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Side-by-side financial comparison of Arteris, Inc. (AIP) and Sanara MedTech Inc. (SMTI). Click either name above to swap in a different company.

Sanara MedTech Inc. is the larger business by last-quarter revenue ($27.5M vs $20.1M, roughly 1.4× Arteris, Inc.). Sanara MedTech Inc. runs the higher net margin — -5.9% vs -42.2%, a 36.4% gap on every dollar of revenue. On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs 4.6%). Sanara MedTech Inc. produced more free cash flow last quarter ($3.9M vs $3.0M). Over the past eight quarters, Arteris, Inc.'s revenue compounded faster (24.7% CAGR vs 21.8%).

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...

Sanara MedTech Inc. is a US-based medical technology company that develops, manufactures, and distributes innovative surgical, wound care, and post-acute rehabilitation products. It mainly serves healthcare providers, hospitals, and long-term care facilities across North America, with a portfolio of FDA-cleared solutions designed to improve patient outcomes and lower clinical care operational costs.

AIP vs SMTI — Head-to-Head

Bigger by revenue
SMTI
SMTI
1.4× larger
SMTI
$27.5M
$20.1M
AIP
Growing faster (revenue YoY)
AIP
AIP
+25.4% gap
AIP
30.0%
4.6%
SMTI
Higher net margin
SMTI
SMTI
36.4% more per $
SMTI
-5.9%
-42.2%
AIP
More free cash flow
SMTI
SMTI
$826.9K more FCF
SMTI
$3.9M
$3.0M
AIP
Faster 2-yr revenue CAGR
AIP
AIP
Annualised
AIP
24.7%
21.8%
SMTI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AIP
AIP
SMTI
SMTI
Revenue
$20.1M
$27.5M
Net Profit
$-8.5M
$-1.6M
Gross Margin
90.8%
93.2%
Operating Margin
-42.0%
23.5%
Net Margin
-42.2%
-5.9%
Revenue YoY
30.0%
4.6%
Net Profit YoY
-3.7%
5.3%
EPS (diluted)
$-0.19
$-0.32

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
SMTI
SMTI
Q4 25
$20.1M
$27.5M
Q3 25
$17.4M
$26.3M
Q2 25
$16.5M
$25.8M
Q1 25
$16.5M
$23.4M
Q4 24
$15.5M
$26.3M
Q3 24
$14.7M
$21.7M
Q2 24
$14.6M
$20.2M
Q1 24
$12.9M
$18.5M
Net Profit
AIP
AIP
SMTI
SMTI
Q4 25
$-8.5M
$-1.6M
Q3 25
$-9.0M
$-30.4M
Q2 25
$-9.1M
$-2.0M
Q1 25
$-8.1M
$-3.5M
Q4 24
$-8.2M
$-1.7M
Q3 24
$-7.7M
$-2.9M
Q2 24
$-8.3M
$-3.5M
Q1 24
$-9.4M
$-1.8M
Gross Margin
AIP
AIP
SMTI
SMTI
Q4 25
90.8%
93.2%
Q3 25
89.9%
92.9%
Q2 25
89.4%
92.5%
Q1 25
90.8%
92.2%
Q4 24
89.8%
91.4%
Q3 24
90.1%
90.8%
Q2 24
90.0%
90.0%
Q1 24
88.7%
89.8%
Operating Margin
AIP
AIP
SMTI
SMTI
Q4 25
-42.0%
23.5%
Q3 25
-50.1%
11.2%
Q2 25
-50.0%
-0.1%
Q1 25
-46.6%
-8.9%
Q4 24
-45.9%
18.6%
Q3 24
-53.8%
3.6%
Q2 24
-51.1%
-14.3%
Q1 24
-70.5%
-8.3%
Net Margin
AIP
AIP
SMTI
SMTI
Q4 25
-42.2%
-5.9%
Q3 25
-51.6%
-115.5%
Q2 25
-55.3%
-7.8%
Q1 25
-49.1%
-15.1%
Q4 24
-53.0%
-6.5%
Q3 24
-52.2%
-13.2%
Q2 24
-57.2%
-17.4%
Q1 24
-72.6%
-9.5%
EPS (diluted)
AIP
AIP
SMTI
SMTI
Q4 25
$-0.19
$-0.32
Q3 25
$-0.21
$-3.40
Q2 25
$-0.22
$-0.23
Q1 25
$-0.20
$-0.41
Q4 24
$-0.19
$-0.18
Q3 24
$-0.20
$-0.34
Q2 24
$-0.22
$-0.41
Q1 24
$-0.25
$-0.21

