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

Adeia (ADEA) Financials

$32.34 +0.42 (+1.32%)

Closing price 06/15/2026 04:00 PM Eastern

Extended Trading

$32.69 +0.35 (+1.09%)

As of 06:44 AM Eastern

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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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	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	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	24	13	0.90	8.38	19	36	12	17	8.83	74	23
Consolidated Net Income / (Loss)	24	13	0.90	8.38	19	36	12	17	8.83	74	23
Net Income / (Loss) Continuing Operations	24	13	0.90	8.38	19	36	12	17	8.83	74	23
Total Pre-Tax Income	26	9.43	6.59	11	17	46	14	7.62	18	101	28
Total Operating Income	40	23	19	24	28	57	23	16	27	109	35
Total Gross Profit	101	87	83	87	86	119	88	86	87	183	105
Total Revenue	101	87	83	87	86	119	88	86	87	183	105
Operating Revenue	101	87	83	87	86	119	88	86	87	183	105
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	61	64	64	64	58	62	65	69	60	74	70
Selling, General & Admin Expense	22	24	24	25	27	28	28	32	25	34	30
Research & Development Expense	14	14	14	15	15	16	16	16	16	19	18
Amortization Expense	23	23	23	20	14	14	14	14	14	14	16
Other Special Charges / (Income)	2.21	2.17	2.93	4.26	2.65	3.81	5.85	7.17	5.20	6.49	5.97
Total Other Income / (Expense), net	-14	-14	-13	-12	-11	-11	-8.94	-8.78	-8.58	-7.78	-6.85
Interest Expense	16	15	14	14	13	12	11	10	10	9.44	8.55
Other Income / (Expense), net	1.49	1.60	1.40	1.43	1.43	1.31	1.71	1.43	1.48	1.66	1.69
Income Tax Expense	1.71	-3.27	5.69	2.94	-2.52	10	2.08	-9.10	9.60	27	5.21
Basic Earnings per Share	$0.23	$0.12	$0.01	$0.08	$0.18	$0.33	$0.11	$0.15	$0.08	$0.68	$0.21
Weighted Average Basic Shares Outstanding	106.90M	106.55M	107.77M	108.67M	109.04M	108.65M	107.95M	108.83M	109.42M	108.85M	109.50M
Diluted Earnings per Share	$0.21	$0.12	$0.01	$0.07	$0.17	$0.33	$0.10	$0.15	$0.08	$0.66	$0.20
Weighted Average Diluted Shares Outstanding	112.93M	112.85M	112.98M	112.54M	113.12M	113.06M	113.02M	112.18M	112.82M	112.75M	114.20M
Weighted Average Basic & Diluted Shares Outstanding	107.17M	107.42M	108.51M	108.90M	109.26M	107.51M	108.50M	109.37M	109.51M	109.05M	110.29M
Cash Dividends to Common per Share	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05	$0.05	-	$0.05

