| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 54.24 | 56.4% |
| Total Income | 54.24 | 56.4% |
| Expenditure | 62.60 | 27.3% |
| PBT | -20.17 | 168.1% |
| Net Profit | -15.74 | 164.8% |
| OPM | -15.41% | 46.19pp |
| NPM | -29.02% | 48.54pp |
| EPS | -0.16 | 164.0% |
Acacia Research Corporation Reports Q1 2026 Financial Results
07 May 2026 · 7 May, 4:57 pm
Summary
Acacia Research Corporation reported its financial results for the first quarter of 2026, with total revenue reaching $54.2 million, up 8% from the previous quarter. The company experienced a GAAP Net Loss of ($15.7) million, or ($0.16) GAAP Diluted EPS, and an Adjusted Net Loss of ($6.6) million, or ($0.07) Adjusted Diluted EPS. Benchmark Energy achieved its strongest revenue quarter under Acacia ownership, recording $18.7 million in revenue. As of the end of the first quarter, the company's total cash, cash equivalents, equity securities, and loans receivable amounted to approximately $329.9 million, or $3.41 per share.
Key Highlights
- 1
Acacia Research Corporation reported total revenue of $54.2 million, an increase of 8% from the prior quarter.
- 2
Benchmark Energy recorded revenue of $18.7 million, marking its strongest revenue quarter under Acacia ownership.
- 3
The company reported a GAAP Net Loss of ($15.7) million, which translates to ($0.16) GAAP Diluted EPS.
- 4
Adjusted Net Loss was ($6.6) million, resulting in Adjusted Diluted EPS of ($0.07).
- 5
Total Company Adjusted EBITDA amounted to $1.6 million for the quarter.
- 6
Operated Segment Adjusted EBITDA reached $6.8 million.
- 7
The company's total cash, cash equivalents, equity securities measured at fair value, and loans receivable totaled approximately $329.9 million, or $3.41 per share at quarter end.
Management Comments
Martin (“MJ”) D. McNulty
Jr.
Acacia delivered strong financial and operating results for the first quarter, generating total revenue of $54.2 million, Operated Segment Adjusted EBITDA of $6.8 million and Total Company Adjusted EBITDA of $1.6 million. Operationally, our companies continued to execute on our strategic objectives, including targeted pricing strategies, cost savings initiatives and continued tariff countermeasures. We are pleased to announce that our Energy Operations subsidiary, Benchmark Energy, delivered its strongest revenue quarter under Acacia ownership driven by favorable oil prices and continued investments in new well development. Given the constructive commodity price environment and the early success with Benchmark’s recently completed Cherokee well, drilling in both our Cherokee and Cleveland acreage has become more attractive and we are in advanced stages of evaluating additional projects. Our Deflecto subsidiary completed its facility consolidation, which we expect to drive meaningful cost synergies on an annualized basis. As we look ahead to the remainder of 2026, our strategic focus is centered on leveraging our significant capital base and experienced management team to drive long-term growth across our operating businesses. As of the end of the first quarter, cash, cash equivalents, equity securities and loans receivable was approximately $329.9 million, or $3.41 per share. Our acquisition pipeline remains very active, and our strong cash position and balance sheet provide us with the flexibility to execute on accretive organic and inorganic growth opportunities, driving differentiated value for our shareholders.
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