Adeia (ADEA) Financials

$29.12 +1.29 (+4.62%)

Closing price 03:59 PM Eastern

Extended Trading

$29.08 -0.04 (-0.13%)

As of 07:54 PM Eastern

Annual Income Statements for Adeia

This table shows Adeia's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-0.29	-63	147	-55	-296	67	65	111
Consolidated Net Income / (Loss)	-1.76	-64	144	-59	-299	67	65	111
Net Income / (Loss) Continuing Operations	-1.76	-64	240	68	138	67	65	111
Total Pre-Tax Income	6.91	-83	224	73	110	80	81	141
Total Operating Income	24	-69	267	119	153	136	129	175
Total Gross Profit	393	272	516	391	439	389	376	443
Total Revenue	406	280	516	391	439	389	376	443
Operating Revenue	406	280	516	391	439	389	376	443
Total Cost of Revenue	13	8.46	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	369	340	248	272	286	253	247	268
Selling, General & Admin Expense	123	118	137	129	136	95	103	120
Research & Development Expense	105	111	35	40	45	54	60	68
Amortization Expense	108	100	59	98	97	94	71	57
Other Special Charges / (Income)	26	5.13	18	5.27	8.59	9.33	14	25
Total Other Income / (Expense), net	-17	-14	-43	-46	-43	-56	-47	-34
Interest Expense	26	23	46	47	45	63	53	40
Other Income / (Expense), net	8.60	9.03	3.21	0.77	2.05	6.32	5.57	6.28
Income Tax Expense	8.67	-19	-15	4.83	-29	13	17	30
Basic Earnings per Share	($0.01)	($1.27)	$1.77	($0.53)	($2.83)	$0.63	$0.59	$1.02
Weighted Average Basic Shares Outstanding	48.82M	49.12M	82.84M	104.74M	104.34M	106.55M	108.65M	108.85M
Diluted Earnings per Share	($0.01)	($1.27)	$1.75	($0.52)	($2.75)	$0.60	$0.57	$0.99
Weighted Average Diluted Shares Outstanding	48.82M	49.12M	83.86M	107.27M	107.58M	112.85M	113.06M	112.75M
Weighted Average Basic & Diluted Shares Outstanding	-	-	104.79M	103.28M	105.23M	107.42M	107.51M	109.05M

This table shows Adeia's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	1.42	24	13	0.90	8.38	19	36	12	17	8.83	74
Consolidated Net Income / (Loss)	1.42	24	13	0.90	8.38	19	36	12	17	8.83	74
Net Income / (Loss) Continuing Operations	1.42	24	13	0.90	8.38	19	36	12	17	8.83	74
Total Pre-Tax Income	3.80	26	9.43	6.59	11	17	46	14	7.62	18	101
Total Operating Income	18	40	23	19	24	28	57	23	16	27	109
Total Gross Profit	83	101	87	83	87	86	119	88	86	87	183
Total Revenue	83	101	87	83	87	86	119	88	86	87	183
Operating Revenue	83	101	87	83	87	86	119	88	86	87	183
Total Operating Expenses	65	61	64	64	64	58	62	65	69	60	74
Selling, General & Admin Expense	26	22	24	24	25	27	28	28	32	25	34
Research & Development Expense	13	14	14	14	15	15	16	16	16	16	19
Amortization Expense	24	23	23	23	20	14	14	14	14	14	14
Other Special Charges / (Income)	2.33	2.21	2.17	2.93	4.26	2.65	3.81	5.85	7.17	5.20	6.49
Total Other Income / (Expense), net	-14	-14	-14	-13	-12	-11	-11	-8.94	-8.78	-8.58	-7.78
Interest Expense	16	16	15	14	14	13	12	11	10	10	9.44
Other Income / (Expense), net	1.62	1.49	1.60	1.40	1.43	1.43	1.31	1.71	1.43	1.48	1.66
Income Tax Expense	2.38	1.71	-3.27	5.69	2.94	-2.52	10	2.08	-9.10	9.60	27
Basic Earnings per Share	$0.01	$0.23	$0.12	$0.01	$0.08	$0.18	$0.33	$0.11	$0.15	$0.08	$0.68
Weighted Average Basic Shares Outstanding	106.46M	106.90M	106.55M	107.77M	108.67M	109.04M	108.65M	107.95M	108.83M	109.42M	108.85M
Diluted Earnings per Share	$0.01	$0.21	$0.12	$0.01	$0.07	$0.17	$0.33	$0.10	$0.15	$0.08	$0.66
Weighted Average Diluted Shares Outstanding	112.78M	112.93M	112.85M	112.98M	112.54M	113.12M	113.06M	113.02M	112.18M	112.82M	112.75M
Weighted Average Basic & Diluted Shares Outstanding	106.75M	107.17M	107.42M	108.51M	108.90M	109.26M	107.51M	108.50M	109.37M	109.51M	109.05M

