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STRONG
BUY
0
BUY 5
HOLD 0
SELL 2
STRONG
SELL
0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Revenue
Revenue 285.2 122.3 125.1 59.2 88.0 29.8 11.2 131.5 65.4 152.7 125.0 130.9 130.6 250.7 172.3 131.8 67.3 48.2 52.6 34.8 19.6 4.3 0.7 0.0 24.6 0.1 0.1 0.4 0.4 3.2 3.2
Cost of Revenue 50.0 92.7 52.8 37.4 36.1 24.8 18.3 106.7 63.2 111.3 127.1 139.1 147.5 111.3 97.0 66.0 50.3 0 0 17.2 3.7 0 0 0 0 0 0 0 0 0 0
Gross Profit 235.2 29.7 72.3 21.8 51.9 5.0 (7.0) 24.9 2.2 41.4 (2.0) (8.2) (16.9) 139.4 75.2 65.8 17.0 48.2 52.6 17.7 15.9 4.3 0.7 0.0 24.6 0.1 0.1 0.4 0.4 3.2 3.2
Operating Expenses
R&D Expenses 0 0 0.7 0.6 0.2 0 0 0 1.2 3.1 3.4 3.8 3.3 4.9 4.3 2.1 1.7 0 0 9.5 5.8 0 4.3 6.9 18.8 11.9 1.8 1.9 0.9 0 0
SG&A Expenses 78.1 62.6 50.6 61.3 37.2 24.5 16.4 18.9 27.2 36.0 41.6 52.4 62.5 59.0 43.4 25.1 21.1 56.4 56.3 19.0 10.2 8.2 1.9 1.4 46.3 22.1 6.3 2.8 2.1 2.2 1.4
Other Expenses 150.7 0 0 0 0 0 0 (1.6) 1 0.8 (0.1) (0.6) 0 0.9 (12.5) 0 0 6.0 5.8 5.6 16.6 2.2 0.5 1.6 2.7 3.3 1.6 1.6 0.9 0 0
Operating Expenses 228.8 62.6 51.3 61.9 37.4 24.5 16.4 21.5 27.2 36.5 45.7 53.9 66.0 59.0 45.0 27.2 22.8 62.4 62.1 24.6 26.8 10.3 6.7 9.9 67.8 37.2 9.7 6.2 4.0 2.2 1.4
Operating Income
Operating Income 6.4 (32.9) 20.9 (40.1) 14.5 (19.5) (23.4) (24.8) (27.3) (37.4) (152.6) (62.2) (82.9) 80.4 30.3 38.6 (5.7) (14.2) (9.5) (7.0) (7.2) (6.1) (6.0) (9.9) (43.2) (37.2) (9.6) (5.8) (3.5) 1.0 1.8
Interest Expense 9.0 6.4 1.9 6.4 7.9 10.1 0 0 0 0 0.1 0.6 0 0.8 0.1 0 0 0 0 0 0 0 0 0.0 0.1 0 0 0.1 0 0 0
Interest Income 11.3 17.0 15.5 5.4 0.5 0.8 3.4 0.2 4.3 0.8 0 0 1.9 0.8 0.1 0.1 0.1 1.1 2.4 1.5 1.1 0.5 0.5 0.6 3.8 3.1 0 0.3 0 0 0.0
Profitability
EBITDA 49.8 2.9 84.3 (107.2) 193.3 123.0 (15.7) 30.7 (2.8) (2.3) (99.4) (4.6) (29.0) 119.6 40.1 45.5 (0.7) (7.5) (1.4) (0.1) (1.2) (5.0) (5.4) (8.1) (39.3) (34.5) (5.8) (4.1) (3.0) 1.0 2.1
EBIT 6.4 (31.7) 69.4 (120.7) 182.6 118.2 (19.0) 3.5 (25.0) (36.6) (152.6) (58.7) (78.3) 81.3 30.3 38.6 (5.7) (14.2) (9.5) (6.8) (7.2) (6.1) (6.0) (9.9) (43.2) (37.2) (7.6) (5.8) (3.1) (1.1) 2.1
Income Before Tax 31.3 (38.1) 67.4 (127.2) 174.7 108.1 (19.0) (103.7) 24.6 (36.6) (152.7) (62.8) (80.8) 81.3 30.4 38.8 (5.4) (13.6) (7.2) (5.5) (6.2) (5.6) (5.6) (13.4) (39.0) (38.4) (10.4) (6.4) (3.5) 2.1 2.1
