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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and Ouster, Inc. (OUST). Click either name above to swap in a different company.
Ouster, Inc. is the larger business by last-quarter revenue ($62.2M vs $50.1M, roughly 1.2× ACACIA RESEARCH CORP). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 2.6%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% 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.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
ACTG vs OUST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $62.2M |
| Net Profit | $3.4M | — |
| Gross Margin | 12.8% | 60.2% |
| Operating Margin | -26.1% | 1.5% |
| Net Margin | 6.8% | — |
| Revenue YoY | 2.6% | 106.6% |
| Net Profit YoY | 125.5% | — |
| EPS (diluted) | $0.03 | $0.10 |
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 | $62.2M | ||
| Q3 25 | $59.4M | $39.5M | ||
| Q2 25 | $51.2M | $35.0M | ||
| Q1 25 | $124.4M | $32.6M | ||
| Q4 24 | $48.8M | $30.1M | ||
| Q3 24 | $23.3M | $28.1M | ||
| Q2 24 | $25.8M | $27.0M | ||
| Q1 24 | $24.3M | $25.9M |
| Q4 25 | $3.4M | — | ||
| Q3 25 | $-2.7M | $-21.7M | ||
| Q2 25 | $-3.3M | $-20.6M | ||
| Q1 25 | $24.3M | $-22.0M | ||
| Q4 24 | $-13.4M | — | ||
| Q3 24 | $-14.0M | $-25.6M | ||
| Q2 24 | $-8.4M | $-23.9M | ||
| Q1 24 | $-186.0K | $-23.8M |
| Q4 25 | 12.8% | 60.2% | ||
| Q3 25 | 21.2% | 42.1% | ||
| Q2 25 | 12.8% | 45.2% | ||
| Q1 25 | 47.4% | 41.3% | ||
| Q4 24 | 17.6% | 43.8% | ||
| Q3 24 | 10.1% | 38.3% | ||
| Q2 24 | 26.2% | 33.7% | ||
| Q1 24 | 49.2% | 28.6% |
| Q4 25 | -26.1% | 1.5% | ||
| Q3 25 | -10.8% | -61.4% | ||
| Q2 25 | -24.2% | -76.5% | ||
| Q1 25 | 30.8% | -73.0% | ||
| Q4 24 | -32.4% | -85.1% | ||
| Q3 24 | -44.1% | -98.0% | ||
| Q2 24 | -18.4% | -93.6% | ||
| Q1 24 | -8.6% | -99.5% |
| Q4 25 | 6.8% | — | ||
| Q3 25 | -4.6% | -55.0% | ||
| Q2 25 | -6.4% | -58.8% | ||
| Q1 25 | 19.5% | -67.5% | ||
| Q4 24 | -27.5% | — | ||
| Q3 24 | -60.0% | -91.1% | ||
| Q2 24 | -32.7% | -88.4% | ||
| Q1 24 | -0.8% | -91.9% |
| Q4 25 | $0.03 | $0.10 | ||
| Q3 25 | $-0.03 | $-0.37 | ||
| Q2 25 | $-0.03 | $-0.38 | ||
| Q1 25 | $0.25 | $-0.42 | ||
| Q4 24 | $-0.14 | $-0.46 | ||
| Q3 24 | $-0.14 | $-0.54 | ||
| Q2 24 | $-0.08 | $-0.53 | ||
| Q1 24 | $0.00 | $-0.55 |
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 | $208.6M |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $261.7M |
| Total Assets | $771.0M | $349.5M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $208.6M | ||
| Q3 25 | $301.8M | $244.5M | ||
| Q2 25 | $316.7M | $226.5M | ||
| Q1 25 | $272.0M | $168.2M | ||
| Q4 24 | $273.9M | $172.0M | ||
| Q3 24 | $410.9M | $151.4M | ||
| Q2 24 | $441.9M | $184.2M | ||
| Q1 24 | $498.4M | $187.8M |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $261.7M | ||
| Q3 25 | $537.6M | $247.4M | ||
| Q2 25 | $538.6M | $221.0M | ||
| Q1 25 | $540.2M | $167.9M | ||
| Q4 24 | $514.8M | $180.9M | ||
| Q3 24 | $540.2M | $171.7M | ||
| Q2 24 | $560.7M | $170.6M | ||
| Q1 24 | $568.3M | $167.2M |
| Q4 25 | $771.0M | $349.5M | ||
| Q3 25 | $768.9M | $353.8M | ||
| Q2 25 | $775.5M | $321.8M | ||
| Q1 25 | $801.6M | $268.6M | ||
| Q4 24 | $756.4M | $276.1M | ||
| Q3 24 | $707.6M | $255.2M | ||
| Q2 24 | $753.6M | $309.9M | ||
| Q1 24 | $631.7M | $317.7M |
| 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 | $75.2M | $-15.4M |
| Free Cash FlowOCF − Capex | — | $-37.2M |
| FCF MarginFCF / Revenue | — | -59.8% |
| Capex IntensityCapex / Revenue | — | 35.0% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-64.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $-15.4M | ||
| Q3 25 | $9.5M | $-18.3M | ||
| Q2 25 | $50.1M | $-1.3M | ||
| Q1 25 | $2.4M | $-4.9M | ||
| Q4 24 | $50.1M | $-2.6M | ||
| Q3 24 | $-593.0K | $-3.8M | ||
| Q2 24 | $16.1M | $-21.6M | ||
| Q1 24 | $54.8M | $-5.7M |
| Q4 25 | — | $-37.2M | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | — | $-2.2M | ||
| Q1 25 | $335.0K | $-5.4M | ||
| Q4 24 | $-98.5M | $-4.0M | ||
| Q3 24 | $-2.8M | $-4.3M | ||
| Q2 24 | $-126.7M | $-22.0M | ||
| Q1 24 | $54.6M | $-7.1M |
| Q4 25 | — | -59.8% | ||
| Q3 25 | — | -50.7% | ||
| Q2 25 | — | -6.3% | ||
| Q1 25 | 0.3% | -16.6% | ||
| Q4 24 | -201.8% | -13.3% | ||
| Q3 24 | -12.1% | -15.4% | ||
| Q2 24 | -490.5% | -81.5% | ||
| Q1 24 | 224.4% | -27.4% |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | 1.7% | 1.7% | ||
| Q4 24 | 304.4% | 4.8% | ||
| Q3 24 | 9.6% | 2.0% | ||
| Q2 24 | 553.0% | 1.3% | ||
| Q1 24 | 1.1% | 5.3% |
| 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% |
OUST
Segment breakdown not available.
