InterDigital, Inc.

Listed Company

IDCCCIK 0001405495NasdaqLarge AcceleratedPatent Owners & LessorsFY ends Dec 31

Period

FY 2025

Revenue

$834.01M

Net Income

$406.64M

Total Assets

$2.06B

Equity

$1.10B

Shares Out

25.85M

Op. Cash Flow

$544.45M

Business

InterDigital, Inc. is a global research and development and patent licensing company focused on wireless, video, artificial intelligence and related technologies. It designs and develops foundational wireless, video coding, display and AI technologies and licenses those innovations to device makers and service providers. The company operates an R&I organization and monetizes its intellectual property through device-based and service-based patent licensing, joint licensing programs and platform arrangements. InterDigital licenses worldwide to smartphone and consumer electronics manufacturers, IoT and automotive companies, and video streaming and cloud service providers.

Summary from filing dated 2025-02-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	834	869	550	458	425
Research and portfolio development	211	197	195	185	200
Licensing	94	169	79	71	65
General and administrative	68	63	53	47	61
Total operating expenses	373	429	328	307	354
Income from operations	461	440	222	151	71
Interest expense	−40	−45	−45	−29	—
Other income, net	49	35	58	−3	12
Income before income taxes	469	429	235	118	58
Income tax provision	−63	−71	−24	−26	−15
Net income	407	359	211	92	42
Net loss attributable to noncontrolling interest	0	0	−3	−2	−13
Net income attributable to InterDigital, Inc.	407	359	214	94	55
Basic (in USD per share)	15.77	14.16	7.97	3.11	1.8
Diluted (in USD per share)	11.8	12.07	7.62	3.07	1.77
Basic (in shares)	26	25	27	30	31
Diluted (in shares)	34	30	28	30	31
Cash dividends declared per common share (in USD per share)	2.6	1.7	1.5	1.4	1.4

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	739	527	437	693	706
Short-term investments	504	431	569	508	235
Accounts receivable	70	188	117	53	31
Prepaid and other current assets	75	84	44	90	78
Total current assets	1,388	1,231	1,168	1,345	1,050
Property and equipment, net	24	19	12	11	13
Patents, net	319	309	313	354	—
Deferred tax assets	141	128	129	94	98
Other non-current assets, net	193	149	150	96	103
Total assets	2,064	1,836	1,771	1,900	1,628
Current portion of long-term debt	458	456	579	0	—
Accounts payable	10	12	8	10	7
Accrued compensation and related expenses	50	43	33	38	33
Deferred revenue	194	178	154	189	292
Dividend payable	18	12	10	10	11
Other accrued expenses	22	25	98	24	—
Total current liabilities	753	726	881	271	372
Long-term debt	16	15	29	607	423
Long-term deferred revenue	136	182	224	238	19
Other long-term liabilities	58	55	55	54	61
Total liabilities	963	978	1,189	1,170	875
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.10 par value, 14,399 shares authorized, 0 shares issued and outstanding	0	0	0	0	0
Common stock, $0.01 par value, 100,000 shares authorized, 70,965 and 70,577 shares issued and 25,685 and 25,682 shares outstanding	709,000	705,000	694,000	719,000	717,000
Additional paid-in capital	817	809	743	717	714
Retained earnings	2,113	1,776	1,462	1,492	1,441
Accumulated other comprehensive income (loss)	299,000	−458,000	−647,000	−916,000	−571,000
Treasury stock, 45,280 and 44,895 shares of common stock held at cost	−1,830	−1,727	−1,624	1,484	—
Total shareholders' equity	1,101	857	582	725	745
Total liabilities and shareholders' equity	2,064	1,836	1,771	1,900	1,628

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	78	70	78	79	78
Change in deferred revenue	−34	−24	−49	85	−17
Deferred income taxes	−13	783,000	−35	19	−8
Share-based compensation	43	46	36	22	29
Other	−4	−10	−26	15	0
Receivables	118	−71	−64	−22	−15
Deferred charges and other assets	−56	−35	866,000	−13	−10
Accounts payable	4	2	−3	7	−2
Customer deposit	0	−76	76	0	—
Accrued compensation and other expenses	1	11	−12	1	20
Net cash provided by operating activities	544	272	214	286	130
Purchases of short-term investments	−480	−542	−836	−533	−528
Proceeds from maturities and sales of short-term investments	419	699	798	—	—
Purchases of property and equipment	−16	−6	−4	−3	−3
Capitalized patent costs	−55	−53	−40	−40	−33
Acquisitions	−9	−4	0	—	—
Long-term investments	−415,000	16	−2	0	1
Net cash (used in) provided by investing activities	−140	109	−85	−315	180
Payments on long-term debt	−1	−141	0	−282	0
Payment for warrant unwind and settlement	0	−18,000	0	−4	0
Payments of debt issuance costs	0	0	−100,000	−10	0
Repurchase of common stock	−102	−67	−340	−74	−30
Taxes paid on the repurchase of common stock	0	−3	0	0	—
Net proceeds from exercise of stock options	7	32,000	1	1	8
Non-controlling interest contribution	0	0	2	2	100,000
Taxes withheld upon restricted stock unit vestings	−44	−19	−13	−6	−7
Dividends paid	−61	−42	−39	−42	−43
Net cash used in financing activities	−201	−272	−389	19	−74
Net increase (decrease) in cash, cash equivalents and restricted cash	203	109	−260	−10	236

Filings

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