Company: IDCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001405495-25-000051
Chunk: 24

Company: InterDigital, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 24
---
 effective for fiscal years beginning after December 15, 2024, with early adoption allowed. We adopted this guidance as of January 1, 2025, and we will include the necessary disclosures in our annual Form 10-K. The disclosures are required on an annual basis so there was no impact to this Form 10-Q.Accounting Standards Update: Disaggregation of Income Statement ExpensesIn November 2024, the FASB issued ASU No. 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses". The amendments in the ASU require disclosures about specific types of expenses included in the expense captions presented on the Consolidated Statements of Income, as well as disclosures about selling expenses. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, with early adoption allowed. We are currently evaluating the impact of adoption on our financial disclosures.Accounting Standards Update: Induced Conversions of Convertible Debt InstrumentsIn November 2024, the FASB issued ASU No. 2024-04, "Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments". The amendments in the ASU require disclosures for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. ASU 2024-04 is effective for fiscal years beginning after December 15, 2025, with early adoption allowed. We are currently evaluating the impact of adoption on our consolidated financial statements.

9

2.  REVENUE

Disaggregated RevenueThe following table presents the disaggregation of our revenue for the three and six months ended June 30, 2025 and 2024 (in thousands):Three Months Ended June 30, 20252024Increase/(Decrease)Smartphone$235,084 $199,225 $35,859 18 %CE, IoT/Auto65,331 23,729 41,602 175 %Other181 539 (358)(66)%Total Revenue$300,596 $223,493 $77,103 34 %Catch-up revenue (a), included above$162,328 $127,551 $34,777 27 %Six Months Ended June 30, 20252024Increase/(Decrease)Smartphone$419