Acacia Research (ACTG) Returns to Profitability With $0.03 EPS in Q4 2025 on Flat $50.1M Revenue

Swings to profit. Acacia Research Corp (NASDAQ: ACTG) reported Q4 2025 adjusted EPS of $0.03, matching the prior quarter’s $0.03 and marking a sharp reversal from the year-ago loss of $0.18 per share. Revenue came in at $50.1 million, flat sequentially at $50.1 million and up 2.6% from $48.8 million a year earlier. GAAP EPS reached $0.04, while the company posted net income of $3.4 million despite an operating loss of $13.1 million. Adjusted EBITDA totaled $17.4 million, underscoring the gap between operating performance and reported profitability. The stock traded at $4.11 with volume of 156,300 shares.

Volatile trajectory stabilizes. The quarter caps a turbulent fiscal 2025 marked by wild swings in both earnings and revenue. Q1 2025 delivered a standout $0.34 EPS on $124.4 million in revenue, followed by a $0.06 loss in Q2 on $51.2 million, a $0.01 loss in Q3 on $59.4 million, and now a return to profitability in Q4. The year-over-year EPS improvement of 122.5% reflects the company’s shift from consistent losses in 2024 to intermittent profitability in 2025. Revenue has stabilized in the $50-60 million range over the past three quarters after the Q1 spike, suggesting the business has settled into a more predictable run rate. The 2.6% year-over-year revenue gain is modest but marks a departure from the prior year’s volatility.