Tearsheet

Adeia (ADEA)

Market Price (12/4/2025): $12.62 | Market Cap: $1.4 Bil
Sector: Information Technology | Industry: IT Consulting & Other Services

Adeia (ADEA)

Market Price (12/4/2025): $12.62
Market Cap: $1.4 Bil
Sector: Information Technology
Industry: IT Consulting & Other Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, FCF Yield is 10%	Weak multi-year price returns 2Y Excs Rtn is -15%, 3Y Excs Rtn is -44%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 38%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 54%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 49%
3	Low stock price volatility Vol 12M is 50%
4	Megatrend and thematic drivers Megatrends include Digital Content & Streaming, and 5G & Advanced Connectivity. Themes include Video Streaming, Music Streaming, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, FCF Yield is 10%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 38%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 54%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 49%
3	Low stock price volatility Vol 12M is 50%
4	Megatrend and thematic drivers Megatrends include Digital Content & Streaming, and 5G & Advanced Connectivity. Themes include Video Streaming, Music Streaming, Show more.
5	Weak multi-year price returns 2Y Excs Rtn is -15%, 3Y Excs Rtn is -44%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$12.62	$13.78	$12.01	$8.99	$8.91
Market Cap CYE ($ Bil)	1.4	1.5	1.3	0.9	0.9
Total Debt ($ Bil)	0.4	0.5	0.6	0.7	0.8
Total Cash ($ Bil)	0.1	0.1	0.1	0.1	0.1
Enterprise Value ($ Bil)	1.7	2.0	1.9	1.6	1.7
Valuation Ratios
P/S TTM	4.9	4.0	3.4	2.2	2.5
P/EBIT TTM	14.2	11.4	9.3	6.4	8.9
P/E TTM	25.2	23.5	19.6	-3.3	-18.0
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$12.62	$13.78	$12.01
Market Cap CYE ($ Bil)	1.4	1.5	1.3
Total Debt ($ Bil)	0.4	0.5	0.6
Total Cash ($ Bil)	0.1	0.1	0.1
Enterprise Value ($ Bil)	1.7	2.0	1.9
Valuation Ratios
P/S TTM	4.9	4.0	3.4
P/EBIT TTM	14.2	11.4	9.3
P/E TTM	25.2	23.5	19.6
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	ADEA	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	0.4
Rev Chg Q	1.4%	7.1%
Rev Chg LTM	10.5%	6.1%
Rev Chg 3Y Avg	177.5%	5.5%
PROFITABILITY	VERY GOOD
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	38.4%	18.8%
CFO/Rev LTM	54.1%	20.5%
Net Inc Mgn	19.3%	13.1%
VALUATION	MODERATE
P/S	4.9	3.2
P/CFO	9.0	15.8
P/FCF	9.9	20.5
P/E	25.2	23.5
STABILITY	VERY GOOD
Debt/Equity	0.24	0.20
Cash/Assets	0.11	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Patent Portfolio Size	more than 13,000 patent assets	11032025	Link
License Agreements Signed Since Early 2021	approximately 145	11032025	Link
New License Agreements and Renewals Since Separation	20	11032025	Link
Year-over-Year Growth in Non-Pay-TV Recurring Revenue	31%	9302025	Link

Recent
11/24/2025	Dividend	Amount: $0.05 Payment On: 12/15/2025
Upcoming
2/17/2026	Earnings Release	Rev: - EPS: -

ADEA Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Adeia Inc. (ADEA) experienced a stock movement of approximately -16.1% between August 31, 2025, and December 4, 2025, primarily due to the following key points: 1. Adeia Missed Q3 2025 Earnings and Revenue Estimates.

On November 3, 2025, Adeia announced its financial results for the third quarter ended September 30, 2025, reporting diluted earnings per share (EPS) of $0.28, which missed the Zacks Consensus Estimate of $0.36. The company also posted revenues of $87.3 million, falling short of analyst expectations of $99.24 million or $100.63 million. 2. Significant Stock Drop Following Q3 Earnings Announcement.

Following the announcement of its Q3 2025 results, Adeia's stock dropped by 16.08% in aftermarket trading to $14.30, approaching its 52-week low.

Stock Movement Drivers

Fundamental Drivers

The -17.3% change in ADEA stock from 9/3/2025 to 12/3/2025 was primarily driven by a -12.8% change in the company's Net Income Margin (%).

