Acacia Research Q3 revenue falls on lower IP segment sales

Acacia Research

05/11/2026 12:17

Overview
US diversified acquirer reported Q3 revenue down 8% yr/yr, led by lower IP segment sales
Company posted Q3 GAAP net loss, but adjusted net income was positive
Q3 adjusted EBITDA fell to $3.9 mln from $8.0 mln a year ago

Outlook
Company did not provide specific financial guidance for the current or future periods in its press release

Result Drivers
IP REVENUE DECLINE - Co said lower paid-up license revenue from Intellectual Property Operations drove overall revenue decrease
BENCHMARK ENERGY GROWTH - Benchmark Energy posted $19.5 mln in revenue, its second strongest quarter since acquisition
MANUFACTURING WEAKNESS - Manufacturing Operations revenue fell to $27.2 mln from $30.8 mln in prior-year quarter

Company press release: ID:nBw8QdK5za

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$54.45 mln
 
Q3 Net Loss
 
$5.56 mln
 
Q3 Operating Loss
 
-$3.58 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Acacia Research Corporation is $6.00, about 37.6% above its November 4 closing price of $4.36

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)