NASDAQ : ACTG

Acacia Research Corporation — Financial statements

Industrials · Business Equipment & Supplies · United States

Last price 4.33 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 422.55M

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Financial statements

Acacia Research Corporation (ACTG) reported revenue of 278.37M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Revenue278.37M285.23M122.31M125.10M59.22M88.05M
Cost of Revenue216.67M200.75M92.66M52.83M37.39M36.10M
Gross Profit61.71M84.48M29.65M72.27M21.84M51.95M
Selling, General & Admin81.06M78.07M62.58M51.92M58.10M37.20M
Research & Development626.00K200.00K
Operating Expenses81.06M78.07M62.58M51.92M58.73M37.40M
Operating Income-19.35M6.41M-32.93M20.36M-36.89M14.54M
Interest Expense-7.92M-8.99M-6.46M-2.06M-6.43M-7.92M
Interest & Investment Income11.29M11.26M17.68M14.42M5.44M501.00K
Earnings From Equity Investments4.17M42.53M3.53M
Currency Exchange Gain (Loss)-86.00K414.00K-370.00K53.00K-3.32M-89.00K
Other Non Operating Income (Expenses)-3.45M5.40M1.34M9.42M13.10M-40.41M
EBT Excluding Unusual Items-19.53M14.49M-20.74M46.35M14.43M-29.84M
Gain (Loss) on Sale of Investments-23.55M1.07M-2.55M20.49M-138.38M204.50M
Legal Settlements-14.86M
Other Unusual Items15.75M15.75M580.00K-3.20M
Pretax Income-27.33M31.31M-38.15M67.43M-127.15M174.65M
Income Tax Expense-3.67M6.84M-3.45M-1.50M-16.21M24.29M
Earnings From Continuing Operations-23.66M24.47M-34.70M68.93M-110.94M150.37M
Minority Interest in Earnings8.66M-2.79M-1.36M-1.87M-14.13M-1.17M
Net Income-15.01M21.68M-36.06M67.06M-125.06M149.20M
Preferred Dividends & Other Adjustments11.92M7.97M30.39M
Net Income to Common-15.01M21.68M-36.06M55.14M-133.03M118.80M
Shares Outstanding (Basic)96.56M96.29M99.21M75.30M42.46M48.80M
Shares Outstanding (Diluted)96.56M97.16M99.21M92.41M42.46M98.47M
EPS (Basic)-0.160.23-0.360.73-3.132.43
EPS (Diluted)-0.160.22-0.360.58-3.131.91
Free Cash Flow2.62M58.55M-98.55M-22.70M-38.07M13.23M
Free Cash Flow Per Share0.030.60-0.99-0.25-0.900.13
Gross Margin22.17%29.62%24.25%57.77%36.87%59.00%
Operating Margin-6.95%2.25%-26.92%16.27%-62.29%16.52%
Profit Margin-5.39%7.60%-29.48%44.08%-224.63%134.93%
Free Cash Flow Margin0.94%20.53%-80.57%-18.14%-64.28%15.03%
EBITDA18.77M51.49M1.63M35.08M-23.38M25.23M
EBITDA Margin6.74%18.05%1.34%28.04%-39.47%28.66%
D&A For EBITDA38.12M45.08M34.56M14.73M13.51M10.69M
EBIT-19.35M6.41M-32.93M20.36M-36.89M14.54M
EBIT Margin-6.95%2.25%-26.92%16.27%-62.29%16.52%
Effective Tax Rate21.85%13.91%
Revenue as Reported278.37M285.23M122.31M125.10M59.22M88.05M
Advertising Expenses1.22M748.00K636.00K

