Filing Flows › Acacia Research (ACTG) › Q1 2026
Acacia Research (ACTG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Acacia Research (ACTG) reported revenue of $54.2M for the first quarter 2026 (Q1 2026), -56% from a year earlier and +8% from the quarter before. Operating margin was -15.4%, net loss $17.6M (32.5% of revenue).
Acacia Research, Q1 2026: revenue $54.2M (-56% year over year), operating margin -15.4%, net loss $17.6M, operating cash flow $3.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $54.2M | +8% | -56% |
| Operating profit | −$8.4M | — | -122% |
| Net earnings | −$17.6M | -469% | -172% |
| Operating cash flow | $3.4M | -74% | +40% |
What changed
Revenue was $54.2M in Q1 2026, down 56% year over year and up 8% from the previous quarter. Transportation safety was the largest line at 19% of revenue. Intellectual property operations lost $69.2M year over year (down 99%), 99% of the total change.
Gross margin was 22.2%, down 25.1 points from Q1 2025. Operating costs exceeded revenue by $8.4M, an operating margin of -15.4%. Operating expenses fell 1% while revenue fell 56%. The quarter ended with a net loss of $17.6M, after a profit of $4.8M the previous quarter. Minority interests bore $1.9M of it: to shareholders the quarter was a loss of $15.7M. Net interest and other expense of $11.8M was the main reason.
Operating cash flow was $3.4M (up 40% year over year). Non-cash charges added back $8.5M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $11.5M. Capital expenditures of $8.5M exceeded it, leaving free cash flow of −$5.1M.
Questions
What was Acacia Research's revenue in the first quarter 2026?
Acacia Research (ACTG) reported revenue of $54.2M for the first quarter 2026 (Q1 2026), -56% from a year earlier and +8% from the quarter before.
Was Acacia Research profitable in the first quarter 2026?
Operating loss was $8.4M (-15.4% of revenue) and net loss $17.6M.
Source: Acacia Research 10-Q on SEC EDGAR.