Acacia Research Corporation (ACTG)

Acacia Research reported a GAAP net loss of $3.3 million in Q2 2025 and announced a partnership focusing on financial services for Bitcoin holders. The company reported its third-quarter 2025 financial results. Acacia Research remained unprofitable, with losses deepening annually, raising profitability concerns. Hedge funds favored Acacia Research, holding 63% of the company. Shareholders experienced a 15% loss over the preceding year. Short interest in Acacia Research recently increased by 18.70%, indicating a decrease in investor sentiment. As of January 22, 2026, the share price was $4.01, representing an 8.24% decline from January 23, 2025.

Acacia Research's products and services experience demand fluctuations influenced by external factors rather than inherent seasonality. The company has observed tariff-related purchasing delays in consumer products and an aging fleet in the transportation sector due to delayed purchasing. New Class 8 truck orders have been at their lowest level since 2010, indicating a challenging demand environment. Acacia is implementing mitigation strategies like reshoring manufacturing and exploring alternative sourcing but remains susceptible to tariff-related demand shifts.

Acacia Research Corporation is an American company based in New York City that acquires and operates businesses in the technology, energy, and industrial/manufacturing sectors. The company operates through four segments: Intellectual Property Operations, Industrial Operations, Energy Operations, and Manufacturing Operations. Acacia identifies, acquires, develops, and monetizes high-value patent portfolios. Through acquisitions, Acacia's product portfolio has expanded to include products such as emergency warning triangles, vehicle mud flaps, home air and dryer venting solutions, storage and organization products, chair mats, desk accessories, and sign holders. Its Benchmark Energy II, LLC subsidiary focuses on acquiring and producing oil and gas resources.

Acacia Research Corp. has a global geographic footprint, with operations spanning the Americas, Europe, the Middle East and Africa, China, India, and the Asia-Pacific region (excluding China and India).

Acacia Research has been characterized as a "patent troll." Its reputation has also been affected by persistent losses and deepening profitability concerns.

Starboard Value LP holds 63.37% of shares and is the controlling shareholder. Other major institutional owners include State Street Corp, Dimensional Fund Advisors LP, BlackRock, Inc., and Vanguard Group Inc. Individual insider owners include Alfred Victor Tobia Jr., Austin W. Greenhouse David M. Marxe, and Thomas B. Akin.