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents307.63M306.72M273.88M340.09M287.79M308.94M
Short-Term Investments24.93M54.30M59.88M99.82M98.36M398.53M
Cash & Short-Term Investments332.57M361.02M333.76M439.91M386.14M707.47M
Accounts Receivable86.66M26.16M26.91M80.56M8.23M9.52M
Receivables94.48M41.46M26.91M80.56M8.23M9.52M
Inventory24.64M26.56M27.48M10.92M14.22M8.93M
Prepaid Expenses14.44M21.05M31.99M23.13M19.39M4.76M
Total Current Assets466.14M450.09M420.15M554.51M427.99M730.68M
Property, Plant & Equipment228.09M223.50M224.83M29.34M5.54M6.21M
Goodwill25.57M25.79M29.34M8.99M7.54M7.47M
Other Intangible Assets42.94M48.15M55.43M33.56M36.66M48.79M
Long-Term Deferred Tax Assets20.31M14.84M20.23M2.92M
Other Long-Term Assets8.49M8.59M6.42M4.23M1.30M5.70M
Total Assets791.53M770.96M756.39M633.54M482.93M798.86M
Accounts Payable16.27M13.36M12.07M3.26M6.04M5.44M
Accrued Expenses73.40M27.45M27.44M17.50M8.43M7.86M
Short-Term Debt60.45M181.25M
Current Portion of Long-Term Debt2.40M
Current Portion of Leases3.81M4.49M3.56M1.25M1.56M935.00K
Current Income Taxes Payable1.61M1.21M1.30M619.00K474.00K506.00K
Current Unearned Revenue1.11M945.00K1.32M977.00K1.23M1.11M
Other Current Liabilities1.63M1.59M1.55M4.03M9.04M3.08M
Total Current Liabilities97.83M49.04M49.64M27.64M87.21M200.19M
Long-Term Debt90.37M92.07M111.59M10.53M
Long-Term Leases7.86M9.09M6.78M1.74M1.87M2.03M
Long-Term Unearned Revenue568.00K581.00K
Long-Term Deferred Tax Liabilities2.16M2.15M2.61M742.00K18.55M
Other Long-Term Liabilities36.29M34.57M33.16M4.04M86.45M113.83M
Total Liabilities234.51M186.92M203.78M43.94M176.85M335.18M
Common Stock97.00K96.00K96.00K100.00K43.00K49.00K
Additional Paid-In Capital914.45M915.33M910.24M906.15M663.28M648.39M
Retained Earnings-269.80M-254.10M-275.79M-239.73M-306.79M-181.72M
Treasury Stock-118.54M-118.54M-118.54M-98.26M-98.26M-47.28M
Comprehensive Income & Other580.00K670.00K-1.18M
Total Common Equity526.79M543.45M514.83M568.27M258.28M419.43M
Minority Interest30.23M40.58M37.79M21.34M11.04M11.04M
Shareholders' Equity557.02M584.03M552.62M589.61M306.08M463.68M
Total Liabilities & Equity791.53M770.96M756.39M633.54M482.93M798.86M
Total Debt102.04M105.64M124.33M13.51M63.88M184.21M
Net Cash (Debt)230.53M255.38M209.44M426.40M322.26M523.26M
Net Cash Per Share2.392.632.114.617.595.31
Filing Date Shares Outstanding97.59M96.48M96.09M99.90M58.57M46.47M
Total Common Shares Outstanding97.59M96.48M96.05M99.90M43.48M48.81M
Working Capital368.31M401.05M370.51M526.88M340.78M530.49M
Book Value Per Share5.405.635.365.695.948.59
Tangible Book Value458.28M469.51M430.06M525.72M214.08M363.17M
Tangible Book Value Per Share4.704.874.485.264.927.44
Land2.54M2.88M2.88M
Buildings8.30M8.40M9.08M1.02M
Machinery15.65M15.65M16.84M3.74M4.30M3.73M
Leasehold Improvements1.02M1.03M

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income-15.01M21.68M-36.06M67.06M-125.06M149.20M
Depreciation & Amortization38.12M45.08M34.56M14.73M13.51M10.69M
Other Amortization90.00K110.00K
Loss (Gain) From Sale of Assets-318.00K169.00K
Loss (Gain) From Sale of Investments23.55M-1.07M2.55M-20.49M138.38M-204.50M
Loss (Gain) on Equity Investments-4.17M-42.53M-3.53M
Stock-Based Compensation6.08M5.74M4.79M3.30M3.82M2.05M
Other Operating Activities-11.22M3.50M-3.71M-10.86M-13.46M57.41M
Change in Accounts Receivable-63.34M664.00K69.22M-70.31M998.00K-747.00K
Change in Inventory373.00K212.00K1.05M3.30M-5.29M1.91M
Change in Accounts Payable4.71M3.14M-8.12M-4.65M-136.00K760.00K
Change in Unearned Revenue-126.00K98.00K497.00K-337.00K100.00K-246.00K
Change in Other Net Operating Assets47.18M-3.97M-14.67M-69.00K-7.75M223.00K
Operating Cash Flow30.00M75.24M50.12M-22.51M-37.34M13.33M
Capital Expenditures-27.38M-16.69M-148.67M-189.00K-732.00K-91.00K
Sale of Property, Plant & Equipment4.57M2.99M
Cash Acquisitions1.23M-87.68M-9.41M-33.25M
Sale (Purchase) of Intangibles-1.75M-14.00M-6.00M-5.00M-21.00M
Investment in Securities9.73M6.65M37.38M21.81M190.20M94.11M
Other Investing Activities9.96M-4.02M
Investing Cash Flow-22.55M-21.01M-212.96M16.18M184.46M35.75M
Short-Term Debt Issued115.00M
Long-Term Debt Issued5.00M133.50M
Total Debt Issued5.00M5.00M133.50M115.00M
Short-Term Debt Repaid-60.00M-120.00M-50.00M
Long-Term Debt Repaid-27.09M-30.04M-7.70M
Total Debt Repaid-19.15M-27.09M-30.04M-67.70M-120.00M-50.00M
Net Debt Issued (Repaid)-14.15M-22.09M103.46M-67.70M-120.00M65.00M
Issuance of Common Stock30.00K223.00K128.35M9.25M202.00K
Repurchase of Common Stock-3.10M-675.00K-21.38M-614.00K-52.59M-4.01M
Preferred Dividends Paid-1.40M-2.80M-1.45M
Dividends Paid-1.40M-2.80M-1.45M
Other Financing Activities15.25M
Financing Cash Flow-17.25M-22.73M97.56M58.63M-166.14M59.74M
Foreign Exchange Rate Adjustments716.00K1.34M-926.00K1.00K-2.57M
Net Cash Flow-9.09M32.84M-66.21M52.30M-21.57M108.81M
Free Cash Flow2.62M58.55M-98.55M-22.70M-38.07M13.23M
Free Cash Flow Margin0.94%20.53%-80.57%-18.14%-64.28%15.03%
Free Cash Flow Per Share0.030.60-0.99-0.25-0.900.13
Levered Free Cash Flow-16.43M30.70M-102.42M-48.30M-26.82M-11.53M
Unlevered Free Cash Flow-11.47M36.32M-98.38M-47.02M-22.89M-6.69M
Cash Interest Paid8.30M8.30M5.06M2.51M7.23M7.34M
Cash Income Tax Paid2.30M2.30M1.05M831.00K384.00K25.00K
Change in Working Capital-11.21M143.00K47.98M-72.07M-12.08M1.90M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization422.55M360.76M422.58M391.55M183.30M254.41M
Enterprise Value192.02M140.96M122.43M-40.67M-87.14M-137.33M
Last Close Price4.333.744.343.924.215.13
PE Ratio16.647.102.14
Forward PE84.4710.7514.0019.6136.64
PS Ratio1.521.263.463.133.102.89
PB Ratio0.800.620.770.660.600.55
P/TBV Ratio0.920.770.980.740.860.70
P/FCF Ratio160.976.1619.22
P/OCF Ratio14.084.798.4319.09
PEG Ratio0.980.980.980.981.83
EV/Sales Ratio0.690.491.00
EV/EBITDA Ratio10.232.7474.93
EV/EBIT Ratio22.00
EV/FCF Ratio73.152.41
Debt / Equity Ratio0.180.180.230.020.210.40
Debt / EBITDA Ratio4.051.8736.210.367.06
Debt / FCF Ratio38.871.8013.92
Net Debt / Equity Ratio-0.41-0.44-0.38-0.72-1.05-1.13
Net Debt / EBITDA Ratio-12.28-4.96-128.17-12.1513.79-20.74
Net Debt / FCF Ratio-87.82-4.362.1218.798.46-39.54
Asset Turnover0.350.370.180.220.090.13
Inventory Turnover8.607.434.834.203.23
Quick Ratio4.297.897.2718.834.523.58
Current Ratio4.769.188.4620.074.913.65
Return on Equity (ROE)-4.17%4.31%-6.08%15.39%-28.82%38.08%
Return on Assets (ROA)-1.54%0.53%-2.96%2.28%-3.60%1.39%
Return on Invested Capital (ROIC)-6.06%1.49%-13.00%12.47%
Return on Capital Employed (ROCE)-2.80%0.90%-4.70%3.40%-9.30%2.40%
Earnings Yield-3.69%6.01%-8.53%17.13%-68.23%58.65%
FCF Yield0.62%16.23%-23.32%-5.80%-20.77%5.20%
Payout Ratio2.09%0.97%
Buyback Yield / Dilution0.78%2.07%-7.36%-117.64%56.88%-71.45%
Total Shareholder Return0.78%2.07%-7.36%-117.64%56.88%-71.45%