ACACIA RESEARCH CORP
ACTGOther · Accelerated filer<br>Smaller reporting company · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $285.2M | $122.3M | $125.1M | $59.2M | $88.0M | $29.8M |
| Operating income | $6.4M | −$32.9M | $20.9M | −$40.1M | $14.5M | −$3.6M |
| Net income | $21.7M | −$36.1M | $67.1M | −$125.1M | $149.2M | −$11.3M |
| Total assets | $771.0M | $756.4M | $633.5M | $482.9M | $798.9M | $515.5M |
| Total liabilities | $186.9M | $203.8M | $43.9M | $193.7M | $353.6M | $212.1M |
| Equity | $543.5M | $514.8M | $568.3M | $258.3M | $419.4M | $281.5M |
| EPS (diluted) | $0.22 | $-0.36 | $0.58 | $-3.13 | $1.91 | $0.24 |
| Shares out. | 96.1M | 99.9M | 58.6M | 46.5M | 49.3M | 50.4M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 2.2%
- Net margin
- 7.6%
- Return on equity
- 4.0%
- Return on assets
- 2.8%
- Return on capital (ROCE)
- 0.9%
- Liabilities / assets
- 24.2%
- Debt / equity
- 0.34×
- Book value / share
- $5.66
- Revenue growth (YoY)
- 133.2%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 5.45safe
- Accruals / assets
- −6.9%clean
- Beneish M-Score
- -2.17normal
- Piotroski F-Score
- 9/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 6 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating margin is positive
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Nov 9, 2016
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Molinelli GavinDirector | Mar 31, 2026 | Grant | 6,237 | $4.81 |
| Sundar AjayDirector | Mar 31, 2026 | Grant | 4,158 | $4.81 |
| Soncini Jason W.Officer — General Counsel | Mar 23, 2026 | Tax withholding | 6,147 | $4.85 |
| Mcnulty Martin D. Jr.Officer — Chief Executive Officer | Mar 10, 2026 | Tax withholding | 8,207 | $4.15 |
| Sundar AjayDirector | Dec 31, 2025 | Grant | 5,348 | $3.74 |
| Molinelli GavinDirector | Dec 31, 2025 | Grant | 8,021 | $3.74 |
| Sundar AjayDirector | Sep 30, 2025 | Grant | 6,154 | $3.25 |
| Molinelli GavinDirector | Sep 30, 2025 | Grant | 9,231 | $3.25 |
| Zambito Michael SikoryakOfficer — Chief Financial Officer | Aug 11, 2025 | Buy | 7,700 | $3.27 |
| Felman MichelleDirector | Aug 11, 2025 | Gift | 11,560 | $0.00 |
| Sundar AjayDirector | Jun 30, 2025 | Grant | 5,587 | $3.58 |
| Molinelli GavinDirector | Jun 30, 2025 | Grant | 8,380 | $3.58 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 1.5M | 5.5 | +7.9% |
| Apr 30, 2026 | 1.4M | 6.3 | +11.8% |
| Apr 15, 2026 | 1.2M | 5.1 | -14.2% |
| Mar 31, 2026 | 1.4M | 3.6 | 0.0% |
| Mar 13, 2026 | 1.4M | 2.4 | -22.9% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 7, 2026
- Results of operationsMar 11, 2026
- Director / officer changeFeb 6, 2026
- Results of operationsNov 5, 2025
- Results of operationsAug 6, 2025
- Director / officer changeJun 24, 2025
- Regulation FD disclosureJun 11, 2025
- Shareholder voteMay 21, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 10-QMay 7, 2026
- 8-KMay 7, 2026
- DEF 14AApr 30, 2026
- 4Apr 1, 2026
- 4Apr 1, 2026
- 4FORM 4Mar 24, 2026
- 4FORM 4Mar 12, 2026
- 10-KMar 12, 2026
- 8-KMar 11, 2026
- 8-KFeb 6, 2026
- 4OWNERSHIP DOCUMENTJan 5, 2026
- 4OWNERSHIP DOCUMENTJan 5, 2026
- 10-QNov 6, 2025
- 8-KNov 5, 2025
- 4OWNERSHIP DOCUMENTOct 1, 2025
Event-driven situations (1)
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