InterDigital, Inc.

InterDigital, Inc. is a U.S.-based research and development company that creates foundational wireless, video, and AI technologies and monetizes them through patent licensing. Its portfolio is used in smartphones, consumer electronics, IoT/automotive products, and video streaming services, with revenue driven by license agreements and periodic catch-up payments tied to new or renewed contracts.

64,6 %

48,8 %

−4,0 %

1.84

1.84

— InterDigital, Inc.
%
Device-based licensing70% Patent licenses for smartphones, tablets, PCs, TVs, and other connected devices.
IoT and automotive licensing15% Cellular standards-essential licensing for connected cars, IoT devices, and related verticals.
Video services licensing10% Licensing for subscription and ad-supported streaming services using video technologies.
Research and technology development5% Internal R&D that creates wireless, video, and AI inventions for future licensing.

InterDigital sells primarily to large technology companies that need access to its patent portfolio to make or sell...

  • Smartphone manufacturersprimary

    Buy cellular and Wi-Fi patent licenses to ship standards-compliant handsets and capture 5G demand.

  • Consumer electronics OEMsprimary

    License video, Wi-Fi, and wireless patents for TVs, PCs, tablets, and other devices.

  • IoT and automotive companiessecondary

    Use Avanci-based cellular licenses for connected cars, smart meters, and other IoT products.

  • Video streaming servicessecondary

    License video codec and streaming-related patents for subscription and ad-supported services.

  • Cloud and technology platformsemerging

    License patents tied to video delivery and related cloud-based services.

InterDigital is headquartered in Wilmington, Delaware, and its R&D footprint is spread across the U.S., Canada, the U.K...

  • •Headquartered in Wilmington, Delaware, United States
  • •R&D centers in Pennsylvania, New York, California, Canada, U.K., and France
  • •Additional offices in Belgium, Finland, Canada, and China
  • •Licensing is worldwide, reflecting global handset and streaming markets
  • •Cross-border legal and trade exposure matters for enforcement and collections

InterDigital’s strategy is to expand monetization of its patent portfolio across wireless, video, and AI by signing new...

01
Renew and expand major license agreementsshort-term

Large licensees drive a meaningful share of revenue and renewals can reset royalty economics upward.

02
Broaden licensing into adjacent end marketsmedium-term

Diversification into PCs, IoT, automotive, and streaming reduces reliance on smartphones.

03
Strengthen patent portfolio through R&D and acquisitionsmedium-term

Fresh inventions support future licensing leverage and defend the company’s royalty position.

InterDigital’s business is highly concentrated, so the loss, delay, or renegotiation of a few large licenses can...

high

Customer concentration

A limited number of licensees account for a significant portion of revenue, so one renewal failure can materially reduce cash flow.

Scope
Samsung, Apple, vivo and other large licensees
Materiality
high
high

Patent litigation and arbitration outcomes

The licensing model depends on enforcing IP rights and obtaining favorable royalty terms through disputes or negotiations.

Scope
Streaming, smartphone, and automotive license negotiations
Materiality
high
medium

Geopolitical and trade tensions

International licensing and enforcement can be disrupted by U.S.-China relations and broader trade restrictions.

Scope
China and cross-border technology markets
Materiality
medium
medium

Regulatory privacy and cybersecurity compliance

Global data rules can increase costs and create penalties if compliance systems are inadequate.

Scope
GDPR, UK GDPR, CCPA/CPRA, PIPL
Materiality
medium
Revenue recognition and catch-up revenue
2025 revenue included significant catch-up revenue from Samsung, vivo, HP, and Honor
Litigation-related accounting
One-time contra expense and litigation fee reimbursement affected operating expenses
Income tax estimates
Tax rate can shift materially quarter to quarter
Acquisition and intangible asset accounting
Deep Render acquisition and non-cash patent investments increase complexity

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: 28/04/2026