InterDigital develops wireless, video and AI technologies and earns revenue by licensing patents to device manufacturers and service providers, rather than manufacturing devices.
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A snapshot of what InterDigital, Inc. owns and owes at a point in time.
Read the company’s balance sheet in the original annual reports below.
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3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Dec 31, 20230001405495-24-000052 | Feb 15, 2024 | 10-K | Open 10-Ksec.gov |
| Dec 31, 20240001405495-25-000011 | Feb 6, 2025 | 10-K | Open 10-Ksec.gov |
| Dec 31, 20250001405495-26-000011 | Feb 5, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
InterDigital’s licensing business expanded into streaming services through its June 2026 Amazon agreement, but final royalties remain subject to arbitration. Second-quarter revenue and profit declined because lower catch-up revenue and higher enforcement and compensation costs outweighed new licensing contributions. Its company-defined annualized recurring revenue rose, although that measure is neither a forecast nor guaranteed cash. June cash and short-term investments provided substantial resources, alongside convertible debt due in 2027 and continuing patent-development, litigation and revenue-sharing demands. Management raised its full-year outlook on July 30, but that forecast depends partly on new agreements or enforcement outcomes. The central distinction is between expanding licensing coverage and the timing, final determination and collection of royalties. This overview reflects supplied disclosures through July 30, not verified October results.
Sources: 10-Q · 2026-06-30 · EX-99.1 · 2026-07-30 · EX-99.2 · 2026-07-30
InterDigital funds research, contributes technology to standards and licenses the resulting intellectual property. It has one reportable segment; Smartphone, CE/IoT/Auto and Streaming and Cloud Services are licensing programs, not separate segments. Fixed-fee agreements generated 93% of second-quarter 2026 revenue, reducing immediate shipment sensitivity but leaving renewal pricing, patent relevance and enforcement important. Madison TV royalties are recorded gross, with Sony’s share recorded as expense: revenue is not wholly retained economic value.
The June Amazon agreement covers services and devices, including Prime Video. Streaming and Cloud Services contributed $110.0 million in the first half, all recognized in the second quarter, versus none a year earlier. This updates the annual report’s pre-agreement position. Recognition uses estimated royalties; binding arbitration still determines final terms. Litigation was stayed, withdrawn or terminated in the disclosed jurisdictions, not converted into a finalized royalty award or proven cash receipt. New licenses also cover fintech point-of-sale devices and KEBA EV chargers.
Sources: 10-K · 2025-12-31 · 10-Q · 2026-06-30 · EX-99.2 · 2026-07-30
For the quarter ended June 30, 2026, GAAP revenue was $260.170 million versus $300.596 million, and net income was $116.372 million versus $180.568 million. Catch-up revenue—amounts associated with periods before license execution—fell to $103.745 million from $162.328 million. The quarterly filing attributes the decline partly to Samsung and HP catch-up revenue recognized in second-quarter 2025, partly offset by Amazon catch-up revenue in the current quarter. The annual filing, however, dates the Samsung award to July 28, 2025 and describes a true-up through June 30, 2025. The supplied originals do not reconcile the Samsung recognition chronology; no corrected recognition quarter is assumed. These changes do not establish falling device demand. Company-defined ARR rose to $625.7 million from $553.1 million; it annualizes quarterly revenue excluding catch-up and is not a forecast.
First-half revenue was $465.586 million versus $511.103 million, while net income fell to $191.701 million from $296.170 million. Management attributes higher expenses principally to enforcement, revenue sharing and share-based compensation. LG TV catch-up revenue carried associated sharing costs. The company identified $13.7 million of second-quarter compensation expense as nonrecurring. First-half earnings also benefited from $11.0 million of discrete net tax benefits, primarily compensation-related. Neither item establishes a sustainable earnings run rate.
Second-quarter GAAP diluted EPS was $3.40, compared with non-GAAP EPS of $4.62. The latter excludes designated costs and uses 30.591 million shares rather than 34.260 million, removing convertible-note dilution to reflect hedging. The difference therefore reflects both earnings adjustments and the denominator. Adjusted EBITDA retains catch-up revenue and is not cash flow. The disclosed 2026 accounting-standard adoptions had no material reported effect; they do not explain the earnings decline.
