ID
InterDigital Inc
IDCC—
InterDigital Inc AI Insights
Informational only. Not investment advice.Snapshot
- Operating margin 62% TTM vs industry median 0% - pure IP licensing model with minimal COGS (9% of revenue)[Operating Margin]
- FCF of 590M TTM (64% margin) on 929M revenue - cash conversion exceeds net income by 94M[Free Cash Flow]
- ROIC 35% TTM vs industry median -0.5% - capital-light IP model generates exceptional returns[Return on Invested Capital]
Watch Triggers
- Accounts Receivable: Exceeds 200M or DSO extends beyond 60 days — Signals licensee payment delays or disputes - early warning of revenue quality issues
- Research and Development: Falls below 20% of revenue — Patent pipeline depends on sustained R&D - cuts signal harvesting vs growth mode
- Operating Margin: Drops below 55% — Margin compression indicates pricing pressure or litigation costs rising
Bull Case
Royalty-based model with 91% gross margin and 62% operating margin creates durable cash machine - 590M FCF TTM funds dividends (2.1/share) plus buybacks (35M TTM)
Gross MarginOperating MarginFree Cash Flow
Balance sheet strength with 840M cash vs 488M total debt (0.44 D/E) and 696M working capital provides optionality for M&A or patent portfolio expansion
Cash and EquivalentsDebt to EquityWorking Capital
Bear Case
P/S ratio 12.4x vs industry median 3.9x and P/B 15.1x prices in perfection - any licensing dispute loss or contract non-renewal creates downside
P/S RatioP/B RatioP/E Ratio
Revenue concentration risk inherent in IP licensing - receivables jumped 228M TTM suggesting timing/collection dependency on few large licensees
Change in ReceivablesAccounts Receivable
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
65%
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Forward Thesis
IP licensing revenue to accelerate as 5G/6G patent portfolio monetization expands
1-3ymed
- R&D spend 203M TTM (22% of revenue) builds patent moat
- 91% gross margin enables pricing power in licensing negotiations
- 840M cash provides runway for patent acquisitions
Revenue 3Y CAGR 12.8% vs industry median 10%Operating income 576M TTM on minimal fixed assets (39M PPE)Net margin 53% TTM vs industry median -0.1%
Valuation Context
Caveats
Public Strategies Rankings
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IDCC Fundamentals
Information → Software Publishers
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$10.78B | — | ||
$10.43B | — | ||
21 | — | ||
$928.59M | +28.8% | — | |
$14.91 | +60.8% | — | |
62.0% | +20.1% | — | |
53.5% | +16.8% | — | |
$590.28M | +8322.9% | — | |
0.55 | +14.0% | — | |
Beta 5Y (Monthly) | unknown | — |
IDCC Dividend History
61 dividends
2026
$0.700001/14/26$0.7000
2025
$2.350010/08/25$0.7000
07/09/25$0.6000
04/09/25$0.6000
01/08/25$0.4500
2024
$1.650010/09/24$0.4500
07/10/24$0.4000
04/09/24$0.4000
01/09/24$0.4000
2023
$1.450010/10/23$0.4000
07/11/23$0.3500
04/11/23$0.3500
01/10/23$0.3500
2022
$1.400010/11/22$0.3500
07/12/22$0.3500
04/12/22$0.3500
01/11/22$0.3500
2021
$1.400010/12/21$0.3500
07/13/21$0.3500
04/13/21$0.3500
01/12/21$0.3500
2020
$1.400010/13/20$0.3500
07/07/20$0.3500
04/07/20$0.3500
01/07/20$0.3500
2019
$1.400010/08/19$0.3500
07/09/19$0.3500
04/09/19$0.3500
01/08/19$0.3500
2018
$1.400010/09/18$0.3500
07/10/18$0.3500
04/20/18$0.3500
01/09/18$0.3500
2017
$1.250010/10/17$0.3500
07/10/17$0.3000
04/10/17$0.3000
01/09/17$0.3000
2016
$0.900010/07/16$0.3000
07/11/16$0.2000
04/11/16$0.2000
01/11/16$0.2000
2015
$0.800010/09/15$0.2000
07/06/15$0.2000
04/13/15$0.2000
01/12/15$0.2000
2014
$0.600010/06/14$0.2000
07/07/14$0.2000
04/07/14$0.1000
01/06/14$0.1000
2013
$0.300010/07/13$0.1000
07/08/13$0.1000
