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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 | 4.0% | 133.2% | -160.1% |
| 2024 | $122M | $2M | $-36M | $-113M | -7.0% | -2.2% | -153.8% |
| 2023 | $125M | $84M | $67M | $-29M | 11.8% | 111.2% | -153.6% |
| 2022 | $59M | $-107M | $-125M | $-43M | -48.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 59.22 | 125.10 | 122.31 | 285.23 |
| Operating 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 |
| Research And Development | 0.20 | 0.63 | 0.74 | - | - |
| Selling General And Administration | - | 61.30 | 51.34 | 62.58 | 78.07 |
| Total Expenses | - | 99.32 | 104.17 | 155.24 | 278.82 |
| Operating Income | - | -40.09 | 20.94 | -32.93 | 6.41 |
| Total Operating Income As Reported | - | -40.09 | 20.94 | -32.93 | 6.41 |
| EBITDA | - | -107.20 | 84.22 | 1.89 | 83.65 |
| Normalized EBITDA | - | 21.40 | 54.25 | 17.65 | 58.97 |
| EBIT | - | -120.72 | 69.49 | -31.68 | 40.30 |
| Interest Income | - | 5.44 | 14.42 | 17.68 | 11.26 |
| Interest Expense | - | 6.43 | 2.06 | 6.46 | 8.99 |
| Net Interest Income | - | -0.99 | 12.36 | 11.22 | 2.27 |
| Other Non Operating Income Expenses | - | - | - | -0.68 | -2.05 |
| Other Income Expense | - | -86.07 | 34.13 | -16.44 | 22.63 |
| Interest Income Non Operating | - | 5.44 | 14.42 | 17.68 | 11.26 |
| Interest Expense Non Operating | - | 6.43 | 2.06 | 6.46 | 8.99 |
| Net Non Operating Interest Income Expense | - | -0.99 | 12.36 | 11.22 | 2.27 |
| Pretax Income | - | -127.15 | 67.43 | -38.15 | 31.31 |
| Tax Provision | - | -16.21 | -1.50 | -3.45 | 6.84 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -16.72 | 6.29 | -1.42 | 5.43 |
| Net Income Continuous Operations | - | -110.94 | 68.93 | -34.70 | 24.47 |
| Net Income From Continuing And Discontinued Operation | - | -125.06 | 67.06 | -36.06 | 21.68 |
| Net Income From Continuing Operation Net Minority Interest | - | -125.06 | 67.06 | -36.06 | 21.68 |
| Net Income | - | -125.06 | 67.06 | -36.06 | 21.68 |
| Net Income Common Stockholders | - | -133.04 | 55.14 | -36.06 | 21.68 |
| Net Income Including Noncontrolling Interests | - | -110.94 | 68.93 | -34.70 | 24.47 |
| Normalized Income | - | -13.18 | 43.39 | -21.71 | 2.43 |
| Diluted NI Availto Com Stockholders | - | -133.04 | 53.21 | -36.06 | 21.68 |
| Basic Average Shares | - | 42.46 | 75.30 | 99.21 | 96.29 |
| Diluted Average Shares | - | 42.46 | 92.41 | 99.21 | 97.16 |
| Reconciled Depreciation | - | 13.51 | 14.73 | 33.57 | 43.35 |
| Reconciled Cost Of Revenue | - | 37.39 | 52.83 | 92.66 | 200.75 |
| Total Unusual Items | - | -128.60 | 29.96 | -15.76 | 24.68 |
| Total Unusual Items Excluding Goodwill | - | -128.60 | 29.96 | -15.76 | 24.68 |
| Preferred Stock Dividends | 1.45 | 2.80 | 1.40 | - | - |
| Minority Interests | - | -14.13 | -1.87 | -1.36 | -2.79 |
| Special Income Charges | - | - | 0 | -14.86 | 15.75 |
| Other Special Charges | - | - | - | 14.86 | -15.75 |
| Gain On Sale Of Security | - | -128.60 | 29.96 | -0.90 | 8.93 |
| General And Administrative Expense | - | 52.68 | 44.43 | 55.36 | 65.12 |
| Other Gand A | - | 52.68 | 44.43 | 55.36 | 65.12 |
| Selling And Marketing Expense | - | 8.62 | 6.91 | 7.22 | 12.95 |
| Otherunder Preferred Stock Dividend | 28.94 | 5.17 | 10.52 | 0 | - |
| Earnings From Equity Interest | 3.53 | 42.53 | 4.17 | 0 | - |
| Average Dilution Earnings | 69.42 | 0 | -1.93 | 0 | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Acacia Research Corporationthis co. | ACTG | $454M | 20.94 | 0.84 | 4.0% | 3.01 |
| Park-Ohio Holdings Corp. | PKOH | $477M | 20.04 | 1.25 | 6.2% | 10.57 |
| Pangaea Logistics Solutions Ltd. | PANL | $476M | 24.55 | 1.11 | 4.5% | 6.06 |
| Luxfer Holdings PLC | LXFR | $474M | 61.52 | 2.09 | 3.4% | 13.57 |
| Universal Logistics Holdings, Inc. | ULH |
| - |
| - |
| - |
| - |
| - |
| - |
| $457M |
| -4.58 |
| 0.85 |
| -18.5% |
| 14.71 |
| Xerox Holdings Corporation | XRX | $456M | -0.44 | 1.03 | -231.8% | 49.65 |
| The Manitowoc Company, Inc. | MTW | $447M | 62.09 | 0.64 | 1.0% | 7.82 |
| L.B. Foster Company | FSTR | $439M | 58.23 | 2.51 | 4.3% | 14.44 |
| Energy Recovery, Inc. | ERII | $427M | 18.61 | 2.07 | 11.1% | 13.90 |
| Peer Median | - | 22.30 | 1.18 | 3.9% | 13.73 | |