Income Tax Expense 6.8 (3.4) (1.5) (16.2) 24.3 (1.2) (1.8) 1.2 3.0 18.2 4.8 3.9 (22.0) 22.1 10.1 1.7 0.2 0.1 0.2 0.0 (0.1) (0.1) (0.1) (0.7) (0.8) (0.1) 0.0 0 (0.3) 0.6 0.1
Net Income 21.7 (36.1) 67.1 (125.1) 149.2 109.2 (17.1) (105.0) 22.2 (54.1) (160.0) (66.0) (56.4) 59.5 20.0 34.1 (11.3) (13.8) (15.4) (5.5) (6.3) (5.5) (5.5) (12.8) (22.3) (39.0) (8.2) (6.2) (2.9) 0.4 2.1
Per Share Data
EPS (Basic) 0.23 -0.36 0.71 -2.61 2.43 1.78 -0.34 -2.10 0.44 -1.08 -3.23 -1.36 -1.17 1.22 0.51 1.05 -0.38 -0.47 -0.54 -0.20 -0.24 -0.28 -0.28 -0.65 -1.16 -2.38 -0.75 -0.32 -0.15 0.02 0.09
EPS (Diluted) 0.22 -0.36 0.58 -1.21 1.91 1.48 -0.34 -2.10 0.44 -1.08 -3.23 -1.32 -1.17 1.21 0.50 0.97 -0.38 -0.47 -0.54 -0.20 -0.24 -0.28 -0.28 -0.65 -1.16 -2.38 -0.75 -0.32 -0.15 0.02 0.09
Shares Outstanding 96.3 99.2 75.3 42.5 48.8 48.8 49.8 50.0 50.5 50.1 49.5 48.7 48.2 47.3 39.7 32.3 29.9 29.4 28.5 27.5 26.6 19.8 19.7 19.6 19.3 16.3 10.9 19.6 19.6 19.6 19.6
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Current Assets
Cash & Cash Equivalents 306.7 273.9 340.1 287.8 308.9 165.5 57.4 128.8 136.6 127.5 51.7 48.3 15.8 28.1 39.8 59.5 36.0 37.6 7.5 1.4 0.2 0.8
Short-Term Investments 23.4 59.9 99.8 98.4 398.5 285.8 112.5 36.7 0 19.4 0 0 12.9 0 0 25.1 40.6 0 0 0 0 0
Net Receivables 26.2 26.9 80.6 8.2 9.5 0.5 0.5 32.9 0.2 26.8 5.1 7.4 0.3 5.3 0 0.1 0.1 0.4 0.4 0.1 0.7 2.1
Inventory 26.6 27.5 10.9 14.2 8.9 0 0 (36.7) 0 11.5 0 0 0 0 0 0 0.4 0.2 0 0 0.2 0.0
Other Current Assets 67.3 0 23.1 19.4 0 0 0 0 0 11.5 1.1 0 0 0 0 1.5 1.0 3 0 0.2 0.0 0.0
Total Current Assets 450.1 420.1 554.5 428.0 730.7 457.7 173.3 201.5 139.7 188.5 57.9 57.0 29.7 34.3 40.6 86.2 78.0 41.2 8.0 1.8 1.9 2.9
Non-Current Assets
Property, Plant & Equipment 32.8 224.8 29.3 5.5 6.2 1.2 1.3 0 0 0.1 0.2 0.2 0.1 0.1 0.2 4.9 3.7 1.2 0.5 0.2 0.1 0.1
Goodwill 25.8 29.3 9.0 7.5 7.5 0 0 0 0 0 0 0 0 0 0 4.6 3.9 1.0 1.2 0.8 0 0
Intangible Assets 48.1 55.4 33.6 36.7 48.8 16.9 7.8 6.6 61.9 86.3 5.1 12.4 3.2 5.3 5.9 11.9 9.0 3.5 4.6 3.9 0 0
Long-Term Investments 0 0 0 0 0 0 1.5 15.7 106.9 2.0 2.2 3.2 0 0 0 3 3.3 4.6 3.5 1.2 1.2 0.8
Other Non-Current Assets 199.3 6.4 4.2 5.2 5.7 35.5 34.3 0.2 0.2 21.1 0.5 0.2 0.1 0.2 0.6 0.3 0.5 0.2 2.0 0.6 2.1 0.7
Total Non-Current Assets 320.9 336.2 79.0 54.9 68.2 53.6 44.9 22.5 169.1 107.5 20.3 16.1 3.3 5.7 6.6 24.7 20.5 10.6 11.8 7.1 3.5 1.5
