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InterDigital, Inc. operates as a global research and development company focuses on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing various products and services, including makers of wireless communications devices, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming. It designs and develops a range of innovations for use in digital cellular and wireless products and networks. The company also develops cellular technologies, such as technologies related to CDMA, TDMA, OFDM/OFDMA, and MIMO for use in 2G, 3G, 4G, and 5G wireless networks, as well as mobile terminal devices; and 3GPP technology portfolio in 5G advanced and 6G, as well as technologies for mobile phones, automobiles and autonomous vehicles, wearables, smart factories and smart homes, robots, drones, and other connected consumer electronic products. In addition, it provides video coding and transmission technologies, and artificial intelligence and machine learning solutions. Further, the company's patented technologies are used in various products that include smartphones, tablets, consumer electronics, base stations, televisions, laptops, gaming consoles, set-top boxes, streaming devices, and connected automobiles, as well as patented technologies are used in various services, such as video streaming, user generated content sharing, video conferencing, video gaming, and other cloud-based services. InterDigital, Inc. was incorporated in 1972 and is headquartered in Wilmington, Delaware.
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 | $834M | $587M | $407M | $474M | 36.9% | -4.0% | 13.4% |
| 2024 | $869M | $545M | $359M | $213M | 41.8% | 58.0% | 67.5% |
| 2023 | $550M | $357M | $214M | $169M | 36.8% | 20.1% | 128.5% |
| 2022 | $458M | $226M | $94M | $243M | 12.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 457.79 | 549.59 | 868.52 | 834.01 |
| Cost Of Revenue | 71.42 | 79.40 | 169.24 | 93.64 |
| Gross Profit | 386.38 | 470.19 | 699.28 | 740.37 |
| Operating Expense | 232.58 | 248.58 | 259.76 | 279.52 |
| Operating Income | 153.80 | 221.62 | 439.51 | 460.85 |
| EBITDA | 225.63 | 357.22 | 544.75 | 586.92 |
| EBIT | 147.06 | 279.43 | 474.84 | 509.39 |
| Pretax Income | 117.56 | 234.61 | 429.42 | 469.43 |
| Tax Provision | 25.50 | 23.56 | 70.80 | 62.79 |
| Net Income | 93.69 | 214.07 | 358.61 | 406.64 |
| Net Income Common Stockholders | 93.69 | 214.07 | 358.61 | 406.64 |
| Total Expenses | 304 | 327.97 | 429 | 373.16 |
| Interest Expense | 29.50 | 44.82 | 45.42 | 39.96 |
| Interest Income | 14.45 | 46.63 | 40.40 | 40.02 |
| Research And Development | 185.20 | 195.28 | 196.90 | 211.43 |
| Selling General And Administration | 47.38 | 53.29 | 62.86 | 68.09 |
| Normalized EBITDA | 240.10 | 357.22 | 544.75 | 586.92 |
| Normalized Income | 105.02 | 214.07 | 358.61 | 406.64 |
| Basic EPS | 3.11 | 7.97 | 14.16 | 15.77 |
| Diluted EPS | 3.07 | 7.62 | 12.07 | 11.80 |
| Tax Effect Of Unusual Items | -3.14 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.22 | 0.10 | 0.17 | 0.13 |
| Total Unusual Items | -14.47 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | -14.47 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 93.69 | 214.07 | 358.61 | 406.64 |
| Reconciled Depreciation | 78.57 | 77.79 | 69.91 | 77.53 |
| Reconciled Cost Of Revenue | 71.42 | 79.40 | 169.24 | 93.64 |
| Net Interest Income | -15.04 | 1.81 | -5.03 | 0.06 |
| Net Income From Continuing And Discontinued Operation | 93.69 | 214.07 | 358.61 | 406.64 |
| Total Operating Income As Reported | 150.52 | 221.62 | 439.51 | 460.85 |
| Diluted Average Shares | 30.48 | 28.10 | 29.71 | 34.47 |
| Basic Average Shares | 30.11 | 26.86 | 25.32 | 25.79 |
| Diluted NI Availto Com Stockholders | 93.69 | 214.07 | 358.61 | 406.64 |
| Minority Interests | 1.63 | 3.02 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 92.06 | 211.05 | 358.61 | 406.64 |
| Net Income Continuous Operations | 92.06 | 211.05 | 358.61 | 406.64 |
| Other Income Expense | -21.19 | 11.18 | -5.07 | 8.52 |
| Other Non Operating Income Expenses | -6.72 | 11.18 | -5.07 | 8.52 |
| Special Income Charges | -14.47 | 0 | 0 | 0 |
| Other Special Charges | 11.19 | 0 | 0 | 0 |
| Impairment Of Capital Assets | 2.43 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0.85 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -15.04 | 1.81 | -5.03 | 0.06 |
| Interest Expense Non Operating | 29.50 | 44.82 | 45.42 | 39.96 |
| Interest Income Non Operating | 14.45 | 46.63 | 40.40 | 40.02 |
| General And Administrative Expense | 47.38 | 53.29 | 62.86 | 68.09 |
| Other Gand A | 47.38 | 53.29 | 62.86 | 68.09 |
| Operating Revenue | 456.69 | 548.18 | 866.22 | 833.49 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| InterDigital, Inc.this co. | IDCC | $9.1B | 29.86↓ discount | 8.23 | 36.9% | 15.41 |
| Vicor Corporation | VICR | $11.6B | 86.14 | 16.33 | 16.7% | 141.67 |
| DigitalOcean Holdings, Inc. | DOCN | $10.1B | 38.44 | -310.48 | -903.7% | 36.44 |
| Applied Digital Corporation | APLD | $9.3B | - | 5.90 | -36.5% | 821.55 |
| Clearwater Analytics Holdings, Inc. | CWAN | $7.2B |
| - |
| 3.48 |
| -1.9% |
| 91.05 |
| Silicon Laboratories Inc. | SLAB | $7.2B | - | 6.54 | -5.9% | -207.60 |
| Cipher Digital Inc. | CIFR | $6.9B | - | 8.51 | -98.4% | 38.15 |
| D-Wave Quantum Inc. | QBTS | $6.8B | - | 7.69 | -41.7% | -59.89 |
| Core Scientific, Inc. | CORZ | $6.2B | - | -6.38 | 30.0% | -65.36 |
| Peer Median | - | 62.29 | 6.22 | -21.2% | 37.29 | |