	9032025	12032025	Change
Stock Price ($)	15.20	12.56	-17.35%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	378.67	379.91	0.33%
Net Income Margin (%)	22.15%	19.32%	-12.79%
P/E Multiple	19.72	18.73	-5.03%
Shares Outstanding (Mil)	108.83	109.42	-0.54%
Cumulative Contribution			-17.35%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
ADEA	-17.3%
Market (SPY)	6.2%	43.8%
Sector (XLK)	11.0%	38.0%

Fundamental Drivers

The -3.4% change in ADEA stock from 6/4/2025 to 12/3/2025 was primarily driven by a -2.7% change in the company's Net Income Margin (%).

	6042025	12032025	Change
Stock Price ($)	13.00	12.56	-3.41%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	380.29	379.91	-0.10%
Net Income Margin (%)	19.86%	19.32%	-2.74%
P/E Multiple	18.58	18.73	0.77%
Shares Outstanding (Mil)	107.95	109.42	-1.36%
Cumulative Contribution			-3.43%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
ADEA	-3.4%
Market (SPY)	15.1%	49.2%
Sector (XLK)	22.7%	42.8%

Fundamental Drivers

The 2.4% change in ADEA stock from 12/3/2024 to 12/3/2025 was primarily driven by a 60.8% change in the company's Net Income Margin (%).

	12032024	12032025	Change
Stock Price ($)	12.27	12.56	2.38%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	343.72	379.91	10.53%
Net Income Margin (%)	12.01%	19.32%	60.80%
P/E Multiple	32.39	18.73	-42.19%
Shares Outstanding (Mil)	109.03	109.42	-0.35%
Cumulative Contribution			2.37%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
ADEA	2.4%
Market (SPY)	14.3%	52.2%
Sector (XLK)	23.1%	51.1%

Fundamental Drivers

The 22.4% change in ADEA stock from 12/4/2022 to 12/3/2025 was primarily driven by a 497.3% change in the company's Total Revenues ($ Mil).

	12042022	12032025	Change
Stock Price ($)	10.26	12.56	22.40%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	63.61	379.91	497.26%
P/S Multiple	16.86	3.62	-78.54%
Shares Outstanding (Mil)	104.51	109.42	-4.70%
Cumulative Contribution			22.13%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
ADEA	34.7%
Market (SPY)	53.2%	48.0%
Sector (XLK)	60.2%	43.6%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
ADEA Return	17%	-9%	1%	34%	15%	-9%	49%
Peers Return	-19%	7%	-17%	29%	-24%	-43%	-60%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
ADEA Win Rate	58%	58%	42%	58%	42%	60%
Peers Win Rate	38%	54%	38%	67%	46%	35%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
ADEA Max Drawdown	-42%	-15%	-28%	-24%	-21%	-19%
Peers Max Drawdown	-52%	-13%	-28%	-7%	-31%	-47%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GIB, XRX, BAO, GBH, JAJI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	ADEA	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-45.3%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	82.7%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	559 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-46.2%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	85.9%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	261 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-69.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	232.5%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days

Compare to GIB, XRX, BAO, GBH, JAJI

In The Past

Adeia's stock fell -45.3% during the 2022 Inflation Shock from a high on 3/17/2021. A -45.3% loss requires a 82.7% gain to breakeven.

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About Adeia (ADEA)

N/A

AI Generated Analysis | Feedback

Here are 1-2 brief analogies for Adeia:

Adeia is like Arm Holdings for media technology IP.
Adeia is like Dolby Laboratories for smart TVs and entertainment tech.

AI Generated Analysis | Feedback

Adeia (ADEA) Major Products and Services

Media IP Licensing: Licenses foundational intellectual property for digital media, entertainment, and consumer electronics technologies.
Semiconductor IP Licensing: Licenses intellectual property for advanced semiconductor manufacturing, packaging, and memory technologies.

AI Generated Analysis | Feedback

Adeia (ADEA) primarily sells its intellectual property (IP) through licensing agreements to other companies, making its business model B2B (business-to-business). Its customer base spans two main segments: Semiconductor IP and Media & Entertainment IP. While Adeia's financial disclosures indicate that no single customer accounted for 10% or more of its total consolidated revenue during recent fiscal years, it maintains numerous significant licensing agreements with industry-leading companies globally.

