Short answer
Adeia Inc. (ADEA) filed its fiscal 2025 10-K annual report with the SEC on Feb 26, 2026. It reported revenue of $443M (+17.9% year over year) and net income of $111M.
- Top risk flagged: Litigation expense increased 81% YoY to $24.7M in 2025 due to increased activity in current IP-related litigation
FY2025 key financial metrics · XBRL
- Revenue
- $443M
- +17.9% YoY
- Net income
- $111M
- +71.9% YoY
- Operating margin
- 39.5%
- +5.3 pp YoY
- EPS (diluted)
- $0.99
- +73.7% YoY
- ROE
- 23.1%
- +6.8 pp YoY
- Operating cash flow
- $158M
- −25.6% YoY
Source: XBRL data from the Adeia Inc. (ADEA) FY2025 10-K on SEC EDGAR. USD.
Adeia Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: IP licensing platform specializing in media and semiconductor technologies for entertainment, consumer electronics, and AI applications
- New emphasis on RapidCool direct-to-chip liquid cooling technology for high-performance semiconductors, reducing thermal resistance by 70% and supporting 3x current power densities
- Strategic focus on semiconductor co-optimization, integrating circuit, process, and system design as a response to Moore’s Law limitations
- Patent portfolio grew to approximately 13,750 assets, with 6,250 US issued patents and 4,100 foreign issued patents as of Dec 31, 2025
- Significant 2024-2025 licensing milestones: multi-year agreements signed with Amazon and Disney in OTT video market; November 2025 litigation initiated against AMD in semiconductor segment
Management Discussion & Analysis
- Revenue and profitability details not provided in the MDA excerpt
- Forward-looking statements included, highlighting risks and uncertainties without specific guidance or outlook numbers
Risk Factors
- Litigation expense increased 81% YoY to $24.7M in 2025 due to increased activity in current IP-related litigation
- Geopolitical risks include exposure to armed conflict and trade regulations impacting semiconductor demand and supply chain stability
- Supply chain constrained by ongoing microchip shortages and labor shortages impacting semiconductor royalty revenue
- Competitive risk from new technologies by major customers including Disney and Amazon, influencing licensing revenue fluctuations
- Debt principal payments $60.4M in 2025 with $426.7M outstanding, demonstrating leverage risk impacting liquidity and financing flexibility
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