This table details how cash moves in and out of Adeia's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-25	-39	96	31	-87	-60	24	-5.69
Net Cash From Operating Activities	135	169	428	235	183	153	212	158
Net Cash From Continuing Operating Activities	135	169	428	235	183	153	212	158
Net Income / (Loss) Continuing Operations	-1.76	-64	144	-59	-299	67	65	111
Consolidated Net Income / (Loss)	-1.76	-64	144	-59	-299	67	65	111
Depreciation Expense	6.68	6.72	18	24	17	1.54	2.06	1.96
Amortization Expense	108	100	157	210	148	98	74	60
Non-Cash Adjustments To Reconcile Net Income	57	162	124	116	320	-16	9.04	-31
Changes in Operating Assets and Liabilities, net	-35	-35	-15	-56	-3.14	2.05	63	16
Net Cash From Investing Activities	11	-19	18	-6.21	-2.91	-34	-24	-40
Net Cash From Continuing Investing Activities	11	-19	18	-6.21	-2.91	-34	-24	-40
Purchase of Property, Plant & Equipment	-3.34	-8.81	-7.38	-14	-13	-3.81	-1.82	-1.81
Acquisitions	-4.60	-4.50	66	-18	-51	-2.53	-20	-6.95
Purchase of Investments	-20	-40	-77	-67	-4.49	-43	-33	-57
Sale of Property, Plant & Equipment	0.00	0.06	0.00	0.02	0.09	0.00	0.00	0.00
Sale and/or Maturity of Investments	39	34	36	93	65	15	31	26
Net Cash From Financing Activities	-171	-189	-351	-196	-263	-178	-164	-124
Net Cash From Continuing Financing Activities	-171	-189	-351	-196	-263	-178	-164	-124
Repayment of Debt	-100	-150	-1,255	-88	-41	-148	-114	-60
Repurchase of Common Equity	-45	-4.51	-81	-85	-17	0.00	-19	-21
Payment of Dividends	-39	-40	-31	-21	-21	-21	-22	-22
Other Financing Activities, net	13	4.82	4.86	-2.08	-185	-8.92	-9.53	-20
Effect of Exchange Rate Changes	-	0.00	1.33	-1.41	-3.42	0.00	0.00	0.00
Cash Interest Paid	23	21	31	32	41	58	47	33
Cash Income Taxes Paid	24	15	43	31	25	10	12	15

This table details how cash moves in and out of Adeia's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	-22	-8.62	2.71	3.46	8.43	-5.76	18	5.36	0.06	-28	17
Net Cash From Operating Activities	29	21	39	67	23	14	107	57	23	18	60
Net Cash From Continuing Operating Activities	29	21	39	67	23	14	107	57	23	18	60
Net Income / (Loss) Continuing Operations	1.42	24	13	0.90	8.38	19	36	12	17	8.83	74
Consolidated Net Income / (Loss)	1.42	24	13	0.90	8.38	19	36	12	17	8.83	74
Depreciation Expense	0.39	0.38	0.39	0.52	0.49	0.53	0.52	0.51	0.49	0.48	0.48
Amortization Expense	25	24	24	24	21	14	15	15	15	15	15
Non-Cash Adjustments To Reconcile Net Income	6.70	-4.07	5.10	6.54	1.28	-3.92	5.14	16	13	0.16	-60
Changes in Operating Assets and Liabilities, net	-4.51	-24	-2.81	35	-7.56	-16	51	14	-22	-6.66	30
Net Cash From Investing Activities	-25	-6.42	-2.66	-11	2.75	-0.15	-16	-6.17	0.01	-28	-5.89
Net Cash From Continuing Investing Activities	-25	-6.42	-2.66	-11	2.75	-0.15	-16	-6.17	0.01	-28	-5.89
Purchase of Property, Plant & Equipment	-1.16	-0.39	-1.88	-0.79	-0.42	-0.06	-0.55	-0.23	-0.19	-0.80	-0.59
Acquisitions	-0.10	-	-2.44	-8.48	-	-	-12	-5.35	-	-0.75	-0.85
Purchase of Investments	-24	-9.83	-9.25	-11	-7.53	-6.39	-8.08	-7.19	-5.80	-33	-11
Sale and/or Maturity of Investments	-	3.80	11	9.45	11	6.30	5.00	6.60	6.00	6.60	6.60
Net Cash From Financing Activities	-26	-23	-34	-53	-18	-20	-74	-46	-23	-18	-37
Net Cash From Continuing Financing Activities	-26	-23	-34	-53	-18	-20	-74	-46	-23	-18	-37
Repayment of Debt	-20	-15	-29	-40	-12	-12	-50	-17	-11	-11	-21
Repurchase of Common Equity	-	-	-	0.00	-	-	-19	-11	-	-	-10
Payment of Dividends	-5.32	-5.34	-5.36	-5.42	-5.43	-5.45	-5.46	-5.42	-5.44	-5.47	-5.44
Other Financing Activities, net	-0.21	-2.97	0.41	-7.23	-0.33	-2.45	0.48	-12	-6.54	-1.21	-0.53
Cash Interest Paid	14	14	14	13	11	12	11	9.61	8.11	8.01	7.46
Cash Income Taxes Paid	1.99	0.59	6.89	4.52	1.46	1.71	4.80	8.60	5.00	0.78	0.65

This table presents Adeia's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,048	2,701	2,470	1,211	1,106	1,098	1,039
Total Current Assets	281	546	519	259	206	258	304
Cash & Equivalents	75	170	80	115	55	79	73
Short-Term Investments	50	87	61	0.00	29	32	64
Accounts Receivable	146	248	91	132	115	138	158
Other Current Assets	14	41	10	12	7.70	9.79	8.77
Plant, Property, & Equipment, net	33	63	4.94	4.55	6.97	6.28	6.11
Total Noncurrent Assets	734	2,092	1,946	947	893	833	729
Noncurrent Note & Lease Receivables	27	6.76	0.28	41	74	63	49
Goodwill	386	847	315	314	314	314	314
Intangible Assets	232	1,004	547	432	347	301	303
Noncurrent Deferred & Refundable Income Taxes	-	-	118	114	120	112	0.00
Other Noncurrent Operating Assets	89	233	16	47	38	43	63
Total Liabilities & Shareholders' Equity	1,048	2,701	2,470	1,211	1,106	1,098	1,039
Total Liabilities	503	1,250	1,130	909	749	701	559
Total Current Liabilities	48	225	190	167	102	73	80
Short-Term Debt	0.00	44	36	110	66	21	21
Accounts Payable	4.65	13	0.45	8.55	9.62	8.05	4.83
Accrued Expenses	43	135	27	31	19	25	34
Current Deferred Revenue	0.72	33	6.98	17	7.13	20	20
Total Noncurrent Liabilities	455	1,025	940	742	647	628	479
Long-Term Debt	335	796	729	620	520	454	397
Noncurrent Deferred Revenue	0.00	40	105	98	100	149	57
Other Noncurrent Operating Liabilities	77	99	9.43	25	28	25	24
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	545	1,451	1,340	301	357	397	481
Total Preferred & Common Equity	548	1,457	1,350	301	357	397	481
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	548	1,457	1,350	301	357	397	481
Common Stock	768	1,269	1,341	636	635	649	686
Retained Earnings	148	264	188	-124	-56	2.83	92
Treasury Stock	-369	-77	-178	-211	-222	-255	-298
Accumulated Other Comprehensive Income / (Loss)	-0.05	1.26	-0.75	-0.05	-0.01	-0.00	0.06