Major customer companies and types of customers include, but are not limited to, the following (with symbols for public companies):

1. Semiconductor IP Licensing Customers:
These companies license Adeia's foundational technologies in areas like advanced packaging (e.g., hybrid bonding), memory, and display, which are critical for chip manufacturing and related processes.
- NVIDIA (NVDA)
- Samsung (005930.KS)
- TSMC (TSM)
- Micron Technology (MU)
- United Microelectronics Corporation (UMC) (UMC)
- Himax Technologies (HIMX)
- SK hynix (private company)
2. Media & Entertainment IP Licensing Customers:
These companies license Adeia's technologies related to video delivery, discovery, and monetization (derived from its TiVo heritage), as well as advanced audio and multimedia solutions (derived from its DTS heritage).
- Comcast (CMCSA) - A major pay-TV operator and broadband provider.
- Charter Communications (CHTR) - Another major U.S. cable operator.
- Mediatek (2454.TW) - A fabless semiconductor company that develops chips for various consumer electronics.
- Various global consumer electronics manufacturers (e.g., for smart TVs, soundbars, mobile devices) and automotive manufacturers that incorporate DTS audio and video technologies into their products.

AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

Paul Davis, Chief Executive Officer & Director

Paul Davis was named Chief Executive Officer of Adeia Inc. effective October 1, 2022, following its separation as a stand-alone company. Prior to this, he served as Chief Legal Officer of Xperi Holding Corporation and President of its IP licensing business. His previous roles include General Counsel and Corporate Secretary of Xperi Corporation before its 2020 merger with TiVo Corporation, and Senior Vice President, General Counsel, and Corporate Secretary of Tessera Technologies, Inc. before the acquisition of DTS, Inc. in 2016. Mr. Davis joined the company in 2011. Before his tenure at the company, he was an attorney at Skadden, Arps, Slate, Meagher & Flom LLP, where he specialized in mergers and acquisitions, corporate securities matters, and corporate governance.

Keith Jones, Chief Financial Officer

Keith Jones was appointed Chief Financial Officer of Adeia, the intellectual property business of Xperi, joining on August 8, 2022, and assuming the CFO role upon the separation of Xperi's IP and product businesses. Before joining Adeia, Mr. Jones held several key finance positions at Rambus (NASDAQ: RMBS), a technology company focused on developing and licensing chip interface technologies, including most recently serving as Interim CFO since 2018.

Kevin Tanji, Chief Legal Officer

Kevin Tanji serves as Adeia's Chief Legal Officer. Before the spin-off of Adeia's product business, Xperi Inc., in 2022, he was Senior Vice President and General Counsel, IP of Xperi Holding Corporation. He previously held the position of Senior Vice President, Commercial Legal Affairs of TiVo Corporation prior to its merger with Xperi Corporation in 2020. Mr. Tanji began his career with the company in 2010 as Director, Commercial Legal Affairs of Rovi Corporation. Earlier in his career, he was an attorney at Skadden, Arps, Slate, Meagher & Flom LLP, concentrating on corporate finance.

Dr. Mark Kokes, Chief Licensing Officer & General Manager - Media

Dr. Mark Kokes is Adeia's Chief Licensing Officer and General Manager - Media, a role he took on in late 2021 as Senior Vice President and General Manager of Media IP. His prior experience includes serving as Chief Intellectual Property Officer for NantWorks and the Nant family of companies. Before NantWorks, Dr. Kokes was Senior Vice President of Intellectual Property, Licensing and Standards at BlackBerry, where he was responsible for monetizing its comprehensive IP portfolio. From late 2014, he was Vice President of Corporate Development and Intellectual Property Licensing at Intertrust Technologies Corporation. With over 15 years in the mobile industry, he has also held senior engineering, corporate strategy, and intellectual property-related positions at Nokia Research Center, Sony Ericsson's Corporate Technology Office, and HTC's Corporate Strategy Group. Dr. Kokes is also an inventor with 14 U.S. and international patents.

Dana Escobar, Chief Licensing Officer & General Manager - Semiconductor

Dana Escobar holds the position of Chief Licensing Officer and General Manager - Semiconductor at Adeia. Prior to the 2022 spin-off of Adeia's product business, Xperi Inc., he served as Senior Vice President and General Manager of Semiconductor IP at Xperi Holding Corporation. He joined the company in 2020 as Vice President of IP Licensing. Before his time at Xperi, Mr. Escobar was Vice President of IP Licensing at GE, Chief IP Counsel at Sharp Laboratories of America and Director of Sharp Corporation's U.S. IP Center, and Senior Director of IP Licensing at LSI Corporation/Avago. His diverse background also includes serving as a Licensing & Litigation Attorney at Discovision Associates and as a Deputy District Attorney in Los Angeles County.

AI Generated Analysis | Feedback

The clear emerging threat to Adeia is the growing industry adoption of royalty-free video codecs, most notably AV1.

