Acacia(US:ACTG)2025-11-05 12:02Financial Performance - Total revenue for Q3 2025 was $59.4 million, representing a 155% increase year-over-year from $23.3 million[6] - GAAP net loss for the quarter was ($2.7) million, equating to a GAAP diluted EPS of ($0.03)[6] - Adjusted net loss for Q3 2025 was ($1.1) million, with an adjusted diluted EPS of ($0.01)[6] - Total Company adjusted EBITDA was $8.0 million, while operated segment adjusted EBITDA reached $12.6 million for the quarter[6] - Adjusted net income for the nine months ended September 30, 2025, was $26.1 million, with an adjusted diluted EPS of $0.27[14] - Adjusted EBITDA for the total company was $7.968 million for Q3 2025, compared to an operating loss of $6.426 million[40] - Net loss attributable to Acacia Research Corporation was $2.730 million in Q3 2025, an improvement from a net loss of $13.996 million in Q3 2024[27] - The comprehensive loss attributable to Acacia Research Corporation was $2.844 million in Q3 2025, compared to a loss of $13.996 million in Q3 2024[27] - For the nine months ended September 30, 2025, the consolidated GAAP Operating Income was $19,494,000, compared to a loss of $17,644,000 in the previous year[41] - Adjusted EBITDA for the nine months ended September 30, 2025, reached $60,540,000, up from $44,208,000 in the prior year[41] Revenue Breakdown - Revenue from Manufacturing Operations contributed $30.8 million in Q3 2025, marking the third full quarter of operations in this segment[6] - Energy Operations generated $14.2 million in revenue, while Intellectual Property Operations brought in $7.8 million for the quarter[8] - Intellectual property operations generated revenues of $7.795 million in Q3 2025, compared to $486 thousand in Q3 2024, marking a growth of 1511%[27] - Energy operations revenues were $14.176 million in Q3 2025, slightly down from $15.817 million in Q3 2024, a decrease of 10.4%[27] - Manufacturing operations reported revenues of $30.815 million in Q3 2025, with no revenues reported in Q3 2024[27] Cash and Assets - Cash, cash equivalents, equity securities, and loans receivable totaled approximately $332.4 million, or $3.45 per share, at the end of Q3 2025[3] - Cash and cash equivalents increased to $332.4 million at September 30, 2025, up from $297.0 million at December 31, 2024, reflecting a $35.4 million increase[20] - Total assets as of September 30, 2025, were $768.9 million, compared to $756.4 million at December 31, 2024[26] - Total liabilities decreased to $192.0 million as of September 30, 2025, from $203.8 million at December 31, 2024[26] - The Parent company's total indebtedness was zero, while consolidated total indebtedness was $94.0 million as of September 30, 2025[20] - Acacia's total stockholders' equity increased to $576.8 million as of September 30, 2025, compared to $552.6 million at December 31, 2024[26] - Acacia's equity securities measured at fair value totaled $27.2 million as of September 30, 2025, up from $23.1 million at December 31, 2024[26] Operational Efficiency - The company implemented targeted pricing strategies and cost-saving measures to mitigate tariff pressures and streamline operations[2] - Looking ahead, the company aims to leverage its strong cash position to pursue both organic and inorganic growth opportunities[3] - The company generated $70.3 million from operating activities during the nine months ended September 30, 2025[20] Costs and Expenses - Total costs and expenses increased to $65.872 million in Q3 2025 from $33.582 million in Q3 2024, reflecting a rise of 96%[27] - Stock-Based Compensation for the nine months ended September 30, 2025, was $3,751,000, an increase from $3,239,000 in the prior year[41] - The company incurred transaction-related costs of $320,000 for the three months ended September 30, 2024[41] - For the nine months ended September 30, 2024, the company reported legacy matter costs of $2,777,000[41]