Balance Sheet & Financial Strength

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

Metric
AIP
AIP
SMTI
SMTI
Cash + ST InvestmentsLiquidity on hand
$33.9M
$16.6M
Total DebtLower is stronger
$46.0M
Stockholders' EquityBook value
$-14.6M
$5.9M
Total Assets
$115.0M
$72.9M
Debt / EquityLower = less leverage
7.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIP
AIP
SMTI
SMTI
Q4 25
$33.9M
$16.6M
Q3 25
$39.0M
$14.9M
Q2 25
$38.0M
$17.0M
Q1 25
$42.3M
$20.7M
Q4 24
$43.8M
$15.9M
Q3 24
$48.7M
$16.3M
Q2 24
$45.8M
$6.2M
Q1 24
$44.8M
$2.8M
Total Debt
AIP
AIP
SMTI
SMTI
Q4 25
$46.0M
Q3 25
$45.1M
Q2 25
$44.2M
Q1 25
$43.4M
Q4 24
$30.7M
Q3 24
$30.1M
Q2 24
$14.4M
Q1 24
$9.7M
Stockholders' Equity
AIP
AIP
SMTI
SMTI
Q4 25
$-14.6M
$5.9M
Q3 25
$-11.4M
$6.1M
Q2 25
$-7.5M
$35.4M
Q1 25
$-4.8M
$36.7M
Q4 24
$-1.2M
$39.4M
Q3 24
$2.2M
$39.8M
Q2 24
$5.3M
$41.7M
Q1 24
$9.5M
$43.3M
Total Assets
AIP
AIP
SMTI
SMTI
Q4 25
$115.0M
$72.9M
Q3 25
$107.7M
$71.1M
Q2 25
$106.9M
$98.8M
Q1 25
$98.3M
$96.4M
Q4 24
$106.1M
$88.1M
Q3 24
$97.7M
$88.5M
Q2 24
$96.4M
$73.4M
Q1 24
$101.4M
$70.9M
Debt / Equity
AIP
AIP
SMTI
SMTI
Q4 25
7.74×
Q3 25
7.33×
Q2 25
1.25×
Q1 25
1.18×
Q4 24
0.78×
Q3 24
0.76×
Q2 24
0.34×
Q1 24
0.22×

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
SMTI
SMTI
Operating Cash FlowLast quarter
$3.2M
$3.9M
Free Cash FlowOCF − Capex
$3.0M
$3.9M
FCF MarginFCF / Revenue
15.1%
14.0%
Capex IntensityCapex / Revenue
0.7%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$5.3M
$2.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIP
AIP
SMTI
SMTI
Q4 25
$3.2M
$3.9M
Q3 25
$3.2M
$2.2M
Q2 25
$-2.5M
$2.7M
Q1 25
$2.9M
$-2.0M
Q4 24
$-2.6M
$932.0K
Q3 24
$1.1M
$2.1M
Q2 24
$311.0K
$-1.4M
Q1 24
$477.0K
$-1.6M
Free Cash Flow
AIP
AIP
SMTI
SMTI
Q4 25
$3.0M
$3.9M
Q3 25
$2.5M
$1.1M
Q2 25
$-2.8M
$902.7K
Q1 25
$2.7M
$-3.7M
Q4 24
$-2.7M
$859.9K
Q3 24
$1.1M
$2.0M
Q2 24
$264.0K
$-1.5M
Q1 24
$281.0K
$-1.7M
FCF Margin
AIP
AIP
SMTI
SMTI
Q4 25
15.1%
14.0%
Q3 25
14.2%
4.2%
Q2 25
-17.2%
3.5%
Q1 25
16.2%
-15.9%
Q4 24
-17.3%
3.3%
Q3 24
7.4%
9.4%
Q2 24
1.8%
-7.3%
Q1 24
2.2%
-9.0%
Capex Intensity
AIP
AIP
SMTI
SMTI
Q4 25
0.7%
0.3%
Q3 25
4.1%
4.0%
Q2 25
2.2%
6.8%
Q1 25
1.1%
7.4%
Q4 24
0.3%
0.3%
Q3 24
0.2%
0.0%
Q2 24
0.3%
0.3%
Q1 24
1.5%
0.4%

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%

SMTI
SMTI

Soft Tissue Repair Products$24.7M90%
Bone Fusion Products$2.8M10%

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