InterDigital, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data InterDigital, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	666	533	307	319	359	425	458	550	869	834
Research and development	73.1	75.7	69.7	74.9	204	201	185
Selling, general and administrative	52.1	53.1	51	51.3	49	61.2
General and administrative					49	61.2	47.4	53.3	62.9	68.1
Operating income	437	301	62.6	37.8	55.2	71.2	151	222	440	461
Interest expense	21.1	17.8	36	41	40.8	25.2	29.5	44.8	45.4	40
Interest income	3.75	8.49	14.6	15
Other non-operating income	-15	8.74	5.42	29.1	16.9	11.6	-3.46	57.8	35.3	48.5
Pre-tax income	422	292	32.1	25.9	31.3	57.6	118	235	429	469
Income tax	117	122	-27.4	11	-6.65	15.4	25.5	23.6	70.8	62.8
Net income to minority interests	-3.52	-5.51	-5.56	-5.98	-6.86	-13.1	-1.63	-3.02	0	0
Net income	309	176	65	20.9	44.8	55.3	93.7	214	359	407
EBITDA	490	359	129	115	136	149	229	299	509	538
EPS, basic	8.95	5.09	1.89	0.66	1.46	1.80	3.11	7.97	14.16	15.77
EPS, diluted	8.78	4.93	1.84	0.66	1.44	1.77	3.07	7.62	12.07	11.80
Shares, basic (weighted)	34.5	34.6	34.5	31.5	30.8	30.8	30.1	26.9	25.3	25.8
Shares, diluted (weighted)	35.2	35.8	35.3	31.8	31.1	31.3	30.5	28.1	29.7	34.5
Dividend per share	1.00	1.30	1.40	1.40	1.40	1.40	1.40	1.50	1.70	2.60

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	404	433	475	745	473	706	693	437	527	739
Short-term investments	549	725	471	179	453	235	508	569	431	504
Receivables					16	31.1	53.2	117	188	69.8
Other current assets	39.9	21.5	43.4	8.53	3.73	5.08	2.87	8.9	4.48	6.71
Total current assets	1,221	1,396	1,024	1,016	1,003	1,050	1,345	1,168	1,231	1,388
Property, plant and equipment	12.6	10.7	10.1	10.2	16.6	13.4	11.3	11.6	18.5	23.7
Lease right-of-use assets				24.5	23.3	17.9	18	15.7	15.2	13.8
Goodwill	16.2	16	22.4	22.4	22.4	22.4	22.4	22.4	22.4	24.1
Intangible assets	311	325	455	436	418	364	354
Long-term investments	14.6	19.2	17.4	14.2	15.5	21.3	19.6	31.9	19.9	11.7
Other non-current assets	33.8	38	60.5	76	98.4	103	95.7	150	149	193
Total assets	1,728	1,854	1,627	1,612	1,616	1,628	1,900	1,771	1,836	2,064
Accrued liabilities	22.1	24.6	26.8	29.2	32.4	32.6	23.5	98	25.1	22.3
Deferred revenue	360	307	112	147	220	292	189	154	178	194
Short-term debt	0	0	0	94.2	0		0	579	456	458
Total current liabilities	425	376	179	306	296	372	271	881	726	753
Long-term debt	272	285	317	351	368	423	607	29	15.4	16.3
Lease liabilities				24.1	23	17.8	19.9	17.4	15.8	13.5
Other non-current liabilities	15	10	34.1	46	47.9	61.5	53.6	55.3	54.9	58.5
Total liabilities	973	981	689	826	820	875	1,170	1,189	978	963
Total debt	272	285	317	445	368	423	607	608	472	475
Paid-in capital	684	680	686	727	738	714	717	743	809	817
Retained earnings		1,258	1,436	1,413	1,414	1,441	1,492	1,462	1,776	2,113
Treasury stock	-1,065	1,072	-1,183	-1,379	-1,380	-1,410	-1,484	-1,624	-1,727	-1,830
Other comprehensive income	-0.51	-2.08	-2.47	-0.07	-0.18	-0.57	-0.92	-0.65	-0.46	0.3
Shareholders' equity	740	873	937	762	773	745	725	582	857	1,101
Minority interests			1.28	24.7	23.2	7.68	5.62	0
Total equity	754	873	938	786	797	753	731	582	857	1,101
Total liabilities and equity	1,728	1,854	1,627	1,612	1,616	1,628	1,900	1,771	1,836	2,064
Shares outstanding	34.3	34.6	33.5	30.7	30.8	30.7	29.7	25.6	25.7	25.7

