Company: IDCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001405495-25-000051
Chunk: 105

Company: InterDigital, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 105
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 revenue, respectively, was attributable to companies that individually accounted for 10% or more of our total revenue. In first half 2025 and 2024, the following companies accounted for 10% or more of our total revenue:

Six Months Ended June 30, 20252024Customer A36%43%Customer E20%—%Customer C13%14%Customer D<10%25%

Operating Expenses 

The following table summarizes the changes in operating expenses between first half 2025 and first half 2024 by category (in thousands):

Six Months Ended June 30, 20252024Increase/(Decrease)Research and portfolio development$101,104 $99,520 $1,584 2 %Licensing41,586 121,745 (80,159)(66)%General and administrative31,154 28,126 3,028 11 %Total operating expenses$173,844 $249,391 $(75,547)(30)%

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Operating expenses decreased 30% to $173.8 million in first half 2025 from $249.4 million in first half 2024. The $75.5 million decrease in total operating expenses was primarily due to changes in the following items (in thousands):

 Increase/(Decrease)Revenue share$(66,495)Intellectual property enforcement(18,865)Depreciation and amortization3,062 Performance-based compensation2,829 Net litigation fee reimbursement2,717 Other1,205 Total decrease in operating expenses$(75,547)

The $75.5 million decrease in operating expenses was driven by a $66.5 million decrease in revenue share costs primarily related to the Samsung TV agreements signed in first half 2024 and a $18.9 million decrease in intellectual property enforcement costs primarily due to our fourth quarter 2024 resolution of the OPPO and Lenovo proceedings, as well as the Samsung arbitration. This decrease in intellectual property enforcement costs was partially offset by one-time contra expenses for net litigation fee reimbursements of $0.5 million in first half 2025 compared to $3.2 million in first half 2024 resulting from intellectual property enforcement successes.

These decreases were offset by a $3.1 million increase in depreciation and amortization due to non-cash patent acquisitions and investments in internal infrastructure and a $2.8 million increase in performance-based compensation due to higher accrual rates driven by licensing successes.