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	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	3/31/2026
Net Change in Cash & Equivalents	-8.62	2.71	3.46	8.43	-5.76	18	5.36	0.06	-28	17	-20
Net Cash From Operating Activities	21	39	67	23	14	107	57	23	18	60	58
Net Cash From Continuing Operating Activities	21	39	67	23	14	107	57	23	18	60	58
Net Income / (Loss) Continuing Operations	24	13	0.90	8.38	19	36	12	17	8.83	74	23
Consolidated Net Income / (Loss)	24	13	0.90	8.38	19	36	12	17	8.83	74	23
Depreciation Expense	0.38	0.39	0.52	0.49	0.53	0.52	0.51	0.49	0.48	0.48	0.49
Amortization Expense	24	24	24	21	14	15	15	15	15	15	17
Non-Cash Adjustments To Reconcile Net Income	-4.07	5.10	6.54	1.28	-3.92	5.14	16	13	0.16	-60	20
Changes in Operating Assets and Liabilities, net	-24	-2.81	35	-7.56	-16	51	14	-22	-6.66	30	-1.80
Net Cash From Investing Activities	-6.42	-2.66	-11	2.75	-0.15	-16	-6.17	0.01	-28	-5.89	-4.89
Net Cash From Continuing Investing Activities	-6.42	-2.66	-11	2.75	-0.15	-16	-6.17	0.01	-28	-5.89	-4.89
Purchase of Property, Plant & Equipment	-0.39	-1.88	-0.79	-0.42	-0.06	-0.55	-0.23	-0.19	-0.80	-0.59	-0.43
Acquisitions	-	-2.44	-8.48	-	-	-12	-5.35	-	-0.75	-0.85	-5.48
Purchase of Investments	-9.83	-9.25	-11	-7.53	-6.39	-8.08	-7.19	-5.80	-33	-11	-9.03
Sale and/or Maturity of Investments	3.80	11	9.45	11	6.30	5.00	6.60	6.00	6.60	6.60	10
Net Cash From Financing Activities	-23	-34	-53	-18	-20	-74	-46	-23	-18	-37	-73
Net Cash From Continuing Financing Activities	-23	-34	-53	-18	-20	-74	-46	-23	-18	-37	-73
Repayment of Debt	-15	-29	-40	-12	-12	-50	-17	-11	-11	-21	-28
Repurchase of Common Equity	-	-	0.00	-	-	-19	-11	-	-	-10	-10
Payment of Dividends	-5.34	-5.36	-5.42	-5.43	-5.45	-5.46	-5.42	-5.44	-5.47	-5.44	-5.54
Other Financing Activities, net	-2.97	0.41	-7.23	-0.33	-2.45	0.48	-12	-6.54	-1.21	-0.53	-30
Cash Interest Paid	14	14	13	11	12	11	9.61	8.11	8.01	7.46	6.56
Cash Income Taxes Paid	0.59	6.89	4.52	1.46	1.71	4.80	8.60	5.00	0.78	0.65	4.35

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
Noncurrent Deferred & Payable Income Tax Liabilities	30	25	7.08	-	-	-	0.00
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	Q1 2026
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	3/31/2026
Total Assets	1,154	1,123	1,124	1,079	1,069	1,083	1,087	1,083	1,069	1,002
Total Current Assets	209	200	220	206	219	245	263	267	281	281
Cash & Equivalents	82	60	52	58	66	61	84	84	56	53
Short-Term Investments	-	24	30	31	28	28	32	32	59	62
Accounts Receivable	115	105	128	109	115	146	135	136	149	157
Other Current Assets	11	11	10	8.03	10	9.99	12	15	16	8.55
Plant, Property, & Equipment, net	4.56	5.01	5.44	6.78	6.70	6.47	5.98	5.69	6.10	6.09
Total Noncurrent Assets	940	917	899	866	843	832	818	810	782	715
Noncurrent Note & Lease Receivables	64	65	66	65	64	63	52	48	45	43
Goodwill	314	314	314	314	314	314	314	314	314	314
Intangible Assets	409	385	367	331	311	297	292	278	264	294
Noncurrent Deferred & Refundable Income Taxes	111	110	108	116	114	120	113	124	121	0.00
Other Noncurrent Operating Assets	43	44	45	40	40	38	47	47	39	64
Total Liabilities & Shareholders' Equity	1,154	1,123	1,124	1,079	1,069	1,083	1,087	1,083	1,069	1,002
Total Liabilities	831	800	780	729	710	705	698	680	655	536
Total Current Liabilities	99	86	82	93	73	71	90	87	75	82
Short-Term Debt	36	36	37	37	25	25	21	21	21	21
Accounts Payable	4.08	16	10	4.86	4.79	7.72	5.06	3.08	3.09	5.81
Accrued Expenses	29	14	19	14	17	18	15	24	21	21
Current Deferred Revenue	29	20	16	37	27	21	49	38	30	34
Total Noncurrent Liabilities	733	713	698	637	636	633	608	593	580	454
Long-Term Debt	611	591	577	509	511	500	438	428	418	370
Noncurrent Deferred Revenue	98	98	100	99	97	107	145	141	138	60
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	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	24
Commitments & Contingencies	0.00	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	467
Total Preferred & Common Equity	323	323	344	350	359	378	389	403	414	467
Preferred Stock	0.00	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	467
Common Stock	635	635	635	636	638	640	657	667	676	695
Retained Earnings	-95	-93	-69	-55	-47	-28	9.23	21	24	109
Treasury Stock	-218	-219	-222	-230	-232	-234	-277	-285	-286	-338
Accumulated Other Comprehensive Income / (Loss)	-0.05	-0.08	-0.07	-0.07	-0.10	0.15	0.04	0.04	0.02	-0.12

