ADEA (Adeia Inc.) Stock Financials & Earnings | Market Cap Arena

ADEA (Adeia Inc.) Stock Financials & Earnings | Market Cap Arena

ADEAAdeia Inc.

Mkt Cap$3B

Technology·Software - Application·🇺🇸 United States·NASDAQ

Revenue (TTM)$443M

Net Income (TTM)$111M

EPS (TTM)$0.98

Free Cash Flow (TTM)$156M

Gross Margin86.9%

Op. Margin45.4%

Net Margin25.1%

FCF Margin35.2%

P/S Ratio (TTM)5.7x

P/E Ratio (TTM)22.6x

YoY Rev Growth+17.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$117M	$93M	$59M
Q2 23	$83M	$59M	$20M
Q3 23	$101M	$78M	$42M
Q4 23	$87M	$63M	$25M
Q1 24	$83M	$60M	$22M
Q2 24	$87M	$67M	$28M
Q3 24	$86M	$72M	$31M
Q4 24	$119M	$105M	$62M
Q1 25	$88M	$73M	$29M
Q2 25	$86M	$71M	$24M
Q3 25	$87M	$73M	$32M
Q4 25	$183M	$168M	$117M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	6.0x	—
Q2 23	6.4x	—
Q3 23	6.2x	19.5x
Q4 23	6.4x	37.2x
Q1 24	7.1x	63.9x
Q2 24	7.0x	54.2x
Q3 24	7.3x	60.7x
Q4 24	6.7x	38.8x
Q1 25	6.6x	33.2x
Q2 25	6.6x	29.9x
Q3 25	6.6x	34.1x
Q4 25	5.7x	22.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$63M	$63M
Q2 23	$29M	$27M
Q3 23	$21M	$21M
Q4 23	$39M	$35M
Q1 24	$67M	$58M
Q2 24	$23M	$23M
Q3 24	$14M	$14M
Q4 24	$107M	$95M
Q1 25	$57M	$57M
Q2 25	$23M	$23M
Q3 25	$18M	$17M
Q4 25	$60M	$59M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$390K
Q2 23	$1M
Q3 23	$391K
Q4 23	$4M
Q1 24	$9M
Q2 24	$421K
Q3 24	$60K
Q4 24	$13M
Q1 25	$228K
Q2 25	$192K
Q3 25	$796K
Q4 25	$590K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-15.3%	-13.9%
Q2 23	-22.8%	-10.1%
Q3 23	+13.6%	-16.2%
Q4 23	-15.9%	-10.4%
Q1 24	-28.9%	+4.4%
Q2 24	+5.0%	-5.9%
Q3 24	-15.1%	-6.3%
Q4 24	+37.2%	-7.2%
Q1 25	+5.1%	-3.5%
Q2 25	-1.8%	+4.6%
Q3 25	+1.4%	-0.3%
Q4 25	+53.3%	+15.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$4M	3.1%
Q2 23	$5M	5.5%
Q3 23	$5M	4.8%
Q4 23	$5M	5.7%
Q1 24	$5M	6.2%
Q2 24	$7M	7.5%
Q3 24	$7M	8.6%
Q4 24	$7M	6.3%
Q1 25	$8M	9.4%
Q2 25	$9M	10.1%
Q3 25	$9M	9.9%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 23	$13M	$21M
Q2 23	$13M	$26M
Q3 23	$14M	$22M
Q4 23	$14M	$24M
Q1 24	$14M	$24M
Q2 24	$15M	$24M
Q3 24	$15M	$26M
Q4 24	$16M	$27M
Q1 25	$16M	$28M
Q2 25	$16M	$32M
Q3 25	$16M	$24M
Q4 25	$19M	$33M

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	-15.3%	68.9%	53.6
Q2 23	-22.8%	52.1%	29.3
Q3 23	13.6%	64.5%	78.0
Q4 23	-15.9%	55.6%	39.7
Q1 24	-28.9%	53.3%	24.4
Q2 24	5.0%	51.7%	56.6
Q3 24	-15.1%	50.7%	35.6
Q4 24	37.2%	61.5%	98.7
Q1 25	5.1%	44.6%	49.8
Q2 25	-1.8%	37.9%	36.1
Q3 25	1.4%	49.4%	50.8
Q4 25	53.3%	68.5%	121.8

Revenue Segments

Quarter	Media Platform	Semiconductor
Q3 23	$96M	$6M
Q1 24	$80M	$3M
Q2 24	$84M	$4M
Q3 24	$82M	$4M
Q1 25	$84M	$4M
Q2 25	$81M	$5M
Q3 25	$80M	$8M
Q4 25	$173M	$10M

Revenue by Geography

Quarter	Asia	Europe And Middle East	Other Asia	U.S. And Canada	Canada	United States
Q1 23	$29M	$2M	$414K	$86M	—	—
Q2 23	$7M	$2M	$436K	$73M	—	—
Q3 23	$21M	$2M	$450K	$78M	—	—
Q1 24	$10M	$2M	$451K	—	$3M	$68M
Q2 24	$10M	$2M	$455K	—	$3M	$72M
Q3 24	$12M	$2M	$468K	—	$3M	$68M
Q4 24	$17M	$3M	$467K	—	$3M	$95M
Q1 25	$11M	$2M	$465K	—	$3M	$72M
Q2 25	$12M	$2M	$464K	—	$3M	$68M
Q3 25	$15M	$2M	$479K	—	$3M	$66M
Q4 25	$17M	$4M	$477K	—	$3M	$158M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$82M	$0	$82M
Q2 23	$60M	$24M	$84M
Q3 23	$52M	$30M	$82M
Q4 23	$55M	$29M	$84M
Q1 24	$58M	$31M	$89M
Q2 24	$66M	$28M	$94M
Q3 24	$61M	$28M	$89M
Q4 24	$79M	$32M	$110M
Q1 25	$84M	$32M	$117M
Q2 25	$84M	$32M	$116M
Q3 25	$56M	$59M	$115M
Q4 25	$73M	$64M	$137M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	113M	+7.9%
Q2 23	113M	-0.6%
Q3 23	113M	+0.1%
Q4 23	113M	-0.1%
Q1 24	113M	+0.1%
Q2 24	113M	-0.4%
Q3 24	113M	+0.5%
Q4 24	114M	+0.4%
Q1 25	113M	-0.5%
Q2 25	112M	-0.7%
Q3 25	113M	+0.6%
Q4 25	113M	+0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	—	—
FY 17	—	—
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	$4M	120
FY 23	$3M	130
FY 24	$3M	150
FY 25	$3M	150