Company: ACTG
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000934549-25-000042
Chunk: 74

Company: ACACIA RESEARCH CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 74
---
, periodic results can be uneven. Unlike most operating businesses and industries, licensing revenues not generated in a current period are not necessarily foregone but, depending on whether negotiations, litigation or both continue into subsequent periods, and depending on several other factors, such potential revenues may be pushed into subsequent annual periods.

Industrial Operations

Refer to “Industrial Operations Business” above for information related to Printronix’s operating activities.

Energy Operations

Refer to “Energy Operations Business” above for information related to Benchmark’s operating activities.

Manufacturing Operations

Refer to “Manufacturing Operations Business” above for information related to Deflecto’s operating activities.

In addition to the following results of operations discussion, more information related to our Intellectual Property Operations, Industrial Operations, Energy Operations and Manufacturing Operations segment revenues may be found in Notes 2 and 19 to the consolidated financial statements.

51

Results of Operations

Summary of Results of Operations

Three Months Ended June 30,Six Months Ended June 30,20252024$ Change% Change20252024$ Change% Change(In thousands, except percentage change values)Total revenues$51,237 $25,838 $25,399 98%$175,659 $50,158 $125,501 250%Total costs and expenses63,622 30,596 33,026 108%149,739 57,003 92,736 163%Operating income (loss)(12,385)(4,758)(7,627)160%25,920 (6,845)32,765 (479%)Total other income (expense)11,495 (11,132)22,627 (203%)2,799 (10,343)13,142 (127%)Income (loss) before income taxes(890)(15,890)15,000 (94%)28,719 (17,188)45,907 (267%)Income tax (expense) benefit(547)7,061 (7,608)(108%)(6,628)8,170 (14,798)(181%)Net income (loss) attributable to Acacia Research Corporation(3,293)(8,446)5,153 (61%)20,994 (8,632)29,626 (343%)

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

Total revenues increased $25.4