04/08/13$0.1000
2012
$1.900012/13/12$1.6000
10/05/12$0.1000
07/09/12$0.1000
04/09/12$0.1000
2011
$0.500012/30/11$0.1000
10/03/11$0.1000
07/01/11$0.1000
04/04/11$0.1000
01/10/11$0.1000
IDCC Stock Splits
No stock splits
IDCC SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
10/30/25 | 09/30/25 | 10-Q | |
07/31/25 | 06/30/25 | 10-Q | |
05/01/25 | 03/31/25 | 10-Q | |
02/06/25 | 12/31/24 | Unknown | |
10/31/24 | 09/30/24 | 10-Q | |
08/01/24 | 06/30/24 | 10-Q | |
05/02/24 | 03/31/24 | 10-Q | |
02/15/24 | 12/31/23 | 10-K | |
11/02/23 | 09/30/23 | 10-Q | |
08/03/23 | 06/30/23 | 10-Q | |
05/04/23 | 03/31/23 | 10-Q | |
02/15/23 | 12/31/22 | 10-K | |
11/03/22 | 09/30/22 | 10-Q | |
08/04/22 | 06/30/22 | 10-Q | |
05/05/22 | 03/31/22 | 10-Q | |
02/17/22 | 12/31/21 | 10-K | |
11/04/21 | 09/30/21 | 10-Q | |
08/05/21 | 06/30/21 | 10-Q | |
05/06/21 | 03/31/21 | 10-Q | |
02/18/21 | 12/31/20 | 10-K | |
11/05/20 | 09/30/20 | 10-Q | |
08/06/20 | 06/30/20 | 10-Q | |
05/07/20 | 03/31/20 | 10-Q | |
02/20/20 | 12/31/19 | 10-K | |
10/31/19 | 09/30/19 | 10-Q | |
08/01/19 | 06/30/19 | 10-Q | |
05/02/19 | 03/31/19 | 10-Q | |
02/21/19 | 12/31/18 | 10-K | |
11/01/18 | 09/30/18 | 10-Q | |
08/02/18 | 06/30/18 | 10-Q | |
04/26/18 | 03/31/18 | 10-Q | |
02/22/18 | 12/31/17 | 10-K | |
10/26/17 | 09/30/17 | 10-Q | |
07/27/17 | 06/30/17 | 10-Q | |
04/27/17 | 03/31/17 | 10-Q | |
02/23/17 | 12/31/16 | 10-K | |
10/27/16 | 09/30/16 | 10-Q | |
08/02/16 | 06/30/16 | 10-Q | |
04/28/16 | 03/31/16 | 10-Q | |
02/18/16 | 12/31/15 | 10-K | |
10/30/15 | 09/30/15 | 10-Q | |
07/30/15 | 06/30/15 | 10-Q | |
04/29/15 | 03/31/15 | 10-Q | |
02/19/15 | 12/31/14 | 10-K | |
10/30/14 | 09/30/14 | 10-Q | |
08/07/14 | 06/30/14 | 10-Q | |
05/01/14 | 03/31/14 | 10-Q | |
02/24/14 | 12/31/13 | 10-K | |
10/31/13 | 09/30/13 | 10-Q | |
07/26/13 | 06/30/13 | 10-Q | |
04/25/13 | 03/31/13 | 10-Q | |
02/26/13 | 12/31/12 | 10-K | |
10/25/12 | 09/30/12 | 10-Q | |
07/27/12 | 06/30/12 | 10-Q | |
04/26/12 | 03/31/12 | 10-Q | |
02/27/12 | 12/31/11 | 10-K | |
10/28/11 | 09/30/11 | 10-Q | |
07/29/11 | 06/30/11 | 10-Q | |
04/28/11 | 03/31/11 | 10-Q | |
02/28/11 | 12/31/10 | 10-K | |
10/29/10 | 09/30/10 | 10-Q | |
07/30/10 | 06/30/10 | 10-Q | |
04/29/10 | 03/31/10 | 10-Q | |
02/26/10 | 12/31/09 | 10-K | |
11/02/09 | 09/30/09 | 10-Q | |
07/30/09 | 06/30/09 | 10-Q | |
05/08/09 | 03/31/09 | 10-Q | |
03/02/09 | 12/31/08 | 10-K | |
11/04/08 | 09/30/08 | 10-Q | |
08/08/08 | 06/30/08 | 10-Q | |
05/12/08 | 03/30/08 | Unknown | -- |
02/29/08 | 12/31/07 | 10-K | |
11/06/07 | 09/30/07 | 10-Q | |
08/09/07 | 06/30/07 | 10-Q | |
03/31/07 | 03/30/07 | Unknown | -- |
12/31/06 | 12/31/06 | Unknown | -- |
09/30/06 | 09/30/06 | Unknown | -- |
06/30/06 | 06/30/06 | Unknown | -- |
03/31/06 | 03/30/06 | Unknown | -- |
12/31/05 | 12/31/05 | Unknown | -- |
09/30/05 | 09/30/05 | Unknown | -- |
06/30/05 | 06/30/05 | Unknown | -- |
03/31/05 | 03/30/05 | Unknown | -- |
12/31/04 | 12/31/04 | Unknown | -- |
09/30/04 | 09/30/04 | Unknown | -- |
06/30/04 | 06/30/04 | Unknown | -- |
03/31/04 | 03/30/04 | Unknown | -- |
12/31/03 | 12/31/03 | Unknown | -- |
09/30/03 | 09/30/03 | Unknown | -- |
06/30/03 | 06/30/03 | Unknown | -- |
03/31/03 | 03/30/03 | Unknown | -- |
12/31/02 | 12/31/02 | Unknown | -- |
09/30/02 | 09/30/02 | Unknown | -- |
06/30/02 | 06/30/02 | Unknown | -- |
03/31/02 | 03/30/02 | Unknown | -- |
12/31/01 | 12/31/01 | Unknown | -- |
09/30/01 | 09/30/01 | Unknown | -- |
06/30/01 | 06/30/01 | Unknown | -- |
03/31/01 | 03/30/01 | Unknown | -- |
12/31/00 | 12/31/00 | Unknown | -- |
09/30/00 | 09/30/00 | Unknown | -- |
06/30/00 | 06/30/00 | Unknown | -- |
03/31/00 | 03/30/00 | Unknown | -- |