NASDAQ : ADEA
Adeia Inc. — Financial statements
Technology · Software - Application · United States
Last price 21.44 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.36B
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Financial statements
Adeia Inc. (ADEA) reported revenue of 470.87M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 470.87M | 443.39M | 376.02M | 388.79M | 438.93M | 391.21M |
| Gross Profit | 470.87M | 443.39M | 376.02M | 388.79M | 438.93M | 391.21M |
| Selling, General & Admin | 119.79M | 119.53M | 103.44M | 95.23M | 135.63M | 129.21M |
| Research & Development | 71.74M | 67.52M | 59.60M | 54.26M | 44.58M | 39.61M |
| Amortization of Goodwill & Intangibles | 60.39M | 56.62M | 70.72M | 93.73M | 97.08M | 98.09M |
| Operating Expenses | 251.91M | 243.67M | 233.76M | 243.22M | 277.29M | 266.91M |
| Operating Income | 218.96M | 199.71M | 142.26M | 145.56M | 161.65M | 124.30M |
| Interest Expense | -36.08M | -40.36M | -52.54M | -62.57M | -45.34M | -38.97M |
| Other Non Operating Income (Expenses) | 6.49M | 6.28M | 5.57M | 6.32M | 2.05M | 768.00K |
| EBT Excluding Unusual Items | 189.37M | 165.63M | 95.29M | 89.31M | 118.36M | 86.09M |
| Legal Settlements | -22.99M | -24.71M | -13.65M | -9.33M | -8.59M | -5.27M |
| Other Unusual Items | -453.00K | -8.01M | ||||
| Pretax Income | 166.38M | 140.92M | 81.19M | 79.98M | 109.77M | 72.81M |
| Income Tax Expense | 43.71M | 29.85M | 16.56M | 12.60M | -28.62M | 4.83M |
| Earnings From Continuing Operations | 122.68M | 111.08M | 64.62M | 67.37M | 138.39M | 67.98M |
| Earnings From Discontinued Operations | -434.27M | -123.44M | ||||
| Net Income to Company | 122.68M | 111.08M | 64.62M | 67.37M | -295.88M | -55.46M |
| Net Income | 122.68M | 111.08M | 64.62M | 67.37M | -295.88M | -55.46M |
| Net Income to Common | 122.68M | 111.08M | 64.62M | 67.37M | -295.88M | -55.46M |
| Shares Outstanding (Basic) | 109.58M | 108.84M | 108.65M | 106.55M | 104.34M | 104.73M |
| Shares Outstanding (Diluted) | 113.60M | 112.75M | 113.06M | 112.85M | 107.58M | 107.27M |
| EPS (Basic) | 1.12 | 1.02 | 0.59 | 0.63 | -2.84 | -0.53 |
| EPS (Diluted) | 1.09 | 0.99 | 0.57 | 0.60 | -2.75 | -0.52 |
| Free Cash Flow | 188.57M | 156.28M | 210.64M | 148.94M | 170.45M | 220.84M |
| Free Cash Flow Per Share | 1.66 | 1.39 | 1.86 | 1.32 | 1.58 | 2.06 |
| Dividend Per Share | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 46.50% | 45.04% | 37.83% | 37.44% | 36.83% | 31.77% |
| Profit Margin | 26.05% | 25.05% | 17.19% | 17.33% | -67.41% | -14.18% |
| Free Cash Flow Margin | 40.05% | 35.25% | 56.02% | 38.31% | 38.83% | 56.45% |
| EBITDA | 281.28M | 258.29M | 215.04M | 240.84M | 275.87M | 351.50M |
| EBITDA Margin | 59.74% | 58.26% | 57.19% | 61.95% | 62.85% | 89.85% |
| D&A For EBITDA | 62.32M | 58.58M | 72.78M | 95.27M | 114.22M | 227.20M |
| EBIT | 218.96M | 199.71M | 142.26M | 145.56M | 161.65M | 124.30M |
| EBIT Margin | 46.50% | 45.04% | 37.83% | 37.44% | 36.83% | 31.77% |
