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RSSS

Research Solutions, Inc.

RSSS

Research Solutions, Inc. NASDAQ
$3.06 -0.65% (-0.02)

Market Cap $100.57 M
52w High $4.24
52w Low $2.32
Dividend Yield 0%
P/E 76.5
Volume 18.66K
Outstanding Shares 32.87M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $12.312M $5.264M $749.387K 6.087% $0.02 $1.087M
Q4-2025 $12.438M $4.905M $2.36M 18.977% $0.073 $2.683M
Q3-2025 $12.661M $5.71M $216.47K 1.71% $0.007 $824.416K
Q2-2025 $11.914M $5.728M $-1.98M -16.621% $-0.065 $428.634K
Q1-2025 $12.044M $5.119M $669.004K 5.554% $0.022 $854.546K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $11.956M $45.51M $29.915M $15.594M
Q4-2025 $12.227M $46.121M $32.193M $13.928M
Q3-2025 $9.852M $45.227M $33.996M $11.231M
Q2-2025 $7.701M $42.789M $31.663M $11.126M
Q1-2025 $6.925M $41.361M $28.602M $12.759M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $749.387K $1.107M $-17.539K $-1.361M $-271.549K $1.09M
Q4-2025 $2.36M $2.259M $-7.69K $121.683K $2.375M $2.251M
Q3-2025 $216.47K $2.893M $-6.167K $-731.729K $2.151M $2.887M
Q2-2025 $-1.98M $1.028M $-5.404K $-251.719K $776.382K $1.023M
Q1-2025 $669.004K $843.119K $0 $-16.119K $824.742K $843.12K

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Platforms
Platforms
$0 $0 $10.00M $10.00M
Transactions
Transactions
$10.00M $10.00M $10.00M $10.00M

Five-Year Company Overview

Income Statement

Income Statement Revenue has stepped up meaningfully in the most recent year, suggesting the product strategy and acquisitions are starting to scale, but the company is still coming off a history of very small sales and uneven earnings. Operating results have just recently moved into modest profit territory, while past years show a pattern of small gains and losses rather than steady, predictable performance. Overall, the business looks to be transitioning from a low-margin, service-heavy model toward a higher-margin software and AI platform, but profitability is still early and fragile rather than firmly established.


Balance Sheet

Balance Sheet The balance sheet is relatively clean and conservative for a small tech company. Research Solutions holds a solid cash cushion for its size and reports no debt, which reduces financial risk and gives it flexibility to keep investing in its platform. Equity has been building, indicating some value creation over time, but not yet at a scale that would signal a mature, strongly capitalized business. In short, the company appears financially sound but still small and dependent on continued growth to strengthen its position.


Cash Flow

Cash Flow Cash generation is positive but thin, reflecting a company that is close to self-funding its operations yet still operating with a narrow margin of safety. Capital spending is very light, which fits a software and data business, and helps support free cash flow. However, the low absolute level of cash inflow means that setbacks in growth or profitability could quickly show up in cash flow volatility. The trajectory is encouraging, but the cash profile still looks early-stage and sensitive to execution.


Competitive Edge

Competitive Edge Research Solutions occupies a specialized niche in the scientific and technical research workflow, positioned as a neutral, publisher-independent hub that connects users to content from many sources. Its acquisitions of Scite and ResoluteAI give it distinctive AI capabilities in citation analysis, semantic search, and automated reporting, which help differentiate it from traditional document delivery providers. At the same time, the company competes against much larger and well-funded players in the information and analytics space, so its edge depends on staying nimble, deeply integrating into customer workflows, and continuing to solve problems competitors are slower to address, such as AI-related content rights. The moat is emerging but not yet entrenched, and scale remains a key challenge.


Innovation and R&D

Innovation and R&D Innovation is the core of the strategy. The company is pushing AI across the research lifecycle—from smart citations that judge whether a paper supports or disputes prior work, to AI-enhanced search, to automated landscape reports that summarize complex fields like patents and clinical trials. Moving to an API-first, “headless” architecture makes it easier for institutions to embed these tools directly into their own systems, increasing stickiness. The new “AI Rights” clearinghouse is particularly notable: it addresses the legal gap between copyright holders and AI tools, and, if widely adopted, could become a unique, defensible layer in the ecosystem. The flip side is that this is a fast-moving, highly competitive AI arena, so the company must sustain high levels of R&D and product execution to maintain its lead.


Summary

Research Solutions looks like a small, evolving software and AI company that is moving from a niche document delivery service to a more scalable, higher-value research workflow platform. Financially, it has low leverage, a reasonable cash buffer, and is showing early signs of profitable growth, but from a modest base and with earnings that have not yet been consistently stable. Competitively, its strength lies in specialized AI tools, publisher-neutral positioning, and a focus on end-to-end research workflows, set against the reality of competing with much larger incumbents. Future outcomes will likely hinge on how well it can grow recurring SaaS revenue, deepen its integration with customers, and turn its AI capabilities—especially the AI Rights offering—into durable, differentiated revenue streams, acknowledging that there is meaningful execution and competitive risk along the way.