Slide 1: Fourth Quarter 2025 Results
Fourth Quarter 2025 Results February 5, 2026 ©2026 InterDigital, Inc. All Rights Reserved. 1
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Exchange Act, including but not limited to statements related to our outlook for Q1 and full year 2026, and other financial and business goals. Forward-looking statem
Slide 3: Agenda
Q4 Financial & Business Highlights FY25 Financial & Business Highlights Agenda Q1 and FY26 Outlook Background on InterDigital Appendix ©2026 InterDigital, Inc. All Rights Reserved. 3
Slide 4: Q4'25 Financial & Business Highlights
Q4’25 Financial & Business Highlights ©2026 InterDigital, Inc. All Rights Reserved. 4
Slide 5: Q4 Financial Highlights
Revenue, Adj. EBITDAa and Diluted EPS exceed the top end of guidance range Annualized Recurring Revenueb (ARR) up 24% YoY Q4 Financial to $582 million Smartphone ARRb up 29% to $491 million (all-time high) Highlights Adj. EBITDAa of $88 million Adj. EBITDA margina of 56% Free cash flowa
Slide 6: Recent Business Highlights
Renewed our license with Xiaomi Signed a new license with LG Electronics covering Recent digital TVs and computer display monitors Business Signed a new CE device license agreement with a significant social media company Highlights Awarded two injunctions against Disney by a court in Germany
Slide 7: Q1'26 License Agreement With LG Electronics
Multi-year agreement licenses LG’s digital TVs and Q1’26 computer display monitors License LG is one of the world’s largest TV manufacturers Agreement Agreement reached through bilateral negotiation With LG under InterDigital’s joint licensing program with Sony Electronics Technologies cover
Slide 8: Financial Results vs. Outlook
Financial Results vs. Outlook Q4’25 RESULTS Q4’25 OUTLOOK Revenue $158.2M $144M - $148M Adjusted EBITDAa $88.2M $68M - $76M Diluted EPS $1.20 $0.72 - $0.95 Non-GAAP EPSa $2.12 $1.38 - $1.63 aNon-GAAP Measure / Please see appendix for GAAP to Non-GAAP reconciliations, as well as our 2025 10-K for a s
Slide 9: Q4'25 Results
Q4’25 Results Q4’25 revenue included $12.6 million of catch-up revenue, compared with $135.8 million in Q4’24 The decline in catch-up revenue drove lower Revenue, Non-GAAP EPSb and Adjusted EBITDAb in Q4’25 ARRa Revenue 300 700 +24% YoY <37> % YoY $582M 600 500 $468M 200 $395M 400 300 $253M 100 200
Slide 10: FY25 Financial & Business Highlights
FY25 Financial & Business Highlights ©2026 InterDigital, Inc. All Rights Reserved. 10
Slide 11: FY25 Financial Highlights
Revenue of $834 million Annualized Recurring Revenuea (ARR) of $582 FY25 million, up 24% YoY Record Adj. EBITDAb of $589 million Financial Adj. EBITDA marginb of 71%, up 8 ppt YoY Highlights Record non-GAAP EPSb of $15.31 Record free cash flowb of $474 million Cash balance of $1.2 bill
Slide 12: FY25 Business Highlights
Completed the most valuable license in our history with Samsung Signed new license agreements with top-ten FY25 smartphone vendors vivo and Honor, as well as HP, the world’s largest PC manufacturer Business Grew our patent portfolio 14% to ~38,000 granted patents and pending applications Highl
Slide 13: FY25 Results
FY25 Results FY25 revenue included $277.4 million of catch-up revenue, compared with $460.1 million in FY24 ARRa Revenue 1,000 700 +24% YoY <4%> YoY 900 $582M 600 800 500 $468M 700 $395M 600 400 500 300 400 $869M $834M 200 300 200 100 100 0 0 FY24 FY25 FY24 FY25 Ce, IoT/Auto Smartphone 1,000 900 Adj
Slide 14: Q1 and FY26 Outlook
Q1 and FY26 Outlook ©2026 InterDigital, Inc. All Rights Reserved. 14
Slide 15: Q1'26 and FY26 Outlook
Q1’26 and FY26 Outlook (as of February 5, 2026) Q1’26 OUTLOOK FY26 OUTLOOK Revenue $194M - $200M $675M - $775M Adjusted EBITDAa $101M - $110M $381M - $477M Diluted EPS $1.61 - $1.86 $5.77 - $8.51 Non-GAAP EPSa $2.39 - $2.68 $8.74 - $11.84 The outlook for first quarter 2026 covers existing licenses a
Slide 16: Upcoming Investor Events
Upcoming Investor Events March 18-19 March 23 Sidoti Roth Conference Conference Virtual Dana Point, CA ©2025 InterDigital, Inc. All Rights Reserved. 16
Slide 17: Background on InterDigital
Background on InterDigital As of February 5, 2026 ©2026 InterDigital, Inc. All Rights Reserved. 17
