CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 306,719	$ 273,880
Equity securities	17,551	23,135
Equity securities without readily determinable fair value	5,816	5,816
Equity method investments	30,934	30,934
Loans receivable	15,299	0
Accounts receivable, net	26,165	26,909
Inventories	26,559	27,485
Prepaid expenses and other current assets	21,050	31,987
Total current assets	450,093	420,146
Property, plant and equipment, net	21,291	23,865
Oil and natural gas properties, net	190,705	191,680
Goodwill	25,790	29,339
Net Book Value	48,148	55,429
Operating lease, right-of-use assets	11,500	9,287
Deferred income tax assets, net	14,836	20,233
Other non-current assets	8,593	6,415
Total assets	770,956	756,394
Current liabilities:
Accounts payable	13,358	12,074
Accrued expenses and other current liabilities	19,661	20,575
Accrued compensation	6,727	6,277
Current asset retirement obligation	1,589	1,546
Royalties and contingent legal fees payable	6,761	5,448
Deferred revenue	945	1,319
Current portion of long-term debt	0	2,400
Total current liabilities	49,041	49,639
Asset retirement obligation	32,586	31,070
Long-term lease liabilities	8,424	6,778
Deferred income tax liabilities, net	2,152	2,609
Benchmark revolving credit facility	59,500	66,500
Deflecto facility	32,566	45,088
Other long-term liabilities	2,655	2,091
Total liabilities	186,924	203,775
Commitments and contingencies (Note 16)
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; 96,475,469 and 96,048,999 shares issued and outstanding as of December 31, 2025 and 2024, respectively	96	96
Treasury stock, at cost, 20,542,064 shares as of December 31, 2025 and 2024, respectively	(118,542)	(118,542)
Accumulated other comprehensive income (loss)	670	(1,180)
Additional paid-in capital	915,330	910,237
Accumulated deficit	(254,104)	(275,786)
Total Acacia Research Corporation stockholders' equity	543,450	514,825
Noncontrolling interests	40,582	37,794
Total stockholders' equity	584,032	552,619
Total liabilities and stockholders' equity	$ 770,956	$ 756,394