Adeia Inc. announced its financial results for the second quarter ended June 30, 2025, reporting revenue of $85.7 million, consistent with expectations. The company closed five deals during the quarter, including three with new customers in key growth verticals such as semiconductors, e-commerce, and OTT. GAAP net income saw a significant boost, reaching $16.722 million, up 99.5% year-over-year.
A major operational milestone was the introduction of RapidCool™, a revolutionary direct-to-chip liquid cooling technology designed for high-performance semiconductors. This innovation targets AI and other compute-intensive applications, addressing escalating thermal challenges in the industry. The company's recurring revenue grew by 3.4% year-over-year to $85.1 million, with non-Pay-TV recurring revenue increasing by 28% year-over-year.
Adeia continued its disciplined capital allocation, making $11.1 million in principal payments towards its term loan, bringing the outstanding balance to $458.9 million. The company has paid down over $300 million on its term loan since its separation. The quarterly dividend of $0.05 per share was maintained. Adeia reiterated its full-year 2025 revenue outlook, while updating certain other items, including lower operating expenses in the range of $160 million to $166 million (non-GAAP) and reduced interest expense guidance of $40 million to $42 million.
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