---
schema_version: "secwatch.filing_event.v1"
accession: "0000934549-23-000098"
form_type: "8-K"
ticker: "ACTG"
cik: "0000934549"
company_name: "ACACIA RESEARCH CORP"
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:58:58.970702+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Acacia Research Q3 revenue down 36% YoY to $10.1M; net income $1.6M but diluted EPS loss $0.03

## Summary
- Revenue $10.1M vs $15.9M YoY; operating loss widened to $15.4M from $11.4M.
- GAAP net income $1.6M ($0.03 diluted loss per share) vs $28.1M ($0.02 EPS) YoY.
- Acquired majority stake in Benchmark Energy II LLC on Nov 13 for oil and gas growth.
- Agreed to sell Arix Bioscience stake for $57.1M cash; expected close Q1 2024.
- Board approved $20M stock repurchase program (up to 5.8M shares) on Nov 9.

## SEC filing metadata
- accession: 0000934549-23-000098
- form_type: 8-K
- ticker: ACTG
- cik: 0000934549
- company_name: ACACIA RESEARCH CORP
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/934549/000093454923000098/0000934549-23-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/934549/000093454923000098/actg-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000934549-23-000098
- JSON: https://secwatch.observer/filing/0000934549-23-000098.json
- Plain text: https://secwatch.observer/filing/0000934549-23-000098.txt

## Key facts
- Earnings Releases
  ACACIA RESEARCH CORP reported financial results for three and nine months ended September 30, 2023.
  - Period: three and nine months ended September 30, 2023
  - Result: reported results
  source text: On November 13, 2023, Acacia Research Corporation (the "Corporation) issued a press release announcing its financial results for the quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/934549/000093454923000098/0000934549-23-000098-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.