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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and HARROW, INC. (HROW). Click either name above to swap in a different company.
HARROW, INC. is the larger business by last-quarter revenue ($89.1M vs $50.1M, roughly 1.8× ACACIA RESEARCH CORP). HARROW, INC. runs the higher net margin — 7.4% vs 6.8%, a 0.6% gap on every dollar of revenue. On growth, HARROW, INC. posted the faster year-over-year revenue change (33.3% vs 2.6%). Over the past eight quarters, HARROW, INC.'s revenue compounded faster (60.5% CAGR vs 43.6%).
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.
Harrow Health, Inc., formerly known as Imprimis Pharmaceuticals, is a publicly traded pharmaceutical company based in Nashville, Tennessee.
ACTG vs HROW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $89.1M |
| Net Profit | $3.4M | $6.6M |
| Gross Margin | 12.8% | 79.3% |
| Operating Margin | -26.1% | 17.5% |
| Net Margin | 6.8% | 7.4% |
| Revenue YoY | 2.6% | 33.3% |
| Net Profit YoY | 125.5% | -2.2% |
| EPS (diluted) | $0.03 | $0.20 |
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 | $89.1M | ||
| Q3 25 | $59.4M | $71.6M | ||
| Q2 25 | $51.2M | $63.7M | ||
| Q1 25 | $124.4M | $47.8M | ||
| Q4 24 | $48.8M | $66.8M | ||
| Q3 24 | $23.3M | $49.3M | ||
| Q2 24 | $25.8M | $48.9M | ||
| Q1 24 | $24.3M | $34.6M |
| Q4 25 | $3.4M | $6.6M | ||
| Q3 25 | $-2.7M | $1.0M | ||
| Q2 25 | $-3.3M | $5.0M | ||
| Q1 25 | $24.3M | $-17.8M | ||
| Q4 24 | $-13.4M | $6.8M | ||
| Q3 24 | $-14.0M | $-4.2M | ||
| Q2 24 | $-8.4M | $-6.5M | ||
| Q1 24 | $-186.0K | $-13.6M |
| Q4 25 | 12.8% | 79.3% | ||
| Q3 25 | 21.2% | 75.3% | ||
| Q2 25 | 12.8% | 74.5% | ||
| Q1 25 | 47.4% | 67.5% | ||
| Q4 24 | 17.6% | 78.8% | ||
| Q3 24 | 10.1% | 75.6% | ||
| Q2 24 | 26.2% | 74.4% | ||
| Q1 24 | 49.2% | 69.5% |
| Q4 25 | -26.1% | 17.5% | ||
| Q3 25 | -10.8% | 20.6% | ||
| Q2 25 | -24.2% | 17.9% | ||
| Q1 25 | 30.8% | -23.5% | ||
| Q4 24 | -32.4% | 19.3% | ||
| Q3 24 | -44.1% | 2.7% | ||
| Q2 24 | -18.4% | 3.1% | ||
| Q1 24 | -8.6% | -20.0% |
| Q4 25 | 6.8% | 7.4% | ||
| Q3 25 | -4.6% | 1.4% | ||
| Q2 25 | -6.4% | 7.8% | ||
| Q1 25 | 19.5% | -37.2% | ||
| Q4 24 | -27.5% | 10.1% | ||
| Q3 24 | -60.0% | -8.6% | ||
| Q2 24 | -32.7% | -13.2% | ||
| Q1 24 | -0.8% | -39.2% |
| Q4 25 | $0.03 | $0.20 | ||
| Q3 25 | $-0.03 | $0.03 | ||
| Q2 25 | $-0.03 | $0.13 | ||
| Q1 25 | $0.25 | $-0.50 | ||
| Q4 24 | $-0.14 | $0.19 | ||
| Q3 24 | $-0.14 | $-0.12 | ||
| Q2 24 | $-0.08 | $-0.18 | ||
| Q1 24 | $0.00 | $-0.38 |
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 | $72.9M |
| Total DebtLower is stronger | $91.9M | $250.0M |
| Stockholders' EquityBook value | $543.5M | $52.4M |
| Total Assets | $771.0M | $399.5M |
