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Acacia Research vs Royalty Management: revenue, profit, margins and growth compared

Acacia Research brought in $285.2M of revenue in fiscal 2025, Royalty Management $4.9M in fiscal 2025. Revenue changed by +133.2% at Acacia Research and +513.3% at Royalty Management on the year before, so Royalty Management grew faster. Acacia Research kept 7.6% of its revenue as net profit, Royalty Management -14.7%.

Side by side, latest fiscal year

ACTGRMCO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$285.2M$4.9M
Revenue growth+133.2%+513.3%
Net income$21.7M-$726.9K
Net margin7.6%-14.7%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)$0.22-$0.05
Cash$306.7M$133.1K
Debt$91.9Mn/a
Price to earnings19.4n/a
Market value$416.7M$39.6M
Dividend yieldn/an/a
Rank by revenue in sector#18 of 34 · Other#32 of 34 · Other

Over the years

Revenue
ACTG FY2018: $131.5MACTG FY2019: $11.2MACTG FY2020: $29.8MACTG FY2021: $88MACTG FY2022: $59.2MACTG FY2023: $125.1MACTG FY2024: $122.3MACTG FY2025: $285.2MRMCO FY2022: $178.8KRMCO FY2023: $488.5KRMCO FY2024: $807.1KRMCO FY2025: $4.9MFY18FY19FY20FY21FY22FY23FY24FY25
ACTG $285.2MRMCO $4.9M
Net income
ACTG FY2018: -$105MACTG FY2019: -$17.1MACTG FY2020: $109.2MACTG FY2021: $149.2MACTG FY2022: -$125.1MACTG FY2023: $67.1MACTG FY2024: -$36.1MACTG FY2025: $21.7MRMCO FY2021: $2.3MRMCO FY2022: -$2.7MRMCO FY2023: -$1.1MRMCO FY2024: -$114.3KRMCO FY2025: -$726.9KFY18FY19FY20FY21FY22FY23FY24FY25
ACTG $21.7MRMCO -$726.9K
Net margin
ACTG FY2018: -79.9%ACTG FY2019: -152.2%ACTG FY2020: 366.8%ACTG FY2021: 169.5%ACTG FY2022: -211.2%ACTG FY2023: 53.6%ACTG FY2024: -29.5%ACTG FY2025: 7.6%RMCO FY2022: -1,515.8%RMCO FY2023: -228.0%RMCO FY2024: -14.2%RMCO FY2025: -14.7%FY18FY19FY20FY21FY22FY23FY24FY25
ACTG 7.6%RMCO -14.7%
Revenue growth
ACTG FY2019: -91.4%ACTG FY2020: +164.8%ACTG FY2021: +195.6%ACTG FY2022: -32.7%ACTG FY2023: +111.2%ACTG FY2024: -2.2%ACTG FY2025: +133.2%RMCO FY2023: +173.2%RMCO FY2024: +65.2%RMCO FY2025: +513.3%FY19FY20FY21FY22FY23FY24FY25
ACTG +133.2%RMCO +513.3%
Free cash flow
ACTG FY2018: $20.8MACTG FY2019: -$2.5MACTG FY2020: -$19.8MACTG FY2021: $13.2MACTG FY2022: -$38.1MACTG FY2023: -$22.7MACTG FY2024: -$98.5MFY18FY19FY20FY21FY22FY23FY24
ACTG -$98.5MRMCO

Fiscal years as each company reports them; the two may end in different months.

Questions about Acacia Research and Royalty Management

Which is bigger by revenue, Acacia Research or Royalty Management?

Acacia Research is bigger by revenue: $285.2M in fiscal 2025, against $4.9M for Royalty Management in fiscal 2025.

Which keeps more of its revenue as profit, Acacia Research or Royalty Management?

Acacia Research had a net margin of 7.6% in fiscal 2025; Royalty Management had -14.7% in fiscal 2025.

Which grew revenue faster, Acacia Research or Royalty Management?

In their latest fiscal years revenue changed by +133.2% at Acacia Research and +513.3% at Royalty Management.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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