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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues:    
Total revenues $ 125,102 $ 59,223
Costs and expenses:    
Cost of revenues - intellectual property operations 52,829 37,388
Engineering and development expenses - industrial operations 735 626
Sales and marketing expenses - industrial operations 6,908 8,621
General and administrative expenses 43,694 52,680
Total costs and expenses 104,166 99,315
Operating income (loss) 20,936 (40,092)
Equity securities investments:    
Change in fair value of equity securities 31,423 (263,695)
(Loss) gain on sale of equity securities (10,930) 125,318
Earnings on equity investment in joint venture 4,167 42,531
Net realized and unrealized gain (loss) 24,660 (95,846)
Change in fair value of the Series A and B warrants and embedded derivatives 8,241 13,102
Gain (loss) on foreign currency exchange 53 (3,324)
Interest expense on Senior Secured Notes (1,930) (6,432)
Interest income and other, net 15,466 5,442
Total other income (expense) 46,490 (87,058)
Income (loss) before income taxes 67,426 (127,150)
Income tax benefit 1,504 16,211
Net income (loss) including noncontrolling interests in subsidiaries 68,930 (110,939)
Net income attributable to noncontrolling interests in subsidiaries (1,870) (14,126)
Net income (loss) attributable to Acacia Research Corporation 67,060 (125,065)
Income (loss) per share:    
Net income (loss) attributable to common stockholders - Basic $ 55,140 $ (133,035)
Weighted average number of shares outstanding - Basic 75,296,025 42,460,504
Basic net income (loss) per common share (in usd per share) $ 0.73 $ (3.13)
Net income (loss) attributable to common stockholders - Diluted $ 53,208 $ (133,035)
Weighted average number of shares outstanding - Diluted 92,411,818 42,460,504
Diluted net income (loss) per common share (in usd per share) $ 0.58 $ (3.13)
Intellectual property operations    
Revenues:    
Total revenues $ 89,156 $ 19,508
Costs and expenses:    
Cost of revenues - intellectual property operations 34,164 18,029
Industrial operations    
Revenues:    
Total revenues 35,098 39,715
Costs and expenses:    
Cost of revenues - intellectual property operations 18,009 19,359
Energy operations    
Revenues:    
Total revenues 848 0
Costs and expenses:    
Cost of revenues - intellectual property operations $ 656 $ 0