CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 271,964	$ 273,880
Equity securities	18,064	23,135
Equity securities without readily determinable fair value	5,816	5,816
Equity method investments	30,934	30,934
Accounts receivable, net	95,725	26,909
Inventories	26,264	27,485
Prepaid expenses and other current assets	15,866	31,987
Total current assets	464,633	420,146
Property, plant and equipment, net	23,354	23,865
Oil and natural gas properties, net	189,104	191,680
Goodwill	25,566	29,339
Net Book Value	67,739	55,429
Operating lease, right-of-use assets	8,001	9,287
Deferred income tax assets, net	17,231	20,233
Other non-current assets	5,978	6,415
Total assets	801,606	756,394
Current liabilities:
Accounts payable	12,457	12,074
Accrued expenses and other current liabilities	24,084	20,575
Accrued compensation	6,879	6,277
Current asset retirement obligation	1,565	1,546
Royalties and contingent legal fees payable	26,699	5,448
Deferred revenue	1,403	1,319
Current portion of long-term debt, net	2,400	2,400
Total current liabilities	75,487	49,639
Asset retirement obligation	31,401	31,070
Long-term lease liabilities	5,872	6,778
Deferred income tax liabilities, net	2,697	2,609
Revolving credit facility	61,500	66,500
Term loan and revolving credit facility	44,488	45,088
Other long-term liabilities	2,901	2,091
Total liabilities	224,346	203,775
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; 96,171,702 and 96,048,999 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively	96	96
Treasury stock, at cost, 20,542,064 and 20,542,064 shares as of March 31, 2025 and 2024, respectively	(118,542)	(118,542)
Accumulated other comprehensive income	(518)	(1,180)
Additional paid-in capital	910,688	910,237
Accumulated deficit	(251,499)	(275,786)
Total Acacia Research Corporation stockholders' equity	540,225	514,825
Noncontrolling interests	37,035	37,794
Total stockholders' equity	577,260	552,619
Total liabilities and stockholders' equity	$ 801,606	$ 756,394