Adeia Inc. (ADEA) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.31	$0.34	+9.7%	—	$96.1M	—
Q1 26	$0.33	$0.38	+15.2%	—	$104.8M	—
Q4 25	$0.75	$0.86	+14.7%	—	$182.6M	—
Q3 25	$0.34	$0.28	-17.6%	—	$87.3M	—
Q2 25	$0.24	$0.25	+4.2%	—	$85.7M	—
Q1 25	$0.25	$0.26	+4.0%	—	$87.7M	—
Q4 24	$0.43	$0.47	+9.3%	—	$119.2M	—
Q3 24	$0.4	$0.27	-32.5%	—	$86.1M	—
Q2 24	$0.23	$0.28	+21.7%	—	$87.3M	—
Q1 24	$0.21	$0.25	+19.0%	—	$83.4M	—
Q4 23	$0.25	$0.27	+8.0%	—	$86.9M	—
Q3 23	$0.26	$0.38	+46.2%	—	$101.4M	—
Q2 23	$0.25	$0.26	+4.0%	—	$83.2M	—
Q1 23	$0.33	$0.48	+45.5%	—	$117.3M	—
Q4 22	$0.3	$0.41	+36.7%	—	-$263.4M	—
Q3 22	$0.32	$0.31	-3.1%	—	$89.3M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.02	—	—	$443.4M	—
FY24	—	$0.59	—	—	$376M	—
FY23	—	$0.63	—	—	$388.8M	—
FY22	—	-$2.84	—	—	$438.9M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$259.6M	$373.7M	$406.1M	$280.1M	$515.9M	$391.2M	$438.9M	$388.8M	$376M	$443.4M
YoY change	-5.03%	+44%	+8.67%	-31%	+84.2%	-24.2%	+12.2%	-11.4%	-3.28%	+17.9%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	259.6M	373.7M	406.1M	280.1M	515.9M	391.2M	438.9M	388.8M	376M	443.4M
Cost of revenue	551K	6.3M	13.3M	8.5M	78.4M	126.8M	—	—	—	—
Gross profit	259M	367.4M	392.8M	271.6M	813.7M	750.9M	—	—	—	—
Gross margin	99.8%	98.3%	96.7%	97%	157.7%	192%	—	—	—	—
Research & development	44.7M	105.8M	104.9M	110.8M	35.1M	39.6M	44.6M	54.3M	59.6M	67.5M
Selling, general & administrative	72.1M	144.6M	122.8M	117.7M	136.8M	129.2M	135.6M	95.2M	103.4M	119.5M
Operating expenses	116.8M	250.5M	227.6M	228.5M	171.9M	168.8M	180.2M	149.5M	163M	187.1M
Operating income	110.3M	5M	50.1M	-63.6M	285.4M	124.3M	161.6M	145.6M	142.3M	199.7M
Operating margin	42.5%	1.34%	12.3%	-22.7%	55.3%	31.8%	36.8%	37.4%	37.8%	45%
Non-operating income, net	-17.2M	-35M	-26.3M	3.9M	-23.1M	-12.5M	-6.5M	-3M	-8.5M	-18.4M
Pretax income	90.7M	-58.3M	6.9M	-83.1M	224.5M	72.8M	109.8M	80M	81.2M	140.9M
Income tax	34.6M	-1.8M	8.7M	-19M	-15.3M	4.8M	-28.6M	12.6M	16.6M	29.8M
Net income	56.1M	-56.6M	-1.8M	-64M	143.8M	-58.9M	-298.6M	67.4M	64.6M	111.1M
Net margin	21.6%	-15.1%	-0.43%	-22.9%	27.9%	-15.1%	-68%	17.3%	17.2%	25.1%
EBITDA	148.2M	125.6M	176M	52.1M	463.4M	352.3M	324.1M	247.2M	220.6M	264.6M
EPS	1.14	-1.15	-0.01	-1.27	1.77	-0.53	-2.84	0.63	0.59	1.02
Diluted EPS	1.12	-1.15	-0.01	-1.27	1.75	-0.53	-2.84	0.6	0.57	0.99

