Acacia Research Corp. (ACTG)
NASDAQ:ACTG
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.06Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: operational execution and strategic investments showed tangible progress (Benchmark well success with strong returns, record production, Deflecto consolidation and expected cost savings, Printronix cash generation, and a solid liquidity position). However, material near-term negatives—chiefly an episodic collapse in IP revenue compared with the prior year and a large noncash unrealized hedge loss—drove a GAAP loss, lowered book value, and produced an adjusted net loss for the quarter. Management emphasized that many negatives are noncash or episodic (hedge mark-to-market and timing of IP settlements) and highlighted expected contributions from recently completed investments beginning in Q2 and H2 2026.Company Guidance
Total Q1 Revenue
Acacia reported total Q1 2026 revenue of $54.2 million.
Operated Segment Revenue Growth (Excluding IP)
Total operated segment revenue excluding Intellectual Property was $53.5 million, a sequential increase of $3.7 million or 7% versus Q4 2025.
Benchmark Record Quarter and Cherokee Well Success
Benchmark achieved record quarterly revenue of $18.7 million and adjusted EBITDA of $7.7 million. The first Cherokee well was completed on budget with development costs of $11.5 million and an expected >2.5x MOIC (60%+ IRR), with full production benefits expected in Q2–Q3. April production set a company record with over 63,000 barrels sold in the month.
Manufacturing Operational Improvements (Deflecto)
Deflecto revenue increased 4.6% sequentially and adjusted EBITDA rose 1.3% sequentially. Management completed consolidation of the Portland facility into Dover and expects approximately $2.0 million in annualized cost savings beginning in H2 2026; Deflecto term loan balance at $31.3 million and $1.6 million of Deflecto debt was repaid in the quarter.
Printronix Cash Generation and Yield
Printronix generated approximately $4.8 million of cash flow over the past 12 months, representing a ~15% cash flow yield relative to the acquisition price, supporting steady cash contributions to the company.
Adjusted EBITDA and Underlying Segment Performance
Company total adjusted EBITDA for the quarter was $1.6 million. Excluding IP, operated segment adjusted EBITDA was $10.3 million and was stable sequentially, indicating underlying operational resilience across core businesses.
Strong Liquidity and Zero Parent Debt
Cash, cash equivalents, equity securities at fair value and loans receivable totaled $329.9 million as of March 31, 2026; the parent company reported zero indebtedness at quarter end, providing flexibility for organic and inorganic opportunities.
Debt Reduction Since Acquisitions
Benchmark has paid down approximately $23 million of debt since April 2024 and Deflecto has paid down approximately $17.3 million of debt since acquisition, lowering consolidated leverage to $90.5 million (Benchmark $59.5M, Deflecto $31M).
ACTG Earnings History
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 |
|---|---|---|---|
May 07, 2026 | $5.07 | $4.71 | -7.20% |
Mar 11, 2026 | $4.15 | $5.00 | +20.48% |
Nov 05, 2025 | $3.28 | $3.62 | +10.37% |
Aug 06, 2025 | $3.59 | $3.26 | -9.19% |
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 Aug 06, 2026, After Close (Confirmed).
What is Acacia Research Corp. (ACTG) earnings time?
Acacia Research Corp. (ACTG) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is ACTG EPS forecast?
ACTG EPS forecast for the fiscal quarter 2026 (Q2) is -0.09.