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	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	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	109,052,507.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	109,052,507.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.21
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.55%	-15.90%	-28.90%	4.97%	-15.09%	37.18%	5.11%	-1.85%	1.44%	53.26%	19.51%
EBITDA Growth	4.06%	-16.53%	-44.87%	4.47%	-32.96%	50.66%	-11.60%	-28.22%	-1.18%	69.52%	34.76%
EBIT Growth	152.11%	-26.14%	-63.41%	29.63%	-28.97%	136.46%	18.22%	-28.84%	-3.61%	87.80%	48.80%
NOPAT Growth	253.25%	-76.16%	-93.26%	164.49%	-13.69%	42.14%	634.70%	105.59%	-60.00%	78.20%	46.06%
Net Income Growth	106.22%	-82.78%	-96.90%	490.70%	-20.30%	183.69%	1,214.13%	99.50%	-54.29%	104.59%	92.76%
EPS Growth	105.65%	-83.10%	-96.15%	600.00%	-19.05%	175.00%	900.00%	114.29%	-52.94%	100.00%	100.00%
Operating Cash Flow Growth	-61.38%	-3.76%	6.12%	-18.30%	-32.64%	172.46%	-15.01%	-1.47%	24.60%	-44.17%	2.36%
Free Cash Flow Firm Growth	0.00%	0.00%	109.73%	-91.25%	111.26%	59.44%	14.65%	20.42%	-5.64%	-44.40%	-80.50%
Invested Capital Growth	0.00%	-6.28%	-9.00%	-7.65%	-7.09%	-11.31%	-9.31%	-8.11%	-9.36%	0.08%	1.35%
Revenue Q/Q Growth	21.85%	-14.33%	-3.99%	4.73%	-1.43%	38.40%	-26.43%	-2.21%	1.87%	109.12%	-42.64%
EBITDA Q/Q Growth	49.36%	-25.71%	-8.33%	2.71%	-4.14%	66.93%	-46.22%	-16.59%	31.97%	186.36%	-57.25%
EBIT Q/Q Growth	115.11%	-40.24%	-16.49%	20.74%	17.88%	98.95%	-58.25%	-27.33%	59.68%	287.61%	-66.92%
NOPAT Q/Q Growth	466.17%	-16.35%	-91.57%	562.54%	84.76%	37.76%	-56.43%	85.39%	-64.05%	513.70%	-64.29%
Net Income Q/Q Growth	1,607.68%	-47.59%	-92.92%	832.37%	130.42%	86.54%	-67.21%	41.54%	-47.21%	734.97%	-69.11%
EPS Q/Q Growth	2,000.00%	-42.86%	-91.67%	600.00%	142.86%	94.12%	-69.70%	50.00%	-46.67%	725.00%	-69.70%
Operating Cash Flow Q/Q Growth	-26.01%	85.63%	70.46%	-65.10%	-39.00%	650.89%	-46.83%	-59.54%	-22.86%	236.46%	-2.52%
Free Cash Flow Firm Q/Q Growth	-187.49%	110.60%	-7.18%	1.62%	12.62%	50.10%	-33.26%	6.73%	-11.75%	-11.56%	-76.59%
Invested Capital Q/Q Growth	1.03%	-1.91%	-5.99%	-0.87%	1.64%	-6.37%	-3.87%	0.44%	0.27%	3.38%	-2.65%
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	65.47%	56.77%	54.20%	53.15%	51.69%	62.34%	45.58%	38.87%	50.36%	68.96%	51.39%
Operating Margin	39.56%	26.78%	23.22%	27.07%	32.66%	48.24%	26.05%	19.13%	30.92%	59.54%	33.25%
EBIT Margin	41.03%	28.62%	24.90%	28.70%	34.32%	49.34%	28.00%	20.81%	32.61%	60.45%	34.86%
Profit (Net Income) Margin	23.90%	14.62%	1.08%	9.60%	22.43%	30.23%	13.48%	19.50%	10.11%	40.36%	21.74%
Tax Burden Percent	93.40%	134.72%	13.64%	74.04%	115.01%	77.51%	85.01%	219.36%	47.90%	73.00%	81.39%
Interest Burden Percent	62.36%	37.91%	31.73%	45.16%	56.83%	79.06%	56.62%	42.73%	64.70%	91.45%	76.60%
Effective Tax Rate	6.60%	-34.72%	86.36%	25.96%	-15.01%	22.49%	15.00%	-119.36%	52.10%	27.00%	18.61%
Return on Invested Capital (ROIC)	34.21%	15.81%	1.33%	8.63%	15.29%	17.35%	10.94%	20.70%	7.26%	25.30%	16.90%
