Arteris (AIP)


Market Price (7/31/2026): $29.29 | Market Cap: $1.3 BilSector: Information Technology | Industry: Semiconductors

Arteris (AIP)


Market Price (7/31/2026): $29.29
Market Cap: $1.3 Bil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Electric Vehicles & Autonomous Driving. Themes include AI Chips, Edge AI, Show more.

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -34 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -44%

Stock price has recently run up significantly
12M Rtn12 month market price return is 180%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 25%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.1%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 70%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.0%

Key risks
AIP key risks include [1] its high revenue concentration and dependence on the product launch success of a few key customers, Show more.

0 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Electric Vehicles & Autonomous Driving. Themes include AI Chips, Edge AI, Show more.
1 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -34 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -44%
2 Stock price has recently run up significantly
12M Rtn12 month market price return is 180%
3 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 25%
4 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.1%
5 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 70%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.0%
7 Key risks
AIP key risks include [1] its high revenue concentration and dependence on the product launch success of a few key customers, Show more.

AIP in ETFs

Weight = AIP's share of each fund

VTI0.00%
ITOT0.00%
IWM0.04%
IWO0.07%
VTWO0.05%
IGV0.04%
IWN0.01%
IWV0.00%
+1 more covered ETF

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/30/2026

Arteris (AIP) stock has gained about 80% since 3/31/2026 because of the following key factors:

1. Arteris reported strong fiscal Q1 2026 financial results and provided optimistic future guidance.

The company announced its fiscal Q1 2026 earnings on May 12, 2026, significantly beating analyst expectations. Arteris reported an Earnings Per Share (EPS) of -$0.03, exceeding the consensus estimate of -$0.08 by 62.50%. Revenue for the quarter reached $22.94 million, surpassing analyst forecasts of $21.03 million. This represented a 39% year-over-year increase in revenue. Additionally, Annual Contract Value (ACV) plus royalties grew by 39% year-over-year to a record $92.8 million. Following these strong results, the company raised its full-year 2026 revenue guidance to $91 million-$95 million, indicating a 32% year-over-year growth at the midpoint, and projected profitability by fiscal Q4 2026.

2. Increased demand in high-growth markets, particularly AI and automotive, drove revenue growth.

Management attributed the robust fiscal Q1 2026 performance and positive outlook to strong demand for Arteris's semiconductor technology in key high-growth sectors. The company specifically highlighted increased traction from AI chips, data center infrastructure, and automotive systems as primary drivers for its growth. Arteris positions itself as a leading provider of semiconductor technology for accelerating innovation in the AI era.

Show more
Updated on 7/30/2026

Arteris (AIP) stock has gained about 80% since 3/31/2026 because of the following key factors:

1. Arteris reported strong fiscal Q1 2026 financial results and provided optimistic future guidance.

The company announced its fiscal Q1 2026 earnings on May 12, 2026, significantly beating analyst expectations. Arteris reported an Earnings Per Share (EPS) of -$0.03, exceeding the consensus estimate of -$0.08 by 62.50%. Revenue for the quarter reached $22.94 million, surpassing analyst forecasts of $21.03 million. This represented a 39% year-over-year increase in revenue. Additionally, Annual Contract Value (ACV) plus royalties grew by 39% year-over-year to a record $92.8 million. Following these strong results, the company raised its full-year 2026 revenue guidance to $91 million-$95 million, indicating a 32% year-over-year growth at the midpoint, and projected profitability by fiscal Q4 2026.

2. Increased demand in high-growth markets, particularly AI and automotive, drove revenue growth.

Management attributed the robust fiscal Q1 2026 performance and positive outlook to strong demand for Arteris's semiconductor technology in key high-growth sectors. The company specifically highlighted increased traction from AI chips, data center infrastructure, and automotive systems as primary drivers for its growth. Arteris positions itself as a leading provider of semiconductor technology for accelerating innovation in the AI era.

3. Analyst upgrades and increased price targets signal positive market sentiment.

Following the strong fiscal Q1 2026 results and strategic developments, several prominent financial analysts updated their ratings and significantly raised their price targets for Arteris (AIP). For instance, Oppenheimer initiated coverage on July 16, 2026, with an "outperform" rating and a $40.00 price target. On May 13, 2026, TD Cowen raised its price target from $22.00 to $40.00 while maintaining a "Buy" rating. Northland Securities set a $38.00 price target on May 13, 2026, and Jefferies Financial Group increased its price objective from $16.00 to $35.00. The consensus rating for Arteris among analysts is "Strong Buy," with an average price target of $38.20.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 78.2% change in AIP stock from 3/31/2026 to 7/30/2026 was primarily driven by a 70.2% change in the company's P/S Multiple.
(LTM values as of)33120267302026Change
Stock Price ($)16.4429.3078.2%
Change Contribution By: 
Total Revenues ($ Mil)71779.1%
P/S Multiple10.217.370.2%
Shares Outstanding (Mil)4446-4.0%
Cumulative Contribution78.2%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/30/2026
ReturnCorrelation
AIP78.2% 
Market (SPY)14.0%57.4%
Sector (XLK)32.2%75.4%

Fundamental Drivers

The 89.0% change in AIP stock from 12/31/2025 to 7/30/2026 was primarily driven by a 72.5% change in the company's P/S Multiple.
(LTM values as of)123120257302026Change
Stock Price ($)15.5029.3089.0%
Change Contribution By: 
Total Revenues ($ Mil)667716.8%
P/S Multiple10.017.372.5%
Shares Outstanding (Mil)4346-6.2%
Cumulative Contribution89.0%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/30/2026
ReturnCorrelation
AIP89.0% 
Market (SPY)9.1%62.0%
Sector (XLK)22.2%75.3%

Fundamental Drivers

The 207.5% change in AIP stock from 6/30/2025 to 7/30/2026 was primarily driven by a 173.0% change in the company's P/S Multiple.
(LTM values as of)63020257302026Change
Stock Price ($)9.5329.30207.5%
Change Contribution By: 
Total Revenues ($ Mil)617725.6%
P/S Multiple6.417.3173.0%
Shares Outstanding (Mil)4146-10.3%
Cumulative Contribution207.5%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/30/2026
ReturnCorrelation
AIP207.5% 
Market (SPY)21.1%45.8%
Sector (XLK)39.4%55.7%