Total Assets 771.0 756.4 633.5 482.9 798.9 511.3 218.2 223.9 308.8 296.0 78.3 73.1 33.1 40.0 47.2 110.9 98.5 51.8 19.8 8.9 5.4 4.5
Current Liabilities
Account Payables 13.4 12.1 3.3 6.0 5.4 1.0 1.8 3.7 0.2 26.8 0 0 0.1 1.6 2.5 0 0 0 0 0.2 0.1 0.1
Short-Term Debt 0 0 0 60.5 181.2 115.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0.2 0.6 0
Deferred Revenue 0.9 1.6 1.1 1.5 4.1 0 0 0 0 0 1.5 0.3 0.4 0.1 1.5 0 0 0 0 0 0 0
Other Current Liabilities 34.7 19.9 17.2 4.8 3.7 2.3 0.5 3.8 (1.6) (13.9) 0 0 0 0 0 12.8 18.2 1.3 0 (0.0) (0.0) 0.3
Total Current Liabilities 49.0 47.2 27.6 87.2 200.2 124.8 11.7 31.0 9.6 28.2 21.9 14.3 2.6 1.7 4.0 13.8 18.2 1.3 0.4 0.4 0.6 0.4
Non-Current Liabilities
Long-Term Debt 92.1 114.0 10.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.2 0 0 0
Deferred Tax Liabilities 2.2 2.6 0 0.7 18.6 0 0 0 0 0 0 0 0.9 1.0 1.2 3.8 2.7 0 0 0 0.2 0.0
Other Non-Current Liabilities 35.2 33.2 3.6 123.2 147.0 97.2 30.2 1.7 3.6 0.4 0.4 0.2 0 1.5 0 32.3 17.5 5.2 0.2 0 0 0
Total Non-Current Liabilities 137.9 156.5 16.3 126.4 168.2 98.2 31.5 1.7 3.6 0.4 0.4 0.2 0.9 2.5 1.2 38.3 20.2 5.2 1.5 0 0.2 0.0
Total Liabilities 186.9 203.8 43.9 213.6 368.4 223.0 43.2 32.7 13.1 28.6 22.3 14.5 3.5 4.2 5.2 52.1 38.4 6.5 1.8 0.4 0.8 0.4
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.0 0.0 0 0 0 0.0 0.0 0.0 26.7 10.7 4.1 3.9
Retained Earnings (254.1) (275.8) (239.7) (306.8) (181.7) (330.9) (439.7) (422.5) (320.0) (342.2) (120.2) (109.0) (76.0) (70.5) (65.0) (100.0) (56.1) (17.1) (8.9) (2.7) 0.6 0.4
Accumulated Other Comprehensive Income 0.7 (1.2) 0 0 0 0 0 0 (0.1) (0.1) (0.8) 0 (0.3) (0.6) (0.5) (0.0) 0 0 0 0 0 0
Total Stockholders' Equity 543.5 514.8 568.3 258.3 419.4 277.3 173.1 191.2 295.7 267.4 56.0 58.5 28.8 34.7 40.5 58.7 60.1 45.3 17.9 8.2 4.6 4.1
Total Liabilities & Equity 771.0 756.4 633.5 482.9 798.9 511.3 218.2 223.9 308.8 296.0 78.3 73.1 33.1 40.0 47.2 110.9 98.5 51.8 19.8 8.9 5.4 4.5
Debt Metrics
Total Debt 100.5 124.3 13.5 63.9 184.2 117.2 1.7 33.6 0 0 0 0 0 0 0 2.8 0 0 1.2 0.2 0.6 0
Net Debt (206.2) (149.6) (326.6) (223.9) (124.7) (48.3) (55.7) (95.2) (136.6) (127.5) (51.7) (48.3) (15.8) (28.1) (39.8) (56.7) (36.0) (37.6) (6.3) (1.1) 0.4 (0.8)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Operating Activities
