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ACACIA RESEARCH CORP (ACTG)

As-reported financials and SEC filings for ACACIA RESEARCH CORP. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ACACIA RESEARCH CORP

Acacia Research Corporation acquires and operates businesses across various industries including industrial, energy, and technology sectors. The company focuses on acquiring businesses with strong free cash flow and scalability, using its industry relationships and capital to improve performance. Acacia targets public and private companies, divisions, or structured transactions, aiming to generate long-term value through operational improvements and strategic acquisitions.

Snapshot

Revenue
$285.2M
Revenue growth (YoY)
133.2%
Net income
$21.7M
Diluted EPS
$0.22
Gross margin
29.6%
Operating margin
2.2%
Net margin
7.6%
FCF margin
ROE
3.7%
net income / fiscal-year-end equity
P/E
20.3×
trailing when available, otherwise FY EPS
Market cap
$436.2M
Long-term debt / equity
0.16×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Acacia Research

  • Revenue grew 133.2% to $285M in FY2025, after a 2.2% decline the year before.
  • Operating margin is 2.2% in FY2025, -14.3 pp against 16.5% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $115M, up 123.6% from Q2 FY2025.
  • Net income turned positive at $22M in FY2025, from a $36M loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Acacia Research’s fundamentals sit among the 425 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin29.6%
28th percentile of 51
Operating margin2.2%
35th percentile of 146
Net margin7.6%
33rd percentile of 377
Revenue growth (YoY)+133.2%
96th percentile of 420
ROE3.7%
27th percentile of 375
P/E20.3×
76th percentile of 318
Long-term debt / equity0.16×
28th percentile of 194
Short interest5.68d
72nd percentile of 420

Acacia Research’s revenue growth of +133.2% ranks in the 96th percentile of the 420 Financials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 2 insider sales totaling $196,318. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 4 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+4 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
2
1 trimmed, 1 exited
Combined position
$293.9M
reported long value
InvestorAs ofPosition valueSharesChange
Starboard ValueQ2 2026$284.8M61.1MHeld
Renaissance TechnologiesquantQ2 2026$6.6M1.4MAdded
Citadel AdvisorsquantQ2 2026$1.2M249.5KAdded
AQR Capital ManagementquantQ2 2026$1.1M236.4KAdded
Point72 Asset ManagementquantQ2 2026$197,63142.4KReduced

No longer held by: Millennium Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
2
$196K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-19
filed 2026-08-20
OCONNELL MAUREENDirectorSell10.0K$4.60$46K
2026-08-12
filed 2026-08-14
Kohlberg Isaac T.DirectorSell32.2K$4.67$150K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.9M
settled 2026-08-14
Change vs prior
-2.9%
vs previous settlement
Days to cover
5.68
at avg daily volume
Avg daily volume
343.2K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-141.9M-2.9%5.68
2026-07-312.0M+19.9%9.79
2026-07-151.7M-9.1%6.43
2026-06-301.8M-2.3%6.00
2026-06-151.9M+17.7%8.06
2026-05-291.6M+8.5%8.18
2026-05-151.5M+7.9%5.54
2026-04-301.4M+11.8%6.32

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$285.2M$122.3M$125.1M$59.2M$88.0M
Gross profit$84.5M$29.7M$72.3M$21.8M$51.9M
Operating income$6.4M$-32.9M$20.9M$-40.1M$14.5M
Net income$21.7M$-36.1M$67.1M$-125.1M$149.2M
Diluted EPS$0.22$-0.36$0.58$-3.13$1.91

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$306.7M$273.9M$340.1M$287.8M$308.9M
Current assets$450.1M$420.1M$554.5M$428.0M$730.7M
Total assets$771.0M$756.4M$633.5M$482.9M$798.9M
Current liabilities$49.0M$49.6M$27.6M$87.2M$200.2M
Long-term debt$91.9M
Total liabilities$186.9M$203.8M$43.9M$193.7M$353.6M
Total equity$584.0M$552.6M$589.6M$269.3M$430.5M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$75.2M$50.1M$-22.5M$-37.3M$13.3M
Capital expenditure$148.7M$189,000$732,000$91,000
Free cash flow$-98.5M$-22.7M$-38.1M$13.2M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$114.6M123.6%$47,000$0.00
Q1 FY2026$54.2M-56.4%$-15.7M$-0.16
Q4 FY2025$50.1M2.6%$3.4M$0.04
Q3 FY2025$59.4M155.0%$-2.7M$-0.03
Q2 FY2025$51.2M98.3%$-3.3M$-0.03
Q1 FY2025$124.4M411.6%$24.3M$0.25
Q4 FY2024$48.8M-47.1%$-13.4M$-0.14
Q3 FY2024$23.3M131.2%$-14.0M$-0.14

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorFinancials
SIC industryPatent Owners & Lessors
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2012
SEC CIK934549

Selected SEC filings

10-K2026-03-12
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2025-11-06
View on EDGAR →
10-Q2025-08-07
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-06-25
View on EDGAR →
8-K2026-05-07
View on EDGAR →

Largest Financials peers

All Financials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.