This table presents Adeia's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	1,154	1,123	1,124	1,079	1,069	1,083	1,087	1,083	1,069
Total Current Assets	209	200	220	206	219	245	263	267	281
Cash & Equivalents	82	60	52	58	66	61	84	84	56
Short-Term Investments	-	24	30	31	28	28	32	32	59
Accounts Receivable	115	105	128	109	115	146	135	136	149
Other Current Assets	11	11	10	8.03	10	9.99	12	15	16
Plant, Property, & Equipment, net	4.56	5.01	5.44	6.78	6.70	6.47	5.98	5.69	6.10
Total Noncurrent Assets	940	917	899	866	843	832	818	810	782
Noncurrent Note & Lease Receivables	64	65	66	65	64	63	52	48	45
Goodwill	314	314	314	314	314	314	314	314	314
Intangible Assets	409	385	367	331	311	297	292	278	264
Noncurrent Deferred & Refundable Income Taxes	111	110	108	116	114	120	113	124	121
Other Noncurrent Operating Assets	43	44	45	40	40	38	47	47	39
Total Liabilities & Shareholders' Equity	1,154	1,123	1,124	1,079	1,069	1,083	1,087	1,083	1,069
Total Liabilities	831	800	780	729	710	705	698	680	655
Total Current Liabilities	99	86	82	93	73	71	90	87	75
Short-Term Debt	36	36	37	37	25	25	21	21	21
Accounts Payable	4.08	16	10	4.86	4.79	7.72	5.06	3.08	3.09
Accrued Expenses	29	14	19	14	17	18	15	24	21
Current Deferred Revenue	29	20	16	37	27	21	49	38	30
Total Noncurrent Liabilities	733	713	698	637	636	633	608	593	580
Long-Term Debt	611	591	577	509	511	500	438	428	418
Noncurrent Deferred Revenue	98	98	100	99	97	107	145	141	138
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Noncurrent Operating Liabilities	24	24	21	29	28	27	24	24	23
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	323	323	344	350	359	378	389	403	414
Total Preferred & Common Equity	323	323	344	350	359	378	389	403	414
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	323	323	344	350	359	378	389	403	414
Common Stock	635	635	635	636	638	640	657	667	676
Retained Earnings	-95	-93	-69	-55	-47	-28	9.23	21	24
Treasury Stock	-218	-219	-222	-230	-232	-234	-277	-285	-286
Accumulated Other Comprehensive Income / (Loss)	-0.05	-0.08	-0.07	-0.07	-0.10	0.15	0.04	0.04	0.02

