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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenues:    
Total revenues $ 285,232 $ 122,312
Costs and expenses:    
Cost of revenues - intellectual property operations 200,752 92,658
Sales and marketing expenses - industrial and manufacturing operations 12,954 7,217
General and administrative expenses 65,117 55,363
Total costs and expenses 278,823 155,238
Operating income (loss) 6,409 (32,926)
Equity securities investments:    
Change in fair value of equity securities 1,092 (31,412)
(Loss) gain on sale of equity securities (25) 28,861
Net realized and unrealized gain (loss) 1,067 (2,551)
Non-recurring legacy legal expense 0 (14,857)
Service provider settlement, net 15,750 0
Gain on derivatives - energy operations 7,449 2,016
Gain (loss) on foreign currency exchange 414 (370)
Interest expense (8,989) (6,464)
Interest income 11,260 17,682
Other expense, net (2,049) (677)
Total other income (expense) 24,902 (5,221)
Income (loss) before income taxes 31,311 (38,147)
Income tax (expense) benefit (6,841) 3,449
Net income (loss) including noncontrolling interests in subsidiaries 24,470 (34,698)
Net income attributable to noncontrolling interests in subsidiaries (2,788) (1,359)
Net income (loss) attributable to Acacia Research Corporation 21,682 (36,057)
Income (loss) per share:    
Net income (loss) attributable to common stockholders - Basic $ 21,682 $ (36,057)
Weighted average number of shares outstanding - Basic 96,293,764 99,213,835
Basic net income (loss) per common share (in usd per share) $ 0.23 $ (0.36)
Net income (loss) attributable to common stockholders - Diluted $ 21,682 $ (36,057)
Weighted average number of shares outstanding - Diluted 97,158,219 99,213,835
Diluted net income (loss) per common share (in usd per share) $ 0.22 $ (0.36)
Foreign currency translation $ 1,850 $ (1,180)
Other comprehensive income 1,850 (1,180)
Total comprehensive income (loss) 26,320 (35,878)
Comprehensive income attributable to noncontrolling interests (2,788) (1,359)
Comprehensive income (loss) attributable to Acacia Research Corporation 23,532 (37,237)
Intellectual property operations    
Revenues:    
Total revenues 78,355 19,525
Costs and expenses:    
Cost of revenues - intellectual property operations 50,013 24,551
Industrial operations    
Revenues:    
Total revenues 28,267 30,421
Costs and expenses:    
Cost of revenues - intellectual property operations 14,475 14,912
Energy operations    
Revenues:    
Total revenues 63,818 49,183
Costs and expenses:    
Cost of revenues - intellectual property operations 49,315 36,291
Manufacturing Operations    
Revenues:    
Total revenues 114,792 23,183
Costs and expenses:    
Cost of revenues - intellectual property operations $ 86,949 $ 16,904