| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 114.56 | 111.2% | 123.6% |
| Total Income | 114.56 | 111.2% | 123.6% |
| Expenditure | 106.05 | 69.4% | 66.7% |
| PBT | -9.76 | 51.6% | 996.6% |
| Net Profit | 0.05 | 100.3% | 101.5% |
| OPM | 7.43% | 22.84pp | 31.61pp |
| NPM | 0.04% | 29.06pp | 6.47pp |
| EPS | 0.00 | 100.0% | 100.0% |
Acacia Research Corporation Reports Q2 2026 Financial Results with 124% Revenue Growth
05 Aug 2026 · 5 Aug, 4:37 pm
Summary
Acacia Research Corporation announced strong financial results for the second quarter of 2026, with total revenue soaring by 124% year-over-year to $114.6 million, primarily driven by higher paid-up licensing revenue from its Intellectual Property Operations segment. The company reported GAAP Net Income of $47 thousand and GAAP Diluted EPS of $0.00, while Adjusted Net Income stood at $12.8 million with Adjusted Diluted EPS of $0.13. Total Company Adjusted EBITDA was $17.3 million, and Operated Segment Adjusted EBITDA was $22.8 million. Management highlighted the strong performance of its operating companies, particularly Benchmark Energy, and expressed confidence in pursuing opportunities to generate long-term returns and create value for shareholders.
Key Highlights
- 1
Acacia Research Corporation reported total revenue of $114.6 million for the second quarter of 2026, a significant increase of 124% compared to the prior-year quarter.
- 2
The company achieved GAAP Net Income of $47 thousand and GAAP Diluted EPS of $0.00 for the quarter ended June 30, 2026.
- 3
Adjusted Net Income for Q2 2026 was $12.8 million, resulting in Adjusted Diluted EPS of $0.13.
- 4
Total Company Adjusted EBITDA for the second quarter of 2026 was $17.3 million.
- 5
Operated Segment Adjusted EBITDA reached $22.8 million for the second quarter of 2026.
- 6
Benchmark Energy reported its strongest revenue quarter under Acacia ownership, generating $20.5 million.
- 7
The company maintained a strong balance sheet with $334.6 million in cash, cash equivalents, equity securities measured at fair value, and loans receivable as of June 30, 2026.
Management Comments
Martin D. McNulty
Jr.
Acacia delivered strong financial and operating results for the second quarter, generating total revenue of $114.6 million, Operated Segment Adjusted EBITDA of $22.8 million and Total Company Adjusted EBITDA of $17.3 million. Revenue increased 124% year over year compared to the second quarter of 2025, driven primarily by higher paid-up licensing revenue from our Intellectual Property Operations segment. Our operating companies also continued to execute well, led by Benchmark Energy, which generated revenue of $20.5 million—its strongest revenue quarter. As we look ahead to the remainder of 2026, we remain focused on compounding long-term intrinsic value per share through disciplined capital allocation, active ownership of our operating businesses and selective investments across the public and private markets. As of the end of the second quarter, cash, cash equivalents, equity securities and loans receivable was approximately $334.6 million, or $3.43 per share, and we continued to maintain no parent-company debt. Our acquisition pipeline remains active, and our strong balance sheet, flexible investment mandate and experienced management team position us well to pursue opportunities where we believe we can generate attractive long-term returns and create differentiated value for our shareholders.
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