7M | $87.8M | ||
| Q4 24 | $-2.7M | $642.0M | ||
| Q3 24 | $1.1M | $132.6M | ||
| Q2 24 | $264.0K | $123.1M | ||
| Q1 24 | $281.0K | $188.3M |
| Q4 25 | 15.1% | 1183.0% | ||
| Q3 25 | 14.2% | 435.0% | ||
| Q2 25 | -17.2% | 299.0% | ||
| Q1 25 | 16.2% | 355.6% | ||
| Q4 24 | -17.3% | 3438.0% | ||
| Q3 24 | 7.4% | 797.9% | ||
| Q2 24 | 1.8% | 829.2% | ||
| Q1 24 | 2.2% | 1473.7% |
| Q4 25 | 0.7% | 78.2% | ||
| Q3 25 | 4.1% | 50.4% | ||
| Q2 25 | 2.2% | 14.2% | ||
| Q1 25 | 1.1% | 13.7% | ||
| Q4 24 | 0.3% | 111.9% | ||
| Q3 24 | 0.2% | 26.7% | ||
| Q2 24 | 0.3% | 71.5% | ||
| Q1 24 | 1.5% | 181.7% |
| Q4 25 | — | 7.32× | ||
| Q3 25 | — | 1.05× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 10.50× | ||
| Q3 24 | — | 57.39× | ||
| Q2 24 | — | 2.97× | ||
| Q1 24 | — | 2.88× |
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% |
NNI
Segment breakdown not available.
