Company: IDCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001405495-25-000063
Chunk: 91

Company: InterDigital, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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 and 2024, 64% and 77% of our total revenue, respectively, was attributable to companies that individually accounted for 10% or more of our total revenue. In first nine months 2025 and 2024, the following companies accounted for 10% or more of our total revenue:

Nine Months Ended September 30, 20252024Customer A33%38%Customer G16%—%Customer B15%16%Customer E<10%23%

Operating Expenses 

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

Nine Months Ended September 30, 20252024Increase/(Decrease)Research and portfolio development$154,172 $147,851 $6,321 4%Licensing61,301 149,212 (87,911)(59)%General and administrative47,245 41,665 5,580 13%Total operating expenses$262,718 $338,728 $(76,010)(22)%

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Operating expenses decreased 22% to $262.7 million in first nine months 2025 from $338.7 million in first nine months 2024. The $76.0 million decrease in total operating expenses was primarily due to changes in the following items (in thousands):

 Increase/(Decrease)Revenue share$(71,081)Intellectual property enforcement(22,405)Depreciation and amortization5,317 Net litigation fee reimbursement3,877 Share-based compensation2,513 Other5,769 Total change in operating expenses$(76,010)

The $76.0 million decrease in operating expenses was driven by a $71.1 million decrease in revenue share costs primarily related to the Samsung TV and TPV agreements signed in first nine months 2024. Additionally, intellectual property enforcement costs decreased $22.4 million primarily due to resolutions of the OPPO, Lenovo UK, and Samsung matters, partially offset by increases related to the announced Disney proceedings. 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 nine months 2025 compared to $4.4 million in first nine months 2024 resulting from intellectual property enforcement successes.

These decreases were offset by a $5.3 million increase in depreciation and amortization due to non-cash patent acquisitions and investments in