CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 316,721	$ 273,880
Equity securities	21,467	23,135
Equity securities without readily determinable fair value	5,816	5,816
Equity method investments	30,934	30,934
Accounts receivable, net	23,370	26,909
Inventories	25,724	27,485
Prepaid expenses and other current assets	19,958	31,987
Total current assets	443,990	420,146
Property, plant and equipment, net	22,751	23,865
Oil and natural gas properties, net	187,095	191,680
Goodwill	25,782	29,339
Net Book Value	61,643	55,429
Operating lease, right-of-use assets	10,397	9,287
Deferred income tax assets, net	16,998	20,233
Other non-current assets	6,890	6,415
Total assets	775,546	756,394
Current liabilities:
Accounts payable	10,972	12,074
Accrued expenses and other current liabilities	22,677	20,575
Accrued compensation	6,394	6,277
Current asset retirement obligation	1,585	1,546
Royalties and contingent legal fees payable	5,681	5,448
Deferred revenue	731	1,319
Current portion of long-term debt	2,400	2,400
Total current liabilities	50,440	49,639
Asset retirement obligation	31,814	31,070
Long-term lease liabilities	7,551	6,778
Deferred income tax liabilities, net	2,697	2,609
Benchmark revolving credit facility	58,000	66,500
Deflecto facility	43,983	45,088
Other long-term liabilities	3,590	2,091
Total liabilities	198,075	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; 96,444,993 and 96,048,999 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively	96	96
Treasury stock, at cost, 20,542,064 as of June 30, 2025 and December 31, 2024, respectively	(118,542)	(118,542)
Accumulated other comprehensive income (loss)	345	(1,180)
Additional paid-in capital	911,473	910,237
Accumulated deficit	(254,792)	(275,786)
Total Acacia Research Corporation stockholders' equity	538,580	514,825
Noncontrolling interests	38,891	37,794
Total stockholders' equity	577,471	552,619
Total liabilities and stockholders' equity	$ 775,546	$ 756,394