Acacia Research shares surge 19.28% after-hours on Q4 earnings beat, record $285.2M revenue, and $339.6M cash reserves.

Acacia Research (ACTG) surged 19.28% in after-hours trading following the release of strong Q4 and full-year 2025 financial results. The company reported record annual revenue of $285.2 million (133% YoY growth), GAAP net income of $3.4 million ($0.04 EPS), and adjusted EBITDA of $17.4 million for the quarter. Key drivers included a full year of revenue from manufacturing and energy operations, cost-saving initiatives, and successful drilling of Benchmark Energy’s first Cherokee well. Management highlighted a $339.6 million cash position ($3.52 per share) and disciplined capital allocation, while the Q4 earnings beat estimates by $0.18 per share and $11.37 million in revenue. These results, combined with positive operational progress and a zero parent-debt balance, fueled investor optimism about Acacia’s strategic execution and long-term growth potential.