AcquisitionsMay 12, 2026, 05:07 PM
Arteris Acquires Cycuity for $43.1M; Q1 Revenue Up 38.7%
AI Summary
Arteris, Inc. completed the acquisition of Cycuity for approximately $43.1 million in January 2026, a strategic move that significantly impacted its balance sheet by increasing goodwill and intangibles. For the first quarter of 2026, the company reported a 38.7% increase in total revenue to $22.9 million, driven by growth in licensing, support, and variable royalties. While net loss slightly improved to $(7.96) million from $(8.12) million year-over-year, cash and cash equivalents decreased significantly due to the acquisition and negative operating cash flows.
Key Highlights
- Arteris completed the acquisition of Cycuity for approximately $43.1 million, including $15.1 million cash and $19.0 million common stock.
- Total revenue for Q1 2026 increased by 38.7% to $22.9 million, up from $16.5 million in Q1 2025.
- Net loss for Q1 2026 improved slightly to $(7.96) million compared to $(8.12) million in Q1 2025.
- Net loss per share was $(0.17) for Q1 2026, an improvement from $(0.20) in Q1 2025.
- Cash and cash equivalents decreased to $11.67 million as of March 31, 2026, from $33.90 million at December 31, 2025.
- Goodwill increased significantly to $35.19 million from $4.18 million due to the Cycuity acquisition.
- Net cash used in operating activities was $(7.06) million in Q1 2026, compared to $2.86 million provided in Q1 2025.
- Unsatisfied performance obligations totaled $114.9 million as of March 31, 2026, with $62.4 million expected in the next 12 months.