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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and RxSight, Inc. (RXST). Click either name above to swap in a different company.
ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $32.6M, roughly 1.5× RxSight, Inc.). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -28.1%, a 34.9% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs -18.9%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 5.1%).
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.
RxSight, Inc. is a medical technology company focused on developing and commercializing innovative intraocular lens solutions for patients undergoing cataract and refractive lens exchange procedures. Its flagship Light Adjustable Lens allows post-surgery power adjustment via a dedicated light delivery device, serving global ophthalmology care markets to improve post-operative visual outcomes for patients.
ACTG vs RXST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $32.6M |
| Net Profit | $3.4M | $-9.2M |
| Gross Margin | 12.8% | 77.5% |
| Operating Margin | -26.1% | -34.8% |
| Net Margin | 6.8% | -28.1% |
| Revenue YoY | 2.6% | -18.9% |
| Net Profit YoY | 125.5% | -54.1% |
| EPS (diluted) | $0.03 | $-0.22 |
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 | $32.6M | ||
| Q3 25 | $59.4M | $30.3M | ||
| Q2 25 | $51.2M | $33.6M | ||
| Q1 25 | $124.4M | $37.9M | ||
| Q4 24 | $48.8M | $40.2M | ||
| Q3 24 | $23.3M | $35.3M | ||
| Q2 24 | $25.8M | $34.9M | ||
| Q1 24 | $24.3M | $29.5M |
| Q4 25 | $3.4M | $-9.2M | ||
| Q3 25 | $-2.7M | $-9.8M | ||
| Q2 25 | $-3.3M | $-11.8M | ||
| Q1 25 | $24.3M | $-8.2M | ||
| Q4 24 | $-13.4M | $-5.9M | ||
| Q3 24 | $-14.0M | $-6.3M | ||
| Q2 24 | $-8.4M | $-6.1M | ||
| Q1 24 | $-186.0K | $-9.1M |
| Q4 25 | 12.8% | 77.5% | ||
| Q3 25 | 21.2% | 79.9% | ||
| Q2 25 | 12.8% | 74.9% | ||
| Q1 25 | 47.4% | 74.8% | ||
| Q4 24 | 17.6% | 71.6% | ||
| Q3 24 | 10.1% | 71.4% | ||
| Q2 24 | 26.2% | 69.5% | ||
| Q1 24 | 49.2% | 70.1% |
| Q4 25 | -26.1% | -34.8% | ||
| Q3 25 | -10.8% | -40.1% | ||
| Q2 25 | -24.2% | -41.6% | ||
| Q1 25 | 30.8% | -28.2% | ||
| Q4 24 | -32.4% | -21.5% | ||
| Q3 24 | -44.1% | -26.1% | ||
| Q2 24 | -18.4% | -23.9% | ||
| Q1 24 | -8.6% | -36.2% |
| Q4 25 | 6.8% | -28.1% | ||
| Q3 25 | -4.6% | -32.4% | ||
| Q2 25 | -6.4% | -35.0% | ||
| Q1 25 | 19.5% | -21.6% | ||
| Q4 24 | -27.5% | -14.8% | ||
| Q3 24 | -60.0% | -17.9% | ||
| Q2 24 | -32.7% | -17.4% | ||
| Q1 24 | -0.8% | -30.8% |
| Q4 25 | $0.03 | $-0.22 | ||
| Q3 25 | $-0.03 | $-0.24 | ||
| Q2 25 | $-0.03 | $-0.29 | ||
| Q1 25 | $0.25 | $-0.20 | ||
| Q4 24 | $-0.14 | $-0.14 | ||
| Q3 24 | $-0.14 | $-0.16 | ||
| Q2 24 | $-0.08 | $-0.16 | ||
| Q1 24 | $0.00 | $-0.25 |
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 | $228.1M |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $275.7M |
| Total Assets | $771.0M | $311.8M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $228.1M | ||
| Q3 25 | $301.8M | $227.5M | ||
| Q2 25 | $316.7M | $227.5M | ||
| Q1 25 | $272.0M | $229.3M | ||
| Q4 24 | $273.9M | $237.2M | ||
| Q3 24 | $410.9M | $237.1M | ||
| Q2 24 | $441.9M | $233.3M | ||
| Q1 24 | $498.4M | $125.4M |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $275.7M | ||
| Q3 25 | $537.6M | $276.0M | ||
| Q2 25 | $538.6M | $278.0M | ||
| Q1 25 | $540.2M | $279.3M | ||
| Q4 24 | $514.8M | $281.2M | ||
| Q3 24 | $540.2M | $277.3M | ||
| Q2 24 | $560.7M | $275.2M | ||
| Q1 24 | $568.3M | $163.9M |
| Q4 25 | $771.0M | $311.8M | ||
| Q3 25 | $768.9M | $308.5M | ||
| Q2 25 | $775.5M | $309.0M | ||
| Q1 25 | $801.6M | $313.0M | ||
| Q4 24 | $756.4M | $318.6M | ||
| Q3 24 | $707.6M | $310.5M | ||
| Q2 24 | $753.6M | $305.5M | ||
| Q1 24 | $631.7M | $183.2M |
| 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 | $-1.1M |
| Free Cash FlowOCF − Capex | — | $-2.3M |
| FCF MarginFCF / Revenue | — | -6.9% |
| Capex IntensityCapex / Revenue | — | 3.5% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-19.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $-1.1M | ||
| Q3 25 | $9.5M | $-1.2M | ||
| Q2 25 | $50.1M | $-4.4M | ||
| Q1 25 | $2.4M | $-8.8M | ||
| Q4 24 | $50.1M | $-4.3M | ||
| Q3 24 | $-593.0K | $650.0K | ||
| Q2 24 | $16.1M | $-4.0M | ||
| Q1 24 | $54.8M | $-9.3M |
| Q4 25 | — | $-2.3M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-5.9M | ||
| Q1 25 | $335.0K | $-9.4M | ||
| Q4 24 | $-98.5M | $-5.1M | ||
| Q3 24 | $-2.8M | $-453.0K | ||
| Q2 24 | $-126.7M | $-5.5M | ||
| Q1 24 | $54.6M | $-11.3M |
| Q4 25 | — | -6.9% | ||
| Q3 25 | — | -5.8% | ||
| Q2 25 | — | -17.6% | ||
| Q1 25 | 0.3% | -24.8% | ||
| Q4 24 | -201.8% | -12.7% | ||
| Q3 24 | -12.1% | -1.3% | ||
| Q2 24 | -490.5% | -15.9% | ||
| Q1 24 | 224.4% | -38.2% |
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | 1.7% | 1.5% | ||
| Q4 24 | 304.4% | 2.1% | ||
| Q3 24 | 9.6% | 3.1% | ||
| Q2 24 | 553.0% | 4.4% | ||
| Q1 24 | 1.1% | 6.7% |
| 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% |
RXST
| Rxlal | $28.2M | 86% |
| LDD | $3.0M | 9% |
| Service Warranty Service Contracts And Accessories | $1.5M | 4% |
