Adeia Inc., together with its subsidiaries, operates as a media and semiconductor intellectual property licensing platform company in the United States, Asia, Canada, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers, such as subscription video-on-demand and free advertising-supported streaming service providers, providers that offer online services and devices that enable internet streaming and downloading of movies, television shows, music and other types of media content, as well as content providers, networks, and media companies. It also licenses consumer electronics manufacturers, which includes producers of smart televisions, streaming media devices, video game consoles, mobile devices, content storage devices, and other connected media devices; semiconductors, including providers of memory, logic, sensors, and radio frequency devices; and social media companies that allow users to stream and upload user-generated content. The company licenses its intellectual properties under the Adeia brand. The company was formerly known as Xperi Holding Corporation and changed its name to Adeia Inc. The company was incorporated in 2019 and is headquartered in San Jose, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $443M | $240M | $111M | $149M | 23.1% | 17.9% | 71.9% |
| 2024 | $376M | $207M | $65M | $190M | 16.3% | -3.3% | -4.1% |
| 2023 | $389M | $238M | $67M | $146M | 18.9% | -11.4% | -122.8% |
| 2022 | $439M | $315M | $-296M | $170M | -98.2% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 438.93 | 388.79 | 376.02 | 443.39 |
| Operating Revenue | - | 438.93 | 388.79 | 376.02 | 443.39 |
| Cost Of Revenue | 126.76 | - | - | - | - |
| Gross Profit | 750.94 | - | - | - | - |
| Operating Expense | - | 277.29 | 243.22 | 233.76 | 243.67 |
| Research And Development | - | 44.58 | 54.26 | 59.60 | 67.52 |
| Selling General And Administration | - | 135.63 | 95.23 | 103.44 | 119.53 |
| Total Expenses | - | 277.29 | 243.22 | 233.76 | 243.67 |
| Operating Income | - | 161.65 | 145.56 | 142.26 | 199.71 |
| Total Operating Income As Reported | - | 153.06 | 136.23 | 128.61 | 175 |
| EBITDA | - | 315.49 | 237.82 | 206.50 | 239.86 |
| Normalized EBITDA | - | 324.08 | 247.16 | 220.61 | 264.57 |
| EBIT | - | 155.11 | 142.55 | 133.73 | 181.28 |
| Interest Expense | - | 45.34 | 62.57 | 52.54 | 40.36 |
| Net Interest Income | - | -45.34 | -62.57 | -52.54 | -40.36 |
| Other Non Operating Income Expenses | - | 2.05 | 6.32 | 5.57 | 6.28 |
| Other Income Expense | - | -6.54 | -3.01 | -8.54 | -18.43 |
| Interest Expense Non Operating | - | 45.34 | 62.57 | 52.54 | 40.36 |
| Net Non Operating Interest Income Expense | - | -45.34 | -62.57 | -52.54 | -40.36 |
| Pretax Income | - | 109.77 | 79.98 | 81.19 | 140.92 |
| Tax Provision | - | -28.62 | 12.60 | 16.56 | 29.85 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.80 | -1.47 | -2.88 | -5.24 |
| Net Income Continuous Operations | - | 138.39 | 67.37 | 64.62 | 111.08 |
| Net Income From Continuing And Discontinued Operation | - | -295.88 | 67.37 | 64.62 | 111.08 |
| Net Income From Continuing Operation Net Minority Interest | - | 141.10 | 67.37 | 64.62 | 111.08 |
| Net Income | - | -295.88 | 67.37 | 64.62 | 111.08 |
| Net Income Common Stockholders | - | -295.88 | 67.37 | 64.62 | 111.08 |
| Net Income Including Noncontrolling Interests | - | -298.59 | 67.37 | 64.62 | 111.08 |
| Normalized Income | - | 147.88 | 75.23 | 75.85 | 130.55 |
| Diluted NI Availto Com Stockholders | - | -295.88 | 67.37 | 64.62 | 111.08 |
| Basic Average Shares | - | 104.34 | 106.55 | 108.65 | 108.84 |
| Diluted Average Shares | - | 107.58 | 112.85 | 113.06 | 112.75 |
| Reconciled Depreciation | - | 160.39 | 95.27 | 72.78 | 58.58 |
| Reconciled Cost Of Revenue | 126.76 | - | - | - | - |
| Total Unusual Items | - | -8.59 | -9.33 | -14.11 | -24.71 |
| Total Unusual Items Excluding Goodwill | - | -8.59 | -9.33 | -14.11 | -24.71 |
| Minority Interests | 3.46 | 2.71 | 0 | 0 | - |
| Net Income Discontinuous Operations | -126.90 | -436.98 | 0 | 0 | - |
| Special Income Charges | - | -8.59 | -9.33 | -14.11 | -24.71 |
| Other Special Charges | - | 8.59 | 9.33 | 14.11 | 24.71 |
| Depreciation Amortization Depletion Income Statement | - | 97.08 | 93.74 | 70.72 | 56.62 |
| Depreciation And Amortization In Income Statement | - | 97.08 | 93.74 | 70.72 | 56.62 |
| Amortization | - | 97.08 | 93.74 | 70.72 | 56.62 |
| Amortization Of Intangibles Income Statement | - | 97.08 | 93.74 | 70.72 | 56.62 |
| Depreciation Income Statement | 23.80 | - | - | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Adeia Inc.this co. | ADEA | $3.6B | 32.13β premium | 7.43 | 23.1% | 16.36 |
| Badger Meter, Inc. | BMI | $3.7B | 26.37 | 5.24 | 19.9% | 16.10 |
| Box, Inc. | BOX | $3.7B | 32.14 | -12.39 | -38.6% | 27.13 |
| RingCentral, Inc. | RNG | $3.7B | 85.09 | -6.28 | -7.4% | 14.30 |
| Itron, Inc. | ITRI | $3.6B | 11.94 | 2.09 |
| - |
| - |
| - |
| - |
| 17.5% |
| 9.27 |
| Insight Enterprises, Inc. | NSIT | $3.6B | 22.81 | 2.18 | 9.5% | 11.55 |
| Sunrun Inc. | RUN | $3.5B | 7.86 | 1.13 | 14.4% | 32.03 |
| OSI Systems, Inc. | OSIS | $3.5B | 23.42 | 3.68 | 15.7% | 15.50 |
| Knowles Corporation | KN | $3.4B | 76.19 | 4.34 | 5.7% | 30.44 |
| Peer Median | - | 24.89 | 2.14 | 12.0% | 15.80 | |