ROIC Less NNEP Spread (ROIC-NNEP)	29.23%	12.47%	0.99%	6.78%	12.59%	15.39%	9.04%	15.72%	6.17%	23.54%	15.10%
Return on Net Nonoperating Assets (RNNOA)	45.20%	21.17%	1.50%	9.79%	16.87%	17.71%	9.78%	15.96%	5.92%	17.36%	10.90%
Return on Equity (ROE)	79.40%	36.97%	2.82%	18.42%	32.15%	35.07%	20.72%	36.66%	13.17%	42.65%	27.81%
Cash Return on Invested Capital (CROIC)	0.00%	19.41%	19.59%	19.03%	17.81%	24.62%	24.41%	24.54%	23.37%	18.02%	18.63%
Operating Return on Assets (OROA)	14.79%	9.61%	7.91%	9.40%	10.69%	16.84%	9.83%	7.32%	11.52%	25.08%	15.37%
Return on Assets (ROA)	8.61%	4.91%	0.34%	3.14%	6.99%	10.32%	4.73%	6.87%	3.57%	16.75%	9.58%
Return on Common Equity (ROCE)	79.40%	36.97%	2.82%	18.42%	32.15%	35.07%	20.72%	36.66%	13.17%	42.65%	27.81%
Return on Equity Simple (ROE_SIMPLE)	37.35%	0.00%	11.22%	12.87%	10.92%	0.00%	19.40%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	37	31	2.64	18	32	45	19	36	13	79	28
NOPAT Margin	36.95%	36.08%	3.17%	20.04%	37.56%	37.39%	22.14%	41.97%	14.81%	43.47%	27.06%
Net Nonoperating Expense Percent (NNEP)	4.98%	3.34%	0.34%	1.85%	2.69%	1.97%	1.90%	4.98%	1.08%	1.76%	1.80%
Return On Investment Capital (ROIC_SIMPLE)	-	3.33%	-	-	-	5.11%	2.29%	4.22%	1.52%	8.83%	3.30%
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	21.62%	27.68%	28.81%	28.18%	31.25%	23.41%	32.43%	37.47%	28.53%	18.64%	28.48%
R&D to Revenue	13.58%	16.54%	16.70%	16.94%	17.22%	13.47%	18.78%	18.50%	18.37%	10.49%	17.37%
Operating Expenses to Revenue	60.44%	73.22%	76.78%	72.93%	67.34%	51.76%	73.95%	80.87%	69.08%	40.46%	66.75%
Earnings before Interest and Taxes (EBIT)	42	25	21	25	30	59	25	18	28	110	37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	66	49	45	46	45	74	40	33	44	126	54
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.21	3.59	3.28	3.27	3.31	3.70	3.57	3.69	4.27	3.77	5.41
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)	2.72	3.29	3.23	3.27	3.64	3.91	3.65	3.92	4.65	4.09	5.48
Price to Earnings (P/E)	8.58	19.00	29.23	25.43	30.30	22.73	18.39	17.71	24.05	16.32	20.69
Dividend Yield	1.91%	1.64%	1.83%	1.79%	1.68%	1.43%	1.51%	1.41%	1.19%	1.16%	0.83%
Earnings Yield	11.65%	5.26%	3.42%	3.93%	3.30%	4.40%	5.44%	5.65%	4.16%	6.13%	4.83%
Enterprise Value to Invested Capital (EV/IC)	1.87	2.08	1.99	2.02	2.07	2.41	2.37	2.47	2.83	2.75	3.77
Enterprise Value to Revenue (EV/Rev)	4.03	4.58	4.52	4.50	4.91	4.88	4.55	4.80	5.50	4.72	6.08
Enterprise Value to EBITDA (EV/EBITDA)	6.49	7.36	7.81	7.80	9.09	8.71	8.44	9.46	10.90	8.61	10.89
Enterprise Value to EBIT (EV/EBIT)	10.80	12.50	15.06	14.39	16.82	13.67	12.55	13.91	16.11	11.55	14.49
Enterprise Value to NOPAT (EV/NOPAT)	7.76	15.53	18.62	17.52	19.09	17.91	15.36	14.72	19.88	15.18	19.02
Enterprise Value to Operating Cash Flow (EV/OCF)	10.59	11.67	10.24	10.68	11.68	8.63	8.56	9.00	10.16	13.25	17.56
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	10.34	9.67	10.19	11.22	9.19	9.22	9.65	11.53	15.25	20.39
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.79	1.64	1.56	1.49	1.39	1.20	1.18	1.11	1.06	0.87	0.84
