Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 163

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 163
---
 subsequent annual periods.

Industrial Operations

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

50

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.

Results of Operations

Summary of Results of Operations

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,20252024$ Change% Change20252024$ Change% Change(In thousands, except percentage change values)Total revenues$59,446 $23,310 $36,136 155%$235,105 $73,468 $161,637 220%Total costs and expenses65,872 33,582 32,290 96%215,611 90,585 125,026 138%Operating (loss) income(6,426)(10,272)3,846 (37%)19,494 (17,117)36,611 (214%)Total other income (expense)3,064 4,112 (1,048)(25%)5,863 (6,231)12,094 (194%)(Loss) income before income taxes(3,362)(6,160)2,798 (45%)25,357 (23,348)48,705 (209%)Income tax benefit (expense)968 (5,497)6,465 (118%)(5,660)2,673 (8,333)(312%)Net (loss) income attributable to Acacia Research Corporation(2,730)(13,996)11,266 (80%)18,264 (22,628)40,892 (181%)

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

Total revenues increased $36.1 million to $59.4 million for the three months ended September 30, 2025, as compared to $23.3 million for the three months ended September 30, 2024, due to increases in our Manufacturing Operations revenue of $30.