ACCS · ACCESS Newswire Inc.
ACCESS Newswire Inc. provides solutions for public relations and investor relations in the United States and internationally. The company offers press release distribution and optimizer, media database and pitching, media monitoring, and media room; ACCESS Newswire, a news dissemination and media outreach solution; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events. It also offers professional conference and events software, a mobile app that offers one-on-one meetings, as well as manages schedules and lodging, performs event promotion and sponsorship, and prints attendee badges; and investor relations content network, a series of data feeds, which include news feeds, stock feeds, fundamentals, regulatory filings, corporate governance, and other components. In addition, the company provides whistleblower hotline, a system that delivers secure notifications and basic incident workflow management processes that align with a company's corporate governance policies. It serves public and private companies. The company was formerly known as Issuer Direct Corporation and changed its name to ACCESS Newswire Inc. in January 2025. ACCESS Newswire Inc. was incorporated in 1988 and is headquartered in Raleigh, North Carolina.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $6.92 |
| SO | 3.9M |
| Options | 0.1M |
| Warrants | 0.0M |
| FD SO | 3.9M |
| MC | $27.2M |
| Cash | $3.5M |
| Total debt | $2.3M |
| EV | $26.1M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 1.2x |
| EV / EBITDA | 25.4x |
| MC / Net Income | — |
| EV / FCF | 39.2x |
| MC / FCF | 40.9x |
| Ownership & coverage | |
|---|---|
| Institutional | 44.4% |
| Insiders | 20.1% |
| # Institutions | 22 |
| Analysts | 2 |
| Consensus | — |
| Avg target | $12.50 |
| Short % float | 0.5% |
| Days to cover | 0.61 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-12. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 5.33 | 5.80 | 5.72 | 5.62 |
| Revenue YoY % | (2.7%) | (0.5%) | 1.5% | (26.9%) |
| Cost of Revenue | 1.38 | 1.31 | 1.46 | 1.34 |
| Gross Profit | 3.95 | 4.49 | 4.27 | 4.29 |
| Gross Profit YoY % | (7.5%) | 2.4% | 0.9% | (27.4%) |
| Gross Margin % | 74.2% | 77.4% | 74.6% | 76.2% |
| SG&A | 3.46 | 3.69 | 3.11 | 3.21 |
| R&D | 0.56 | 0.62 | 0.68 | 0.66 |
| Operating Expense | 4.67 | 5.25 | 4.45 | 4.53 |
| Operating Income | (0.72) | (0.76) | (0.18) | (0.25) |
| Operating Income YoY % | (6.1%) | 94.7% | 69.5% | (174.6%) |
| Operating Margin % | (13.5%) | (13.1%) | (3.2%) | (4.4%) |
| EBITDA | (0.00) | 0.00 | 0.54 | 0.49 |
| EBITDA Margin % | (0.0%) | 0.0% | 9.4% | 8.7% |
| Interest Expense | 0.04 | — | 0.21 | 0.01 |
| Pretax Income | (0.73) | (0.84) | 0.02 | (0.48) |
| Tax Provision | (0.12) | (0.27) | 0.07 | (0.01) |
| Net Income | (0.61) | (0.58) | (0.04) | (0.47) |
| Net Margin % | (11.5%) | (9.9%) | (0.8%) | (8.5%) |
