NASDAQ : RSSS
Research Solutions, Inc. — Financial statements
Technology · Software - Application · United States
Last price 1.85 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 60.37M
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Financial statements
Research Solutions, Inc. (RSSS) reported revenue of 48.31M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 48.31M | 48.31M | 49.06M | 44.62M | 37.70M | 32.93M |
| Cost of Revenue | 23.24M | 23.24M | 24.86M | 24.98M | 23.00M | 20.91M |
| Gross Profit | 25.07M | 25.07M | 24.20M | 19.64M | 14.70M | 12.02M |
| Selling, General & Admin | 20.23M | 20.23M | 20.45M | 19.57M | 14.41M | 13.63M |
| Operating Expenses | 21.48M | 21.48M | 21.69M | 20.41M | 14.46M | 13.65M |
| Operating Income | 3.59M | 3.59M | 2.50M | -769.54K | 238.61K | -1.63M |
| Interest Expense | -1.04M | -1.04M | ||||
| Other Non Operating Income (Expenses) | 407.03K | 407.03K | 595.68K | -2.90M | 338.62K | 7.15K |
| EBT Excluding Unusual Items | 2.96M | 2.96M | 3.10M | -3.67M | 577.23K | -1.62M |
| Other Unusual Items | -1.75M | |||||
| Pretax Income | 2.96M | 2.96M | 1.35M | -3.67M | 577.23K | -1.62M |
| Income Tax Expense | 133.04K | 133.04K | 82.81K | 113.07K | 5.60K | 7.62K |
| Earnings From Continuing Operations | 2.82M | 2.82M | 1.27M | -3.79M | 571.62K | -1.63M |
| Net Income | 2.82M | 2.82M | 1.27M | -3.79M | 571.62K | -1.63M |
| Net Income to Common | 2.82M | 2.82M | 1.27M | -3.79M | 571.62K | -1.63M |
| Shares Outstanding (Basic) | 31.79M | 31.79M | 30.68M | 28.86M | 26.86M | 26.42M |
| Shares Outstanding (Diluted) | 32.27M | 32.27M | 31.50M | 28.86M | 29.14M | 26.42M |
| EPS (Basic) | 0.09 | 0.09 | 0.04 | -0.13 | 0.02 | -0.06 |
| EPS (Diluted) | 0.09 | 0.09 | 0.04 | -0.13 | 0.02 | -0.06 |
| Free Cash Flow | 5.23M | 5.23M | 7.00M | 3.48M | 3.04M | -461.49K |
| Free Cash Flow Per Share | 0.16 | 0.16 | 0.22 | 0.12 | 0.10 | -0.02 |
| Gross Margin | 51.90% | 51.90% | 49.32% | 44.01% | 38.99% | 36.50% |
| Operating Margin | 7.43% | 7.43% | 5.10% | -1.73% | 0.63% | -4.96% |
| Profit Margin | 5.84% | 5.84% | 2.58% | -8.49% | 1.52% | -4.96% |
| Free Cash Flow Margin | 10.84% | 10.84% | 14.28% | 7.80% | 8.06% | -1.40% |
| EBITDA | 4.84M | 4.84M | 3.75M | 66.73K | 291.26K | -1.61M |
| EBITDA Margin | 10.03% | 10.03% | 7.64% | 0.15% | 0.77% | -4.90% |
| D&A For EBITDA | 1.25M | 1.25M | 1.25M | 836.27K | 52.65K | 17.65K |
| EBIT | 3.59M | 3.59M | 2.50M | -769.54K | 238.61K | -1.63M |
| EBIT Margin | 7.43% | 7.43% | 5.10% | -1.72% | 0.63% | -4.96% |
| Effective Tax Rate | 4.50% | 4.50% | 6.14% | 0.97% | ||
| Revenue as Reported | 48.31M | 48.31M | 49.06M | 44.62M | 37.70M | 32.93M |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 12.63M | 12.63M | 12.23M | 6.10M | 13.55M | 10.60M |
| Cash & Short-Term Investments | 12.63M | 12.63M | 12.23M | 6.10M | 13.55M | 10.60M |
| Receivables | 6.96M | 6.96M | 7.19M | 6.88M | 6.15M | 5.25M |
| Prepaid Expenses | 1.10M | 1.10M | 581.18K | 1.71M | 1.60M | 1.12M |
