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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues:    
Total revenues $ 59,223 $ 88,047
Costs and expenses:    
Cost of revenues - intellectual property operations 37,388 36,098
Engineering and development expenses - industrial operations 626 200
Sales and marketing expenses - industrial operations 8,621 1,538
General and administrative expenses 52,680 35,666
Total costs and expenses 99,315 73,502
Operating (loss) income (40,092) 14,545
Equity securities investments:    
Change in fair value of equity securities (263,695) 87,527
Gain on sale of equity securities 125,318 116,129
Earnings on equity investment in joint venture 42,531 3,530
Net realized and unrealized (loss) gain (95,846) 207,186
Change in fair value of investment 0 (2,752)
Gain on sale of investment 0 3,591
Change in fair value of the Series A and B warrants and embedded derivatives 13,102 (40,408)
Loss on foreign currency exchange (3,324) (89)
Interest expense on Senior Secured Notes (6,432) (7,922)
Interest income and other, net 5,442 501
Total other (expense) income (87,058) 160,107
(Loss) income before income taxes (127,150) 174,652
Income tax benefit (expense) 16,211 (24,287)
Net (loss) income including noncontrolling interests in subsidiaries (110,939) 150,365
Net income attributable to noncontrolling interests in subsidiaries (14,126) (1,168)
Net (loss) income attributable to Acacia Research Corporation (125,065) 149,197
(Loss) income per share:    
Net (loss) income attributable to common stockholders - Basic $ (133,035) $ 118,804
Weighted average number of shares outstanding - Basic 42,460,504 48,797,290
Basic net income (loss) per common share (in usd per share) $ (3.13) $ 2.43
Net (loss) income attributable to common stockholders - Diluted $ (133,035) $ 188,224
Weighted average number of shares outstanding - Diluted 42,460,504 98,470,870
Diluted net income (loss) per common share (in usd per share) $ (3.13) $ 1.91
Intellectual property operations    
Revenues:    
Total revenues $ 19,508 $ 76,043
Costs and expenses:    
Cost of revenues - intellectual property operations 18,029 28,691
Industrial operations    
Revenues:    
Total revenues 39,715 12,004
Costs and expenses:    
Cost of revenues - intellectual property operations $ 19,359 $ 7,407