Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $65.4M | $132M | $11.2M | $29.8M | $88.0M | $59.2M | $125M | $122M | $285M |
| Revenue growth | — | — | 101.1% | -91.4% | 164.8% | 195.6% | -32.7% | 111.2% | -2.2% | 133.2% |
| Gross profit | — | — | — | — | — | $51.9M | $21.8M | $72.3M | $29.7M | $84.5M |
| Gross margin | — | — | — | — | — | 59.0% | 36.9% | 57.8% | 24.2% | 29.6% |
| Operating income | -$37.4M | -$27.3M | -$24.7M | -$23.4M | -$19.5M | $14.5M | -$40.1M | $20.9M | -$32.9M | $6.41M |
| Operating margin | — | -41.7% | -18.8% | -208.2% | -65.5% | 16.5% | -67.7% | 16.7% | -26.9% | 2.2% |
| Net income | -$54.1M | $22.2M | -$105M | -$17.1M | $109M | $149M | -$125M | $67.1M | -$36.1M | $21.7M |
| Net margin | — | 33.9% | -79.9% | -152.2% | 366.8% | 169.5% | -211.2% | 53.6% | -29.5% | 7.6% |
| EPS (diluted) | -$1.08 | $0.44 | -$2.10 | -$0.40 | $1.48 | $1.91 | -$3.13 | $0.58 | -$0.36 | $0.22 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $34.1M | $13.0M | $20.9M | -$2.31M | -$19.6M | $13.3M | -$37.3M | -$22.5M | $50.1M | $75.2M |
| Capital expenditures | $4.00K | $2.00K | $34.0K | $183K | $199K | $91.0K | $732K | $189K | $149M | — |
| Free cash flow | $34.1M | $13.0M | $20.8M | -$2.49M | -$19.8M | $13.2M | -$38.1M | -$22.7M | -$98.5M | — |
| Share buybacks | $82.0K | $0.00 | $4.63M | $0.00 | $4.00M | $4.01M | $51.0M | $0.00 | $20.3M | $0.00 |
| Dividends paid | $0.00 | $0.00 | — | $0.00 | $1.38M | $1.45M | $2.80M | $1.40M | $0.00 | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $139M | $137M | $129M | $57.4M | $166M | $309M | $288M | $340M | $274M | $307M |
| Total assets | $296M | $309M | $224M | $218M | $511M | $799M | $483M | $634M | $756M | $771M |
| Total liabilities | $28.6M | $13.1M | $32.7M | $35.1M | $212M | $354M | $194M | $43.9M | $204M | $187M |
| Long-term debt | — | — | — | — | — | — | — | — | — | $91.9M |
| Shareholders' equity | $266M | $294M | $189M | $173M | $277M | $419M | $258M | $568M | $515M | $543M |
| Retained earnings | -$342M | -$320M | -$423M | -$440M | -$331M | -$182M | -$307M | -$240M | -$276M | -$254M |
| Shares (wtd avg diluted) | 50.1M | 50.7M | 50.0M | 50.9M | 57.4M | 98.5M | 42.5M | 92.4M | 99.2M | 97.2M |
Every figure is extracted from ACACIA RESEARCH CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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