Slide 18: InterDigital
01 Company Introduction Long-term 05 InterDigital 02 Premier Team Growth Strategy Innovating Today, Empowering Tomorrow 04 03 Accelerating Business Essential Technology Momentum Development ©2026 InterDigital, Inc. All Rights Reserved. 18
Slide 19: InterDigital Pioneering Wireless, Video and AI Research
InterDigital Pioneering Wireless, Video and AI Research HIGHLIGHTS Industry-leading Long-term customers Enabling ecosystem World-class team Driving foundational patents Evergreen Subscription-like revenue, Over two billion devices Led by seasoned research in wireless, and $5.7T economic industry vet
Slide 20: World-Class Leadership Team
World-Class Leadership Team Decades of industry experience. Strong track record. Drive deep collaboration and superb execution Liren Chen Rajesh Pankaj Rich Brezski Julia Mattis CEO CTO CFO Chief Licensing Officer Ken Kaskoun Skip Maloney Joshua Schmidt Robert S. Stien Chief Growth Officer Chief Peo
Slide 21: IP as a Service Business Model: A Virtuous Cycle of Innovation
IP as a Service Business Model: A Virtuous Cycle of Innovation We are a foundational R&D company. We share our innovation through the standards process and monetize our technology through IP licensing. PATENT LICENSING PORTFOLIO $ RESEARCH & PRODUCT INNOVATION IMPLEMENTERS STANDARD TECHNOLOGY DEVELO
Slide 22: We Focus on Foundational Technologies
We Focus on Foundational Technologies We solve the most complex problems in the system. The technology we created is broadly applicable to many industries WIRELESS VIDEO AI Cellular wireless - 4G/5G/6G Video compression, transport AI/ML research to deliver next gen and enhancement wireless and video
Slide 23: InterDigital Tech Underpins Surging Mobile Traffic
InterDigital Tech Underpins Surging Mobile Traffic Video Drives Surge in Mobile Data Traffic Estimated global media traffic by application category (in exabytes per month)* 2017 10.8 EB 2022 90.4 EB 2027 282.8 EB 0 50 100 150 200 250 300 * One exabyte equals one million terabytes. Source: Ericsson M
Slide 24: Our Innovations Help Drive Video Codec Evolution
Our Innovations Help Drive Video Codec Evolution Uncompressed: 11,600GB Compressed AVC: ~24 GB(1) VP9: ~15 GB HEVC: ~14 GB(1) AV1: ~11 GB VVC: ~9 GB(2) 4K Movie 130-Minute Run Time (1) http://www.iam-media.com/litigation/what-will-tv-cost-you-putting-price-hevc-licences (2) Approximated based on the
Slide 25: The Power of the Global Standards System
CONSUMERS A global system of standards helps ensure interoperability The Power of the Global IMPLEMENTERS Standards like 5G lower barriers to Standards entry for new entrants into a market like smartphones and benefit from System economies of scale OPERATORS AND SERVICE PROVIDERS Standards increase
Slide 26: InterDigital Drives Standard Development
InterDigital Drives Standard Development UNITING PRINCIPLES STRONG LEADERSHIP BROAD COLLABORATIONS Strong belief in global standards Participate in 100+ standard Collaborate with many industry development organizations (SDO) partners and leading universities Focus on technology merits and neutral on
Slide 27: We Have Many Standard Development Leadership Positions
We Have Many Standard Development Leadership Positions Video & AI Standards JVT MPEG GreenNNVC Beyond VVC Beyond VVC NNVC AI AHG AI AHG Haptic AHG Ultra HD Forum Board Steering Board TSAG Chair Co-Chair & SW Chair Co-Chair of Co-Chair of Co-Chair & SW Chair Co-Chair Co-Chair Chair Member Member Vice
Slide 28: One Of Only Three Companies with Multiple 3GPP Chair Positions
One Of Only Three Companies with Multiple 3GPP Chair Positions Radio Access Network Services & System Core Network & (RAN) Aspects (SA) Terminals (CT) WG1 WG1 WG1 Radio Layer1 Services User Equipment To Core Network Protocols WG2 WG2 WG3 Radio Layer 2/3 System Architecture Interworking With External
Slide 29: InterDigital is a Recognized Global Innovation Leader
InterDigital is a Recognized Global Innovation Leader For the fourth year in a row, LexisNexis recognized InterDigital amongst the World’s 100 Most Innovative Businesses. Innovation Momentum 2025: The Global Top 100, “represents the world’s leading patent owners with the highest innovation momentum.
