ACACIA RESEARCH CORPACTGEarnings & Financial Report
Acacia Research Corporation is a publicly traded American company based in New York City. It acquires and operates businesses in industries including the technology, energy, and industrial/manufacturing sectors. Acacia has a strategic relationship with Starboard Value, LP, the company's controlling shareholder. The company has been characterized as a patent troll.
Revenue
$124.4M
Gross Profit
$58.9M
Operating Profit
$38.3M
Net Profit
$24.3M
Gross Margin
47.4%
Operating Margin
30.8%
Net Margin
19.5%
YoY Growth
411.6%
EPS
$0.25
ACACIA RESEARCH CORP Q1 FY2025 Financial Summary
ACACIA RESEARCH CORP reported revenue of $124.4M (up 411.6% YoY) for Q1 FY2025, with a net profit of $24.3M (up 13157.5% YoY) (19.5% margin). Cost of goods sold was $65.5M, operating expenses totaled $20.6M.
Key Financial Metrics
| Total Revenue | $124.4M |
|---|---|
| Net Profit | $24.3M |
| Gross Margin | 47.4% |
| Operating Margin | 30.8% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
ACACIA RESEARCH CORP Q1 FY2025 revenue of $124.4M breaks down across 7 segments, led by Paid Up Revenue Agreements at $69.5M (55.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Paid Up Revenue Agreements | $69.5M | 55.9% |
| Benchmark Energy IILLC | $18.3M | 14.7% |
| Transportation Safety | $9.9M | 7.9% |
| Office Storage And Display Solutions | $8.6M | 6.9% |
| Industrial Operations | $7.7M | 6.2% |
| Printers Consumables And Parts | $6.9M | 5.5% |
| Natural Gas Liquids Reserves | $4.7M | 3.7% |
ACACIA RESEARCH CORP Revenue by Segment — Quarterly Trend
ACACIA RESEARCH CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Paid Up Revenue Agreements and Benchmark Energy IILLC) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Paid Up Revenue Agreements | — | $7.4M | — | $69.5M |
| Benchmark Energy IILLC | — | — | — | $18.3M |
| Transportation Safety | $10.4M | $11.3M | $11.0M | $9.9M |
| Office Storage And Display Solutions | $8.4M | $9.3M | $8.4M | $8.6M |
| Industrial Operations | — | — | — | $7.7M |
ACACIA RESEARCH CORP Annual Revenue by Year
ACACIA RESEARCH CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $285.2M).
| Year | Annual Revenue |
|---|---|
| 2025 | $285.2M |
| 2024 | $122.3M |
| 2023 | $125.1M |
| 2022 | $59.2M |
ACACIA RESEARCH CORP Quarterly Revenue & Net Profit History
ACACIA RESEARCH CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $50.1M | +2.6% | $3.4M | 6.8% |
| Q3 FY2025 | $59.4M | +155.0% | $-2.7M | -4.6% |
| Q2 FY2025 | $51.2M | +98.3% | $-3.3M | -6.4% |
| Q1 FY2025 | $124.4M | +411.6% | $24.3M | 19.5% |
| Q4 FY2024 | $48.8M | -47.1% | $-13.4M | -27.5% |
| Q3 FY2024 | $23.3M | +131.2% | $-14.0M | -60.0% |
| Q2 FY2024 | $25.8M | +226.9% | $-8.4M | -32.7% |
| Q1 FY2024 | $24.3M | +64.3% | $-186.0K | -0.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.3M | $25.8M | $23.3M | $48.8M | $124.4M | $51.2M | $59.4M | $50.1M |
| YoY Growth | 64.3% | 226.9% | 131.2% | -47.1% | 411.6% | 98.3% | 155.0% | 2.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $631.7M | $753.6M | $707.6M | $756.4M | $801.6M | $775.5M | $768.9M | $771.0M |
| Liabilities | $42.1M | $156.8M | $129.0M | $203.8M | $224.3M | $198.1M | $192.0M | $186.9M |
| Equity | $568.3M | $560.7M | $540.2M | $514.8M | $540.2M | $538.6M | $537.6M | $543.5M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $54.8M | $16.1M | $-593000 | $50.1M | $2.4M | $50.1M | $9.5M | $75.2M |