Adeia ADEA

Entertainment, Communication Services

$21.21

−0.28%

Market cap: $2.3B
PE: 19.6×; 6y median 21.0×
Forward PE: n/m; not a meaningful number
Price to sales: 5.0×
EV/EBIT: 13.2×
Revenue, 12 months: $470.9M; +24% on a year ago
Net margin: 26.1%
Free cash flow yield: 8.1%

Adeia trades at 19.6× trailing earnings, near its ten-year median. Revenue was $470.9M over the last twelve months, up 24% on a year earlier with a 26% net margin.

Charts

Financials

Income statement for ADEA, by quarter
Income statement	Q3 FY23	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$101.4M+14%	$86.9M−16%	$83.4M−29%	$87.3M+5%	$86.1M−15%	$119.2M+37%	$87.7M+5%	$85.7M−2%	$87.3M+1%	$182.6M+53%	$104.8M+20%	$96.1M+12%
Cost of revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Gross profit	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
R&D	$13.8M+19%	$14.4M+16%	$13.9M+7%	$14.8M+13%	$14.8M+8%	$16M+12%	$16.5M+18%	$15.9M+7%	$16M+8%	$19.2M+19%	$18.2M+11%	$18.3M+16%
SG&A	$21.9M−37%	$24M−25%	$24M+5%	$24.6M−7%	$26.9M+23%	$27.9M+16%	$28.4M+18%	$32.1M+31%	$24.9M−7%	$34.1M+22%	$29.8M+5%	$31M−4%
	$40.1M+157%	$23.3M−30%	$19.4M−65%	$23.6M+33%	$28.1M−30%	$57.5M+147%	$22.8M+18%	$16.4M−31%	$27M−4%	$108.8M+89%	$34.8M+53%	$25.4M+55%
Interest expense	$15.7M+26%	$15.4M+3%	$14.2M−11%	$13.3M−14%	$12.8M−19%	$12.3M−20%	$10.6M−25%	$10.2M−23%	$10.1M−21%	$9.4M−23%	$8.5M−20%	$8M−21%
Pre-tax income	$25.9M+539%	$9.4M−49%	$6.6M−84%	$11.3M+198%	$16.8M−35%	$46.5M+393%	$13.9M+111%	$7.6M−33%	$18.4M+10%	$101M+117%	$28M+101%	$19M+149%
	$1.7M−84%	−$3.3M−94%	$5.7M−52%	$2.9M+23%	−$2.5M	$10.5M	$2.1M−63%	−$9.1M	$9.6M	$27.3M+161%	$5.2M+150%	$1.6M
Net income	$24.2M	$12.7M−83%	$899K−97%	$8.4M+491%	$19.3M−20%	$36M+184%	$11.8M+1214%	$16.7M+100%	$8.8M−54%	$73.7M+105%	$22.8M+93%	$17.4M+4%
	$0.21	$0.11−83%	$0.01−96%	$0.07+600%	$0.17−19%	$0.32+191%	$0.10+900%	$0.15+114%	$0.08−53%	$0.65+103%	$0.20+100%	$0.15+0%
	112.9M+8%	113.1M−0%	113M−0%	112.5M−0%	113.1M+0%	113.6M+0%	113M+0%	112.2M−0%	112.8M−0%	113M−1%	114.2M+1%	114.4M+2%

Revenue: Q1 FY19 and Q1 FY20: 6 months less the 3 months printed beside them.

Cost of revenue: Q1 FY19 and Q1 FY20: 6 months less the 3 months printed beside them.

Gross profit: Q1 FY19 and Q1 FY20: 6 months less the 3 months printed beside them. 13 periods, Q2 FY19 to Q3 FY22: not printed by the filing, worked out from its own lines.

R&D: Q1 FY19: 6 months less the 3 months printed beside them.

SG&A: Q1 FY19: 6 months less the 3 months printed beside them.

Operating income: Q1 FY19 and Q1 FY20: 6 months less the 3 months printed beside them.

Interest expense: Q1 FY19 and Q1 FY20: 6 months less the 3 months printed beside them.

Pre-tax income: Q1 FY19 and Q1 FY20: 6 months less the 3 months printed beside them.

Income tax: Q1 FY19 and Q1 FY20: 6 months less the 3 months printed beside them.

Net income: Q1 FY19 and Q1 FY20: 6 months less the 3 months printed beside them.

EPS, diluted: 7 periods, Q1 FY19 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q1 FY19: share-days: the 6-month average less the second quarter's. Q4 FY19: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. Q4 FY20: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution. 3 periods, Q4 FY23 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Entertainment nearest Adeia's size, closest first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
ADEAAdeia	$2.3B	19.6×	21.0×	5.0×	+24%	26.1%
PRSUPursuit Attractions & Hospitality	$1.5B	41.3×	36.3×	3.1×	+26%	7.9%
MSGEMadison Square Garden Entertainment	$3.7B	56.4×	33.0×	3.5×	+13%	6.2%
RSIRush Street Interactive	$3.7B	61.2×	95.1×	2.7×	+34%	2.3%
PRKSUnited Parks & Resorts	$1.4B	11.9×	14.2×	0.8×	−4%	8.1%
CNKCinemark	$4.6B	21.9×	17.1×	1.4×	+5%	6.4%
NXSTNexstar Media	$5.2B	32.2×	10.8×	0.9×	+11%	3.2%
MTNVail Resorts	$5.2B	35.4×	32.2×	1.8×	−4%	5.2%
CHDNChurchill Downs	$5.8B	14.4×	22.6×	2.0×	+6%	13.8%
SBGISinclair	$896M	16.3×	15.2×	0.3×	−6%	1.6%
ACELAccel Entertainment	$893.1M	16.4×	21.1×	0.6×	+9%	4.1%
Peer median	$3.7B	27.0×	21.9×	1.6×	+7%	5.7%