Filing Flows › Acacia Research (ACTG) › Q3 2026 › vs Q3 2025
Acacia Research (ACTG) Q3 2026 vs Q3 2025 (year over year)
Acacia Research's revenue fell $5.0M (-8%) from $59.4M in Q3 2025 to $54.4M in Q3 2026. The biggest changes: Intellectual property operations −$7.5M (-97%); License fees −$7.5M (-97%); Oil sales +$3.4M (+52%).
Acacia Research, Q3 2026: revenue $54.4M (-8% year over year), operating margin -6.6%, net loss $5.9M, operating cash flow $15.0M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 19.3% | 6.6% | +12.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Industrial operations | $7.5M | $6.7M | $871K | +13% |
| Services | $714K | $801K | −$87K | -11% |
| Air distribution | $8.2M | $7.5M | $784K | +11% |
| Transportation safety | $11.3M | $11.3M | $12K | +0.1% |
| Oil sales | $10.0M | $6.6M | $3.4M | +52% |
| Office products | $7.7M | $9.3M | −$1.6M | -18% |
| Printers, consumables and parts | $6.8M | $5.9M | $958K | +16% |
| Natural gas liquids sales | $5.0M | $3.2M | $1.8M | +55% |
| Natural gas sales | $3.8M | $3.7M | $28K | +0.7% |
| Other service sales | $678K | $617K | $61K | +10% |
| Recurring license revenue agreements | $263K | $420K | −$157K | -37% |
| Intellectual property operations | $263K | $7.8M | −$7.5M | -97% |
| License fees | $263K | $7.8M | −$7.5M | -97% |
| Revenue | $54.4M | $59.4M | −$5.0M | -8% |
| Income tax benefit | $1.2M | $968K | $245K | +25% |
| Net loss | $5.9M | $2.4M | $3.5M | +147% |
| Costs & expenses | $61.6M | $65.9M | −$4.3M | -7% |
| Operating costs | $58.0M | $65.9M | −$7.8M | -12% |
| Interest & other, net | $3.5M | −$3.1M | $6.6M | — |
| Cost of revenue | $40.1M | $46.8M | −$6.8M | -14% |
| Sales & marketing | $2.6M | $3.1M | −$476K | -15% |
| General & admin | $15.4M | $15.9M | −$582K | -4% |
| Operating cash sources | $20.9M | $11.9M | $8.9M | +75% |
| Depreciation & amortization | $6.5M | $10.8M | −$4.3M | -40% |
| Share-based compensation | $151K | $1.9M | −$1.7M | -92% |
| Working capital & other | $14.2M | −$770K | $15.0M | — |
| Net loss absorbed | $5.9M | $2.4M | $3.5M | +147% |
| Operating cash flow | $15.0M | $9.5M | $5.4M | +57% |
| Free cash flow (OCF − capex) | $10.5M | $3.9M | $6.5M | +166% |
| Capital expenditures | $4.5M | $5.6M | −$1.1M | -20% |
Questions
How much did Acacia Research's revenue grow year over year in Q3 2026?
Acacia Research's revenue fell $5.0M (-8%) from $59.4M in Q3 2025 to $54.4M in Q3 2026.
What drove Acacia Research's revenue change in Q3 2026?
Intellectual property operations −$7.5M (-97%); License fees −$7.5M (-97%); Oil sales +$3.4M (+52%).