v3.26.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Total revenues $ 54,445 $ 59,446 $ 223,246 $ 235,105
Costs and expenses:        
Cost of revenues - intellectual property operations 40,057 46,842 166,153 157,022
Sales and marketing expenses - industrial and manufacturing operations 2,604 3,080 8,212 9,773
General and administrative expenses 15,368 15,950 52,306 48,816
Total costs and expenses 58,029 65,872 226,671 215,611
Operating (loss) income (3,584) (6,426) (3,425) 19,494
Equity securities investments:        
Change in fair value of equity securities (5,973) 900 (2,623) (1,658)
Gain on sale of equity securities 8,238 0 12,155 3,512
Net realized and unrealized gain 2,265 900 9,532 1,854
Impairment of equity method investment 0 0 (30,934) 0
(Loss) gain on derivatives - energy operations (6,054) 1,872 (13,412) 3,486
(Loss) gain on foreign currency exchange (21) (30) (86) 405
Interest expense (1,919) (2,230) (5,634) (7,010)
Interest income 2,951 3,001 8,424 8,447
Other expense, net (763) (449) (1,515) (1,319)
Total other (expense) income (3,541) 3,064 (33,625) 5,863
(Loss) income before income taxes (7,125) (3,362) (37,050) 25,357
Income tax benefit (expense) 1,213 968 5,095 (5,660)
Net (loss) income including noncontrolling interests in subsidiaries (5,912) (2,394) (31,955) 19,697
Net loss (income) attributable to noncontrolling interests in subsidiaries 351 (336) 10,700 (1,433)
Net (loss) income attributable to Acacia Research Corporation (5,561) (2,730) (21,255) 18,264
Income (loss) per share:        
Net (loss) income attributable to common stockholders - Basic $ (5,561) $ (2,730) $ (21,255) $ 18,264
Weighted average number of shares outstanding - Basic 97,586,881 96,445,160 96,979,994 96,237,282
Basic net income (loss) per common share (in usd per share) $ (0.06) $ (0.03) $ (0.22) $ 0.19
Net (loss) income attributable to common stockholders - Diluted $ (5,561) $ (2,730) $ (21,255) $ 18,264
Weighted average number of shares outstanding - Diluted 97,586,881 96,445,160 96,979,994 97,038,414
Diluted net income (loss) per common share (in usd per share) $ (0.06) $ (0.03) $ (0.22) $ 0.19
Foreign currency translation $ 329 $ (114) $ 239 $ 1,411
Other comprehensive income 329 (114) 239 1,411
Total comprehensive (loss) income (5,583) (2,508) (31,716) 21,108
Comprehensive loss (income) attributable to noncontrolling interests 351 (336) 10,700 (1,433)
Comprehensive (loss) income attributable to Acacia Research Corporation (5,232) (2,844) (21,016) 19,675
Intellectual property operations        
Revenues:        
Total revenues 263 7,795 61,898 78,029
Costs and expenses:        
Cost of revenues - intellectual property operations 2,310 8,301 53,373 42,771
Industrial operations        
Revenues:        
Total revenues 7,531 6,660 20,715 20,926
Costs and expenses:        
Cost of revenues - intellectual property operations 3,720 3,376 10,041 10,846
Energy operations        
Revenues:        
Total revenues 19,455 14,176 58,669 47,799
Costs and expenses:        
Cost of revenues - intellectual property operations 11,922 11,880 35,296 36,887
Manufacturing Operations        
Revenues:        
Total revenues 27,196 30,815 81,964 88,351
Costs and expenses:        
Cost of revenues - intellectual property operations $ 22,105 $ 23,285 $ 67,443 $ 66,518