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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and STEM, INC. (STEM). Click either name above to swap in a different company.
ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $47.1M, roughly 1.1× STEM, INC.). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -33.9%, a 40.7% gap on every dollar of revenue. On growth, ACACIA RESEARCH CORP posted the faster year-over-year revenue change (2.6% vs -15.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 36.1%).
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.
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
ACTG vs STEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $47.1M |
| Net Profit | $3.4M | $-16.0M |
| Gross Margin | 12.8% | 48.9% |
| Operating Margin | -26.1% | -17.7% |
| Net Margin | 6.8% | -33.9% |
| Revenue YoY | 2.6% | -15.6% |
| Net Profit YoY | 125.5% | 68.8% |
| EPS (diluted) | $0.03 | $-4.40 |
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 | $47.1M | ||
| Q3 25 | $59.4M | $38.2M | ||
| Q2 25 | $51.2M | $38.4M | ||
| Q1 25 | $124.4M | $32.5M | ||
| Q4 24 | $48.8M | $55.8M | ||
| Q3 24 | $23.3M | $29.3M | ||
| Q2 24 | $25.8M | $34.0M | ||
| Q1 24 | $24.3M | $25.5M |
| Q4 25 | $3.4M | $-16.0M | ||
| Q3 25 | $-2.7M | $-23.8M | ||
| Q2 25 | $-3.3M | $202.5M | ||
| Q1 25 | $24.3M | $-25.0M | ||
| Q4 24 | $-13.4M | $-51.1M | ||
| Q3 24 | $-14.0M | $-148.3M | ||
| Q2 24 | $-8.4M | $-582.3M | ||
| Q1 24 | $-186.0K | $-72.3M |
| Q4 25 | 12.8% | 48.9% | ||
| Q3 25 | 21.2% | 35.5% | ||
| Q2 25 | 12.8% | 33.4% | ||
| Q1 25 | 47.4% | 32.4% | ||
| Q4 24 | 17.6% | -4.4% | ||
| Q3 24 | 10.1% | 21.2% | ||
| Q2 24 | 26.2% | 27.6% | ||
| Q1 24 | 49.2% | -95.0% |
| Q4 25 | -26.1% | -17.7% | ||
| Q3 25 | -10.8% | -33.6% | ||
| Q2 25 | -24.2% | -34.8% | ||
| Q1 25 | 30.8% | -65.0% | ||
| Q4 24 | -32.4% | -84.4% | ||
| Q3 24 | -44.1% | -493.2% | ||
| Q2 24 | -18.4% | -1705.5% | ||
| Q1 24 | -8.6% | -267.0% |
| Q4 25 | 6.8% | -33.9% | ||
| Q3 25 | -4.6% | -62.2% | ||
| Q2 25 | -6.4% | 527.8% | ||
| Q1 25 | 19.5% | -76.9% | ||
| Q4 24 | -27.5% | -91.6% | ||
| Q3 24 | -60.0% | -506.3% | ||
| Q2 24 | -32.7% | -1712.6% | ||
| Q1 24 | -0.8% | -283.9% |
| Q4 25 | $0.03 | $-4.40 | ||
| Q3 25 | $-0.03 | $-2.84 | ||
| Q2 25 | $-0.03 | $-1.79 | ||
| Q1 25 | $0.25 | $-0.15 | ||
| Q4 24 | $-0.14 | $-15.29 | ||
| Q3 24 | $-0.14 | $-18.24 | ||
| Q2 24 | $-0.08 | $-71.81 | ||
| Q1 24 | $0.00 | $-0.46 |
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 | $48.9M |
| Total DebtLower is stronger | $91.9M | — |
| Stockholders' EquityBook value | $543.5M | $-249.4M |
| Total Assets | $771.0M | $308.9M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | $48.9M | ||
| Q3 25 | $301.8M | $43.1M | ||
| Q2 25 | $316.7M | $40.8M | ||
| Q1 25 | $272.0M | $58.6M | ||
| Q4 24 | $273.9M | $56.3M | ||
| Q3 24 | $410.9M | $75.4M | ||
| Q2 24 | $441.9M | $89.6M | ||
| Q1 24 | $498.4M | $112.8M |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $543.5M | $-249.4M | ||
| Q3 25 | $537.6M | $-235.7M | ||
| Q2 25 | $538.6M | $-214.1M | ||
| Q1 25 | $540.2M | $-417.5M | ||
| Q4 24 | $514.8M | $-398.4M | ||
| Q3 24 | $540.2M | $-344.1M | ||
| Q2 24 | $560.7M | $-203.2M | ||
| Q1 24 | $568.3M | $371.6M |
| Q4 25 | $771.0M | $308.9M | ||
| Q3 25 | $768.9M | $362.6M | ||
| Q2 25 | $775.5M | $379.2M | ||
| Q1 25 | $801.6M | $405.1M | ||
| Q4 24 | $756.4M | $437.4M | ||
| Q3 24 | $707.6M | $537.8M | ||
| Q2 24 | $753.6M | $691.5M | ||
| Q1 24 | $631.7M | $1.3B |
| 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 | $8.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $8.2M | ||
| Q3 25 | $9.5M | $11.4M | ||
| Q2 25 | $50.1M | $-21.3M | ||
| Q1 25 | $2.4M | $8.5M | ||
| Q4 24 | $50.1M | $-14.7M | ||
| Q3 24 | $-593.0K | $-9.4M | ||
| Q2 24 | $16.1M | $-11.9M | ||
| Q1 24 | $54.8M | $-621.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $335.0K | — | ||
| Q4 24 | $-98.5M | — | ||
| Q3 24 | $-2.8M | — | ||
| Q2 24 | $-126.7M | — | ||
| Q1 24 | $54.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | -201.8% | — | ||
| Q3 24 | -12.1% | — | ||
| Q2 24 | -490.5% | — | ||
| Q1 24 | 224.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 304.4% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 553.0% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.11× | ||
| 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% |
STEM
Segment breakdown not available.
