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Side-by-side financial comparison of Arteris, Inc. (AIP) and Waterstone Financial, Inc. (WSBF). Click either name above to swap in a different company.
Waterstone Financial, Inc. is the larger business by last-quarter revenue ($37.2M vs $20.1M, roughly 1.8× Arteris, Inc.). On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs 16.7%). Waterstone Financial, Inc. produced more free cash flow last quarter ($23.0M vs $3.0M). Over the past eight quarters, Arteris, Inc.'s revenue compounded faster (24.7% CAGR vs 7.1%).
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...
Waterstone Financial, Inc. is a U.S. bank holding company headquartered in Wisconsin. It offers retail and commercial banking services, residential mortgages, and wealth management solutions, primarily serving consumers and small to medium-sized businesses across the U.S. Midwest region.
AIP vs WSBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.1M | $37.2M |
| Net Profit | $-8.5M | — |
| Gross Margin | 90.8% | — |
| Operating Margin | -42.0% | 27.0% |
| Net Margin | -42.2% | — |
| Revenue YoY | 30.0% | 16.7% |
| Net Profit YoY | -3.7% | — |
| EPS (diluted) | $-0.19 | $0.43 |
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 | $37.2M | ||
| Q3 25 | $17.4M | $37.0M | ||
| Q2 25 | $16.5M | $38.0M | ||
| Q1 25 | $16.5M | $29.7M | ||
| Q4 24 | $15.5M | $31.8M | ||
| Q3 24 | $14.7M | $34.1M | ||
| Q2 24 | $14.6M | $37.2M | ||
| Q1 24 | $12.9M | $32.4M |
| Q4 25 | $-8.5M | — | ||
| Q3 25 | $-9.0M | $7.9M | ||
| Q2 25 | $-9.1M | $7.7M | ||
| Q1 25 | $-8.1M | $3.0M | ||
| Q4 24 | $-8.2M | — | ||
| Q3 24 | $-7.7M | $4.7M | ||
| Q2 24 | $-8.3M | $5.7M | ||
| Q1 24 | $-9.4M | $3.0M |
| 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% | 27.0% | ||
| Q3 25 | -50.1% | 26.6% | ||
| Q2 25 | -50.0% | 25.4% | ||
| Q1 25 | -46.6% | 13.1% | ||
| Q4 24 | -45.9% | 19.5% | ||
| Q3 24 | -53.8% | 17.3% | ||
| Q2 24 | -51.1% | 19.2% | ||
| Q1 24 | -70.5% | 14.7% |
| Q4 25 | -42.2% | — | ||
| Q3 25 | -51.6% | 21.4% | ||
| Q2 25 | -55.3% | 20.3% | ||
| Q1 25 | -49.1% | 10.2% | ||
| Q4 24 | -53.0% | — | ||
| Q3 24 | -52.2% | 13.9% | ||
| Q2 24 | -57.2% | 15.4% | ||
| Q1 24 | -72.6% | 9.4% |
| Q4 25 | $-0.19 | $0.43 | ||
| Q3 25 | $-0.21 | $0.45 | ||
| Q2 25 | $-0.22 | $0.43 | ||
| Q1 25 | $-0.20 | $0.17 | ||
| Q4 24 | $-0.19 | $0.28 | ||
| Q3 24 | $-0.20 | $0.26 | ||
| Q2 24 | $-0.22 | $0.31 | ||
| Q1 24 | $-0.25 | $0.16 |
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 | — |
| Total DebtLower is stronger | — | $412.3M |
| Stockholders' EquityBook value | $-14.6M | $349.4M |
| Total Assets | $115.0M | $2.3B |
| Debt / EquityLower = less leverage | — | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $33.9M | — | ||
| Q3 25 | $39.0M | — | ||
| Q2 25 | $38.0M | — | ||
| Q1 25 | $42.3M | — | ||
| Q4 24 | $43.8M | — | ||
| Q3 24 | $48.7M | — | ||
| Q2 24 | $45.8M | — | ||
| Q1 24 | $44.8M | — |
| Q4 25 | — | $412.3M | ||
| Q3 25 | — | $469.1M | ||
| Q2 25 | — | $465.7M | ||
| Q1 25 | — | $395.9M | ||
| Q4 24 | — | $446.5M | ||
| Q3 24 | — | $560.1M | ||
| Q2 24 | — | $660.8M | ||
| Q1 24 | — | $634.2M |
| Q4 25 | $-14.6M | $349.4M | ||
| Q3 25 | $-11.4M | $345.5M | ||
| Q2 25 | $-7.5M | $341.5M | ||
| Q1 25 | $-4.8M | $341.4M | ||
| Q4 24 | $-1.2M | $339.1M | ||
| Q3 24 | $2.2M | $342.0M | ||
| Q2 24 | $5.3M | $334.9M | ||
| Q1 24 | $9.5M | $338.0M |
| Q4 25 | $115.0M | $2.3B | ||
| Q3 25 | $107.7M | $2.3B | ||
| Q2 25 | $106.9M | $2.3B | ||
| Q1 25 | $98.3M | $2.2B | ||
| Q4 24 | $106.1M | $2.2B | ||
| Q3 24 | $97.7M | $2.2B | ||
| Q2 24 | $96.4M | $2.3B | ||
| Q1 24 | $101.4M | $2.2B |
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | — | 1.64× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | 1.88× |
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 | $24.2M |
| Free Cash FlowOCF − Capex | $3.0M | $23.0M |
| FCF MarginFCF / Revenue | 15.1% | 61.9% |
| Capex IntensityCapex / Revenue | 0.7% | 3.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.3M | $43.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $24.2M | ||
| Q3 25 | $3.2M | $32.7M | ||
| Q2 25 | $-2.5M | $-38.4M | ||
| Q1 25 | $2.9M | $26.7M | ||
| Q4 24 | $-2.6M | $48.1M | ||
| Q3 24 | $1.1M | $74.1M | ||
| Q2 24 | $311.0K | $-39.5M | ||
| Q1 24 | $477.0K | $-9.9M |
| Q4 25 | $3.0M | $23.0M | ||
| Q3 25 | $2.5M | $32.4M | ||
| Q2 25 | $-2.8M | $-38.5M | ||
| Q1 25 | $2.7M | $26.5M | ||
| Q4 24 | $-2.7M | $47.0M | ||
| Q3 24 | $1.1M | $73.9M | ||
| Q2 24 | $264.0K | $-39.7M | ||
| Q1 24 | $281.0K | $-10.3M |
| Q4 25 | 15.1% | 61.9% | ||
| Q3 25 | 14.2% | 87.5% | ||
| Q2 25 | -17.2% | -101.2% | ||
| Q1 25 | 16.2% | 89.2% | ||
| Q4 24 | -17.3% | 147.5% | ||
| Q3 24 | 7.4% | 216.9% | ||
| Q2 24 | 1.8% | -106.7% | ||
| Q1 24 | 2.2% | -31.9% |
| Q4 25 | 0.7% | 3.1% | ||
| Q3 25 | 4.1% | 0.8% | ||
| Q2 25 | 2.2% | 0.2% | ||
| Q1 25 | 1.1% | 0.9% | ||
| Q4 24 | 0.3% | 3.5% | ||
| Q3 24 | 0.2% | 0.6% | ||
| Q2 24 | 0.3% | 0.4% | ||
| Q1 24 | 1.5% | 1.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.13× | ||
| Q2 25 | — | -4.98× | ||
| Q1 25 | — | 8.81× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 15.67× | ||
| Q2 24 | — | -6.92× | ||
| Q1 24 | — | -3.27× |
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% |
WSBF
Segment breakdown not available.
