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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and ThredUp Inc. (TDUP). Click either name above to swap in a different company.
ThredUp Inc. is the larger business by last-quarter revenue ($81.7M vs $50.1M, roughly 1.6× ACACIA RESEARCH CORP). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -7.9%, a 14.7% gap on every dollar of revenue. On growth, ThredUp Inc. posted the faster year-over-year revenue change (14.6% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 10.6%).
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.
ThredUp Inc. is an American company that operates an online resale platform specializing in the sale of second-hand clothing, footwear, and accessories. Founded in 2009 and headquartered in Oakland, California, it has established itself as one of the leading resale fashion marketplaces.
ACTG vs TDUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $81.7M |
| Net Profit | $3.4M | $-6.5M |
| Gross Margin | 12.8% | 79.2% |
| Operating Margin | -26.1% | 12.8% |
| Net Margin | 6.8% | -7.9% |
| Revenue YoY | 2.6% | 14.6% |
| Net Profit YoY | 125.5% | -24.1% |
| EPS (diluted) | $0.03 | $-0.05 |
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.
| Q1 26 | — | $81.7M | ||
| Q4 25 | $50.1M | $79.7M | ||
| Q3 25 | $59.4M | $82.2M | ||
| Q2 25 | $51.2M | $77.7M | ||
| Q1 25 | $124.4M | $71.3M | ||
| Q4 24 | $48.8M | $67.3M | ||
| Q3 24 | $23.3M | $61.5M | ||
| Q2 24 | $25.8M | $66.7M |
| Q1 26 | — | $-6.5M | ||
| Q4 25 | $3.4M | $-5.6M | ||
| Q3 25 | $-2.7M | $-4.2M | ||
| Q2 25 | $-3.3M | $-5.2M | ||
| Q1 25 | $24.3M | $-5.2M | ||
| Q4 24 | $-13.4M | $-21.7M | ||
| Q3 24 | $-14.0M | $-24.8M | ||
| Q2 24 | $-8.4M | $-14.0M |
| Q1 26 | — | 79.2% | ||
| Q4 25 | 12.8% | 79.6% | ||
| Q3 25 | 21.2% | 79.4% | ||
| Q2 25 | 12.8% | 79.5% | ||
| Q1 25 | 47.4% | 79.1% | ||
| Q4 24 | 17.6% | 80.4% | ||
| Q3 24 | 10.1% | 79.3% | ||
| Q2 24 | 26.2% | 78.8% |
| Q1 26 | — | 12.8% | ||
| Q4 25 | -26.1% | -8.4% | ||
| Q3 25 | -10.8% | -5.3% | ||
| Q2 25 | -24.2% | -6.8% | ||
| Q1 25 | 30.8% | -7.6% | ||
| Q4 24 | -32.4% | -12.1% | ||
| Q3 24 | -44.1% | -17.0% | ||
| Q2 24 | -18.4% | -14.4% |
| Q1 26 | — | -7.9% | ||
| Q4 25 | 6.8% | -7.0% | ||
| Q3 25 | -4.6% | -5.2% | ||
| Q2 25 | -6.4% | -6.7% | ||
| Q1 25 | 19.5% | -7.3% | ||
| Q4 24 | -27.5% | -32.3% | ||
| Q3 24 | -60.0% | -40.3% | ||
| Q2 24 | -32.7% | -20.9% |
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $0.03 | $-0.06 | ||
| Q3 25 | $-0.03 | $-0.03 | ||
| Q2 25 | $-0.03 | $-0.04 | ||
| Q1 25 | $0.25 | $-0.04 | ||
| Q4 24 | $-0.14 | $-0.19 | ||
| Q3 24 | $-0.14 | $-0.22 | ||
| Q2 24 | $-0.08 | $-0.13 |
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 | $39.0M |
| Total DebtLower is stronger | $91.9M | $17.7M |
| Stockholders' EquityBook value | $543.5M | $59.4M |
| Total Assets | $771.0M | $172.4M |
| Debt / EquityLower = less leverage | 0.17× | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.0M | ||
| Q4 25 | $306.7M | $38.6M | ||
| Q3 25 | $301.8M | $46.2M | ||
| Q2 25 | $316.7M | $41.0M | ||
| Q1 25 | $272.0M | $41.1M | ||
| Q4 24 | $273.9M | $31.9M | ||
| Q3 24 | $410.9M | $43.7M | ||
| Q2 24 | $441.9M | $44.8M |
| Q1 26 | — | $17.7M | ||
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $59.4M | ||
| Q4 25 | $543.5M | $59.2M | ||
| Q3 25 | $537.6M | $59.1M | ||
| Q2 25 | $538.6M | $60.2M | ||
| Q1 25 | $540.2M | $56.1M | ||
| Q4 24 | $514.8M | $56.3M | ||
| Q3 24 | $540.2M | $69.3M | ||
| Q2 24 | $560.7M | $86.5M |
| Q1 26 | — | $172.4M | ||
| Q4 25 | $771.0M | $167.2M | ||
| Q3 25 | $768.9M | $172.5M | ||
| Q2 25 | $775.5M | $173.6M | ||
| Q1 25 | $801.6M | $172.5M | ||
| Q4 24 | $756.4M | $171.2M | ||
| Q3 24 | $707.6M | $214.9M | ||
| Q2 24 | $753.6M | $231.2M |
| Q1 26 | — | 0.30× | ||
| Q4 25 | 0.17× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $4.8M |
| 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.
| Q1 26 | — | $4.8M | ||
| Q4 25 | $75.2M | $-1.5M | ||
| Q3 25 | $9.5M | $6.0M | ||
| Q2 25 | $50.1M | $344.0K | ||
| Q1 25 | $2.4M | $5.7M | ||
| Q4 24 | $50.1M | $663.0K | ||
| Q3 24 | $-593.0K | $3.3M | ||
| Q2 24 | $16.1M | $-5.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-3.2M | ||
| Q3 25 | — | $2.4M | ||
| Q2 25 | — | $-2.9M | ||
| Q1 25 | $335.0K | $3.9M | ||
| Q4 24 | $-98.5M | $-1.8M | ||
| Q3 24 | $-2.8M | $1.2M | ||
| Q2 24 | $-126.7M | $-5.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | -4.0% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | -3.8% | ||
| Q1 25 | 0.3% | 5.5% | ||
| Q4 24 | -201.8% | -2.7% | ||
| Q3 24 | -12.1% | 2.0% | ||
| Q2 24 | -490.5% | -8.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | 1.7% | 2.5% | ||
| Q4 24 | 304.4% | 3.7% | ||
| Q3 24 | 9.6% | 3.5% | ||
| Q2 24 | 553.0% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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% |
TDUP
Segment breakdown not available.
