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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $54.24M | - | $59.45M | $51.24M | $124.42M | - | $23.31M | $25.84M | $24.32M | - |
| Cost of Revenue | $42.18M | - | $46.84M | $44.70M | $65.48M | - | $20.96M | $19.08M | $12.37M | - |
| Gross Profit | $12.05M | - | $12.60M | $6.54M | $58.94M | - | $2.35M | $6.76M | $11.96M | - |
| R&D | - | - | - | - | - | - | $108.0K | $178.0K | $134.0K | - |
| SG&A | $17.29M | - | $15.95M | $15.55M | $17.32M | - | $11.12M | $9.95M | $12.35M | - |
| Total Operating Expenses | $62.60M | - | $65.87M | $63.62M | $86.12M | - | $33.58M | $30.60M | $26.41M | - |
| D&A | $8.49M | - | - | - | $10.61M | - | - | - | $4.57M | - |
| Operating Income | ($8.36M) | - | ($6.43M) | ($12.38M) | $38.30M | - | ($10.27M) | ($4.76M) | ($2.09M) | - |
| Interest Expense | $1.89M | - | $2.23M | $2.33M | $2.45M | - | $0 | $0 | $0 | - |
| Income Tax | ($2.56M) | - | ($968.0K) | $547.0K | $6.08M | - | $5.50M | ($7.06M) | ($1.11M) | - |
| Net Income | ($15.74M) | - | ($2.73M) | ($3.29M) | $24.29M | - | ($14.00M) | ($8.45M) | ($186.0K) | - |
| EPS - Basic | ($0.16) | - | ($0.03) | ($0.03) | $0.25 | - | ($0.14) | ($0.08) | $0.00 | - |
| EPS - Diluted | ($0.16) | - | ($0.03) | ($0.03) | $0.25 | - | ($0.14) | ($0.08) | $0.00 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $307.51M | $306.72M | $301.78M | $316.72M | $271.96M | $273.88M | $360.05M | $386.99M | $438.76M | $340.09M |
| Accounts Receivable | $28.69M | $26.16M | $27.14M | $23.37M | $95.72M | $26.91M | $10.73M | $18.77M | $15.37M | $80.56M |
| Inventory | $23.42M | $26.56M | $26.49M | $25.72M | $26.26M | $27.48M | $12.22M | $12.29M | $9.88M | $10.92M |
| Accounts Payable | $11.43M | $13.36M | $13.33M | $10.97M | $12.46M | $12.07M | $5.26M | $3.19M | $4.70M | $3.26M |
| Current Assets | $431.11M | $450.09M | $440.64M | $443.99M | $464.63M | $420.15M | $457.65M | $493.93M | $553.15M | $554.51M |
| Total Assets | $755.87M | $770.96M | $768.87M | $775.55M | $801.61M | $756.39M | $707.57M | $753.59M | $631.73M | $633.54M |
| Current Liabilities | $50.36M | $49.04M | $51.05M | $50.44M | $75.49M | $47.24M | $27.92M | $44.20M | $25.85M | $27.64M |
| Long-term Debt | $91.03M | $91.90M | - | - | - | - | - | - | - | - |
| Total Liabilities | $188.65M | $186.92M | $192.03M | $198.07M | $224.35M | $203.78M | $129.01M | $156.85M | $42.12M | $43.94M |
| Stockholders' Equity | $528.50M | $543.45M | $537.61M | $538.58M | $540.23M | $514.83M | $540.18M | $560.70M | $568.26M | $568.27M |
| Retained Earnings | ($269.85M) | ($254.10M) | ($257.52M) | ($254.79M) | ($251.50M) | ($275.79M) | ($262.36M) | ($248.36M) | ($239.91M) | ($239.73M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.40M | - | - | - | $2.42M | - | - | - | $54.84M | - |
| Investing Cash Flow | ($982.0K) | - | - | - | $1.04M | - | - | - | $42.04M | - |
| Financing Cash Flow | ($1.90M) | - | - | - | ($6.07M) | - | - | - | $1.83M | - |
| CapEx | - | - | - | - | $2.09M | - | - | - | $270.0K | - |
| Free Cash Flow | - | - | - | - | $335.0K | - | - | - | $54.57M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 22.2% | - | 21.2% | 12.8% | 47.4% | - | 10.1% | 26.2% | 49.2% | - |
| Operating margin | -15.4% | - | -10.8% | -24.2% | 30.8% | - | -44.1% | -18.4% | -8.6% | - |
| EBITDA margin | 0.2% | - | - | - | 39.3% | - | - | - | 10.2% | - |
| Net margin | -29.0% | - | -4.6% | -6.4% | 19.5% | - | -60.0% | -32.7% | -0.8% | - |
