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Technology · Software - Application · United States · Updated May 10, 8:17pm
$29.53
Price
$3.3B
Market Cap
150
Employees
1.06
Beta
Paul E. Davis
CEO
Business Description
Adeia Inc., together with its subsidiaries, operates as a consumer and entertainment product/solutions licensing company worldwide. It licenses its innovations to companies in the entertainment industry under the Adeia brand. 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, social media, and other new media companies, such as subscription video-on-demand service providers and social media companies; consumer electronics manufacturers, which includes smart televisions, streaming media devices, video game consoles, mobile devices, DVRs, and other connected media devices; and semiconductors, including sensors, radio frequency components, memory, and logic devices. The company was incorporated in 2019 and is headquartered in San Jose, California.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
28.95
Stock Price: $29.53
EPS (Diluted): 1.02
EPS (Diluted): 1.02
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
3.92
Stock Price: $29.53
Total Equity: $480.54M
Shares: 112,954,000
Total Equity: $480.54M
Shares: 112,954,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
9.36
Market Cap: $3.26B
Total Debt: $427.19M
Cash: $73.14M
EBITDA: $239.86M
Total Debt: $427.19M
Cash: $73.14M
EBITDA: $239.86M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$2.2B
Market Cap: $3.26B
Total Debt: $427.19M
Cash: $73.14M
Total Debt: $427.19M
Cash: $73.14M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
87.2%
Gross Profit: $386.77M
Revenue: $443.39M
Revenue: $443.39M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
47.2%
Operating Income: $209.07M
Revenue: $443.39M
Revenue: $443.39M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
25.1%
Net Income: $111.08M
Revenue: $443.39M
Revenue: $443.39M
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
23.1%
Net Income: $111.08M
Total Equity: $480.54M
Total Equity: $480.54M
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
19.7%
Operating Income: $209.07M
Tax Rate: 21.2%
Equity: $480.54M
Total Debt: $427.19M
Cash: $73.14M
Tax Rate: 21.2%
Equity: $480.54M
Total Debt: $427.19M
Cash: $73.14M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
3.81
Current Assets: $303.96M
Current Liabilities: $79.78M
Current Liabilities: $79.78M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.89
Short-Term Debt: $20.98M
Long-Term Debt: $406.21M
Total Debt: $427.19M
Total Equity: $480.54M
Long-Term Debt: $406.21M
Total Debt: $427.19M
Total Equity: $480.54M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$3.93
Revenue: $443.39M
Shares: 112,954,000
Shares: 112,954,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$4.25
Total Equity: $480.54M
Shares: 112,954,000
Shares: 112,954,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$1.32
Operating CF: $158.09M
CapEx: -$8.76M
Shares: 112,954,000
CapEx: -$8.76M
Shares: 112,954,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
1.2%
Last Dividend: N/A
Stock Price: $29.53
Stock Price: $29.53
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $111.08M
Net Income: $111.08M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares ADEA against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $877.7M | $438.9M | $388.8M | $376.0M | $443.4M |
| Cost of Revenue | $354.0M | $114.2M | $95.3M | $72.8M | $56.6M |
| Gross Profit | $523.7M | $324.7M | $293.5M | $303.2M | $386.8M |
