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Side-by-side financial comparison of Arteris, Inc. (AIP) and NATIONAL RESEARCH CORP (NRC). Click either name above to swap in a different company.
NATIONAL RESEARCH CORP is the larger business by last-quarter revenue ($35.2M vs $20.1M, roughly 1.7× Arteris, Inc.). NATIONAL RESEARCH CORP runs the higher net margin — 5.1% vs -42.2%, a 47.3% gap on every dollar of revenue. On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs -4.6%). NATIONAL RESEARCH CORP produced more free cash flow last quarter ($6.1M vs $3.0M). Over the past eight quarters, Arteris, Inc.'s revenue compounded faster (24.7% CAGR vs -0.2%).
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...
National Research Corporation, doing business as NRC Health, is an American healthcare company which provides healthcare products and subscription-based solutions in United States and Canada. It was founded in 1981, and is based in Lincoln, Nebraska.
AIP vs NRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.1M | $35.2M |
| Net Profit | $-8.5M | $1.8M |
| Gross Margin | 90.8% | — |
| Operating Margin | -42.0% | 13.3% |
| Net Margin | -42.2% | 5.1% |
| Revenue YoY | 30.0% | -4.6% |
| Net Profit YoY | -3.7% | -72.6% |
| EPS (diluted) | $-0.19 | $49.58 |
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 | $35.2M | ||
| Q3 25 | $17.4M | $34.6M | ||
| Q2 25 | $16.5M | $34.0M | ||
| Q1 25 | $16.5M | $33.6M | ||
| Q4 24 | $15.5M | $36.9M | ||
| Q3 24 | $14.7M | $35.8M | ||
| Q2 24 | $14.6M | $35.0M | ||
| Q1 24 | $12.9M | $35.3M |
| Q4 25 | $-8.5M | $1.8M | ||
| Q3 25 | $-9.0M | $4.1M | ||
| Q2 25 | $-9.1M | $-106.0K | ||
| Q1 25 | $-8.1M | $5.8M | ||
| Q4 24 | $-8.2M | $6.6M | ||
| Q3 24 | $-7.7M | $5.7M | ||
| Q2 24 | $-8.3M | $6.2M | ||
| Q1 24 | $-9.4M | $6.4M |
| 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% | — |
| Q4 25 | -42.0% | 13.3% | ||
| Q3 25 | -50.1% | 22.4% | ||
| Q2 25 | -50.0% | 4.7% | ||
| Q1 25 | -46.6% | 25.6% | ||
| Q4 24 | -45.9% | 26.0% | ||
| Q3 24 | -53.8% | 22.3% | ||
| Q2 24 | -51.1% | 25.3% | ||
| Q1 24 | -70.5% | 24.8% |
| Q4 25 | -42.2% | 5.1% | ||
| Q3 25 | -51.6% | 11.9% | ||
| Q2 25 | -55.3% | -0.3% | ||
| Q1 25 | -49.1% | 17.2% | ||
| Q4 24 | -53.0% | 17.8% | ||
| Q3 24 | -52.2% | 15.9% | ||
| Q2 24 | -57.2% | 17.6% | ||
| Q1 24 | -72.6% | 18.0% |
| Q4 25 | $-0.19 | $49.58 | ||
| Q3 25 | $-0.21 | $0.18 | ||
| Q2 25 | $-0.22 | $-0.01 | ||
| Q1 25 | $-0.20 | $0.25 | ||
| Q4 24 | $-0.19 | $0.27 | ||
| Q3 24 | $-0.20 | $0.24 | ||
| Q2 24 | $-0.22 | $0.26 | ||
| Q1 24 | $-0.25 | $0.27 |
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 | $4.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-14.6M | $14.0M |
| Total Assets | $115.0M | $134.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $33.9M | $4.1M | ||
| Q3 25 | $39.0M | $2.2M | ||
| Q2 25 | $38.0M | $5.3M | ||
| Q1 25 | $42.3M | $2.5M | ||
| Q4 24 | $43.8M | $4.2M | ||
| Q3 24 | $48.7M | $3.5M | ||
| Q2 24 | $45.8M | $485.0K | ||
| Q1 24 | $44.8M | $1.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $48.7M | ||
| Q2 24 | — | $33.3M | ||
| Q1 24 | — | $35.2M |
| Q4 25 | $-14.6M | $14.0M | ||
| Q3 25 | $-11.4M | $14.3M | ||
| Q2 25 | $-7.5M | $21.3M | ||
| Q1 25 | $-4.8M | $29.7M | ||
| Q4 24 | $-1.2M | $31.3M | ||
| Q3 24 | $2.2M | $34.6M | ||
| Q2 24 | $5.3M | $40.2M | ||
| Q1 24 | $9.5M | $36.9M |
| Q4 25 | $115.0M | $134.9M | ||
| Q3 25 | $107.7M | $135.7M | ||
| Q2 25 | $106.9M | $141.4M | ||
| Q1 25 | $98.3M | $135.2M | ||
| Q4 24 | $106.1M | $132.5M | ||
| Q3 24 | $97.7M | $131.8M | ||
| Q2 24 | $96.4M | $119.1M | ||
| Q1 24 | $101.4M | $120.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | 0.95× |
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 | $7.2M |
| Free Cash FlowOCF − Capex | $3.0M | $6.1M |
| FCF MarginFCF / Revenue | 15.1% | 17.2% |
| Capex IntensityCapex / Revenue | 0.7% | 3.2% |
| Cash ConversionOCF / Net Profit | — | 3.99× |
| TTM Free Cash FlowTrailing 4 quarters | $5.3M | $15.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $7.2M | ||
| Q3 25 | $3.2M | $13.8M | ||
| Q2 25 | $-2.5M | $-1.1M | ||
| Q1 25 | $2.9M | $6.6M | ||
| Q4 24 | $-2.6M | $6.4M | ||
| Q3 24 | $1.1M | $9.4M | ||
| Q2 24 | $311.0K | $6.8M | ||
| Q1 24 | $477.0K | $12.0M |
| Q4 25 | $3.0M | $6.1M | ||
| Q3 25 | $2.5M | $10.2M | ||
| Q2 25 | $-2.8M | $-4.1M | ||
| Q1 25 | $2.7M | $3.7M | ||
| Q4 24 | $-2.7M | $1.9M | ||
| Q3 24 | $1.1M | $7.8M | ||
| Q2 24 | $264.0K | $1.5M | ||
| Q1 24 | $281.0K | $7.9M |
| Q4 25 | 15.1% | 17.2% | ||
| Q3 25 | 14.2% | 29.4% | ||
| Q2 25 | -17.2% | -12.2% | ||
| Q1 25 | 16.2% | 10.9% | ||
| Q4 24 | -17.3% | 5.2% | ||
| Q3 24 | 7.4% | 21.8% | ||
| Q2 24 | 1.8% | 4.3% | ||
| Q1 24 | 2.2% | 22.4% |
| Q4 25 | 0.7% | 3.2% | ||
| Q3 25 | 4.1% | 10.4% | ||
| Q2 25 | 2.2% | 8.8% | ||
| Q1 25 | 1.1% | 8.9% | ||
| Q4 24 | 0.3% | 12.0% | ||
| Q3 24 | 0.2% | 4.5% | ||
| Q2 24 | 0.3% | 15.0% | ||
| Q1 24 | 1.5% | 11.7% |
| Q4 25 | — | 3.99× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | — | 0.97× | ||
| Q3 24 | — | 1.66× | ||
| Q2 24 | — | 1.10× | ||
| Q1 24 | — | 1.89× |
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% |
NRC
Segment breakdown not available.