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	101.4M	86.9M	83.4M	87.3M	86.1M	119.2M	87.7M	85.7M	87.3M	182.6M	104.8M	96.1M
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	13.8M	14.4M	13.9M	14.8M	14.8M	16M	16.5M	15.9M	16M	19.2M	18.2M	18.3M
Selling, general & administrative	21.9M	24M	24M	24.6M	26.9M	27.9M	28.4M	32.1M	24.9M	34.1M	29.8M	31M
Operating expenses	35.7M	38.4M	38M	39.4M	41.7M	43.9M	44.9M	48M	41M	53.2M	48M	49.3M
Operating income	42.3M	25.4M	22.3M	27.9M	30.8M	61.3M	28.7M	23.6M	32.2M	115.2M	40.8M	30.7M
Operating margin	41.7%	29.3%	26.7%	31.9%	35.7%	51.4%	32.7%	27.5%	36.9%	63.1%	38.9%	31.9%
Non-operating income, net	-719K	-575K	-1.5M	-3.3M	-1.2M	-2.5M	-4.1M	-5.7M	-3.7M	-4.8M	-4.3M	-3.7M
Pretax income	25.9M	9.4M	6.6M	11.3M	16.8M	46.5M	13.9M	7.6M	18.4M	101M	28M	19M
Income tax	1.7M	-3.3M	5.7M	2.9M	-2.5M	10.5M	2.1M	-9.1M	9.6M	27.3M	5.2M	1.6M
Net income	24.2M	12.7M	899K	8.4M	19.3M	36M	11.8M	16.7M	8.8M	73.7M	22.8M	17.4M
Net margin	23.9%	14.6%	1.08%	9.6%	22.4%	30.2%	13.5%	19.5%	10.1%	40.4%	21.7%	18.1%
EBITDA	67.6M	50.4M	47.4M	49.9M	46.3M	77.1M	45M	39.7M	48.3M	131.6M	58.9M	48.9M
EPS	0.23	0.12	0.01	0.08	0.18	0.33	0.11	0.15	0.08	0.68	0.21	0.16
Diluted EPS	0.21	0.11	0.01	0.07	0.17	0.32	0.1	0.15	0.08	0.65	0.2	0.15

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	944M	521.8M	389.9M	394.6M	—	—	989.1M	1.3B	1.5B	1.9B	2.7B
Enterprise value	1.4B	900.8M	717.7M	627.1M	—	—	1.6B	1.8B	1.9B	2.2B	3B
Shares outstanding	49.2M	49.3M	48.8M	49.1M	82.8M	104.7M	104.3M	106.6M	108.6M	108.8M	108.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	16.8	—	—	—	—	—	—	19.6	23.5	16.9	23.3
P/S	3.64	1.4	0.96	1.41	—	—	2.25	3.4	4.04	4.23	5.84
P/B	1.86	1.2	0.63	0.72	—	—	3.28	3.7	3.83	3.91	5.76
EV/EBITDA	9.54	7.17	4.08	12	—	—	4.97	7.41	8.58	8.2	10.7
EV/Sales	5.45	2.41	1.77	2.24	—	—	3.67	4.71	5.04	4.89	6.38
Earnings yield	5.94%	—	—	—	—	—	—	5.1%	4.25%	5.92%	4.29%
FCF yield	14.9%	27.6%	32.8%	39.5%	—	—	17.2%	11.1%	12.5%	7.95%	7.1%
PEG	—	—	—	—	—	—	—	—	—	—	3.49

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	99.8%	98.3%	96.7%	97%	157.7%	192%	—	—	—	—	—
Operating margin	42.5%	1.34%	12.3%	-22.7%	55.3%	31.8%	36.8%	37.4%	37.8%	45%	31.9%
Net margin	21.6%	-15.1%	-0.43%	-22.9%	27.9%	-15.1%	-68%	17.3%	17.2%	25.1%	26.1%
ROE	11%	-13%	-0.29%	-11.7%	9.91%	-4.4%	-99.1%	18.9%	16.3%	23.1%	27.9%
ROA	4.73%	-5.1%	-0.14%	-6.11%	5.32%	-2.39%	-24.7%	6.09%	5.89%	10.7%	13.1%
ROIC	6.98%	0.61%	0%	-8.18%	13.5%	5.88%	17.5%	14.1%	14.7%	20.4%	22%
Return on tangible assets	-8.46%	10.8%	0.92%	34%	-14.4%	-7.89%	106%	-31.2%	-49.1%	-57%	-64.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	3.92	2.54	7.34	5.84	2.43	2.74	1.55	2.02	3.53	3.81	3.25
Quick ratio	3.92	2.54	7.34	5.84	2.39	2.71	1.55	2.02	3.53	3.81	3.25
Debt / equity	1.15	1.33	0.78	0.65	0.64	0.58	2.44	1.67	1.22	0.89	0.83
Debt / assets	0.49	0.52	0.39	0.34	0.34	0.31	0.61	0.54	0.44	0.41	0.39
Net debt / EBITDA	3.17	3.02	1.86	4.46	1.44	1.79	1.92	2.07	1.7	1.1	0.9
Interest coverage	38.7	-1.06	1.27	-2.55	6.93	2.87	3.42	2.28	2.55	4.49	5.61
Effective tax rate	38.2%	0%	100%	0%	0%	6.63%	0%	15.8%	20.4%	21.2%	26.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.28	7.59	8.32	5.7	6.23	3.74	4.21	3.65	3.46	4.07	4.3
EPS (basic)	1.14	-1.15	-0.01	-1.27	1.77	-0.53	-2.84	0.63	0.59	1.02	1.02
EPS (diluted)	1.12	-1.15	-0.01	-1.27	1.75	-0.53	-2.84	0.6	0.57	0.99	1.07
Book value per share	10.3	8.84	12.7	11.1	17.5	12.8	2.89	3.35	3.65	4.41	4.33
FCF per share	2.86	2.92	2.62	3.17	4.46	2.11	1.63	1.37	1.75	1.37	1.5
Cash per share	2.3	4.07	3.16	2.47	3.1	1.35	1.1	0.78	1.02	1.26	1.24
Capex per share	0.08	0.06	0.07	0.18	0.09	0.13	0.12	0.04	0.02	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.46%	0.83%	0.82%	3.13%	1.43%	3.56%	2.85%	0.98%	0.48%	—	—
Capex / operating cash flow	2.52%	2.41%	2.32%	4.92%	1.86%	5.47%	-7.46%	2.28%	0.87%	—	—
Payout ratio	69.8%	-69.9%	-2.2K%	-61.7%	21.4%	-35.6%	-68.3%	31.7%	33.7%	19.6%	18.4%
Dividend yield	4.15%	7.57%	10.1%	10%	—	—	20.6%	1.62%	1.43%	1.16%	0.8%

