XML 38 R5.htm IDEA: XBRL DOCUMENT v3.25.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenues:    
Total revenues $ 122,312 $ 125,102
Costs and expenses:    
Cost of revenues - intellectual property operations 92,658 52,829
Sales and marketing expenses - industrial and manufacturing operations 7,217 6,908
General and administrative expenses 55,363 44,429
Total costs and expenses 155,238 104,166
Operating (loss) income (32,926) 20,936
Equity securities investments:    
Change in fair value of equity securities (31,412) 31,423
Gain (loss) on sale of equity securities 28,861 (10,930)
Earnings on equity investment in joint venture 0 4,167
Net realized and unrealized (loss) gain (2,551) 24,660
Non-recurring legacy legal expense (14,857) 0
Change in fair value of the Series B warrants and embedded derivatives 0 8,241
Gain on derivatives - energy operations 2,016 1,177
(Loss) gain on foreign currency exchange (370) 53
Interest expense (6,439) (2,063)
Interest income and other, net 16,980 14,422
Total other (expense) income (5,221) 46,490
(Loss) income before income taxes (38,147) 67,426
Income tax benefit 3,449 1,504
Net (loss) income including noncontrolling interests in subsidiaries (34,698) 68,930
Net income attributable to noncontrolling interests in subsidiaries (1,359) (1,870)
Net (loss) income attributable to Acacia Research Corporation (36,057) 67,060
(Loss) income per share:    
Net (loss) income attributable to common stockholders - Basic $ (36,057) $ 55,140
Weighted average number of shares outstanding - Basic 99,213,835 75,296,025
Basic net income (loss) per common share (in usd per share) $ (0.36) $ 0.73
Net (loss) income attributable to common stockholders - Diluted $ (36,057) $ 53,208
Weighted average number of shares outstanding - Diluted 99,213,835 92,411,818
Diluted net income (loss) per common share (in usd per share) $ (0.36) $ 0.58
Foreign currency translation $ (1,180) $ 0
Other comprehensive loss (1,180) 0
Total comprehensive (loss) income (35,878) 68,930
Comprehensive income attributable to noncontrolling interests (1,359) (1,870)
Comprehensive (loss) income attributable to Acacia Research Corporation (37,237) 67,060
Intellectual property operations    
Revenues:    
Total revenues 19,525 89,156
Costs and expenses:    
Cost of revenues - intellectual property operations 24,551 34,164
Industrial operations    
Revenues:    
Total revenues 30,421 35,098
Costs and expenses:    
Cost of revenues - intellectual property operations 14,912 18,009
Energy operations    
Revenues:    
Total revenues 49,183 848
Costs and expenses:    
Cost of revenues - intellectual property operations 36,291 656
Manufacturing Operations    
Revenues:    
Total revenues 23,183 0
Costs and expenses:    
Cost of revenues - intellectual property operations $ 16,904 $ 0