ACACIA RESEARCH CORP (ACTG)
Financials · Diversified Acquisition / Operating Company · NASDAQ
Acacia is a disciplined acquisition vehicle targeting undervalued businesses in industrial, energy, and technology sectors, focused on operational improvement and free cash flow generation rather than financial engineering.
What ACACIA RESEARCH CORP does
Acacia Research Corporation is a disciplined value-oriented acquirer and operator of businesses across public and private markets, with operations spanning industrial, energy, technology, manufacturing, and intellectual property sectors. The company acquires companies with a focus on free cash flow generation and operational improvement, leveraging its deep industry relationships, capital base, and transaction expertise. Acacia operates as a long-term owner and operator rather than a financial investor, targeting companies with total enterprise value of $1 billion or less, though it may pursue larger acquisitions strategically. The company generates value through book value appreciation, free cash flow generation, and stock price growth.
Themes: ["value-oriented acquisitions","free cash flow generation","business consolidation and platform building","energy operations","industrial and manufacturing operations","intellectual property monetization","public market activism"]
Fundamentals
- Price$4.38 as of 2026-07-09 close
- Market cap$431M as of 2026-07-10
- 1-year return+15.0% as of 2026-07-09 close
- P/E19.87 as of 2026-07-10
- Net margin-8.5% as of 2026-07-10
- Gross margin+29.6% as of 2026-07-10
- ROE-3.4% as of 2026-07-10
- Debt / equity0.17 as of 2026-07-10
- Revenue growth (YoY)-3.3% as of 2026-07-10
- Revenue CAGR (3y)+68.9% SEC XBRL
- Beta0.43 as of 2026-07-10
Dividend: does not currently pay a dividend.
Key risks (from latest filing)
["Significant revenue decline in intellectual property operations (from $69.9M to $0.7M Q1 2025-2026), indicating loss of major licensing opportunities or patent portfolio monetization revenue","Company is currently unprofitable with negative net margin of -8.53% and Q1 2026 operating loss of $8.4M, despite positive historical performance, raising sustainability concerns","Concentrated operational exposure to energy sector (including oil/gas properties and derivative losses) creates commodity price and market volatility risk, compounded by $10.7M energy derivatives loss in Q1 2026"]
Competitors & peers
- Berkshire Hathaway (BRK.B)
- Markel Corporation (MKL)
- Fairfax Financial Holdings (FRFHF)
- Loews Corporation (L)
- Conglomerate Private Equity platforms (e.g., KKR, Apollo, Blackstone)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.