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
$381.98M
P/E (TTM)
79.0
36.4
Dividend Yield
--
52W High
$4.53
52W Low
$2.70
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
Q3 2025 Data
Revenue
$59.45M+155.02%
4-Quarter Trend
EPS
-$0.03-79.79%
4-Quarter Trend
FCF
$3.49M-43.70%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Revenue Surges 220% Total revenues reached $235.1M, up $161.6M (220%) driven by IP portfolio acquisitions and full period impact of recent deals.
Operating Income Rebounds Operating income was $19.5M, reversing prior $17.1M loss, reflecting strong segment performance across operations for nine months.
Net Income Attributable $18.3M Net income attributable to common stockholders was $18.3M, a $40.9M improvement from prior period loss for nine months.
IP Revenue Growth 301% Intellectual Property revenue grew $58.6M (301%) due to higher average license fees from recent portfolio additions.
Risk Factors
Patent Litigation Costs Rise Inventor royalties and contingent legal fees increased $19.3M (949% and 159% respectively) impacting Cost of Revenues.
Manufacturing Revenue Declines Industrial Operations revenue decreased $1.3M (6%) for nine months, driven by lower consumable product sales volume.
Acquisition Integration Uncertainty Inability to successfully integrate acquired businesses or retain key management poses ongoing operational risks.
Tariff and Trade Policy Risk Uncertainty regarding trade policy and tariffs may adversely affect Industrial and Manufacturing Operations results.
Outlook
Continue Strategic Acquisitions Intends to grow by acquiring operating businesses and intellectual property assets using cash or debt financing.
Benchmark Credit Facility Extended Benchmark Revolving Credit Facility maturity extended to April 2029 via Second Amendment signed November 2025.
Focus on Core Value Pillars Strategy centers on free cash flow generation, book value appreciation, and stock price growth execution.
Manage G&A Expenses Management focuses on streamlining costs, especially within Industrial Operations, despite acquisition-related G&A increases.
Peer Comparison
Revenue (TTM)
QUAD$2.50B
KODK$1.05B
$628.18M
Gross Margin (Latest Quarter)
86.0%
SPIR36.6%
KODK25.3%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| KODK | $606.36M | 109.4 | 0.7% | 26.5% |
| SPIR | $429.97M | 13.8 | 44.3% | 3.7% |
| ACTG | $381.98M | 79.0 | 0.9% | 13.4% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.8%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Next earnings:Mar 11, 2026
EPS:-
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 6, 2025|Revenue: $59.45M+155.0%|EPS: $-0.03-79.8%BeatForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 7, 2025|Revenue: $51.24M+98.3%|EPS: $-0.03-59.5%MeetForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 9, 2025|Revenue: $124.42M+411.6%|EPS: $0.25-13257.9%BeatForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Mar 17, 2025|Revenue: $122.31M-2.2%|EPS: $-0.36-150.7%MissForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 12, 2024|Revenue: $23.31M+131.2%|EPS: $-0.14+660.9%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 8, 2024|Revenue: $25.84M+226.9%|EPS: $-0.08-73.6%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 10, 2024|Revenue: $24.32M+64.3%|EPS: $-0.00-98.1%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Mar 15, 2024|Revenue: $125.10M+111.2%|EPS: $0.71+127.2%Beat