Company: IDCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001405495-25-000063
Chunk: 18

Company: InterDigital, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 in active markets, quoted prices for identical or similar instruments in markets with insufficient volume or infrequent transactions (less active markets) or model-driven valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data, including market interest rate curves, referenced credit spreads and pre-payment rates.Level 3 Inputs — Level 3 includes financial instruments for which fair value is derived from valuation techniques including pricing models and discounted cash flow models in which one or more significant inputs are unobservable, including the Company’s own assumptions. The pricing models incorporate transaction details such as contractual terms, maturity and, in certain instances, timing and amount of future cash flows, as well as assumptions related to liquidity and credit valuation adjustments of marketplace participants.Our assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of financial assets and financial liabilities and their placement within the fair value hierarchy. We use quoted market prices for similar assets to estimate the fair value of our Level 2 investments.  

12

Recurring Fair Value MeasurementsOur financial assets are generally included within short-term investments on our condensed consolidated balance sheets, unless otherwise indicated. Our financial assets and liabilities that are accounted for at fair value on a recurring basis are presented in the tables below as of September 30, 2025 and December 31, 2024 (in thousands): Fair Value as of September 30, 2025 Level 1Level 2Level 3TotalAssets:    Money market and demand accounts (a)$836,578 $— $— $836,578 Commercial paper (b)— 71,271 — 71,271 U.S. government securities— 234,542 — 234,542 Corporate bonds, asset backed and other securities— 129,107 — 129,107   Total$836,578 $434,920 $— $1,271,498  Fair Value as of December 31, 2024 Level 1Level 2Level 3TotalAssets:    Money market and demand accounts (a)$535,745 $— $— $535,745 Commercial paper (b)— 78,870 — 78,870 U.S. government securities— 230,561 — 230,561 Corporate bonds, asset backed and other securities (c)— 137,219 — 137,219   Total$