Long-Term Debt to Equity	1.68	1.46	1.46	1.42	1.32	1.15	1.13	1.06	1.01	0.83	0.79
Financial Leverage	1.55	1.70	1.52	1.44	1.34	1.15	1.08	1.02	0.96	0.74	0.72
Leverage Ratio	3.27	3.52	3.32	3.21	3.06	2.93	2.93	2.82	2.72	2.44	2.44
Compound Leverage Factor	2.04	1.33	1.05	1.45	1.74	2.31	1.66	1.21	1.76	2.23	1.87
Debt to Total Capital	64.09%	62.15%	60.96%	59.86%	58.10%	54.52%	54.11%	52.70%	51.46%	46.55%	45.61%
Short-Term Debt to Total Capital	3.86%	7.02%	4.12%	2.77%	2.74%	2.41%	2.48%	2.47%	2.46%	2.33%	2.45%
Long-Term Debt to Total Capital	60.23%	55.14%	56.84%	57.10%	55.36%	52.11%	51.63%	50.23%	49.00%	44.21%	43.16%
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	35.91%	37.85%	39.04%	40.14%	41.90%	45.48%	45.89%	47.30%	48.54%	53.45%	54.39%
Debt to EBITDA	2.44	2.42	2.66	2.58	2.83	2.26	2.24	2.34	2.29	1.72	1.52
Net Debt to EBITDA	2.11	2.07	2.23	2.13	2.35	1.73	1.67	1.73	1.69	1.16	1.07
Long-Term Debt to EBITDA	2.29	2.15	2.48	2.46	2.69	2.16	2.14	2.23	2.18	1.63	1.44
Debt to NOPAT	2.92	5.10	6.34	5.80	5.94	4.64	4.07	3.64	4.18	3.03	2.66
Net Debt to NOPAT	2.53	4.38	5.31	4.78	4.93	3.57	3.04	2.69	3.08	2.04	1.87
Long-Term Debt to NOPAT	2.74	4.53	5.91	5.54	5.66	4.44	3.89	3.47	3.98	2.88	2.52
Altman Z-Score	1.39	1.49	1.39	1.51	1.63	1.98	1.82	1.94	2.32	3.11	3.80
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.68	2.02	2.23	3.00	3.42	3.53	2.94	3.09	3.72	3.81	3.44
Quick Ratio	2.56	1.94	2.14	2.86	3.28	3.40	2.80	2.91	3.51	3.70	3.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-838	89	82	84	94	142	95	101	89	79	18
Operating Cash Flow to CapEx	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%	13,476.50%
Free Cash Flow to Firm to Interest Expense	-53.52	5.76	5.82	6.10	7.40	11.51	8.88	9.88	8.86	8.34	2.16
Operating Cash Flow to Interest Expense	1.36	2.55	4.74	1.71	1.12	8.73	5.37	2.26	1.77	6.36	6.84
Operating Cash Flow Less CapEx to Interest Expense	1.33	2.43	4.69	1.68	1.12	8.69	5.34	2.24	1.69	6.29	6.79
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.34	0.32	0.33	0.31	0.34	0.35	0.35	0.35	0.41	0.44
Accounts Receivable Turnover	3.18	3.15	3.17	3.26	2.52	2.98	3.12	3.02	2.58	2.99	3.16
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	74.53	67.49	62.59	61.28	57.72	56.76	59.58	61.13	60.46	71.57	76.27
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)	114.88	115.85	115.19	111.85	144.99	122.68	117.07	120.76	141.52	122.10	115.67
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)	114.88	115.85	115.19	111.85	144.99	122.68	117.07	120.76	141.52	122.10	115.67
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	875	859	807	800	813	762	732	735	737	762	742
Invested Capital Turnover	0.93	0.44	0.42	0.43	0.41	0.46	0.49	0.49	0.49	0.58	0.62
Increase / (Decrease) in Invested Capital	875	-58	-80	-66	-62	-97	-75	-65	-76	0.63	9.92
Enterprise Value (EV)	1,634	1,782	1,605	1,616	1,686	1,834	1,732	1,818	2,089	2,094	2,800
Market Capitalization	1,102	1,280	1,147	1,175	1,251	1,469	1,389	1,486	1,765	1,812	2,525