| Free cash flow margin | - | - | - | - | 0.3% | - | - | - | 224.4% | - |
| FCF / Net income | - | - | - | - | 0.01 | - | - | - | -293.38 | - |
| R&D / Revenue | - | - | - | - | - | - | 0.5% | 0.7% | 0.6% | - |
| SG&A / Revenue | 31.9% | - | 26.8% | 30.3% | 13.9% | - | 47.7% | 38.5% | 50.8% | - |
| Effective tax rate | - | - | - | - | 20.0% | - | - | - | - | - |
| Return on assets | -2.1% | - | -0.4% | -0.4% | 3.0% | - | -2.0% | -1.1% | -0.0% | - |
| Return on equity | -3.0% | - | -0.5% | -0.6% | 4.5% | - | -2.6% | -1.5% | -0.0% | - |
| Return on invested capital | -1.1% | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 8.56 | 9.18 | 8.63 | 8.80 | 6.16 | 8.89 | 16.39 | 11.17 | 21.40 | 20.06 |
| Quick ratio | 8.09 | 8.64 | 8.11 | 8.29 | 5.81 | 8.31 | 15.95 | 10.90 | 21.02 | 19.67 |
| Cash ratio | 6.11 | 6.25 | 5.91 | 6.28 | 3.60 | 5.80 | 12.90 | 8.75 | 16.98 | 12.31 |
| Leverage | ||||||||||
| Debt / Equity | 0.17 | 0.17 | - | - | - | - | - | - | - | - |
| Debt / Assets | 0.12 | 0.12 | - | - | - | - | - | - | - | - |
| Debt / EBITDA | 700.24 | - | - | - | - | - | - | - | - | - |
| Interest coverage | -4.4x | - | -2.9x | -5.3x | 15.6x | - | - | - | - | - |
| Equity multiplier | 1.43 | 1.42 | 1.43 | 1.44 | 1.48 | 1.47 | 1.31 | 1.34 | 1.11 | 1.11 |
| Liabilities / Assets | 0.25 | 0.24 | 0.25 | 0.26 | 0.28 | 0.27 | 0.18 | 0.21 | 0.07 | 0.07 |
| Efficiency | ||||||||||
| Asset turnover | 0.07 | - | 0.08 | 0.07 | 0.16 | - | 0.03 | 0.03 | 0.04 | - |
| Inventory turnover | 1.80 | - | 1.77 | 1.74 | 2.49 | - | 1.72 | 1.55 | 1.25 | - |
| Days sales outstanding | 193d | - | 167d | 166d | 281d | - | 168d | 265d | 231d | - |
| Days inventory outstanding | 203d | - | 206d | 210d | 146d | - | 213d | 235d | 292d | - |
| Days payable outstanding | 99d | - | 104d | 90d | 69d | - | 92d | 61d | 139d | - |
| Cash conversion cycle | 297d | - | 269d | 287d | 358d | - | 289d | 439d | 384d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | 12.8x | - | - | - | - | - |
| P / B | 0.9x | - | 0.6x | 0.6x | 0.6x | - | 0.9x | 0.9x | 0.9x | - |
| P / S | 8.6x | - | 5.3x | 6.7x | 2.5x | - | 20.0x | 19.4x | 21.9x | - |
| EV / EBITDA | 1904.8x | - | - | - | 0.8x | - | - | - | 37.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -56.4% | - | 155.0% | 98.3% | 411.6% | - | 131.2% | 226.9% | 64.3% | - |
| Revenue CAGR (3y) | 54.2% | - | 55.3% | 45.3% | 109.6% | - | 145.2% | 14.1% | 61.2% | - |
| Revenue CAGR (5y) | 56.4% | - | 25.0% | 56.5% | 100.8% | - | 68.6% | 36.5% | 48.3% | - |
| Gross profit growth (YoY) | -79.5% | - | 436.1% | -3.2% | 393.0% | - | 892.0% | - | 146.7% | - |
| Operating income growth (YoY) | - | - | 37.4% | -160.3% | - | - | 33.4% | 62.0% | 77.6% | - |
| Net income growth (YoY) | - | - | 80.5% | 61.0% | - | - | - | 55.0% | - | - |
| EPS growth (YoY) | - | - | 78.6% | 62.5% | - | - | -366.7% | 77.8% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | -99.4% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -2.2% | 5.6% | -0.5% | -3.9% | -4.9% | -9.4% | 9.7% | 72.8% | 64.9% | 120.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$285.23M totalManufacturing 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 totalIntellectual 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 totalUS$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%
Peer comparison
Same SIC group: Patent Owners & Lessors
Comparing ACACIA RESEARCH CORP against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per 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 |