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ADEA

Adeia Inc.

ADEA

Adeia Inc. • NASDAQ
$12.37 ▲ 0.49% (+0.06)
Market Cap $1.35 B
52w High $18.25
52w Low $10.59
Dividend Yield 0.20%
P/E 19.03
Volume 257.13K
Outstanding Shares 109.49M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $87.339M ▲ $40.481M ▼ $8.828M ▼ 10.108% ▼ $0.081 ▼ $43.139M ▲
Q2-2025 $85.735M ▼ $47.498M ▲ $16.722M ▲ 19.504% ▲ $0.15 ▲ $32.497M ▼
Q1-2025 $87.67M ▼ $44.39M ▲ $11.814M ▼ 13.476% ▼ $0.11 ▼ $39.138M ▼
Q4-2024 $119.168M ▲ $42.578M ▲ $36.028M ▲ 30.233% ▲ $0.33 ▲ $73.249M ▲
Q3-2024 $86.101M $41.202M $19.314M 22.432% $0.18 $43.678M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $115.074M ▼ $1.069B ▼ $654.946M ▼ $413.722M ▲
Q2-2025 $116.479M ▼ $1.083B ▼ $679.977M ▼ $402.916M ▲
Q1-2025 $116.504M ▲ $1.087B ▼ $697.587M ▼ $389.47M ▼
Q4-2024 $110.392M ▲ $1.098B ▲ $701.39M ▼ $396.571M ▲
Q3-2024 $89.184M $1.083B $704.95M $378.215M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $8.828M ▼ $17.832M ▼ $-28.217M ▼ $-17.772M ▲ $-28.157M ▼ $17.036M ▼
Q2-2025 $16.722M ▲ $23.117M ▼ $13K ▲ $-23.067M ▲ $63K ▼ $22.925M ▼
Q1-2025 $11.814M ▼ $57.139M ▼ $-6.172M ▲ $-45.608M ▲ $5.359M ▼ $56.911M ▼
Q4-2024 $36.028M ▲ $107.46M ▲ $-15.628M ▼ $-73.705M ▼ $18.127M ▲ $94.913M ▲
Q3-2024 $19.314M $14.311M $-153K $-19.914M $-5.756M $14.251M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Media Platform
Media Platform
 $190.00M ▲$80.00M ▼$80.00M ▲$80.00M ▲
Semiconductor
Semiconductor
 $10.00M ▲$0 ▼$0 ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Adeia’s revenue has been relatively steady in recent years but is well below the temporary spike it saw a few years ago. Even so, the business model is very high margin, since it mainly licenses intellectual property rather than manufacturing products. Operating profits have held up reasonably well, showing good cost control. The main red flag is the jump to a sizable loss a couple of years ago, then a return to modest profitability more recently. That pattern suggests one‑off charges or uneven licensing activity can make reported earnings quite volatile from year to year, even if the underlying business remains cash‑generating.

Balance Sheet

Balance Sheet The balance sheet has shrunk considerably compared with earlier years, likely reflecting divestitures, restructurings, or large returns of capital. Debt is still meaningful and clearly larger than the company’s cash balance, so leverage is a point to watch. On the positive side, total debt has been coming down, and shareholder equity is slowly rebuilding after a sharp drop a few years ago. Overall, Adeia looks financially stable but not excess‑cash rich, with a balance sheet that leaves less room for big mistakes than in the past.

Cash Flow

Cash Flow Cash generation is a relative strength. Adeia has consistently produced positive cash from operations and positive free cash flow each year, even in the year it reported an accounting loss. Capital spending needs are very low, which fits a licensing model and helps convert a good share of revenue into cash. The trend, however, shows that cash flow is lower than it was at its prior peak, mirroring the moderation in revenue. The key risk is reliance on renewing and signing licensing deals to keep that cash flow stable or growing.

Competitive Edge

Competitive Edge Adeia’s edge comes from a large, specialized patent portfolio that is deeply woven into digital media and advanced semiconductor design. Its technology underpins everyday entertainment features like search, recommendation, and streaming interfaces, while its hybrid bonding solutions support next‑generation chips used in high‑performance computing and AI. This creates high switching costs for customers and supports long‑term, high‑margin licensing agreements. The flip side is that the company is heavily dependent on the strength and enforceability of its patents, on a relatively concentrated group of large customers, and on how quickly markets like streaming and advanced semiconductors adopt or renew its technologies.

Innovation and R&D

Innovation and R&D Innovation is central to Adeia’s story. Most of its patents come from in‑house R&D, and it is pushing hard in areas that align with long‑term tech trends: better content discovery and streaming experiences, advanced hybrid bonding for denser and more efficient chips, and new applications like automotive communication through smart headlights. It is also testing adjacent markets such as e‑commerce search and recommendation. The opportunity is that these platforms—streaming, AI chips, connected cars, online retail—are all large and growing. The risk is execution: Adeia must keep its portfolio relevant, secure adoption by major industry players, and refresh patents fast enough to offset expirations and competitive workarounds.

Summary

Adeia is a high‑margin, patent‑driven licensing business with steady, cash‑generative operations but uneven reported earnings. The company has deliberately transformed over the past few years, ending up smaller in asset size yet more focused on its core intellectual property franchises. Its balance sheet is sound but carries noticeable leverage and a relatively thin cash cushion, which heightens the importance of reliable licensing income. Competitively, Adeia’s extensive and embedded patent portfolio creates a strong moat, though it also concentrates risk in legal, regulatory, and customer‑relationship outcomes. Long‑term prospects lean on the company’s ability to keep winning and renewing deals in streaming, advanced semiconductors, automotive technology, and adjacent digital markets, while managing the inherent volatility and legal complexity of an IP‑licensing model.

NEWS

November 3, 2025 · 8:06 AM UTC

Adeia Announces Third Quarter 2025 Financial Results

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November 3, 2025 · 8:05 AM UTC

Adeia Initiates Patent Infringement Litigation Against AMD

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October 29, 2025 · 4:35 PM UTC

Videotron Found to Infringe Adeia's Media Patents

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October 13, 2025 · 4:05 PM UTC

Adeia to Release Third Quarter 2025 Financial Results on November 3, 2025

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September 30, 2025 · 4:05 PM UTC

Adeia Enters into Long-Term IP License Agreement with Altice USA

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