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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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 item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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 item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 29.6% | 24.2% | 57.8% | 36.9% | - | 16.6% |
| Operating margin | 2.2% | -26.9% | 16.7% | -67.7% | 48.8% | -65.5% |
| EBITDA margin | 17.4% | 0.5% | 28.5% | -44.9% | 65.0% | -49.4% |
| Net margin | 7.6% | -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 | -0.34 | 0.30 | 0.09 | -0.17 |
| R&D / Revenue | - | - | 0.6% | 1.1% | 0.0% | - |
| SG&A / Revenue | 22.8% | 45.3% | 34.9% | 89.0% | 119.8% | 82.2% |
| Effective tax rate | 24.0% | - | -2.3% | - | 14.0% | -1.0% |
| Return on assets | 2.8% | -4.8% | 10.6% | -25.9% | 18.7% | 22.0% |
| Return on equity | 4.0% | -7.0% | 11.8% | -48.4% | 35.6% | 40.3% |
| Return on invested capital | 0.8% | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 9.18 | 8.89 | 20.06 | 4.91 | 3.65 | 3.67 |
| Quick ratio | 8.64 | 8.31 | 19.67 | 4.74 | 3.65 | 3.67 |
| Cash ratio | 6.25 | 5.80 | 12.31 | 3.30 | 1.54 | 1.33 |
| Leverage | ||||||
| Debt / Equity | 0.17 | - | - | - | - | - |
| Debt / Assets | 0.12 | - | - | - | - | - |
| Debt / EBITDA | 1.85 | - | - | - | - | - |
| Interest coverage | 0.7x | -5.1x | 10.8x | -6.2x | 1.8x | -3.3x |
| Equity multiplier | 1.42 | 1.47 | 1.11 | 1.87 | 1.90 | 1.83 |
| Liabilities / Assets | 0.24 | 0.27 | 0.07 | 0.40 | 0.44 | 0.41 |
| Efficiency | ||||||
| Asset turnover | 0.37 | 0.16 | 0.20 | 0.12 | 0.04 | 0.06 |
| Inventory turnover | 7.56 | 3.37 | 4.84 | 2.54 | - | - |
| Days sales outstanding | 33d | 80d | 235d | 51d | 117d | 6d |
| Days inventory outstanding | 48d | 108d | 75d | 144d | - | - |
| Days payable outstanding | 24d | 48d | 23d | 61d | - | 15d |
| Cash conversion cycle | 57d | 141d | 288d | 134d | - | - |
| Valuation | ||||||
| P / E | 17.0x | - | 6.8x | - | 2.7x | 2.6x |
| P / B | 0.7x | 0.8x | 0.6x | 0.7x | 1.2x | 0.8x |
| P / S | 1.3x | 3.5x | 2.9x | 3.0x | 17.0x | 7.6x |
| EV / EBITDA | 3.0x | 241.8x | 0.6x | - | 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 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%
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
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 |