Company: ACTG
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000934549-25-000042
Chunk: 0

Company: ACACIA RESEARCH CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ITEM 1. FINANCIAL STATEMENTS

ACACIA RESEARCH CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)

June 30, 2025December 31, 2024(Unaudited)ASSETSCurrent assets:Cash and cash equivalents$316,721 $273,880 Equity securities21,467 23,135 Equity securities without readily determinable fair value5,816 5,816 Equity method investments30,934 30,934 Accounts receivable, net23,370 26,909 Inventories25,724 27,485 Prepaid expenses and other current assets19,958 31,987 Total current assets443,990 420,146 Property, plant and equipment, net22,751 23,865 Oil and natural gas properties, net187,095 191,680 Goodwill25,782 29,339 Other intangible assets, net61,643 55,429 Operating lease, right-of-use assets10,397 9,287 Deferred income tax assets, net16,998 20,233 Other non-current assets6,890 6,415 Total assets$775,546 $756,394 LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable$10,972 $12,074 Accrued expenses and other current liabilities22,677 20,575 Accrued compensation6,394 6,277 Current asset retirement obligation 1,585 1,546 Royalties and contingent legal fees payable5,681 5,448 Deferred revenue731 1,319 Current portion of long-term debt2,400 2,400 Total current liabilities50,440 49,639 Asset retirement obligation31,814 31,070 Long-term lease liabilities7,551 6,778 Deferred income tax liabilities, net2,697 2,609 Benchmark revolving credit facility58,000 66,500 Deflecto facility43,983 45,088 Other long-term liabilities3,590 2,091 Total liabilities198,075 203,775 Commitments and contingencies (Note 15)Stockholders' equity:Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or