Acacia Research Corp income statement
In fiscal 2025, Acacia Research Corp reported revenue of $285m, up 133.2% on the year before, operating income of $6.4m (a 2.2% margin) and net income of $21.7m, or $0.22 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 65 | 132 | 11 | 30 | 88 | 59 | 125 | 122 | 285 | 278 |
| Cost of revenue | — | 109 | 18 | 25 | 36 | 37 | 53 | 93 | 201 | 217 |
| Gross profit | — | 22 | −7 | 5 | 52 | 22 | 72 | 30 | 84 | 62 |
| Research and development | — | — | — | 0 | 0 | 1 | 1 | — | — | — |
| Selling and marketing | — | — | — | 0 | 2 | 9 | 7 | 7 | 13 | 12 |
| General and administrative | 27 | 19 | 16 | 24 | 36 | 53 | 44 | 55 | 65 | 69 |
| Operating income | −27 | −25 | −23 | −20 | 15 | −40 | 21 | −33 | 6 | −19 |
| Interest expense | — | — | 0 | 10 | 8 | 6 | 2 | 6 | 9 | 8 |
| Income before tax | 25 | −104 | −19 | 108 | 175 | −127 | 67 | −38 | 31 | −27 |
| Income tax | 3 | 1 | −2 | −1 | 24 | −16 | −2 | −3 | 7 | −4 |
| Net income | 22 | −105 | −17 | 109 | 149 | −125 | 67 | −36 | 22 | −15 |
| Diluted EPS | $0.44 | −$2.10 | −$0.40 | $1.48 | $1.91 | −$3.13 | $0.58 | −$0.36 | $0.22 | −$0.15 |
| Diluted shares (average) | 51m | 50m | 51m | 57m | 98m | 42m | 92m | 99m | 97m | 98m |
| EBITDA | −5 | 2 | −20 | −15 | 25 | −27 | 36 | 1 | 50 | 17 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23 | 49 | 124 | 51 | 59 | 50 | 54 | 115 |
| Cost of revenue | 21 | 40 | 65 | 45 | 47 | 44 | 42 | 84 |
| Gross profit | 2 | 9 | 59 | 7 | 13 | 6 | 12 | 31 |
| Research and development | 0 | — | — | — | — | — | — | — |
| Selling and marketing | 1 | 3 | 3 | 3 | 3 | 3 | 3 | 2 |
| General and administrative | 11 | 22 | 17 | 16 | 16 | 16 | 17 | 20 |
| Operating income | −10 | −16 | 38 | −12 | −6 | −13 | −8 | 9 |
| Interest expense | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Income before tax | −6 | −15 | 30 | −1 | −3 | 6 | −20 | −10 |
| Income tax | 5 | −1 | 6 | 1 | −1 | 1 | −3 | −1 |
| Net income | −14 | −13 | 24 | −3 | −3 | 3 | −16 | 0 |
| Diluted EPS | −$0.14 | −$0.13 | $0.25 | −$0.03 | −$0.03 | $0.03 | −$0.16 | $0.00 |
| EBITDA | −1 | −4 | 49 | −1 | 4 | −3 | 0 | 15 |
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