MARKETS / NASDAQ / ACTG

NASDAQ · PATENT OWNERS & LESSORS · MID CAP

Acacia Research Corp. ACTG

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$285.2M

▲ 133.2% YoY

Net income

$21.7M

Free cash flow

$61.1M

In brief

What this company does

Acacia Research Corporation is an acquirer and operator of businesses across public and private markets and industries including but not limited to the industrial, energy and technology sectors. As of December 31, 2025, on a consolidated basis, it had 986 full-time employees and 76 contractors. It invests in intellectual property and engages in the licensing and enforcement of patented technologies through its wholly-owned subsidiary Acacia Research Group LLC and its wholly owned subsidiaries. Headquartered in Austin, Texas, Benchmark is an independent oil and natural gas company that acquires, produces and develops oil and natural gas assets in Texas and Oklahoma. Printronix is a manufacturer and distributor of industrial impact printers, also known as line matrix printers, and related consumables and services. Headquartered in Indianapolis, Indiana, Deflecto is a specialty manufacturer of essential products serving the commercial transportation, HVAC, and office markets.

Written from the business description in ACACIA RESEARCH CORP's annual report to the U.S. Securities and Exchange Commission, filed 12 March 2026. Every sentence was checked against that document before publication.

Growth

USD 285.2M

Revenue, FY2025 · full 17-year series below

Revenue $M Net income $M

FY2025 · Revenue 285.2 · Net income 21.7

Compound annual growth

Revenue

+68.9%

+57.1%

Net income

−27.6%

−3.0%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +57.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

9 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 2.2% · Net 8.6%

ROE

FY2025 · ROE 4.1%

Gross margin29.6%

Operating margin2.2%

Net margin8.6%

Return on assets3.2%

EBITDAUSD 49.8M

Each USD of equity produced 4 cents of profit this year.

Cash & shareholders

—

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 61.1

Net buybacks $M Dividends $M

FY2025 · Dividends — · Net buybacks -0.0

Dividends paid—

Net buybacksUSD -30,000.00

Share of profit0.0%

Consecutive raises—

Total assetsUSD 771.0M

EquityUSD 543.5M

CashUSD 306.7M

Gross debtUSD 91.9M

Net debtUSD -214.8M

Current ratio9.18×

The company holds more cash than debt.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	0.3	0.1	0.1	0.1	0.1	0.0	0.0	0.1	0.1	·	·	·	·	·	·	·	·
Operating income $B	0.0	−0.0	0.0	−0.0	0.0	−0.0	−0.0	−0.0	−0.0	−0.0	−0.2	−0.1	−0.1	0.1	0.0	0.0	−0.0
EBITDA $B	0.0	0.0	0.0	−0.0	0.0	−0.0	·	0.0	−0.0	−0.0	−0.1	−0.0	−0.0	0.1	0.0	0.0	−0.0
Income tax $B	0.0	−0.0	−0.0	−0.0	0.0	−0.0	−0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0
Net income $B	0.0	−0.0	0.1	−0.1	0.1	0.1	−0.0	−0.1	0.0	−0.1	−0.2	−0.1	−0.1	0.1	0.0	0.0	−0.0
Free cash flow $B	0.1	−0.1	−0.0	−0.0	0.0	−0.0	−0.0	0.0	0.0	0.0	−0.0	0.0	−0.0	0.1	0.1	0.0	0.0
EPS, diluted $	0.22	−0.36	0.58	−3.13	1.91	1.48	−0.40	−2.10	0.44	−1.08	−3.25	−1.37	−1.18	1.21	0.50	0.97	−0.38
Dividend / sh $	·	·	·	·	·	·	·	·	0.00	0.00	0.50	0.50	0.38	0.00	0.00	·	·
Payout %	·	−0	2	−2	1	1	−0	·	0	−0	−16	−38	−33	0	0	·	·
ROE %	4.1	−6.7	16.2	−36.9	42.8	48.5	−9.4	−43.4	7.9	−18.8	−40.3	−12.7	−9.7	12.8	9.8	30.7	·
Shares out B	0.10	0.10	0.10	0.04	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.04	0.04	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 71 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 21 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityPatent Owners & Lessors

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsDecember 31

SEC categorysmaller reporting company

Data on record since2009