Company: ACTG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000934549-25-000021
Chunk: 20

Company: ACACIA RESEARCH CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 shares authorized; no shares issued or outstanding— — Common stock, par value $0.001 per share; 300,000,000 shares authorized; 96,171,702 and 96,048,999 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively96 96 Treasury stock, at cost, 20,542,064 and 20,542,064 shares as of March 31, 2025 and 2024, respectively(118,542)(118,542)Accumulated other comprehensive income(518)(1,180)Additional paid-in capital910,688 910,237 Accumulated deficit(251,499)(275,786)Total Acacia Research Corporation stockholders' equity540,225 514,825 Noncontrolling interests37,035 37,794 Total stockholders' equity577,260 552,619 Total liabilities and stockholders' equity$801,606 $756,394 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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Table of Contents

ACACIA RESEARCH CORPORATION

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(In thousands, except share and per share data)

Three Months Ended March 31,20252024Revenues:Intellectual property operations$69,905 $13,623 Industrial operations7,676 8,841 Energy operations18,306 1,856 Manufacturing operations28,535 — Total revenues124,422 24,320 Costs and expenses:Cost of revenues - intellectual property operations27,912 7,001 Cost of revenues - industrial operations4,064 4,049 Cost of production - energy operations12,698 1,315 Cost of revenues - manufacturing operations20,811 — Sales and marketing expenses - industrial and manufacturing operations3,312 1,555 General and administrative expenses17,320 12,487 Total costs and expenses86,117 26,407 Operating income (loss)38,305 (2,087)Other (expense) income:Equity securities investments:Change in fair value of equity securities(4,777)(26,701)Gain on sale of equity securities1,605 28,861 Net realized and unrealized (loss)