Free cash flow remains highly erratic, swinging from a 55.4% margin in 2024Q4 to a negative 10.3% in 2025Q3, reflecting the instability of the company's current transactional revenue model.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 |
|---|
| Cash from Operations | 682K | 558K | 3.16M | 3.06M | 4.02M | 4.73M | 4.39M | 2.86M | 2.87M | 2.51M | 2.76M | 3.18M | 1.46M | 1.39M | 754.17K | 478.16K | 446.3K | 186.6K | 11.45K | -166.9K | -111.56K |
| Operating CF Margin % | - | 2.47% | 13.71% | 12.48% | 17.09% | 21.62% | 23.67% | 17.58% | 20.16% | 19.89% | 22.9% | 27.34% | 10.73% | 15.72% | 17.52% | 14.81% | 11.56% | 9.9% | 0.8% | -26.07% | -228.27% |
| Operating CF Growth % | -21.41% | -82.34% | 3.27% | -23.86% | -15.05% | 7.87% | 53.14% | -0.17% | 14.21% | -9.02% | -13.08% | 117.24% | 5.23% | 84.26% | 57.72% | 7.14% | 139.17% | 1529.42% | 106.86% | -49.6% | - |
| Net Income | -1.71M | 4.29M | -10.79M | -3.44M | 1.93M | 3.29M | 2.11M | 686K | 837K | 1.87M | 1.55M | 144.58K | 42.13K | 628.58K | 305.73K | 239.28K | 429.41K | 274.17K | -963.04K | -249.17K | -262.53K |
| Depreciation & Amortization | 2.96M | 2.99M | 2.93M | 2.79M | 1.03M | 1.14M | 1.35M | 1.67M | 1.4M | 735K | 1.08M | 1.1M | 1.16M | 494.18K | 138.35K | 54.7K | 39.17K | 38.25K | 35.19K | 26.58K | 1K |
| Stock-Based Compensation | 525K | 909K | 728K | 0 | 763K | 333K | 273K | 523K | 629K | 516K | 592K | 549.18K | 410.47K | 282.71K | 415.88K | 101.14K | 116.25K | 10K | 668.15K | 60.5K | 0 |
| Deferred Taxes | 1.1M | 188K | -3.93M | -433K | -278K | -106K | 312K | -528K | -336K | -50K | -210K | -631.94K | -999.6K | -276.85K | -9K | 21.8K | -220.8K | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 5.34M | -7.29M | 15.44M | 5.74M | 406K | 257K | 243K | 778K | 384K | 187K | 195K | 1.25M | 1.82M | 650.04K | 54.33K | 121.95K | 117.34K | 61.34K | 167.59K | 15.75K | 5K |
| Working Capital Changes | -1.4M | -531K | -1.21M | -1.59M | 161K | -187K | 104K | -262K | -42K | -747K | -448K | 763.45K | -965.52K | -389.02K | -151.11K | -60.72K | -35.06K | -197.16K | 103.57K | -20.56K | 144.97K |
| Change in Receivables | -526K | -1.08M | -1.46M | -1.15M | -9K | -1.04M | -761K | -1.21M | -645K | -66K | -259K | 586.52K | -343.68K | -212.59K | -248.82K | -307.8K | -74.71K | -47.73K | -95.22K | -43.5K | -5.19K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 10K | 154K | 245K | -60K | 35K | 393K | 37K | -117K | -322K | 309K | -39K | 132.17K | -8.93K | -89.33K | -40.68K | 38K | -13.86K | -91.84K | 88.86K | 37.87K | 0 |
| Cash from Investing | -265K | 11.81M | -616K | -153K | -18.03M | -277K | -27K | -3.23M | -1.2M | -2.82M | -1.19M | -663.2K | -1.77M | -3.22M | -299.85K | -83.94K | -48.13K | -16.01K | -10.34K | -31.92K | -4.01K |
| Capital Expenditures | -265K | -20K | -19K | -503K | -66K | -62K | -27K | -420K | -51K | -11K | -112K | -109.51K | -71.37K | -43.86K | -18.85K | -43.94K | -48.13K | -16.01K | -10.34K | -7.56K | -4.01K |
| CapEx % of Revenue | 1.18% | 0.09% | 0.08% | 2.05% | 0.28% | 0.28% | 0.15% | 2.58% | 0.36% | 0.09% | 0.93% | 0.94% | 0.52% | 0.5% | 0.44% | 1.36% | 1.25% | 0.85% | 0.73% | 1.18% | 8.21% |
| Acquisitions | 24M | 12M | 0 | 350K | -17.96M | 0 | 0 | -2.79M | -1.12M | -1.87M | 0 | 0 | -1.7M | -3.18M | 0 | 0 | 0 | 0 | 0 | -24.36K | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -24M | -172K | -597K | 0 | 0 | -215K | 0 | -20K | -21K | -934K | -1.08M | -553.68K | 0 | 0 | -281K | -40K | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -1.06M | -13.55M | -4M | -2.08M | -4.91M | -146K | -574K | -1.09M | 10.69M | -199K | -418K | -16.77K | 340.95K | 2.36M | -66.06K | -36.55K | -39.5K | -74.91K | 9.94K | 229.74K | 123.98K |
| Debt Issued (Net) | -869K | -13.39M | -4M | -2.1M | 0 | 0 | -240K | -320K | -288K | 0 | 0 | 0 | 0 | 2.35M | 150K | 0 | 0 | -64.83K | -40.06K | 48.02K | 110K |
| Equity Issued (Net) | -192K | -163K | 0 | 19K | -5M | -453K | -785K | -773K | 10.69M | 0 | 0 | 0 | 0 | 0 | 0 | -36.55K | -39.5K | -10.08K | 50K | 260K | 12K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -460K | -588K | -453K | -83.1K | 0 | -117.29K | -270.59K | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -192K | -163K | 0 | 0 | -5M | -453K | -785K | -773K | -2.63M | 0 | 0 | 0 | 0 | 0 | 0 | -36.55K | -39.5K | -10.08K | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 91K | 307K | 451K | 0 | 747K | 389K | 35K | 66.33K | 340.95K | 124.66K | 54.52K | 0 | 0 | 0 | 0 | -78.28K | 1.98K |
| Net Change in Cash | -613K | -1.08M | -1.61M | 882K | -19.02M | 4.3M | 3.79M | -1.46M | 12.3M | -422K | 1.12M | 2.49M | 7.86K | 462.84K | 388.26K | 357.67K | 358.67K | 95.68K | 11.05K | 30.92K | 8.4K |
