v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 336,928 $ 306,719
Equity securities 3,786 17,551
Equity securities without readily determinable fair value 5,816 5,816
Equity method investments 0 30,934
Loans receivable 5,604 15,300
Accounts receivable, net 31,471 26,165
Inventories 24,992 26,559
Prepaid expenses and other current assets 13,186 21,050
Total current assets 421,783 450,093
Property, plant and equipment, net 20,207 21,291
Oil and natural gas properties, net 198,062 190,705
Goodwill 25,606 25,790
Net Book Value 40,694 48,148
Operating lease, right-of-use assets 9,664 11,500
Deferred income tax assets, net 22,063 14,836
Other non-current assets 8,715 8,593
Total assets 746,794 770,956
Current liabilities:    
Accounts payable 13,772 13,358
Accrued expenses and other current liabilities 26,262 19,661
Accrued compensation 8,483 6,727
Current asset retirement obligation 1,648 1,589
Royalties and contingent legal fees payable 6,599 6,761
Deferred revenue 1,072 945
Current portion of long-term debt 17,000 0
Total current liabilities 74,836 49,041
Asset retirement obligation 33,901 32,586
Long-term lease liabilities 7,308 8,424
Deferred income tax liabilities, net 2,248 2,152
Benchmark revolving credit facility 59,500 59,500
Deflecto facility 13,910 32,566
Other long-term liabilities 3,502 2,655
Total liabilities 195,205 186,924
Commitments and contingencies (Note 14)
Stockholders' equity:    
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, par value $0.001 per share; 300,000,000 shares authorized; 97,593,766 and 96,475,469 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 97 96
Treasury stock, at cost, 20,542,064 shares as of September 30, 2026 and December 31, 2025 (118,542) (118,542)
Accumulated other comprehensive income 909 670
Additional paid-in capital 914,602 915,330
Accumulated deficit (275,359) (254,104)
Total Acacia Research Corporation stockholders' equity 521,707 543,450
Noncontrolling interests 29,882 40,582
Total stockholders' equity 551,589 584,032
Total liabilities and stockholders' equity $ 746,794 $ 770,956