Developed by the Alliance for Open Media (AOMedia), a consortium that includes major tech and media companies such as Google, Amazon, Apple, Meta, Netflix, Microsoft, and NVIDIA, AV1 is a high-efficiency video coding format designed to be royalty-free. Adeia derives significant revenue from licensing intellectual property related to video compression technologies, including proprietary codecs like HEVC (H.265), which are widely used in streaming, broadcasting, and consumer electronics devices.

The increasing deployment and hardware support for AV1 by major content providers (e.g., Netflix, YouTube) and device manufacturers directly threatens Adeia's core business model in video technology licensing. As the industry shifts towards royalty-free alternatives that offer comparable or superior performance, the demand for Adeia's proprietary licensed video codec technologies may diminish, leading to reduced licensing revenue and market share for its IP portfolio in this critical area.

AI Generated Analysis | Feedback


  
    Adeia (ADEA) operates primarily through intellectual property (IP) licensing in two main segments: media and semiconductors.
    
      Media IP Licensing: This segment involves licensing patents for entertainment experiences, covering areas such as multichannel video programming distributors (MVPDs) like cable and satellite TV providers, over-the-top (OTT) video service providers, and consumer electronics (CE) manufacturers (e.g., smart TVs, streaming devices, gaming consoles, mobile devices).
      Semiconductor IP Licensing: In this segment, Adeia licenses technologies focused on semiconductor packaging innovation and other fundamental advancements, including those used in sensors, radio frequency (RF) components, memory, and logic devices for various electronic products.
    
    The global intellectual property licensing market, which encompasses Adeia's business, was valued at $194 billion in 2024 and is projected to grow at an annual rate of 7% to 8% to exceed $310 billion by 2032.

AI Generated Analysis | Feedback

Adeia (NASDAQ: ADEA) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies:

Expansion in High-Growth Verticals: Adeia is actively expanding its licensing agreements in burgeoning sectors such as semiconductors, Over-The-Top (OTT) streaming, and adjacent media markets, including e-commerce. Non-Pay-TV recurring revenue demonstrated substantial growth, increasing 31% year-over-year in Q3 2025 and an impressive 81% since the company's separation, indicating successful diversification beyond traditional Pay-TV. The company's pipeline of new opportunities is robust, particularly in these areas, and is expected to fuel revenue growth in 2026.
Strategic Patent Portfolio Growth and Monetization: A core driver for Adeia is the continuous growth and relevance of its intellectual property (IP) portfolio. The company reported over 11,750 worldwide patent assets in Q3 2024, growing to over 13,000 assets by Q2 2025. This expanding and high-quality portfolio is vital for maintaining a strong renewal rate (exceeding 90%) and attracting new customers across its key markets, underpinning future licensing revenue.
New Customer Acquisitions and High Renewal Rates: Adeia consistently secures new license agreements and maintains a high rate of renewals with existing customers. In Q3 2024, the company signed seven deals across consumer electronics, Pay-TV, semiconductor, and OTT verticals, contributing to 22 deals signed for the year. By Q3 2025, Adeia had signed 20 new license agreements with new customers in key growth areas since its separation. This ongoing ability to onboard new clients and retain existing ones with multi-year agreements, such as the renewal with LG Electronics for media portfolio access, is crucial for sustained revenue.
Penetration into E-commerce and Adjacent Media Markets: Adeia has identified and begun to successfully penetrate the e-commerce sector. The company signed a new multi-year agreement with Neiman Marcus shortly after Q3 2024, demonstrating early success in this adjacent market vertical. By Q3 2025, Adeia had secured four e-commerce customers, highlighting a growing influence and successful diversification strategy into new revenue streams.

AI Generated Analysis | Feedback

Share Repurchases

In November 2024, Adeia increased its equity buyback authorization by $200 million, bringing the total authorization to $450 million.
The company repurchased $20.0 million of its common stock in the fourth quarter of 2024, leaving $180.0 million available under its stock repurchase plan as of December 31, 2024.
Adeia repurchased $10.0 million of common stock in the first quarter of 2025, with $170.0 million remaining under the repurchase plan as of March 31, 2025.

Share Issuance

Proceeds from employee stock purchase programs and the exercise of stock options amounted to $186 thousand for the three months ended March 31, 2025.

Outbound Investments

Adeia's capital allocation strategy includes expanding its intellectual property (IP) asset portfolio through both internal research and development and acquisitions.
The company has pursued "tuck-in acquisitions" and "acquiring strategic patent assets" as part of its balanced capital allocation approach.
Adeia's worldwide patent portfolio increased by 32% since its separation, driven by R&D efforts in areas like AI, advanced semiconductors, and entertainment.

