Arteris, Inc. (AIP) intrinsic value & 10-year financials

Arteris, Inc. (AIP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 17.3% a year to $70.6M, with an average return on invested capital of 30.3%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$18.76
Market cap
$793.4M
Revenue (FY2025)
$70.6M
Revenue growth (7-yr CAGR)
17.3%
ROIC (10-yr avg)
30.3%
Free cash flow (FY2025)
$5.3M

AIP 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $70.6M -$34.7M -$0.82 $5.3M -47.0% 115.7%
FY2024 $57.7M -$33.6M -$0.86 -$1.0M -54.7% 921.6%
FY2023 $53.7M -$36.9M -$1.03 -$17.2M -65.5% -1145.1%
FY2022 $50.4M -$27.4M -$0.84 -$7.8M -57.3% 189.8%
FY2021 $37.9M -$23.4M -$1.06 -$1.6M -57.5% 82.5%
FY2020 $31.8M -$3.3M -$0.19 $1.5M -11.9% 17.4%
FY2019 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Arteris, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Arteris, Inc. has earned high returns on invested capital, averaging 35.9% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Arteris, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Arteris, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-27.24 per share.

AIP stock: frequently asked questions

What is the intrinsic value of Arteris, Inc. (AIP) stock?

Graham's formula only works with positive earnings. Arteris, Inc. reported diluted EPS of -$0.82 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Arteris, Inc. generate free cash flow?

Arteris, Inc. generated $5.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 6 reported years.

What is AIP's return on invested capital?

Average ROIC over the last 7 fiscal years was 30.3%, and average return on equity was -54.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this AIP data come from?

From Arteris, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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