| Effective Tax Rate | 26.27% | 21.18% | 20.40% | 15.76% | 6.63% | |
| Advertising Expenses | 7.40M | 4.00M | 10.50M | 5.50M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 72.78M | 73.14M | 78.83M | 54.56M | 114.56M | 80.43M |
| Short-Term Investments | 64.30M | 63.60M | 31.57M | 29.01M | 60.53M | |
| Cash & Short-Term Investments | 137.08M | 136.73M | 110.39M | 83.57M | 114.56M | 140.96M |
| Accounts Receivable | 147.23M | 158.46M | 138.19M | 115.19M | 132.75M | 91.33M |
| Receivables | 147.23M | 158.46M | 138.19M | 115.19M | 132.75M | 91.33M |
| Prepaid Expenses | 3.55M | 3.67M | 3.41M | 3.31M | 4.03M | 4.06M |
| Other Current Assets | 7.25M | 5.09M | 6.38M | 3.77M | 7.38M | 283.13M |
| Total Current Assets | 295.12M | 303.96M | 258.38M | 205.84M | 258.71M | 519.47M |
| Property, Plant & Equipment | 13.78M | 14.29M | 15.60M | 16.45M | 10.54M | 11.58M |
| Goodwill | 313.66M | 313.66M | 313.66M | 313.66M | 313.66M | 314.58M |
| Other Intangible Assets | 288.40M | 303.46M | 301.18M | 347.17M | 432.48M | 546.98M |
| Long-Term Accounts Receivable | 44.77M | 49.50M | 62.77M | 74.85M | 41.85M | 1.55M |
| Long-Term Deferred Tax Assets | 54.91M | 52.13M | 31.03M | 23.89M | 35.28M | 1.91M |
| Other Long-Term Assets | 2.87M | 2.31M | 115.35M | 123.69M | 118.01M | 1.07B |
| Total Assets | 1.01B | 1.04B | 1.10B | 1.11B | 1.21B | 2.47B |
| Accounts Payable | 4.34M | 4.83M | 8.04M | 9.62M | 8.55M | 448.00K |
| Accrued Expenses | 20.31M | 32.68M | 19.86M | 15.91M | 26.38M | 24.25M |
| Current Portion of Long-Term Debt | 20.99M | 20.98M | 21.02M | 66.14M | 109.81M | 36.09M |
| Current Portion of Leases | 595.00K | 556.00K | 481.00K | 503.00K | 2.11M | 1.74M |
| Current Income Taxes Payable | 217.00K | 325.00K | 325.00K | 358.00K | 736.00K | |
| Current Unearned Revenue | 43.85M | 19.73M | 19.52M | 7.13M | 17.08M | 6.97M |
| Other Current Liabilities | 800.00K | 800.00K | 3.85M | 2.40M | 2.43M | 119.50M |
| Total Current Liabilities | 90.88M | 79.78M | 73.11M | 102.04M | 166.71M | 189.75M |
| Long-Term Debt | 365.03M | 397.48M | 454.44M | 519.55M | 619.58M | 729.39M |
| Long-Term Leases | 8.65M | 8.73M | 9.48M | 9.73M | 4.79M | 5.64M |
| Long-Term Unearned Revenue | 48.60M | 49.98M | 64.56M | 17.67M | 10.68M | 13.44M |
| Long-Term Deferred Tax Liabilities | 7.08M | |||||
| Other Long-Term Liabilities | 23.15M | 22.80M | 99.81M | 99.94M | 107.34M | 184.29M |
| Total Liabilities | 536.31M | 558.76M | 701.39M | 748.93M | 909.11M | 1.13B |
| Common Stock | 132.00K | 128.00K | 125.00K | 121.00K | 117.00K | 113.00K |
| Additional Paid-In Capital | 706.69M | 685.99M | 648.91M | 635.33M | 636.27M | 1.34B |
| Retained Earnings | 121.24M | 92.14M | 2.83M | -56.33M | -123.70M | 187.81M |
| Treasury Stock | -350.68M | -297.78M | -255.30M | -222.50M | -211.22M | -178.02M |
| Comprehensive Income & Other | -198.00K | 60.00K | -1.00K | -8.00K | -51.00K | -752.00K |
| Total Common Equity | 477.19M | 480.54M | 396.57M | 356.62M | 301.41M | 1.35B |
| Minority Interest | -9.21M | |||||
