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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and GYRE THERAPEUTICS, INC. (GYRE). Click either name above to swap in a different company.

ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $37.2M, roughly 1.3× GYRE THERAPEUTICS, INC.). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -3.7%, a 10.5% gap on every dollar of revenue. On growth, GYRE THERAPEUTICS, INC. posted the faster year-over-year revenue change (33.4% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 17.0%).

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.

GYRE Therapeutics, Inc. is a clinical-stage biopharmaceutical company dedicated to developing novel targeted therapies for hard-to-treat hematologic malignancies and solid tumors. It focuses on precision oncology to address unmet patient needs, with operations primarily based in North America.

ACTG vs GYRE — Head-to-Head

Bigger by revenue
ACTG
ACTG
1.3× larger
ACTG
$50.1M
$37.2M
GYRE
Growing faster (revenue YoY)
GYRE
GYRE
+30.8% gap
GYRE
33.4%
2.6%
ACTG
Higher net margin
ACTG
ACTG
10.5% more per $
ACTG
6.8%
-3.7%
GYRE
Faster 2-yr revenue CAGR
ACTG
ACTG
Annualised
ACTG
43.6%
17.0%
GYRE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACTG
ACTG
GYRE
GYRE
Revenue
$50.1M
$37.2M
Net Profit
$3.4M
$-1.4M
Gross Margin
12.8%
95.3%
Operating Margin
-26.1%
0.3%
Net Margin
6.8%
-3.7%
Revenue YoY
2.6%
33.4%
Net Profit YoY
125.5%
-340.1%
EPS (diluted)
$0.03
$-0.01

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.

