ADEA
Adeia Inc.
Next earnings Aug 3, 2026 · consensus $0.31 EPS, $98.7M rev
Last earnings +1.9% on 2026-05-04
$30.82
▲ +1.45%$30.82▲ +129.03%
over 1Y
L $11.64EODHDH $33.57
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.4%
1W-3.1%
1M+9.1%
3M+27.6%
YTD+76.0%
1Y+129.0%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 10 analysts
Buy
Great margins and deleveraging, but the headline 18% growth is non-recurring and OCF fell 26% — fair at best.
Revenue $443M · FY2025
The read
Middling fundamentals offset by an attractive price (~22% below fair value) — worth a look on the value angle.
Adeia is a pure-play IP licensing engine with a structurally attractive economic model: ~150 employees, ~13,750 patent assets, 39.5% operating margins, 25.1% net margins and 23.1% ROE on FY2025. Management is paying down the term loan ($60.4M principal paid, long-term debt down 12.5% to $397M) while still returning ~$43M to shareholders via buybacks ($21.3M) and dividends ($21.8M). Retained earnings finally turned meaningfully positive ($92.1M) after years of losses (FY2022 net loss of $296M is still in living memory), and the equity base grew 21% to $481M. On paper, this is a high-quality compounder.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $391M | $439M | $389M | $376M | $443M |
| Gross profit | — | — | — | — | — |
| Operating income | $119M | $153M | $136M | $129M | $175M |
| Net income | -$55.5M | -$296M | $67.4M | $64.6M | $111M |
| Diluted EPS | -$0.52 | -$2.75 | $0.60 | $0.57 | $0.99 |
| Net margin | -14.2% | -67.4% | 17.3% | 17.2% | 25.1% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$3.71B
EV / EBITDA9.2
EV / Sales8.4
EV / FCF23.7
P / FCF21.5
PEG (trailing)0.43
Earnings yield3.3%
FCF yield4.6%
Quality & risk
ROIC (est.)15.4%
Free cash flow$156M
Total debt$418M
Net cash-$345M
Altman Z-Score4.97 safe
Piotroski F-Score7/8
Capital returns
Buyback yield0.6%
Dividend yield (est.)0.6%
Shareholder yield1.3%
Shares Δ YoY+1.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Shareholder vote2026-05-08
Annual meeting vote results disclosed; routine director/auditor ratification
- 10-Q Quarterly report2026-05-06
Q1 2026 10-Q filed following strong FY2025 close
- 8-K Officer / director change2026-05-04
Q1 2026 earnings release furnished; continues strong FY2025 licensing momentum
- 8-K Earnings results2026-05-04
Q1 2026 earnings release furnished; continues strong FY2025 licensing momentum
- 8-K Reg FD disclosure2026-04-01
Reg FD disclosure (likely new license deal or investor update)
- DEF 14A Proxy statement2026-03-25
2026 proxy filed; routine board/comp matters
- 8-K Reg FD disclosure2026-03-09
Reg FD disclosure — likely conference presentation or license announcement
- 10-K Annual report2026-02-26
FY2025: rev $443M +18%, NI $111M +72%, $60M debt paydown, $20M buyback
- 8-K Earnings results2026-02-23
FY2025 results: revenue +18% to $443M, net income +72%, EPS $0.99
Recent filings
all on EDGAR ↗4Period ending 2026-06-012026-06-02open ↗4Period ending 2026-05-132026-05-15open ↗144Filing2026-05-13open ↗4Period ending 2026-05-072026-05-11open ↗4Period ending 2026-05-072026-05-08open ↗4Period ending 2026-05-072026-05-08open ↗4Period ending 2026-05-072026-05-08open ↗4Period ending 2026-05-072026-05-08open ↗4Period ending 2026-05-072026-05-08open ↗S-8Filing2026-05-08open ↗8-KPeriod ending 2026-05-072026-05-08open ↗10-QPeriod ending 2026-03-312026-05-06open ↗
Frequently asked
- Is Adeia Inc. (ADEA) a buy?
- ADEA currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Great margins and deleveraging, but the headline 18% growth is non-recurring and OCF fell 26% — fair at best.
- What is ADEA's fair value?
- A Modified-Graham model based on ADEA's SEC fundamentals estimates a fair value of about $37.62. It is an estimate from reported earnings, not a price target.
- Is ADEA overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, ADEA currently appears undervalued relative to its SEC-grounded earnings power.
- What is Adeia Inc.'s quality score?
- ADEA scores 77.7843137254902/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001803696, latest 10-Q filed 2026-05-06) · EODHD · analysis by claude-code · as of 6/25/2026, 1:38:33 PM.
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