Filing Flows › Acacia Research (ACTG) › Q2 2026 › vs Q2 2025
Acacia Research (ACTG) Q2 2026 vs Q2 2025 (year over year)
Acacia Research's revenue rose $63.3M (+124%) from $51.2M in Q2 2025 to $115M in Q2 2026. The biggest changes: Intellectual property operations +$60.6M (185×); Natural gas liquids sales +$867K (+22%); Air distribution −$812K (-8%).
Acacia Research, Q2 2026: revenue $115M (+124% year over year), operating margin 7.4%, net loss $8.4M, operating cash flow $3.9M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Intellectual property operations | $60.9M | $329K | $60.6M | 185× |
| Transportation safety | $10.5M | $11.0M | −$547K | -5% |
| Air distribution | $8.8M | $9.6M | −$812K | -8% |
| Office products | $7.9M | $8.4M | −$540K | -6% |
| Industrial operations | $6.0M | $6.6M | −$588K | -9% |
| Revenues - industrial operations | $6.0M | $6.6M | −$588K | -9% |
| Printers, consumables and parts | $5.3M | $5.8M | −$540K | -9% |
| Natural gas liquids sales | $4.8M | $3.9M | $867K | +22% |
| Natural gas sales | $3.5M | $4.0M | −$501K | -12% |
| Services | $747K | $795K | −$48K | -6% |
| Other service sales | $660K | $458K | $202K | +44% |
| Revenue | $115M | $51.2M | $63.3M | +124% |
| Income tax benefit | $1.3M | −$547K | $1.9M | — |
| Net loss | $8.4M | $1.4M | $7.0M | +487% |
| Costs & expenses | $124M | $64.2M | $60.2M | +94% |
| Operating costs | $106M | $63.6M | $42.4M | +67% |
| Interest & other, net | $18.3M | −$11.5M | $29.8M | — |
| Cost of revenue | $83.9M | $44.7M | $39.2M | +88% |
| Sales & marketing | $2.5M | $3.4M | −$892K | -26% |
| General & admin | $19.6M | $15.5M | $4.1M | +26% |
| Operating cash sources | $12.3M | $51.6M | −$39.2M | -76% |
| Depreciation & amortization | $6.6M | $11.4M | −$4.9M | -43% |
| Share-based compensation | $1.2M | $954K | $262K | +27% |
| Working capital & other | $4.6M | $39.2M | −$34.6M | -88% |
| Net loss absorbed | $8.4M | $1.4M | $7.0M | +487% |
| Operating cash flow | $3.9M | $50.1M | −$46.2M | -92% |
| Capital expenditures | $4.9M | $1.3M | $3.6M | +281% |
| Negative free cash flow (OCF − capex) | $947K | −$48.8M | $49.8M | — |
Questions
How much did Acacia Research's revenue grow year over year in Q2 2026?
Acacia Research's revenue rose $63.3M (+124%) from $51.2M in Q2 2025 to $115M in Q2 2026.
What drove Acacia Research's revenue change in Q2 2026?
Intellectual property operations +$60.6M (185×); Natural gas liquids sales +$867K (+22%); Air distribution −$812K (-8%).