Filing Flows › Acacia Research (ACTG) › Q2 2025
Acacia Research (ACTG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Acacia Research (ACTG) reported revenue of $51.2M for the second quarter 2025 (Q2 2025), +98% from a year earlier and -59% from the quarter before. Operating margin was -24.2%, net loss $1.4M (2.8% of revenue).
Acacia Research, Q2 2025: revenue $51.2M (+98% year over year), operating margin -24.2%, net loss $1.4M, operating cash flow $50.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $51.2M | -59% | +98% |
| Operating profit | −$12.4M | -132% | — |
| Net earnings | −$1.4M | -106% | — |
| Operating cash flow | $50.1M | 21× | +211% |
| Free cash flow | $48.8M | 146× | — |
What changed
Revenue was $51.2M in Q2 2025, up 98% year over year and down 59% from the previous quarter. Transportation safety was the largest line at 21% of revenue. Printers, consumables and parts added $344K year over year (up 6%), 1% of the total change. Intellectual property operations declined 94%.
Gross margin was 12.8%, down 13.4 points from a year earlier. Operating costs exceeded revenue by $12.4M, an operating margin of -24.2%. Operating expenses grew 64% against revenue growth of 98%. The quarter ended with a net loss of $1.4M, after a profit of $23.5M the previous quarter. Non-operating items added $11.5M, -1292% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $50.1M (up 211% year over year). Non-cash charges added back $11.4M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $39.2M. Capital expenditures of $1.3M left free cash flow of $48.8M.
Questions
What was Acacia Research's revenue in the second quarter 2025?
Acacia Research (ACTG) reported revenue of $51.2M for the second quarter 2025 (Q2 2025), +98% from a year earlier and -59% from the quarter before.
Was Acacia Research profitable in the second quarter 2025?
Operating loss was $12.4M (-24.2% of revenue) and net loss $1.4M.
Source: Acacia Research 10-Q on SEC EDGAR.