Company: ACTG
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000934549-25-000042
Chunk: 195

Company: ACACIA RESEARCH CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 195
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 June 30, 2025 from $10.1 million in the comparable prior year period, primarily due to expenses contributed from Manufacturing Operations of $5.1 million for the second quarter of 2025. 

•Unrealized gain from the change in fair value of our equity securities was $2.2 million in the three months ended June 30, 2025, as compared to an unrealized loss of $4.7 million in the comparable prior year period. The unrealized loss and gain were derived from our Life Sciences Portfolio and our trading securities portfolio. 

•Non-recurring legacy legal expense in the three months ended June 30, 2024 of $6.6 million is related to a dispute involving former executives (the “AIP Matter”). There were no comparable expenses for the three months ended June 30, 2025.

•Gain on derivatives was $6.6 million in the three months ended June 30, 2025, as compared to a loss of $2.7 million in the comparable prior year period due to the commodity derivative activities contributed from our Energy Operations. 

•Interest expense increased by $0.5 million for the three months ended June 30, 2025 primarily related to the borrowings on the Deflecto facility in connection with the Deflecto Transaction. 

52

•Interest income decreased $2.1 million for the three months ended June 30, 2025 due to the decrease in interest rates and a decrease in average cash balances.

Results of Operations - six months ended June 30, 2025 compared with the six months ended June 30, 2024

Total revenues increased $125.5 million to $175.7 million for the six months ended June 30, 2025, as compared to $50.2 million for the six months ended June 30, 2024, primarily due to an increase in our Intellectual Property Operations revenues and increases in Energy Operations and Manufacturing Operations revenue from acquisitions in the prior year period. Intellectual Property Operations revenues increased due to a increase in average license fees, which contributed to Intellectual Property Operations revenues increasing by $51.3 million. Refer to “Investments in Patent Portfolios” above for additional information regarding the impact of portfolio acquisition trends on current and future licensing and enforcement related revenues. Revenues contributed from Energy Operations were $33.6 million for the six months ended June 30, 2025, as compared to $16.0 million for the six months