idcc-20260630

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q


☑						QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2026


☐						TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 1-33579

INTERDIGITAL, INC.

(Exact Name of Registrant as Specified in Its Charter)


Pennsylvania						82-4936666
(State or Other Jurisdiction of Incorporation or Organization)						(I.R.S. Employer Identification No.)

200 Bellevue Parkway, Suite 300, Wilmington, DE 19809-3727

(Address of Principal Executive Offices and Zip Code)

(302) 281-3600

(Registrant’s Telephone Number, Including Area Code)

Securities registered pursuant to Section 12(b) of the Exchange Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	IDCC	Nasdaq Stock Market LLC

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer	☑	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No þ

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.


Common Stock, par value $0.01 per share			25,806,007
Title of Class			Outstanding at July 28, 2026

INDEX



			PAGES
Part I — Financial Information:			3
Item 1 Financial Statements (unaudited):			3
Condensed Consolidated Balance Sheets — June 3 0 , 2026 and December 31, 2025			3
Condensed Consolidated Statements of Income — Three and Six Months Ended June 3 0 , 2026 and 2025			4
Condensed Consolidated Statements of Comprehensive Income — Three and Six Months Ended June 3 0 , 2026 and 2025			5
Condensed Consolidated Statements of Shareholders' Equity — Three and Six Months Ended June 3 0 , 2026 and 2025			6
Condensed Consolidated Statements of Cash Flows — Six Months Ended June 3 0 , 2026 and 2025			7
Notes to Condensed Consolidated Financial Statements			8
Item 2 Management’s Discussion and Analysis of Financial Condition and Results of Operations			24
Item 3 Quantitative and Qualitative Disclosures About Market Risk			34
Item 4 Controls and Procedures			35
Part II — Other Information:			36
Item 1 Legal Proceedings			36
Item 1A Risk Factors			36
Item 2 Unregistered Sales of Equity Securities and Use of Proceeds			36
Item 3 Defaults Upon Senior Securities			36
Item 4 Mine Safety Disclosures			36
Item 5 Other Information			36
Item 6 Exhibits			37
Signatures			38

InterDigital® is a registered trademark of InterDigital, Inc. All other trademarks, service marks and/or trade names appearing in this Quarterly Report on Form 10-Q are the property of their respective holders.

Table of Contents

PART I — FINANCIAL INFORMATION

Item 1. FINANCIAL STATEMENTS

INTERDIGITAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)

(unaudited)


	June 30, 2026		December 31, 2025
Assets
Current assets:
Cash and cash equivalents	$	615,590	$	738,960
Short-term investments	496,821		504,200
Accounts receivable	193,001		69,816
Prepaid and other current assets	91,151		74,994
Total current assets	1,396,563		1,387,970
Property and equipment, net	22,274		23,713
Patents, net	317,569		318,756
Deferred tax assets	123,650		141,326
Other non-current assets, net	332,036		192,525
Total assets	$	2,192,092	$	2,064,290
Liabilities and Shareholders' equity
Current liabilities:
Current portion of long-term debt	$	378,239	$	458,376
Accounts payable	9,831		10,048
Accrued compensation and related expenses	33,236		50,050
Deferred revenue	325,740		193,722
Dividends payable	18,064		17,980
Other accrued expenses	35,960		22,326
Total current liabilities	801,070		752,502
Long-term debt	10,861		16,292
Long-term deferred revenue	116,472		135,882
Other long-term liabilities	61,520		58,494
Total liabilities	989,923		963,170
Commitments and contingencies
Shareholders' equity:
Preferred Stock, $0.10 par value, 14,399 shares authorized, 0 shares issued and outstanding	—		—
Common Stock, $0.01 par value, 100,000 shares authorized, 71,988 and 70,965 shares issued and 25,806 and 25,685 shares outstanding	719		709
Additional paid-in capital	1,087,741		816,903
Retained earnings	2,267,959		2,113,240
Accumulated other comprehensive (loss) gain	(1,257)		299
Treasury stock, 46,182 and 45,280 shares of common stock held at cost	(2,152,993)		(1,830,031)
Total shareholders' equity	1,202,169		1,101,120
Total liabilities and shareholders' equity	$	2,192,092	$	2,064,290

The accompanying notes are an integral part of these statements.

Table of Contents

INTERDIGITAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share data)

(unaudited)


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Revenue	$	260,170	$	300,596	$	465,586	$	511,103
Operating expenses:
Research and portfolio development	56,407		53,674		112,242		101,104
Licensing	34,725		23,909		86,844		41,586
General and administrative	29,799		17,586		45,000		31,154

Total operating expenses	120,931		95,169		244,086		173,844

Income from operations	139,239		205,427		221,500		337,259

Interest expense	(8,583)		(9,537)		(17,650)		(19,408)
Other income, net	12,722		15,144		19,322		25,402
Income before income taxes	143,378		211,034		223,172		343,253
Income tax provision	(27,006)		(30,466)		(31,471)		(47,083)
Net income	$	116,372	$	180,568	$	191,701	$	296,170