Arteris Inc. (AIP) — RQD Stock Rating Cockpit

The Roarable RQD Score is 35 / D- (Roarable Sell — Vulnerable Balance Sheet & Flow), per the Roarable RQD rating. The five pillars break down as follows.

• Fundamental Cash Engine (11 / 20): Per the Roarable RQD rating, ROIC is -35% and FCF yield is 0.53%. Reported FCF was positive in FY 2025 ($5.3M per the SEC financials) after negative FCF in FY 2024 ($-1.0M) and FY 2023 ($-15.7M). Upside drivers would need to show sustained positive FCF; the current yield is thin relative to a -35% return on invested capital.
• Whale / 13F Flow (5 / 20): Per the Roarable RQD rating, institutional accumulation and options positioning scored weakly. Holder-level 13F data is not available in source data (see Analyst View & Smart Money Ownership).
• Insider Conviction (5 / 20): Per the Roarable RQD rating, SEC Form 4 and Congressional PTR cluster flow scored weakly. No insider transaction detail is available in source data.
• Macro Regime Fit (4 / 20): Per the Roarable RQD rating, beta is 1.0, indicating market-level sensitivity, with weak sector-sensitivity scoring.
• Forensic Balance Sheet (10 / 20): Per the Roarable RQD rating, Altman Z is 2.35, Piotroski F is 6/9, and Debt/Equity is 0.5. These are mid-range readings: not distress-level, but not strong.

For a prospective investor evaluating the stock today, the rating indicates that the weakest pillars are flow and macro fit, while the balance sheet is the relative strength. Valuation tradeoffs are difficult to assess because standard earnings-based multiples are not available in source data. Investors should weigh the negative operating margin (-47%) and net margin (-49.2%) against the 90.2% gross margin, which suggests the cost base, not pricing, is the main pressure point.

Arteris Inc. (AIP) is a NASDAQ-listed issuer in the Technology sector, Semiconductors industry, per the company profile. Per the market data, gross margin is 90.2%, indicating a high-margin revenue base. Revenue is reported in the SEC financials at $70.6M for FY 2025. Products, customer base, and revenue model details are not available in source data.

Per the SEC financials, revenue grew from $53.7M (FY 2023) to $70.6M (FY 2025), while net losses remained in the $-33.6M to $-36.9M range across all three periods. Per the market data, operating margin is -47% and net margin is -49.2%. Per the Roarable RQD rating, ROIC is -35%, Altman Z is 2.35, and Piotroski F is 6/9. Debt/Equity is 0.5 per the Roarable RQD rating. Reported FY 2025 cash of $33.9M compares with $13.7M in FY 2024.

• Chiplet growth (CATALYST, GREEN): A Yahoo Finance headline on fair value and analysts weighing chiplet growth potential is the sole green-flagged item in the news wire.
• Valuation concern (RISK WATCH, RED): An Investing.com headline references InvestingPro's Fair Value flagging overvaluation before a 52% drop. This is the only red-flagged item.
• Market wire (YELLOW): Stocktwits, Yahoo Finance ("fully priced on current sales"), Simply Wall Street, and Stock Titan items are flagged yellow as general market wire coverage. One Stock Titan item references a $3.3 million effort aimed at making chip security checks repeatable for defense systems.
• Butterfly Supply-Chain Graph: Per the Butterfly Supply-Chain Graph, the supply chain is listed as NONE, with no butterfly links and no proprietary signals.

• What are the company's specific products, customers, and revenue model, given that only sector and industry labels are provided?
• What are the reported EPS and debt figures, which are listed as N/A in the SEC financials?
• What is the cash-flow trajectory beyond FY 2025, and what drove the swing from negative FCF to $5.3M?
• What would explain the 52-week range spanning $12.06 to $50.26, and what drove the volatility?
• What is the path to operating profitability, given the consistent operating losses across all three reported periods?