Fundamental Drivers

The 329.6% change in AIP stock from 6/30/2023 to 7/30/2026 was primarily driven by a 280.4% change in the company's P/S Multiple.
(LTM values as of)63020237302026Change
Stock Price ($)6.8229.30329.6%
Change Contribution By: 
Total Revenues ($ Mil)527748.7%
P/S Multiple4.617.3280.4%
Shares Outstanding (Mil)3546-24.0%
Cumulative Contribution329.6%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/30/2026
ReturnCorrelation
AIP329.6% 
Market (SPY)73.2%47.7%
Sector (XLK)105.9%52.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
AIP Return16%-80%37%73%52%74%48%
Peers Return22%-6%16%-5%6%10%48%
S&P 500 Return27%-19%24%23%16%7%95%

Monthly Win Rates [3]
AIP Win Rate67%17%50%67%67%57% 
Peers Win Rate52%40%52%44%50%43% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
AIP Max Drawdown--84%-45%-29%-54%-45% 
Peers Max Drawdown-27%-39%-38%-35%-42%-30% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: QCOM, FSLR, SLAB, POWI, CBRS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/30/2026 (YTD)

How Low Can It Go

EventAIPS&P 500
2025 US Tariff Shock
  % Loss-44.0%-18.8%
  % Gain to Breakeven78.7%23.1%
  Time to Breakeven112 days79 days
2024 Yen Carry Trade Unwind
  % Loss-13.5%-7.8%
  % Gain to Breakeven15.5%8.5%
  Time to Breakeven13 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-39.1%-9.5%
  % Gain to Breakeven64.1%10.5%
  Time to Breakeven96 days24 days
2023 SVB Regional Banking Crisis
  % Loss-37.6%-6.7%
  % Gain to Breakeven60.3%7.1%
  Time to Breakeven35 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-75.7%-24.5%
  % Gain to Breakeven312.4%32.4%
  Time to Breakeven1273 days427 days

Compare to QCOM, FSLR, SLAB, POWI, CBRS

In The Past

Arteris's stock fell -44.0% during the 2025 US Tariff Shock. Such a loss loss requires a 78.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventAIPS&P 500
2025 US Tariff Shock
  % Loss-44.0%-18.8%
  % Gain to Breakeven78.7%23.1%
  Time to Breakeven112 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-39.1%-9.5%
  % Gain to Breakeven64.1%10.5%
  Time to Breakeven96 days24 days
2023 SVB Regional Banking Crisis
  % Loss-37.6%-6.7%
  % Gain to Breakeven60.3%7.1%
  Time to Breakeven35 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-75.7%-24.5%
  % Gain to Breakeven312.4%32.4%
  Time to Breakeven1273 days427 days

Compare to QCOM, FSLR, SLAB, POWI, CBRS

In The Past

Arteris's stock fell -44.0% during the 2025 US Tariff Shock. Such a loss loss requires a 78.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Arteris (AIP)

Arteris, Inc. (AIP) specializes in providing crucial intellectual property (IP) and software solutions for semiconductor design, particularly for complex System-on-Chip (SoC) architectures. The company develops and licenses "on-chip interconnect fabric" technology, which acts as the internal communication backbone, or Network-on-Chip (NoC), within these advanced integrated circuits. Essentially, Arteris helps chip designers create efficient and reliable communication pathways between various functional blocks within a single chip.

Arteris's core product offerings include a suite of silicon-proven interconnect IP products such as FlexNoC, which provides a flexible interconnect fabric, and Ncore, a cache-coherent interconnect IP designed for scalability. They also offer specialized IP like CodaCache for last-level cache memory and FlexNoC Resilience Package for on-chip data protection. Beyond IP, Arteris provides essential IP deployment software solutions, including tools like the Physical interconnect aware NoC optimizer, which helps predict physical layout effects, and FlexNoC Physical, which bridges architectural design with physical implementation.

The company serves a broad and high-growth customer base across various technology sectors. Its interconnect IP and solutions are critical for companies in the automotive industry, artificial intelligence (AI)/machine learning, 5G and wireless communications, data centers, and consumer electronics markets. Arteris operates globally, with customers spanning the Americas, Asia Pacific, Europe, and the Middle East, reflecting the widespread need for sophisticated on-chip communication solutions in modern electronics.

AI Analysis | Feedback

  • Arteris is like ARM Holdings (whose designs power most smartphones and tablets) but for the crucial internal communication systems and data highways *within* complex semiconductor chips.
  • Think of Arteris as providing the internal "traffic control system" or "data network" *inside* advanced computer chips, much like Cisco Systems builds and manages networks for computers and servers to communicate *with each other*.

AI Analysis | Feedback

  • FlexNoC: A silicon-proven interconnect IP product used for System-on-Chip (SoC) designs.
  • FlexNoC Resilience Package: An on-chip data protection package that complements FlexNoC interconnect IP.
  • Ncore: A silicon-proven and cache coherent interconnect IP product offering scalable, configurable, and area-efficient characteristics.
  • CodaCache: A last-level cache semiconductor IP product.
  • Physical interconnect aware NoC optimizer: A software tool that estimates physical layout effects during the architecture and logic development stages of an SoC interconnect design.
  • FlexWay: An IP product designed for IP subsystem interconnect.
  • FlexPSI: An IP product for establishing all-digital inter-chip links.
  • FlexNoC Physical: A product that facilitates linking physical placement and routing tools.
  • IP deployment software solutions: A suite of software solutions including specification, design, documentation, AI package, design data intelligence, and harmony trace.

