Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 0

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
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ITEM 1. FINANCIAL STATEMENTS

ACACIA RESEARCH CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

September 30, 2025December 31, 2024(Unaudited)ASSETSCurrent assets:Cash and cash equivalents$301,780 $273,880 Equity securities27,193 23,135 Equity securities without readily determinable fair value5,816 5,816 Equity method investments30,934 30,934 Loans receivable 3,392 — Accounts receivable, net27,141 26,909 Inventories26,490 27,485 Prepaid expenses and other current assets17,891 31,987 Total current assets440,637 420,146 Property, plant and equipment, net22,188 23,865 Oil and natural gas properties, net188,877 191,680 Goodwill25,695 29,339 Other intangible assets, net55,458 55,429 Operating lease, right-of-use assets11,643 9,287 Deferred income tax assets, net16,939 20,233 Other non-current assets7,434 6,415 Total assets$768,871 $756,394 LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable$13,331 $12,074 Accrued expenses and other current liabilities20,326 20,575 Accrued compensation7,990 6,277 Current asset retirement obligation 1,569 1,546 Royalties and contingent legal fees payable6,978 5,448 Deferred revenue853 1,319 Current portion of long-term debt— 2,400 Total current liabilities51,047 49,639 Asset retirement obligation32,232 31,070 Long-term lease liabilities8,713 6,778 Deferred income tax liabilities, net2,609 2,609 Benchmark revolving credit facility58,500 66,500 Deflecto facility35,519 45,088 Other long-term liabilities3,413 2,091 Total liabilities192,033 203,775 Commitments and contingencies (Note 15)Stockholders' equity:Preferred stock, par value $0.001 per share; 10,000