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ACTG · Nasdaq · United States · Patent Owners & Lessors
In shortACACIA RESEARCH CORP is profitable, generates cash and holds more cash than debt, with revenue growing (+133.2% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 2.2% | 24/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 7.6% | 50/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 4.1% | 20/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 0.8% | 5/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 9.18× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.17× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.71× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 5.45 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 26.4% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 3.47× | 100/100 |
| Years with positive free cash flow (last 5) | 2 of 5 | 25/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 95.7% | 0/100 |
| Operating margin volatility | 35.9% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 68.9% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 88 | 59 | 125 | 122 | 285 |
| Cost of revenue | 36 | 37 | 53 | 93 | 201 |
| Gross profit | 52 | 22 | 72 | 30 | 84 |
| Research & development | 0.2 | 0.6 | 0.7 | – | – |
| Operating income | 15 | (40) | 21 | (33) | 6.4 |
| Interest expense | 7.9 | 6.4 | 2.1 | 6.5 | 9 |
| Pre-tax income | 175 | (127) | 67 | (38) | 31 |
| Income tax | 24 | (16) | (1.5) | (3.4) | 6.8 |
| Net income | 149 | (125) | 67 | (36) | 22 |
| Diluted EPS | $1.91 | −$3.13 | $0.58 | −$0.36 | $0.22 |
| Diluted shares (millions) | 98 | 42 | 92 | 99 | 97 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of ACACIA RESEARCH CORP are included in the Investor plan. Try free for 7 days →
5.45 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
8/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 6, 2026