InterDigital, Inc.IDCC

InterDigital, Inc. Revenue Disclosure

10-KFiled Feb 5, 20262 min read
REVENUE RECOGNITION
Disaggregated Revenue
The following table presents the disaggregation of our revenue for the year ended December 31, 2025, 2024, and 2023 (in thousands):
Year Ended December 31,
 202520242023
Smartphone$678,855 $597,540 $467,283 
CE, IoT/Auto154,631 268,680 80,895 
Other529 2,296 1,410 
Total Revenue$834,015 $868,516 $549,588 
Catch-up revenue (a), included above
$277,409 $460,069 $141,196 
(a)    Catch-up revenue represents revenue associated with reporting periods prior to the execution of the license agreement.
During the year ended December 31, 2025, we recognized $178.0 million of revenue that had been included in deferred revenue as of the beginning of the period. As of December 31, 2025 and 2024, we had contract assets of $19.7 million and $162.8 million included within "Accounts receivable, net" in the consolidated balance sheet, respectively. As of December 31, 2025, we also had $21.0 million contract assets included within "Other non-current assets, net" in the consolidated balance sheet.
Contracted Revenue
Based on Dynamic Fixed-Fee Agreements as of December 31, 2025, we expect to recognize the following amounts of revenue over the term of such contracts (in thousands):
Revenue (a)
2026$452,314 
2027440,577 
2028348,455 
2029294,819 
2030158,580 
Thereafter73,758 
$1,768,503 
(a) This table includes estimated revenue related to our Lenovo arbitration. In accordance with ASC 606, these estimates are limited to the amount of revenue we expect to recognize only to the extent we believe it is probable that a subsequent change in the estimate would not result in a significant revenue reversal.
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Historical Timeline

Fiscal YearFiled
2025Feb 5, 2026Showing above
2024Feb 6, 2025
2023Feb 15, 2024
2022Feb 15, 2023
2021Feb 17, 2022
2020Feb 18, 2021
2019Feb 20, 2020
2018Feb 21, 2019

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.

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