Adeia Inc.

Listed Company

ADEACIK 0001803696NasdaqLarge AcceleratedCable & Other Pay Television ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$443.39M

Net Income

$111.08M

Total Assets

$1.04B

Equity

$480.54M

Shares Out

109.05M

Op. Cash Flow

$158.09M

Business

Adeia Inc. is a technology company and innovation incubator that invents, develops, acquires and licenses foundational media and semiconductor intellectual property. It primarily offers patent licensing, R&D-driven technology development, co-optimization services, and related know-how covering media experiences and semiconductor technologies such as hybrid bonding and advanced processing nodes. Its business is organized around two principal segments: Media (guidance, discovery, search, recommendations, personalization, analytics, advertising, computer vision, storage) and Semiconductor (DBI, advanced nodes, packaging, co-optimization). Adeia licenses its IP to leading MVPDs, OTT providers, consumer electronics manufacturers, social media companies and semiconductor firms across North America and international markets via device shipments, service integrations and licensing agreements.

Summary from filing dated 2025-02-19

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	443	376	389	439	391
Research and development	68	60	54	45	40
Selling, general and administrative	120	103	95	136	129
Amortization expense	57	71	94	97	98
Litigation expense	25	14	9	9	5
Total operating expenses	268	247	253	286	272
Operating income	175	129	136	153	119
Interest expense	−40	−53	−63	−45	−39
Other income and expense, net	6	6	6	2	768,000
Loss on debt extinguishment	0	−453,000	0	0	−8
Income before income taxes	141	81	80	110	73
Provision for income taxes	30	17	13	−29	5
Net income	111	65	67	−299	−59
Basic (per share)	1.02	0.59	0.63	−2.83	−0.53
Diluted (per share)	0.99	0.57	0.6	−2.75	−0.52
Basic (shares)	109	109	107	104	105
Diluted (shares)	113	113	113	108	107

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	73	79	55	115	80
Marketable securities	64	32	29	—	—
Total cash, cash equivalents, and marketable securities	137	110	—	—	—
Accounts receivable, net of allowance for credit losses of $713 and $713, respectively	29	34	40	58	64
Unbilled contracts receivable	130	104	75	74	27
Other current assets	9	10	8	12	10
Total current assets	304	258	206	259	519
Long-term unbilled contracts receivable	49	63	74	41	282,000
Property and equipment, net	6	6	7	5	5
Operating lease right-of-use assets	8	9	9	6	7
Intangible assets, net	303	301	347	432	547
Goodwill	314	314	314	314	315
Long-term income tax receivable	0	112	120	114	118
Other long-term assets	54	34	28	41	10
Total assets	1,039	1,098	1,106	1,211	2,470
Accounts payable	5	8	10	9	448,000
Accrued liabilities	34	25	17	26	22
Current portion of long-term debt, net	21	21	66	110	36
Deferred revenue	20	20	7	17	7
Total current liabilities	80	73	102	167	190
Deferred revenue, less current portion	50	65	18	11	13
Long-term debt, net	397	454	520	620	729
Noncurrent operating lease liabilities	9	9	10	5	6
Long-term income tax payable	7	85	82	87	91
Other long-term liabilities	16	15	18	20	4
Total liabilities	559	701	749	909	1,130
Commitments and contingencies (Note 15)	—	—	—	—	—
Preferred stock: $0.001 par value; authorized (2025: 15,000 shares; 2024: 15,000 shares) and no shares issued and outstanding	0	0	—	—	—
Common stock: $0.001 par value; (2025: authorized 350,000 shares, issued 127,923 shares, outstanding 108,999 shares; 2024: authorized 350,000 shares, issued 123,952 shares, outstanding 108,072 shares)	128,000	125,000	121,000	117,000	113,000
Additional paid-in capital	686	649	635	636	1,340
Treasury stock at cost (2025: 18,924 shares; 2024: 15,880 shares)	−298	−255	−222	−211	−178
Accumulated other comprehensive income (loss)	60,000	−1,000	−8,000	−51,000	−752,000
Retained earnings	92	3	−56	−124	188
Total stockholders' equity	481	397	357	301	1,350
Total liabilities and equity	1,039	1,098	1,106	1,211	2,470

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 of property and equipment	2	2	2	17	24
Amortization of intangible assets	57	71	94	143	203
Stock-based compensation expense	35	27	18	53	58
Deferred income tax and other	34	−7	11	—	—
Amortization of debt issuance costs	3	3	4	4	6
Other	−462,000	−2	−252,000	744,000	−938,000
Accounts receivable	6	6	18	25	−28
Unbilled contracts receivable	−65	−18	−34	−87	58
Other assets	−6	7	−5	−3	7
Accounts payable	−2	−372,000	−894,000	19	−5
Accrued and other liabilities	−776,000	4	−15	−4	−28
Deferred revenue	−14	54	−7	−215,000	−651,000
Net cash provided by operating activities	158	212	153	183	235
Purchases of property and equipment	−2	−2	−4	−13	−14
Purchases of intangible assets	−7	−20	−3	−290,000	−186,000
Purchases of short-term investments	−57	−33	−43	−4	−67
Proceeds from sales of investments	1	0	0	—	—
Proceeds from maturities of investments	24	31	15	37	43
Net cash used in investing activities	−40	−24	−34	−3	−6
Payments of dividends	−22	−22	−21	−21	−21
Principal payments on debt agreements	−60	−114	−148	−41	−84
Proceeds from employee stock purchase program and exercise of stock options	2	3	2	14	14
Repurchases of common stock for tax withholdings on equity awards	−22	−13	−11	−16	−16
Repurchases of common stock	−21	−19	0	−17	−85
Net cash used in financing activities	−124	−164	−178	−263	−196
Net increase (decrease) in cash and cash equivalents	−6	24	−60	−87	31
Interest paid	33	47	58	41	32
Income taxes paid, net of refunds	15	12	10	25	31
Long-lived assets received in lieu of cash	53	5	4	—	—
Unpaid purchases of long-lived assets at the end of the period	4,000	765,000	2	0	0

Filings

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