ACTG

Acacia Research Corporation operates as an intellectual property acquisition and licensing company that partners with patent owners to unlock the value of their innovations. Headquartered in Newport Beach, California, the company acquires patent portfolios across various technology sectors and negotiates licensing agreements with companies that benefit from using those patented technologies. Acacia's business model focuses on identifying undervalued or underutilized patents, acquiring rights to them, and then pursuing licensing opportunities with operating companies that incorporate the protected technologies into their products or services. The company operates through multiple subsidiaries and has historically focused on technology sectors including semiconductor manufacturing, automotive technologies, medical devices, telecommunications, and consumer electronics. Acacia generates revenue primarily through licensing fees, settlement agreements, and patent enforcement actions. In recent years, the company has strategically shifted toward acquiring operating businesses alongside its traditional patent licensing activities. This includes expanding into industries beyond pure intellectual property monetization, acquiring companies with tangible products and services. Acacia maintains a portfolio approach, managing diverse patent assets across multiple technology domains while evaluating acquisition opportunities that complement its existing holdings. The company's revenue fluctuates based on the timing and size of licensing agreements, which can vary significantly quarter to quarter depending on negotiation outcomes and litigation settlements.