| Shareholders' Equity | 477.19M | 480.54M | 396.57M | 356.62M | 301.41M | 1.34B |
| Total Liabilities & Equity | 1.01B | 1.04B | 1.10B | 1.11B | 1.21B | 2.47B |
| Total Debt | 395.26M | 427.74M | 485.42M | 595.93M | 736.29M | 772.87M |
| Net Cash (Debt) | -258.18M | -291.01M | -375.02M | -512.36M | -621.74M | -631.91M |
| Net Cash Per Share | -2.27 | -2.58 | -3.32 | -4.54 | -5.78 | -5.89 |
| Filing Date Shares Outstanding | 110.28M | 109.05M | 107.51M | 107.42M | 105.23M | 103.28M |
| Total Common Shares Outstanding | 110.26M | 109.00M | 108.07M | 107.38M | 105.17M | 103.26M |
| Working Capital | 204.23M | 224.18M | 185.27M | 103.80M | 92.00M | 329.73M |
| Book Value Per Share | 4.33 | 4.41 | 3.67 | 3.32 | 2.87 | 13.07 |
| Tangible Book Value | -124.87M | -136.57M | -218.27M | -304.21M | -444.72M | 488.07M |
| Tangible Book Value Per Share | -1.13 | -1.25 | -2.02 | -2.83 | -4.23 | 4.73 |
| Machinery | 19.79M | 18.93M | 17.38M | 17.27M | 14.15M | 16.84M |
| Leasehold Improvements | 6.48M | 6.29M | 6.29M | 5.04M | 5.06M | 5.72M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 122.68M | 111.08M | 64.62M | 67.37M | -295.88M | -55.46M |
| Depreciation & Amortization | 62.32M | 58.58M | 72.78M | 95.27M | 114.22M | 227.20M |
| Other Amortization | 3.44M | 3.35M | 3.48M | 4.30M | 4.41M | 6.43M |
| Stock-Based Compensation | 36.94M | 34.67M | 26.64M | 18.06M | 52.63M | 58.18M |
| Other Operating Activities | 35.49M | 33.22M | -8.26M | 11.14M | -42.26M | -6.15M |
| Change in Accounts Receivable | -61.13M | -59.70M | -11.80M | -16.04M | -61.78M | 30.88M |
| Change in Accounts Payable | 1.20M | -2.46M | -372.00K | -894.00K | 18.60M | -5.23M |
| Change in Unearned Revenue | -3.42M | -14.38M | 54.27M | -7.36M | -215.00K | -651.00K |
| Change in Other Net Operating Assets | -6.57M | -6.28M | 11.10M | -19.11M | -6.86M | -20.41M |
| Operating Cash Flow | 190.95M | 158.09M | 212.46M | 152.75M | 183.02M | 234.79M |
| Capital Expenditures | -2.38M | -1.81M | -1.82M | -3.81M | -12.58M | -13.95M |
| Sale of Property, Plant & Equipment | 86.00K | 19.00K | ||||
| Cash Acquisitions | -50.47M | -17.40M | ||||
| Sale (Purchase) of Intangibles | -16.59M | -6.95M | -20.48M | -2.53M | -290.00K | -186.00K |
| Investment in Securities | -31.98M | -31.50M | -1.73M | -28.14M | 60.34M | 25.31M |
| Investing Cash Flow | -50.95M | -40.26M | -24.02M | -34.49M | -2.91M | -6.21M |
| Long-Term Debt Repaid | -60.36M | -114.17M | -148.00M | -40.50M | -84.05M | |
| Net Debt Issued (Repaid) | -66.36M | -60.36M | -114.17M | -148.00M | -40.50M | -84.05M |
| Issuance of Common Stock | 2.50M | 2.40M | 3.25M | 2.35M | 14.26M | 13.84M |
| Repurchase of Common Stock | -65.66M | -43.79M | -31.49M | -11.27M | -33.20M | -100.80M |
| Common Dividends Paid | -21.95M | -21.77M | -21.77M | -21.34M | -203.82M | -20.98M |
| Other Financing Activities | -4.25M | |||||
| Financing Cash Flow | -151.47M | -123.51M | -164.17M | -178.26M | -263.26M | -196.25M |
| Foreign Exchange Rate Adjustments | -3.42M | -1.41M | ||||