| Debt / EquityLower = less leverage | 0.17× | 4.77× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $72.9M | ||
| Q3 25 | $301.8M | $74.3M | ||
| Q2 25 | $316.7M | $53.0M | ||
| Q1 25 | $272.0M | $66.7M | ||
| Q4 24 | $273.9M | $47.2M | ||
| Q3 24 | $410.9M | $72.6M | ||
| Q2 24 | $441.9M | $71.0M | ||
| Q1 24 | $498.4M | $76.0M |
| Q4 25 | $91.9M | $250.0M | ||
| Q3 25 | — | $347.2M | ||
| Q2 25 | — | $250.6M | ||
| Q1 25 | — | $256.9M | ||
| Q4 24 | — | $262.7M | ||
| Q3 24 | — | $230.7M | ||
| Q2 24 | — | $236.3M | ||
| Q1 24 | — | $243.4M |
| Q4 25 | $543.5M | $52.4M | ||
| Q3 25 | $537.6M | $47.0M | ||
| Q2 25 | $538.6M | $49.7M | ||
| Q1 25 | $540.2M | $56.5M | ||
| Q4 24 | $514.8M | $69.7M | ||
| Q3 24 | $540.2M | $58.0M | ||
| Q2 24 | $560.7M | $58.5M | ||
| Q1 24 | $568.3M | $60.6M |
| Q4 25 | $771.0M | $399.5M | ||
| Q3 25 | $768.9M | $363.1M | ||
| Q2 25 | $775.5M | $345.0M | ||
| Q1 25 | $801.6M | $364.2M | ||
| Q4 24 | $756.4M | $389.0M | ||
| Q3 24 | $707.6M | $351.5M | ||
| Q2 24 | $753.6M | $306.6M | ||
| Q1 24 | $631.7M | $295.5M |
| Q4 25 | 0.17× | 4.77× | ||
| Q3 25 | — | 7.39× | ||
| Q2 25 | — | 5.05× | ||
| Q1 25 | — | 4.55× | ||
| Q4 24 | — | 3.77× | ||
| Q3 24 | — | 3.98× | ||
| Q2 24 | — | 4.04× | ||
| Q1 24 | — | 4.02× |
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 | $8.4M |
| Free Cash FlowOCF − Capex | — | $8.1M |
| FCF MarginFCF / Revenue | — | 9.1% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 22.01× | 1.27× |
| TTM Free Cash FlowTrailing 4 quarters | — | $43.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $8.4M | ||
| Q3 25 | $9.5M | $16.6M | ||
| Q2 25 | $50.1M | $-803.0K | ||
| Q1 25 | $2.4M | $19.7M | ||
| Q4 24 | $50.1M | $-17.8M | ||
| Q3 24 | $-593.0K | $3.0M | ||
| Q2 24 | $16.1M | $-2.7M | ||
| Q1 24 | $54.8M | $-4.6M |
| Q4 25 | — | $8.1M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $-969.0K | ||
| Q1 25 | $335.0K | $19.5M | ||
| Q4 24 | $-98.5M | $-18.3M | ||
| Q3 24 | $-2.8M | $2.3M | ||
| Q2 24 | $-126.7M | $-3.1M | ||
| Q1 24 | $54.6M | $-4.7M |
| Q4 25 | — | 9.1% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | -1.5% | ||
| Q1 25 | 0.3% | 40.8% | ||
| Q4 24 | -201.8% | -27.4% | ||
| Q3 24 | -12.1% | 4.8% | ||
| Q2 24 | -490.5% | -6.3% | ||
| Q1 24 | 224.4% | -13.6% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | 1.7% | 0.4% | ||
| Q4 24 | 304.4% | 0.8% | ||
| Q3 24 | 9.6% | 1.2% | ||
| Q2 24 | 553.0% | 0.7% | ||
| Q1 24 | 1.1% | 0.3% |
| Q4 25 | 22.01× | 1.27× | ||
| Q3 25 | — | 16.26× | ||
| Q2 25 | — | -0.16× | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | -2.62× | ||
| Q3 24 | — | — | ||
| 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% |
HROW
Segment breakdown not available.
