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Side-by-side financial comparison of ACACIA RESEARCH CORP (ACTG) and Veritone, Inc. (VERI). Click either name above to swap in a different company.
ACACIA RESEARCH CORP is the larger business by last-quarter revenue ($50.1M vs $26.6M, roughly 1.9× Veritone, Inc.). ACACIA RESEARCH CORP runs the higher net margin — 6.8% vs -109.8%, a 116.6% gap on every dollar of revenue. On growth, Veritone, Inc. posted the faster year-over-year revenue change (21.1% vs 2.6%). Over the past eight quarters, ACACIA RESEARCH CORP's revenue compounded faster (43.6% CAGR vs 39.0%).
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.
Veritone, Inc. is an American artificial intelligence technology company based in Irvine, California founded in 2014. It serves a variety of industries including media, professional sports teams, federal government agencies, energy utilities, and state and local police departments.
ACTG vs VERI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.1M | $26.6M |
| Net Profit | $3.4M | $-29.2M |
| Gross Margin | 12.8% | — |
| Operating Margin | -26.1% | -68.2% |
| Net Margin | 6.8% | -109.8% |
| Revenue YoY | 2.6% | 21.1% |
| Net Profit YoY | 125.5% | -34.5% |
| EPS (diluted) | $0.03 | — |
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 | — | ||
| Q3 25 | $59.4M | $26.6M | ||
| Q2 25 | $51.2M | $23.2M | ||
| Q1 25 | $124.4M | $22.5M | ||
| Q4 24 | $48.8M | $22.4M | ||
| Q3 24 | $23.3M | $22.0M | ||
| Q2 24 | $25.8M | $24.1M | ||
| Q1 24 | $24.3M | $24.2M |
| Q4 25 | $3.4M | — | ||
| Q3 25 | $-2.7M | $-29.2M | ||
| Q2 25 | $-3.3M | $-26.5M | ||
| Q1 25 | $24.3M | $-19.9M | ||
| Q4 24 | $-13.4M | $31.8M | ||
| Q3 24 | $-14.0M | $-21.7M | ||
| Q2 24 | $-8.4M | $-22.2M | ||
| Q1 24 | $-186.0K | $-25.2M |
| Q4 25 | 12.8% | — | ||
| Q3 25 | 21.2% | — | ||
| Q2 25 | 12.8% | 72.6% | ||
| Q1 25 | 47.4% | — | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 10.1% | 71.2% | ||
| Q2 24 | 26.2% | 72.6% | ||
| Q1 24 | 49.2% | 70.8% |
| Q4 25 | -26.1% | — | ||
| Q3 25 | -10.8% | -68.2% | ||
| Q2 25 | -24.2% | -82.0% | ||
| Q1 25 | 30.8% | -96.3% | ||
| Q4 24 | -32.4% | -93.8% | ||
| Q3 24 | -44.1% | -102.3% | ||
| Q2 24 | -18.4% | -84.4% | ||
| Q1 24 | -8.6% | -100.9% |
| Q4 25 | 6.8% | — | ||
| Q3 25 | -4.6% | -109.8% | ||
| Q2 25 | -6.4% | -114.2% | ||
| Q1 25 | 19.5% | -88.5% | ||
| Q4 24 | -27.5% | 141.7% | ||
| Q3 24 | -60.0% | -98.9% | ||
| Q2 24 | -32.7% | -92.4% | ||
| Q1 24 | -0.8% | -104.3% |
| Q4 25 | $0.03 | — | ||
| Q3 25 | $-0.03 | — | ||
| Q2 25 | $-0.03 | $-0.53 | ||
| Q1 25 | $0.25 | $-0.41 | ||
| Q4 24 | $-0.14 | $0.85 | ||
| Q3 24 | $-0.14 | $-0.57 | ||
| Q2 24 | $-0.08 | $-0.59 | ||
| Q1 24 | $0.00 | $-0.67 |
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 | $36.2M |
| Total DebtLower is stronger | $91.9M | $35.4M |
