Company: IDCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001405495-25-000063
Chunk: 62

Company: InterDigital, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 62
---
 Debt InstrumentsIn November 2024, the FASB issued ASU No. 2024-04, "Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments". The amendments in the ASU require disclosures for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. ASU 2024-04 is effective for fiscal years beginning after December 15, 2025, with early adoption allowed. We are currently evaluating the impact of adoption on our consolidated financial statements.Accounting Standards Update: Targeted Improvements to the Accounting for Internal-Use SoftwareIn September 2025, the FASB issued ASU No. 2025-06, "Intangibles—Goodwill and Other Internal-Use Software (Subtopic 350-40)". The amendments in the ASU amends certain aspects of the accounting for and disclosure of software costs under ASC 350-40. ASU 2025-06 is effective for fiscal years beginning after December 15, 2027, with early adoption allowed. We are currently evaluating the impact of adoption on our consolidated financial statements.

10

2.  REVENUE

Disaggregated RevenueThe following table presents the disaggregation of our revenue for the three and nine months ended September 30, 2025 and 2024 (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)%Nine Months Ended September 30, 20252024Increase/(Decrease)Smartphone$555,482 $366,931 $188,551 51%CE, IoT/Auto119,817 246,905 (127,088)(51)%Other486 1,878 (1,392)(74)%Total Revenue$675,785 $615,714 $60,071 10%Catch-up revenue (a), included above$264,791 $324,274 $(59,483)(18)%(