Capital Expenditures

Adeia reported capital expenditures of -$1.76 million in the last 12 months, indicating minimal capital expenditure needs.
The company focuses on expanding its intellectual property asset portfolio through investments in internal research and development.
Research and development (R&D) spending increased from 10% of revenue in 2022 to 14% in 2023, and further to 16.8% in the first half of 2024.

Better Bets than Adeia (ADEA)

	ADEA	Better Performance than ADEA
Metric	Value	INDUSTRY: IT Consulting & Other Services
Rev Chg LTM	10.5%	INOD (73.6%), GDYN (23.6%), TASK (19.0%), EPAM (14.3%), IBEX (12.9%)
Rev Chg 3Y Avg	177.5%	VYX (9716.9%)
Op Mgn LTM	38.4%
CFO/Rev LTM	54.1%
FCF/Rev LTM	48.9%
Total Yield	5.2%	GIB (8.5%), ACN (7.4%), CTSH (7.0%), IBM (5.4%), FISV (5.2%)
P/S	4.8	GIB (1.2), CTSH (1.6), ACN (2.2), FISV (3.3), IBM (4.0)
P/Op Inc	12.6	INGM (6.1), GIB (7.5), CTSH (10.0), FISV (11.5), KD (11.7)

	ADEA	Better Performance than ADEA
Metric	Value	SECTOR: Information Technology
Rev Chg LTM	10.5%	NVDA (71.6%), PLTR (47.2%), AMD (31.8%), AVGO (28.0%), MSFT (15.6%)
Rev Chg 3Y Avg	177.5%	VYX (9716.9%), IMMR (1178.9%), BKKT (398.5%), POET (258.2%), MVIS (198.8%)
Op Mgn LTM	38.4%	NVDA (58.1%), APP (52.5%), MSFT (46.3%), ANET (42.9%), AVGO (39.0%)
CFO/Rev LTM	54.1%	NXTT (102.0%), IDCC (72.5%), VRSN (63.5%), NVEC (57.7%)
FCF/Rev LTM	48.9%	NXTT (102.0%), IDCC (63.6%), VRSN (61.8%), NVEC (52.6%), APP (50.6%)
Total Yield	5.2%	ACN (7.4%), CSCO (6.0%), AMAT (5.6%), IBM (5.4%), QCOM (5.2%)
P/S	4.8	DELL (0.8), ACN (2.2), INTC (2.8), IBM (4.0), QCOM (4.0)
P/Op Inc	12.6	HPQ (6.3), GIB (7.5), CTSH (10.0), FISV (11.5), DELL (12.0)

	ADEA	Better Performance than ADEA
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	10.5%	LLY (36.8%), META (21.3%), MA (14.6%), GOOGL (13.4%), AMZN (10.9%)
Rev Chg 3Y Avg	177.5%	QXO (2715.8%), ARWR (908.8%), CYTK (818.6%), BBIO (727.6%), AXSM (296.0%)
Op Mgn LTM	38.4%	V (66.4%), MA (58.3%), MCD (46.1%), META (43.2%), LLY (43.0%)
CFO/Rev LTM	54.1%	RY (135.4%), V (57.6%), BAC (57.3%), META (56.8%), MA (56.1%)
FCF/Rev LTM	48.9%	RY (131.7%), PLD (59.3%), BAC (57.3%), V (53.9%), MA (52.5%)
Total Yield	5.2%	XOM (10.3%), JNJ (8.4%), JPM (6.7%), BRK-B (6.2%), V (5.3%)
P/S	4.8	WMT (1.1), XOM (1.4), COST (1.5), BRK-B (2.7), AMZN (3.5)
P/Op Inc	12.6	VZ (5.9), T (8.3), MRK (9.4), UNH (11.9), XOM (12.4)

		Best Bets In Information Technology Sector
	ADEA
What You Pay
P/E	25.0
P/EBIT	14.2
What You Get
Rev Chg Q	1.4%
Rev Chg LTM	10.5%
Rev Chg 3Y Avg	177.5%
FCF/Rev 3Y Avg	41.5%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	With Adeia Stock Sliding, Have You Assessed The Risk?	Return
2	Adeia (ADEA) Operating Cash Flow Comparison	Financials
3	Adeia (ADEA) EBITDA Comparison	Financials
4	Adeia (ADEA) Net Income Comparison	Financials
5	Adeia (ADEA) Debt Comparison	Financials
6	Adeia (ADEA) Tax Expense Comparison	Financials
7	Adeia (ADEA) Revenue Comparison	Financials
8	Adeia (ADEA) Operating Income Comparison	Financials
9	Why Adeia Stock Moved: ADEA Stock Has Gained 41% Since 2021 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
10	ADEA Dip Buy Analysis

