Adeia Inc. ADEA
We (the "Company," "Adeia," "we," "our," and "us") are a technology company and an innovation incubator. We have spent decades investing in advanced research and development to create market-leading technologies for the entertainment, media, consumer electronics, and semiconductor industries. Our innovative solutions support practically every aspect of consumers' day-to-day interaction with media, consumer electronics and entertainment, enabling our customers to build customized, next-generation solutions for users around the globe. We believe our commitment to and investment in innovation has resulted in a leading intellectual property ("IP") licensing platform in these industries, with an extensive portfolio of media and semiconductor IP. In order to serve an increasingly connected world, we invent, develop, acquire and license fundamental innovations that enhance billions of devices and shape the way millions of people explore and experience entertainment and technology across a variety of platforms.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $443.4M | $376.0M | $388.8M | $438.9M | $391.2M | $515.9M | $280.1M | $406.1M | — |
| R&D | $67.5M | $59.6M | $54.3M | $44.6M | $39.6M | $35.1M | $110.8M | $104.9M | — |
| SG&A | $119.5M | $103.4M | $95.2M | $135.6M | $129.2M | $136.8M | $117.7M | $122.8M | — |
| Total operating expenses | $268.4M | $247.4M | $252.6M | $285.9M | $272.2M | $248.5M | $348.8M | $382.2M | — |
| Operating income | $175.0M | $128.6M | $136.2M | $153.1M | $119.0M | $267.5M | -$68.7M | $24.0M | — |
| Pre-tax income | $140.9M | $81.2M | $80.0M | $109.8M | $72.8M | $224.5M | -$83.1M | $6.9M | — |
| Income tax | $29.8M | $16.6M | $12.6M | $28.6M | $4.8M | $15.3M | $19.0M | $8.7M | — |
| Net income | $111.1M | $64.6M | $67.4M | -$295.9M | -$55.5M | $146.8M | -$62.5M | -$289.0K | — |
| EPS, basic | 1.02 | 0.59 | 0.63 | -2.83 | -0.53 | 1.77 | -1.27 | -0.01 | — |
| EPS, diluted | 0.99 | 0.57 | 0.60 | -2.75 | -0.52 | 1.75 | -1.27 | -0.01 | — |
| Shares, diluted (wtd. avg.) | $112.7M | $113.1M | $112.8M | $107.6M | $107.3M | $83.9M | $49.1M | $48.8M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $73.1M | $78.8M | $54.6M | $114.6M | $201.1M | $170.2M | $74.6M | $113.6M | $138.3M |
| Short-term investments | $63.6M | $31.6M | $29.0M | — | $60.5M | $86.9M | $45.8M | — | — |
| Receivables | $28.6M | $34.1M | $39.7M | $58.5M | $64.2M | $116.0M | $24.2M | — | — |
| Inventory | — | — | — | — | $5.1M | $9.8M | $100.0K | — | — |
| Total current assets | $304.0M | $258.4M | $205.8M | $258.7M | $519.5M | $546.3M | $281.2M | — | — |
| Property, plant and equipment | $6.1M | $6.3M | $7.0M | $4.5M | $4.9M | $63.2M | $32.9M | $31.0M | — |
| Goodwill | $313.7M | $313.7M | $313.7M | $313.7M | $314.6M | $314.6M | $385.8M | $385.8M | — |
| Other intangibles | $303.5M | $301.2M | $347.2M | $432.5M | $547.0M | $1.00B | $232.3M | — | — |
| Total assets | $1.04B | $1.10B | $1.11B | $1.21B | $2.47B | $2.70B | $1.05B | — | — |
| Accounts payable | $4.8M | $8.0M | $9.6M | $8.5M | $448.0K | $13.0M | $4.7M | — | — |
| Short-term debt | $21.0M | $21.0M | $66.1M | $109.8M | $36.1M | $43.7M | $0 | — | — |
| Total current liabilities | $79.8M | $73.1M | $102.0M | $166.7M | $189.7M | $224.7M | $48.1M | — | — |
| Long-term debt | $397.5M | $454.4M | $519.5M | $619.6M | $729.4M | $795.7M | $334.7M | — | — |
| Total liabilities | $558.8M | $701.4M | $748.9M | $909.1M | $1.13B | $1.25B | $502.8M | — | — |
| Retained earnings | $92.1M | $2.8M | -$56.3M | -$123.7M | $187.8M | $264.2M | $148.3M | — | — |
| Total equity | $480.5M | $396.6M | $356.6M | $301.4M | $1.34B | $1.45B | $545.1M | $618.1M | $435.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $158.1M | $212.5M | $152.8M | $183.0M | $234.8M | $427.6M | $169.3M | $135.1M | — |
| Depreciation and amortisation | $2.0M | $2.1M | $1.5M | $17.1M | $23.8M | $17.9M | $6.7M | $6.7M | — |
| Stock-based compensation | $34.7M | $26.6M | $18.1M | $52.6M | $58.2M | $39.1M | $31.6M | $31.0M | — |
| Capital expenditure | $1.8M | $1.8M | $3.8M | $12.6M | $13.9M | $7.4M | $8.8M | $3.3M | — |
| Investing cash flow | -$40.3M | -$24.0M | -$34.5M | -$2.9M | -$6.2M | $17.8M | -$19.1M | $11.4M | — |
| Financing cash flow | -$123.5M | -$164.2M | -$178.3M | -$263.3M | -$196.2M | -$351.1M | -$189.2M | -$171.2M | — |
| Dividends paid | $21.8M | $21.8M | $21.3M | $20.9M | $21.0M | $30.8M | $39.5M | $39.2M | — |
| Buybacks | $21.3M | $18.7M | $0 | $17.3M | $84.9M | $172.2M | $4.5M | $44.8M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-076549.
Others in SIC 4841
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CMCSA | COMCAST CORP | $94.41B | 4.9x | -0.0% |
| WBD | Warner Bros. Discovery, Inc. | $70.93B | 97.4x | -5.1% |
| ROKU | ROKU, INC | $23.02B | 263.7x | 15.2% |
| CHTR | CHARTER COMMUNICATIONS, INC. /MO/ | $18.26B | 4.2x | -5.5% |
| LBTYA | Liberty Global Ltd. | $3.61B | — | 12.4% |
| LILA | Liberty Latin America Ltd. | $1.71B | — | -0.1% |
| GLIBA | Liberty Capital Corp/NV | $1.06B | — | 3.0% |
| AMCX | AMC Global Media Inc. | $536.8M | 7.5x | -4.5% |