Company: IDCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001405495-25-000022
Chunk: 52

Company: InterDigital, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 52
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 Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses". The amendments in the ASU require disclosures about specific types of expenses included in the expense captions presented on the Consolidated Statements of Income, as well as disclosures about selling expenses. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, with early adoption allowed. We are currently evaluating the impact of adoption on our financial disclosures.

2.  REVENUE

Disaggregated RevenueThe following table presents the disaggregation of our revenue for the three months ended March 31, 2025 and 2024 (in thousands):Three Months Ended March 31, 20252024Increase/(Decrease)Smartphone$183,991 $80,280 $103,711 129 %CE, IoT/Auto26,267 182,543 (156,276)(86)%Other249 719 (470)(65)%Total Revenues$210,507 $263,542 $(53,035)(20)%Catch-up revenues (a), included above$84,785 $166,678 $(81,893)(49)%(a)    Catch-up revenues represent revenue associated with reporting periods prior to the execution of the license agreement.During the three months ended March 31, 2025, we recognized $68.6 million of revenue that had been included in deferred revenue as of the beginning of the period. As of March 31, 2025, we had contract assets of $190.9 million included within "Accounts receivable" and $3.0 million included within "Other non-current assets, net" in the condensed consolidated balance sheet. As of December 31, 2024, we had contract assets of $162.8 million included within "Accounts receivable" in the condensed consolidated balance sheet.

9

Contracted RevenueBased on contracts signed and committed as of March 31, 2025, we expect to recognize the following revenue from dynamic fixed-fee royalty payments over the term of such contracts (in thousands):Revenue (a)Remainder of 2025$341,744 2026362,495 2027350,978 2028259,821 2029206,185 Thereafter179,697 Total Revenue$1,700,920 (a)    This table includes estimated revenue related to our Samsung and Lenovo arbitrations.