Yield

0.8%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.05

ex-dividend Aug 24, 2026

Payout ratio

18%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 24, 2026	$0.05
May 26, 2026	$0.05
Mar 16, 2026	$0.05
Nov 24, 2025	$0.05
Aug 26, 2025

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$101.4M	$86.9M	$83.4M	$87.3M	$86.1M	$119.2M	$87.7M	$85.7M	$87.3M	$182.6M	$104.8M	$96.1M
YoY change	+13.6%	+133%	-28.9%	+4.97%	-15.1%	+37.2%	+5.11%	-1.85%	+1.44%	+53.3%	+19.5%	+12.1%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	113M	200.7M	154.4M	121.5M	257.1M	141M	114.6M	83.6M	110.4M	136.7M
Receivables	15.9M	17M	30.3M	24.2M	116M	64.2M	58.5M	39.7M	34.1M	28.6M
Inventory	—	—	—	100K	9.8M	5.1M	—	—	—	—
Total current assets	199.9M	245.5M	397.5M	281.2M	546.3M	519.5M	258.7M	205.8M	258.4M	304M
Property, plant & equipment	20.7M	16.2M	12.8M	32.4M	125.1M	17.3M	15.6M	16.5M	15.6M	14.3M
Goodwill & intangibles	1.8B	1.6B	1.4B	1.2B	3.7B	1.7B	1.5B	1.3B	1.2B	1.2B
Total assets	1.2B	1.1B	1.2B	1B	2.7B	2.5B	1.2B	1.1B	1.1B	1B
Accounts payable	7.5M	4.2M	2.8M	4.7M	13M	448K	8.5M	9.6M	8M	4.8M
Short-term debt	6M	34.5M	—	5.8M	61.6M	37.8M	111.9M	66.6M	21.5M	21.5M
Total current liabilities	51M	96.8M	54.1M	48.1M	224.7M	189.7M	166.7M	102M	73.1M	79.8M
Long-term debt	577.2M	545.2M	482.2M	348.1M	861.9M	735M	624.4M	529.3M	463.9M	406.2M
Total liabilities	678.7M	674.4M	617M	502.8M	1.3B	1.1B	909.1M	748.9M	701.4M	558.8M
Shareholders' equity	507.8M	435.6M	618.1M	545.1M	1.5B	1.3B	301.4M	356.6M	396.6M	480.5M
Total debt	583.2M	579.7M	482.2M	353.9M	923.5M	772.9M	736.3M	595.9M	485.4M	427.7M
Net debt	517.6M	441.4M	368.6M	279.4M	753.3M	692.4M	621.7M	541.4M	406.6M	354.6M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	115.1M	136.7M	115.8M	137.1M
Receivables	44.2M	39.7M	26.8M	25.7M	43.9M	34.1M	28.5M	28.6M	30.1M	28.6M	32.6M	14.3M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	280.6M	304M	281.3M	295.1M
Property, plant & equipment	—	0	—	—	0	0	0	0	14.6M	14.3M	14M	13.8M
Goodwill & intangibles	—	—	—	—	—	—	—	—	1.2B	1.2B	1.2B	1.2B
Total assets	—	—	—	—	—	—	—	—	1.1B	1B	1B	1B
Accounts payable	—	—	—	—	—	—	—	—	3.1M	4.8M	5.8M	4.3M
Short-term debt	—	—	—	—	—	—	—	—	21.5M	21.5M	21.6M	21.6M
Total current liabilities	—	—	—	—	—	—	—	—	75.3M	79.8M	81.7M	90.9M
Long-term debt	—	—	—	—	—	—	—	—	426.6M	406.2M	378.8M	373.7M
Total liabilities	—	—	—	—	—	—	—	—	654.9M	558.8M	535.8M	536.3M