AI Analysis | Feedback

```html

Arteris (AIP) sells primarily to other companies. The provided background information does not explicitly list the names of its major customer companies. However, it does specify the markets in which its customers operate, indicating that its customers are companies involved in the following sectors:

  • Automotive: Companies manufacturing vehicles or developing automotive electronics and systems.
  • AI/Machine Learning: Companies creating hardware or software solutions for artificial intelligence and machine learning applications.
  • 5G and Wireless Communications: Companies involved in developing and deploying 5G and other wireless communication technologies and devices.
  • Data Centers: Companies providing infrastructure, hardware, or services for data centers.
  • Consumer Electronics: Companies designing and manufacturing various consumer electronic devices.
```

AI Analysis | Feedback

null

AI Analysis | Feedback

K. Charles Janac, Chairman, President and Chief Executive Officer Mr. Janac has served as Chairman, President, and Chief Executive Officer of Arteris since July 2005. His career spans over 30 years across multiple industries including electronic design automation, semiconductor capital equipment, nano-technology, industrial polymers, and venture capital. Prior to Arteris, he co-founded SDA, Inc., a predecessor to Cadence Design Systems, Inc.. He also founded Smart Machines, a semiconductor automation equipment manufacturer, which he later sold to Brooks Automation (NASDAQ: BRKS). Mr. Janac served as president of HLD Systems and as president and CEO of Nanomix. He also held leadership roles at Giga Scale IC, Chips and Technologies, and VLSI Technology. He was an Entrepreneur-in-Residence at Infinity Capital, an early-stage Venture Capital firm. Nick Hawkins, EVP and Chief Financial Officer Mr. Hawkins serves as Executive Vice President and Chief Financial Officer at Arteris. With a career spanning over 30 years, he has worked in various sectors including Chemicals/Pharmaceuticals, Food, Consulting, Media, and Semiconductors. He has held CFO positions for over 20 years in a range of companies, from startups to multi-billion-dollar enterprises, including privately-owned, private equity-backed, and publicly traded companies. Most recently, he was the CFO of Corsair Gaming. He is a Fellow Chartered Accountant (FCA) with the Institute of Chartered Accountants in England & Wales. Dr. Laurent R. Moll, EVP Engineering and Chief Operating Officer Dr. Moll is the Executive Vice President of Engineering and Chief Operating Officer at Arteris. Paul L. Alpern, EVP, Chief Legal Officer and Corporate Secretary Mr. Alpern holds the titles of Executive Vice President, Chief Legal Officer, and Corporate Secretary at Arteris. He is also noted as Executive Vice President and General Counsel. Michal Siwinski, EVP, Chief Product Officer and Chief Marketing Officer Mr. Siwinski serves as Executive Vice President, Chief Product Officer, and Chief Marketing Officer for Arteris.

AI Analysis | Feedback

```html

Arteris, Inc. (AIP) faces several key risks to its business, primarily stemming from its financial performance, its business model's reliance on customer success, and geopolitical factors.

Key Risks to Arteris (AIP)

  1. Challenges in Achieving and Sustaining Profitability: Arteris has consistently reported operating and net losses despite increasing revenues, driven by substantial investments in research and development to remain competitive. The company's financial health indicators, such as a negative operating margin and a low Altman Z-Score, highlight the challenge of transitioning to sustained profitability and managing its cash burn.
  2. Dependence on Customer Product Success and Royalty Revenue Lag: A significant portion of Arteris's potential revenue, particularly its highly profitable royalty streams, is directly tied to the success of its customers' products in the market and their subsequent volume sales. There is a considerable time delay between the initial licensing of its intellectual property (IP) and the realization of meaningful royalty income. Delays in customer product launches or their failure to achieve market adoption can significantly impact Arteris's revenue. Additionally, the company exhibits reliance on a limited number of key licensees.
  3. Geopolitical Risks and Exposure to the Chinese Market: Arteris operates globally, with a notable portion of its revenue originating from the Asia Pacific region, including China. This international exposure makes the company vulnerable to various geopolitical risks, such as military conflicts, changes in U.S. trade policies, tariffs, and export restrictions. Specifically, its significant reliance on the Chinese market, which constitutes a notable percentage of its revenues, makes it susceptible to trade disputes and regulatory changes that could adversely affect its revenue and market access.
```

AI Analysis | Feedback

null

AI Analysis | Feedback

Arteris (AIP) operates within several significant addressable markets related to semiconductor intellectual property (IP) and System-on-Chip (SoC) design.

  • Network-on-Chip (NoC) Interconnect IP: Arteris's core NoC interconnect IP products, such as FlexNoC, address the global Network-on-Chip market. This market was valued at approximately $3.73 billion globally in 2025 and is projected to grow to $7.89 billion by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of 10.5% from 2025 to 2033. Another estimate places the global NoC market at $5 billion in 2025, with a projection to reach $15 billion by 2033 at a CAGR of 15%. A third source indicates the market was valued at USD 1.2 billion in 2023 and is projected to reach USD 4.5 billion by 2031, growing at a CAGR of 18%. Arteris is recognized as a key player in this market. The increasing complexity of System-on-Chip (SoC) designs drives the adoption of NoC interconnects.

  • Semiconductor Interconnect Market (Broader Category): This market, which includes Arteris's interconnect solutions, was valued at approximately USD 12.3 billion globally in 2024 and is projected to reach USD 20.5 billion by 2030, growing at a CAGR of 8.5%. The Asia Pacific region holds the largest share, with North America also being a dominant player.

  • Semiconductor IP Market (Overall): Arteris's offerings fall under the broader semiconductor IP market. This global market was valued at approximately USD 5.9 billion in 2024 and is poised to grow to USD 11.56 billion by 2033, at a CAGR of 8.6%. Other reports indicate the global semiconductor IP market size was valued at USD 6.25 billion in 2025 and is estimated to increase to USD 12.60 billion by 2034, with a CAGR of 8.10%. Another projection values the market at approximately USD 8.8 billion in 2024 and forecasts it to reach around USD 35.7 billion by 2034, with a CAGR of 15.1%. The Asia Pacific region dominated this market with a 52.63% share in 2025.

  • System-on-Chip (SoC) Market: Arteris's IP products are crucial for the design and deployment of SoCs. The global System-on-Chip market was valued at USD 173.91 billion in 2026 and is expected to grow at a CAGR of 7.46% to reach USD 249.19 billion by 2031. Other analyses show the global SoC market size was valued at USD 228.06 billion in 2025 and is projected to reach nearly USD 391.61 billion by 2032, growing at a CAGR of 8.03%. The Asia Pacific SoC market held a 37.6% revenue share in 2024, while North America accounted for nearly 22% of the global revenue share in 2023.

  • Chiplet Market: Arteris's technologies, particularly FlexNoC and NCore, are positioned to address the complexity of chiplet architectures. The chiplet market is expected to reach $157 billion by 2030.