Slide 30: Innovation Engine Fuels Evergreen IP Portfolio
Innovation Engine Fuels Evergreen IP Portfolio Our patent portfolio grew > 100% between 2017 & 2025 with the addition of video & DTV related technologies and continuing growth of wireless assets 2017: 2025: ~19,000 Assets ~38,000 Assets Growing by about 7 new patents/day Cellular WiFi Video Other ©2
Slide 31: Accelerating Business Momentum
Accelerating Business Momentum ©2026 InterDigital, Inc. All Rights Reserved. 31
Slide 32: Licensing Momentum Drives Total Contract Value (TCV) Growth
Licensing Momentum Drives Total Contract Value (TCV) Growth More than 50 licenses with TCV > $4.6B closed since the start of 2021 $5,000M $4,500M $4,000M $3,500M $3,000M $2,500M $2,000M $1,500M $1,000M $500M $0M 2021 2022 2023 2024 2025 2026 ©2026 InterDigital, Inc. All Rights Reserved. 32
Slide 33: Licensing Success Drives ARR Growth
Licensing Success Drives ARRa Growth New Agreements and Renewals Drive Increase in ARRa $600M $582M $550M $500M $450M $406M $0M 2021 2022 2023 2024 2025 a Please see appendix for a description of this metric and how it is calculated ©2026 InterDigital, Inc. All Rights Reserved. 33
Slide 34: Strong Revenue Growth, Margins and Return of Capital
Strong Revenue Growth, Margins and Return of Capital Revenue Non-GAAP EPSa ~2x growth > 4X growth $869M $834M $14.97 $15.31 $550M $9.23 $425M $458M $5.08 $3.73 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Adjusted EBITDAa Return of Capital $1,000M ~3X growth 71% 80% >$2B cumulative since 2011 6
Slide 35: Recognized As One Of America's Best Companies
Recognized As One Of America’s Best Companies Newsweek Fortune Time Magazine Forbes America’s 100 Fastest- America’s America’s Best Greatest Growing Growth Mid-Cap Companies Compaines Leaders Companies 2025 2025 2025 2026 #1 ©2026 InterDigital, Inc. All Rights Reserved. 35
Slide 36: Long-term Growth Strategy
Long-term Growth Strategy ©2026 InterDigital, Inc. All Rights Reserved. 36
Slide 37: Our Technologies Benefit the Economy and the World
Our Technologies Benefit the Economy and the World 5.6 billion Mobile technologies 5G is projected to people globally and services Enables 35 million add nearly $1 subscribed to a generate $5.7 jobs across the trillion to the mobile service, trillion economic wider mobile including 4.7 billion value
Slide 38: We Address Three Attractive Markets
We Address Three Attractive Markets ’25 – ’29E Significant 2025E TAM CAGR Customers Key Market Dynamic Market Increasing ~1.2B Units SMARTPHONES ~2% <10 concentration of (~$460B)1 top OEMs Mix of mature and ~1.8B Units growth with CE, IoT/AUTO ~4% ~100 (~$440B)2 fragmentation across certain vertical
Slide 39: Clear Pathway to Growth $1B+
Clear Pathway to Growth $1B+ ARRa Target 2030 Q4-2025 2030 $491M ~$500M ~$300M+ ~$200M $91M (by (by 2027) 2027) $0 SMARTPHONE CE, IOT/AUTO STREAMING & Increase penetration Increase penetration CLOUD SERVICES Enhance valuation during renewals Expand market coverage Grow video services licensing progr
Slide 40: Strong Execution Drives High Penetration
Strong Execution Drives High Penetration 2025 SMARTPHONE SHIPMENTS: ~1.2B Licensing coverage: ~85% • Top 3 vendors under license until end of decade ~8% ~4% • 8 of top 10 under license • Large global market, projected 17% at 2% CAGR thru ‘29 • Focus on driving higher value from key customers during
