Filing Flows

Filing Flows › Companies › Acacia Research › Cash flow

Acacia Research cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$10.5M in Q3 2026 · $12.4M over twelve months

Operating cash flow$15.0M
Capital spending−$4.5M
Free cash flow+$10.5M
Cash conversion cycle122 days

Analysis

In Q3 2026, Acacia Research generated $15.0M of operating cash flow and spent $4.5M on capital projects, leaving free cash flow of $10.5M. That is $6.5M more than in Q3 2025 ($3.9M).

Over the twelve months to Sep 30, 2026, operating cash flow was $35.4M; the largest uses were capital spending ($23.0M), net borrowing (+) / repaid (−) ($3.8M), taxes on employees’ shares ($3.1M); besides operations, cash came from other investing ($29.5M); the cash balance rose by $35.1M.

Operating cash flow was $15.0M against net income of −$5.9M. The largest differences: receivables +$55.2M, depreciation & amortization +$6.5M, payables +$3.0M.

Its cash conversion cycle was 122 days (receivables 100 + inventory 57 − payables 34).

Free cash flow

Acacia Research: free cash flow by quarterAcacia Research: free cash flow by quarter−$24.4MQ4 2024$335KQ1 2025$48.8MQ2 2025$3.9MQ3 2025$7.9MQ4 2025−$5.1MQ1 2026−$947KQ2 2026$10.5MQ3 2026
Operating cash flow less capital spending.
Acacia Research: operating cash flow against capital spendingAcacia Research: operating cash flow against capital spendingOperating cash flowCapital spending−$20.3M$4.2MQ4 2024$2.4M$2.1MQ1 2025$50.1M$1.3MQ2 2025$9.5M$5.6MQ3 2025$13.2M$5.2MQ4 2025$3.4M$8.5MQ1 2026$3.9M$4.9MQ2 2026$15.0M$4.5MQ3 2026
Latest (Q3 2026): Operating cash flow $15.0M, Capital spending $4.5M.

Capital allocation, year by year

Acacia Research: where the cash came from (up) and went (down), by fiscal yearAcacia Research: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $13.3MFY2021: Net borrowing $65.0MFY2021: Shares issued $202KFY2021: Capital spending −$91KFY2021: Acquisitions −$33.2MFY2021: Buybacks −$4.0MFY2021: Dividends −$1.5M$78.5MFY2021FY2022: Operating cash flow −$37.3MFY2022: Net borrowing −$120MFY2022: Capital spending −$732KFY2022: Buybacks −$51.0MFY2022: Dividends −$2.8MFY2022FY2023: Operating cash flow −$22.5MFY2023: Net borrowing −$67.7MFY2023: Shares issued $235KFY2023: Capital spending −$189KFY2023: Acquisitions −$9.4MFY2023: Dividends −$1.4M$235KFY2023FY2024: Operating cash flow $50.1MFY2024: Net borrowing $103MFY2024: Shares issued $223KFY2024: Capital spending −$149MFY2024: Acquisitions −$87.7MFY2024: Buybacks −$20.3M$154MFY2024FY2025: Operating cash flow $75.2MFY2025: Net borrowing −$22.1MFY2025: Shares issued $30KFY2025: Capital spending −$14.2MFY2025: Acquisitions $1.2M$76.5MFY2025
Over these 5 years operating cash flow totalled $78.8M; the largest uses were net borrowing ($210M) and capital spending ($164M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$337M
Debt$90.9M
Net cash$246M
Due within a year$17.0M

Acacia Research funds itself: free cash flow was $12.4M over the last twelve months, and $337M of cash and investments stands against $90.9M of debt ($17.0M due within a year, 19.8× covered by cash).

Where the cash came from and went

Acacia Research: sources (+) and uses (−) of cash, Q3 2026Acacia Research: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)−$29.3MOther investing$19.3MOperating cash flow$15.0MCapital spending−$4.5MExchange rates−$529K
Acacia Research: sources (+) and uses (−) of cash, TTM to Q3 2026Acacia Research: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$35.4MCash drawn (+) / kept (−)−$35.1MOther investing$29.5MCapital spending−$23.0MNet borrowing (+) / repaid (−)−$3.8MTaxes on employees’ shares−$3.1MExchange rates$27K

From profit to cash

Acacia Research: net income to operating cash flow, Q3 2026Acacia Research: net income to operating cash flow, Q3 2026Net income−$5.9MDepreciation & amortization$6.5MStock-based pay$151KDeferred taxes−$1.7MReceivables$55.2MInventory−$353KPayables$3.0MDeferred revenue−$102KPrepaid and other assets$288KOperating cash flow$15.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20261005734122
Q2 202646261557
Q1 202646532672
Q4 202549562877
Q3 202539512466
Q2 20251065324135
Q1 202544371764
Q4 202435452061

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$15.0M−$4.5M———−$29.3M$10.5M
Q2 2026$3.9M−$4.9M——−$182K−$128K−$947K
Q1 2026$3.4M−$8.5M——−$1.6M−$788K−$5.1M
Q4 2025$13.2M−$5.2M——−$2.0M−$4.9M$7.9M
Q3 2025$9.5M−$5.6M——−$10.4M$14.9M$3.9M
Q2 2025$50.1M−$1.3M——−$4.1M−$44.8M$48.8M
Q1 2025$2.4M−$2.1M$1.2M—−$5.6M$1.9M$335K
Q4 2024−$20.3M−$4.2M−$87.7M−$13.0M−$3.5M$86.2M−$24.4M

Acacia Research: income statement and cash flow

Acacia Research, Q3 2026: revenue $54.4M (-8% year over year), operating margin -6.6%. The chart follows the revenue to costs, profit and cash.

Acacia Research: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.