Near-Term OutlookThe table below presents the company's current and prior outlook for the third quarter 2025. Footnotes1 Annualized recurring revenue ("ARR") for any quarter is defined as total revenue for the quarter less catch-up revenue for the quarter, multiplied by four. 2 Adjusted EBITDA is a supplemental non-GAAP financial measure that InterDigital believes provides investors with important insight into the Company's ongoing business performance. 3 Non-GAAP net income, Non-GAAP EPS, and Non-GAAP weighted-average diluted shares are supplemental non-GAAP financial measures that InterDigital believes provides investors with important insight into the Company's ongoing business performance. InterDigital's computation of these non-GAAP financial measures might not be comparable to similarly named measures reported by other companies.