AI Analysis | Feedback

Arteris (AIP) is expected to drive future revenue growth over the next 2-3 years through several key factors:

  1. Accelerated adoption in AI-enabled systems and advanced computing: The increasing demand for high-performance computing in artificial intelligence (AI) applications, including data centers and edge computing, is a significant growth driver. Arteris's Network-on-Chip (NoC) interconnect technology is crucial for managing the complex data movement in these AI-driven chips and chiplets, leading to accelerating adoption and rising production volumes.
  2. Expansion into chiplet and multi-die architectures: The semiconductor industry's shift towards more complex, multi-die architectures and chiplet-based designs is creating a greater need for Arteris's interconnect solutions. Its technology is proven to address the associated interconnect challenges, leading to new design wins and volume deployments in this rapidly growing market segment.
  3. Strategic acquisition of Cycuity and expansion into semiconductor cybersecurity: The acquisition of Cycuity in January 2026 broadens Arteris's product portfolio to include semiconductor cybersecurity assurance technology. This addresses a critical and growing industry concern regarding silicon security vulnerabilities, enhancing Arteris's market reach and product value.
  4. Growth in variable royalty revenue and expanding customer base: Arteris anticipates continued growth in its variable royalty revenue stream, driven by increasing production volumes from its licensees across diverse markets such as automotive, enterprise computing, and consumer electronics. The company is also actively expanding its clientele and strengthening partnerships with major clients like AMD and NXP Semiconductors, translating into increased licensing activity and a broader customer base.
  5. Innovation and new product launches, particularly FlexGen and Armv9 solutions: Arteris continues to introduce innovative products and expand its solutions. The FlexGen AI-driven Smart NoC IP, which uses AI-driven heuristics to optimize chip design and reduce power consumption, has seen strong adoption. Additionally, expanded solutions tailored for the Armv9 architecture are accelerating the development of cutting-edge automotive technologies, supporting new possibilities in autonomous driving and advanced driver-assistance systems.

AI Analysis | Feedback

Share Issuance

  • Arteris completed its Initial Public Offering (IPO) on October 27, 2021, selling 5,000,000 shares at $14.00 per share, which generated gross proceeds of $70.0 million. The underwriters were also granted a 30-day option to purchase up to an additional 750,000 shares.
  • As of December 31, 2025, Arteris filed a Registration Statement on Form S-3 to offer up to $200 million in securities and entered into an Open Market Sales Agreement for the sale of common stock totaling up to $75 million, aimed at ensuring liquidity and financial flexibility.
  • The number of issued and outstanding common shares has progressively increased, from 34,625,875 as of December 31, 2022, to 40,724,936 as of December 31, 2024, and further to 44,268,816 by December 31, 2025.

Outbound Investments

  • In January 2023, Arteris acquired Semifore, Inc., a provider of hardware/software interface (HSI) development tools.
  • Arteris entered into a definitive agreement on December 11, 2025, to acquire Cycuity, Inc. for $45 million, with the aim of enhancing its semiconductor cybersecurity assurance product portfolio.
  • The acquisition of Cycuity officially closed on January 14, 2026, integrating semiconductor cybersecurity assurance technology into Arteris' product offerings.

Capital Expenditures

  • Capital expenditures for the twelve months ending December 31, 2023, were approximately $1.310 million, primarily allocated to purchases of property and equipment.
  • For the twelve months ending December 31, 2024, capital expenditures were approximately $1.326 million, also mainly for purchases of property and equipment.
  • The company projects capital expenditures of approximately $1 million for 2025, increasing to an estimated $2 million for 2026.

Better Bets vs. Arteris (AIP)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

AIPQCOMFSLRSLABPOWICBRSMedian
NameArteris Qualcomm First So.Silicon .Power In.Cerebras. 
Mkt Price29.30151.60206.01216.9360.87203.07177.33
Mkt Cap1.3160.222.17.23.4-7.2
Rev LTM7744,0695,419821446-821
Op Inc LTM-3410,2581,721-5611-11
FCF LTM-510,4161,6681885-85
FCF 3Y Avg-411,53556167-56
CFO LTM-312,4012,45053105-105
CFO 3Y Avg-312,9031,2322387-87

Growth & Margins

AIPQCOMFSLRSLABPOWICBRSMedian
NameArteris Qualcomm First So.Silicon .Power In.Cerebras. 
Rev Chg LTM25.6%1.9%27.3%25.1%3.1%-25.1%
Rev Chg 3Y Avg14.5%4.8%24.7%-3.6%-7.2%-4.8%
Rev Chg Q38.7%-4.0%23.6%20.1%2.6%-20.1%
QoQ Delta Rev Chg LTM9.1%-0.9%3.8%4.6%0.6%-3.8%
Op Inc Chg LTM-13.2%-15.9%25.3%59.9%-53.9%--13.2%
Op Inc Chg 3Y Avg-4.2%-0.6%231.9%-57.5%-50.2%--4.2%
Op Mgn LTM-44.4%23.3%31.8%-6.8%2.5%-2.5%
Op Mgn 3Y Avg-53.3%25.6%31.7%-14.6%5.0%-5.0%
QoQ Delta Op Mgn LTM2.6%-2.3%1.2%2.2%0.2%-1.2%
CFO/Rev LTM-4.1%28.1%45.2%6.4%23.6%-23.6%
CFO/Rev 3Y Avg-4.8%31.3%26.2%2.9%20.0%-20.0%
FCF/Rev LTM-6.1%23.6%30.8%2.1%18.9%-18.9%
FCF/Rev 3Y Avg-6.6%28.1%-2.3%-0.1%15.3%--0.1%

Valuation

AIPQCOMFSLRSLABPOWICBRSMedian
NameArteris Qualcomm First So.Silicon .Power In.Cerebras. 
Mkt Cap1.3160.222.17.23.4-7.2
P/S17.33.64.18.77.6-7.6
P/Op Inc-39.115.612.9-128.7303.5-12.9
P/EBIT-41.813.512.6-169.8303.5-12.6
P/E-38.617.313.3-142.1203.5-13.3
P/CFO-418.512.99.0136.232.1-12.9
Total Yield-2.6%8.2%7.5%-0.7%1.9%-1.9%
Dividend Yield0.0%2.4%0.0%0.0%1.4%-0.0%
FCF Yield 3Y Avg-0.9%5.9%-0.4%-0.3%1.7%--0.3%
D/E0.00.10.00.00.0-0.0
Net D/E-0.00.0-0.1-0.1-0.1--0.1

