Company: IDCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001405495-25-000063
Chunk: 35

Company: InterDigital, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 receipts (b)8,390 9,919 41,834 35,275 Change in deferred revenue(119,991)(50,495)(48,785)3,913 Change in receivables(228,066)(11,220)(27,661)95,128 Other12,329 20,175 33,658 96,408 Total Revenue$164,682 $128,679 $675,785 $615,714 Net cash provided by operating activities$395,930 $77,631 $481,059 $79,494 

(a)  Fixed fee cash receipts are comprised of cash receipts from Dynamic Fixed-Fee Agreement royalties, including the associated catch-up revenue.

(b) Other cash receipts are primarily comprised of cash receipts related to our variable patent royalty revenue and catch-up revenue.

When we collect payments on a front-loaded basis, we recognize a deferred revenue liability equal to the cash received and accounts receivable recorded which relate to revenue expected to be recognized in future periods. That liability is then reduced as we recognize revenue over the balance of the agreement. The following table shows the projected amortization of our current and long term deferred revenue as of September 30, 2025 (in thousands):

Deferred RevenueRemainder of 2025$106,666 2026169,365 2027132,265 20281,141 20291,206 Thereafter1,270 Total Revenue$411,913 

Revenue

Third quarter 2025 revenue of $164.7 million includes $17.7 million of catch-up revenue, while third quarter 2024 revenue of $128.7 million includes $30.0 million of catch-up revenue. The $36.0 million increase was primarily due to recurring revenue recognized from nine patent license agreements signed since third quarter 2024, partially offset by lower catch-up revenue in third quarter 2025. In third quarter 2025, revenue (in descending order) from Samsung, Apple, and Honor each comprised 10% or more of our consolidated revenue. Refer to "Results of Operations --Third Quarter 2025 Compared to Third Quarter 2024" for further discussion of our 2025 revenue.

Impact of Macroeconomic and Geopolitical Factors

We have been actively monitoring the impact of the current macroeconomic environment in the U.S. and globally characterized by market volatility, inflation, supply chain issues, high interest rates,