ACTG · XBRL financial data

Acacia Research financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (ACTG's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	29,782	12,004	—	—	—	—
Revenue from contracts with customers	29,782	88,047	59,223	125,102	122,312	285,232
Cost of revenue	24,824	36,098	37,388	52,829	92,658	200,752
Gross profit	—	51,949	21,835	72,273	29,654	84,480
Research and development	0	200	626	735	—	—
General and administrative	24,476	35,666	52,680	43,694	55,363	65,117
Operating income (loss)	(19,518)	14,545	(40,092)	20,936	(32,926)	6,409
Interest income	—	—	—	—	17,682	11,260
Interest expense	5,923	7,922	6,432	1,930	6,439	8,989
Other income (expense)	—	501	5,442	15,466	16,980	(2,049)
Income tax expense (benefit)	(1,159)	24,287	(16,211)	(1,504)	(3,449)	6,841
Net income (loss)	113,444	149,197	(125,065)	67,060	(36,057)	21,682
Earnings per share, basic USD per share	1.85	2.43	(3.13)	0.73	(0.36)	0.23
Earnings per share, diluted USD per share	1.54	1.91	(3.13)	0.58	(0.36)	0.22
Weighted average shares, basic thousands of shares	48,841	48,797	42,461	75,296	99,214	96,294
Weighted average shares, diluted thousands of shares	57,435	98,471	42,461	92,412	99,214	97,158

Fiscal years (ACTG's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	165,546	308,943	287,786	340,091	273,880	306,719
Short-term investments	—	398,528	98,358	99,818	—	—
Marketable securities	0	—	—	—	—	—
Accounts receivable	506	9,517	8,231	80,555	26,909	26,165
Inventory	0	8,930	14,222	10,921	27,485	26,559
Prepaid and other current assets	5,832	4,764	19,388	23,127	31,987	21,050
Total current assets	457,669	730,682	427,985	554,512	420,146	450,093
Property and equipment, net	270	4,183	3,537	2,356	23,865	21,291
Right-of-use asset	951	2,027	2,005	1,872	9,287	11,500
Goodwill	0	7,470	7,541	8,990	29,339	25,790
Total assets	515,520	798,856	482,928	633,545	756,394	770,956
Accounts payable	1,019	5,440	6,036	3,261	12,074	13,358
Current portion of long-term debt	—	—	—	—	2,400	0
Total current liabilities	124,816	200,190	87,209	27,636	47,239	49,041
Lease liability, non-current	951	2,027	1,873	1,736	6,778	8,424
Total liabilities	212,067	353,628	193,682	43,936	203,775	186,924
Accumulated deficit	(326,708)	(181,724)	(306,789)	(239,729)	(275,786)	(254,104)
Total stockholders' equity	281,487	419,433	258,280	568,266	514,825	543,450
Total liabilities and equity	515,520	798,856	482,928	633,545	756,394	770,956
Common shares outstanding (cover page) thousands of shares	49,279	46,475	58,569	99,895	96,086	96,475

Fiscal years (ACTG's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	113,444	149,197	(125,065)	67,060	(36,057)	21,682
Stock-based compensation	1,662	2,053	3,820	3,297	4,795	5,738
Depreciation and amortization	4,800	10,688	13,514	14,728	33,574	43,348
Net cash from operating activities	(19,620)	13,326	(37,336)	(22,506)	50,122	75,242
Purchases of property and equipment	199	91	732	189	148,667	—
Net cash from investing activities	18,598	35,751	184,464	16,178	(212,963)	(21,007)
Share repurchases	3,998	4,012	50,988	0	20,288	0
Dividends paid	1,382	1,452	2,799	1,400	0	—
Net cash from financing activities	109,209	59,738	(166,137)	58,632	97,556	(22,733)
Net change in cash	—	108,815	(21,575)	52,305	(66,211)	32,839

SIC 6794 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6794 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Acacia Research	307,635	114,562	3,904*	97.6M	—	Q2 FY26 10-QJun 30, 2026
Orion Properties	16,870	not reported	16,080*	57.0M	—	Q2 FY26 10-QJun 30, 2026
NexPoint Real Estate Finance	6,379	not reported	(6,040)*	18.8M	1.1 quarters	Q2 FY26 10-QJun 30, 2026
Granite Point Mortgage Trust	58,478	not reported	509*	48.2M	—	Q2 FY26 10-QJun 30, 2026
Strawberry Fields REIT	42,153	40,049	24,236*	14.2M	—	Q2 FY26 10-QJun 30, 2026
Modiv Industrial	21,626	11,694	3,478*	10.3M	—	Q2 FY26 10-QJun 30, 2026
ACRES Commercial Realty	41,098	20,980	5,474*	7.1M	—	Q2 FY26 10-QJun 30, 2026
Sunrise Realty Trust	5,594	5,819	371*	13.5M	—	Q2 FY26 10-QJun 30, 2026
Rithm Property Trust	45,254	not reported	(7,998)*	7.9M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.