Sources: 10-Q · 2026-06-30 · EX-99.1 · 2026-07-30 · 10-K · 2025-12-31
First-half operating cash flow increased to $98.617 million from $85.129 million despite lower profit. Management attributes the improvement to collection timing, partly offset by higher operating payments. Uneven fixed-fee payment schedules separate revenue from cash. Receivables rose to $193.001 million from $69.816 million at year-end, and noncurrent contract assets reached $143.0 million; three licensees represented 83% of receivables. These balances expose cash conversion to concentrated counterparties and billing timing.
Patent capitalization consumed $28.466 million of cash and capital expenditures another $2.549 million during the half, alongside $112.242 million of research and portfolio development expense, a broader category than pure R&D. Financing outflows included $88.019 million of debt payments, $55.729 million of RSU tax withholding, $31.146 million of repurchases and $36.086 million of dividends. Withholding is not an additional open-market buyback. An unexplained $5.000 million difference between deferred-revenue balance movements and the cash-flow reconciliation remains an evidence discrepancy.
Sources: 10-Q · 2026-06-30
At June 30, cash and equivalents were $615.590 million and short-term investments $496.821 million; $8.793 million of restricted cash was separate. Convertible principal was $379.981 million, bearing 3.50% interest and due June 1, 2027. An $80.0 million conversion settled in the first quarter. Another $80.3 million, included within remaining principal, was elected for third-quarter settlement; completion is not established. Principal requires cash. Hedges do not remove counterparty risk or dilution from approximately six million separate warrants maturing from September 2027 through April 2028.
Technicolor-linked debt had a $10.861 million carrying value and royalty-dependent payments without a minimum or maximum. Separately, Technicolor can receive 42.5% of qualifying Madison cash receipts, subject to undisclosed conditions and hurdles. No liability was recognized for that separate arrangement because payment was not considered probable; this does not establish zero exposure. No quantified undrawn facility, comprehensive covenant headroom or October liquidity balance is established.
Sources: 10-Q · 2026-06-30 · EX-99.1 · 2026-07-30 · 10-K · 2025-12-31
On July 30, management raised 2026 revenue guidance from $675–775 million to $775–845 million. Unlike third-quarter guidance of $154–158 million, which covers existing licenses only, the annual range assumes contributions from new agreements and/or enforcement actions. The $2,112.791 million future fixed-fee revenue schedule includes Lenovo and Amazon arbitration estimates; it is neither cash nor comprehensive guidance. Samsung’s $1.05 billion eight-year award remained challenged, and Lenovo’s hearing was scheduled for fourth-quarter 2026.
Disney injunctions covering eleven EU countries coexist with adverse patent-invalidity findings, an enforcement stay and unresolved antitrust claims. They are not a completed license or royalty recovery. Dolby, Hisense/TCL and Transsion proceedings remain relevant; July’s Tesla jurisdiction reversal reopened claims without deciding their merits. No litigation accrual does not mean no exposure. Customer concentration, renewals, patent expiry, foreign tax disputes and uncertain Deep Render integration benefits also remain material dependencies. No outcome after the supplied July disclosures is assumed.
Sources: EX-99.1 · 2026-07-30 · 10-Q · 2026-06-30 · 10-K · 2025-12-31
USD 834.015 m
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 834.015 m | -4.0% |
| 2024 | USD 868.516 m | 58.0% |
| 2023 | USD 549.588 m | — |
Total consolidated GAAP revenue, including catch-up revenue and nonfinancial consideration.
Sources: 10-K · 2025-12-31
USD 406.644 m
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 406.644 m | 13.4% |
| 2024 | USD 358.614 m | — |
Net income before attribution between InterDigital and noncontrolling interests.
Sources: 10-K · 2025-12-31
USD 211.053 m
FY2023 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2023 | USD 211.053 m | — |
Net income before attribution; differs from $214.069 million attributable to InterDigital because noncontrolling interests incurred a $3.016 million loss.
Sources: 10-K · 2025-12-31
USD 544.45 m
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 544.45 m | 100.5% |
| 2024 | USD 271.528 m | 27.0% |
| 2023 | USD 213.733 m | — |
Consolidated operating cash flow, including working-capital movements and cash taxes; not net income or free cash flow.
Sources: 10-K · 2025-12-31
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