Returns

AIPQCOMFSLRSLABPOWICBRSMedian
NameArteris Qualcomm First So.Silicon .Power In.Cerebras. 
1M Rtn-39.7%-18.0%-12.7%-0.7%-27.3%-8.1%-15.3%
3M Rtn1.2%-15.3%2.0%-0.4%-16.1%-34.7%-7.8%
6M Rtn87.1%0.6%-8.0%48.0%30.1%-34.7%15.3%
12M Rtn180.4%-2.7%15.0%60.2%24.8%-34.7%19.9%
3Y Rtn286.0%22.4%-0.7%45.5%-34.6%-34.7%10.9%
1M Excs Rtn-38.9%-17.1%-11.9%0.1%-26.5%-7.3%-14.5%
3M Excs Rtn4.2%-6.7%3.9%-4.3%-16.7%-38.9%-5.5%
6M Excs Rtn75.2%-6.3%-24.0%43.8%24.5%-41.3%9.1%
12M Excs Rtn159.7%-21.2%-3.4%41.5%5.4%-51.5%1.0%
3Y Excs Rtn243.0%-33.5%-59.8%-26.2%-94.5%-97.6%-46.7%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Licensing, support and maintenance6453484635
Variable royalties74533
Other01010
Total7158545038


Price Behavior

Price Behavior
Market Price$29.30 
Market Cap ($ Bil)1.3 
First Trading Date10/27/2021 
Distance from 52W High-39.7% 
   50 Days200 Days
DMA Price$36.04$22.24
DMA Trendupup
Distance from DMA-18.7%31.7%
 3M1YR
Volatility95.2%94.4%
Downside Capture525.26348.22
Upside Capture467.22407.61
Correlation (SPY)58.0%47.1%
AIP Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta3.893.983.343.453.272.44
Up Beta3.563.752.513.333.272.38
Down Beta2.202.112.732.583.202.19
Up Capture868%921%1028%1335%2004%11128%
Bmk +ve Days11244067140429
Stock +ve Days12234175137378
Down Capture250%309%237%207%172%112%
Bmk -ve Days10172358112321
Stock -ve Days9182250114362

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AIP
AIP177.5%94.2%1.49-
Sector ETF (XLK)33.8%25.6%1.1056.3%
Equity (SPY)17.8%12.9%1.0147.5%
Gold (GLD)23.3%28.1%0.7317.8%
Commodities (DBC)29.4%19.7%1.19-2.2%
Real Estate (VNQ)12.7%13.9%0.626.4%
Bitcoin (BTCUSD)-46.2%42.9%-1.3228.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AIP
AIP9.5%81.3%0.47-
Sector ETF (XLK)19.0%25.7%0.6647.7%
Equity (SPY)12.7%17.1%0.5742.8%
Gold (GLD)17.4%18.4%0.769.9%
Commodities (DBC)9.0%19.5%0.355.7%
Real Estate (VNQ)2.8%18.9%0.0524.8%
Bitcoin (BTCUSD)14.5%53.3%0.4520.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AIP
AIP4.7%81.3%0.47-
Sector ETF (XLK)23.9%24.9%0.8747.7%
Equity (SPY)14.9%17.9%0.7142.8%
Gold (GLD)11.6%16.1%0.599.9%
Commodities (DBC)7.2%18.0%0.325.7%
Real Estate (VNQ)5.0%20.7%0.2024.8%
Bitcoin (BTCUSD)57.8%66.2%0.9820.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity2.6 Mil
Short Interest: % Change Since 6302026-7.3%
Average Daily Volume0.9 Mil
Days-to-Cover Short Interest2.9 days
Basic Shares Quantity45.5 Mil
Short % of Basic Shares5.8%

Earnings Returns History

Updated 6/14/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/12/20269.6%6.0%15.0%
2/12/2026-2.0%-1.3%1.9%
11/4/202526.1%25.9%42.5%
8/5/2025-24.0%-23.4%-32.0%
5/13/2025-10.1%-11.7%1.4%
2/18/2025-1.5%-12.3%-21.9%
11/5/202418.7%16.2%23.9%
8/1/2024-1.6%-6.7%12.9%
...
SUMMARY STATS   
# Positive6710
# Negative11107
Median Positive18.1%11.5%14.0%
Median Negative-3.4%-6.0%-21.9%
Max Positive38.4%42.0%75.9%
Max Negative-24.0%-23.4%-36.8%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/12/20269.6%6.0%15.0%
2/12/2026-2.0%-1.3%1.9%
11/4/202526.1%25.9%42.5%
8/5/2025-24.0%-23.4%-32.0%
5/13/2025-10.1%-11.7%1.4%
2/18/2025-1.5%-12.3%-21.9%
11/5/202418.7%16.2%23.9%
8/1/2024-1.6%-6.7%12.9%
5/2/202438.4%42.0%30.9%
2/20/2024-0.4%-4.5%0.3%
5/4/202317.5%11.5%75.9%
2/28/2023-16.9%-22.2%-36.8%
11/8/2022-7.6%8.4%-18.8%
8/9/2022-0.9%-4.5%-16.1%
5/10/2022-3.4%-5.2%-1.7%
3/3/20224.0%2.8%1.1%
11/30/2021-17.1%-1.5%-23.3%
SUMMARY STATS   
# Positive6710
# Negative11107
Median Positive18.1%11.5%14.0%
Median Negative-3.4%-6.0%-21.9%
Max Positive38.4%42.0%75.9%
Max Negative-24.0%-23.4%-36.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/12/202610-Q
12/31/202502/12/202610-K
09/30/202511/04/202510-Q
06/30/202508/05/202510-Q
03/31/202505/13/202510-Q
12/31/202402/18/202510-K
09/30/202411/05/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202302/20/202410-K
09/30/202311/07/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202203/01/202310-K
09/30/202211/08/202210-Q
06/30/202208/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/12/202610-Q
12/31/202502/12/202610-K
09/30/202511/04/202510-Q
06/30/202508/05/202510-Q
03/31/202505/13/202510-Q
12/31/202402/18/202510-K
09/30/202411/05/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202302/20/202410-K
09/30/202311/07/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202203/01/202310-K
09/30/202211/08/202210-Q
06/30/202208/09/202210-Q
03/31/202205/10/202210-Q
12/31/202103/07/202210-K
09/30/202112/01/202110-Q
06/30/202110/28/2021424B4