Book Value per Share	$3.22	$3.33	$3.25	$3.31	$3.47	$3.63	$3.62	$3.71	$3.78	$4.39	$4.28
Tangible Book Value per Share	($3.16)	($2.84)	($2.73)	($2.45)	($2.14)	($2.00)	($2.01)	($1.74)	($1.50)	($1.25)	($1.29)
Total Capital	958	942	896	895	903	872	849	852	852	899	858
Total Debt	614	586	546	536	524	475	459	449	439	418	391
Total Long-Term Debt	577	520	509	511	500	454	438	428	418	397	370
Net Debt	532	502	457	441	435	365	343	332	324	282	276
Capital Expenditures (CapEx)	0.39	1.88	0.79	0.42	0.06	0.55	0.23	0.19	0.80	0.59	0.43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	93	86	61	76	109	96	78	85	111	108	105
Debt-free Net Working Capital (DFNWC)	175	170	150	171	198	206	195	202	226	245	221
Net Working Capital (NWC)	138	104	114	146	173	185	174	181	205	224	200
Net Nonoperating Expense (NNE)	13	19	1.74	9.12	13	8.53	7.60	19	4.11	5.68	5.58
Net Nonoperating Obligations (NNO)	532	502	457	441	435	365	343	332	324	282	276
Total Depreciation and Amortization (D&A)	25	24	24	21	15	16	15	15	15	16	17
Debt-free, Cash-free Net Working Capital to Revenue	22.89%	22.22%	17.32%	21.30%	31.64%	25.50%	20.53%	22.52%	29.25%	24.45%	22.78%
Debt-free Net Working Capital to Revenue	43.15%	43.71%	42.39%	47.61%	57.59%	54.86%	51.17%	53.28%	59.54%	55.29%	47.91%
Net Working Capital to Revenue	34.02%	26.70%	31.99%	40.71%	50.39%	49.27%	45.64%	47.73%	54.02%	50.56%	43.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.23	$0.12	$0.01	$0.08	$0.18	$0.33	$0.11	$0.15	$0.08	$0.68	$0.21
Adjusted Weighted Average Basic Shares Outstanding	106.90M	106.55M	107.77M	108.67M	109.04M	108.65M	107.95M	108.83M	109.42M	108.85M	109.50M
Adjusted Diluted Earnings per Share	$0.21	$0.12	$0.01	$0.07	$0.17	$0.33	$0.10	$0.15	$0.08	$0.66	$0.20
Adjusted Weighted Average Diluted Shares Outstanding	112.93M	112.85M	112.98M	112.54M	113.12M	113.06M	113.02M	112.18M	112.82M	112.75M	114.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.12	$0.00	$0.00	$0.00	$0.33	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	107.17M	107.42M	108.51M	108.90M	109.26M	107.51M	108.50M	109.37M	109.51M	109.05M	110.29M
Normalized Net Operating Profit after Tax (NOPAT)	40	18	16	21	22	48	24	17	23	84	33
Normalized NOPAT Margin	38.98%	20.50%	18.71%	23.65%	25.02%	39.86%	27.82%	19.25%	25.81%	46.06%	31.70%
Pre Tax Income Margin	25.59%	10.85%	7.90%	12.96%	19.51%	39.01%	15.85%	8.89%	21.10%	55.28%	26.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.66	1.61	1.46	1.82	2.32	4.78	2.31	1.75	2.83	11.70	4.27
NOPAT to Interest Expense	2.39	2.03	0.19	1.27	2.53	3.62	1.82	3.52	1.29	8.41	3.32
EBIT Less CapEx to Interest Expense	2.63	1.49	1.41	1.79	2.31	4.73	2.28	1.73	2.75	11.63	4.22
NOPAT Less CapEx to Interest Expense	2.37	1.91	0.13	1.24	2.53	3.57	1.80	3.50	1.21	8.35	3.27
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	16.54%	31.67%	54.64%	46.64%	52.46%	33.68%	28.82%	25.96%	29.69%	19.60%	17.93%
Augmented Payout Ratio	16.54%	31.67%	54.64%	46.64%	52.46%	62.63%	68.58%	61.76%	70.61%	38.81%	34.33%