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	305	171	59.5	15	37.9	42.2	92.1	211	359	407
Depreciation and amortization	52.8	57.1	66.1	77.1	81	78.2	78.6	77.8	69.9	77.5
Stock-based compensation	21.8	18.1	7.09	7.6	10.4	28.7	22.1	35.7	46	43.2
Deferred income tax	22.3	70.4	-49.7	2.37	-6.87	-7.55	18.2	-34.5	0.56	-13.5
Change in receivables	170	12.2	31.6	6.74	11.4	-15.1	-22.1	-64.1	-71	118
Change in payables	-5.56	-3.79	6.2	-0.64	-2.85	-1.8	6.87	-2.51	2.28	3.95
Cash from operations	434	316	147	89.4	163	130	286	214	272	544
Capital expenditures	-5.88	-2.07	-2.58	-4.51	-11.8	-2.51	-3.16	-4.27	-5.85	-15.9
Acquisitions	-48	0	-143	0	0
Purchases of investments	-560	-930	-143	-92.4	-530	-528	-533	-836	-542	-480
Cash from investing	-219	-220	70	268	-310	180	-315	-85.2	109	-140
Debt repaid	-230	0	0	-221	-94.9	0	-282	0	-141	-1.5
Stock issued	0.49	0.38	6.72	0	1.89	7.95	1.23	1.25	0.03	7.33
Share buybacks	-64.7	-7.69	-111	-196	-0.35	-30	-74.4	-340	-66.7	-102
Dividends paid	-31.1	-43.3	-48.5	-44.6	-43.1	-43.1	-42.3	-39.5	-41.8	-60.7
Cash from financing	-321	-66.6	-161	-89.3	-133	-74.5	18.6	-389	-272	-201
Net change in cash	-106	28.9	55.7	268	-279	236	-10.1	-260	109	203
Free cash flow	428	314	144	84.9	152	128	283	209	266	529
Interest paid	7.62	4.74	4.74	7.89	8.71	8	13.4	18.6	17.4	16.1
Income taxes paid	109	66.8	33.9	24.2	26.2	23.1	6.81	59.2	67.5

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2026; growth uses fiscal years. Valuation uses the share price of $292.52 on November 10, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	45.1%	Operating income / revenue.
EBITDA margin	54.7%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	45.6%	Pre-tax income / revenue.
Net margin	38.5%	Net income / revenue.
Operating cash flow margin	38.2%	Cash from operations / revenue.
Effective tax rate	15.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	25.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	14.6%	Net income / average total assets.
Return on invested capital (ROIC)	34.0%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	7.4%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	9.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-4.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	22.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	18.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	4.9%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	45.2%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	52.9%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	5.7%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	33.0%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	31.6%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	13.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	63.1%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	55.4%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-2.2%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	56.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	52.3%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	100.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	23.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	27.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	98.9%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	23.2%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	28.4%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	52.9%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	22.9%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	13.2%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	28.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	15.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	7.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	12.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.0%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	16.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	4.2%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	2.1%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.90x	Current assets / current liabilities.
Quick ratio	1.77x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.60x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.25x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	14.2%	Total debt / total assets.
Liabilities / assets	42.1%	Total liabilities / total assets.
Net debt	-$815.6M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	-1.82x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	9.93x	Operating income / interest expense.
Working capital	$626.4M	Current assets - current liabilities.
Goodwill and intangibles / assets	1.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.22B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.38x	Revenue / average total assets.
Fixed asset turnover	38.5x	Revenue / average property, plant and equipment.
Receivables turnover	7.03x	Revenue / average receivables.
Days sales outstanding	52 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	$9.20	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$23.89	Revenue / diluted weighted shares.
Operating cash flow per share	$9.13	Cash from operations / diluted weighted shares.
Book value per share	$48.43	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$47.49	Tangible book value / shares outstanding.
Cash per share	$43.55	(Cash + short-term investments) / shares outstanding.
Payout ratio	22.9%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$7.55B	Share price x shares outstanding.
Enterprise value	$6.73B	Market cap + total debt - cash - short-term investments.
P/E	24.0x	Market cap / net income. Only when net income is positive.
P/S	9.24x	Market cap / revenue.
P/B	6.05x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	6.17x	Market cap / tangible book value, when positive.
P/OCF	24.2x	Market cap / cash from operations, when positive.
EV/Sales	8.24x	Enterprise value / revenue.
EV/EBIT	18.3x	Enterprise value / operating income, when both are positive.
EV/EBITDA	15.1x	Enterprise value / EBITDA, when both are positive.
Earnings yield	4.2%	Net income / market cap (the inverse of P/E).
Dividend yield	1.0%	Dividends paid over the period / market cap.
Shareholder yield	2.1%	(Dividends paid + share buybacks) / market cap.
PEG	0.42x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was InterDigital, Inc.'s revenue in fiscal 2025?

InterDigital, Inc. reported revenue of $834.0M for fiscal 2025, 4% lower than the year before.

Was InterDigital, Inc. profitable in fiscal 2025?

Yes. Net income was $406.6M, a net margin of 48.8%.

How much free cash flow did InterDigital, Inc. generate in fiscal 2025?

Cash from operations of $544.5M minus capital expenditures of $15.9M left free cash flow of $528.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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