RSSS

MKT CAP:$82M

Research Solutions, Inc.

Market Cap

$82M

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$2.52-$0.41 (-13.99%)

Apr 21, 2026

Company Details

Research Solutions, Inc., through its subsidiaries, provides cloud-based software-as-a-service research platform. The company is also involved in the transactional sale of published scientific, technical, and medical (STM) content managed, ...

CEO

Roy W. Olivier

IPO Date

Nov 15, 2010

Website

www.researchsolutions.com

Key Metrics TTM

Revenue

$49M

+2.1% YoY

Net Income

$4M

EPS (Diluted)

$0.12

Free Cash Flow

$8M

Revenue / Share

$1.57

Gross Margin

50.2%

Operating Margin

6.9%

Net Margin

7.9%

FCF Margin

15.5%

P/S

1.7x

P/E

21.2x

Earnings Reports

Q3 2026

May 14, 2026

PENDING

Q2 2026

Feb 13, 2026

$12M-1.0%EPS $0.02

Q1 2026

Nov 14, 2025

$12M+2.2%EPS $0.02

FY 2025

Sep 19, 2025

$49M+9.9%EPS $0.04

Q4 2025

Sep 19, 2025

$12M+2.5%EPS $0.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$9M	$3M	-$339.9K
Q4 22	$9M	$3M	-$352.3K
Q1 23	$9M	$3M	$179.6K
Q2 23	$9M	$3M	-$329.4K
Q3 23	$10M	$4M	$133.1K
Q4 23	$10M	$4M	$255.3K
Q1 24	$10M	$4M	-$1M
Q2 24	$10M	$4M	-$420.0K
Q3 24	$12M	$5M	$87.7K
Q4 24	$12M	$5M	$668.1K
Q1 25	$12M	$6M	$646.7K
Q2 25	$12M	$6M	$92.8K
Q3 25	$13M	$6M	$556.9K
Q4 25	$12M	$6M	$1M
Q1 26	$12M	$6M	$961.7K
Q2 26	$12M	$6M	$739.4K

Valuation

Quarter	P/S	P/E
Q3 22	2.5x	—
Q4 22	2.5x	—
Q1 23	2.4x	—
Q2 23	2.4x	—
Q3 23	2.3x	—
Q4 23	2.2x	143.3x
Q1 24	2.1x	—
Q2 24	2.0x	—
Q3 24	1.9x	—
Q4 24	1.8x	—
Q1 25	1.8x	—
Q2 25	1.7x	—
Q3 25	1.7x	—
Q4 25	1.7x	64.7x
Q1 26	1.7x	60.9x
Q2 26	1.7x	21.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	-$85.8K	-$93.1K
Q4 22	-$14.5K	-$24.5K
Q1 23	$108.9K	$105.2K
Q2 23	$914.7K	$899.5K
Q3 23	$848.8K	$837.7K
Q4 23	$2M	$1M
Q1 24	-$755.6K	-$789.4K
Q2 24	$328.7K	$306.7K
Q3 24	$2M	$2M
Q4 24	$2M	$2M
Q1 25	$843.1K	$843.1K
Q2 25	$1M	$1M
Q3 25	$3M	$3M
Q4 25	$2M	$2M
Q1 26	$1M	$1M
Q2 26	$1M	$1M

Capital Expenditures

Quarter	CapEx
Q3 22	$7.3K
Q4 22	$10.0K
Q1 23	$3.7K
Q2 23	$15.2K
Q3 23	$11.1K
Q4 23	$17.2K
Q1 24	$33.8K
Q2 24	$21.9K
Q3 24	$2.0K
Q4 24	$13.7K
Q1 25	$0
Q2 25	$5.4K
Q3 25	$6.2K
Q4 25	$7.7K
Q1 26	$17.5K
Q2 26	$7.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+5.0%	+9.7%
Q4 22	+4.2%	+7.3%
Q1 23	+12.2%	+4.9%
Q2 23	+10.7%	+8.3%
Q3 23	+18.1%	+12.2%
Q4 23	+16.3%	+8.9%
Q1 24	+15.8%	+31.2%
Q2 24	+18.3%	+18.7%
Q3 24	+17.1%	+17.8%
Q4 24	+21.8%	+18.1%
Q1 25	+19.7%	+2.1%
Q2 25	+15.5%	+10.1%
Q3 25	+4.5%	+0.6%
Q4 25	+2.5%	-1.3%
Q1 26	+2.2%	-0.4%
Q2 26	-1.0%	-6.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%
Q1 26	$0	0.0%
Q2 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q3 22	$972.0K	$2M	$543.5K	—
Q4 22	$1M	—	—	$3M
Q1 23	$875.3K	$2M	$521.2K	—
Q2 23	$922.1K	$2M	$666.6K	—
Q3 23	$953.7K	$2M	$642.6K	—
Q4 23	$991.1K	$2M	$455.0K	—
Q1 24	$1M	$3M	$685.0K	—
Q2 24	$1M	$3M	$804.9K	—
Q3 24	$1M	$3M	$1M	—
Q4 24	$1M	$2M	$830.2K	—
Q1 25	$1M	$2M	$1M	—
Q2 25	$2M	$3M	$1M	—
Q3 25	$1M	$2M	$2M	—
Q4 25	$1M	$2M	$1M	—
Q1 26	$1M	$2M	$2M	—
Q2 26	$2M	$2M	$2M	—