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to ADEA. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Adeia

Peers to compare with:

Financials

	ADEA	GIB	XRX	BAO	GBH	JAJI	Median
Name	Adeia	CGI	Xerox	BAO	Gigabit	JAJI Glo.
Mkt Price	12.56	89.51	2.71	-	-	-	12.56
Mkt Cap	1.4	19.6	0.3	-	-	-	1.4
Rev LTM	380	15,913	6,174	-	-	-	6,174
Op Inc LTM	146	2,612	131	-	-	-	146
FCF LTM	186	1,964	302	-	-	-	302
FCF 3Y Avg	156	1,904	376	-	-	-	376
CFO LTM	206	2,234	367	-	-	-	367
CFO 3Y Avg	168	2,184	425	-	-	-	425

Growth & Margins

	ADEA	GIB	XRX	BAO	GBH	JAJI	Median
Name	Adeia	CGI	Xerox	BAO	Gigabit	JAJI Glo.
Rev Chg LTM	10.5%	8.4%	-5.0%	-	-	-	8.4%
Rev Chg 3Y Avg	177.5%	7.4%	-3.7%	-	-	-	7.4%
Rev Chg Q	1.4%	9.7%	-0.1%	-	-	-	1.4%
QoQ Delta Rev Chg LTM	0.3%	2.3%	-0.0%	-	-	-	0.3%
Op Mgn LTM	38.4%	16.4%	2.1%	-	-	-	16.4%
Op Mgn 3Y Avg	35.8%	16.4%	3.7%	-	-	-	16.4%
QoQ Delta Op Mgn LTM	0.3%	0.1%	-0.6%	-	-	-	0.1%
CFO/Rev LTM	54.1%	14.0%	5.9%	-	-	-	14.0%
CFO/Rev 3Y Avg	44.7%	14.6%	6.5%	-	-	-	14.6%
FCF/Rev LTM	48.9%	12.3%	4.9%	-	-	-	12.3%
FCF/Rev 3Y Avg	41.5%	12.7%	5.7%	-	-	-	12.7%

Valuation

	ADEA	GIB	XRX	BAO	GBH	JAJI	Median
Name	Adeia	CGI	Xerox	BAO	Gigabit	JAJI Glo.
Mkt Cap	1.4	19.6	0.3	-	-	-	1.4
P/S	4.8	1.2	0.1	-	-	-	1.2
P/EBIT	14.2	8.3	-0.6	-	-	-	8.3
P/E	25.0	11.8	-0.5	-	-	-	11.8
P/CFO	8.9	8.8	1.8	-	-	-	8.8
Total Yield	5.2%	8.5%	-214.5%	-	-	-	5.2%
Dividend Yield	1.2%	0.0%	0.0%	-	-	-	0.0%
FCF Yield 3Y Avg	11.2%	8.5%	31.5%	-	-	-	11.2%
D/E	0.2	0.2	5.9	-	-	-	0.2
Net D/E	0.2	0.2	5.3	-	-	-	0.2