Recent Forward Guidance

Updated 7/27/2026

Latest: Q1 2026 Earnings Reported 5/12/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 ACV + royalties95.00 Mil97.00 Mil99.00 Mil11.5% Higher NewGuidance: 87.00 Mil for Q1 2026
Q2 2026 Revenue23.00 Mil23.50 Mil24.00 Mil11.9% Higher NewGuidance: 21.00 Mil for Q1 2026
Q2 2026 Non-GAAP operating loss-3.00 Mil-2.50 Mil-2.00 Mil-16.7% Higher NewGuidance: -3.00 Mil for Q1 2026
Q2 2026 Free cash flow2.00 Mil5.00 Mil8.00 Mil  Higher NewGuidance: 0 for Q1 2026
2026 ACV + royalties102.00 Mil104.00 Mil106.00 Mil2.0% RaisedGuidance: 102.00 Mil for 2026
2026 Revenue91.00 Mil93.00 Mil95.00 Mil2.2% RaisedGuidance: 91.00 Mil for 2026
2026 Non-GAAP operating loss-8.50 Mil-6.50 Mil-4.50 Mil-7.1% RaisedGuidance: -7.00 Mil for 2026
2026 Free cash flow5.00 Mil7.00 Mil9.00 Mil0 AffirmedGuidance: 7.00 Mil for 2026

Prior: Q4 2025 Earnings Reported 2/12/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 ACV + royalties85.00 Mil87.00 Mil89.00 Mil14.5% Higher NewActual: 76.00 Mil for Q4 2025
Q1 2026 Revenue20.50 Mil21.00 Mil21.50 Mil12.9% Higher NewActual: 18.60 Mil for Q4 2025
Q1 2026 Non-GAAP operating loss-3.50 Mil-3.00 Mil-2.50 Mil7.1% Lower NewActual: -2.80 Mil for Q4 2025
Q1 2026 Free cash flow-1.50 Mil01.50 Mil-100.0% Lower NewActual: 1.70 Mil for Q4 2025
2026 ACV + royalties100.00 Mil102.00 Mil104.00 Mil34.2% Higher NewActual: 76.00 Mil for 2025
2026 Revenue89.00 Mil91.00 Mil93.00 Mil31.9% Higher NewActual: 69.00 Mil for 2025
2026 Non-GAAP operating loss-9.00 Mil-7.00 Mil-5.00 Mil-46.2% Higher NewActual: -13.00 Mil for 2025
2026 Free cash flow5.00 Mil7.00 Mil9.00 Mil75.0% Higher NewActual: 4.00 Mil for 2025

Q3 2025 Earnings Reported 11/4/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 ACV + royalties74.00 Mil76.00 Mil78.00 Mil7.0% Higher NewGuidance: 71.00 Mil for Q3 2025
Q4 2025 Revenue18.40 Mil18.60 Mil18.80 Mil9.4% Higher NewGuidance: 17.00 Mil for Q3 2025
Q4 2025 Non-GAAP operating loss-3.30 Mil-2.80 Mil-2.30 Mil-20.0% Higher NewGuidance: -3.50 Mil for Q3 2025
Q4 2025 Free cash flow0.20 Mil1.70 Mil3.20 Mil-15.0% Lower NewGuidance: 2.00 Mil for Q3 2025
2025 ACV + royalties74.00 Mil76.00 Mil78.00 Mil1.3% RaisedGuidance: 75.00 Mil for 2025
2025 Revenue68.80 Mil69.00 Mil69.20 Mil1.5% RaisedGuidance: 68.00 Mil for 2025
2025 Non-GAAP operating loss-13.50 Mil-13.00 Mil-12.50 Mil0 AffirmedGuidance: -13.00 Mil for 2025
2025 Free cash flow2.50 Mil4.00 Mil5.50 Mil0 AffirmedGuidance: 4.00 Mil for 2025