| Operating Expenses | $498.3M | $163.1M | $148.0M | $161.0M | $177.7M |
| Operating Income | $25.5M | $161.6M | $145.6M | $142.3M | $209.1M |
| Net Income | -$55.5M | -$295.9M | $67.4M | $64.6M | $111.1M |
| EBITDA | $235.6M | $269.3M | $237.8M | $206.5M | $239.9M |
| EPS | $-0.53 | $-2.84 | $0.63 | $0.59 | $1.02 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $80.4M | $114.6M | $54.6M | $78.8M | $73.1M |
| Total Current Assets | $519.5M | $258.7M | $205.8M | $258.4M | $304.0M |
| Total Assets | $2.5B | $1.2B | $1.1B | $1.1B | $1.0B |
| Current Liabilities | $189.7M | $166.7M | $102.0M | $73.1M | $79.8M |
| Long-Term Debt | $729.4M | $619.6M | $519.6M | $454.4M | $406.2M |
| Total Liabilities | $1.1B | $909.1M | $748.9M | $701.4M | $558.8M |
| Total Equity | $1.3B | $301.4M | $356.6M | $396.6M | $480.5M |
| Retained Earnings | $187.8M | -$123.7M | -$56.3M | $2.8M | $92.1M |
Cash Flow (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $234.8M | $183.0M | $152.8M | $212.5M | $158.1M |
| Capital Expenditure | -$14.1M | -$12.9M | -$6.3M | -$22.3M | -$8.8M |
| Free Cash Flow | $220.7M | $170.2M | $146.4M | $190.2M | $149.3M |
| Acquisitions (net) | -$17.4M | -$50.5M | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$100.8M | -$33.2M | -$11.3M | -$31.5M | -$43.8M |
| Net Change in Cash | $30.9M | -$86.6M | -$60.0M | $24.3M | -$5.7M |
Analyst Estimates (Annual)
| Metric | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| Revenue |
$371.1M $369.0M – $372.3M
|
$429.2M $426.8M – $431.6M
|
$417.1M $414.7M – $418.4M
|
$447.5M $444.9M – $449.0M
|
| EBITDA |
$191.8M $190.7M – $192.4M
|
$221.8M $220.6M – $223.0M
|
$215.5M $214.3M – $216.2M
|
$231.3M $229.9M – $232.0M
|
| Net Income |
$137.6M $136.8M – $138.4M
|
$162.3M $160.7M – $163.9M
|
$159.9M $150.7M – $169.1M
|
$174.6M $173.6M – $175.6M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -50.0% | -11.4% | -3.3% | +17.9% |
| Gross Profit Growth | -38.0% | -9.6% | +3.3% | +27.5% |
| Operating Income Growth | +535.1% | -10.0% | -2.3% | +47.0% |
| Net Income Growth | -433.5% | +122.8% | -4.1% | +71.9% |
| EBITDA Growth | +14.3% | -11.7% | -13.2% | +16.2% |
Dividend History (Last 20)
| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-26 | $0.05 | 2026-05-04 | 2026-05-26 | 2026-06-15 |
| 2026-03-16 | $0.05 | 2026-02-23 | 2026-03-16 | 2026-03-30 |
| 2025-11-24 | $0.05 | 2025-11-03 | 2025-11-24 | 2025-12-15 |
| 2025-08-26 | $0.05 | 2025-08-01 | 2025-08-26 | 2025-09-16 |
| 2025-05-27 | $0.05 | 2025-05-05 | 2025-05-27 | 2025-06-17 |
| 2025-03-10 | $0.05 | 2025-02-18 | 2025-03-10 | 2025-03-31 |
| 2024-11-27 | $0.05 | 2024-10-23 | 2024-11-27 | 2024-12-18 |
| 2024-08-27 | $0.05 | 2024-07-24 | 2024-08-27 | 2024-09-17 |
| 2024-05-24 | $0.05 | 2024-04-25 | 2024-05-28 | 2024-06-18 |
| 2024-03-11 | $0.05 | 2024-02-08 | 2024-03-12 | 2024-03-26 |
| 2023-11-24 | $0.05 | 2023-11-06 | 2023-11-27 | 2023-12-18 |
| 2023-08-25 | $0.05 | 2023-08-07 | 2023-08-28 | 2023-09-18 |
| 2023-05-26 | $0.05 | 2023-05-04 | 2023-05-30 | 2023-06-20 |
| 2023-03-14 | $0.05 | 2023-02-22 | 2023-03-15 | 2023-03-29 |
| 2022-11-29 | $0.05 | 2022-11-09 | 2022-11-30 | 2022-12-21 |
| 2022-08-26 | $0.05 | 2022-07-29 | 2022-08-29 | 2022-09-19 |
| 2022-05-27 | $0.05 | 2022-04-29 | 2022-05-31 | 2022-06-21 |
| 2022-03-15 | $0.05 | 2022-02-03 | 2022-03-16 | 2022-03-30 |
| 2021-11-26 | $0.05 | 2021-10-29 | 2021-11-29 | 2021-12-20 |
| 2021-08-23 | $0.05 | 2021-08-03 | 2021-08-24 | 2021-09-14 |
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27