Net Income 21.7 (34.7) 63.1 (110.9) 150.4 113.4 (17.1) (104.8) 21.7 (54.8) (6.3) (5.4) (19.0) (12.6) (22.3) (29.2) (8.2) (6.2) (2.9) 0.4 2.1
Depreciation & Amortization 43.3 33.6 0 13.5 10.7 4.8 3.2 27.1 22.2 34.4 5.0 0.6 2.4 1.8 3.9 2.7 1.8 1.7 0.5 0.0 0.0
Stock-Based Compensation 5.7 4.8 3.3 3.8 2.1 1.7 1.1 (0.3) 8.9 9.1 0.2 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 0.1 48.0 (72.1) (12.1) 17.6 (5.5) 11.8 (8.1) 19.3 3.6 (1.6) 0.1 11.1 0.4 7.8 0.0 0.9 0.0 (0.0) (0.5) 0.2
Other Non-Cash Items (0.5) (1.5) (13.2) 86.2 0.1 2.8 (1.2) 0.6 (3.0) (0.5) (0.1) 1.0 1.6 6.1 (1.8) (8.1) (0.7) 0.9 0.8 (1.7) (0.3)
Operating Cash Flow 75.2 50.1 (22.5) (37.3) 13.3 (19.6) (2.3) 20.9 24.5 34.1 (3.0) (4.0) (3.9) (4.4) (12.6) (34.7) (6.1) (3.6) (1.7) (1.5) 1.9
Investing Activities
Capital Expenditure (16.7) (148.7) (6.2) (5.7) (21.1) (14.0) (4.6) (0.0) (0.0) (1.2) (0.1) (0.1) (0.1) (0.1) (3.8) (2.5) (0.9) (0.4) (0.1) (0.1) (0.0)
Acquisitions 1.2 (87.7) (9.4) 0 (33.2) 13.8 0 (7) (31.5) (1.2) (5.8) (0.2) 0 0 0 0 0 0 0 0.1 0
Purchases of Investments (24.7) (20.5) (13.1) (112.1) (66.6) (326.8) (147.2) (102.8) (448.4) (62.6) (39.9) (9.1) (32.7) 0 (56.7) (43.7) 0 (0.0) 0 (3.4) (2.7)
Sales/Maturities of Investments 0 0 32.1 273.9 158.4 359.7 83.7 85.7 467.8 43.2 33.1 9.0 0 0 76.3 4.0 0 0 0.1 2.0 0
Other Investing Activities 19.2 43.9 6.7 28.4 (1.7) (14.2) (4.4) (24.0) (4) (18.8) (0.4) (0.0) 30.8 (0.5) (3.0) (2.1) (3.8) (3.4) 0.5 1.1 0.2
Investing Cash Flow (21.0) (213.0) 16.2 184.5 35.8 18.6 (68.1) (24.1) (16.1) (40.6) (13.1) (0.4) (2.0) (0.6) 12.8 (44.3) (4.7) (3.8) 0.5 (0.3) (2.5)
Financing Activities
Net Debt Issuance (22.1) 103.5 (67.7) (120) 65 110.4 0 0 0 0 0 0 0 0 (0.2) 0 0 1.4 (1.5) 0.6 0
Stock Repurchased 0 (20.3) 0 (51.0) (4.0) (4.0) 0 (4.9) (0.0) (0.1) 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 (1.4) (2.8) (1.5) (1.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (0.7) 14.4 48.6 (1.6) 0.2 4.2 0.1 0.3 0.7 (1.0) 12.7 (0.3) 6.4 (2.0) 3.3 37.4 6.6 (0.1) 0.6 0.3 (0.0)
Financing Cash Flow (22.7) 97.6 58.6 (166.1) 59.7 109.2 33.9 (4.6) 0.7 (1.1) 19.7 (0.3) 6.4 (2.0) 23.2 77.3 40.9 13.5 2.3 1.2 1.0
Cash Position
Net Change in Cash 32.8 (66.2) 52.3 (21.6) 108.8 108.2 (36.5) (7.8) 9.1 (7.7) 3.6 (4.6) 0.5 (7.1) 23.3 (1.7) 30.1 6.1 1.1 (0.6) 0.4