Returns

	ADEA	GIB	XRX	BAO	GBH	JAJI	Median
Name	Adeia	CGI	Xerox	BAO	Gigabit	JAJI Glo.
1M Rtn	-11.8%	3.5%	-15.8%	-	-	-	-11.8%
3M Rtn	-17.3%	-7.0%	-28.2%	-	-	-	-17.3%
6M Rtn	-3.4%	-16.7%	-45.7%	-	-	-	-16.7%
12M Rtn	2.4%	-19.8%	-67.3%	-	-	-	-19.8%
3Y Rtn	22.4%	2.1%	-80.1%	-	-	-	2.1%
1M Excs Rtn	-11.8%	3.5%	-15.8%	-	-	-	-11.8%
3M Excs Rtn	-23.5%	-11.3%	-35.0%	-	-	-	-23.5%
6M Excs Rtn	-18.1%	-31.5%	-60.4%	-	-	-	-31.5%
12M Excs Rtn	-8.4%	-33.6%	-81.9%	-	-	-	-33.6%
3Y Excs Rtn	-44.2%	-66.6%	-151.3%	-	-	-	-66.6%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/6/2025	2/19/2025	2/23/2024	3/1/2023	2/24/2022	2/26/2021	2/18/2020
Key Financials
Total Revenue	380	376	389	439	391	516	280
EBITDA	188	207	238	315	339	437	47
Operating Income	146	142	146	162	124	285	-64
Net Income	73	65	67	-296	-55	147	-63
EPS	0.67	0.59	0.63	-2.83	-0.53	1.77	-1.27
Growth Rates
Total Revenue Growth	10.5%	-3.3%	-11.4%	12.2%	-24.2%	84.2%	-31.0%
EBITDA Growth	3.6%	-13.2%	-24.6%	-6.9%	-22.4%	830.3%	-68.2%
Operating Income Growth	37.0%	-2.3%	-10.0%	30.0%	-56.5%	548.9%	-227.0%
Net Income Growth	77.7%	-4.1%	122.8%	-433.5%	-137.8%	334.7%	-21536.7%
Margins
EBITDA Margin	49.5%	54.9%	61.2%	71.9%	86.7%	84.7%	16.8%
Operating Income Margin	38.4%	37.8%	37.4%	36.8%	31.8%	55.3%	-22.7%
Net Income Margin	19.3%	17.2%	17.3%	-67.4%	-14.2%	28.4%	-22.3%
Cash & Debt
Total Cash	115	110	84	115	141	257	121
Total Debt	448	485	596	736	773	923	354
Net Debt / (Cash)	333	375	512	622	632	666	232
Cash Flows
Net Cash from Operations	206	212	153	183	235	428	169
Free Cash from Operations	186	190	146	170	221	369	156
Returns to Shareholders
Dividends	22	22	21	204	21	31	40
Share Repurchases	52	31	11	33	101	81	5

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/6/2025	8/7/2025	5/6/2025	2/19/2025	11/12/2024	8/7/2024	5/8/2024	2/23/2024	11/6/2023	8/7/2023	5/8/2023	3/1/2023
Key Financials Quarterly
Total Revenue	87	86	88	119	86	87	83	87	101	83	117	103
Ebitda	43	32	39	73	44	45	44	48	65	43	81	58
Operating Income	32	24	29	61	31	28	22	25	42	20	58	35
Net Income	9	17	12	36	19	8	1	13	24	1	29	74
EPS	0.08	0.15	0.11	0.33	0.18	0.08	0.01	0.12	0.23	0.01	0.27	0.65
Key Financials TTM
Total Revenue TTM	380	379	380	376	344	359	355	389	405	393	418	439
Ebitda TTM	188	189	201	207	182	203	201	238	248	245	281	315
Operating Income TTM	146	144	149	142	106	118	110	146	155	131	149	162
Net Income TTM	73	84	76	65	41	46	39	67	128	-285	-292	-296
Growth Rates Quarterly
Total Revenue Growth	1.4%	-1.8%	5.1%	37.2%	-15.1%	5.0%	-28.9%	-15.9%	13.6%	-22.8%	-15.3%	138.0%
EBITDA Growth	-1.2%	-28.0%	-11.9%	51.8%	-33.2%	4.1%	-45.0%	-16.8%	4.3%	-45.7%	-29.7%	-59.1%
Operating Income Growth	4.7%	-15.5%	28.7%	140.9%	-27.3%	39.1%	-61.4%	-26.8%	125.1%	-46.6%	-18.1%	-61.2%
Net Income Growth	-54.3%	99.5%	1214.1%	183.7%	-20.3%	490.7%	-96.9%	-82.8%	106.2%	125.2%	16.3%	606.4%
Margins Quarterly
EBITDA Margin	49.4%	37.9%	44.6%	61.5%	50.7%	51.7%	53.3%	55.6%	64.5%	52.1%	68.9%	56.2%
Operating Income Margin	36.9%	27.5%	32.7%	51.4%	35.7%	31.9%	26.7%	29.3%	41.7%	24.1%	49.2%	33.6%
Net Income Margin	10.1%	19.5%	13.5%	30.2%	22.4%	9.6%	1.1%	14.6%	23.9%	1.7%	24.7%	71.4%
Cash & Debt
Total Cash	115	116	117	110	89	94	89	84	82	84	82	115
Total Debt	448	458	469	485	534	545	556	596	619	634	653	736
Net Debt / (Cash)	333	342	352	375	445	451	467	512	537	549	571	622
Cash Flows Quarterly
FCF from Operations	18	23	57	107	14	23	67	39	21	29	63	41
Cash Flows TTM
FCF from Operations TTM	206	202	202	212	144	151	157	153	154	188	200	183
Returns to Shareholders Quarterly
Dividends	5	5	5	5	5	5	5	5	5	5	5	188
Share Repurchases	1	8	23	20	2	1	8	1	3	1	7	1
Return on Invested Capital (ROIC) Quarterly
ROIC	14.1%	21.5%	21.4%	37.0%	20.0%	13.2%	1.9%	14.5%	21.7%	4.0%	21.3%	16.6%
Return on Invested Capital (ROIC) TTM
ROIC TTM	28.3%	32.5%	27.9%	22.1%	16.1%	16.4%	14.7%	17.4%	21.3%	17.6%	19.3%	19.3%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Intellectual Property (IP) Licensing	389	439	391	516	82
Product segment				376	198
Total	389	439	391	892	280