This table displays calculated financial ratios and metrics derived from Adeia's official financial filings.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-31.04%	84.21%	-24.17%	12.20%	-11.42%	-3.28%	17.91%
EBITDA Growth	0.00%	-68.19%	847.95%	-20.65%	-9.49%	-24.31%	-13.09%	15.58%
EBIT Growth	0.00%	-283.21%	553.53%	-55.74%	29.48%	-8.10%	-5.87%	35.10%
NOPAT Growth	0.00%	-686.11%	694.02%	-61.10%	73.63%	-40.53%	-10.80%	34.74%
Net Income Growth	0.00%	-3,532.05%	324.57%	-140.97%	-406.83%	122.56%	-4.08%	71.88%
EPS Growth	0.00%	-12,600.00%	324.57%	-140.97%	-428.85%	121.82%	-5.00%	73.68%
Operating Cash Flow Growth	0.00%	25.25%	152.64%	-45.09%	-22.05%	-16.54%	39.09%	-25.59%
Free Cash Flow Firm Growth	0.00%	0.00%	-27.12%	221.26%	-82.30%	-22.98%	15.80%	-31.17%
Invested Capital Growth	0.00%	0.00%	172.07%	-54.90%	-3.24%	-6.28%	-11.31%	0.08%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-4.05%	9.40%	16.71%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-3.88%	13.47%	26.96%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-5.81%	33.84%	39.81%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-45.48%	15.90%	31.29%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-47.53%	56.49%	51.34%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-50.00%	50.00%	47.76%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-1.00%	47.09%	-23.09%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	32.66%	-24.21%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-1.91%	-6.37%	3.38%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	96.73%	96.98%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	36.37%	16.78%	86.33%	90.34%	72.88%	62.28%	55.96%	54.85%
Operating Margin	5.90%	-24.53%	51.84%	30.43%	34.87%	35.04%	34.20%	39.47%
EBIT Margin	8.02%	-21.31%	52.46%	30.62%	35.34%	36.67%	35.68%	40.89%
Profit (Net Income) Margin	-0.43%	-22.86%	27.87%	-15.06%	-68.03%	17.33%	17.19%	25.05%
Tax Burden Percent	-25.51%	77.10%	64.05%	-80.91%	-272.01%	84.24%	79.60%	78.82%
Interest Burden Percent	21.21%	139.17%	82.94%	60.78%	70.77%	56.10%	60.51%	77.74%
Effective Tax Rate	125.51%	0.00%	-6.82%	6.63%	-26.07%	15.76%	20.40%	21.18%
Return on Invested Capital (ROIC)	0.00%	-12.46%	19.90%	7.30%	20.71%	12.93%	12.64%	18.10%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-26.53%	-12.53%	-126.08%	-423.39%	4.45%	3.93%	9.80%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-11.03%	-5.49%	-11.52%	-57.09%	7.55%	4.52%	7.22%
Return on Equity (ROE)	0.00%	-23.49%	14.41%	-4.22%	-36.37%	20.48%	17.16%	25.33%
Cash Return on Invested Capital (CROIC)	0.00%	-212.46%	-72.59%	82.96%	24.01%	19.41%	24.62%	18.02%
Operating Return on Assets (OROA)	0.00%	-5.70%	14.44%	4.63%	8.43%	12.31%	12.18%	16.96%
Return on Assets (ROA)	0.00%	-6.11%	7.67%	-2.28%	-16.23%	5.82%	5.87%	10.39%
Return on Common Equity (ROCE)	0.00%	-23.62%	14.47%	-4.24%	-36.58%	20.48%	17.16%	25.33%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-11.69%	9.87%	-4.37%	-99.06%	18.89%	16.30%	0.00%
Net Operating Profit after Tax (NOPAT)	-6.12	-48	286	111	193	115	102	138
NOPAT Margin	-1.51%	-17.17%	55.38%	28.41%	43.96%	29.52%	27.22%	31.11%
Net Nonoperating Expense Percent (NNEP)	0.00%	14.07%	32.43%	133.38%	444.10%	8.49%	8.71%	8.31%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	18.72%	12.18%	11.74%	15.34%
Cost of Revenue to Revenue	3.27%	3.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	30.23%	42.02%	26.52%	33.03%	30.90%	24.49%	27.51%	26.96%
R&D to Revenue	25.82%	39.58%	6.80%	10.12%	10.16%	13.96%	15.85%	15.23%
Operating Expenses to Revenue	90.82%	121.51%	48.16%	69.57%	65.13%	64.96%	65.80%	60.53%
Earnings before Interest and Taxes (EBIT)	33	-60	271	120	155	143	134	181
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	148	47	445	353	320	242	210	243
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	3.18	3.59	3.70	3.77
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	2.18	3.29	3.91	4.09
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	19.00	22.73	16.32
Dividend Yield	4.90%	4.69%	2.51%	1.10%	1.38%	1.64%	1.43%	1.16%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	5.26%	4.40%	6.13%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	1.72	2.08	2.41	2.75
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	3.58	4.58	4.88	4.72
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	4.92	7.36	8.71	8.61
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	10.14	12.50	13.67	11.55
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	8.15	15.53	17.91	15.18
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	8.60	11.67	8.63	13.25
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	7.03	10.34	9.19	15.25
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.64	0.62	0.57	2.42	1.64	1.20	0.87
Long-Term Debt to Equity	0.00	0.64	0.59	0.54	2.06	1.46	1.15	0.83
Financial Leverage	0.00	0.42	0.44	0.09	0.13	1.70	1.15	0.74
