Acacia Research (ACTG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Acacia Research

NasdaqGS•Industrials•Business Equipment & Supplies

$4.55+0.01(<0.01%)Market open

Market Cap

$439.72M

P/S

1.6x

P/B

0.8x

Acacia Research Corporation operates as an acquirer and operator of businesses across industrial, energy, and technology sectors in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates through four segments: Intellectual Property Operations, Industrial Operations, Energy Operations, and Manufacturing Operations. The company is involved in investing in IP; and licensing and enforcement of patented technologies. It also designs and manufactures printers, including hardware and embedded software, as well as consumable products, such as inked ribbons for various industrial printing applications. In addition, the company acquires, explores, develops, and produces oil and natural gas resources located in Texas and Oklahoma. Further, it designs and manufactures purchase brochure, folder, and applications display holders; plastic injection-molded office supply, as well as arts, crafts, and education products; plastic and aluminum air venting and air control products; extruded vinyl chair mats; safety reflectors for bicycles; and emergency warning triangles, mud flaps, and splash guards for the heavy duty truck market and transportation industry. Acacia Research Corporation was incorporated in 1993 and is headquartered in New York, New York.

How this company scores

AverageMetricSide Score: 59/100

Strongest: Balance Sheet & Red Flags (17/25); weakest: Profitability (11/25).

Profitability11/25

Growth16/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality15/25

Strengths

Long cash runwayLow leverageNet cash positionImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.6x5y range 0.8x – 651.6x

Currently above its 12-quarter median.

P/S · 1.6x5y range 1.1x – 11.7x

Currently below its 20-quarter median.

P/B · 0.8x5y range 0.5x – 1.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 6.2x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $439.72M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $278.37M
Q. Revenue: $114.56M
TTM EBITDA: $16.99M
TTM Op. Income: $-19.35M
Q. Op. Income: $8.52M
TTM Net Income: $-15.01M
Q. Net Income: $47,000
EPS: N/A
Shares Out.: $96.85M

$278.37M in TTM revenue grew 12.3% YoY, reaching $114.56M last quarter. TTM EBITDA of $16.99M and TTM operating income of $-19.35M show growth is flowing through to the bottom line. However, net income is negative at $15.01M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is up 12% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 26.8%
EBITDA Margin: 13.2%
Op. Margin: 7.4%
Net Margin: 0.0%

Op. margin of 7.4% is up 31.6% YoY — cost efficiency is improving. Net margin at 0.0% and gross margin of 26.8% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.6x
P/B Ratio: 0.8x

P/S of 1.6x and P/B of 0.8x. P/S is low relative to typical market levels. Over the past year, P/E is up 0% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $791.53M
Cash: $307.63M
Long-Term Debt: $90.88M
Book Value: $557.02M
D/E Ratio: 0.2
Debt/EBITDA: 6.0

With $791.53M in assets and $90.88M in long-term debt, D/E is 0.2and book value is $557.02M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $3.90M
TTM Free Cash Flow: $26.74M
FCF Margin: 9.6%
FCF / Net Income: -1.8

TTM FCF of $26.74M on $3.90M in operating cash flow. The FCF / Net Income ratio of -1.8x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 6% — a weakening trend.