Company: IDCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001405495-25-000051
Chunk: 60

Company: InterDigital, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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U 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$419,075 $279,505 $139,570 50 %CE, IoT/Auto91,598 206,272 (114,674)(56)%Other430 1,258 (828)(66)%Total Revenue$511,103 $487,035 $24,068 5 %Catch-up revenue (a), included above$247,113 $294,229 $(47,116)(16)%(a)    Catch-up revenue represents revenue associated with reporting periods prior to the execution of the license agreement.During the six months ended June 30, 2025, we recognized $108.5 million of revenue that had been included in deferred revenue as of the beginning of the period. As of June 30, 2025, we had contract assets of $343.8 million included within "Accounts receivable" and $9.0 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 rece