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Side-by-side financial comparison of Arteris, Inc. (AIP) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
WEST BANCORPORATION INC is the larger business by last-quarter revenue ($26.9M vs $20.1M, roughly 1.3× Arteris, Inc.). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -42.2%, a 81.5% gap on every dollar of revenue. On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs 16.6%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $3.0M). Over the past eight quarters, Arteris, Inc.'s revenue compounded faster (24.7% CAGR vs 17.3%).
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...
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
AIP vs WTBA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $20.1M | $26.9M |
| Net Profit | $-8.5M | $10.6M |
| Gross Margin | 90.8% | — |
| Operating Margin | -42.0% | 50.0% |
| Net Margin | -42.2% | 39.2% |
| Revenue YoY | 30.0% | 16.6% |
| Net Profit YoY | -3.7% | 34.8% |
| EPS (diluted) | $-0.19 | $0.61 |
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.
| Q1 26 | — | $26.9M | ||
| Q4 25 | $20.1M | $24.2M | ||
| Q3 25 | $17.4M | $25.0M | ||
| Q2 25 | $16.5M | $23.8M | ||
| Q1 25 | $16.5M | $23.1M | ||
| Q4 24 | $15.5M | $20.9M | ||
| Q3 24 | $14.7M | $20.3M | ||
| Q2 24 | $14.6M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $-8.5M | $7.4M | ||
| Q3 25 | $-9.0M | $9.3M | ||
| Q2 25 | $-9.1M | $8.0M | ||
| Q1 25 | $-8.1M | $7.8M | ||
| Q4 24 | $-8.2M | $7.1M | ||
| Q3 24 | $-7.7M | $6.0M | ||
| Q2 24 | $-8.3M | $5.2M |
| Q1 26 | — | — | ||
| 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 26 | — | 50.0% | ||
| Q4 25 | -42.0% | 39.6% | ||
| Q3 25 | -50.1% | 45.8% | ||
| Q2 25 | -50.0% | 43.4% | ||
| Q1 25 | -46.6% | 43.4% | ||
| Q4 24 | -45.9% | 30.9% | ||
| Q3 24 | -53.8% | 36.6% | ||
| Q2 24 | -51.1% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | -42.2% | 30.7% | ||
| Q3 25 | -51.6% | 37.3% | ||
| Q2 25 | -55.3% | 33.5% | ||
| Q1 25 | -49.1% | 34.0% | ||
| Q4 24 | -53.0% | 34.0% | ||
| Q3 24 | -52.2% | 29.3% | ||
| Q2 24 | -57.2% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $-0.19 | $0.44 | ||
| Q3 25 | $-0.21 | $0.55 | ||
| Q2 25 | $-0.22 | $0.47 | ||
| Q1 25 | $-0.20 | $0.46 | ||
| Q4 24 | $-0.19 | $0.41 | ||
| Q3 24 | $-0.20 | $0.35 | ||
| Q2 24 | $-0.22 | $0.31 |
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 | $362.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-14.6M | $270.7M |
| Total Assets | $115.0M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $33.9M | $471.1M | ||
| Q3 25 | $39.0M | $232.9M | ||
| Q2 25 | $38.0M | $345.2M | ||
| Q1 25 | $42.3M | — | ||
| Q4 24 | $43.8M | $243.5M | ||
| Q3 24 | $48.7M | — | ||
| Q2 24 | $45.8M | — |
| Q1 26 | — | $270.7M | ||
| Q4 25 | $-14.6M | $266.0M | ||
| Q3 25 | $-11.4M | $255.1M | ||
| Q2 25 | $-7.5M | $240.9M | ||
| Q1 25 | $-4.8M | $237.9M | ||
| Q4 24 | $-1.2M | $227.9M | ||
| Q3 24 | $2.2M | $235.4M | ||
| Q2 24 | $5.3M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $115.0M | $4.1B | ||
| Q3 25 | $107.7M | $4.0B | ||
| Q2 25 | $106.9M | $4.1B | ||
| Q1 25 | $98.3M | $4.0B | ||
| Q4 24 | $106.1M | $4.0B | ||
| Q3 24 | $97.7M | $4.0B | ||
| Q2 24 | $96.4M | $4.0B |
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 | $12.9M |
| Free Cash FlowOCF − Capex | $3.0M | $12.4M |
| FCF MarginFCF / Revenue | 15.1% | 46.0% |
| Capex IntensityCapex / Revenue | 0.7% | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $5.3M | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $3.2M | $46.5M | ||
| Q3 25 | $3.2M | $11.4M | ||
| Q2 25 | $-2.5M | $13.5M | ||
| Q1 25 | $2.9M | $9.7M | ||
| Q4 24 | $-2.6M | $39.8M | ||
| Q3 24 | $1.1M | $12.9M | ||
| Q2 24 | $311.0K | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $3.0M | $43.2M | ||
| Q3 25 | $2.5M | $10.8M | ||
| Q2 25 | $-2.8M | $12.8M | ||
| Q1 25 | $2.7M | $8.3M | ||
| Q4 24 | $-2.7M | $13.7M | ||
| Q3 24 | $1.1M | $7.0M | ||
| Q2 24 | $264.0K | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | 15.1% | 178.3% | ||
| Q3 25 | 14.2% | 43.0% | ||
| Q2 25 | -17.2% | 53.6% | ||
| Q1 25 | 16.2% | 35.7% | ||
| Q4 24 | -17.3% | 65.6% | ||
| Q3 24 | 7.4% | 34.2% | ||
| Q2 24 | 1.8% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 0.7% | 13.7% | ||
| Q3 25 | 4.1% | 2.6% | ||
| Q2 25 | 2.2% | 3.2% | ||
| Q1 25 | 1.1% | 6.5% | ||
| Q4 24 | 0.3% | 125.3% | ||
| Q3 24 | 0.2% | 29.4% | ||
| Q2 24 | 0.3% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | — | 6.26× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.70× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 5.61× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 1.93× |
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% |
WTBA
Segment breakdown not available.
