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InterDigital, Inc.

IDCC NASDAQ Categories PDF
Technology · Software - Application · United States · Updated May 10, 9:09pm
$279.61
Price
$7.2B
Market Cap
430
Employees
1.49
Beta
Lawrence Chen
CEO
Business Description

InterDigital, Inc., together with its subsidiaries, designs and develops technologies that enable and enhance wireless communications in the United States, China, South Korea, Japan, Taiwan, and Europe. It provides technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G, 5G, and IEEE 802-related products and networks. The company 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 NR, beyond 5G (B5G), extended reality over wireless, and cellular Internet of Things (IoT) areas, as well as technologies for automobiles, wearables, smart homes, drones, and other connected consumer electronic products. It also provides video coding and transmission technologies; and engages in the research and development of artificial intelligence. The company's patented technologies are used in various products that include cellular phones, tablets, notebook computers, and wireless personal digital assistants; wireless infrastructure equipment, which comprise base stations; components, dongles, and modules for wireless devices; and IoT devices and software platforms. As of December 31, 2021, it had a portfolio of approximately 27,500 patents and patent applications related to wireless communications, video coding, display technology, and other areas. InterDigital, Inc. was incorporated in 1972 and is headquartered in Wilmington, Delaware.

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)
CALC
Stock Price / EPS (Diluted)
17.73
Stock Price: $279.61
EPS (Diluted): 15.77
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
7.46
Stock Price: $279.61
Total Equity: $1.10B
Shares: 34,474,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
13.61
Market Cap: $7.23B
Total Debt: $492.30M
Cash: $738.96M
EBITDA: $586.19M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$8.0B
Market Cap: $7.23B
Total Debt: $492.30M
Cash: $738.96M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
80.3%
Gross Profit: $669.67M
Revenue: $834.02M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
55.3%
Operating Income: $460.85M
Revenue: $834.02M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
48.8%
Net Income: $406.64M
Revenue: $834.02M
ROE (Profit from shareholder equity)
CALC
Net Income / Total Equity
36.9%
Net Income: $406.64M
Total Equity: $1.10B
ROIC (Profit from all invested capital)
CALC
NOPAT / Invested Capital
46.7%
Operating Income: $460.85M
Tax Rate: 13.4%
Equity: $1.10B
Total Debt: $492.30M
Cash: $738.96M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.84
Current Assets: $1.39B
Current Liabilities: $752.50M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.45
Short-Term Debt: $462.47M
Long-Term Debt: $29.83M
Total Debt: $492.30M
Total Equity: $1.10B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$24.19
Revenue: $834.02M
Shares: 34,474,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$31.94
Total Equity: $1.10B
Shares: 34,474,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$15.33
Operating CF: $544.45M
CapEx: -$15.89M
Shares: 34,474,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.7%
Last Dividend: N/A
Stock Price: $279.61
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $406.64M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares IDCC 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 $425.4M $457.8M $549.6M $868.5M $834.0M
Cost of Revenue $64.6M $71.4M $79.4M $169.2M $164.3M
Gross Profit $360.8M $386.4M $470.2M $699.3M $669.7M
Operating Expenses $289.6M $235.9M $248.6M $259.8M $208.8M
Operating Income $71.2M $150.5M $221.6M $439.5M $460.9M
Net Income $55.3M $93.7M $214.1M $358.6M $406.6M
EBITDA $161.0M $225.6M $357.2M $544.8M $586.2M
EPS $1.80 $3.11 $7.97 $14.16 $15.77
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $706.3M $693.5M $437.1M $527.4M $739.0M
Total Current Assets $1.1B $1.3B $1.2B $1.2B $1.4B
Total Assets $1.6B $1.9B $1.8B $1.8B $2.1B
Current Liabilities $371.6M $271.3M $881.1M $725.8M $752.5M
Long-Term Debt $422.7M $607.1M $29.0M $15.4M $29.8M
Total Liabilities $875.2M $1.2B $1.2B $978.3M $963.2M
Total Equity $745.2M $724.9M $581.5M $857.2M $1.1B
Retained Earnings $1.4B $1.5B $1.5B $1.8B $2.1B
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $129.1M $286.0M $213.7M $271.5M $544.5M
Capital Expenditure -$38.3M -$42.8M -$44.6M -$5.8M -$15.9M
Free Cash Flow $90.8M $243.3M $169.1M $265.7M $528.6M
Acquisitions (net) $2.4M $1.5M $0 $0 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks -$30.0M -$74.4M -$339.7M -$66.7M -$102.3M
Net Change in Cash $235.6M -$10.1M -$260.2M $108.6M $202.7M
Analyst Estimates (Annual)
Metric 2025 2026 2027 2028
Revenue $826.4M
$826.4M – $826.5M
 $706.2M
$704.1M – $708.3M
 $730.2M
$695.9M – $774.4M
 $1.0B
$971.8M – $1.1B
EBITDA $471.3M
$471.2M – $471.3M
 $402.7M
$401.5M – $403.9M
 $416.4M
$396.8M – $441.6M
 $591.5M
$554.2M – $625.3M
Net Income $438.7M
$433.2M – $444.1M
 $247.5M
$240.2M – $254.7M
 $287.4M
$238.6M – $361.8M
 $500.1M
$466.8M – $546.3M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +7.6% +20.1% +58.0% -4.0%
Gross Profit Growth +7.1% +21.7% +48.7% -4.2%
Operating Income Growth +111.4% +47.2% +98.3% +4.9%
Net Income Growth +69.4% +128.5% +67.5% +13.4%
EBITDA Growth +40.2% +58.3% +52.5% +7.6%
Dividend History (Last 20)
Date Dividend Declaration Record Payment
2026-04-08 $0.70 2026-03-24 2026-04-08 2026-04-22
2026-01-14 $0.70 2025-12-04 2026-01-14 2026-01-28
2025-10-08 $0.70 2025-09-17 2025-10-08 2025-10-22
2025-07-09 $0.60 2025-06-12 2025-07-09 2025-07-23
2025-04-09 $0.60 2025-02-06 2025-04-09 2025-04-23
2025-01-08 $0.45 2024-12-05 2025-01-08 2025-01-22
2024-10-09 $0.45 2024-09-10 2024-10-09 2024-10-23
2024-07-10 $0.40 2024-06-06 2024-07-10 2024-07-24
2024-04-09 $0.40 2024-03-20 2024-04-10 2024-04-24
2024-01-09 $0.40 2023-11-01 2024-01-10 2024-01-24
2023-10-10 $0.40 2023-09-13 2023-10-11 2023-10-25
2023-07-11 $0.35 2023-06-08 2023-07-12 2023-07-26
2023-04-11 $0.35 2023-03-29 2023-04-12 2023-04-26
2023-01-10 $0.35 2022-12-02 2023-01-11 2023-01-25
2022-10-11 $0.35 2022-09-08 2022-10-12 2022-10-26
2022-07-12 $0.35 2022-06-01 2022-07-13 2022-07-27
2022-04-12 $0.35 2022-03-30 2022-04-13 2022-04-27
2022-01-11 $0.35 2021-12-10 2022-01-12 2022-01-26
2021-10-12 $0.35 2021-09-10 2021-10-13 2021-10-27
2021-07-13 $0.35 2021-06-03 2021-07-14 2021-07-28
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27