BALANCE SHEET COMPONENTS (Tables)

12 Months Ended

Dec. 31, 2025

The following table presents the components of accounts receivable, net (in thousands):


	As of December 31,
	2025		2024
Accounts receivable	$	17,494	$	19,373
Unbilled accounts receivable	1,762		1,366
Total accounts receivable	19,256		20,739
Less: allowance for credit losses	(73)		(131)
Total accounts receivable, net	$	19,183	$	20,608

Prepaid expenses and other current assets consisted of the following (in thousands):


	As of December 31,
	2025		2024
Capitalized commissions asset, net	$	3,124	$	2,311
Foreign R&D tax credit receivable	1,701		—
Software & subscriptions	1,011		669
Insurance	829		685
Deferred offering costs	549		—
Investment interest receivable	238		301
Contract assets	—		167
Other	1,156		501
Total prepaid expenses and other current assets	$	8,608	$	4,634

Property and equipment consisted of the following (in thousands):


	As of December 31,
	2025		2024
Software and technology equipment	$	8,465	$	7,525
Office furniture and hardware equipment	997		876
Leasehold improvements	647		620
Construction in progress	—		31
Total property and equipment	10,109		9,052
Less: accumulated depreciation and amortization	(6,237)		(5,033)
Total property and equipment, net	$	3,872	$	4,019

Other assets consisted of the following (in thousands):


	As of December 31,
	2025		2024
Foreign R&D tax credit receivable	$	7,517	$	5,408
Capitalized commissions asset, net	2,417		1,789
Other	635		490
Total other assets	$	10,569	$	7,687

Accrued expenses and other current liabilities consisted of the following (in thousands):


	As of December 31,
	2025		2024
Payroll and related benefits	$	12,467	$	10,035
Accrued professional fees	2,377		992
Customer refund liability	2,232		1,761
Deferred income	1,179		1,179
Contingent acquisition milestone liability	18		826
Other accrued liabilities	821		1,106
Total accrued expenses and other current liabilities	$	19,094	$	15,899

Other liabilities consist of the following (in thousands):


	As of December 31,
	2025		2024
Pension accrual	$	1,291	$	983
Retirement benefit liability	803		422
Other liabilities	375		236
Total other liabilities	$	2,469	$	1,641

Arteris, Inc. 10-K