| Diluted EPS | -$0.16 | -$0.15 | -$0.01 | -$0.12 |
| Basic EPS | -$0.16 | -$0.15 | -$0.01 | -$0.12 |
| Diluted Avg Shares | 3.9 | — | 0.0 | 3.9 |
| Basic Avg Shares | 3.9 | — | 0.0 | 3.9 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 22.47 | 22.62 | 23.06 | 33.38 | 23.51 |
| Revenue YoY % | (0.7%) | (1.9%) | (30.9%) | 41.9% | — |
| Cost of Revenue | 5.48 | 5.30 | 5.62 | 7.93 | 5.68 |
| Gross Profit | 16.99 | 17.31 | 17.44 | 25.45 | 17.83 |
| Gross Profit YoY % | (1.9%) | (0.7%) | (31.5%) | 42.7% | — |
| Gross Margin % | 75.6% | 76.5% | 75.6% | 76.2% | 75.8% |
| SG&A | 13.47 | 13.56 | 14.08 | 17.19 | 12.88 |
| R&D | 2.52 | 2.69 | 2.82 | 2.55 | 1.31 |
| Operating Expense | 18.90 | 19.18 | 33.76 | 22.63 | 15.16 |
| Operating Income | (1.91) | (1.87) | (16.32) | 2.82 | 2.67 |
| Operating Income YoY % | (2.2%) | 88.5% | (679.5%) | 5.5% | — |
| Operating Margin % | (8.5%) | (8.3%) | (70.8%) | 8.4% | 11.4% |
| EBITDA | 1.03 | 1.12 | (13.22) | 5.77 | 3.70 |
| EBITDA Margin % | 4.6% | 5.0% | (57.4%) | 17.3% | 15.7% |
| Interest Expense | (0.16) | 0.00 | 1.11 | 1.12 | 0.01 |
| Other Income / (Expense) | — | 5.77 | 2.57 | (1.92) | (3.87) |
| Pretax Income | (2.04) | 3.90 | (14.86) | (0.22) | (1.21) |
| Tax Provision | (0.33) | (0.40) | (4.06) | 0.54 | 0.72 |
| Net Income | (1.71) | 4.29 | (10.79) | (0.77) | (1.93) |
| Net Income to Common | (1.71) | 4.29 | (10.79) | 0.77 | 1.93 |
| Net Margin % | (7.6%) | 19.0% | (46.8%) | (2.3%) | (8.2%) |
| Diluted EPS | -$0.44 | $1.11 | -$2.82 | $0.20 | -$0.52 |
| Basic EPS | -$0.44 | $1.11 | -$2.82 | $0.20 | -$0.52 |
| Diluted Avg Shares | 3.9 | 3.9 | 3.8 | 3.8 | 3.7 |
| Basic Avg Shares | 3.9 | 3.9 | 3.8 | 3.8 | 3.7 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 3.49 | 3.02 | 3.26 | 4.11 |
| Receivables | 3.60 | 3.88 | 4.14 | 3.73 |
| Other Current Assets | 1.59 | 1.51 | 1.60 | 1.83 |
| Total Current Assets | 8.67 | 8.42 | 9.00 | 9.67 |
| Net PPE | 0.12 | 0.14 | 0.27 | 0.30 |
| Operating Lease ROU | 0.28 | 0.32 | 0.57 | 0.64 |
| Goodwill | 19.04 | 19.04 | 19.04 | 19.04 |
| Intangible Assets | 8.85 | 9.47 | 10.09 | 10.72 |
| Other Assets | 4.62 | 4.59 | 5.06 | 5.18 |
| Total Assets | 41.59 | 41.99 | 44.05 | 45.55 |
| Accounts Payable | 1.59 | 1.50 | 1.35 | 1.48 |
| Current Debt | 0.87 | 0.87 | 0.87 | 0.87 |
| Current Lease Liabilities | — | — | 0.40 | — |
| Other Current Liabilities | 7.41 | 7.17 | 8.23 | 9.82 |
| Total Current Liabilities | 9.86 | 9.54 | 10.85 | 12.17 |
| Long-term Debt | 1.47 | 1.69 | 1.90 | 2.11 |
| Long-term Lease Liabilities | 0.23 | 0.32 | 0.41 | 0.49 |
| Total Liabilities | 11.65 | 11.65 | 13.26 | 14.87 |
| Retained Earnings | 4.82 | 5.43 | 6.01 | 6.05 |
| Total Equity | 29.93 | 30.34 | 30.79 | 30.69 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 3.49 | 3.02 | 4.10 | 5.71 | 4.83 |
| Receivables | 3.60 | 3.88 | 3.35 | 3.00 | 2.98 |
| Other Current Assets | 1.59 | 1.51 | 2.57 | 2.79 | 1.61 |
