Company: IDCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001405495-25-000063
Chunk: 42

Company: InterDigital, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 including the agreement signed with Honor in third quarter 2025 and the previously announced agreements with vivo Mobile and OPPO. Additionally, the 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.