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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
Repay Holdings Corp is the larger business by last-quarter revenue ($78.6M vs $50.1M, roughly 1.6× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -178.3%, a 185.1% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs 0.4%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs -1.3%).
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.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
ACTG vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $78.6M |
| Net Profit | $3.4M | $-140.1M |
| Gross Margin | 12.8% | 74.2% |
| Operating Margin | -26.1% | -182.2% |
| Net Margin | 6.8% | -178.3% |
| Revenue YoY | 2.6% | 0.4% |
| Net Profit YoY | 125.5% | -3304.1% |
| EPS (diluted) | $0.03 | $-1.68 |
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 | $78.6M | ||
| Q3 25 | $59.4M | $77.7M | ||
| Q2 25 | $51.2M | $75.6M | ||
| Q1 25 | $124.4M | $77.3M | ||
| Q4 24 | $48.8M | $78.3M | ||
| Q3 24 | $23.3M | $79.1M | ||
| Q2 24 | $25.8M | $74.9M | ||
| Q1 24 | $24.3M | $80.7M |
| Q4 25 | $3.4M | $-140.1M | ||
| Q3 25 | $-2.7M | $-6.4M | ||
| Q2 25 | $-3.3M | $-102.3M | ||
| Q1 25 | $24.3M | $-7.9M | ||
| Q4 24 | $-13.4M | $-4.1M | ||
| Q3 24 | $-14.0M | $3.2M | ||
| Q2 24 | $-8.4M | $-4.1M | ||
| Q1 24 | $-186.0K | $-5.2M |
| Q4 25 | 12.8% | 74.2% | ||
| Q3 25 | 21.2% | 74.4% | ||
| Q2 25 | 12.8% | 75.7% | ||
| Q1 25 | 47.4% | 75.9% | ||
| Q4 24 | 17.6% | 76.3% | ||
| Q3 24 | 10.1% | 77.8% | ||
| Q2 24 | 26.2% | 78.2% | ||
| Q1 24 | 49.2% | 76.2% |
| Q4 25 | -26.1% | -182.2% | ||
| Q3 25 | -10.8% | -3.9% | ||
| Q2 25 | -24.2% | -138.7% | ||
| Q1 25 | 30.8% | -4.7% | ||
| Q4 24 | -32.4% | -1.5% | ||
| Q3 24 | -44.1% | -0.9% | ||
| Q2 24 | -18.4% | -4.6% | ||
| Q1 24 | -8.6% | -3.1% |
| Q4 25 | 6.8% | -178.3% | ||
| Q3 25 | -4.6% | -8.3% | ||
| Q2 25 | -6.4% | -135.2% | ||
| Q1 25 | 19.5% | -10.3% | ||
| Q4 24 | -27.5% | -5.3% | ||
| Q3 24 | -60.0% | 4.1% | ||
| Q2 24 | -32.7% | -5.4% | ||
| Q1 24 | -0.8% | -6.5% |
| Q4 25 | $0.03 | $-1.68 | ||
| Q3 25 | $-0.03 | $-0.08 | ||
| Q2 25 | $-0.03 | $-1.15 | ||
| Q1 25 | $0.25 | $-0.09 | ||
| Q4 24 | $-0.14 | $-0.04 | ||
| Q3 24 | $-0.14 | $0.03 | ||
| Q2 24 | $-0.08 | $-0.04 | ||
| Q1 24 | $0.00 | $-0.06 |
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 | $115.7M |
| Total DebtLower is stronger | $91.9M | $280.1M |
| Stockholders' EquityBook value | $543.5M | $484.4M |
| Total Assets | $771.0M | $1.2B |
| Debt / EquityLower = less leverage | 0.17× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $115.7M | ||
| Q3 25 | $301.8M | $95.7M | ||
| Q2 25 | $316.7M | $162.6M | ||
| Q1 25 | $272.0M | $165.5M | ||
| Q4 24 | $273.9M | $189.5M | ||
| Q3 24 | $410.9M | $168.7M | ||
| Q2 24 | $441.9M | $147.1M | ||
| Q1 24 | $498.4M | $128.3M |
| Q4 25 | $91.9M | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
| Q4 25 | $543.5M | $484.4M | ||
| Q3 25 | $537.6M | $616.9M | ||
| Q2 25 | $538.6M | $633.7M | ||
| Q1 25 | $540.2M | $755.7M | ||
| Q4 24 | $514.8M | $761.3M | ||
| Q3 24 | $540.2M | $754.7M | ||
| Q2 24 | $560.7M | $815.4M | ||
| Q1 24 | $568.3M | $813.8M |
| Q4 25 | $771.0M | $1.2B | ||
| Q3 25 | $768.9M | $1.3B | ||
| Q2 25 | $775.5M | $1.4B | ||
| Q1 25 | $801.6M | $1.5B | ||
| Q4 24 | $756.4M | $1.6B | ||
| Q3 24 | $707.6M | $1.6B | ||
| Q2 24 | $753.6M | $1.5B | ||
| Q1 24 | $631.7M | $1.5B |
| Q4 25 | 0.17× | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 29.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $23.3M | ||
| Q3 25 | $9.5M | $32.2M | ||
| Q2 25 | $50.1M | $33.1M | ||
| Q1 25 | $2.4M | $2.5M | ||
| Q4 24 | $50.1M | $34.3M | ||
| Q3 24 | $-593.0K | $60.1M | ||
| Q2 24 | $16.1M | $31.0M | ||
| Q1 24 | $54.8M | $24.8M |
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | $335.0K | $2.4M | ||
| Q4 24 | $-98.5M | $34.0M | ||
| Q3 24 | $-2.8M | $59.8M | ||
| Q2 24 | $-126.7M | $30.5M | ||
| Q1 24 | $54.6M | $24.7M |
| Q4 25 | — | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | 0.3% | 3.0% | ||
| Q4 24 | -201.8% | 43.5% | ||
| Q3 24 | -12.1% | 75.6% | ||
| Q2 24 | -490.5% | 40.7% | ||
| Q1 24 | 224.4% | 30.6% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 304.4% | 0.3% | ||
| Q3 24 | 9.6% | 0.3% | ||
| Q2 24 | 553.0% | 0.6% | ||
| Q1 24 | 1.1% | 0.1% |
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| 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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