| Total Current Assets | 8.67 | 8.42 | 10.03 | 11.50 | 9.42 |
| Net PPE | 0.12 | 0.14 | 0.36 | 0.49 | 0.62 |
| Operating Lease ROU | 0.28 | 0.32 | 0.77 | 1.02 | 1.28 |
| Goodwill | 19.04 | 19.04 | 19.04 | 21.93 | 22.50 |
| Intangible Assets | 8.85 | 9.47 | 11.98 | 29.49 | 32.23 |
| Other Assets | 4.62 | 4.59 | 8.46 | 0.71 | — |
| Total Assets | 41.59 | 41.99 | 50.64 | 65.15 | 66.33 |
| Accounts Payable | 1.59 | 1.50 | 1.42 | 1.31 | 1.37 |
| Current Debt | 0.87 | 0.87 | 4.00 | 4.00 | 22.00 |
| Other Current Liabilities | 7.41 | 7.17 | 7.39 | 7.34 | 7.82 |
| Total Current Liabilities | 9.86 | 9.54 | 12.81 | 12.65 | 31.19 |
| Long-term Debt | 1.47 | 1.69 | 11.93 | 15.91 | 0.00 |
| Long-term Lease Liabilities | 0.23 | 0.32 | 0.67 | 1.01 | 1.34 |
| Other Liabilities | — | — | — | — | 0.57 |
| Total Liabilities | 11.65 | 11.65 | 25.41 | 29.73 | 33.10 |
| Retained Earnings | 4.82 | 5.43 | 1.14 | 11.93 | 11.17 |
| Total Equity | 29.93 | 30.34 | 25.23 | 35.42 | 33.22 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | (0.61) | (0.58) | (0.04) | (0.47) |
| D&A | 0.72 | 0.76 | 0.72 | 0.74 |
| Stock-Based Comp | 0.26 | 0.23 | 0.18 | 0.19 |
| Δ Working Cap & Other | 0.50 | (0.16) | (1.44) | (0.32) |
| Operating Cash Flow | 0.87 | 0.26 | (0.58) | 0.14 |
| CapEx | (0.01) | 0.00 | (0.01) | 0.00 |
| Investing Cash Flow | (0.11) | (0.15) | (0.01) | 0.00 |
| Debt Issuance | — | — | — | 0.00 |
| Debt Repayment | — | (0.22) | (0.22) | (0.22) |
| Financing Cash Flow | (0.25) | (0.38) | (0.22) | (0.22) |
| Effect of FX on Cash | (0.06) | 0.04 | (0.04) | 0.09 |
| Free Cash Flow | 0.86 | 0.26 | (0.59) | 0.14 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | (1.71) | 4.29 | (10.79) | (0.77) | (1.93) |
| D&A | 2.94 | 2.99 | 3.10 | 2.96 | 1.03 |
| Stock-Based Comp | 0.87 | 0.88 | 0.68 | 1.36 | 0.76 |
| Δ Working Cap & Other | (1.42) | (7.61) | 10.17 | (0.49) | 4.16 |
| Operating Cash Flow | 0.68 | 0.56 | 3.16 | 3.06 | 4.02 |
| CapEx | (0.02) | (0.02) | (0.02) | (0.03) | (0.07) |
| Acquisitions | — | — | 0.00 | 0.35 | (17.96) |
| Other Investing | — | 11.83 | (0.60) | — | — |
| Investing Cash Flow | (0.27) | 11.81 | (0.62) | (0.15) | (18.03) |
| Debt Issuance | — | — | 0.00 | 19.99 | 0.00 |
| Debt Repayment | — | (13.39) | (4.00) | — | — |
| Stock Buyback | — | — | — | 0.00 | (5.00) |
| Dividends Paid | — | — | — | — | 0.00 |
| Other Financing | (1.06) | — | — | (22.07) | — |
| Financing Cash Flow | (1.06) | (13.55) | (4.00) | (2.08) | (4.91) |
| Effect of FX on Cash | 0.03 | 0.11 | (0.15) | 0.06 | (0.10) |
| Free Cash Flow | 0.67 | 0.54 | 3.14 | 3.04 | 3.95 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | 0.88 | 0.88 | 0.83 | 0.80 |
| Quick Ratio | — | — | — | — |
| Debt / Equity | 0.39 | 0.38 | 0.43 | 0.48 |
| EBITDA Margin % | (0.0%) | 0.0% | 9.4% | 8.7% |
| Working Capital | (1.19) | (1.12) | (1.85) | (2.49) |
| Net Debt | (2.01) | (1.34) | (1.36) | (2.00) |
