ACCESS Newswire Inc. 2026 Q2 Earnings Call
Review the key takeaways and the transcript of this earnings call.
- Second quarter 2026 revenues were $5.6 million, up 5% sequentially from $5.3 million in Q1 2026 and essentially unchanged from Q2 2025.
- Core press release revenue increased 2% year over year, offset by lower webcast revenue due to fewer virtual annual meetings and reseller activity.
- Average recurring revenue (RR) per subscription customer increased 15% year over year to $12,718, indicating success in moving customers to higher value tiers.
- Total operating expenses were $4.4 million in Q2 2026, slightly down from $4.5 million in Q2 2025, with general and administrative expenses decreasing 23% year over year and sales and marketing expenses increasing 29%.
- Gross margin was 73% of revenue in Q2 2026, down from 76% in Q2 2025, primarily due to higher press release distribution costs.
- Operating loss for Q2 2026 was $307,000 compared to $249,000 in Q2 2025; net loss from continuing operations was $354,000 or $0.09 per diluted share versus $239,000 or $0.06 per diluted share in Q2 2025.
- Non-GAAP EBITDA was $0.5 million or 8% of revenue in Q2 2026, down from $0.8 million or 15% of revenue in Q2 2025.
- Adjusted free cash flow was $50,000 in Q2 2026, down from $250,000 in Q2 2025.
- Customer subscriptions increased 4% year over year to 1,162, with retention at 94%, up 2% from Q1 2026 and net revenue retention at 124%.
- The company repurchased 40,000 shares for over $300,000 in Q2 2026, totaling 90,000 shares or $700,000 since December 2025, retiring over 2% of common shares outstanding.
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Transcript
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Welcome to ACCESS Newswire's second quarter 2026 earnings conference call. My name is Forest McConnell, and I am a product manager here at ACCESS Newswire on the IR product team. I have been with the company since 2021, initially joining what was then our onboarding team, which has since evolved into our customer experience team. Today, I lead our investor relations products and services across websites, newsrooms, and shareholder engagement, supporting hundreds of our public company customers, as well as emerging companies preparing to enter the public markets. Additionally, my team and I also manage the New York Stock Exchange subsidy Whistleblower product and implementation for some of the world's largest and most recognizable brands.
My time here at ACCESS has been incredibly rewarding, and I couldn't be more excited about what's ahead for our customers, for our company, and for my team as we continue to grow and evolve our products and services. Before we begin, I would like to remind everyone that statements made in this conference call concerning future revenues, results from operations, financial position, markets, economic conditions, product releases, partnerships, and any other statements that may be construed as predictions of future performance or events are forward-looking statements. These statements involve known and unknown risks and uncertainties, as they may cause actual results to differ materially from those expressed or implied by such statements. We will also discuss certain non-GAAP financial measures, which are provided for informational purposes and should be considered in addition to, not as a substitute for, GAAP results.
With that, I will turn the call over to our founder and Chief Executive Officer, Brian Balbirnie, and our Chief Financial Officer, Steve Knerr.
Thank you, Forest, and good morning, everyone. Thank you for joining us to discuss our second quarter 2026 results. Let me start with the headline number. Second quarter revenues was $5.6 million, up 5% sequentially from $5.3 million in the first quarter, and essentially consistent with the second quarter of last year. Core press release revenue increased 2% year over year, which tells us that the underlying engine of this business remains healthy. That was offset, however, by lower revenues from our webcast business, where we saw fewer virtual annual meetings and less reseller activity. I want to spend a moment on where we made up real progress. Average ARR per subscription customer was $12,718 at the end of the quarter, up from $11,039 a year ago, a 15% increase and another quarter of ARR growth.
This is the clearest evidence that our platform strategy, moving customers onto higher value tiers, continues to work. That progress is being driven by the products that we built and have brought to market over the last 90 days. Our Social Monitoring platform and our new Insight & Analytics Report are both live, and early adoption is encouraging. We expect to release several more products before year's end, and our focus is now turning that innovation into subscriber and revenue growth in our subscription business. Steve is going to walk you through the numbers in detail, and then I'd like to touch on a few topics from the first half of this year and what our priorities are for the second half of the year.
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