vs
Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and Globalstar, Inc. (GSAT). Click either name above to swap in a different company.
Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $50.1M, roughly 1.4× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -16.1%, a 23.0% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 12.9%).
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.
Globalstar, Inc. is an American telecommunications company that operates a satellite constellation in low Earth orbit (LEO) for satellite phone, low-speed data transmission and Earth observation. The Globalstar second-generation constellation consists of 25 satellites.
ACTG vs GSAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $72.0M |
| Net Profit | $3.4M | $-11.6M |
| Gross Margin | 12.8% | — |
| Operating Margin | -26.1% | -0.5% |
| Net Margin | 6.8% | -16.1% |
| Revenue YoY | 2.6% | 17.6% |
| Net Profit YoY | 125.5% | 76.9% |
| EPS (diluted) | $0.03 | $-0.11 |
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 | $50.1M | $72.0M | ||
| Q3 25 | $59.4M | $73.8M | ||
| Q2 25 | $51.2M | $67.1M | ||
| Q1 25 | $124.4M | $60.0M | ||
| Q4 24 | $48.8M | $61.2M | ||
| Q3 24 | $23.3M | $72.3M | ||
| Q2 24 | $25.8M | $60.4M | ||
| Q1 24 | $24.3M | $56.5M |
| Q4 25 | $3.4M | $-11.6M | ||
| Q3 25 | $-2.7M | $1.1M | ||
| Q2 25 | $-3.3M | $19.2M | ||
| Q1 25 | $24.3M | $-17.3M | ||
| Q4 24 | $-13.4M | $-50.2M | ||
| Q3 24 | $-14.0M | $9.9M | ||
| Q2 24 | $-8.4M | $-9.7M | ||
| Q1 24 | $-186.0K | $-13.2M |
| 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 | -26.1% | -0.5% | ||
| Q3 25 | -10.8% | 13.8% | ||
| Q2 25 | -24.2% | 9.2% | ||
| Q1 25 | 30.8% | -14.2% | ||
| Q4 24 | -32.4% | -6.9% | ||
| Q3 24 | -44.1% | 13.0% | ||
| Q2 24 | -18.4% | -2.4% | ||
| Q1 24 | -8.6% | -8.3% |
| Q4 25 | 6.8% | -16.1% | ||
| Q3 25 | -4.6% | 1.5% | ||
| Q2 25 | -6.4% | 28.6% | ||
| Q1 25 | 19.5% | -28.9% | ||
| Q4 24 | -27.5% | -82.1% | ||
| Q3 24 | -60.0% | 13.7% | ||
| Q2 24 | -32.7% | -16.0% | ||
| Q1 24 | -0.8% | -23.4% |
| Q4 25 | $0.03 | $-0.11 | ||
| Q3 25 | $-0.03 | $-0.01 | ||
| Q2 25 | $-0.03 | $0.13 | ||
| Q1 25 | $0.25 | $-0.16 | ||
| Q4 24 | $-0.14 | $-0.57 | ||
| Q3 24 | $-0.14 | $0.00 | ||
| Q2 24 | $-0.08 | $-0.01 | ||
| Q1 24 | $0.00 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $306.7M | $447.5M |
| Total DebtLower is stronger | $91.9M | $483.8M |
| Stockholders' EquityBook value | $543.5M | $355.7M |
| Total Assets | $771.0M | $2.3B |
| Debt / EquityLower = less leverage | 0.17× | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $447.5M | ||
| Q3 25 | $301.8M | $346.3M | ||
| Q2 25 | $316.7M | $308.2M | ||
| Q1 25 | $272.0M | $241.4M | ||
| Q4 24 | $273.9M | $391.2M | ||
| Q3 24 | $410.9M | $51.9M | ||
| Q2 24 | $441.9M | $64.3M | ||
| Q1 24 | $498.4M | $59.3M |
| Q4 25 | $91.9M | $483.8M | ||
| Q3 25 | — | $508.6M | ||
| Q2 25 | — | $491.5M | ||
| Q1 25 | — | $502.7M | ||
| Q4 24 | — | $511.4M | ||
| Q3 24 | — | $394.4M | ||
| Q2 24 | — | $393.1M | ||
| Q1 24 | — | $398.7M |
| Q4 25 | $543.5M | $355.7M | ||
| Q3 25 | $537.6M | $364.8M | ||
| Q2 25 | $538.6M | $360.9M | ||
| Q1 25 | $540.2M | $344.3M | ||
| Q4 24 | $514.8M | $358.9M | ||
| Q3 24 | $540.2M | $394.1M | ||
| Q2 24 | $560.7M | $383.0M | ||
| Q1 24 | $568.3M | $377.1M |
| Q4 25 | $771.0M | $2.3B | ||
| Q3 25 | $768.9M | $2.2B | ||
| Q2 25 | $775.5M | $1.9B | ||
| Q1 25 | $801.6M | $1.7B | ||
| Q4 24 | $756.4M | $1.7B | ||
| Q3 24 | $707.6M | $917.6M | ||
| Q2 24 | $753.6M | $926.2M | ||
| Q1 24 | $631.7M | $917.0M |
| Q4 25 | 0.17× | 1.36× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.06× |
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 | $75.2M | $175.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $175.9M | ||
| Q3 25 | $9.5M | $236.0M | ||
| Q2 25 | $50.1M | $157.9M | ||
| Q1 25 | $2.4M | $51.9M | ||
| Q4 24 | $50.1M | $340.7M | ||
| Q3 24 | $-593.0K | $32.0M | ||
| Q2 24 | $16.1M | $36.7M | ||
| Q1 24 | $54.8M | $29.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $335.0K | — | ||
| Q4 24 | $-98.5M | — | ||
| Q3 24 | $-2.8M | — | ||
| Q2 24 | $-126.7M | — | ||
| Q1 24 | $54.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | -201.8% | — | ||
| Q3 24 | -12.1% | — | ||
| Q2 24 | -490.5% | — | ||
| Q1 24 | 224.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 304.4% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 553.0% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | 216.53× | ||
| Q2 25 | — | 8.22× | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.23× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
