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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Revenue by Product Category and Timing of Recognition | The following table summarizes revenue by timing of recognition (in thousands):
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Recognized over time |  | $ | 320,219 |  |  | $ | 362,713 |  |  | $ | 410,865 |
Recognized at a point in time |  |  | 127,886 |  |  |  | 130,975 |  |  |  | 110,469 |
Total revenue |  | $ | 448,105 |  |  | $ | 493,688 |  |  | $ | 521,334 |
The following table summarizes revenue by product category (in thousands):
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Pay-TV |  | $ | 205,734 |  |  | $ | 259,712 |  |  | $ | 244,708 |
Consumer Electronics |  |  | 77,587 |  |  |  | 81,993 |  |  |  | 132,355 |
Connected Car |  |  | 124,339 |  |  |  | 111,144 |  |  |  | 94,864 |
Media Platform |  |  | 40,445 |  |  |  | 40,839 |  |  |  | 49,407 |
Total revenue |  | $ | 448,105 |  |  | $ | 493,688 |  |  | $ | 521,334 |
Schedule of Geographic Revenue Information | The following table summarizes revenue by geographic location (in thousands):
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | Amount |  |  | Percentage of Revenue |  |  | Amount |  |  | Percentage of Revenue |  |  | Amount |  |  | Percentage of Revenue |
U.S. and Canada (1) |  | $ | 233,481 |  |  |  | 52 | % |  | $ | 256,345 |  |  |  | 52 | % |  | $ | 293,849 |  |  |  | 56 | %
Asia Pacific |  |  | 143,231 |  |  |  | 32 |  |  |  | 150,654 |  |  |  | 31 |  |  |  | 152,248 |  |  |  | 29 |
Europe, Middle East and Africa |  |  | 43,329 |  |  |  | 10 |  |  |  | 46,442 |  |  |  | 9 |  |  |  | 41,113 |  |  |  | 8 |
Other |  |  | 28,064 |  |  |  | 6 |  |  |  | 40,247 |  |  |  | 8 |  |  |  | 34,124 |  |  |  | 7 |
Total revenue |  | $ | 448,105 |  |  |  | 100 | % |  | $ | 493,688 |  |  |  | 100 | % |  | $ | 521,334 |  |  |  | 100 | %
(1) For the year ended December 31, 2025, 2024, and 2023, the Company recognized $206.3 million, $237.8 million, and $268.0 million of revenue from the U.S., which represented 46%, 48%, and 51% of total revenue for the respective periods. A significant portion of the Company’s revenue is derived from licensees headquartered outside of the U.S., principally in Asia Pacific and Europe, the Middle East and Africa. Japan, which is part of Asia Pacific, contributed a significant amount of revenue, as shown in the following table (in thousands):
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | Amount |  |  | Percentage of Revenue |  |  | Amount |  |  | Percentage of Revenue |  |  | Amount |  |  | Percentage of Revenue |
Japan |  | $ | 73,869 |  |  |  | 16 | % |  | $ | 80,773 |  |  |  | 16 | % |  | $ | 83,138 |  |  |  | 16 | %
Schedule of Revenue Recognized in Period | The following table presents additional revenue disclosures (in thousands):
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Revenue recognized in the period from: |  |  |  |  |  |  |  |  |
Amounts included in deferred revenue at the beginning of the period |  | $ | 23,690 |  |  | $ | 25,202 |  |  | $ | 20,620 |
Performance obligations satisfied in previous periods (true ups, recoveries, and settlements) (1) |  | $ | 1,666 |  |  | $ | 9,999 |  |  | $ | 11,863 |
(1) True ups represent the differences between the Company’s quarterly estimates of per-unit royalty revenue and actual production/sales-based royalties reported by licensees that are generally received in the following period, and may include other changes in estimates. Recoveries represent corrections or revisions to previously reported per-unit royalties by licensees, generally resulting from the Company’s inquiries or compliance audits. Settlements represent resolutions of disputes or litigation during the period for past royalties owed.
Schedule of Remaining Performance Obligations | Company’s remaining performance obligations and the period over which they are expected to be recognized were as follows (in thousands):
Year Ending December 31: |  | Amounts |
2026 |  | $ | 63,275 |
2027 |  |  | 27,038 |
2028 |  |  | 15,872 |
2029 |  |  | 10,033 |
2030 |  |  | 7,153 |
Thereafter |  |  | 152 |
Total |  | $ | 123,523 |
Schedule of Allowance for Credit Losses | The following table presents the activity in the allowance for credit losses for the years ended December 31, 2025, 2024, and 2023 (in thousands):
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | Accounts Receivable |  |  | Unbilled Contracts Receivable |  |  | Accounts Receivable |  |  | Unbilled Contracts Receivable |  |  | Accounts Receivable |  |  | Unbilled Contracts Receivable |
Beginning balance |  | $ | 946 |  |  | $ | 499 |  |  | $ | 1,906 |  |  | $ | 190 |  |  | $ | 1,950 |  |  | $ | 369 |
Provision for credit losses |  |  | 2,221 |  |  |  | 664 |  |  |  | (172 | ) |  |  | 308 |  |  |  | 497 |  |  |  | 52 |
Recoveries/charge-off |  |  | (319 | ) |  |  | (12 | ) |  |  | (788 | ) |  |  | 1 |  |  |  | (541 | ) |  |  | (231 | )
Balance at end of period |  | $ | 2,848 |  |  | $ | 1,151 |  |  | $ | 946 |  |  | $ | 499 |  |  | $ | 1,906 |  |  | $ | 190 |

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