| Total Current Assets | 20.69M | 20.69M | 20.00M | 14.69M | 21.30M | 16.98M |
| Property, Plant & Equipment | 58.67K | 58.67K | 60.77K | 88.01K | 70.19K | 47.98K |
| Goodwill | 16.37M | 16.37M | 16.37M | 16.32M | ||
| Other Intangible Assets | 8.54M | 8.54M | 9.69M | 10.76M | 462.07K | |
| Other Long-Term Assets | 1.03K | 1.03K | 957.00 | 981.00 | 1.05K | 893.00 |
| Total Assets | 45.66M | 45.66M | 46.12M | 41.86M | 21.83M | 17.03M |
| Accounts Payable | 6.15M | 6.15M | 7.44M | 8.84M | 8.08M | 6.60M |
| Current Unearned Revenue | 11.47M | 11.47M | 10.70M | 9.02M | 6.42M | 5.54M |
| Other Current Liabilities | 7.32M | 7.32M | 7.36M | |||
| Total Current Liabilities | 24.94M | 24.94M | 25.51M | 17.87M | 14.50M | 12.14M |
| Long-Term Unearned Revenue | 17.25K | 17.25K | ||||
| Other Long-Term Liabilities | 6.68M | 12.30M | ||||
| Total Liabilities | 24.96M | 24.96M | 32.19M | 30.17M | 14.50M | 12.14M |
| Common Stock | 33.51K | 33.51K | 32.48K | 32.30K | 29.49K | 27.08K |
| Additional Paid-In Capital | 43.00M | 43.00M | 39.06M | 38.09M | 29.94M | 28.07M |
| Retained Earnings | -22.22M | -22.22M | -25.04M | -26.31M | -22.52M | -23.09M |
| Comprehensive Income & Other | -103.40K | -103.40K | -120.19K | -118.82K | -118.22K | -121.94K |
| Shareholders' Equity | 20.71M | 20.71M | 13.93M | 11.69M | 7.33M | 4.88M |
| Total Liabilities & Equity | 45.66M | 45.66M | 46.12M | 41.86M | 21.83M | 17.03M |
| Net Cash (Debt) | 12.63M | 12.63M | 12.23M | 6.10M | 13.55M | 10.60M |
| Net Cash Per Share | 0.39 | 0.39 | 0.39 | 0.21 | 0.46 | 0.40 |
| Filing Date Shares Outstanding | 32.63M | 32.63M | 31.43M | 30.60M | 27.12M | 26.93M |
| Total Common Shares Outstanding | 32.42M | 32.42M | 31.08M | 30.34M | 27.01M | 26.68M |
| Working Capital | -4.25M | -4.25M | -5.51M | -3.18M | 6.80M | 4.83M |
| Book Value Per Share | 0.64 | 0.64 | 0.45 | 0.39 | 0.27 | 0.18 |
| Tangible Book Value | -4.20M | -4.20M | -12.13M | -15.39M | 6.87M | 4.88M |
| Tangible Book Value Per Share | -0.13 | -0.13 | -0.39 | -0.51 | 0.25 | 0.18 |
| Machinery | 796.83K | 796.83K | 743.57K | 728.49K | 670.02K | 606.90K |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 2.82M | 2.82M | 1.27M | -3.79M | 571.62K | -1.63M |
| Depreciation & Amortization | 1.25M | 1.25M | 1.25M | 836.27K | 52.65K | 17.65K |
| Stock-Based Compensation | 928.52K | 928.52K | 1.72M | 2.13M | 1.92M | 1.03M |
| Other Operating Activities | 1.04M | 1.04M | 1.75M | 3.26M | ||
| Change in Accounts Receivable | 228.19K | 228.19K | -341.43K | -344.02K | -901.52K | -534.09K |
| Change in Accounts Payable | -1.26M | -1.26M | -1.43M | 560.03K | 1.34M | -83.16K |
| Change in Unearned Revenue | 782.96K | 782.96K | 1.68M | 921.88K | 886.20K | 734.17K |
| Change in Other Net Operating Assets | -519.66K | -519.66K | 1.13M | -29.14K | -480.34K | 52.49K |
| Operating Cash Flow | 5.27M | 5.27M | 7.02M | 3.55M | 3.38M | -417.20K |
| Capital Expenditures | -39.77K | -39.77K | -19.26K | -71.51K | -344.66K | -44.29K |
