Company: IDCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001405495-25-000063
Chunk: 108

Company: InterDigital, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 108
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 Samsung arbitration decision contributed to the increase. These increases were partially offset by catch-up revenue recognized on new agreements and the resolution of litigation in third quarter 2024.

In third quarter 2025 and 2024, 54% and 83%, respectively, of our total revenue was attributable to licensees that individually accounted for 10% or more of our total revenue. In third quarter 2025 and 2024, the following licensees accounted for 10% or more of our total revenue:

Three Months Ended September 30, 20252024Customer A23%20%Customer B20%26%Customer C11%—%Customer D<10%13%Customer E<10%12%Customer F<10%12%

Operating Expenses

The following table summarizes the changes in operating expenses between third quarter 2025 and third quarter 2024 by category (in thousands):

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)%

28

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