CoverageForm 410-K10-Q8-K13D13G13F

ACTG · Acacia Research Corp - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · ACTG

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$285.23M$122.31M$125.10M$59.22M$29.78M$29.78M
Cost of Revenue$200.75M$92.66M$52.83M$36.10M-$24.82M
Gross Profit$84.48M$29.65M$72.27M$21.84M-$4.96M
R&D--$735.0K$626.0K$0-
SG&A$65.12M$55.36M$43.69M$52.68M$35.67M$24.48M
Total Operating Expenses$278.82M$155.24M$104.17M$99.31M$49.30M-
D&A$43.35M$33.57M$14.73M$13.51M$4.80M$4.80M
Operating Income$6.41M($32.93M)$20.94M($40.09M)$14.54M($19.52M)
Interest Expense$8.99M$6.44M$1.93M$6.43M$7.92M$5.92M
Income Tax$6.84M($3.45M)($1.50M)($16.21M)$24.29M($1.16M)
Net Income$21.68M($36.06M)$67.06M($125.06M)$149.20M$113.44M
EPS - Basic$0.23($0.36)$0.73($3.13)$2.43$1.85
EPS - Diluted$0.22($0.36)$0.58($3.13)$1.91$1.54

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$306.72M$273.88M$340.09M$287.79M$308.94M$165.55M
Accounts Receivable$26.16M$26.91M$80.56M$8.23M$9.52M$506.0K
Inventory$26.56M$27.48M$10.92M$14.22M$0-
Accounts Payable$13.36M$12.07M$3.26M$6.04M$5.44M$1.02M
Current Assets$450.09M$420.15M$554.51M$427.99M$730.68M$457.67M
Total Assets$770.96M$756.39M$633.54M$482.93M$798.86M$515.52M
Current Liabilities$49.04M$47.24M$27.64M$87.21M$200.19M$124.82M
Long-term Debt$91.90M-----
Total Liabilities$186.92M$203.78M$43.94M$193.68M$353.63M$212.07M
Stockholders' Equity$543.45M$514.83M$568.27M$258.28M$419.43M$281.49M
Retained Earnings($254.10M)($275.79M)($239.73M)($306.79M)($181.72M)($326.71M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$75.24M$50.12M($22.51M)($37.34M)$13.33M($19.62M)
Investing Cash Flow($21.01M)($212.96M)$16.18M$184.46M$35.75M$18.60M
Financing Cash Flow($22.73M)$97.56M$58.63M($166.14M)$59.74M$109.21M
CapEx-$148.67M$189.0K$732.0K$91.0K$199.0K
Free Cash Flow-($98.55M)($22.70M)($38.07M)$13.23M($19.82M)

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin29.6%24.2%57.8%36.9%-16.6%
Operating margin2.2%-26.9%16.7%-67.7%48.8%-65.5%
EBITDA margin17.4%0.5%28.5%-44.9%65.0%-49.4%
Net margin7.6%-29.5%53.6%-211.2%501.0%380.9%
Free cash flow margin--80.6%-18.1%-64.3%44.4%-66.5%
FCF / Net income-2.73-0.340.300.09-0.17
R&D / Revenue--0.6%1.1%0.0%-
SG&A / Revenue22.8%45.3%34.9%89.0%119.8%82.2%
Effective tax rate24.0%--2.3%-14.0%-1.0%
Return on assets2.8%-4.8%10.6%-25.9%18.7%22.0%
Return on equity4.0%-7.0%11.8%-48.4%35.6%40.3%
Return on invested capital0.8%-----
Liquidity
Current ratio9.188.8920.064.913.653.67
Quick ratio8.648.3119.674.743.653.67
Cash ratio6.255.8012.313.301.541.33
Leverage
Debt / Equity0.17-----
Debt / Assets0.12-----
Debt / EBITDA1.85-----
Interest coverage0.7x-5.1x10.8x-6.2x1.8x-3.3x
Equity multiplier1.421.471.111.871.901.83
Liabilities / Assets0.240.270.070.400.440.41
Efficiency
Asset turnover0.370.160.200.120.040.06
Inventory turnover7.563.374.842.54--
Days sales outstanding33d80d235d51d117d6d
Days inventory outstanding48d108d75d144d--
Days payable outstanding24d48d23d61d-15d
Cash conversion cycle57d141d288d134d--
Valuation
P / E17.0x-6.8x-2.7x2.6x
P / B0.7x0.8x0.6x0.7x1.2x0.8x
P / S1.3x3.5x2.9x3.0x17.0x7.6x
EV / EBITDA3.0x241.8x0.6x-10.1x-
Growth
Revenue growth (YoY)133.2%-2.2%111.2%98.9%0.0%164.8%
Revenue CAGR (3y)68.9%60.1%61.4%74.0%-39.0%-
Revenue CAGR (5y)57.1%61.2%-1.0%---
Gross profit growth (YoY)184.9%-59.0%231.0%---
Operating income growth (YoY)-----16.7%
Net income growth (YoY)----31.5%-
EPS growth (YoY)----24.0%-
EPS CAGR (3y)---27.8%---
EPS CAGR (5y)-32.2%-----
FCF growth (YoY)--334.2%40.4%---695.6%
FCF CAGR (5y)-----17.2%-
Book value growth (YoY)5.6%-9.4%120.0%-38.4%49.0%62.6%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$285.23M total
Manufacturing Operations$114.79M · 40.2%
Intellectual Property Operations$78.36M · 27.5%
Energy Operations$63.82M · 22.4%
Industrial Operations$28.27M · 9.9%

Product / service

$498.48M total
Intellectual Property Operations$78.36M · 15.7%
License Fees$78.36M · 15.7%
Paid Up Revenue Agreements$76.86M · 15.4%
Transportation Safety$42.57M · 8.5%
Air Distribution$37.59M · 7.5%
Office Storage And Display Solutions$34.64M · 6.9%
Oil Reserves$28.52M · 5.7%
Industrial Operations$28.27M · 5.7%
Printers And Parts$28.27M · 5.7%
Printers Consumables And Parts$25.10M · 5.0%
Natural Gas Reserves$18.19M · 3.6%
Natural Gas Liquids Reserves$15.09M · 3.0%
Service$3.17M · 0.6%
Service Other$2.02M · 0.4%
Recurring Revenue Agreements$1.49M · 0.3%

Geographic

$157.16M total
US$74.41M · 47.3%
Americas$74.41M · 47.3%
EMEA$3.00M · 1.9%
IN$1.99M · 1.3%
Canada And Latin America$1.46M · 0.9%
Asia Pacific$942.0K · 0.6%
CN$490.0K · 0.3%
Asia Pacific Excluding China And India$452.0K · 0.3%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

1.71
Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

8/9
Strong
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • -Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Patent Owners & Lessors

CompanyRevenue (last FY)Net marginROE
IDCC$834.01M48.8%36.9%
APPS$565.25M-6.7%-19.6%
DLB$1.35B18.9%9.7%
FRG$4.40B-1.6%-16.3%
JYNT--19.3%

Comparing ACACIA RESEARCH CORP against the 5 most active filers in the same SIC group.

Dividends

$0.00/share trailing 12 months

Ex-datePer share
Nov 4, 2015$0.1250
Aug 3, 2015$0.1250
Apr 30, 2015$0.1250
Feb 26, 2015$0.1250
Oct 30, 2014$0.1250
Jul 31, 2014$0.1250
Apr 29, 2014$0.1250
Feb 27, 2014$0.1250
Oct 30, 2013$0.1250
Jul 30, 2013$0.1250
May 1, 2013$0.1250