v3.25.1
Revenue
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Disaggregated Revenue
The following table presents the disaggregation of our revenue for the three months ended March 31, 2025 and 2024 (in thousands):
Three Months Ended March 31,
 20252024
Increase/(Decrease)
Smartphone$183,991 $80,280 $103,711 129 %
CE, IoT/Auto26,267 182,543 (156,276)(86)%
Other249 719 (470)(65)%
Total Revenues
$210,507 $263,542 $(53,035)(20)%
Catch-up revenues (a), included above
$84,785 $166,678 $(81,893)(49)%
(a)    Catch-up revenues represent revenue associated with reporting periods prior to the execution of the license agreement.
During the three months ended March 31, 2025, we recognized $68.6 million of revenue that had been included in deferred revenue as of the beginning of the period. As of March 31, 2025, we had contract assets of $190.9 million included within "Accounts receivable" and $3.0 million included within "Other non-current assets, net" in the condensed consolidated balance sheet. As of December 31, 2024, we had contract assets of $162.8 million included within "Accounts receivable" in the condensed consolidated balance sheet.
Contracted Revenue
Based on contracts signed and committed as of March 31, 2025, we expect to recognize the following revenue from dynamic fixed-fee royalty payments over the term of such contracts (in thousands):
Revenue (a)
Remainder of 2025$341,744 
2026362,495 
2027350,978 
2028259,821 
2029206,185 
Thereafter179,697 
Total Revenue$1,700,920 
(a)    This table includes estimated revenue related to our Samsung and Lenovo arbitrations. In accordance with ASC 606, these estimates are limited to the amount of revenue we expect to recognize only to the extent we believe it is probable that a subsequent change in the estimate would not result in a significant revenue reversal.