Leverage Ratio	0.00	1.92	1.88	1.85	2.24	3.52	2.93	2.44
Compound Leverage Factor	0.00	2.68	1.56	1.13	1.59	1.97	1.77	1.89
Debt to Total Capital	0.00%	38.97%	38.43%	36.35%	70.76%	62.15%	54.52%	46.55%
Short-Term Debt to Total Capital	0.00%	0.00%	1.85%	1.71%	10.65%	7.02%	2.41%	2.33%
Long-Term Debt to Total Capital	0.00%	38.97%	36.57%	34.64%	60.11%	55.14%	52.11%	44.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	-0.31%	-0.24%	-0.44%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	61.34%	61.82%	64.09%	29.24%	37.85%	45.48%	53.45%
Debt to EBITDA	0.00	7.41	2.03	2.17	2.28	2.42	2.26	1.72
Net Debt to EBITDA	0.00	4.77	1.46	1.77	1.92	2.07	1.73	1.16
Long-Term Debt to EBITDA	0.00	7.41	1.94	2.06	1.94	2.15	2.16	1.63
Debt to NOPAT	0.00	-7.24	3.17	6.89	3.78	5.10	4.64	3.03
Net Debt to NOPAT	0.00	-4.66	2.27	5.62	3.19	4.38	3.57	2.04
Long-Term Debt to NOPAT	0.00	-7.24	3.02	6.56	3.21	4.53	4.44	2.88
Altman Z-Score	0.00	0.00	0.00	0.00	1.37	1.84	2.21	3.33
Noncontrolling Interest Sharing Ratio	0.00%	-0.52%	-0.43%	-0.54%	-0.56%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	5.84	2.43	2.74	1.55	2.02	3.53	3.81
Quick Ratio	0.00	5.61	2.25	1.22	1.48	1.94	3.40	3.70
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-820	-1,042	1,264	224	172	199	137
Operating Cash Flow to CapEx	4,048.32%	1,932.55%	5,794.86%	1,685.37%	1,465.36%	4,007.21%	11,667.27%	8,753.38%
Free Cash Flow to Firm to Interest Expense	0.00	-35.07	-22.57	26.90	4.93	2.75	3.76	3.40
Operating Cash Flow to Interest Expense	5.27	7.24	9.26	5.00	4.04	2.44	4.01	3.92
Operating Cash Flow Less CapEx to Interest Expense	5.14	6.87	9.10	4.70	3.76	2.38	3.97	3.87
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.27	0.28	0.15	0.24	0.34	0.34	0.41
Accounts Receivable Turnover	0.00	1.92	2.62	2.31	3.93	3.15	2.98	2.99
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	8.52	10.74	11.48	92.54	67.49	56.76	71.57
Accounts Payable Turnover	0.00	1.82	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	190.28	139.52	158.29	92.78	115.85	122.68	122.10
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	200.62	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	-10.34	139.52	158.29	92.78	115.85	122.68	122.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	772	2,100	947	916	859	762	762
Invested Capital Turnover	0.00	0.73	0.36	0.26	0.47	0.44	0.46	0.58
Increase / (Decrease) in Invested Capital	0.00	772	1,328	-1,153	-31	-58	-97	0.63
Enterprise Value (EV)	0.00	0.00	0.00	0.00	1,573	1,782	1,834	2,094
Market Capitalization	0.00	0.00	0.00	0.00	959	1,280	1,469	1,812
Book Value per Share	$0.00	$11.15	$17.59	$12.88	$2.89	$3.33	$3.63	$4.39
Tangible Book Value per Share	$0.00	($1.43)	($4.76)	$4.66	($4.27)	($2.84)	($2.00)	($1.25)
Total Capital	0.00	893	2,357	2,106	1,031	942	872	899
Total Debt	0.00	348	906	765	729	586	475	418
Total Long-Term Debt	0.00	348	862	729	620	520	454	397
Net Debt	0.00	224	648	625	615	502	365	282
Capital Expenditures (CapEx)	3.34	8.76	7.38	14	12	3.81	1.82	1.81
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	109	108	225	87	86	96	108
Debt-free Net Working Capital (DFNWC)	0.00	233	365	366	202	170	206	245
Net Working Capital (NWC)	0.00	233	322	330	92	104	185	224
Net Nonoperating Expense (NNE)	-4.36	16	142	170	492	47	38	27
Net Nonoperating Obligations (NNO)	0.00	227	648	-393	615	502	365	282
Total Depreciation and Amortization (D&A)	115	107	175	234	165	100	76	62
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	38.93%	20.97%	57.48%	19.88%	22.22%	25.50%	24.45%
Debt-free Net Working Capital to Revenue	0.00%	83.23%	70.81%	93.51%	45.98%	43.71%	54.86%	55.29%
Net Working Capital to Revenue	0.00%	83.23%	62.34%	84.28%	20.96%	26.70%	49.27%	50.56%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.89	($0.27)	$0.00	$0.63	$0.59	$1.02
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	164.33M	207.77M	0.00	106.55M	108.65M	108.85M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.88	($0.27)	$0.00	$0.60	$0.57	$0.99
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	166.35M	207.77M	0.00	112.85M	113.06M	112.75M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	207.88M	204.87M	0.00	107.42M	107.51M	109.05M
Normalized Net Operating Profit after Tax (NOPAT)	35	-45	200	116	113	123	113	157
Normalized NOPAT Margin	8.63%	-15.89%	38.73%	29.67%	25.78%	31.54%	30.11%	35.50%
Pre Tax Income Margin	1.70%	-29.66%	43.51%	18.61%	25.01%	20.57%	21.59%	31.78%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.27	-2.55	5.86	2.55	3.42	2.28	2.53	4.49
NOPAT to Interest Expense	-0.24	-2.06	6.19	2.37	4.26	1.83	1.93	3.42
EBIT Less CapEx to Interest Expense	1.14	-2.93	5.70	2.25	3.15	2.22	2.50	4.45
NOPAT Less CapEx to Interest Expense	-0.37	-2.43	6.03	2.07	3.98	1.77	1.90	3.37
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-2,222.75%	-61.69%	21.44%	-35.61%	-7.00%	31.67%	33.68%	19.60%
Augmented Payout Ratio	-4,763.76%	-68.73%	77.48%	-179.70%	-12.78%	31.67%	62.63%	38.81%

