Company: IDCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001405495-25-000063
Chunk: 41

Company: InterDigital, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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2,902)1,760$1753,3402,3615,701(3,340)2,361$2003,6692,8126,481(3,669)2,812$2253,9243,1637,087(3,924)3,163$2504,1293,4447,573(4,129)3,444$2754,2963,6737,969(4,296)3,673$3004,4363,8648,300(4,436)3,864$3254,5544,0268,580(4,554)4,026$3504,6554,1658,820(4,655)4,165$3754,7424,2859,027(4,742)4,285$4004,8194,3919,210(4,819)4,391$4254,8874,4839,370(4,887)4,483$4504,9474,5669,513(4,947)4,566$4755,0004,6409,640(5,000)4,640$5005,0494,7069,755(5,049)4,706

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(a) Represents incremental shares issuable upon concurrent conversion of convertible notes, exercise of warrants and settlement of the hedge agreements.

27

RESULTS OF OPERATIONS

Third Quarter 2025 Compared to Third Quarter 2024 

Revenue

The following table compares third quarter 2025 revenue to third quarter 2024 revenue (in thousands):

Three Months Ended September 30, 20252024Increase/(Decrease)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)%

(a)    Catch-up revenue represents revenue associated with reporting periods prior to the execution of the license agreement.

Total revenue of $164.7 million increased $36.0 million from third quarter 2024 primarily due to revenue from nine new patent license agreements signed in the last twelve months,