vs
Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and CS Disco, Inc. (LAW). Click either name above to swap in a different company.
ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $41.2M, roughly 1.2× CS Disco, Inc.). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -20.7%, a 27.5% gap on every dollar of revenue. On growth, CS Disco, Inc. posted the faster year-over-year revenue change (11.3% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 7.6%).
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.
CS Disco, Inc. is a leading legal technology provider that develops cloud-based software solutions for legal practitioners. Its core offerings include e-discovery, document review, case management, and legal workflow automation tools, serving law firms, corporate legal teams, and government legal departments primarily in North America.
ACTG vs LAW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $41.2M |
| Net Profit | $3.4M | $-8.5M |
| Gross Margin | 12.8% | 75.1% |
| Operating Margin | -26.1% | -22.4% |
| Net Margin | 6.8% | -20.7% |
| Revenue YoY | 2.6% | 11.3% |
| Net Profit YoY | 125.5% | 66.3% |
| EPS (diluted) | $0.03 | $-0.13 |
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 | $41.2M | ||
| Q3 25 | $59.4M | $40.9M | ||
| Q2 25 | $51.2M | $38.1M | ||
| Q1 25 | $124.4M | $36.7M | ||
| Q4 24 | $48.8M | $37.0M | ||
| Q3 24 | $23.3M | $36.3M | ||
| Q2 24 | $25.8M | $36.0M | ||
| Q1 24 | $24.3M | $35.6M |
| Q4 25 | $3.4M | $-8.5M | ||
| Q3 25 | $-2.7M | $-13.7M | ||
| Q2 25 | $-3.3M | $-10.8M | ||
| Q1 25 | $24.3M | $-11.4M | ||
| Q4 24 | $-13.4M | $-25.2M | ||
| Q3 24 | $-14.0M | $-9.2M | ||
| Q2 24 | $-8.4M | $-10.8M | ||
| Q1 24 | $-186.0K | $-10.6M |
| Q4 25 | 12.8% | 75.1% | ||
| Q3 25 | 21.2% | 75.5% | ||
| Q2 25 | 12.8% | 74.6% | ||
| Q1 25 | 47.4% | 74.1% | ||
| Q4 24 | 17.6% | 74.2% | ||
| Q3 24 | 10.1% | 73.1% | ||
| Q2 24 | 26.2% | 74.2% | ||
| Q1 24 | 49.2% | 75.1% |
| Q4 25 | -26.1% | -22.4% | ||
| Q3 25 | -10.8% | -35.3% | ||
| Q2 25 | -24.2% | -31.0% | ||
| Q1 25 | 30.8% | -34.4% | ||
| Q4 24 | -32.4% | -70.6% | ||
| Q3 24 | -44.1% | -30.0% | ||
| Q2 24 | -18.4% | -34.4% | ||
| Q1 24 | -8.6% | -34.7% |
| Q4 25 | 6.8% | -20.7% | ||
| Q3 25 | -4.6% | -33.4% | ||
| Q2 25 | -6.4% | -28.4% | ||
| Q1 25 | 19.5% | -31.1% | ||
| Q4 24 | -27.5% | -68.1% | ||
| Q3 24 | -60.0% | -25.3% | ||
| Q2 24 | -32.7% | -30.1% | ||
| Q1 24 | -0.8% | -29.7% |
| Q4 25 | $0.03 | $-0.13 | ||
| Q3 25 | $-0.03 | $-0.22 | ||
| Q2 25 | $-0.03 | $-0.18 | ||
| Q1 25 | $0.25 | $-0.19 | ||
| Q4 24 | $-0.14 | $-0.43 | ||
| Q3 24 | $-0.14 | $-0.15 | ||
| Q2 24 | $-0.08 | $-0.18 | ||
| Q1 24 | $0.00 | $-0.17 |
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 | $114.6M |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $128.1M |
| Total Assets | $771.0M | $173.6M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $114.6M | ||
| Q3 25 | $301.8M | $113.5M | ||
| Q2 25 | $316.7M | $114.5M | ||
| Q1 25 | $272.0M | $118.8M | ||
| Q4 24 | $273.9M | $129.1M | ||
| Q3 24 | $410.9M | $126.8M | ||
| Q2 24 | $441.9M | $130.0M | ||
| Q1 24 | $498.4M | $148.7M |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $128.1M | ||
| Q3 25 | $537.6M | $130.6M | ||
| Q2 25 | $538.6M | $137.9M | ||
| Q1 25 | $540.2M | $142.2M | ||
| Q4 24 | $514.8M | $147.5M | ||
| Q3 24 | $540.2M | $167.3M | ||
| Q2 24 | $560.7M | $170.9M | ||
| Q1 24 | $568.3M | $193.2M |
| Q4 25 | $771.0M | $173.6M | ||
| Q3 25 | $768.9M | $174.8M | ||
| Q2 25 | $775.5M | $164.9M | ||
| Q1 25 | $801.6M | $168.0M | ||
| Q4 24 | $756.4M | $180.3M | ||
| Q3 24 | $707.6M | $194.4M | ||
| Q2 24 | $753.6M | $198.0M | ||
| Q1 24 | $631.7M | $217.3M |
| 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 | $75.2M | $762.0K |
| Free Cash FlowOCF − Capex | — | $255.0K |
| FCF MarginFCF / Revenue | — | 0.6% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-18.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $762.0K | ||
| Q3 25 | $9.5M | $-979.0K | ||
| Q2 25 | $50.1M | $-4.2M | ||
| Q1 25 | $2.4M | $-10.5M | ||
| Q4 24 | $50.1M | $2.1M | ||
| Q3 24 | $-593.0K | $-2.9M | ||
| Q2 24 | $16.1M | $-650.0K | ||
| Q1 24 | $54.8M | $-7.3M |
| Q4 25 | — | $255.0K | ||
| Q3 25 | — | $-2.0M | ||
| Q2 25 | — | $-5.2M | ||
| Q1 25 | $335.0K | $-11.0M | ||
| Q4 24 | $-98.5M | $1.5M | ||
| Q3 24 | $-2.8M | $-3.7M | ||
| Q2 24 | $-126.7M | $-1.3M | ||
| Q1 24 | $54.6M | $-8.0M |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | -5.0% | ||
| Q2 25 | — | -13.6% | ||
| Q1 25 | 0.3% | -30.1% | ||
| Q4 24 | -201.8% | 4.1% | ||
| Q3 24 | -12.1% | -10.3% | ||
| Q2 24 | -490.5% | -3.6% | ||
| Q1 24 | 224.4% | -22.5% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | 1.7% | 1.4% | ||
| Q4 24 | 304.4% | 1.5% | ||
| Q3 24 | 9.6% | 2.4% | ||
| Q2 24 | 553.0% | 1.8% | ||
| Q1 24 | 1.1% | 1.9% |
| 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
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% |
LAW
| Software | $35.1M | 85% |
| Services | $6.0M | 15% |