| Net Cash Flow | -11.47M | -5.69M | 24.27M | -59.99M | -86.57M | 30.93M |
| Free Cash Flow | 188.57M | 156.28M | 210.64M | 148.94M | 170.45M | 220.84M |
| Free Cash Flow Margin | 40.05% | 35.25% | 56.02% | 38.31% | 38.83% | 56.45% |
| Free Cash Flow Per Share | 1.66 | 1.39 | 1.86 | 1.32 | 1.58 | 2.06 |
| Levered Free Cash Flow | 195.10M | 174.85M | 127.17M | 165.65M | 368.32M | 230.48M |
| Unlevered Free Cash Flow | 214.21M | 196.72M | 156.54M | 200.45M | 392.25M | 248.41M |
| Cash Interest Paid | 28.22M | 33.19M | 46.77M | 57.76M | 40.51M | 32.36M |
| Cash Income Tax Paid | 12.95M | 15.03M | 12.49M | 10.32M | 24.78M | 30.86M |
| Change in Working Capital | -69.92M | -82.81M | 53.20M | -43.39M | -50.25M | 4.58M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.36B | 1.89B | 1.53B | 1.33B | 995.96M | 1.98B |
| Enterprise Value | 2.62B | 2.22B | 1.97B | 1.86B | 1.56B | 2.58B |
| Last Close Price | 21.44 | 17.15 | 13.69 | 11.93 | 8.94 | 4.65 |
| PE Ratio | 19.73 | 17.01 | 23.64 | 19.71 | ||
| Forward PE | 15.28 | 9.84 | 9.21 | 10.25 | 7.28 | 11.16 |
| PS Ratio | 5.02 | 4.26 | 4.06 | 3.42 | 2.27 | 5.05 |
| PB Ratio | 4.95 | 3.93 | 3.85 | 3.72 | 3.30 | 1.48 |
| P/TBV Ratio | 4.05 | |||||
| P/FCF Ratio | 12.54 | 12.09 | 7.25 | 8.91 | 5.84 | 8.95 |
| P/OCF Ratio | 12.38 | 11.95 | 7.19 | 8.69 | 5.44 | 8.42 |
| PEG Ratio | 0.42 | 0.42 | 0.42 | 0.48 | 0.74 | |
| EV/Sales Ratio | 5.57 | 5.01 | 5.25 | 4.80 | 3.56 | 6.59 |
| EV/EBITDA Ratio | 9.32 | 8.60 | 9.17 | 7.74 | 5.67 | 7.34 |
| EV/EBIT Ratio | 11.98 | 11.13 | 13.86 | 12.81 | 9.67 | 20.75 |
| EV/FCF Ratio | 13.91 | 14.22 | 9.36 | 12.52 | 9.17 | 11.68 |
| Debt / Equity Ratio | 0.83 | 0.89 | 1.22 | 1.67 | 2.44 | 0.58 |
| Debt / EBITDA Ratio | 1.39 | 1.64 | 2.23 | 2.45 | 2.64 | 2.17 |
| Debt / FCF Ratio | 2.10 | 2.74 | 2.30 | 4.00 | 4.32 | 3.50 |
| Net Debt / Equity Ratio | 0.54 | 0.61 | 0.95 | 1.44 | 2.06 | 0.47 |
| Net Debt / EBITDA Ratio | 0.92 | 1.13 | 1.74 | 2.13 | 2.25 | 1.80 |
| Net Debt / FCF Ratio | 1.37 | 1.86 | 1.78 | 3.44 | 3.65 | 2.86 |
| Asset Turnover | 0.45 | 0.41 | 0.34 | 0.34 | 0.24 | 0.15 |
| Quick Ratio | 3.13 | 3.70 | 3.40 | 1.95 | 1.48 | 1.22 |
| Current Ratio | 3.25 | 3.81 | 3.53 | 2.02 | 1.55 | 2.74 |
| Return on Equity (ROE) | 27.88% | 25.33% | 17.16% | 20.48% | 16.86% | 4.87% |
| Return on Assets (ROA) | 13.06% | 11.68% | 8.07% | 7.86% | 5.49% | 3.00% |
| Return on Invested Capital (ROIC) | 21.72% | 20.40% | 13.80% | 13.69% | 11.16% | 5.67% |
| Return on Capital Employed (ROCE) | 23.70% | 20.80% | 13.90% | 14.50% | 15.50% | 5.50% |
| Earnings Yield | 5.07% | 5.88% | 4.23% | 5.07% | -29.71% | -2.81% |
| FCF Yield | 7.98% | 8.27% | 13.79% | 11.22% | 17.11% | 11.17% |
| Dividend Yield | 0.93% | 1.15% | 1.42% | 1.62% | 2.11% | 1.04% |
| Payout Ratio | 18.40% | 19.60% | 33.68% | 31.67% | ||
| Buyback Yield / Dilution | -0.55% | 0.28% | -0.19% | -4.90% | -0.29% | -27.92% |
| Total Shareholder Return | 0.38% | 1.43% | 1.23% | -3.28% | 1.82% | -26.87% |