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Adeia (ADEA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Adeia
NasdaqGS•Technology•Software - Application
$24.82-0.10(<0.01%)Market closed
Market Cap
$2.73B
P/E
22.3x
P/S
5.8x
P/B
5.7x

Adeia Inc., together with its subsidiaries, operates as a media and semiconductor intellectual property licensing platform company in the United States, Asia, Canada, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers, such as subscription video-on-demand and free advertising-supported streaming service providers, providers that offer online services and devices that enable internet streaming and downloading of movies, television shows, music and other types of media content, as well as content providers, networks, and media companies. It also licenses consumer electronics manufacturers, which includes producers of smart televisions, streaming media devices, video game consoles, mobile devices, content storage devices, and other connected media devices; semiconductors, including providers of memory, logic, sensors, and radio frequency devices; and social media companies that allow users to stream and upload user-generated content. The company licenses its intellectual properties under the Adeia brand. The company was formerly known as Xperi Holding Corporation and changed its name to Adeia Inc. The company was incorporated in 2019 and is headquartered in San Jose, California.

A

How this company scores

ExcellentMetricSide Score: 81/100

Strongest: Growth (24/25); weakest: Balance Sheet & Red Flags (17/25).

Profitability22/25
Growth24/25
Balance Sheet & Red Flags17/25
Cash & Earnings Quality18/25
Strengths
Growing revenueStrong marginsHigh ROERising earnings

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 22.3x5y range 8.4x – 34.8x
P/E 22.3x · near its 13-quarter median

Currently near its 13-quarter median.

P/S · 5.8x5y range 1.1x – 35.2x
P/S 5.8x · above its 20-quarter median

Currently above its 20-quarter median.

P/B · 5.7x5y range 1.0x – 5.7x
Price & Volume
Market Cap $2.73B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$470.87M
4Q
Q. Revenue
$96.12M
2Q
TTM EBITDA
$197.90M
3Q
TTM Op. Income
$195.97M
3Q
Q. Op. Income
$25.37M
2Q
TTM Net Income
$122.68M
3Q
Q. Net Income
$17.37M
2Q
EPS
$0.16
2Q
Shares Out.
$110.22M
2Q
$470.87M in TTM revenue grew 24.3% YoY, reaching $96.12M last quarter. TTM EBITDA of $197.90M and TTM operating income of $195.97M show growth is flowing through to the bottom line. TTM net income of $122.68M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
26.9%
2Q
Op. Margin
26.4%
2Q
Net Margin
18.1%
2Q
Op. margin of 26.4% is up 7.3% YoY — cost efficiency is improving. Net margin at 18.1% Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
22.3x
2Q
P/S Ratio
5.8x
2Q
P/B Ratio
5.7x
2Q
At 22.3x P/E, the stock trades within typical market levels. P/S of 5.8x and P/B of 5.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$1.01B
6%
Cash
$72.78M
14%
Long-Term Debt
$365.03M
7Q
Book Value
$477.19M
18%
D/E Ratio
0.8
7Q
Debt/EBITDA
14.1
2Q
With $1.01B in assets and $365.03M in long-term debt, D/E is 0.8and book value is $477.19M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$54.63M
2Q
TTM Free Cash Flow
$188.57M
2Q
FCF Margin
40.0%
25%
FCF / Net Income
1.5
36%
TTM FCF of $188.57M on $54.63M in operating cash flow. The FCF / Net Income ratio of 1.5x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.

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· above its 20-quarter median

Currently above its 20-quarter median.