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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and ACACIA RESEARCH CORP (ACTG). Click either name above to swap in a different company.
ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $44.9M, roughly 1.1× AbCellera Biologics Inc.). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -19.9%, a 26.8% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 2.6%). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs 43.6%).
AbCellera Biologics Inc. is a Vancouver, British Columbia-based biotechnology company that discovers and develops antibody therapeutics. The company is best known for its leading role in the Pandemic Prevention Platform, a project of DARPA's Biological Technologies Office. AbCellera utilizes a proprietary technology platform, which they claim can develop "medical countermeasures within 60 days." Its platform for single-cell screening was initially developed at the University of British Columbia.
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.
ABCL vs ACTG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $50.1M |
| Net Profit | $-8.9M | $3.4M |
| Gross Margin | — | 12.8% |
| Operating Margin | -63.7% | -26.1% |
| Net Margin | -19.9% | 6.8% |
| Revenue YoY | 788.4% | 2.6% |
| Net Profit YoY | 73.9% | 125.5% |
| EPS (diluted) | $-0.03 | $0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $44.9M | $50.1M | ||
| Q3 25 | $9.0M | $59.4M | ||
| Q2 25 | $17.1M | $51.2M | ||
| Q1 25 | $4.2M | $124.4M | ||
| Q4 24 | $5.0M | $48.8M | ||
| Q3 24 | $6.5M | $23.3M | ||
| Q2 24 | $7.3M | $25.8M | ||
| Q1 24 | $10.0M | $24.3M |
| Q4 25 | $-8.9M | $3.4M | ||
| Q3 25 | $-57.1M | $-2.7M | ||
| Q2 25 | $-34.7M | $-3.3M | ||
| Q1 25 | $-45.6M | $24.3M | ||
| Q4 24 | — | $-13.4M | ||
| Q3 24 | $-51.1M | $-14.0M | ||
| Q2 24 | $-36.9M | $-8.4M | ||
| Q1 24 | $-40.6M | $-186.0K |
| Q4 25 | — | 12.8% | ||
| Q3 25 | — | 21.2% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | — | 47.4% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 26.2% | ||
| Q1 24 | — | 49.2% |
| Q4 25 | -63.7% | -26.1% | ||
| Q3 25 | -851.8% | -10.8% | ||
| Q2 25 | -290.2% | -24.2% | ||
| Q1 25 | -1479.6% | 30.8% | ||
| Q4 24 | — | -32.4% | ||
| Q3 24 | -1439.4% | -44.1% | ||
| Q2 24 | -1276.2% | -18.4% | ||
| Q1 24 | -551.5% | -8.6% |
| Q4 25 | -19.9% | 6.8% | ||
| Q3 25 | -637.8% | -4.6% | ||
| Q2 25 | -203.3% | -6.4% | ||
| Q1 25 | -1077.2% | 19.5% | ||
| Q4 24 | — | -27.5% | ||
| Q3 24 | -785.4% | -60.0% | ||
| Q2 24 | -504.3% | -32.7% | ||
| Q1 24 | -408.0% | -0.8% |
| Q4 25 | $-0.03 | $0.03 | ||
| Q3 25 | $-0.19 | $-0.03 | ||
| Q2 25 | $-0.12 | $-0.03 | ||
| Q1 25 | $-0.15 | $0.25 | ||
| Q4 24 | — | $-0.14 | ||
| Q3 24 | $-0.17 | $-0.14 | ||
| Q2 24 | $-0.13 | $-0.08 | ||
| Q1 24 | $-0.14 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $128.5M | $306.7M |
| Total DebtLower is stronger | — | $91.9M |
| Stockholders' EquityBook value | $966.9M | $543.5M |
| Total Assets | $1.4B | $771.0M |
| Debt / EquityLower = less leverage | — | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.5M | $306.7M | ||
| Q3 25 | $83.2M | $301.8M | ||
| Q2 25 | $92.4M | $316.7M | ||
| Q1 25 | $159.3M | $272.0M | ||
| Q4 24 | $156.3M | $273.9M | ||
| Q3 24 | $126.6M | $410.9M | ||
| Q2 24 | $148.3M | $441.9M | ||
| Q1 24 | $123.6M | $498.4M |
| Q4 25 | — | $91.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $966.9M | $543.5M | ||
| Q3 25 | $964.0M | $537.6M | ||
| Q2 25 | $1.0B | $538.6M | ||
| Q1 25 | $1.0B | $540.2M | ||
| Q4 24 | $1.1B | $514.8M | ||
| Q3 24 | $1.1B | $540.2M | ||
| Q2 24 | $1.1B | $560.7M | ||
| Q1 24 | $1.1B | $568.3M |
| Q4 25 | $1.4B | $771.0M | ||
| Q3 25 | $1.4B | $768.9M | ||
| Q2 25 | $1.4B | $775.5M | ||
| Q1 25 | $1.3B | $801.6M | ||
| Q4 24 | $1.4B | $756.4M | ||
| Q3 24 | $1.4B | $707.6M | ||
| Q2 24 | $1.4B | $753.6M | ||
| Q1 24 | $1.5B | $631.7M |
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-34.7M | $75.2M |
| Free Cash FlowOCF − Capex | $-44.6M | — |
| FCF MarginFCF / Revenue | -99.4% | — |
| Capex IntensityCapex / Revenue | 21.9% | — |
| Cash ConversionOCF / Net Profit | — | 22.01× |
| TTM Free Cash FlowTrailing 4 quarters | $-174.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-34.7M | $75.2M | ||
| Q3 25 | $-52.6M | $9.5M | ||
| Q2 25 | $-32.4M | $50.1M | ||
| Q1 25 | $-11.6M | $2.4M | ||
| Q4 24 | $-108.6M | $50.1M | ||
| Q3 24 | $-28.9M | $-593.0K | ||
| Q2 24 | $-30.0M | $16.1M | ||
| Q1 24 | $-41.7M | $54.8M |
| Q4 25 | $-44.6M | — | ||
| Q3 25 | $-61.5M | — | ||
| Q2 25 | $-45.8M | — | ||
| Q1 25 | $-22.2M | $335.0K | ||
| Q4 24 | $-187.0M | $-98.5M | ||
| Q3 24 | $-47.4M | $-2.8M | ||
| Q2 24 | $-50.1M | $-126.7M | ||
| Q1 24 | $-65.8M | $54.6M |
| Q4 25 | -99.4% | — | ||
| Q3 25 | -687.0% | — | ||
| Q2 25 | -267.9% | — | ||
| Q1 25 | -524.0% | 0.3% | ||
| Q4 24 | -3702.8% | -201.8% | ||
| Q3 24 | -728.4% | -12.1% | ||
| Q2 24 | -683.8% | -490.5% | ||
| Q1 24 | -661.5% | 224.4% |
| Q4 25 | 21.9% | — | ||
| Q3 25 | 99.7% | — | ||
| Q2 25 | 78.2% | — | ||
| Q1 25 | 251.1% | 1.7% | ||
| Q4 24 | 1552.7% | 304.4% | ||
| Q3 24 | 284.6% | 9.6% | ||
| Q2 24 | 274.6% | 553.0% | ||
| Q1 24 | 242.5% | 1.1% |
| Q4 25 | — | 22.01× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ABCL
Segment breakdown not available.
ACTG
| Energy Operations | $16.0M | 32% |
| Transportation Safety | $10.4M | 21% |
| Office Storage And Display Solutions | $8.4M | 17% |
| Printers Consumables And Parts | $6.5M | 13% |
| Natural Gas Reserves | $5.1M | 10% |
| Natural Gas Liquids Reserves | $3.3M | 7% |