| ROE % | (2.0%) | (1.9%) | (0.1%) | (1.5%) |
| ROA % | (1.5%) | (1.4%) | (0.1%) | (1.0%) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | 0.88 | 0.88 | 0.78 | 0.91 | 0.30 |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | 0.39 | 0.38 | 1.01 | 0.84 | 1.00 |
| EBITDA Margin % | 4.6% | 5.0% | (57.4%) | 17.3% | 15.7% |
| Working Capital | (1.19) | (1.12) | (2.79) | (1.15) | (21.77) |
| Net Debt | (2.01) | (1.34) | 7.83 | 10.20 | (4.83) |
| ROE % | (5.7%) | 14.1% | (42.8%) | (2.2%) | (5.8%) |
| ROA % | (4.1%) | 10.2% | (21.3%) | (1.2%) | (2.9%) |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-05-29 | BALBIRNIE BRIAN R | Director, Officer (Director, CEO), 10% Owner | 2026-05-27 | P | 10,000 | $6.46 | $64,634 |
| 2026-05-27 | Rein Graeme P. | Director | 2026-05-26 | P | 7,267 | $6.31 | $45,830 |
| 2026-05-19 | Rein Graeme P. | Director | 2026-05-18 | P | 7,877 | $6.75 | $53,145 |
| 2026-05-19 | Rein Graeme P. | Director | 2026-05-15 | P | 6,956 | $6.87 | $47,772 |
| 2026-05-18 | Pollard Wesley T | Director | 2026-05-15 | P | 1,000 | $7.00 | $7,000 |
| 2026-03-30 | Pollard Wesley T | Director | 2026-03-25 | P | 1,500 | $7.29 | $10,935 |
| 2026-03-26 | BALBIRNIE BRIAN R | Director, Officer (Director, CEO), 10% Owner | 2026-03-25 | P | 3,396 | $7.54 | $25,606 |
| 2025-10-02 | Knerr Steven Winfield | Officer (Chief Financial Officer) | 2025-10-01 | A | 5,000 | — | $0 |
| 2025-10-02 | BALBIRNIE BRIAN R | Director, Officer (Chairman, Chief Executive Off.), 10% Owner | 2025-10-01 | A | 5,000 | — | $0 |
| 2025-06-17 | Rein Graeme P. | Director | 2025-06-13 | A | 2,554 | — | $0 |
| 2025-06-17 | Pollard Wesley T | Director | 2025-06-13 | A | 2,554 | — | $0 |
| 2025-06-17 | Staples Joseph | Director | 2025-06-13 | A | 2,554 | — | $0 |
| 2025-05-19 | Pollard Wesley T | Director | 2025-05-16-05:00 | P | 2,000 | $9.21 | $18,420 |
| 2024-08-29 | Topline Capital Management, LLC | Other (See Explanation in Footnotes) | 2024-08-28 | P | 4,114 | $9.76 | $40,153 |
| 2024-08-29 | Topline Capital Partners, LP | 10% Owner | 2024-08-28 | P | 4,114 | $9.76 | $40,153 |
| 2024-08-29 | Topline Capital Management, LLC | Other (See Explanation in Footnotes) | 2024-08-27 | P | 19,826 | $9.65 | $191,321 |
| 2024-08-29 | Topline Capital Partners, LP | 10% Owner | 2024-08-27 | P | 19,826 | $9.65 | $191,321 |
| 2024-07-03 | Rein Graeme P. | Director | 2024-07-01 | A | 3,722 | — | $0 |
| 2024-06-28 | Topline Capital Management, LLC | Other (See Explanation in Footnotes) | 2024-06-27 | P | 22,469 | $7.83 | $175,932 |
| 2024-06-28 | Topline Capital Partners, LP | 10% Owner | 2024-06-27 | P | 22,469 | $7.83 | $175,932 |
| 2024-06-28 | Topline Capital Management, LLC | Other (See Explanation in Footnotes) | 2024-06-26 | P | 4,744 | $7.80 | $37,003 |
| 2024-06-28 | Topline Capital Partners, LP | 10% Owner | 2024-06-26 | P | 4,744 | $7.80 | $37,003 |