Filing Flows › Acacia Research (ACTG) › Q2 2026
Acacia Research (ACTG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Acacia Research (ACTG) reported revenue of $115M for the second quarter 2026 (Q2 2026), +124% from a year earlier and +111% from the quarter before. Operating margin was 7.4%, net loss $8.4M (7.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $115M | +111% | +124% |
| Operating profit | $8.5M | — | — |
| Net earnings | −$8.4M | — | — |
| Operating cash flow | $3.9M | +15% | -92% |
What changed
Revenue was $114.6M in Q2 2026, up 124% year over year and up 111% from the previous quarter. Intellectual property operations was the largest line at 53% of revenue. Intellectual property operations added $60.6M year over year (up 18415%), 96% of the total change. Natural gas sales declined 12%.
Gross margin was 26.8%, up 14.0 points from Q2 2025. Operating profit was $8.5M, a 7.4% margin (up 31.6 points year over year). Operating expenses grew 17% against revenue growth of 124%. The fastest-growing cost line was General & admin (+26%). The quarter ended with a net loss of $8.4M, narrower than the previous quarter's $17.6M loss. Minority interests bore $8.5M of it: to shareholders the quarter was a profit of $47K. Net interest and other expense of $18.3M was the main reason.
Operating cash flow was $3.9M (down 92% year over year). Non-cash charges added back $6.6M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $4.6M. Capital expenditures of $4.9M exceeded it, leaving free cash flow of −$947K.
Questions
What was Acacia Research's revenue in the second quarter 2026?
Acacia Research (ACTG) reported revenue of $115M for the second quarter 2026 (Q2 2026), +124% from a year earlier and +111% from the quarter before.
Was Acacia Research profitable in the second quarter 2026?
Operating profit was $8.5M (7.4% of revenue) and net loss $8.4M.
Source: Acacia Research 10-Q on SEC EDGAR.