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InterDigital vs Research Frontiers: revenue, profit, margins and growth compared

InterDigital brought in $834M of revenue in fiscal 2025, Research Frontiers $1.1M in fiscal 2025. Revenue changed by -4.0% at InterDigital and -16.0% at Research Frontiers on the year before, so InterDigital grew faster. InterDigital kept 48.8% of its revenue as net profit, Research Frontiers -182.4%. Free cash flow was $528.6M at InterDigital and -$1.3M at Research Frontiers.

Side by side, latest fiscal year

IDCCREFR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$834M$1.1M
Revenue growth-4.0%-16.0%
Net income$406.6M-$2M
Net margin48.8%-182.4%
Free cash flow$528.6M-$1.3M
Free cash flow margin63.4%-118.6%
Earnings per share (diluted)$11.80-$0.06
Cash$739M$664.3K
Debt$474.7Mn/a
Price to earnings28.3n/a
Market value$8.6B$27.6M
Dividend yield0.78%n/a
Rank by revenue in sector#13 of 49 · Other#45 of 49 · Other

Over the years

Revenue
IDCC FY2018: $307.4MIDCC FY2019: $318.9MIDCC FY2020: $359MIDCC FY2021: $425.4MIDCC FY2022: $457.8MIDCC FY2023: $549.6MIDCC FY2024: $868.5MIDCC FY2025: $834MREFR FY2018: $1.5MREFR FY2019: $1.6MREFR FY2020: $828.5KREFR FY2021: $1.3MREFR FY2022: $539.7KREFR FY2023: $909.6KREFR FY2024: $1.3MREFR FY2025: $1.1MFY18FY19FY20FY21FY22FY23FY24FY25
IDCC $834MREFR $1.1M
Net income
IDCC FY2018: $65MIDCC FY2019: $20.9MIDCC FY2020: $44.8MIDCC FY2021: $55.3MIDCC FY2022: $93.7MIDCC FY2023: $214.1MIDCC FY2024: $358.6MIDCC FY2025: $406.6MREFR FY2018: -$2.7MREFR FY2019: -$3.8MREFR FY2020: -$2.3MREFR FY2021: -$1.8MREFR FY2022: -$2.7MREFR FY2023: -$1.9MREFR FY2024: -$1.3MREFR FY2025: -$2MFY18FY19FY20FY21FY22FY23FY24FY25
IDCC $406.6MREFR -$2M
Net margin
IDCC FY2018: 21.2%IDCC FY2019: 6.6%IDCC FY2020: 12.5%IDCC FY2021: 13.0%IDCC FY2022: 20.5%IDCC FY2023: 39.0%IDCC FY2024: 41.3%IDCC FY2025: 48.8%REFR FY2018: -180.4%REFR FY2019: -243.5%REFR FY2020: -282.6%REFR FY2021: -146.2%REFR FY2022: -494.6%REFR FY2023: -209.8%REFR FY2024: -98.2%REFR FY2025: -182.4%FY18FY19FY20FY21FY22FY23FY24FY25
IDCC 48.8%REFR -182.4%
Revenue growth
IDCC FY2019: +3.7%IDCC FY2020: +12.6%IDCC FY2021: +18.5%IDCC FY2022: +7.6%IDCC FY2023: +20.1%IDCC FY2024: +58.0%IDCC FY2025: -4.0%REFR FY2019: +5.1%REFR FY2020: -47.0%REFR FY2021: +52.5%REFR FY2022: -57.3%REFR FY2023: +68.5%REFR FY2024: +46.8%REFR FY2025: -16.0%FY19FY20FY21FY22FY23FY24FY25
IDCC -4.0%REFR -16.0%
Free cash flow
IDCC FY2018: $144.2MIDCC FY2019: $84.9MIDCC FY2020: $151.7MIDCC FY2021: $127.9MIDCC FY2022: $282.9MIDCC FY2023: $209.5MIDCC FY2024: $265.7MIDCC FY2025: $528.6MREFR FY2018: -$2.1MREFR FY2019: -$2.1MREFR FY2020: -$2.3MREFR FY2021: -$1.8MREFR FY2022: -$2.2MREFR FY2023: -$2.3MREFR FY2024: -$790.4KREFR FY2025: -$1.3MFY18FY19FY20FY21FY22FY23FY24FY25
IDCC $528.6MREFR -$1.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about InterDigital and Research Frontiers

Which is bigger by revenue, InterDigital or Research Frontiers?

InterDigital is bigger by revenue: $834M in fiscal 2025, against $1.1M for Research Frontiers in fiscal 2025.

Which keeps more of its revenue as profit, InterDigital or Research Frontiers?

InterDigital had a net margin of 48.8% in fiscal 2025; Research Frontiers had -182.4% in fiscal 2025.

Which grew revenue faster, InterDigital or Research Frontiers?

In their latest fiscal years revenue changed by -4.0% at InterDigital and -16.0% at Research Frontiers.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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