The earnings call presented a mixed picture for Acacia Research, with notable achievements in free cash flow generation, strategic investments in Bitcoin-backed loans, and successful debt reduction and business turnaround initiatives. However, these positives were countered by a decline in IP revenue, increased G&A expenses, and challenges in the Deflecto business due to tariffs and global trade uncertainties. The overall sentiment is balanced between positive strategic moves and ongoing challenges.

Company Guidance -

Q3 2025

During Acacia Research's second quarter 2025 earnings call, the company provided several key financial metrics and strategic updates. Acacia reported total company revenue of $51.2 million, total company adjusted EBITDA of $1.9 million, and free cash flow of $47.9 million. The net result was a diluted earnings per share loss of $0.03, which was adjusted to a loss of $0.06 per share. The book value per share at the end of the quarter was $5.99, with a book value to Acacia, excluding noncontrolling interests, of $5.58 per share. The call highlighted a new partnership with Unchained Capital and Build Asset Management, focusing on secured lending solutions for Bitcoin, with an initial $20 million commitment to acquire fully recourse loans. Additionally, Acacia's hedging strategy in its energy operations was emphasized, with over 70% of operated oil and gas production hedged through the end of 2027. The company also discussed challenges and strategic initiatives within its Deflecto and Benchmark businesses, amidst a volatile macroeconomic environment and tariff-related headwinds.

Strong Free Cash Flow

Acacia generated free cash flow of $47.9 million, reflecting cash collection from a previously announced settlement in their IP business.

Bitcoin Commercial Loans Investment

Acacia announced a $20 million investment in Bitcoin-backed commercial loans with expected returns in excess of 10% net to Acacia, leveraging Unchained Capital's platform.

Energy Operations Performance

Energy operations generated $15.3 million in revenue, up from $14.2 million year-over-year, with an adjusted EBITDA of $7 million.

Debt Reduction at Benchmark

Benchmark paid down an incremental $3.5 million of debt, bringing total debt reduction to $24 million over the past 12 months.

Printronix Turnaround Success

Printronix is performing ahead of plan, with operations streamlined to improve cash flow and a successful shift to higher-margin consumable products.

Acacia Research (ACTG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ACTG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 17, 2025	2025 (Q3)	-0.14 / -	-0.13	―	―	―
Aug 06, 2025	2025 (Q2)	-0.05 / -0.06	0.619	-109.69% (-0.68)
May 08, 2025	2025 (Q1)	-0.05 / 0.34	0	―	―
Mar 13, 2025	2024 (Q4)	-0.07 / -0.07	0.75	-109.33% (-0.82)	―
Nov 12, 2024	2024 (Q3)	0.01 / -0.13	-0.01	-1200.00% (-0.12)	―
Aug 08, 2024	2024 (Q2)	0.08 / 0.62	-0.35	276.86% (+0.97)	―
May 09, 2024	2024 (Q1)	0.00 / 0.00	-0.07	―	―
Mar 14, 2024	2023 (Q4)	0.07 / 0.75	-0.48	256.25% (+1.23)	―
Nov 13, 2023	2023 (Q3)	0.12 / -0.01	0.02	-150.00% (-0.03)	―
Aug 03, 2023	2023 (Q2)	0.01 / -0.35	-1.44	75.69% (+1.09)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ACTG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$3.59	$3.26	-9.19%
May 08, 2025	$3.07	$3.54	+15.31%
Mar 13, 2025	$4.22	$3.61	-14.45%
Nov 12, 2024	$4.73	$4.31	-8.88%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Acacia Research Corp. (ACTG) report earnings?

Acacia Research Corp. (ACTG) is schdueled to report earning on Nov 17, 2025, After Close (Confirmed).

What is Acacia Research Corp. (ACTG) earnings time?

Acacia Research Corp. (ACTG) earnings time is at Nov 17, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ACTG EPS forecast?

ACTG EPS forecast for the fiscal quarter 2025 (Q3) is -0.14.

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