ACTG — what changed in the latest 10-Q
A section-by-section comparison of ACTG's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-06 vs the prior 10-Q · 2026-05-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +47 | −37 | ~25 | 83 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~3 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 4 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-06
Results of Operations - three months ended June 30, 2026 compared with the three months ended June 30, 2025
Total revenues increased $63.3 million to $114.6 million for the three months ended June 30, 2026, as compared to $51.2 million for the three months ended June 30, 2025, due to increases in our Intellectual Property Operations revenue of $60.6 million and in our Energy Operations revenue of $5.2 mil…
Loss before income taxes was $9.8 million for the three months ended June 30, 2026, as compared to loss of $890,000 in the comparable prior period. The increase in loss comprised the change in total revenues described above and other changes in operating expenses and other income or expense for the …
•Total costs and expenses increased $42.4 million, from $63.6 million to $106.0 million in 2026 primarily due to the following:
◦Cost of revenues for Intellectual Property Operations increased $39.7 million, from $6.6 million to $46.2 million in 2026 primarily due to an increase in inventor royalties and contingent legal fees partially offset by a decrease in patent amortization expense.
Text removed vs the prior filing · source: 10-Q · 2026-05-07
Net (loss) income attributable to Acacia Research Corporation(15,741)24,287 (40,028)n/m
Results of Operations - three months ended March 31, 2026 compared with the three months ended March 31, 2025
Total revenues decreased $70.2 million to $54.2 million for the three months ended March 31, 2026, as compared to $124.4 million for the three months ended March 31, 2025, primarily due to a decrease in our Intellectual Property Operations revenues and to a lesser extent, a decrease in Manufacturing…
Loss before income taxes was $20.2 million for the three months ended March 31, 2026, as compared to income of $29.6 million for the three months ended March 31, 2025. The net decrease comprised the change in total revenues described above and other changes in operating expenses and other income or …
•Total costs and expenses decreased $23.5 million, from $86.1 million to $62.6 million in 2026 primarily due to the following:
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice