Company: IDCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001405495-25-000063
Chunk: 63

Company: InterDigital, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 63
---
a)    Catch-up revenue represents revenue associated with reporting periods prior to the execution of the license agreement.During the nine months ended September 30, 2025, we recognized $143.8 million of revenue that had been included in deferred revenue as of the beginning of the period. As of September 30, 2025, we had contract assets of $33.6 million included within "Accounts receivable" and $15.0 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 receivable" in the condensed consolidated balance sheet.Contracted RevenueBased on contracts signed and committed as of September 30, 2025, we expect to recognize the following revenue from dynamic fixed-fee royalty payments over the term of such contracts (in thousands):Revenue (a)Remainder of 2025$136,379 2026452,314 2027440,577 2028348,455 2029294,819 Thereafter232,338 Total Revenue$1,904,882 (a)    This table includes estimated revenue related to our Lenovo arbitration. In accordance with ASC 606, this estimate is limited to the amount of revenue we expect to recognize only to the extent we believe it is probable that a subsequent change in the estimate would not result in a significant revenue reversal.

11

3.  CASH, CONCENTRATION OF CREDIT RISK AND FAIR VALUE OF FINANCIAL INSTRUMENTS

Cash, Cash Equivalents, and Restricted CashCash, cash equivalents, and restricted cash currently consist of money market and demand accounts. The following table provides a reconciliation of total cash, cash equivalents, and restricted cash as of September 30, 2025, December 31, 2024, and September 30, 2024 to the captions within the condensed consolidated balance sheets and condensed consolidated statements of cash flows (in thousands): September 30,December 31,September 30, 202520242024Cash and cash equivalents$840,270 $527,360 $401,090 Restricted cash included within prepaid and other current assets8,360 24,187 9,690 Total cash, cash equivalents, and restricted cash$848,630 $551,547 $410,780 Concentration of Credit Risk and Fair Value of Financial