ADEA Adeia Inc.

Overview and Growth

Adeia Inc. generated $443.39M of revenue in fiscal 2025, with net income of $111.08M and an operating cash inflow of $158.09M. Revenue of $443.39M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 17.9% above fiscal 2024 revenue of $376.02M, marking a year-over-year increase. Diluted earnings per share were $0.99, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $0.57 in fiscal 2024, the current result was 73.7% higher. Revenue equaled 0.43x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Operations produced $175.00M of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 39.5% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was net income of $111.08M, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 25.1% of revenue, connecting the absolute net income figure with the company’s top-line scale. The earnings statement records $140.92M of pretax income, the profit base against which the reported tax provision can be assessed. The pretax margin was 31.8%, relating income before taxes directly to revenue. Income tax expense totaled $29.85M, providing the reported tax component that separates pretax and after-tax earnings. The income-tax provision equaled 21.2% of pretax income, showing the tax burden absorbed by the year’s earnings. Net income equaled 23.1% of period-end equity, showing the earnings generated on shareholders’ book capital. The net-income-to-assets relationship measured 10.7%, showing earnings relative to the full balance sheet.

Liquidity and Capital Structure

Total assets were $1.04B, supported by $558.76M of liabilities and $480.54M of shareholder equity. The near-term balance sheet paired $303.96M of current assets with $79.78M of current liabilities at the reporting date. At 3.81x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $73.14M, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 91.7% of current liabilities, showing how much near-term coverage came from cash alone. Borrowings totaled $418.45M, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 0.87x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 40.3% of total assets, placing borrowing in the context of the company’s full resource base. The liabilities-to-assets relationship was 53.8%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 7.0%, comparing reported cash and equivalents with the full positive asset balance. Compared with $1.10B in fiscal 2024, the current asset base moved 5.3% and finished lower.

Cash Flow and Earnings Quality

The company reported $158.09M of operating cash flow, a cash inflow that shows the cash generated by operations. Operating cash flow equaled 1.42x of net income, showing how strongly accounting earnings converted into cash from operations. Capital spending was $1.81M, absorbing part of the cash generated from operations before free cash flow. Capital expenditures represented 1.1% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $156.28M, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 35.2%, measuring cash remaining after capital spending against revenue. Measured against total assets, free cash flow represented 15.0%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.