Company: IDCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001405495-25-000063
Chunk: 89

Company: InterDigital, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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Three Months Ended September 30, 20252024Increase/(Decrease)Research and portfolio development$53,068 $48,331 $4,737 10%Licensing19,715 27,467 (7,752)(28)%General and administrative16,091 13,539 2,552 19%Total Operating expenses$88,874 $89,337 $(463)(1)%

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Operating expenses remained flat at $88.9 million in third quarter 2025 compared to $89.3 million in third quarter 2024. The $0.5 million decrease in total operating expenses was primarily due to changes in the following items (in thousands):

 Increase/(Decrease)Revenue share$(4,586)Intellectual property enforcement, net(2,380)Other6,503 Total change in operating expenses$(463)

The $0.5 million decrease in operating expenses was due to a number of offsetting changes including a $4.6 million decrease in revenue share costs primarily related to catch-up revenue on agreements signed in third quarter 2024. Additionally, intellectual property enforcement costs, net decreased $2.4 million primarily due to resolutions of the OPPO, Lenovo UK, and Samsung matters, partially offset by increases related to the announced Disney proceedings and a $1.2 million one-time contra expense for a net litigation fee reimbursement resulting from intellectual property enforcement successes received in third quarter 2024. 

Research and portfolio development expense: Research and portfolio development expense increased compared to third quarter 2024 primarily due to the costs associated with our growing patent portfolio and increased investment in the computer network that supports our research activities.

Licensing expense: Licensing expense decreased compared to third quarter 2024 primarily due to the above noted changes in revenue share and intellectual property enforcement costs, partially offset by the one-time net litigation fee reimbursement contra expense recognized in third quarter 2024.

General and administrative expense: General and administrative expense increased compared to third quarter 2024 primarily due to an increase in share-based  compensation costs.

Non-Operating Income, net

The following table compares third quarter 2025 non-operating income, net to third quarter 2024 (in thousands):

Three Months Ended September 30,20252024Increase/(Decrease)Interest expense$(10,019)$(10,681)$662 6%Interest and investment income9,484 9,175 309 3%Other income, net704 3