ACACIA RESEARCH CORP
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $285.2M | $122.3M | $125.1M | $59.2M | $88.0M |
| Gross profit | $84.5M | $29.7M | $72.3M | $21.8M | $51.9M |
| Operating income | $6.4M | -$32.9M | $20.9M | -$40.1M | $14.5M |
| Cost of revenue | $200.8M | $92.7M | $52.8M | $37.4M | $36.1M |
| Cash from operations | $75.2M | $50.1M | -$22.5M | -$37.3M | $13.3M |
| Capital expenditure | — | $148.7M | $189,000 | $732,000 | $91,000 |
| Free cash flow | — | -$98.5M | -$22.7M | -$38.1M | $13.2M |
| Share repurchases | $0 | $20.3M | $0 | $51.0M | $4.0M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
| Total assets | $771.0M | $756.4M | $633.5M | $482.9M | $798.9M |
| Total liabilities | $186.9M | $203.8M | $43.9M | $193.7M | $353.6M |
Shares outstanding 96.6M · Free float 31.8%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.