This table displays calculated financial ratios and metrics derived from Adeia's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-22.82%	13.55%	-15.90%	-28.90%	4.97%	-15.09%	37.18%	5.11%	-1.85%	1.44%	53.26%
EBITDA Growth	-45.08%	4.06%	-16.53%	-44.87%	4.47%	-32.96%	50.66%	-11.60%	-28.22%	-1.18%	69.52%
EBIT Growth	-44.98%	152.11%	-26.14%	-63.41%	29.63%	-28.97%	136.46%	18.22%	-28.84%	-3.61%	87.80%
NOPAT Growth	-67.67%	253.25%	-76.16%	-93.26%	164.49%	-13.69%	42.14%	634.70%	105.59%	-60.00%	78.20%
Net Income Growth	121.92%	106.22%	-82.78%	-96.90%	490.70%	-20.30%	183.69%	1,214.13%	99.50%	-54.29%	104.59%
EPS Growth	116.67%	105.65%	-83.10%	-96.15%	600.00%	-19.05%	175.00%	900.00%	114.29%	-52.94%	100.00%
Operating Cash Flow Growth	-29.55%	-61.38%	-3.76%	6.12%	-18.30%	-32.64%	172.46%	-15.01%	-1.47%	24.60%	-44.17%
Free Cash Flow Firm Growth	153.29%	0.00%	0.00%	109.73%	-91.25%	111.26%	59.44%	14.65%	20.42%	-5.64%	-44.40%
Invested Capital Growth	-52.33%	0.00%	-6.28%	-9.00%	-7.65%	-7.09%	-11.31%	-9.31%	-8.11%	-9.36%	0.08%
Revenue Q/Q Growth	-29.06%	21.85%	-14.33%	-3.99%	4.73%	-1.43%	38.40%	-26.43%	-2.21%	1.87%	109.12%
EBITDA Q/Q Growth	-45.79%	49.36%	-25.71%	-8.33%	2.71%	-4.14%	66.93%	-46.22%	-16.59%	31.97%	186.36%
EBIT Q/Q Growth	-65.92%	115.11%	-40.24%	-16.49%	20.74%	17.88%	98.95%	-58.25%	-27.33%	59.68%	287.61%
NOPAT Q/Q Growth	-83.12%	466.17%	-16.35%	-91.57%	562.54%	84.76%	37.76%	-56.43%	85.39%	-64.05%	513.70%
Net Income Q/Q Growth	-95.11%	1,607.68%	-47.59%	-92.92%	832.37%	130.42%	86.54%	-67.21%	41.54%	-47.21%	734.97%
EPS Q/Q Growth	-96.15%	2,000.00%	-42.86%	-91.67%	600.00%	142.86%	94.12%	-69.70%	50.00%	-46.67%	725.00%
Operating Cash Flow Q/Q Growth	-54.67%	-26.01%	85.63%	70.46%	-65.10%	-39.00%	650.89%	-46.83%	-59.54%	-22.86%	236.46%
Free Cash Flow Firm Q/Q Growth	212.97%	-187.49%	110.60%	-7.18%	1.62%	12.62%	50.10%	-33.26%	6.73%	-11.75%	-11.56%
Invested Capital Q/Q Growth	-2.31%	1.03%	-1.91%	-5.99%	-0.87%	1.64%	-6.37%	-3.87%	0.44%	0.27%	3.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	53.41%	65.47%	56.77%	54.20%	53.15%	51.69%	62.34%	45.58%	38.87%	50.36%	68.96%
Operating Margin	21.30%	39.56%	26.78%	23.22%	27.07%	32.66%	48.24%	26.05%	19.13%	30.92%	59.54%
EBIT Margin	23.24%	41.03%	28.62%	24.90%	28.70%	34.32%	49.34%	28.00%	20.81%	32.61%	60.45%
Profit (Net Income) Margin	1.71%	23.90%	14.62%	1.08%	9.60%	22.43%	30.23%	13.48%	19.50%	10.11%	40.36%
Tax Burden Percent	37.34%	93.40%	134.72%	13.64%	74.04%	115.01%	77.51%	85.01%	219.36%	47.90%	73.00%
Interest Burden Percent	19.65%	62.36%	37.91%	31.73%	45.16%	56.83%	79.06%	56.62%	42.73%	64.70%	91.45%
Effective Tax Rate	62.66%	6.60%	-34.72%	86.36%	25.96%	-15.01%	22.49%	15.00%	-119.36%	52.10%	27.00%
Return on Invested Capital (ROIC)	2.33%	34.21%	15.81%	1.33%	8.63%	15.29%	17.35%	10.94%	20.70%	7.26%	25.30%
ROIC Less NNEP Spread (ROIC-NNEP)	1.29%	29.23%	12.47%	0.99%	6.78%	12.59%	15.39%	9.04%	15.72%	6.17%	23.54%
Return on Net Nonoperating Assets (RNNOA)	0.78%	45.20%	21.17%	1.50%	9.79%	16.87%	17.71%	9.78%	15.96%	5.92%	17.36%
Return on Equity (ROE)	3.10%	79.40%	36.97%	2.82%	18.42%	32.15%	35.07%	20.72%	36.66%	13.17%	42.65%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	19.41%	19.59%	19.03%	17.81%	24.62%	24.41%	24.54%	23.37%	18.02%
Operating Return on Assets (OROA)	5.07%	14.79%	9.61%	7.91%	9.40%	10.69%	16.84%	9.83%	7.32%	11.52%	25.08%
Return on Assets (ROA)	0.37%	8.61%	4.91%	0.34%	3.14%	6.99%	10.32%	4.73%	6.87%	3.57%	16.75%
Return on Common Equity (ROCE)	3.12%	79.40%	36.97%	2.82%	18.42%	32.15%	35.07%	20.72%	36.66%	13.17%	42.65%
Return on Equity Simple (ROE_SIMPLE)	-88.43%	37.35%	0.00%	11.22%	12.87%	10.92%	0.00%	19.40%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	6.62	37	31	2.64	18	32	45	19	36	13	79
NOPAT Margin	7.95%	36.95%	36.08%	3.17%	20.04%	37.56%	37.39%	22.14%	41.97%	14.81%	43.47%
Net Nonoperating Expense Percent (NNEP)	1.03%	4.98%	3.34%	0.34%	1.85%	2.69%	1.97%	1.90%	4.98%	1.08%	1.76%
Return On Investment Capital (ROIC_SIMPLE)	-	-	3.33%	-	-	-	5.11%	2.29%	4.22%	1.52%	8.83%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	31.72%	21.62%	27.68%	28.81%	28.18%	31.25%	23.41%	32.43%	37.47%	28.53%	18.64%
R&D to Revenue	15.76%	13.58%	16.54%	16.70%	16.94%	17.22%	13.47%	18.78%	18.50%	18.37%	10.49%
Operating Expenses to Revenue	78.70%	60.44%	73.22%	76.78%	72.93%	67.34%	51.76%	73.95%	80.87%	69.08%	40.46%
Earnings before Interest and Taxes (EBIT)	19	42	25	21	25	30	59	25	18	28	110
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	44	66	49	45	46	45	74	40	33	44	126
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.51	3.21	3.59	3.28	3.27	3.31	3.70	3.57	3.69	4.27	3.77
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.89	2.72	3.29	3.23	3.27	3.64	3.91	3.65	3.92	4.65	4.09
Price to Earnings (P/E)	0.00	8.58	19.00	29.23	25.43	30.30	22.73	18.39	17.71	24.05	16.32
Dividend Yield	1.62%	1.91%	1.64%	1.83%	1.79%	1.68%	1.43%	1.51%	1.41%	1.19%	1.16%
Earnings Yield	0.00%	11.65%	5.26%	3.42%	3.93%	3.30%	4.40%	5.44%	5.65%	4.16%	6.13%
Enterprise Value to Invested Capital (EV/IC)	1.94	1.87	2.08	1.99	2.02	2.07	2.41	2.37	2.47	2.83	2.75
Enterprise Value to Revenue (EV/Rev)	4.27	4.03	4.58	4.52	4.50	4.91	4.88	4.55	4.80	5.50	4.72
Enterprise Value to EBITDA (EV/EBITDA)	6.73	6.49	7.36	7.81	7.80	9.09	8.71	8.44	9.46	10.90	8.61
Enterprise Value to EBIT (EV/EBIT)	13.30	10.80	12.50	15.06	14.39	16.82	13.67	12.55	13.91	16.11	11.55
Enterprise Value to NOPAT (EV/NOPAT)	9.49	7.76	15.53	18.62	17.52	19.09	17.91	15.36	14.72	19.88	15.18
Enterprise Value to Operating Cash Flow (EV/OCF)	8.93	10.59	11.67	10.24	10.68	11.68	8.63	8.56	9.00	10.16	13.25
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	10.34	9.67	10.19	11.22	9.19	9.22	9.65	11.53	15.25
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.94	1.79	1.64	1.56	1.49	1.39	1.20	1.18	1.11	1.06	0.87
Long-Term Debt to Equity	1.83	1.68	1.46	1.46	1.42	1.32	1.15	1.13	1.06	1.01	0.83