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 22	5.0%	-3.5%	1.5
Q4 22	4.2%	-5.0%	-0.9
Q1 23	12.2%	3.0%	15.1
Q2 23	10.7%	-3.7%	7.0
Q3 23	18.1%	0.8%	18.9
Q4 23	16.3%	2.4%	18.7
Q1 24	15.8%	-10.3%	5.6
Q2 24	18.3%	-2.7%	15.6
Q3 24	17.1%	3.5%	20.6
Q4 24	21.8%	8.1%	29.9
Q1 25	19.7%	7.1%	26.8
Q2 25	15.5%	3.6%	19.1
Q3 25	4.5%	6.5%	11.0
Q4 25	2.5%	21.6%	24.1
Q1 26	2.2%	8.8%	11.0
Q2 26	-1.0%	9.3%	8.2

Rule of 40

Revenue Segments

Quarter	Platforms	Transactions
Q3 22	$2M	$7M
Q4 22	$2M	$7M
Q1 23	$2M	$7M
Q2 23	$2M	$7M
Q3 23	$2M	$8M
Q4 23	$2M	$8M
Q1 24	$3M	$7M
Q2 24	$3M	$7M
Q3 24	$4M	$8M
Q1 25	$4M	$8M
Q2 25	$5M	$7M
Q3 25	$5M	$8M
Q4 25	$5M	$7M
Q1 26	$5M	$7M
Q2 26	$5M	$7M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$11M	$0	$11M
Q4 22	$11M	$0	$11M
Q1 23	$10M	$0	$10M
Q2 23	$11M	$0	$11M
Q3 23	$12M	$0	$12M
Q4 23	$14M	$0	$14M
Q1 24	$10M	$0	$10M
Q2 24	$3M	$0	$3M
Q3 24	$4M	$0	$4M
Q4 24	$6M	$0	$6M
Q1 25	$7M	$0	$7M
Q2 25	$8M	$0	$8M
Q3 25	$10M	$0	$10M
Q4 25	$12M	$0	$12M
Q1 26	$12M	$0	$12M
Q2 26	$12M	$0	$12M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	27M	+0.6%	-0.2%
Q4 22	27M	-0.0%	+1.9%
Q1 23	28M	+4.8%	+5.7%
Q2 23	27M	-3.5%	+1.8%
Q3 23	30M	+11.1%	+12.4%
Q4 23	30M	+0.9%	+13.4%
Q1 24	27M	-10.0%	-2.6%
Q2 24	28M	+3.8%	+4.8%
Q3 24	34M	+19.3%	+12.5%
Q4 24	32M	-3.6%	+7.4%
Q1 25	33M	+2.9%	+22.9%
Q2 25	30M	-8.5%	+8.3%
Q3 25	31M	+2.0%	-7.4%
Q4 25	32M	+4.7%	+0.6%
Q1 26	31M	-3.8%	-6.0%
Q2 26	31M	+0.6%	+3.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$60.4K	145
Q4 22	$65.4K	131
Q1 23	$66.3K	131
Q2 23	$66.5K	131
Q3 23	$78.9K	131
Q4 23	$68.7K	145
Q1 24	$69.4K	145
Q2 24	$71.1K	145
Q3 24	$83.6K	145
Q4 24	$83.7K	145
Q1 25	$83.1K	145
Q2 25	$82.2K	145
Q3 25	$87.3K	145
Q4 25	$91.5K	136
Q1 26	$90.5K	136
Q2 26	$86.7K	136

Revenue / Employee