Acacia Research appoints Michael Zambito as CFO
New CFO Appointment: Acacia Research has appointed Michael Zambito as CFO, effective June 24, 2025, while Kirsten Hoover will continue as Controller and a key finance team member.
Background of New CFO: Michael Zambito brings 30 years of experience from Ernst & Young, a leading global professional services firm.
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Management Presentation: Acacia Research Corporation's management team, including CEO MJ McNulty and CFO Michael Zambito, will present at the Southwest IDEAS Investor Conference in Dallas on November 20, 2025, at 3:40 pm ET, and will also host investor meetings throughout the day.
Webcast Access: A live webcast of Acacia's presentation will be available on the conference host's website and Acacia's investor relations page.
Conference Overview: The IDEAS Investor Conferences are annual events that allow quality companies to showcase their investment potential to a significant audience of investment professionals, with sponsors managing over $200 billion in assets.
Company Focus: Acacia Research Corporation is dedicated to acquiring and operating businesses in the industrial, energy, and technology sectors, leveraging its expertise and capital to drive value, guided by principles of people, process, and performance.
Acacia Research Corp Options Activity: Acacia Research Corp (ACTG) has seen a trading volume of 889 options contracts today, equating to about 88,900 underlying shares, which is 40.7% of its average daily trading volume over the past month.
High Volume Call Option for ACTG: The $2.50 strike call option expiring on May 15, 2026, has particularly high activity with 877 contracts traded, representing approximately 87,700 underlying shares.
Intuitive Machines Inc Options Activity: Intuitive Machines Inc (LUNR) reported a significant options trading volume of 26,685 contracts, or about 2.7 million underlying shares, also making up 40.7% of its average daily trading volume.
High Volume Call Option for LUNR: The $9.50 strike call option expiring on November 14, 2025, has seen notable trading with 8,155 contracts, representing around 815,500 underlying shares.
Airline Stock Performance: Airline shares have shown relative strength, increasing by approximately 2.1% overall, with Allegiant Travel leading the gains at about 19% and United Airlines Holdings up by 5.4% on Wednesday.
Market Sector Leaders: The video highlights the top-performing sectors on Wednesday, including rental, leasing, royalty, and airlines.
Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
Date of Report: The information pertains to market activity on Wednesday.
Financial Performance Overview: Acacia Research reported a 98% year-over-year increase in GAAP revenue to $51.2 million for Q2 2025, primarily due to the acquisition of Deflecto, although it fell short of the $55 million estimate. Non-GAAP earnings per share were $(0.06), missing expectations, and adjusted EBITDA declined significantly from the previous year.
Segment Analysis and Future Outlook: The Intellectual Property segment saw a drastic drop in revenue to $0.3 million, indicating volatility, while manufacturing operations became the largest revenue contributor despite slim margins. The company is focusing on integrating acquisitions and maintaining cash flow, but faces challenges in sustaining revenue and profitability moving forward.

Management Overview: Acacia Research Corporation reported a total revenue of $51.2 million for Q2 2025, with a focus on operational improvements and a new partnership for Bitcoin-backed lending solutions, while facing macroeconomic challenges and tariff impacts.
Financial Performance: The company experienced a GAAP operating loss of $12.4 million, attributed to declines in the IP business, but maintained a strong balance sheet with $338.2 million in cash and equivalents, emphasizing disciplined capital allocation and risk management strategies moving forward.
New CFO Appointment: Acacia Research Corp. has appointed Michael Zambito as Chief Financial Officer, effective June 24, while interim CFO Kirsten Hoover will continue as Controller and remain part of the finance team.
Stock Performance: The company's stock closed at $3.61 on the Nasdaq, reflecting a 0.84% increase on the previous trading day.







