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Acacia Research Corporation operates as an acquirer and operator of businesses across industrial, energy, and technology sectors in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates through four segments: Intellectual Property Operations, Industrial Operations, Energy Operations, and Manufacturing Operations. The company is involved in investing in IP; and licensing and enforcement of patented technologies. It also designs and manufactures printers, including hardware and embedded software, as well as consumable products, such as inked ribbons for various industrial printing applications. In addition, the company acquires, explores, develops, and produces oil and natural gas resources located in Texas and Oklahoma. Further, it designs and manufactures purchase brochure, folder, and applications display holders; plastic injection-molded office supply, as well as arts, crafts, and education products; plastic and aluminum air venting and air control products; extruded vinyl chair mats; safety reflectors for bicycles; and emergency warning triangles, mud flaps, and splash guards for the heavy duty truck market and transportation industry. Acacia Research Corporation was incorporated in 1993 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $285M | $84M | $22M | $59M | 3.7% | 133.2% | - |
| 2024 | $122M | $2M | $-36M | $-113M | -6.5% | -2.2% | -153.8% |
| 2023 | $125M | $84M | $67M | $-29M | 11.4% | 111.2% | - |
| 2022 | $59M | $-107M | $-125M | $-43M | -46.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 59.22 | 125.10 | 122.31 | 285.23 |
| Cost Of Revenue | 37.39 | 52.83 | 92.66 | 200.75 |
| Gross Profit | 21.84 | 72.27 | 29.65 | 84.48 |
| Operating Expense | 61.93 | 51.34 | 62.58 | 78.07 |
| Operating Income | -40.09 | 20.94 | -32.93 | 6.41 |
| EBITDA | -107.20 | 84.22 | 1.89 | 83.65 |
| EBIT | -120.72 | 69.49 | -31.68 | 40.30 |
| Pretax Income | -127.15 | 67.43 | -38.15 | 31.31 |
| Tax Provision | -16.21 | -1.50 | -3.45 | 6.84 |
| Net Income | -125.06 | 67.06 | -36.06 | 21.68 |
| Net Income Common Stockholders | -133.03 | 55.14 | -36.06 | 21.68 |
| Total Expenses | 99.31 | 104.17 | 155.24 | 278.82 |
| Interest Expense | 6.43 | 2.06 | 6.46 | 8.99 |
| Interest Income | 5.44 | 14.42 | 17.68 | 11.26 |
| Research And Development | 0.63 | 0.73 | 0 | 0 |
| Selling General And Administration | 61.30 | 51.34 | 62.58 | 78.07 |
| Normalized EBITDA | 21.39 | 54.25 | 17.65 | 58.97 |
| Normalized Income | -13.18 | 43.39 | -21.71 | 2.43 |
| Basic EPS | -3.13 | 0.73 | -0.36 | 0.23 |
| Diluted EPS | -3.13 | 0.58 | -0.36 | 0.22 |
| Tax Effect Of Unusual Items | -16.72 | 6.29 | -1.42 | 5.43 |
| Tax Rate For Calcs | 0.13 | 0.21 | 0.09 | 0.22 |
| Total Unusual Items | -128.60 | 29.96 | -15.76 | 24.68 |
| Total Unusual Items Excluding Goodwill | -128.60 | 29.96 | -15.76 | 24.68 |
| Net Income From Continuing Operation Net Minority Interest | -125.06 | 67.06 | -36.06 | 21.68 |
| Reconciled Depreciation | 13.51 | 14.73 | 33.57 | 43.35 |
| Reconciled Cost Of Revenue | 37.39 | 52.83 | 92.66 | 200.75 |
| Net Interest Income | -0.99 | 12.36 | 11.22 | 2.27 |
| Net Income From Continuing And Discontinued Operation | -125.06 | 67.06 | -36.06 | 21.68 |
| Total Operating Income As Reported | -40.09 | 20.94 | -32.93 | 6.41 |
| Diluted Average Shares | 42.46 | 92.41 | 99.21 | 97.16 |
| Basic Average Shares | 42.46 | 75.30 | 99.21 | 96.29 |
| Diluted NI Availto Com Stockholders | -133.03 | 53.21 | -36.06 | 21.68 |
| Average Dilution Earnings | 0 | -1.93 | 0 | 0 |
| Otherunder Preferred Stock Dividend | 5.17 | 10.52 | 0 | 0 |
| Preferred Stock Dividends | 2.80 | 1.40 | 0 | 0 |
| Minority Interests | -14.13 | -1.87 | -1.36 | -2.79 |
| Net Income Including Noncontrolling Interests | -110.94 | 68.93 | -34.70 | 24.47 |
| Net Income Continuous Operations | -110.94 | 68.93 | -34.70 | 24.47 |
| Other Income Expense | -86.07 | 34.13 | -16.44 | 22.63 |
| Other Non Operating Income Expenses | 0 | 0 | -0.68 | -2.05 |
| Special Income Charges | 0 | 0 | -14.86 | 15.75 |
| Other Special Charges | 0 | 0 | 14.86 | -15.75 |
| Earnings From Equity Interest | 42.53 | 4.17 | 0 | 0 |
| Gain On Sale Of Security | -128.60 | 29.96 | -0.91 | 8.93 |
| Net Non Operating Interest Income Expense | -0.99 | 12.36 | 11.22 | 2.27 |
| Interest Expense Non Operating | 6.43 | 2.06 | 6.46 | 8.99 |
| Interest Income Non Operating | 5.44 | 14.42 | 17.68 | 11.26 |
| Selling And Marketing Expense | 8.62 | 6.91 | 7.22 | 12.95 |
| General And Administrative Expense | 52.68 | 44.43 | 55.36 | 65.12 |
| Other Gand A | 52.68 | 44.43 | 55.36 | 65.12 |
| Operating Revenue | 59.22 | 125.10 | 122.31 | 285.23 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Acacia Research Corporationthis co. | ACTG | $479M | 22.55↓ discount | 0.88 | 3.7% | 5.12 |
| Titan International, Inc. | TWI | $512M | - | 0.99 | -12.2% | 11.47 |
| Pangaea Logistics Solutions Ltd. | PANL | $496M | 25.33 | 1.15 | 4.1% | 10.08 |
| Cryoport, Inc. | CYRX | $492M | - | 1.06 | 15.6% | -89.47 |
| Insteel Industries Inc. | IIIN |
| $490M |
| 11.96 |
| 1.32 |
| 11.0% |
| 6.31 |
| Orion Group Holdings, Inc. | ORN | $483M | 54.59 | 3.01 | 1.6% | 15.30 |
| Titan Machinery Inc. | TITN | $474M | - | 0.80 | -9.4% | 36.31 |
| The Manitowoc Company, Inc. | MTW | $467M | 65.05 | 0.66 | 1.0% | 7.65 |
| Mayville Engineering Company, Inc. | MEC | $444M | - | 1.84 | -3.4% | 16.09 |
| Peer Median | - | 39.96 | 1.11 | 1.3% | 10.78 | |