Price Behavior

Price Behavior

Market Price	$12.56
Market Cap ($ Bil)	1.4
First Trading Date	02/23/2017
Distance from 52W High	-30.0%
	50 Days	200 Days
DMA Price	$15.10	$14.15
DMA Trend	up	down
Distance from DMA	-16.8%	-11.2%
	3M	1YR
Volatility	54.3%	49.6%
Downside Capture	230.09	146.98
Upside Capture	77.61	130.37
Correlation (SPY)	43.7%	52.2%

ADEA Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	2.06	1.94	1.98	2.15	1.31	1.31
Up Beta	3.89	2.32	2.30	2.65	1.00	1.11
Down Beta	1.89	2.26	2.49	2.80	1.59	1.44
Up Capture	-113%	31%	81%	138%	160%	209%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	6	17	28	61	120	378
Down Capture	300%	243%	211%	187%	125%	108%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	13	24	34	62	124	355

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of ADEA With Other Asset Classes (Last 1Y)
	ADEA	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	5.9%	25.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	49.5%	27.6%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	0.27	0.81	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		51.2%	52.1%	2.5%	16.7%	29.1%	36.7%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of ADEA With Other Asset Classes (Last 5Y)
	ADEA	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	7.2%	19.9%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	42.0%	24.6%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.30	0.73	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		40.6%	44.5%	2.5%	11.1%	28.8%	19.3%

Based On 10-Year Data

		Comparison of ADEA With Other Asset Classes (Last 10Y)
	ADEA	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-3.1%	22.2%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	47.9%	24.2%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.11	0.84	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		39.6%	42.3%	4.1%	16.0%	30.1%	14.3%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	3,543,569
Short Interest: % Change Since 10312025	22.4%
Average Daily Volume	1,353,241
Days-to-Cover Short Interest	2.62
Basic Shares Quantity	109,421,000
Short % of Basic Shares	3.2%

Returns Analyses

	Title
0	With Adeia Stock Sliding, Have You Assessed The Risk?

SEC Filings

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Report Date	Filing Date	Filing
9302025	11062025	10-Q 9/30/2025
6302025	8072025	10-Q 6/30/2025
3312025	5062025	10-Q 3/31/2025
12312024	2192025	10-K 12/31/2024
9302024	11122024	10-Q 9/30/2024
6302024	8072024	10-Q 6/30/2024
3312024	5082024	10-Q 3/31/2024
12312023	2232024	10-K 12/31/2023
9302023	11062023	10-Q 9/30/2023
6302023	8072023	10-Q 6/30/2023
3312023	5082023	10-Q 3/31/2023
12312022	3012023	10-K 12/31/2022
9302022	11092022	10-Q 9/30/2022
6302022	8082022	10-Q 6/30/2022
3312022	5092022	10-Q 3/31/2022
12312021	2242022	10-K 12/31/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Adeia (ADEA)

Market Price (12/4/2025): $12.62 | Market Cap: $1.4 BilSector: Information Technology | Industry: IT Consulting & Other Services

Adeia (ADEA)

Market Price (12/4/2025): $12.62Market Cap: $1.4 BilSector: Information TechnologyIndustry: IT Consulting & Other Services

Valuation, Metrics & Events

ADEA Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Adeia (ADEA)

Adeia (ADEA) Major Products and Services

Interactive Breakdown

Better Bets than Adeia (ADEA)

Latest Trefis Analyses

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Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

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1 Week Top Gainers

1 Week Top Losers

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FDIC Bank Data

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Bank Assets

Bank Loans

Financials

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Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (12/4/2025): $12.62 | Market Cap: $1.4 Bil
Sector: Information Technology | Industry: IT Consulting & Other Services

Market Price (12/4/2025): $12.62
Market Cap: $1.4 Bil
Sector: Information Technology
Industry: IT Consulting & Other Services