Adeia Inc. is a pure-play intellectual property licensing company based in San Jose, California. The company invents, develops, and licenses foundational technologies for the media and semiconductor industries. Adeia is distinctive for its extensive patent portfolio, which powers content discovery, digital entertainment, and advanced semiconductor packaging solutions globally.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
443,386
376,024
388,788
438,933
Gross Profit
443,386
376,024
388,788
438,933
Selling, General & Administrative Expenses
119,534
103,443
95,226
135,630
Depreciation & Amortization Expenses
56,621
70,721
93,735
97,077
Research & Development Expenses
67,519
59,598
54,264
44,579
Other Operating Expenses
24,709
13,653
9,333
8,587
Operating Profit
175,003
128,609
136,230
153,060
Interest Expense
(40,359)
(52,539)
(62,574)
(45,335)
Non-Operating Income
6,279
5,117
6,320
2,047
Total Non-Operating Income
(34,080)
(47,422)
(56,254)
(43,288)
Income Before Provision for Income Taxes
140,923
81,187
79,976
109,772
Provision for Income Taxes
29,848
16,564
12,604
(28,620)
Consolidated Net Income
111,075
64,623
67,372
138,392
Net Income Attributable to Minority Interests and Other
—
—
—
(2,706)
Net Income Attributable to Discontinued Operations
—
—
—
(436,978)
Net Income Attributable to Common Shareholders
111,075
64,623
67,372
(295,880)
Basic EPS
1.02
0.59
0.63
1.33
Diluted EPS
0.99
0.57
0.60
1.29
Basic Weighted Average Shares Outstanding
108,845
108,647
106,554
104,336
Diluted Weighted Average Shares Outstanding
112,747
113,061
112,849
107,580
Shares Outstanding
108,999
108,072
107,384
105,167
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
73,136
78,825
54,560
114,555
Short-Term Investments
63,597
31,567
29,012
—
Total Cash and Cash Equivalents
136,733
110,392
83,572
114,555
Accounts Receivable
158,460
138,192
114,570
132,234
Total Trade Receivables
158,460
138,192
114,570
132,234
Other Current Assets
8,765
9,792
7,700
11,924
Total Current Assets
303,958
258,376
205,842
258,713
Net Property, Plant & Equipment
14,290
15,600
16,455
10,543
Net Intangible Assets
303,456
301,177
347,172
432,476
Goodwill
313,660
313,660
313,660
313,660
Other Long-Term Assets
103,939
209,148
222,427
195,134
Total Assets
1,039,303
1,097,961
1,105,556
1,210,526
Accounts Payable
4,827
8,045
9,623
8,546
Accrued Expenses
34,250
24,517
19,138
31,277
Current Portion of Long-Term Debt
20,975
21,021
66,145
109,813
Unearned Revenue
19,726
19,523
7,132
17,076
Total Current Liabilities
79,778
73,106
102,038
166,712
Long-Term Debt
397,479
454,435
519,550
619,580
Leases
8,734
9,480
9,730
4,794
Other Long-Term Liabilities
72,771
164,369
117,616
118,028
Total Long-Term Liabilities
478,984
628,284
646,896
742,402
Total Liabilities
558,762
701,390
748,934
909,114
Common Stock
128
125
121
117
Treasury Stock
(297,778)
(255,301)
(222,497)
(211,223)
Additional Paid-in Capital
685,992
648,914
635,331
636,266
Accumulated Other Comprehensive Income
60
(1)
(8)
(51)
Retained Earnings
92,139
2,834
(56,325)
(123,697)
Total Common Shareholders' Equity
480,541
396,571
356,622
301,412
Total Shareholders' Equity
480,541
396,571
356,622
301,412
Total Liabilities and Shareholders' Equity
1,039,303
1,097,961
1,105,556
1,210,526
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
111,075
64,623
67,372
(298,586)
Depreciation & Amortization
58,581
72,779
95,274
160,387
Share-Based Compensation Expense
34,674
26,641
18,057
52,626
Other Adjustments
36,569
(4,786)
15,442
318,848
Changes in Trade Receivables
(59,698)
(11,796)
(16,035)
(61,781)
Changes in Accounts Payable
(2,457)
(372)
(894)
18,601
Changes in Accrued Expenses
(776)
3,684
(14,604)
(3,614)
Changes in Unearned Revenue
(14,377)
54,274
(7,355)
(215)
Changes in Other Operating Activities
(5,505)
7,414
(4,502)
(3,243)
Cash from Operating Activities
158,086
212,461
152,755
183,023
Capital Expenditure
(1,806)
(1,821)
(3,812)
(12,576)
Proceeds from Sale of Property, Plant & Equipment
—
—
—
86
Purchases of Intangible Assets
(6,950)
(20,476)
(2,531)
(290)
Purchases of Investments
(57,301)
(33,175)
(42,845)
(4,490)
Proceeds from Sale of Investments
25,796
31,450
14,700
64,830
Payments for Business Acquisitions
—
—
—
(50,473)
Cash from Investing Activities
(40,261)
(24,022)
(34,488)
(2,913)
Repayments of Long-Term Debt
(60,356)
(114,167)
(148,000)
(40,500)
Net Issuance / (Repayments) of Long-Term Debt
(60,356)
(114,167)
(148,000)
(40,500)
Issuance of Common Shares
2,404
3,247
2,351
14,260
Repurchases of Common Shares
(43,792)
(31,487)
(11,274)
(33,201)
Net Issuance / (Repurchases) of Common Shares
(41,388)
(28,240)
(8,923)
(18,941)
Common Share Dividends Paid
(21,770)
(21,767)
(21,339)
(20,888)
Other Financing Activities
—
—
—
(182,928)
Cash from Financing Activities
(123,514)
(164,174)
(178,262)
(263,257)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
—
—
—
(3,419)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash