InterDigital, Inc. (IDCC) SEC Filings & Earnings Calls

Litigation risk

“Multiple ongoing litigations with Amazon, Disney, Hisense, TCL, Dolby, and others.”

Revenue concentration risk

“Three licensees comprised 83 % of accounts receivable as of June 30, 2026.”

Catch-up revenue volatility

“Catch-up revenue decreased 36% YoY in Q2 2026.”

Revenue decline due to lower catch-up revenue; operating expenses increased 27% y/y.

“Revenue down 13% y/y; operating expenses up 27% y/y.”

Revenue decline due to lower catch-up revenue and higher operating expenses

“Revenue $205.4 million, down 2% YoY; operating expenses up 57%”

Dependence on licensing agreements and enforcement actions for future revenue

“outlook for full year 2026 includes both existing licenses and the expected contributions from new agreements and/or enforcement actions” · word for word

Revenue Concentration on Licensing

“The company's revenue is heavily dependent on patent licensing agreements, which can be episodic and subject to litigation outcomes.”

Catch-up Revenue Variability

“Catch-up revenue can be significant and episodic, and is typically recorded at the time multi-year licensing agreements are executed resulting in variability of annual reported revenue.” · word for word

Litigation outcome uncertainty

“In August 2025, Amazon.com, Inc. and certain of its subsidiaries (“Amazon”) filed a claim in the High Court of Justice of England and Wales against the Company and certain of its subsidiaries.” · word for word

Customer concentration risk

“Three licensees comprised 81 % and 55 % of our accounts receivable balances as of March 31, 2026 and December 31, 2025, respectively.” · word for word

Revenue concentration in smartphone segment

“Smartphone $ 123,391 $ 183,991 $ ( 60,600 ) ( 33 ) %” · word for word

Convertible debt dilution risk

“The 2027 Notes will be convertible into cash up to the aggregate principal amount of the 2027 Notes to be converted and in respect of the remainder, if any, of the Company’s obligation in excess of the aggregate principal amount of the 2027 Notes being converted, pay or deliver, as the case may be, cash, shares of the Company’s common stock or a combination ” · word for word

FRAND Royalty-Setting Risk

“If any court or arbitration tribunal decision sets a worldwide royalty rate that is unfavorable to us, our standard essential patent portfolio could be significantly devalued.” · word for word

Customer Concentration Risk

“In 2025, Samsung, Apple, and vivo each comprised 10% or more of our consolidated revenue.” · word for word

Video Services Licensing Execution Risk

“Because we have not yet entered into our first video services license, the revenue we expect to realize from this program is uncertain and inherently subject to risk.” · word for word

U.S.-China Trade Tension Risk

“The imposition of tariffs by the US government in 2025 increased trade tensions, both with China and globally.” · word for word

Litigation and Regulatory Costs

“The cost of enforcing and defending our intellectual property and of defending our licensing practices has been and may continue to be significant.” · word for word

Customer Concentration

“Three licensees comprised 65% of accounts receivable as of September 30, 2025.”

Litigation Risk

“Multiple ongoing litigations with Disney, Amazon, Tesla, and Transsion.”

Catch-up Revenue Volatility

“Catch-up revenue decreased 41% YoY in Q3 2025, indicating potential volatility.”