InterDigital, Inc. IDCC
InterDigital, Inc. ("InterDigital") is a global research and development company focused primarily on wireless, video, artificial intelligence ("AI"), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, internet of things ("IoT") devices, cars and other motor vehicles and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today's most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology used in video-enabled products and services. Our AI research effort is focused on the intersection of AI with both wireless and video technologies.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $834.0M | $868.5M | $549.6M | $457.8M | $425.4M | $359.0M | $318.9M | $307.4M | $532.9M | $665.9M |
| R&D | — | — | — | $185.2M | $200.5M | $204.4M | $74.9M | $69.7M | $75.7M | $73.1M |
| SG&A | $68.1M | $62.9M | $53.3M | $47.4M | $61.2M | $49.0M | $51.3M | $51.0M | $53.1M | $52.1M |
| Total operating expenses | $373.2M | $429.0M | $328.0M | $307.3M | $354.2M | $303.8M | $281.1M | $244.8M | $231.4M | $228.5M |
| Operating income | $460.9M | $439.5M | $221.6M | $150.5M | $71.2M | $55.2M | $37.8M | $62.6M | $301.5M | $437.3M |
| Interest expense | $40.0M | $45.4M | $44.8M | $29.5M | $25.2M | $40.8M | $41.0M | $36.0M | $17.8M | $21.1M |
| Pre-tax income | $469.4M | $429.4M | $234.6M | $117.6M | $57.6M | $31.3M | $25.9M | $32.1M | $292.4M | $422.3M |
| Income tax | $62.8M | $70.8M | $23.6M | $25.5M | $15.4M | $6.6M | $11.0M | $27.4M | $121.7M | $116.8M |
| Net income | $406.6M | $358.6M | $214.1M | $93.7M | $55.3M | $44.8M | $20.9M | $65.0M | $176.2M | $309.0M |
| EPS, basic | 15.77 | 14.16 | 7.97 | 3.11 | 1.80 | 1.46 | 0.66 | 1.89 | 5.09 | 8.95 |
| EPS, diluted | 11.80 | 12.07 | 7.62 | 3.07 | 1.77 | 1.44 | 0.66 | 1.84 | 4.93 | 8.78 |
| Shares, diluted (wtd. avg.) | $34.5M | $29.7M | $28.1M | $30.5M | $31.3M | $31.1M | $31.8M | $35.3M | $35.8M | $35.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $739.0M | $527.4M | $443.0M | $703.2M | $713.2M | $477.7M | $757.1M | $488.7M | $433.0M | $404.1M |
| Short-term investments | $504.2M | $430.8M | $569.3M | $508.3M | $235.3M | $453.2M | $179.2M | $470.7M | $725.0M | $548.7M |
| Receivables | $69.8M | $188.3M | $117.3M | $53.2M | $31.1M | $16.0M | — | — | — | — |
| Total current assets | $1.39B | $1.23B | $1.17B | $1.34B | $1.05B | $1.00B | $1.02B | $1.02B | $1.40B | $1.22B |
| Property, plant and equipment | $23.7M | $18.5M | $11.6M | $11.3M | $13.4M | $16.6M | $10.2M | $10.1M | $10.7M | $12.6M |
| Goodwill | $24.1M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $22.4M | $16.0M | $16.2M |
| Other intangibles | — | — | — | $354.0M | $363.6M | $418.3M | $436.3M | $454.6M | $325.4M | $310.8M |
| Total assets | $2.06B | $1.84B | $1.77B | $1.90B | $1.63B | $1.62B | $1.61B | $1.63B | $1.85B | $1.73B |
| Short-term debt | $458.4M | $456.3M | $578.8M | $0 | — | $0 | $94.2M | $0 | $0 | $0 |
| Total current liabilities | $752.5M | $725.8M | $881.1M | $271.3M | $371.6M | $295.8M | $305.6M | $179.4M | $376.4M | $425.5M |
| Long-term debt | $16.3M | $15.4M | $29.0M | $607.1M | $422.7M | $368.0M | $350.6M | $317.4M | $285.1M | $272.0M |
| Total liabilities | $963.2M | $978.3M | $1.19B | $1.17B | $875.2M | $819.7M | $825.8M | $688.5M | $981.3M | $973.5M |
| Retained earnings | $2.11B | $1.78B | $1.46B | $1.49B | $1.44B | $1.41B | $1.41B | — | -$1.25B | — |
| Total equity | $1.10B | $857.2M | $581.5M | $730.5M | $752.9M | $796.6M | $786.3M | $938.0M | $873.1M | $754.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $544.5M | $271.5M | $213.7M | $286.0M | $130.4M | $163.5M | $89.4M | $146.8M | $315.8M | $434.2M |
| Depreciation and amortisation | $77.5M | $69.9M | $77.8M | $78.6M | $78.2M | $81.0M | $77.1M | $66.1M | $57.1M | $52.8M |
| Stock-based compensation | $43.2M | $46.0M | $35.7M | $22.1M | $28.7M | $10.4M | $7.6M | $7.1M | $18.1M | $21.8M |
| Capital expenditure | $15.9M | $5.8M | $4.3M | $3.2M | $2.5M | $11.8M | $4.5M | $2.6M | $2.1M | $5.9M |
| Investing cash flow | -$140.3M | $109.5M | -$85.2M | -$314.7M | $179.6M | -$310.0M | $268.3M | $70.0M | -$220.3M | -$219.0M |
| Financing cash flow | -$201.4M | -$272.4M | -$388.8M | $18.6M | -$74.5M | -$132.9M | -$89.3M | -$161.1M | -$66.6M | -$321.3M |
| Dividends paid | $60.7M | $41.8M | $39.5M | $42.3M | $43.1M | $43.1M | $44.6M | $48.5M | $43.3M | $31.1M |
| Buybacks | $102.3M | $66.7M | $339.7M | $74.4M | $30.0M | $349.0K | $196.3M | $110.5M | $7.7M | $64.7M |
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 0001405495-26-000043.
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