Earnings summaries and quarterly performance for ACACIA RESEARCH.
Executive leadership at ACACIA RESEARCH.
Board of directors at ACACIA RESEARCH.
Research analysts who have asked questions during ACACIA RESEARCH earnings calls.
Recent press releases and 8-K filings for ACTG.
Acacia Research Details Value Investment Strategy and Portfolio Updates
ACTG
New Projects/Investments
M&A
- Acacia Research (ACTG) operates as a value investor, focusing on acquiring and improving B and C quartile assets with a significant margin of safety, and aims to own these businesses in perpetuity.
- Since the current management team took over in 2022, corporate costs have been rationalized and kept flat, while quarterly rolling LTM EBITDA has grown to exceed parent costs.
- Key acquisitions include a 51% stake in Benchmark Energy (oil and gas) in 2023, followed by a larger deal in 2024, and Deflecto (manufacturing) at 5.5 times mid-cycle EBITDA.
- The company also manages a $330 million portfolio of commercial loans collateralized by Bitcoin through a partnership with Unchain, generating 12%-13% gross returns.
- Investments are generating strong cash-on-cash returns, with Benchmark and Printroducts in the high teens and Deflecto at 8%-9%.
Nov 20, 2025, 8:40 PM
Acacia Research (ACTG) Details Value Investing Strategy and Recent Acquisitions
ACTG
M&A
New Projects/Investments
Share Buyback
- Acacia Research (ACTG) operates as a value investor, focusing on acquiring and improving B and C quartile assets with operational enhancements.
- The company reported a book value of approximately $577 million and a market cap of $313 million.
- Recent acquisitions include Benchmark Energy (oil and gas) in 2023 and 2024, and Deflecto (manufacturing) over a year ago, both acquired at attractive valuations.
- ACTG has partnered with Unchain to underwrite commercial recourse business loans collateralized by Bitcoin, generating a 12-13% gross rate on its cash.
- The management team, which took over in 2022, has rationalized corporate costs, maintained flat parent costs, and is engaged in share buybacks.
Nov 20, 2025, 8:40 PM
Acacia Research Outlines Value Investing Strategy and Recent Acquisitions
ACTG
M&A
New Projects/Investments
Share Buyback
- Acacia Research (ACTG) employs a value investing strategy, acquiring B and C quartile assets with a margin of safety, implementing operational improvements, and holding them for the long term.
- The company reported a book value between $577 million and $598 million with 96 million common shares outstanding, and a market cap of $313 million.
- Key acquisitions include a 51% stake in Benchmark Energy in 2023 and a larger deal in 2024, alongside the purchase of Deflecto approximately a year ago at 5.5 times mid-cycle EBITDA.
- Acacia has partnered with Unchain for commercial loans collateralized by Bitcoin, generating a 12-13% gross rate on approximately $330 million in cash and securities.
- The company focuses on operational efficiency, maintaining flat parent costs while growing EBITDA, with its portfolio generating high teens cash returns for Benchmark and Printroducts, and 8-9% for Deflecto.
Nov 20, 2025, 8:40 PM
Acacia (ACTG) announces Q3 2025 results
ACTG
Earnings
Revenue Acceleration/Inflection
Debt Issuance
- Acacia (ACTG) reported a Book Value Per Share (BVPS) of $5.98 as of September 30, 2025.
- For Q3 2025, the company generated $59.4 million in Total Revenue and $8.0 million in Total Company Adjusted EBITDA.
- For the Last Twelve Months (LTM) ending September 30, 2025, Total Revenue was $283.9 million and Total Company Adjusted EBITDA was $65.4 million.
- As of September 30, 2025, Acacia's total consolidated non-recourse debt stood at $94.0 million.
Nov 5, 2025, 1:00 PM
Acacia Research Reports Strong Q3 2025 Revenue Growth and Operational Progress
ACTG
Earnings
Revenue Acceleration/Inflection
M&A
- Acacia Research reported total revenue of $59.4 million in Q3 2025, marking a 16% sequential increase and 155% year-over-year growth, alongside total company adjusted EBITDA of $8 million and $7.7 million in free cash flow.
- The company posted a GAAP loss of $0.03 per share and an adjusted loss of $0.01 per share for the quarter ended September 30, 2025.
- Key revenue contributions included $30.8 million from Manufacturing operations (Deflecto), which saw its third consecutive sequential increase, and $7.8 million from Intellectual Property operations, a significant increase from the prior year.
- Acacia maintained a strong balance sheet with $332.4 million in total cash, equity securities, and loans receivable as of September 30, 2025, and reduced consolidated debt by $37 million across its Benchmark and Deflecto segments since their acquisitions.
- Operational initiatives, particularly at Deflecto, are ongoing to mitigate macroeconomic and tariff headwinds, focusing on pricing strategies, cost savings, and operational efficiencies, with a target EBITDA margin in the low to mid-teens for the segment.
Nov 5, 2025, 1:00 PM
Acacia Research Corporation Reports Third Quarter 2025 Financial Results
ACTG
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Acacia Research Corporation reported total revenue of $59.4 million for the third quarter of 2025, an increase of 155% year over year.
- The company posted a GAAP Net Loss of ($2.7) million and GAAP Diluted EPS of ($0.03) for the three months ended September 30, 2025.
- Adjusted Net Loss for the quarter was ($1.1) million, with Adjusted Diluted EPS of ($0.01).
- Total Company Adjusted EBITDA reached $8.0 million, and Operated Segment Adjusted EBITDA was $12.6 million for the third quarter of 2025.
- As of September 30, 2025, cash, cash equivalents, equity securities, and loans receivable totaled $332.4 million, or $3.45 per share.
Nov 5, 2025, 12:02 PM
Acacia Research Corporation Reports Third Quarter 2025 Financial Results
ACTG
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Acacia Research Corporation reported total revenue of $59.4 million for the third quarter ended September 30, 2025, representing a 155% increase year-over-year.
- For Q3 2025, the company posted a GAAP Net Loss of ($2.7) million and GAAP Diluted EPS of ($0.03), with an Adjusted Net Loss of ($1.1) million and Adjusted Diluted EPS of ($0.01).
- Total Company Adjusted EBITDA for the quarter was $8.0 million, and Operated Segment Adjusted EBITDA was $12.6 million.
- As of September 30, 2025, the company's total cash, cash equivalents, equity securities, and loans receivable amounted to $332.4 million, or $3.45 per share.
Nov 5, 2025, 12:00 PM
Quarterly earnings call transcripts for ACACIA RESEARCH.
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