Shareholders' equity	—	—	—	—	—	—	—	—	413.7M	480.5M	466.6M	477.2M
Total debt	—	—	—	—	—	—	—	—	448.1M	427.7M	400.4M	395.3M
Net debt	—	—	—	—	—	—	—	—	392.1M	354.6M	347M	322.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	56.1M	-56.6M	-1.8M	-64M	143.8M	-58.9M	-298.6M	67.4M	64.6M	111.1M
Depreciation & amortization	34.1M	119.1M	115.1M	106.7M	174.7M	227.2M	160.4M	95.3M	72.8M	58.6M
Stock-based compensation	21.1M	33.5M	31M	31.6M	39.1M	58.2M	52.6M	18.1M	26.6M	34.7M
Change in working capital	27.3M	46.6M	9.9M	139.7M	55.1M	32.5M	-46.6M	-28.8M	49.5M	-82M
Operating cash flow	150.5M	128.1M	144M	177.9M	397.6M	254.7M	-167.4M	167.4M	208.3M	158.1M
Capital expenditure	-3.8M	-3.1M	-3.3M	-8.8M	-7.4M	-13.9M	-12.5M	-3.8M	-1.8M	—
Investing cash flow	-582.8M	-18.7M	15.5M	-14.6M	68.8M	-6M	-2.6M	-32M	-3.5M	-31.5M
Dividends paid	-39.2M	-39.5M	-39.2M	-39.5M	-30.8M	-21M	-203.8M	-21.3M	-21.8M	-21.8M
Share repurchases	-70.6M	-19.3M	-44.8M	-4.5M	-80.6M	-100.8M	-33.2M	-11.3M	-31.5M	-43.8M
Financing cash flow	481.5M	-64.8M	-184.4M	-195.2M	-356M	-210.1M	-277.5M	-180.6M	-167.4M	-125.9M
Net change in cash	49.2M	44.6M	-24.8M	-31.9M	110.4M	38.6M	-447.5M	-45.2M	37.4M	663K
Free cash flow	140.5M	143.8M	127.7M	155.9M	369.3M	220.7M	170.2M	146.4M	190.2M	149.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	24.2M	12.7M	899K	8.4M	19.3M	36M	11.8M	16.7M	8.8M	73.7M	22.8M	17.4M
Depreciation & amortization	23.8M	23.4M	23.7M	20.5M	14.1M	14.5M	14.6M	14.7M	14.7M	14.7M	16.4M	16.6M
Stock-based compensation	4.9M	5M	5.1M	6.6M	7.4M	7.5M	8.2M	8.7M	8.7M	9M	8.8M	10.5M
Change in working capital	-32.7M	-13.6M	44.2M	-14.2M	-29.7M	49.2M	33.9M	-26.5M	-19.1M	-70.4M	24.8M	9.3M
Operating cash flow	19.3M	39.5M	71.4M	20.6M	13.6M	102.7M	65.2M	23.1M	17.8M	60M	58.5M	54.6M
Capital expenditure	-391K	-1.9M	-793K	-421K	-60K	-547K	-228K	—	—	—	—	—
Investing cash flow	-6.4M	-223K	-2.5M	2.7M	-153K	-3.6M	-822K	205K	-26.7M	-4.4M	1M	-1.9M
Dividends paid	-5.3M	-5.4M	-5.4M	-5.4M	-5.5M	-5.5M	-5.4M	-5.4M	-5.5M	-5.4M	-5.5M	-5.5M
Share repurchases	-3M	-770K	-7.7M	-1.4M	-2.5M	-19.9M	-23.3M	-7.7M	-1.2M	-11.5M	-39.8M	-13.1M
Financing cash flow	-23.5M	-35.3M	-53.3M	-18.8M	-19.9M	-75.4M	-45.8M	-24.3M	-17.8M	-38.1M	-73.4M	-24.7M
Net change in cash	-10.6M	4.1M	15.6M	4.5M	-6.4M	23.7M	18.6M	-951K	-26.6M	17.5M	-13.9M	28.1M
Free cash flow	20.9M	35.1M	58M	23M	14.3M	94.9M	51.6M	22.9M	16.3M	58.6M	52.6M	44.6M

Adeia Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history