CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 273,880	$ 340,091
Equity securities	23,135	63,068
Equity securities without readily determinable fair value	5,816	5,816
Equity method investments	30,934	30,934
Accounts receivable, net	26,909	80,555
Inventories	27,485	10,921
Prepaid expenses and other current assets	31,987	23,127
Total current assets	420,146	554,512
Property, plant and equipment, net	23,865	2,356
Oil and natural gas properties, net	191,680	25,117
Goodwill	29,339	8,990
Net Book Value	55,429	33,556
Operating lease, right-of-use assets	9,287	1,872
Deferred income tax assets, net	20,233	2,915
Other non-current assets	6,415	4,227
Total assets	756,394	633,545
Current liabilities:
Accounts payable	12,074	3,261
Accrued expenses and other current liabilities	20,575	8,405
Accrued compensation	6,277	4,207
Current asset retirement obligation	1,546	0
Royalties and contingent legal fees payable	5,448	10,786
Deferred revenue	1,319	977
Total current liabilities	47,239	27,636
Asset retirement obligation	31,070	294
Long-term lease liabilities	6,778	1,736
Deferred income tax liabilities, net	2,609	0
Revolving credit facility	66,500	10,525
Term loan	47,488	0
Other long-term liabilities	2,091	3,745
Total liabilities	203,775	43,936
Commitments and contingencies (Note 15)
Stockholders' equity:
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding	0	0
Common stock, par value $0.001 per share; 300,000,000 shares authorized; 96,048,999 and 99,895,473 shares issued and outstanding as of December 31, 2024 and 2023, respectively	96	100
Treasury stock, at cost, 20,542,064 and 16,183,703 shares as of December 31, 2024 and 2023, respectively	(118,542)	(98,258)
Accumulated other comprehensive income	(1,180)	0
Additional paid-in capital	910,237	906,153
Accumulated deficit	(275,786)	(239,729)
Total Acacia Research Corporation stockholders' equity	514,825	568,266
Noncontrolling interests	37,794	21,343
Total stockholders' equity	552,619	589,609
Total liabilities and stockholders' equity	$ 756,394	$ 633,545