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Side-by-side financial comparison of Arteris, Inc. (AIP) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.
Arteris, Inc. is the larger business by last-quarter revenue ($20.1M vs $13.2M, roughly 1.5× TriSalus Life Sciences, Inc.). Arteris, Inc. runs the higher net margin — -42.2% vs -73.9%, a 31.6% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 30.0%). Arteris, Inc. produced more free cash flow last quarter ($3.0M vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% 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...
TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.
AIP vs TLSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.1M | $13.2M |
| Net Profit | $-8.5M | $-9.8M |
| Gross Margin | 90.8% | 86.7% |
| Operating Margin | -42.0% | -24.8% |
| Net Margin | -42.2% | -73.9% |
| Revenue YoY | 30.0% | 59.8% |
| Net Profit YoY | -3.7% | 3.5% |
| EPS (diluted) | $-0.19 | $-0.22 |
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 | $13.2M | ||
| Q3 25 | $17.4M | $11.6M | ||
| Q2 25 | $16.5M | $11.2M | ||
| Q1 25 | $16.5M | $9.2M | ||
| Q4 24 | $15.5M | $8.3M | ||
| Q3 24 | $14.7M | $7.3M | ||
| Q2 24 | $14.6M | $7.4M | ||
| Q1 24 | $12.9M | $6.5M |
| Q4 25 | $-8.5M | $-9.8M | ||
| Q3 25 | $-9.0M | $-10.8M | ||
| Q2 25 | $-9.1M | $-8.3M | ||
| Q1 25 | $-8.1M | $-10.4M | ||
| Q4 24 | $-8.2M | $-10.1M | ||
| Q3 24 | $-7.7M | $-2.4M | ||
| Q2 24 | $-8.3M | $-4.3M | ||
| Q1 24 | $-9.4M | $-13.2M |
| Q4 25 | 90.8% | 86.7% | ||
| Q3 25 | 89.9% | 83.5% | ||
| Q2 25 | 89.4% | 83.9% | ||
| Q1 25 | 90.8% | 83.7% | ||
| Q4 24 | 89.8% | 85.3% | ||
| Q3 24 | 90.1% | 86.3% | ||
| Q2 24 | 90.0% | 87.6% | ||
| Q1 24 | 88.7% | 85.0% |
| Q4 25 | -42.0% | -24.8% | ||
| Q3 25 | -50.1% | -77.9% | ||
| Q2 25 | -50.0% | -65.4% | ||
| Q1 25 | -46.6% | -79.9% | ||
| Q4 24 | -45.9% | -91.8% | ||
| Q3 24 | -53.8% | -118.9% | ||
| Q2 24 | -51.1% | -111.0% | ||
| Q1 24 | -70.5% | -180.8% |
| Q4 25 | -42.2% | -73.9% | ||
| Q3 25 | -51.6% | -93.5% | ||
| Q2 25 | -55.3% | -73.9% | ||
| Q1 25 | -49.1% | -113.2% | ||
| Q4 24 | -53.0% | -122.4% | ||
| Q3 24 | -52.2% | -32.6% | ||
| Q2 24 | -57.2% | -58.8% | ||
| Q1 24 | -72.6% | -204.5% |
| Q4 25 | $-0.19 | $-0.22 | ||
| Q3 25 | $-0.21 | $-0.96 | ||
| Q2 25 | $-0.22 | $-0.27 | ||
| Q1 25 | $-0.20 | $-0.39 | ||
| Q4 24 | $-0.19 | $-0.38 | ||
| Q3 24 | $-0.20 | $-0.12 | ||
| Q2 24 | $-0.22 | $-0.21 | ||
| Q1 24 | $-0.25 | $-0.60 |
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 | $20.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-14.6M | $-33.9M |
| Total Assets | $115.0M | $35.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $33.9M | $20.4M | ||
| Q3 25 | $39.0M | $22.7M | ||
| Q2 25 | $38.0M | $26.5M | ||
| Q1 25 | $42.3M | $13.0M | ||
| Q4 24 | $43.8M | $8.5M | ||
| Q3 24 | $48.7M | $11.3M | ||
| Q2 24 | $45.8M | $16.5M | ||
| Q1 24 | $44.8M | $4.0M |
| Q4 25 | $-14.6M | $-33.9M | ||
| Q3 25 | $-11.4M | $-26.7M | ||
| Q2 25 | $-7.5M | $-19.4M | ||
| Q1 25 | $-4.8M | $-34.4M | ||
| Q4 24 | $-1.2M | $-25.9M | ||
| Q3 24 | $2.2M | $-20.4M | ||
| Q2 24 | $5.3M | $-25.3M | ||
| Q1 24 | $9.5M | $-36.0M |
| Q4 25 | $115.0M | $35.3M | ||
| Q3 25 | $107.7M | $36.5M | ||
| Q2 25 | $106.9M | $41.3M | ||
| Q1 25 | $98.3M | $28.6M | ||
| Q4 24 | $106.1M | $24.0M | ||
| Q3 24 | $97.7M | $27.5M | ||
| Q2 24 | $96.4M | $32.4M | ||
| Q1 24 | $101.4M | $17.9M |
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 | $-2.5M |
| Free Cash FlowOCF − Capex | $3.0M | $-2.5M |
| FCF MarginFCF / Revenue | 15.1% | -19.1% |
| Capex IntensityCapex / Revenue | 0.7% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.3M | $-19.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $-2.5M | ||
| Q3 25 | $3.2M | $-3.7M | ||
| Q2 25 | $-2.5M | $-7.3M | ||
| Q1 25 | $2.9M | $-4.5M | ||
| Q4 24 | $-2.6M | $-5.7M | ||
| Q3 24 | $1.1M | $-10.8M | ||
| Q2 24 | $311.0K | $-13.4M | ||
| Q1 24 | $477.0K | $-10.9M |
| Q4 25 | $3.0M | $-2.5M | ||
| Q3 25 | $2.5M | $-3.9M | ||
| Q2 25 | $-2.8M | $-7.4M | ||
| Q1 25 | $2.7M | $-5.3M | ||
| Q4 24 | $-2.7M | $-5.8M | ||
| Q3 24 | $1.1M | $-11.0M | ||
| Q2 24 | $264.0K | $-13.5M | ||
| Q1 24 | $281.0K | $-10.9M |
| Q4 25 | 15.1% | -19.1% | ||
| Q3 25 | 14.2% | -33.9% | ||
| Q2 25 | -17.2% | -66.1% | ||
| Q1 25 | 16.2% | -57.3% | ||
| Q4 24 | -17.3% | -69.7% | ||
| Q3 24 | 7.4% | -149.9% | ||
| Q2 24 | 1.8% | -183.1% | ||
| Q1 24 | 2.2% | -169.3% |
| Q4 25 | 0.7% | 0.3% | ||
| Q3 25 | 4.1% | 1.9% | ||
| Q2 25 | 2.2% | 0.8% | ||
| Q1 25 | 1.1% | 8.2% | ||
| Q4 24 | 0.3% | 0.6% | ||
| Q3 24 | 0.2% | 2.3% | ||
| Q2 24 | 0.3% | 0.8% | ||
| Q1 24 | 1.5% | 1.0% |
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% |
TLSI
Segment breakdown not available.
