Company: IDCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001405495-25-000063
Chunk: 45

Company: InterDigital, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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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 internal infrastructure and a $2.5 million increase in share-based compensation due to higher accrual rates driven by licensing successes. 

Research and portfolio development expense: Research and portfolio development expense increased slightly compared to first nine months 2024 primarily due to the above noted increase in depreciation and amortization.

Licensing expense: Licensing expense decreased by $87.9 million compared to first nine months 2024 primarily driven by the above-noted decreased revenue share costs and intellectual property enforcement costs, partially offset by the one-time net litigation fee reimbursement.

General and administrative expense: General and administrative expense increased compared to first nine months 2024 primarily due to the above noted increases in share-based compensation and depreciation of internal infrastructure investments.

Non-Operating Income (expense), net

The following table compares first nine months 2025 non-operating income, net to first nine months 2024 non-operating expense, net (in thousands):

Nine Months Ended September 30,20252024Increase/(Decrease)Interest expense$(29,427)$(34,086)$4,659 14%Interest and investment income27,576 31,078 (3,502)(11)%Other non-operating income, net8,014 2,405 5,609 233%Total non-operating income (expense), net$6,163 $(603)$6,766 1,122%

The change in non-operating income (expense), net was primarily due to a