Slide 41: Good Momentum in CE - Large Opportunity Remains
Good Momentum in CE - Large Opportunity Remains License coverage based on HEVC PCs & TABLETS: ~380M TVs: ~210M ~15% ~15% ~20% ~20% ~65% ~65% Licensed Primary Opportunity Long Tail Note: Figures represent 2025 estimated shipments Source: Omdia ©2026 InterDigital, Inc. All Rights Reserved. 41
Slide 42: Strong Growth Opportunity in Automotive and IoT
Strong Growth Opportunity in Automotive and IoT PASSENGER VEHICLE SHIPMENTS (M) CELLULAR IOT SHIPMENTS (M) 5G Unaddressed 4G Addressed ~800 CAGR ~10% CAGR ~8% ~85 ~65 ~550 5G auto Consumer market Healthcare driving Industrial IoT value Smart Cities growth ~85% of 4G auto Energy & Utilities market Re
Slide 43: SVoD and AVoD Are Our Initial Focus
SVoD and AVoD Are Our Initial Focus 2025 TAM 2029 TAM TAM CAGR VIDEO SVoD AVoD GLOBAL PAY-TV CONFERENCING CLOUD GAMING +12% +5% +5% $475 B +4% -1% $205 B $170B $305B $170 B $160 B $18 B $21 B $5 B $6 B Source: Omdia ©2026 InterDigital, Inc. All Rights Reserved. 43
Slide 44: Capital Allocation Priorities
Capital Allocation Priorities Maintain fortress Organic investment Inorganic Return Excess cash balance sheet in business investment to shareholders Financial strength Prioritize investment Opportunistic and > $1.4B in share is a strategic asset into research and strategic repurchases since ‘11 IP p
Slide 45: Target Financial Model for 2030
Target Financial Model for 2030 $1B+ ARRa Powerful Operating High Margin Drives Leverage drives Strong Cash Flow Well 10%+ 60%+ $600M+ positioned to drive Annual Adjusted Adjusted value going Growth EBITDA EBITDAb forward Target Marginb Target Target a Please see appendix for a description of this m
Slide 46: Key Takeaways
World-class leadership and functional teams across the board Accelerating momentum for R&I, standard development, Key patent portfolio creation and licensing driven Takeaways by continuing investment and strong execution Our technologies are critical to devices and services of multiple industries, g
Slide 47: Appendix
Appendix ©2026 InterDigital, Inc. All Rights Reserved. 47
Slide 48: Supplemental Metrics
Supplemental Metrics Annualized recurring revenue ("ARR") for any quarter is defined as total revenue for the quarter less catch-up revenue for the quarter, multiplied by four. Management believes ARR provides useful information about our financial performance, and our progress toward our 2030 targe
Slide 49: Non-GAAP Reconciliation
Non-GAAP Reconciliation Full Year Three Months Ended Outlook Full Year 2021 2022 2023 2024 2025 Q4'25 Q4'24 Q4'25 Q1'26 (In millions) 2026 Net income attributable to InterDigital, Inc. $ 55 $ 94 $ 214 $ 359 $ 407 $ 43 $ 133 $26 - $34 $57 - $66 $202 - $298 Net loss attributable to non-controlling int
Slide 50: Non-GAAP Reconciliation
Non-GAAP Reconciliation Full Year Three Months Ended Outlook Full Year 2021 2022 2023 2024 2025 Q4'25 Q4'24 Q4'25 Q1'26 (In millions, except per share data) 2026 Net income attributable to InterDigital, Inc. $ 55 $ 94 $ 214 $ 359 $ 407 $ 43 $ 133 $26 - $34 $57 - $66 $202 - $298 Share-based compensat