| Stockholders' EquityBook value | $543.5M | $15.5M |
| Total Assets | $771.0M | $198.6M |
| Debt / EquityLower = less leverage | 0.17× | 2.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $306.7M | — | ||
| Q3 25 | $301.8M | $36.2M | ||
| Q2 25 | $316.7M | $13.6M | ||
| Q1 25 | $272.0M | $16.1M | ||
| Q4 24 | $273.9M | $16.9M | ||
| Q3 24 | $410.9M | $11.4M | ||
| Q2 24 | $441.9M | $46.0M | ||
| Q1 24 | $498.4M | $90.7M |
| Q4 25 | $91.9M | — | ||
| Q3 25 | — | $35.4M | ||
| Q2 25 | — | $37.3M | ||
| Q1 25 | — | $39.2M | ||
| Q4 24 | — | $41.2M | ||
| Q3 24 | — | $73.6M | ||
| Q2 24 | — | $75.6M | ||
| Q1 24 | — | $77.5M |
| Q4 25 | $543.5M | — | ||
| Q3 25 | $537.6M | $15.5M | ||
| Q2 25 | $538.6M | $3.5M | ||
| Q1 25 | $540.2M | $14.8M | ||
| Q4 24 | $514.8M | $13.5M | ||
| Q3 24 | $540.2M | $-25.2M | ||
| Q2 24 | $560.7M | $-5.7M | ||
| Q1 24 | $568.3M | $14.9M |
| Q4 25 | $771.0M | — | ||
| Q3 25 | $768.9M | $198.6M | ||
| Q2 25 | $775.5M | $188.1M | ||
| Q1 25 | $801.6M | $199.6M | ||
| Q4 24 | $756.4M | $198.1M | ||
| Q3 24 | $707.6M | $336.4M | ||
| Q2 24 | $753.6M | $321.8M | ||
| Q1 24 | $631.7M | $359.6M |
| Q4 25 | 0.17× | — | ||
| Q3 25 | — | 2.28× | ||
| Q2 25 | — | 10.71× | ||
| Q1 25 | — | 2.66× | ||
| Q4 24 | — | 3.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 5.21× |
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 | $-15.9M |
| Free Cash FlowOCF − Capex | — | $-17.1M |
| FCF MarginFCF / Revenue | — | -64.2% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 22.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-46.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | — | ||
| Q3 25 | $9.5M | $-15.9M | ||
| Q2 25 | $50.1M | $-8.2M | ||
| Q1 25 | $2.4M | $-17.0M | ||
| Q4 24 | $50.1M | $-500.0K | ||
| Q3 24 | $-593.0K | $3.6M | ||
| Q2 24 | $16.1M | $-42.7M | ||
| Q1 24 | $54.8M | $14.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-17.1M | ||
| Q2 25 | — | $-9.2M | ||
| Q1 25 | $335.0K | $-18.4M | ||
| Q4 24 | $-98.5M | $-1.7M | ||
| Q3 24 | $-2.8M | $1.9M | ||
| Q2 24 | $-126.7M | $-44.1M | ||
| Q1 24 | $54.6M | $13.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | -64.2% | ||
| Q2 25 | — | -39.6% | ||
| Q1 25 | 0.3% | -81.9% | ||
| Q4 24 | -201.8% | -7.4% | ||
| Q3 24 | -12.1% | 8.6% | ||
| Q2 24 | -490.5% | -183.4% | ||
| Q1 24 | 224.4% | 54.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | 1.7% | 6.0% | ||
| Q4 24 | 304.4% | 5.2% | ||
| Q3 24 | 9.6% | 7.7% | ||
| Q2 24 | 553.0% | 5.9% | ||
| Q1 24 | 1.1% | 7.6% |
| Q4 25 | 22.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | — | -0.02× | ||
| 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% |
VERI
| Software Products And Services | $20.9M | 78% |
| Other | $2.3M | 9% |
| Public Sector | $2.0M | 7% |
| Representation Services | $1.5M | 6% |
