Company: ACTG
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000934549-25-000054
Chunk: 188

Company: ACACIA RESEARCH CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 188
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Operating Expenses

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,20252024$ Change% Change20252024$ Change% Change(In thousands, except percentage change values)Sales and marketing expenses - industrial operations$1,250 $1,391 $(141)(10%)$4,059 $4,333 $(274)(6%)Sales and marketing expenses - manufacturing operations1,830 — 1,830 n/a5,714 — 5,714 n/aGeneral and administrative costs - intellectual property operations1,914 1,917 (3)0%6,783 7,078 (295)(4%)General and administrative costs - industrial operations1,746 2,194 (448)(20%)5,357 6,124 (767)(13%)General and administrative costs - energy operations1,162 1,024 138 13%3,684 2,292 1,392 61%General and administrative costs - manufacturing operations4,574 — 4,574 n/a15,348 — 15,348 n/aParent general and administrative expenses6,554 6,097 457 7%17,644 18,354 (710)(4%)Total general and administrative expenses15,950 11,232 4,718 42%48,816 33,848 14,968 44%Total$19,030 $12,623 $6,407 51%$58,589 $38,181 $20,408 53%

The operating expenses table above includes the Company’s general and administrative expense by segment and Industrial Operations and Manufacturing Operations’ sales and marketing expenses. Refer to Note 2 included in our 2024 Annual Report for additional information regarding Printronix’s and Deflecto’s operating expenses.

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Table of Contents

General and Administrative Expenses

A summary of the main drivers of the increases (decreases) in general and administrative expenses is as follows:

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025 vs. 20242025 vs. 2024(In thousands)Personnel costs and board fees$272 $262 Non-recurring employee severance costs— (203)Variable performance-based compensation costs120 411 Compensation expense for share-based awards1,094 1,221 Other general and administrative costs(1