Financial Leverage	0.60	1.55	1.70	1.52	1.44	1.34	1.15	1.08	1.02	0.96	0.74
Leverage Ratio	2.15	3.27	3.52	3.32	3.21	3.06	2.93	2.93	2.82	2.72	2.44
Compound Leverage Factor	0.42	2.04	1.33	1.05	1.45	1.74	2.31	1.66	1.21	1.76	2.23
Debt to Total Capital	66.03%	64.09%	62.15%	60.96%	59.86%	58.10%	54.52%	54.11%	52.70%	51.46%	46.55%
Short-Term Debt to Total Capital	3.83%	3.86%	7.02%	4.12%	2.77%	2.74%	2.41%	2.48%	2.47%	2.46%	2.33%
Long-Term Debt to Total Capital	62.20%	60.23%	55.14%	56.84%	57.10%	55.36%	52.11%	51.63%	50.23%	49.00%	44.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	33.97%	35.91%	37.85%	39.04%	40.14%	41.90%	45.48%	45.89%	47.30%	48.54%	53.45%
Debt to EBITDA	2.52	2.44	2.42	2.66	2.58	2.83	2.26	2.24	2.34	2.29	1.72
Net Debt to EBITDA	2.18	2.11	2.07	2.23	2.13	2.35	1.73	1.67	1.73	1.69	1.16
Long-Term Debt to EBITDA	2.37	2.29	2.15	2.48	2.46	2.69	2.16	2.14	2.23	2.18	1.63
Debt to NOPAT	3.55	2.92	5.10	6.34	5.80	5.94	4.64	4.07	3.64	4.18	3.03
Net Debt to NOPAT	3.07	2.53	4.38	5.31	4.78	4.93	3.57	3.04	2.69	3.08	2.04
Long-Term Debt to NOPAT	3.34	2.74	4.53	5.91	5.54	5.66	4.44	3.89	3.47	3.98	2.88
Altman Z-Score	1.26	1.39	1.49	1.39	1.51	1.63	1.98	1.82	1.94	2.32	3.11
Noncontrolling Interest Sharing Ratio	-0.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.33	2.68	2.02	2.23	3.00	3.42	3.53	2.94	3.09	3.72	3.81
Quick Ratio	2.20	2.56	1.94	2.14	2.86	3.28	3.40	2.80	2.91	3.51	3.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	958	-838	89	82	84	94	142	95	101	89	79
Operating Cash Flow to CapEx	2,486.23%	5,434.02%	2,102.35%	8,477.81%	5,572.68%	23,851.67%	19,645.34%	25,060.96%	12,040.10%	2,240.20%	10,169.15%
Free Cash Flow to Firm to Interest Expense	61.64	-53.52	5.76	5.82	6.10	7.40	11.51	8.88	9.88	8.86	8.34
Operating Cash Flow to Interest Expense	1.85	1.36	2.55	4.74	1.71	1.12	8.73	5.37	2.26	1.77	6.36
Operating Cash Flow Less CapEx to Interest Expense	1.77	1.33	2.43	4.69	1.68	1.12	8.69	5.34	2.24	1.69	6.29
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.22	0.36	0.34	0.32	0.33	0.31	0.34	0.35	0.35	0.35	0.41
Accounts Receivable Turnover	2.21	3.18	3.15	3.17	3.26	2.52	2.98	3.12	3.02	2.58	2.99
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	12.46	74.53	67.49	62.59	61.28	57.72	56.76	59.58	61.13	60.46	71.57
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	165.18	114.88	115.85	115.19	111.85	144.99	122.68	117.07	120.76	141.52	122.10
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	165.18	114.88	115.85	115.19	111.85	144.99	122.68	117.07	120.76	141.52	122.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	867	875	859	807	800	813	762	732	735	737	762
Invested Capital Turnover	0.29	0.93	0.44	0.42	0.43	0.41	0.46	0.49	0.49	0.49	0.58
Increase / (Decrease) in Invested Capital	-951	875	-58	-80	-66	-62	-97	-75	-65	-76	0.63
Enterprise Value (EV)	1,679	1,634	1,782	1,605	1,616	1,686	1,834	1,732	1,818	2,089	2,094
Market Capitalization	1,135	1,102	1,280	1,147	1,175	1,251	1,469	1,389	1,486	1,765	1,812
Book Value per Share	$3.04	$3.22	$3.33	$3.25	$3.31	$3.47	$3.63	$3.62	$3.71	$3.78	$4.39
Tangible Book Value per Share	($3.53)	($3.16)	($2.84)	($2.73)	($2.45)	($2.14)	($2.00)	($2.01)	($1.74)	($1.50)	($1.25)
Total Capital	951	958	942	896	895	903	872	849	852	852	899
Total Debt	628	614	586	546	536	524	475	459	449	439	418
Total Long-Term Debt	591	577	520	509	511	500	454	438	428	418	397
Net Debt	544	532	502	457	441	435	365	343	332	324	282
Capital Expenditures (CapEx)	1.16	0.39	1.88	0.79	0.42	0.06	0.55	0.23	0.19	0.80	0.59
Debt-free, Cash-free Net Working Capital (DFCFNWC)	66	93	86	61	76	109	96	78	85	111	108
Debt-free Net Working Capital (DFNWC)	151	175	170	150	171	198	206	195	202	226	245
Net Working Capital (NWC)	114	138	104	114	146	173	185	174	181	205	224
Net Nonoperating Expense (NNE)	5.20	13	19	1.74	9.12	13	8.53	7.60	19	4.11	5.68
Net Nonoperating Obligations (NNO)	544	532	502	457	441	435	365	343	332	324	282
Total Depreciation and Amortization (D&A)	25	25	24	24	21	15	16	15	15	15	16
Debt-free, Cash-free Net Working Capital to Revenue	16.88%	22.89%	22.22%	17.32%	21.30%	31.64%	25.50%	20.53%	22.52%	29.25%	24.45%
Debt-free Net Working Capital to Revenue	38.33%	43.15%	43.71%	42.39%	47.61%	57.59%	54.86%	51.17%	53.28%	59.54%	55.29%
Net Working Capital to Revenue	29.07%	34.02%	26.70%	31.99%	40.71%	50.39%	49.27%	45.64%	47.73%	54.02%	50.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.01	$0.23	$0.12	$0.01	$0.08	$0.18	$0.33	$0.11	$0.15	$0.08	$0.68
Adjusted Weighted Average Basic Shares Outstanding	106.46M	106.90M	106.55M	107.77M	108.67M	109.04M	108.65M	107.95M	108.83M	109.42M	108.85M
Adjusted Diluted Earnings per Share	$0.01	$0.21	$0.12	$0.01	$0.07	$0.17	$0.33	$0.10	$0.15	$0.08	$0.66
Adjusted Weighted Average Diluted Shares Outstanding	112.78M	112.93M	112.85M	112.98M	112.54M	113.12M	113.06M	113.02M	112.18M	112.82M	112.75M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.12	$0.00	$0.00	$0.00	$0.33	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	106.75M	107.17M	107.42M	108.51M	108.90M	109.26M	107.51M	108.50M	109.37M	109.51M	109.05M
Normalized Net Operating Profit after Tax (NOPAT)	14	40	18	16	21	22	48	24	17	23	84
Normalized NOPAT Margin	16.87%	38.98%	20.50%	18.71%	23.65%	25.02%	39.86%	27.82%	19.25%	25.81%	46.06%
Pre Tax Income Margin	4.57%	25.59%	10.85%	7.90%	12.96%	19.51%	39.01%	15.85%	8.89%	21.10%	55.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.24	2.66	1.61	1.46	1.82	2.32	4.78	2.31	1.75	2.83	11.70
NOPAT to Interest Expense	0.43	2.39	2.03	0.19	1.27	2.53	3.62	1.82	3.52	1.29	8.41
EBIT Less CapEx to Interest Expense	1.17	2.63	1.49	1.41	1.79	2.31	4.73	2.28	1.73	2.75	11.63
NOPAT Less CapEx to Interest Expense	0.35	2.37	1.91	0.13	1.24	2.53	3.57	1.80	3.50	1.21	8.35
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-7.39%	16.54%	31.67%	54.64%	46.64%	52.46%	33.68%	28.82%	25.96%	29.69%	19.60%
Augmented Payout Ratio	-7.39%	16.54%	31.67%	54.64%	46.64%	52.46%	62.63%	68.58%	61.76%	70.61%	38.81%

