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Side-by-side financial comparison of Arteris, Inc. (AIP) and OCULAR THERAPEUTIX, INC (OCUL). Click either name above to swap in a different company.
Arteris, Inc. is the larger business by last-quarter revenue ($20.1M vs $13.3M, roughly 1.5× OCULAR THERAPEUTIX, INC). Arteris, Inc. runs the higher net margin — -42.2% vs -488.0%, a 445.7% gap on every dollar of revenue. On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs -22.4%). Arteris, Inc. produced more free cash flow last quarter ($3.0M vs $-57.1M). Over the past eight quarters, Arteris, Inc.'s revenue compounded faster (24.7% CAGR vs -5.3%).
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...
Ocular Therapeutix, Inc. is a biopharmaceutical firm specializing in developing and commercializing innovative ophthalmic therapies. Its products treat acute and chronic eye conditions including post-surgical pain, glaucoma, and dry eye, serving patients and ophthalmology providers primarily across the U.S. and select global markets.
AIP vs OCUL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.1M | $13.3M |
| Net Profit | $-8.5M | $-64.7M |
| Gross Margin | 90.8% | 88.0% |
| Operating Margin | -42.0% | -526.5% |
| Net Margin | -42.2% | -488.0% |
| Revenue YoY | 30.0% | -22.4% |
| Net Profit YoY | -3.7% | -33.6% |
| EPS (diluted) | $-0.19 | $-0.27 |
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 | $13.3M | ||
| Q3 25 | $17.4M | $14.5M | ||
| Q2 25 | $16.5M | $13.5M | ||
| Q1 25 | $16.5M | $10.7M | ||
| Q4 24 | $15.5M | $17.1M | ||
| Q3 24 | $14.7M | $15.4M | ||
| Q2 24 | $14.6M | $16.4M | ||
| Q1 24 | $12.9M | $14.8M |
| Q4 25 | $-8.5M | $-64.7M | ||
| Q3 25 | $-9.0M | $-69.4M | ||
| Q2 25 | $-9.1M | $-67.8M | ||
| Q1 25 | $-8.1M | $-64.1M | ||
| Q4 24 | $-8.2M | $-48.4M | ||
| Q3 24 | $-7.7M | $-36.5M | ||
| Q2 24 | $-8.3M | $-43.8M | ||
| Q1 24 | $-9.4M | $-64.8M |
| Q4 25 | 90.8% | 88.0% | ||
| Q3 25 | 89.9% | 87.8% | ||
| Q2 25 | 89.4% | 85.6% | ||
| Q1 25 | 90.8% | 88.2% | ||
| Q4 24 | 89.8% | 92.8% | ||
| Q3 24 | 90.1% | 89.9% | ||
| Q2 24 | 90.0% | 90.8% | ||
| Q1 24 | 88.7% | 91.0% |
| Q4 25 | -42.0% | -526.5% | ||
| Q3 25 | -50.1% | -472.3% | ||
| Q2 25 | -50.0% | -502.6% | ||
| Q1 25 | -46.6% | -597.5% | ||
| Q4 24 | -45.9% | -296.1% | ||
| Q3 24 | -53.8% | -298.2% | ||
| Q2 24 | -51.1% | -265.1% | ||
| Q1 24 | -70.5% | -214.0% |
| Q4 25 | -42.2% | -488.0% | ||
| Q3 25 | -51.6% | -477.3% | ||
| Q2 25 | -55.3% | -503.9% | ||
| Q1 25 | -49.1% | -598.7% | ||
| Q4 24 | -53.0% | -283.3% | ||
| Q3 24 | -52.2% | -236.6% | ||
| Q2 24 | -57.2% | -266.3% | ||
