What is Acacia Research's net debt?

Acacia Research (ACTG) reported net debt of -$203.74M in Q1 2026.

How has Acacia Research's net debt changed year-over-year?

Acacia Research's net debt increased by 21.8% year-over-year, from -$260.47M to -$203.74M.

What is the long-term trend for Acacia Research's net debt?

Over 5 years (2020 to 2025), Acacia Research's net debt has grown at a 0.3% compound annual growth rate (CAGR), from -$199.01M to -$201.55M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Acacia Research ACTG Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$54.2M-56.4%

Gross profit$12.1M-79.5%

Operating income-$8.4M-122%

Net income-$15.7M-165%

EPS (diluted)-$0.16-164%

Balance sheet

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Cash & equivalents$307.5M+13.1%

Total debt$103.8M+803%

Total equity$528.5M-2.2%

Total assets$755.9M-5.7%

Cash flow

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Operating cash flow$3.4M+40.3%

CapEx$2.1M+674%

Free cash flow$335.0K-99.4%

Valuation

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Market cap$453.97M+31.9%

Enterprise value$250.23M+199%

P/S2.1×+0.6×

Profitability

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Gross margin17.5%-17.0pp

Operating margin1.3%-22.1pp

Net margin-8.5%+15.0pp

FCF margin-68.7%-94.8pp

Returns & leverage

See full

Return on equity-3.4%+6.2pp

Debt / equity0.2×+0.2×

Current ratio8.6×+2.4×

Where this comes from

Calculated from Acacia Research’s reported figures.

$103.8Mtotal debt−$307.5Mcash and equivalents=-$203.74M

The official record: Acacia Research’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Acacia Research's net debt?: Acacia Research (ACTG) reported net debt of -$203.74M in Q1 2026.
How has Acacia Research's net debt changed year-over-year?: Acacia Research's net debt increased by 21.8% year-over-year, from -$260.47M to -$203.74M.
What is the long-term trend for Acacia Research's net debt?: Over 5 years (2020 to 2025), Acacia Research's net debt has grown at a 0.3% compound annual growth rate (CAGR), from -$199.01M to -$201.55M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.