Insider Activity

Updated 7/9/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Janac, K CharlesPresident and CEODirectSell708202635.9010,679383,4076,288,327Form
2Janac, K CharlesPresident and CEOBayview LegacySell708202635.79125,9764,509,185301,710,162Form
3Bayview, Legacy, LlcSee FootnoteSell708202635.79125,9764,509,185301,710,162Form
4Alpern, Paul LVP and General CounselDirectSell708202635.916,003215,5872,540,254Form
5Janac, K CharlesPresident and CEODirectSell706202638.7810,902422,7577,205,981Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Janac, K CharlesPresident and CEODirectSell708202635.9010,679383,4076,288,327Form
2Janac, K CharlesPresident and CEOBayview LegacySell708202635.79125,9764,509,185301,710,162Form
3Bayview, Legacy, LlcSee FootnoteSell708202635.79125,9764,509,185301,710,162Form
4Alpern, Paul LVP and General CounselDirectSell708202635.916,003215,5872,540,254Form
5Janac, K CharlesPresident and CEODirectSell706202638.7810,902422,7577,205,981Form
6Janac, K CharlesPresident and CEOBayview LegacySell706202636.32192,6866,998,654310,732,554Form
7Bayview, Legacy, LlcSee FootnoteSell706202636.32192,6866,998,654310,732,554Form
8Moll, Laurent RChief Operating OfficerDirectSell706202638.785,599217,1178,596,944Form
9Alpern, Paul LVP and General CounselDirectSell706202638.783,648141,4622,975,661Form
10Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell706202638.785,377208,5094,000,793Form
11Alpern, Paul LVP and General CounselDirectSell702202645.466,500295,5143,654,552Form
12Bayview, Legacy, LlcSee FootnoteSell702202645.46181,3388,243,334397,657,891Form
13Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell702202645.3970,0003,176,9803,176,980Form
14Janac, K CharlesPresident and CEOBayview LegacySell702202645.46181,3388,243,334397,657,891Form
15Moll, Laurent RChief Operating OfficerDirectSell617202643.1539,5411,706,1949,807,822Form
16Bayview, Legacy, LlcSee FootnoteSell610202634.9170,0002,443,433311,679,755Form
17Janac, K CharlesPresident and CEOBayview Legacy, LLCSell610202634.9170,0002,443,433311,679,755Form
18Viana, Antonio JViana Family TrustSell605202636.5120,839760,8802,359,425Form
19Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell604202637.3920,839779,1745,234,629Form
20Alpern, Paul LVP and General CounselDirectSell603202636.0212,502450,2862,895,199Form
21Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell603202636.0270,0002,521,1035,042,206Form
22Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell528202637.753,000113,2544,097,877Form
23Cantwell, Wayne CThe Cantwell Living TrustSell527202637.2338,5001,433,1667,061,527Form
24Viana, Antonio JViana Family TrustSell514202638.0020,000760,0002,455,560Form
25Viana, Antonio JViana Family TrustSell514202634.3520,000686,9632,906,542Form
26Bayview, Legacy, LlcSee FootnoteSell512202631.2070,0002,183,986282,329,205Form
27Janac, K CharlesPresident and CEOBayview Legacy, LLCSell512202631.2070,0002,183,986282,329,205Form
28Viana, Antonio J Viana Family TrustSell507202630.0720,000601,4643,146,258Form
29Chitkara, Raman DirectSell507202630.055,000150,2684,293,668Form
30Raza, Saiyed Atiq Saiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell504202628.7190,0002,584,1706,029,730Form
31Viana, Antonio JViana Family TrustSell428202626.1120,000522,2343,254,040Form
32Chitkara, RamanDirectSell428202625.065,000125,2903,705,236Form
33Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell421202622.1617,060378,0846,648,600Form
34Viana, Antonio JViana Family TrustSell421202622.1120,000442,1683,197,317Form
35Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell421202622.1672,9401,616,2707,025,701Form
36Moll, Laurent RChief Operating OfficerDirectSell416202620.0313,448269,3815,318,911Form
37Chitkara, RamanDirectSell414202620.055,000100,2543,065,106Form
38Moll, Laurent RChief Operating OfficerDirectSell414202619.901,00319,9605,551,682Form
39Moll, Laurent RChief Operating OfficerDirectSell414202619.9099019,7015,571,642Form
40Janac, K CharlesPresident and CEOBayview Legacy, LLCSell410202619.0470,0001,332,786173,625,288Form
41Bayview, Legacy, LlcSee FootnoteSell409202619.0470,0001,332,786173,625,288Form
42Janac, K CharlesPresident and CEODirectSell406202618.3411,800216,4053,607,892Form
43Moll, Laurent RChief Operating OfficerDirectSell406202618.231,55228,2935,122,120Form
44Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell406202617.654,87085,9692,093,869Form
45Janac, K CharlesPresident and CEODirectSell406202617.659,009159,0343,681,121Form
46Alpern, Paul LVP and General CounselDirectSell406202617.653,64964,4151,524,955Form
47Moll, Laurent RChief Operating OfficerDirectSell406202617.655,60298,8914,987,340Form
48Bayview, Legacy, Llc See FootnoteSell327202618.3532,988605,191168,580,859Form
49Janac, K CharlesPresident and CEOBayview Legacy, LLCSell327202618.3532,988605,191168,580,859Form
50Bayview, Legacy, Llc See FootnoteSell327202618.037,012126,433166,282,024Form
51Janac, K CharlesPresident and CEOBayview Legacy, LLCSell327202618.037,012126,433166,282,024Form
52Bayview, Legacy, LlcSee FootnoteSell311202614.669,000131,967135,325,868Form
53Janac, K CharlesPresident and CEOBayview Legacy, LLCSell311202614.669,000131,967135,325,868Form
54Bayview, Legacy, LlcSee FootnoteSell311202614.2141,000582,626131,276,684Form
55Janac, K CharlesPresident and CEOBayview Legacy, LLCSell311202614.2141,000582,626131,276,684Form
56Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell304202617.023,69062,7866,635,967Form
57Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell304202617.21106,0311,825,0806,776,468Form
58Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell227202617.0111,762200,0478,499,205Form
59Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell227202617.1473,6101,261,7938,767,637Form
60Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell227202617.004,90783,4199,946,640Form
61Bayview, Legacy, LlcSee FootnoteSell211202615.032,75641,429140,537,105Form
62Janac, K CharlesPresident and CEOBayview Legacy, LLCSell211202615.032,75641,429140,537,105Form
63Bayview, Legacy, LlcSee FootnoteSell211202615.2147,244718,359142,197,335Form
64Janac, K CharlesPresident and CEOBayview Legacy, LLCSell211202615.2147,244718,359142,197,335Form
65Alpern, Paul LVP and General CounselDirectSell204202615.485,00077,376892,151Form
66Bayview, Legacy, LlcSee FootnoteSell120202617.8417,884318,974167,639,011Form
67Janac, K CharlesPresident and CEOBayview Legacy, LLCSell120202617.8417,884318,974167,639,011Form
68Janac, K CharlesPresident and CEOBayview Legacy, LLCSell112202616.5850,000829,155156,197,396Form
69Bayview, Legacy, LlcSee FootnoteSell112202616.5850,000829,155156,197,396Form
70Janac, K CharlesPresident and CEODirectSell106202615.457,823120,8432,326,828Form
71Moll, Laurent RChief Operating OfficerDirectSell106202615.455,37382,9973,892,561Form
72Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell106202615.454,47269,0791,358,711Form
73Alpern, Paul LVP and General CounselDirectSell106202615.458,309128,368957,364Form
74Moll, Laurent RChief Operating OfficerDirectSell1211202518.9617,937340,1124,877,315Form
75Viana, Antonio JViana Family TrustSell1210202518.0120,000360,1942,964,757Form
76Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell1210202517.5672112,6611,623,088Form
77Moll, Laurent RChief Operating OfficerDirectSell1209202517.9217,937321,4334,930,877Form
78Bayview, Legacy, LlcSee FootnoteSell1209202517.7170,0001,239,966167,733,230Form
79Janac, K CharlesPresident and CEOBayview Legacy, LLCSell1209202517.7170,0001,239,966167,733,230Form
80Moll, Laurent RChief Operating OfficerDirectSell1209202516.9717,200291,8624,973,458Form
81Bayview, Legacy, LlcSee FootnoteSell1209202517.0860,0001,024,674162,907,301Form
82Janac, K CharlesPresident and CEOBayview Legacy, LLCSell1209202517.0860,0001,024,674162,907,301Form
83Bayview, Legacy, LlcSee FootnoteSell1208202516.4640,000658,472158,017,987Form
84Alpern, Paul LVP and General CounselDirectSell1208202516.097,500120,6391,049,994Form
85Janac, K CharlesPresident and CEOBayview Legacy, LLCSell1208202516.4640,000658,472158,017,987Form
86Janac, K CharlesPresident and CEODirectSell1204202515.522,05831,9432,459,428Form
87Alpern, Paul LVP and General CounselDirectSell1204202514.794256,286965,447Form
88Moll, Laurent RChief Operating OfficerDirectSell1204202514.792022,9884,589,278Form
89Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell1204202514.824386,4931,380,941Form
90Janac, K CharlesPresident and CEODirectSell1204202514.821,24618,4712,379,541Form
91Alpern, Paul LVP and General CounselDirectSell1204202514.822583,825974,006Form
92Moll, Laurent RChief Operating OfficerDirectSell1204202514.826129,0734,603,009Form
93Alpern, Paul LVP and General CounselDirectSell1203202514.305,00071,494943,155Form
94Janac, K CharlesPresident and CEOBayview Legacy, LLCSell1112202514.7450,000736,830142,047,134Form
95Bayview, Legacy, LlcSee FootnoteSell1112202514.7450,000736,830142,047,134Form
96Moll, Laurent RChief Operating OfficerDirectSell1107202515.4232,775505,4994,798,343Form
97Alpern, Paul LVP and General CounselDirectSell1105202513.165,00065,810868,166Form
98Janac, K CharlesPresident and CEOBayview Legacy, LLCSell1010202513.0750,000653,710126,676,852Form
99Bayview, Legacy, LlcSee FootnoteSell1010202513.0750,000653,710126,676,852Form
100Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell1008202513.216,42184,8041,236,071Form
101Janac, K CharlesPresident and CEODirectSell1008202514.005,75580,5702,264,626Form
102Janac, K CharlesPresident and CEOBayview Legacy, LLCSell1008202513.10100,0001,310,450127,625,656Form
103Bayview, Legacy, LlcSee FootnoteSell1008202513.10100,0001,310,450127,625,656Form
104Viana, Antonio JViana Family TrustSell1006202514.0011,841165,7742,584,680Form
105Moll, Laurent RChief Operating OfficerDirectSell1006202512.6617,200217,7494,353,515Form
106Alpern, Paul LVP and General CounselDirectSell1006202511.084,75052,640730,969Form
107Moll, Laurent RChief Operating OfficerDirectSell1006202511.091,55417,2294,003,205Form
108Janac, K CharlesPresident and CEODirectSell1006202511.0711,821130,8641,854,464Form
109Alpern, Paul LVP and General CounselDirectSell1006202510.922,87731,419772,210Form
110Moll, Laurent RChief Operating OfficerDirectSell1006202510.9823,762260,8343,980,670Form
111Janac, K CharlesPresident and CEODirectSell1006202510.927,14778,0511,958,482Form
112Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell1006202510.923,88742,4491,092,200Form
113Alpern, Paul LVP and General CounselDirectSell1003202510.315,00051,544758,601Form
114Alpern, Paul LVP and General CounselDirectSell91720258.8810,00088,805653,489Form
115Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell91020258.693,66031,806902,905Form
116Alpern, Paul LVP and General CounselDirectSell91020258.692,27819,794639,397Form
117Alpern, Paul LVP and General CounselDirectSell91020258.984243,808681,268Form
118Moll, Laurent RChief Operating OfficerDirectSell90920258.611511,3003,326,913Form
119Moll, Laurent RChief Operating OfficerDirectSell90920258.748,12971,0753,379,779Form
120Moll, Laurent RChief Operating OfficerDirectSell90920258.804,69841,3643,474,969Form
121Janac, K CharlesPresident and CEODirectSell90820258.732,05717,9481,627,149Form
122Moll, Laurent RChief Operating OfficerDirectSell90320258.9442,692381,7393,571,127Form
123Janac, K CharlesPresident and CEODirectSell90320258.941,24611,1411,685,859Form
124Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell90320258.944383,916961,751Form
125Alpern, Paul LVP and General CounselDirectSell90320258.942582,307682,153Form
126Bayview, Legacy, LlcSee FootnoteSell807202513.1250,000655,995129,087,628Form
127Viana, Antonio JViana Family TrustSell807202514.146,90997,6992,778,135Form
128Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell807202513.0763,118825,2057,713,660Form
129Moll, Laurent RChief Operating OfficerDirectSell807202513.5734,400466,7635,998,329Form
130Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell807202513.1511,276148,2851,420,201Form
131Janac, K CharlesPresident and CEODirectSell807202513.4994,2451,271,1202,559,706Form
132Janac, K CharlesPresident and CEOBayview Legacy, LLCSell807202513.1250,000655,995129,087,628Form
133Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell80420259.035,63850,9271,077,360Form
134Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell731202510.0729,544297,3846,574,155Form
135Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell731202510.505,63859,2061,311,717Form
136Moll, Laurent RChief Operating OfficerDirectSell731202510.907368,0225,193,534Form
137Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell721202510.001,13611,3606,826,620Form
138Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell70720259.224,94845,6241,203,744Form
139Janac, K CharlesPresident and CEODirectSell70720259.2511,815109,2312,625,886Form
140Alpern, Paul LVP and General CounselDirectSell70720259.253,60933,371707,799Form
141Moll, Laurent RChief Operating OfficerDirectSell70720259.231,55414,3424,404,239Form
142Janac, K CharlesPresident and CEODirectSell70720258.997,15364,3232,660,357Form
143Alpern, Paul LVP and General CounselDirectSell70720258.992,87925,889720,795Form
144Moll, Laurent RChief Operating OfficerDirectSell70720258.994,70442,3004,305,210Form
145Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell70720258.993,88934,9711,218,434Form
146Moll, Laurent RChief Operating OfficerDirectSell70220259.092942,6724,393,198Form
147Janac, K CharlesPresident and CEODirectSell70120259.092,66624,2392,754,797Form
148Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell70120259.085,63851,1961,265,699Form
149Raza, Saiyed AtiqSaiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust dtd 11/26/2012Sell701202510.0219,809198,4926,851,861Form
150Janac, K CharlesPresident and CEOBayview Legacy, LLCSell701202510.0218,620186,58599,095,414Form
151Hawkins, Nicholas BVP and Chief Financial OfficerDirectSell701202510.005,63856,3801,450,230Form

Investor Activity (13F)

Updated Jul 31, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Westerly Capital Management, LLC$7.6 Mil2.4%36TRIM -64.1%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Westerly Capital Management, LLC$7.6 Mil2.4%36TRIM -64.1%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Westerly Capital Management, LLC$7.6 Mil2.4%36TRIM -64.1%13F
Core Cache Last Updated: 7/30/2026