| Q1 24 | -72.6% | -438.9% |
| Q4 25 | $-0.19 | $-0.27 | ||
| Q3 25 | $-0.21 | $-0.38 | ||
| Q2 25 | $-0.22 | $-0.39 | ||
| Q1 25 | $-0.20 | $-0.38 | ||
| Q4 24 | $-0.19 | $-0.25 | ||
| Q3 24 | $-0.20 | $-0.22 | ||
| Q2 24 | $-0.22 | $-0.26 | ||
| Q1 24 | $-0.25 | $-0.49 |
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 | $737.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-14.6M | $654.3M |
| Total Assets | $115.0M | $808.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $33.9M | $737.1M | ||
| Q3 25 | $39.0M | $344.8M | ||
| Q2 25 | $38.0M | $391.1M | ||
| Q1 25 | $42.3M | $349.7M | ||
| Q4 24 | $43.8M | $392.1M | ||
| Q3 24 | $48.7M | $427.2M | ||
| Q2 24 | $45.8M | $459.7M | ||
| Q1 24 | $44.8M | $482.9M |
| Q4 25 | $-14.6M | $654.3M | ||
| Q3 25 | $-11.4M | $258.2M | ||
| Q2 25 | $-7.5M | $305.9M | ||
| Q1 25 | $-4.8M | $265.9M | ||
| Q4 24 | $-1.2M | $315.3M | ||
| Q3 24 | $2.2M | $352.0M | ||
| Q2 24 | $5.3M | $377.7M | ||
| Q1 24 | $9.5M | $408.0M |
| Q4 25 | $115.0M | $808.1M | ||
| Q3 25 | $107.7M | $410.9M | ||
| Q2 25 | $106.9M | $451.3M | ||
| Q1 25 | $98.3M | $405.9M | ||
| Q4 24 | $106.1M | $457.9M | ||
| Q3 24 | $97.7M | $490.4M | ||
| Q2 24 | $96.4M | $517.1M | ||
| Q1 24 | $101.4M | $538.9M |
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 | $-54.2M |
| Free Cash FlowOCF − Capex | $3.0M | $-57.1M |
| FCF MarginFCF / Revenue | 15.1% | -430.9% |
| Capex IntensityCapex / Revenue | 0.7% | 21.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.3M | $-216.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $-54.2M | ||
| Q3 25 | $3.2M | $-50.7M | ||
| Q2 25 | $-2.5M | $-55.2M | ||
| Q1 25 | $2.9M | $-44.7M | ||
| Q4 24 | $-2.6M | $-39.4M | ||
| Q3 24 | $1.1M | $-36.6M | ||
| Q2 24 | $311.0K | $-24.8M | ||
| Q1 24 | $477.0K | $-33.9M |
| Q4 25 | $3.0M | $-57.1M | ||
| Q3 25 | $2.5M | $-56.7M | ||
| Q2 25 | $-2.8M | $-56.5M | ||
| Q1 25 | $2.7M | $-46.6M | ||
| Q4 24 | $-2.7M | $-39.6M | ||
| Q3 24 | $1.1M | $-36.6M | ||
| Q2 24 | $264.0K | $-25.5M | ||
| Q1 24 | $281.0K | $-34.1M |
| Q4 25 | 15.1% | -430.9% | ||
| Q3 25 | 14.2% | -390.0% | ||
| Q2 25 | -17.2% | -419.7% | ||
| Q1 25 | 16.2% | -435.6% | ||
| Q4 24 | -17.3% | -232.0% | ||
| Q3 24 | 7.4% | -237.6% | ||
| Q2 24 | 1.8% | -155.4% | ||
| Q1 24 | 2.2% | -231.1% |
| Q4 25 | 0.7% | 21.4% | ||
| Q3 25 | 4.1% | 41.2% | ||
| Q2 25 | 2.2% | 9.3% | ||
| Q1 25 | 1.1% | 18.1% | ||
| Q4 24 | 0.3% | 1.2% | ||
| Q3 24 | 0.2% | 0.6% | ||
| Q2 24 | 0.3% | 4.5% | ||
| Q1 24 | 1.5% | 1.7% |
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% |
OCUL
Segment breakdown not available.