Financials Breakdown Chart

Key Financial Trends

Adeia’s latest quarter shows a business that is still generating solid cash and profits, but with some balance-sheet and leverage pressure. In Q1 2026, revenue came in at $104.8 million, down from $182.6 million in Q4 2025, though quarter-to-quarter comparisons for this name can be uneven because of timing and reported special items. Net income was $22.8 million, or $0.20 diluted EPS, and operating cash flow remained healthy at $58.5 million.

Over the longer trend, Adeia has improved meaningfully from the losses seen in 2023. The company moved from a large loss in Q3 2022 and weak results through parts of 2023 to much stronger profitability in 2024 and 2025. That said, profitability has been volatile, partly because of amortization, special charges, and interest expense tied to debt.

Operating cash flow remains strong. Adeia generated $58.5 million in operating cash flow in Q1 2026, which suggests the core business still converts earnings into cash.
Net income stayed profitable. Q1 2026 net income of $22.8 million was solid, even though it was lower than the stronger holiday quarter.
The company has a large cash and investment cushion. At quarter-end, Adeia held $53.3 million in cash and equivalents plus $62.4 million in short-term investments.
Shareholder returns continue. Adeia paid a $0.05 quarterly dividend per share and also repurchased stock in the quarter.
Revenue is well above early-2024 levels. Q1 2026 revenue of $104.8 million compares favorably with the weaker quarters seen in 2024, showing the business has scaled materially since then.
Receivables are large relative to current assets. Accounts receivable totaled $157.0 million versus $281.3 million in current assets, so cash collection will remain important.
Deferred revenue is a meaningful revenue-supporting item. Current deferred revenue was $33.8 million and noncurrent deferred revenue was $59.8 million, which helps visibility but also reflects timing of revenue recognition.
Amortization is still a major expense. Q1 2026 amortization expense was $15.9 million on the income statement and $16.8 million in cash-flow add-backs, keeping reported earnings somewhat noisy.
Leverage remains elevated. Long-term debt stood at $370.3 million, and total debt including short-term debt was about $391.3 million.
Interest expense is still a drag on profits. Q1 2026 interest expense was $8.5 million, which meaningfully reduced pre-tax income.

Balance-sheet trend: total assets rose to $1.00 billion in Q1 2026, but liabilities were also elevated at $535.8 million. Equity was $466.6 million. Compared with Q1 2025, debt has not disappeared, and the company remains exposed to refinancing and interest-rate risk.

Bottom line: Adeia looks like a profitable, cash-generative licensing business with a shareholder return policy in place, but investors should keep an eye on debt, interest expense, and the impact of amortization/special charges on reported earnings. The trend is better than it was in 2023, yet the balance sheet still deserves attention.

06/16/26 05:01 AM ETAI Generated. May Contain Errors.

Adeia Financials - Frequently Asked Questions

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.

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. See Adeia's forecast for analyst expectations on what's next for the company.

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

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%.

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.

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.

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%.

Related Companies

Financial statements for NASDAQ:ADEA last updated on 5/8/2026 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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Quarterly Metrics And Ratios for Adeia

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Key Financial Trends

Adeia Financials - Frequently Asked Questions

When does Adeia's fiscal year end?

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

What is Adeia's operating income?

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

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

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