Acacia Research shares surge 10.98% intraday after Q3 revenue jumps 155% to $59.4M and adjusted EBITDA reaches $8M.

Acacia Research Corporation (ACTG) surged 10.98% intraday following the release of its Q3 2025 earnings report, which highlighted a 155% year-over-year revenue increase to $59.4 million and improved Adjusted EBITDA of $8.0 million. The company exceeded adjusted EPS estimates by 80% and revenue forecasts by $4.4 million, driven by strategic pricing initiatives, cost reductions, and strong performance across energy, manufacturing, and intellectual property segments. CEO MJ McNulty emphasized disciplined execution amid macroeconomic headwinds, while the stock rose 3.96% in premarket trading. The intraday rally reflects investor optimism over Acacia’s operational turnaround and capital allocation strategy, with cash reserves of $332.4 million further reinforcing confidence in future growth opportunities.