Cash at Beginning 273.9 340.1 287.8 309.4 200.5 92.4 128.8 136.6 127.5 135.2 10.9 20.4 3.3 46.9 36.2 37.6 7.5 1.4 0.3 0.8 0.4
Cash at End 306.7 273.9 340.1 287.8 309.4 200.5 92.4 128.8 136.6 127.5 14.5 15.8 3.8 39.8 59.5 36.0 37.6 7.5 1.4 0.2 0.8
Free Cash Flow 58.5 (98.5) (28.7) (43.1) (7.8) (33.6) (6.9) 20.8 24.5 32.8 (3.1) (4.0) (4.0) (4.5) (16.3) (37.2) (7.0) (3.9) (1.8) (1.6) 1.9
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Income Statement
Revenue 285.2 122.3 125.1 59.2 88.0 29.8 11.2 131.5 65.4 152.7 125.0 130.9 130.6 250.7 172.3 131.8 67.3 48.2 52.6 34.8 19.6 4.3 0.7 0.0 24.6 0.1 0.1 0.4 0.4 3.2 3.2
Gross Profit 235.2 29.7 72.3 21.8 51.9 5.0 (7.0) 24.9 2.2 41.4 (2.0) (8.2) (16.9) 139.4 75.2 65.8 17.0 48.2 52.6 17.7 15.9 4.3 0.7 0.0 24.6 0.1 0.1 0.4 0.4 3.2 3.2
Operating Income 6.4 (32.9) 20.9 (40.1) 14.5 (19.5) (23.4) (24.8) (27.3) (37.4) (152.6) (62.2) (82.9) 80.4 30.3 38.6 (5.7) (14.2) (9.5) (7.0) (7.2) (6.1) (6.0) (9.9) (43.2) (37.2) (9.6) (5.8) (3.5) 1.0 1.8
Net Income 21.7 (36.1) 67.1 (125.1) 149.2 109.2 (17.1) (105.0) 22.2 (54.1) (160.0) (66.0) (56.4) 59.5 20.0 34.1 (11.3) (13.8) (15.4) (5.5) (6.3) (5.5) (5.5) (12.8) (22.3) (39.0) (8.2) (6.2) (2.9) 0.4 2.1
EPS (Diluted) 0.22 -0.36 0.58 -1.21 1.91 1.48 -0.34 -2.10 0.44 -1.08 -3.23 -1.32 -1.17 1.21 0.50 0.97 -0.38 -0.47 -0.54 -0.20 -0.24 -0.28 -0.28 -0.65 -1.16 -2.38 -0.75 -0.32 -0.15 0.02 0.09
Balance Sheet
Cash & Equivalents 306.7 273.9 340.1 287.8 308.9 165.5 57.4 128.8 136.6 127.5 51.7 48.3 15.8 28.1 39.8 59.5 36.0 37.6 7.5 1.4 0.2 0.8
Total Assets 771.0 756.4 633.5 482.9 798.9 511.3 218.2 223.9 308.8 296.0 78.3 73.1 33.1 40.0 47.2 110.9 98.5 51.8 19.8 8.9 5.4 4.5
Total Debt 100.5 124.3 13.5 63.9 184.2 117.2 1.7 33.6 0 0 0 0 0 0 0 2.8 0 0 1.2 0.2 0.6 0
Stockholders' Equity 543.5 514.8 568.3 258.3 419.4 277.3 173.1 191.2 295.7 267.4 56.0 58.5 28.8 34.7 40.5 58.7 60.1 45.3 17.9 8.2 4.6 4.1
Cash Flow
Operating Cash Flow 75.2 50.1 (22.5) (37.3) 13.3 (19.6) (2.3) 20.9 24.5 34.1 (3.0) (4.0) (3.9) (4.4) (12.6) (34.7) (6.1) (3.6) (1.7) (1.5) 1.9
Capital Expenditure (16.7) (148.7) (6.2) (5.7) (21.1) (14.0) (4.6) (0.0) (0.0) (1.2) (0.1) (0.1) (0.1) (0.1) (3.8) (2.5) (0.9) (0.4) (0.1) (0.1) (0.0)
Free Cash Flow 58.5 (98.5) (28.7) (43.1) (7.8) (33.6) (6.9) 20.8 24.5 32.8 (3.1) (4.0) (4.0) (4.5) (16.3) (37.2) (7.0) (3.9) (1.8) (1.6) 1.9