| Free Cash Flow | 516K | 538K | 2.54M | 3.04M | 3.95M | 4.45M | 4.36M | 2.42M | 2.8M | 1.57M | 1.57M | 2.51M | 1.39M | 1.35M | 454.32K | 394.22K | 398.17K | 170.59K | 1.11K | -174.46K | -115.58K |
| FCF Margin % | 2.3% | 2.38% | 11.03% | 12.38% | 16.81% | 20.35% | 23.53% | 14.88% | 19.65% | 12.41% | 13.04% | 21.63% | 10.2% | 15.22% | 10.55% | 12.21% | 10.31% | 9.05% | 0.08% | -27.25% | -236.47% |
| FCF Growth % | -79.61% | -78.85% | -16.18% | -23.22% | -11.25% | 2.18% | 79.83% | -13.34% | 78.49% | -0.32% | -37.45% | 80.7% | 3.35% | 196.22% | 15.25% | -0.99% | 133.41% | 15254.37% | 100.64% | -50.95% | - |
| FCF per Share | 0.13 | 0.14 | 0.66 | 0.80 | 1.06 | 1.17 | 1.15 | 0.63 | 0.81 | 0.52 | 0.54 | 0.98 | 0.65 | 0.66 | 0.22 | 0.22 | 0.23 | 0.10 | 0.00 | -0.12 | -4.74 |
| FCF Conversion (FCF/Net Income) | -0.30x | 0.13x | -0.29x | 3.99x | 2.08x | 1.44x | 2.08x | 4.17x | 3.43x | 1.34x | 1.78x | 21.97x | 34.71x | 2.21x | 2.47x | 2.00x | 1.04x | 0.68x | -0.01x | 0.67x | 0.42x |
| Interest Paid | 94K | 0 | 1.39M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 85.87K | 167.74K | 77.02K | 12.03K | 28 | 518 | 1.19K | 3.99K | 3.75K | 0 |
| Taxes Paid | 689K | 0 | 342K | 0 | 954K | 1.05M | 458K | 340K | 66K | 943K | 716K | 282.95K | 862.81K | 699.49K | 22.59K | 0 | 0 | 0 | 0 | 0 | 0 |
Persistent operating cash volatility
As reported in quarterly filings, the relationship between net income and operating cash flow remains highly erratic, with the OCF/NI ratio reaching extreme levels such as -27.14 in 2024Q2, indicating that accounting earnings provide little insight into the company's actual ability to generate cash from operations.
The persistent divergence between net income and operating cash flow suggests that non-cash charges and significant working capital swings are masking the underlying cash-generating capacity of the business. Investors should monitor this disconnect, as it implies that the company's reported profitability is frequently decoupled from the actual liquidity generated by its core news dissemination and compliance services.
Based on historical cash flow statements, ACCS exhibits a highly volatile free cash flow trajectory, with margins swinging from a peak of 55.4% in 2024Q4 to a negative 10.3% in 2025Q3, reflecting the inherent instability of its transactional revenue model and high fixed-cost structure.
The inability to maintain positive free cash flow consistently suggests that the company's strategic pivot and rebranding efforts are consuming significant resources without delivering a stable cash yield. This volatility warrants further investigation into whether the current cost base is structurally aligned with the cyclical nature of small-cap news dissemination demand.
According to recent financial data, working capital changes have been a primary driver of cash flow fluctuations, with a notable $1.6M outflow in 2025Q3 followed by significant swings, suggesting that the company's collection and payment cycles are not yet optimized for consistent cash conversion.
The erratic nature of working capital movements implies that the company may be struggling to manage its receivables and payables effectively amidst its rebranding transition. Such instability in cash flow timing may indicate operational friction in the billing process for its compliance and IR website modules.
As evidenced by the $24M net acquisition outflow in 2025Q4 and ongoing share repurchases, ACCS is actively deploying capital to fuel its strategic shift, despite the company's core operations failing to generate consistent, self-sustaining cash flow from its primary business activities.
The decision to prioritize acquisitions and share buybacks while operating margins remain negative suggests a management team focused on inorganic growth and signaling confidence. However, investors should monitor whether these capital deployments provide a sufficient return on investment given the company's current inability to scale its core platform profitably.
Quick answers to the most common questions about buying ACCS stock.
ACCESS Newswire Inc. (ACCS) generated $0.6M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
ACCESS Newswire Inc. (ACCS) generated $0.5M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
ACCESS Newswire Inc. (ACCS) spent $0.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, ACCESS Newswire Inc. (ACCS) spent $0.2M on share repurchases. This shows the company's commitment to returning capital to its equity investors.