UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues:
Total revenues	$ 114,562	$ 51,237	$ 168,801	$ 175,659
Costs and expenses:
Cost of revenues - intellectual property operations	83,912	44,695	126,096	110,180
Sales and marketing expenses - industrial and manufacturing operations	2,489	3,381	5,608	6,693
General and administrative expenses	19,645	15,546	36,938	32,866
Total costs and expenses	106,046	63,622	168,642	149,739
Operating income (loss)	8,516	(12,385)	159	25,920
Equity securities investments:
Change in fair value of equity securities	4,909	2,219	3,350	(2,558)
Gain on sale of equity securities	4,522	1,907	3,917	3,512
Net realized and unrealized gain	9,431	4,126	7,267	954
Impairment of equity method investment	(30,934)	0	(30,934)	0
Gain (loss) on derivatives - energy operations	3,341	6,635	(7,358)	1,614
(Loss) gain on foreign currency exchange	(6)	280	(65)	435
Interest expense	(1,829)	(2,329)	(3,715)	(4,780)
Interest income	2,658	2,936	5,473	5,446
Other expense, net	(937)	(153)	(752)	(870)
Total other (expense) income	(18,276)	11,495	(30,084)	2,799
(Loss) income before income taxes	(9,760)	(890)	(29,925)	28,719
Income tax benefit (expense)	1,318	(547)	3,882	(6,628)
Net (loss) income including noncontrolling interests in subsidiaries	(8,442)	(1,437)	(26,043)	22,091
Net loss (income) attributable to noncontrolling interests in subsidiaries	8,489	(1,856)	10,349	(1,097)
Net income (loss) attributable to Acacia Research Corporation	47	(3,293)	(15,694)	20,994
Income (loss) per share:
Net income (loss) attributable to common stockholders - Basic	$ 47	$ (3,293)	$ (15,694)	$ 20,994
Weighted average number of shares outstanding - Basic	96,853,895	96,244,590	96,671,521	96,131,624
Basic net income (loss) per common share (in usd per share)	$ 0	$ (0.03)	$ (0.16)	$ 0.22
Net income (loss) attributable to common stockholders - Diluted	$ 47	$ (3,293)	$ (15,694)	$ 20,994
Weighted average number of shares outstanding - Diluted	98,117,805	96,244,590	96,671,521	96,964,308
Diluted net income (loss) per common share (in usd per share)	$ 0	$ (0.03)	$ (0.16)	$ 0.22
Foreign currency translation	$ (204)	$ 863	$ (90)	$ 1,525
Other comprehensive loss	(204)	863	(90)	1,525
Total comprehensive (loss) income	(8,646)	(574)	(26,133)	23,616
Comprehensive loss (income) attributable to noncontrolling interests	8,489	(1,856)	10,349	(1,097)
Comprehensive (loss) income attributable to Acacia Research Corporation	(157)	(2,430)	(15,784)	22,519
Intellectual property operations
Revenues:
Total revenues	60,913	329	61,635	70,234
Costs and expenses:
Cost of revenues - intellectual property operations	46,230	6,558	51,063	34,470
Industrial operations
Revenues:
Total revenues	6,002	6,590	13,184	14,266
Costs and expenses:
Cost of revenues - intellectual property operations	3,042	3,406	6,321	7,470
Energy operations
Revenues:
Total revenues	20,545	15,317	39,214	33,623
Costs and expenses:
Cost of revenues - intellectual property operations	11,685	12,309	23,374	25,007
Manufacturing Operations
Revenues:
Total revenues	27,102	29,001	54,768	57,536
Costs and expenses:
Cost of revenues - intellectual property operations	$ 22,955	$ 22,422	$ 45,338	$ 43,233