15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $285M | $24M | 29.6% | 2.2% | 4.5% | 3.2% | — | $92M | $307M |
| 2024 | $122M | -$35M | 24.2% | -26.9% | -6.7% | -4.6% | -$99M | — | $274M |
| 2023 | $125M | $69M | 57.8% | 16.7% | 12.1% | 10.9% | -$23M | — | $340M |
| 2022 | $59M | -$125M | 36.9% | -67.7% | -48.4% | -25.9% | -$38M | — | $288M |
| 2021 | $88M | $149M | 59.0% | 16.5% | 35.6% | 18.7% | $13M | — | $309M |
| 2020 | $30M | $109M | 16.6% | -65.5% | 39.4% | 21.4% | -$20M | — | $166M |
| 2019 | — | -$17M | — | — | -9.9% | -7.8% | -$2M | — | $57M |
| 2018 | — | -$105M | — | — | -55.5% | -46.9% | $21M | — | $129M |
| 2017 | — | $22M | — | — | 7.5% | 7.2% | $13M | — | $137M |
| 2016 | — | -$54M | — | — | -20.4% | -18.3% | $34M | — | $139M |
| 2015 | — | -$160M | — | — | -51.6% | -46.0% | -$10M | — | $135M |
| 2014 | — | -$66M | — | — | -13.7% | -12.3% | $4M | — | $134M |
| 2013 | — | -$56M | — | — | -10.2% | -9.5% | -$4M | — | $127M |
| 2012 | — | $59M | — | — | 9.7% | 8.9% | $104M | — | $222M |
| 2011 | — | $21M | — | — | 6.6% | 6.0% | $60M | — | $315M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $115M | $47000 | 26.8% | 7.4% | 0.0% | 0.0% | — | $91M | $308M |
| Mar '26 | $54M | -$16M | 22.2% | -15.4% | -3.0% | -2.1% | — | $91M | $308M |
| Dec '25 | $50M | $3M | 12.8% | -26.1% | 0.6% | 0.4% | — | $92M | $307M |
| Sep '25 | $59M | -$3M | 21.2% | -10.8% | -0.5% | -0.4% | — | — | $302M |
| Jun '25 | $51M | -$3M | 12.8% | -24.2% | -0.6% | -0.4% | — | — | $317M |
| Mar '25 | $124M | $24M | 47.4% | 30.8% | 4.5% | 3.0% | $335000 | — | $272M |
| Dec '24 | $49M | -$13M | 17.6% | -32.4% | -2.6% | -1.8% | -$24M | — | $274M |
| Sep '24 | $23M | -$14M | 10.1% | -44.1% | -2.6% | -2.0% | -$3M | — | $360M |
| Jun '24 | $26M | -$8M | 26.2% | -18.4% | -1.5% | -1.1% | -$127M | — | $387M |
| Mar '24 | $24M | -$186000 | 49.2% | -8.6% | -0.0% | -0.0% | $55M | — | $439M |
| Dec '23 | $92M | $75M | 73.9% | 60.6% | 13.2% | 11.8% | -$5M | — | $340M |
| Sep '23 | $10M | $2M | 2.4% | -130.4% | 0.3% | 0.3% | $1M | — | $345M |
| Jun '23 | $8M | -$19M | -13.1% | -158.5% | -5.8% | -3.5% | -$15M | — | $355M |
| Mar '23 | $15M | $9M | 32.7% | -63.0% | 2.7% | 1.7% | -$4M | — | $364M |
| Dec '22 | $13M | -$18M | 27.8% | -110.9% | -7.1% | -3.8% | -$24M | — | $288M |
| Sep '22 | $16M | $28M | 37.5% | -71.6% | 10.9% | 5.8% | $4M | — | $242M |
| Jun '22 | $17M | -$62M | 44.8% | -33.9% | -25.3% | -10.9% | -$15M | — | $264M |
| Mar '22 | $14M | -$73M | 35.2% | -63.0% | -21.9% | -11.1% | -$3M | — | $289M |
| Dec '21 | $63M | $204M | 0.0% | 49.5% | 48.7% | 25.6% | $23M | — | $309M |
| Sep '21 | $2M | $90M | 0.0% | -804.2% | 40.1% | 12.0% | -$1M | — | $218M |
How the market has priced ACTG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, ACACIA RESEARCH CORP's revenue has grown 57.1% per year, and net income declined 25.9% per year. These are computed facts, not advice.
As of FY2025, ACACIA RESEARCH CORP reported $92M of total debt against $307M of cash.
In FY2025, gross margin was 29.6%, operating margin 2.2%, and net margin 8.6%.
As of Sep '26, ACACIA RESEARCH CORP traded at a price-to-earnings ratio of about 18.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.