| Cash Acquisitions | -10.02M | |||||
| Investing Cash Flow | -39.77K | -39.77K | -19.26K | -10.10M | -344.66K | -44.29K |
| Issuance of Common Stock | 157.50K | 157.50K | 180.80K | 57.50K | 157.19K | |
| Repurchase of Common Stock | -53.04K | -53.04K | -934.58K | -554.20K | -104.25K | -93.92K |
| Other Financing Activities | -4.95M | -4.95M | -124.11K | -351.65K | -50.51K | |
| Financing Cash Flow | -4.85M | -4.85M | -877.88K | -905.85K | -97.26K | 63.27K |
| Foreign Exchange Rate Adjustments | 14.07K | 14.07K | 1.26K | 4.85K | 229.00 | -2.94K |
| Net Cash Flow | 402.97K | 402.97K | 6.13M | -7.45M | 2.94M | -401.16K |
| Free Cash Flow | 5.23M | 5.23M | 7.00M | 3.48M | 3.04M | -461.49K |
| Free Cash Flow Margin | 10.84% | 10.84% | 14.28% | 7.80% | 8.06% | -1.40% |
| Free Cash Flow Per Share | 0.16 | 0.16 | 0.22 | 0.12 | 0.10 | -0.02 |
| Levered Free Cash Flow | 2.88M | 2.88M | 12.97M | 4.97M | 2.76M | 219.22K |
| Unlevered Free Cash Flow | 3.53M | 3.53M | 12.97M | 4.97M | 2.76M | 219.22K |
| Cash Income Tax Paid | 71.21K | 71.21K | 82.81K | 113.07K | 5.60K | 7.62K |
| Change in Working Capital | -771.43K | -771.43K | 1.04M | 1.11M | 841.40K | 169.42K |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 60.53M | 75.15M | 88.76M | 77.31M | 55.00M | 47.53M |
| Enterprise Value | 47.90M | 63.10M | 78.91M | 73.08M | 42.86M | 36.88M |
| Last Close Price | 1.85 | 2.32 | 2.87 | 2.55 | 2.04 | 1.78 |
| PE Ratio | 20.90 | 26.63 | 70.14 | 96.21 | ||
| Forward PE | 12.94 | 15.47 | 21.00 | 54.60 | 45.33 | |
| PS Ratio | 1.25 | 1.56 | 1.81 | 1.73 | 1.46 | 1.44 |
| PB Ratio | 2.90 | 3.63 | 6.37 | 6.61 | 7.50 | 9.73 |
| P/TBV Ratio | 8.01 | 9.73 | ||||
| P/FCF Ratio | 11.56 | 14.36 | 12.67 | 22.22 | 18.10 | |
| P/OCF Ratio | 11.48 | 14.25 | 12.64 | 21.77 | 16.25 | |
| EV/Sales Ratio | 0.99 | 1.31 | 1.61 | 1.64 | 1.14 | 1.12 |
| EV/EBITDA Ratio | 9.89 | 13.03 | 21.06 | 1,095.25 | 147.17 | |
| EV/EBIT Ratio | 13.35 | 17.59 | 31.55 | 179.64 | ||
| EV/FCF Ratio | 9.15 | 12.05 | 11.27 | 21.00 | 14.10 | |
| Net Debt / Equity Ratio | -0.61 | -0.61 | -0.88 | -0.52 | -1.85 | -2.17 |
| Net Debt / EBITDA Ratio | -2.61 | -2.61 | -3.26 | -91.42 | -46.51 | 6.57 |
| Net Debt / FCF Ratio | -2.41 | -2.41 | -1.75 | -1.75 | -4.46 | 22.98 |
| Asset Turnover | 1.05 | 1.05 | 1.11 | 1.40 | 1.94 | 1.94 |
| Quick Ratio | 0.79 | 0.79 | 0.76 | 0.73 | 1.36 | 1.31 |
| Current Ratio | 0.83 | 0.83 | 0.78 | 0.82 | 1.47 | 1.40 |
| Return on Equity (ROE) | 16.30% | 16.30% | 9.88% | -39.81% | 9.36% | -31.66% |
| Return on Assets (ROA) | 4.89% | 4.89% | 3.55% | -1.51% | 0.77% | -6.01% |
| Return on Invested Capital (ROIC) | 45.43% | 70.10% | 64.36% | -13.76% | ||
| Return on Capital Employed (ROCE) | 17.30% | 17.30% | 12.10% | -3.20% | 3.30% | -33.40% |
| Earnings Yield | 4.79% | 3.75% | 1.43% | -4.90% | 1.04% | -3.44% |
| FCF Yield | 8.65% | 6.97% | 7.89% | 4.50% | 5.53% | -0.97% |
| Buyback Yield / Dilution | -2.44% | -2.44% | -9.15% | 0.95% | -10.29% | -1.59% |