Revenue
ACTG
ACTG
GYRE
GYRE
Q4 25
$50.1M
$37.2M
Q3 25
$59.4M
$30.6M
Q2 25
$51.2M
$26.8M
Q1 25
$124.4M
$22.1M
Q4 24
$48.8M
$27.9M
Q3 24
$23.3M
$25.5M
Q2 24
$25.8M
$25.2M
Q1 24
$24.3M
$27.2M
Net Profit
ACTG
ACTG
GYRE
GYRE
Q4 25
$3.4M
$-1.4M
Q3 25
$-2.7M
$5.9M
Q2 25
$-3.3M
$1.6M
Q1 25
$24.3M
$3.7M
Q4 24
$-13.4M
$569.0K
Q3 24
$-14.0M
$2.9M
Q2 24
$-8.4M
$4.5M
Q1 24
$-186.0K
$9.9M
Gross Margin
ACTG
ACTG
GYRE
GYRE
Q4 25
12.8%
95.3%
Q3 25
21.2%
94.7%
Q2 25
12.8%
95.7%
Q1 25
47.4%
95.9%
Q4 24
17.6%
95.8%
Q3 24
10.1%
96.2%
Q2 24
26.2%
96.9%
Q1 24
49.2%
96.4%
Operating Margin
ACTG
ACTG
GYRE
GYRE
Q4 25
-26.1%
0.3%
Q3 25
-10.8%
22.7%
Q2 25
-24.2%
8.1%
Q1 25
30.8%
10.3%
Q4 24
-32.4%
2.4%
Q3 24
-44.1%
16.6%
Q2 24
-18.4%
12.7%
Q1 24
-8.6%
29.7%
Net Margin
ACTG
ACTG
GYRE
GYRE
Q4 25
6.8%
-3.7%
Q3 25
-4.6%
19.4%
Q2 25
-6.4%
5.9%
Q1 25
19.5%
16.9%
Q4 24
-27.5%
2.0%
Q3 24
-60.0%
11.2%
Q2 24
-32.7%
18.0%
Q1 24
-0.8%
36.6%
EPS (diluted)
ACTG
ACTG
GYRE
GYRE
Q4 25
$0.03
$-0.01
Q3 25
$-0.03
$0.03
Q2 25
$-0.03
$0.00
Q1 25
$0.25
$0.00
Q4 24
$-0.14
$0.00
Q3 24
$-0.14
$0.01
Q2 24
$-0.08
$0.01
Q1 24
$0.00
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACTG
ACTG
GYRE
GYRE
Cash + ST InvestmentsLiquidity on hand
$306.7M
$52.4M
Total DebtLower is stronger
$91.9M
Stockholders' EquityBook value
$543.5M
$106.0M
Total Assets
$771.0M
$166.1M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACTG
ACTG
GYRE
GYRE
Q4 25
$306.7M
$52.4M
Q3 25
$301.8M
$60.0M
Q2 25
$316.7M
$54.4M
Q1 25
$272.0M
$29.9M
Q4 24
$273.9M
$26.7M
Q3 24
$410.9M
$25.1M
Q2 24
$441.9M
$25.1M
Q1 24
$498.4M
$37.4M
Total Debt
ACTG
ACTG
GYRE
GYRE
Q4 25
$91.9M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ACTG
ACTG
GYRE
GYRE
Q4 25
$543.5M
$106.0M
Q3 25
$537.6M
$101.9M
Q2 25
$538.6M
$92.0M
Q1 25
$540.2M
$68.1M
Q4 24
$514.8M
$63.3M
Q3 24
$540.2M
$63.2M
Q2 24
$560.7M
$60.4M
Q1 24
$568.3M
$56.6M
Total Assets
ACTG
ACTG
GYRE
GYRE
Q4 25
$771.0M
$166.1M
Q3 25
$768.9M
$159.4M
Q2 25
$775.5M
$152.6M
Q1 25
$801.6M
$129.8M
Q4 24
$756.4M
$125.4M
Q3 24
$707.6M
$125.2M
Q2 24
$753.6M
$120.9M
Q1 24
$631.7M
$122.0M
Debt / Equity
ACTG
ACTG
GYRE
GYRE
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
ACTG
ACTG
GYRE
GYRE
Operating Cash FlowLast quarter
$75.2M
$-5.6M
Free Cash FlowOCF − Capex
$-5.8M
FCF MarginFCF / Revenue
-15.5%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
22.01×
TTM Free Cash FlowTrailing 4 quarters
$-180.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACTG
ACTG
GYRE
GYRE
Q4 25
$75.2M
$-5.6M
Q3 25
$9.5M
$4.7M
Q2 25
$50.1M
$2.1M
Q1 25
$2.4M
$-129.0K
Q4 24
$50.1M
$-2.8M
Q3 24
$-593.0K
$1.7M
Q2 24
$16.1M
$-5.5M
Q1 24
$54.8M
$2.9M
Free Cash Flow
ACTG
ACTG
GYRE
GYRE
Q4 25
$-5.8M
Q3 25
$4.0M
Q2 25
$1.8M
Q1 25
$335.0K
$-251.0K
Q4 24
$-98.5M
$-2.8M
Q3 24
$-2.8M
$1.0M
Q2 24
$-126.7M
$-6.9M
Q1 24
$54.6M
$2.7M
FCF Margin
ACTG
ACTG
GYRE
GYRE
Q4 25
-15.5%
Q3 25
13.1%
Q2 25
6.8%
Q1 25
0.3%
-1.1%
Q4 24
-201.8%
-10.1%
Q3 24
-12.1%
4.1%
Q2 24
-490.5%
-27.5%
Q1 24
224.4%
9.8%
Capex Intensity
ACTG
ACTG
GYRE
GYRE
Q4 25
0.4%
Q3 25
2.2%
Q2 25
1.0%
Q1 25
1.7%
0.6%
Q4 24
304.4%
0.2%
Q3 24
9.6%
2.7%
Q2 24
553.0%
5.8%
Q1 24
1.1%
0.9%
Cash Conversion
ACTG
ACTG
GYRE
GYRE
Q4 25
22.01×
Q3 25
0.79×
Q2 25
1.32×
Q1 25
0.10×
-0.03×
Q4 24
-4.85×
Q3 24
0.60×
Q2 24
-1.21×
Q1 24
0.29×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACTG
ACTG

Energy Operations$16.0M32%
Transportation Safety$10.4M21%
Office Storage And Display Solutions$8.4M17%
Printers Consumables And Parts$6.5M13%
Natural Gas Reserves$5.1M10%
Natural Gas Liquids Reserves$3.3M7%

GYRE
GYRE

Segment breakdown not available.

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