ACACIA RESEARCH CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $285.2M | $122.3M | $125.1M | $59.2M | $88.0M |
| Cost of revenue | $200.8M | $92.7M | $52.8M | $37.4M | $36.1M |
| Gross profit | $84.5M | $29.7M | $72.3M | $21.8M | $51.9M |
| Research and development | — | — | $735,000 | $626,000 | $200,000 |
| Operating income | $6.4M | -$32.9M | $20.9M | -$40.1M | $14.5M |
| Pretax income | $31.3M | -$38.1M | $67.4M | -$127.2M | $174.7M |
| Income tax expense | $6.8M | -$3.4M | -$1.5M | -$16.2M | $24.3M |
| Net income | $21.7M | -$36.1M | $67.1M | -$125.1M | $149.2M |
| Balance Sheet | |||||
| 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 |
| Total liabilities | $186.9M | $203.8M | $43.9M | $193.7M | $353.6M |
| Stockholders' equity | $543.5M | $514.8M | $568.3M | $258.3M | $419.4M |
| Cash Flow Statement | |||||
| Cash from operations | $75.2M | $50.1M | -$22.5M | -$37.3M | $13.3M |
| Depreciation and amortization | $43.3M | $33.6M | $14.7M | $13.5M | $10.7M |
| Stock-based compensation | $5.7M | $4.8M | $3.3M | $3.8M | $2.1M |
| Capital expenditure | — | $148.7M | $189,000 | $732,000 | $91,000 |
| Free cash flow | — | -$98.5M | -$22.7M | -$38.1M | $13.2M |
| Dividends paid | — | $0 | $1.4M | $2.8M | $1.5M |
| Share repurchases | $0 | $20.3M | $0 | $51.0M | $4.0M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 96.6M · Free float 31.8%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.