Acacia Research Corporation
NASDAQ•ACTG
CEO: Mr. Martin D. McNulty Jr.
Sector: Industrials
Industry: Specialty Business Services
Listing Date: 2002-12-16
Acacia Research Corporation focuses on acquiring and managing companies across technology, energy, and industrials verticals. The company operates through three segments, Intellectual Property Operations, Industrial Operations, and Energy Operations. The Intellectual Property Operations segment invests in IP and related absolute return assets; and engages in the licensing and enforcement of patented technologies. The Industrial Operations segment designs and manufactures printers and consumable products for various industrial printing applications. The Energy Operations segment engages in the acquisition, exploration, development, and production of oil and natural gas resources located in Texas and Oklahoma. Acacia Research Corporation was incorporated in 1993 and is headquartered in New York, New York.
Contact Information
Market Cap
$452.04M
P/E (TTM)
-24.6
35
Dividend Yield
--
52W High
$5.27
52W Low
$3.12
52W Range
Rank46Top 59.5%
3.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q1 2026 Data
Revenue
$54.24M+0.00%
4-Quarter Trend
EPS
-$0.16+0.00%
4-Quarter Trend
FCF
-$5.79M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Significant Revenue and Profit Turnaround Total revenues surged 133% to $285.2M in 2025; achieved net income of $21.7M, reversing prior $36.1M loss.
Intellectual Property Revenue Milestone Generated cumulative gross licensing revenue of approximately $1.9B; returned $898.2M to patent partners through 2025.
Energy Reserves Increased 31% Benchmark proved reserves grew 31% to 33,003 MBoe by year-end 2025, driven by development plan adoption.
Manufacturing Revenue Boost Manufacturing operations revenue increased $91.6M due to full year impact from Deflecto acquisition in Q4 2024.
Risk Factors
Acquisition Integration Challenges Remain Success depends on timely integration and realizing synergies; integration costs could exceed anticipated benefits materially.
Energy Price Volatility Exposure Declining oil/gas prices could render assets uneconomic, leading to asset write-downs and impacting borrowing base capacity.
Patent Litigation Cost Uncertainty Patent enforcement is costly and complex; adverse rulings or appeals could exhaust resources and impair asset monetization.
Starboard Voting Power Concentration Starboard controls 63.4% voting power, potentially conflicting with other stockholders' interests regarding corporate decisions.
Outlook
Focus on Value-Oriented Acquisitions Continue disciplined strategy focusing on acquiring undervalued businesses across industrial, energy, and technology sectors.
Benchmark Development Plan Execution Benchmark adopted 2026 development plan; first horizontal well spud in December 2025 expected to produce in Q1 2026.
Opportunistic IP Capital Deployment Remain open to deploying additional capital into the IP business as attractive patent portfolio opportunities become available.
Internal Control Weakness Remediation Material weakness related to Benchmark ITGCs was remediated by year-end 2025; controls deemed effective as of 12/31/2025.
Peer Comparison
Revenue (TTM)
$2.37B
$1.47B
$1.09B
Gross Margin (Latest Quarter)
91.1%
69.8%
39.8%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| KODK | $941.84M | -6.3 | -18.3% | 12.7% |
| SPIR | $593.14M | 12.5 | 0.2% | 4.3% |
| PANL | $502.39M | 14.2 | 8.1% | 37.9% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.9%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data