Acacia Research Corporation — Third Quarter 2026 Earnings Summary

Acacia Research Corporation reported third-quarter 2026 total revenue of $54.4 million, an 8% decrease from the prior year quarter, driven primarily by lower paid-up license revenue in its Intellectual Property Operations segment. The company recorded a GAAP net loss of $5.6 million, or $0.06 per diluted share, while reporting an adjusted net income of $4.3 million and adjusted diluted earnings per share of $0.04. Total company adjusted EBITDA for the quarter was $3.9 million, with operated segment adjusted EBITDA reaching $9.1 million, led by Benchmark Energy's $19.5 million revenue. At quarter-end, the company held $346.3 million in cash, cash equivalents, equity securities, and loans receivable, representing $3.55 per share, with no parent-company debt.