ACACIA RESEARCH CORP Earnings Per Share Disclosure
| Years Ended December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| (In thousands, except share and per share data) | |||||||||||
| Numerator: | |||||||||||
| Net income (loss) attributable to common stockholders - Basic | 21,682 | (36,057) | |||||||||
| Net income (loss) attributable to common stockholders - Diluted | $ | 21,682 | $ | (36,057) | |||||||
| Denominator: | |||||||||||
| Weighted average shares used in computing net (loss) income per share attributable to common stockholders - Basic | 96,293,764 | 99,213,835 | |||||||||
| Potentially dilutive common shares: | |||||||||||
| Employee stock options, restricted stock units and performance stock units | 864,455 | — | |||||||||
| Weighted average shares used in computing net (loss) income per share attributable to common stockholders - Diluted | 97,158,219 | 99,213,835 | |||||||||
| Basic net income (loss) per common share | $ | 0.23 | $ | (0.36) | |||||||
| Diluted net income (loss) per common share | $ | 0.22 | $ | (0.36) | |||||||
| Anti-dilutive potential common shares excluded from the computation of diluted net (loss) income per share: | |||||||||||
| Equity-based incentive awards | 192 | 3,883,847 | |||||||||
| Total | 192 | 3,883,847 | |||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 12, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
| 2023 | Mar 15, 2024 | |
| 2022 | Mar 17, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.