10-K · March 12, 2026
Acacia Research describes itself as a disciplined, value-oriented acquirer and operator focused on building cash-generating platforms across the industrial, energy and technology sectors, targeting businesses with total…
Earnings analysis · 10-Q
ACTG earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Acacia Research Corporation reported Q1 2026 results with total revenue of $54.24 million, exceeding expectations and showing an increase from the prior quarter, but down significantly from a year ago. The company…
Read full summary
Acacia Research Corporation reported Q1 2026 results with total revenue of $54.24 million, exceeding expectations and showing an increase from the prior quarter, but down significantly from a year ago. The company posted an EPS of -$0.07, which also beat estimates. Despite these results, management acknowledged substantial challenges, including a year-over-year revenue decline of approximately 56% and ongoing losses.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.07
- Gross margin
- 47.4%
What stood out
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Revenue Exceeds Expectations
Actual revenue for Q1 2026 was $54.24 million, surpassing estimates by approximately 8.5%.
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Improved EPS Performance
The company reported a diluted EPS of -$0.07, better than the consensus estimate of -$0.09, indicating a positive surprise of 22.22%.
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Strong Cash Position
Acacia holds a robust cash position, totaling approximately $329.9 million as of the quarter.
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Segment Growth in Intellectual Property
The Intellectual Property Operations segment performed notably well, driving revenue despite overall declines.
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Stabilizing Gross Margin
Gross margin for the quarter improved to 47.4%, a substantial increase from the previous year.
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Cash Flows Turn Positive
The company generated positive free cash flow of $335,000 for the quarter after a notable improvement in cash management.
What to watch
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Significant Year-over-Year Revenue Drop
Revenue decreased by approximately 56% compared to Q1 2025, falling from $124 million to $54.24 million.
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GAAP Net Loss
The company incurred a net loss of $15.7 million, significantly impacting shareholder value with potential future implications.
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Ongoing Litigation Risks
Acacia continues to face substantial litigation risks associated with its patent enforcement, which may drain financial resources.
Management's outlook
No specific numeric guidance provided, management cited ongoing challenges and uncertainties.
Earlier filings 4
10-Q · November 6, 2025
Acacia Research reported Q3 2025 revenue of $59,446,000, up from $23,310,000 in Q3 2024, driven largely by a new Manufacturing operations contribution of $30,815,000. Gross margin improved to 21.2% while operating…
10-K · March 17, 2025
Acacia Research Corporation reported a Q4 revenue of $48,844,000, slightly beating consensus estimates of $47,750,000, resulting in a positive revenue surprise of about 2.29%. However, the company continues to face…
10-Q · November 12, 2024
Q3 2024 revenue rose to $23.31M (from $10.08M in Q3 2023) driven by the newly consolidated Energy Operations, but the company reported a net loss attributable to Acacia of $13.996M (diluted loss per share $0.14).…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.