Financials Breakdown Chart

Key Financial Trends

Adeia Inc. (ADEA) has reported a mix of strong quarterly profitability in late 2025 and meaningful balance-sheet and cash-flow dynamics across the last four years. Below are the top trends and takeaways for retail investors, based on the provided quarterly statements (Q1–Q4 2023 through Q4 2025).

Strong Q4 2025 profitability: Net income attributable to common shareholders was $73.71 million with diluted EPS of $0.66, versus $36.03 million and $0.33 in Q4 2024, signaling a notable quarterly improvement.
Robust Q4 2025 revenue growth: Operating revenue reached $182.64 million in Q4 2025, up from $119.17 million in Q4 2024 (roughly +53% year over year).
Solid operating margin in Q4 2025: Total operating income was $108.75 million, contributing to a healthy quarterly profitability profile despite higher operating expenses.
Positive cash generation from operations in Q4 2025: Net cash from continuing operating activities was $59.998 million, reflecting ongoing cash generation from core operations.
Capital-light quarter: Purchases of property, plant & equipment were modest at $0.59 million in Q4 2025, indicating a capital-light quarter with strong cash conversion.
Debt reduction in Q4 2025: Debt repayments totaled $21.09 million, reducing leverage and interest burdens going forward.

Dilution context: Weighted average diluted shares outstanding were about 112.75 million in Q4 2025, up from prior periods, implying ongoing dilution considerations for shareholders.
Unusual gross margin signal: Q4 2025 shows a gross margin of approximately 100% (gross profit equals revenue with minimal or zero cost of revenue in the period). This could reflect a one-time or non-recurring revenue recognition dynamic and may not necessarily indicate a repeatable margin profile.

financing activity headwinds: Net cash from financing activities was negative in several 2025 quarters (Q2 and Q3 around -$23–$37 million; Q4 around -$37 million), indicating continued cash outflows for debt service, buybacks, and other financing activities rather than external financing to fund operations.
Leverage remains elevated: Total liabilities have hovered in the mid-to-high hundreds of millions (e.g., around $655–$705 million) with equity around $389–$414 million across recent quarters, implying a higher debt-to-equity posture that could weigh on downside risk if growth slows.

05/06/26 11:53 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Adeia's Financials

When does Adeia's fiscal year end?

According to the most recent income statement we have on file, Adeia's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has Adeia's net income changed over the last 7 years?

Adeia's net income appears to be on a downward trend, with a most recent value of $111.08 million in 2025, falling from -$1.76 million in 2018. The previous period was $64.62 million in 2024. View Adeia's forecast to see where analysts expect Adeia to go next.

What is Adeia's operating income?

Adeia's total operating income in 2025 was $175.00 million, based on the following breakdown:

Total Gross Profit: $443.39 million
Total Operating Expenses: $268.38 million

How has Adeia's revenue changed over the last 7 years?

Over the last 7 years, Adeia's total revenue changed from $406.13 million in 2018 to $443.39 million in 2025, a change of 9.2%.

How much debt does Adeia have?

Adeia's total liabilities were at $558.76 million at the end of 2025, a 20.3% decrease from 2024, and a 11.1% increase since 2019.

How much cash does Adeia have?

In the past 6 years, Adeia's cash and equivalents has ranged from $54.56 million in 2023 to $170.19 million in 2020, and is currently $73.14 million as of their latest financial filing in 2025.

How has Adeia's book value per share changed over the last 7 years?

Over the last 7 years, Adeia's book value per share changed from 0.00 in 2018 to 4.39 in 2025, a change of 438.8%.

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Financial statements for NASDAQ:ADEA last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Adeia (ADEA) Financials

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Adeia (ADEA) Financials

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