CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 301,780	$ 273,880
Equity securities	27,193	23,135
Equity securities without readily determinable fair value	5,816	5,816
Equity method investments	30,934	30,934
Loans receivable	3,392
Accounts receivable, net	27,141	26,909
Inventories	26,490	27,485
Prepaid expenses and other current assets	17,891	31,987
Total current assets	440,637	420,146
Property, plant and equipment, net	22,188	23,865
Oil and natural gas properties, net	188,877	191,680
Goodwill	25,695	29,339
Net Book Value	55,458	55,429
Operating lease, right-of-use assets	11,643	9,287
Deferred income tax assets, net	16,939	20,233
Other non-current assets	7,434	6,415
Total assets	768,871	756,394
Current liabilities:
Accounts payable	13,331	12,074
Accrued expenses and other current liabilities	20,326	20,575
Accrued compensation	7,990	6,277
Current asset retirement obligation	1,569	1,546
Royalties and contingent legal fees payable	6,978	5,448
Deferred revenue	853	1,319
Current portion of long-term debt	0	2,400
Total current liabilities	51,047	49,639
Asset retirement obligation	32,232	31,070
Long-term lease liabilities	8,713	6,778
Deferred income tax liabilities, net	2,609	2,609
Benchmark revolving credit facility	58,500	66,500
Deflecto facility	35,519	45,088
Other long-term liabilities	3,413	2,091
Total liabilities	192,033	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; 96,460,378 and 96,048,999 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively	96	96
Treasury stock, at cost, 20,542,064 shares as of September 30, 2025 and December 31, 2024, respectively	(118,542)	(118,542)
Accumulated other comprehensive income (loss)	231	(1,180)
Additional paid-in capital	913,348	910,237
Accumulated deficit	(257,522)	(275,786)
Total Acacia Research Corporation stockholders' equity	537,611	514,825
Noncontrolling interests	39,227	37,794
Total stockholders' equity	576,838	552,619
Total liabilities and stockholders' equity	$ 768,871	$ 756,394