Company: IDCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001405495-25-000063
Chunk: 16

Company: InterDigital, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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ase)Smartphone$136,407 $87,426 $48,981 56%CE, IoT/Auto28,219 40,633 (12,414)(31)%Other56 620 (564)(91)%Total Revenue$164,682 $128,679 $36,003 28%Catch-up revenue (a), included above$17,678 $30,045 $(12,367)(41)%Nine Months Ended September 30, 20252024Increase/(Decrease)Smartphone$555,482 $366,931 $188,551 51%CE, IoT/Auto119,817 246,905 (127,088)(51)%Other486 1,878 (1,392)(74)%Total Revenue$675,785 $615,714 $60,071 10%Catch-up revenue (a), included above$264,791 $324,274 $(59,483)(18)%(a)    Catch-up revenue represents revenue associated with reporting periods prior to the execution of the license agreement.During the nine months ended September 30, 2025, we recognized $143.8 million of revenue that had been included in deferred revenue as of the beginning of the period. As of September 30, 2025, we had contract assets of $33.6 million included within "Accounts receivable" and $15.0 million included within "Other non-current assets, net" in the condensed consolidated balance sheet. As of December 31, 2024, we had contract assets of $162.8 million included within "Accounts receivable" in the condensed consolidated balance sheet.Contracted RevenueBased on contracts signed and committed as of September 30, 2025, we expect to recognize the following revenue from dynamic fixed-fee royalty payments over the term of such contracts (in thousands):Revenue (a)Remainder of 2025$136,379 2026452,314 2027440,577 2028348,455 2029294,819 Thereafter232,338 Total Revenue$1,904,882 (a)    This table includes estimated revenue related to our Lenovo arbitration. In accordance with ASC 606, this estimate is 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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