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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
InterDigital, Inc., through its affiliated companies, specializes in the design and advancement of technologies that facilitate and improve wireless communications across major global regions, including the United States, China, South Korea, Japan, Taiwan, and Europe. The company furnishes technological solutions applicable to various digital cellular and general wireless products and networks, spanning generations from 2G through 5G, as well as those based on IEEE 802 standards. Its development efforts extend to foundational cellular technologies like CDMA, TDMA, OFDM/OFDMA, and MIMO, which are integral to wireless networks from 2G to 5G and to mobile terminal devices.
How they make money
InterDigital derives revenue primarily from licensing its extensive portfolio of patented innovations in wireless, video, and AI technologies. The company designs and develops foundational technologies and enters into patent license agreements with manufacturers of consumer electronics, wireless devices, and providers of cloud-based services.
Products & services
The company provides intellectual property licensing for wireless communications (including 5G and Wi-Fi), video coding, display technology, and AI-related innovations.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
The company's revenue is concentrated among a limited number of major licensees in the consumer electronics and wireless industries, as disclosed in the 2025 annual report.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Competitors
In-house development teams at wireless and video technology companies — Internal R&D units of major technology firms that compete with InterDigital's licensing business.Source
Consumer electronics device companies — Companies that develop their own proprietary technology or alternative standards.Source
Semiconductor companies — Firms that develop competing foundational technologies for wireless and video applications.Source
Wireless operators — Network operators that may develop or influence technology standards.Source
Video streaming and cloud service companies — Entities that develop proprietary video delivery and cloud infrastructure technologies.Source
Strengths
Significant patent portfolio of over 38,000 patents and applicationsSource
Leadership in foundational wireless and video technology researchSource
Risks
Dependence on patent licensing revenue from a limited number of major customersSource
Risks associated with patent litigation and arbitration outcomesSource
Overall investment score · Quality, value, risk and opportunity
61
Fair
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
81
Strong
Financial Strength
88
Business Quality / Moat
90
Management
100
Growth Quality
25
Risk / Durability
88
Great Company · Attractive Price
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
59
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
63/100
Building Historical Record
Model Score 63/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
What we like
•Balance-sheet / debt profile scores strongly
•Recent buyback activity is present
What to watch
•Revenue fundamentals are weak
•Asset quality is a weaker factor
Company-specific research
Questions worth answering for IDCC
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•What is driving IDCC's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
•Is IDCC's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•How is IDCC likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for IDCC
Detected from reported data — verify before acting.
Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on IDCC.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Significant patent portfolio of over 38,000 patents and applications.
+Leadership in foundational wireless and video technology research.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Software - Application industry.
−Dependence on patent licensing revenue from a limited number of major customers.
−Risks associated with patent litigation and arbitration outcomes.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdown
Wall Street Score
Fair61/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Strong
81
Debt Cost8.2%
Debt Reduction YoY0.6%
Debt / Equity0.44x
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Revenue
Poor
38
Revenue YoY-5.5%
Revenue CAGR23.2%
Net Margin38.3%
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Asset
Poor
39
Asset Growth YoY12.5%
Liquidation/Share$34.87
Net Assets/MCap0.21x
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Capital
Poor
27
Earnings Yield3.6%
Buyback Yield1.7%
Debt Cost8.2%
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Management
Elite
100
ROIC40.4%
ROE25.1%
ROA13.8%
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Moat
Elite
90
EPS Growth39.4%
FCF/Share Growth35.5%
Rev/Share Growth7.8%
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Valuation
Fair
65
Intrinsic Value$451.61
Value Reference$270.96
MOS27.5%
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Buffett
Fair
69
Revenue38
Moat90
Valuation65
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MOS
Fair
69
MOS %27.5%
Value Reference$270.96
Deep Discount Reference$180.64
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Financial
Fair
53
Interest Coverage11.5x
ROIC40.4%
FCF Yield6.3%
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Master
Fair
69
Financial53
Valuation65
Debt81
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Resilience
Elite
94
Survival Years7.2 yrs
Current Ratio1.84x
FCF Margin63.4%
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Score Changes
3 historical score records available
Previous Score
64
Aug 14, 2026
Change
-3.0
points
Current Score
61
Oct 1, 2026
Category Changes
Revenue+0.2
Debt0
Assets+0.4
Capital+2.0
Management0
Moat0
Valuation-8.5
Buffett-0.7
IDCC decreased 3 points because Valuation declined by 8.5 points.
Positive Contributors
+ Capital improved by 2 points
Negative Contributors
− Valuation declined by 8.5 points
Projected Score
Projected Score
56
Projected Change
-5.0 points
Preliminary comparable-period financial changes suggest decline of approximately 5.0 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$788.5M
$834.0M
$868.5M
$549.6M
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Cost of Revenue
$168.3M
$164.3M
$169.2M
$79.4M
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Gross Profit
$620.2M
$669.7M
$699.3M
$470.2M
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Research & Development
$222.6M
$211.4M
$196.9M
$195.3M
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SG&A Expenses
$81.9M
$68.1M
$62.9M
$53.3M
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Operating Expenses
$275.1M
$208.8M
$259.8M
$248.6M
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EBITDA
$452.6M
$586.2M
$544.8M
$357.2M
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Operating Income
$345.1M
$460.9M
$439.5M
$221.6M
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Interest Expense
$38.2M
$40.0M
$45.4M
$44.8M
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····
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Income Before Tax
$349.4M
$469.4M
$429.4M
$234.6M
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····
····
····
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Income Tax Expense
$47.2M
$62.8M
$70.8M
$23.6M
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Net Income
$302.2M
$406.6M
$358.6M
$214.1M
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Basic EPS
$11.73
$15.77
$14.16
$7.97
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Basic Shares
25.83M
25.79M
25.32M
26.86M
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Diluted Shares
34.26M
34.47M
29.71M
28.10M
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Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Cash position grew
Debt reduced
What Weakened
Margins contracted
Potential Score Impact
Positive indicators included cash levels, debt levels. Pressure indicators included revenue growth, EPS growth, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 13.4%. EPS declined 36.4%. Cash increased 18.9%. Total debt declined 17.7%. Net income margin declined by 15.3 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
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Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
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5 Years
$———.——
Premium
10 Years
$———.——
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Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
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