Research Solutions, Inc. (RSSS) 10-Year Financial Performance & Capital Metrics

RSSS • • Industrial / General

TechnologyApplication SoftwareEducation & Learning PlatformsOnline Education Platforms

AboutResearch 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, sourced, and delivered through the Transactions platform. Its solutions enable life science and other research intensive organizations to accelerate their research and development activities with access and management STM articles used throughout the intellectual property development lifecycle. The company was formerly known as Derycz Scientific, Inc. and changed its name to Research Solutions, Inc. in March 2013. Research Solutions, Inc. was founded in 2006 and is based in Henderson, Nevada.Show more

Revenue $49M +9.9%
EBITDA $4M +5514.7%
Net Income $1M +133.4%
EPS (Diluted) 0.04 +130.8%
Gross Margin 49.32% +12.1%
EBITDA Margin 7.64% +5008.4%
Operating Margin 5.1% +395.7%
Net Margin 2.58% +130.4%
ROE 9.88% +124.8%
ROIC 51.43% +598.5%
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.4%

5Y9.57%

3Y14.21%

TTM5.83%

Profit (Net Income) CAGR

10Y5.04%

5Y-

3Y-

TTM163.2%

EPS CAGR

10Y0%

5Y-

3Y-

TTM151.72%

ROCE

10Y Avg-22.78%

5Y Avg-5.39%

3Y Avg3.4%

Latest11.22%

Peer Comparison

Online Education Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DUOLDuolingo, Inc.	6.47B	161.74	86.03	40.84%	40.03%	29.52%	4.22%	0.07
RSSSResearch Solutions, Inc.	96.3M	2.93	73.25	9.94%	2.73%	8.63%	7.27%
DCBODocebo Inc.	620.1M	21.58	25.09	19.96%	9.53%	49.74%	4.52%	0.03
SGNSigning Day Sports, Inc.	2.5M	0.59	-0.03	100.13%	-18.22%	-19.73%
AMSTAmesite Inc.	9.05M	1.98	-1.92	-33.81%	-17.32%	-154.55%
NRDYNerdy, Inc.	130.31M	1.06	-2.79	-1.64%	-22.95%	-110.17%		0.02
COE51Talk Online Education Group	121.21M	29.33	-3.26	92.65%	-46.11%		4.56%
NTCLNetClass Technology Inc	8.76M	0.44	-4.67	-8.91%	-14.63%	-39.38%		0.00

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	34.36M	25.75M	28.02M	28.79M	31.06M	31.76M	32.93M	37.7M	44.62M	49.06M
Revenue Growth %	0.08%	-0.25%	0.09%	0.03%	0.08%	0.02%	0.04%	0.14%	0.18%	0.1%
Cost of Goods Sold+	27.86M	19.64M	20.67M	20.45M	21.42M	21.47M	20.91M	23M	24.98M	24.86M
COGS % of Revenue	0.81%	0.76%	0.74%	0.71%	0.69%	0.68%	0.64%	0.61%	0.56%	0.51%
Gross Profit+	6.5M	6.1M	7.35M	8.34M	9.64M	10.29M	12.02M	14.7M	19.64M	24.2M
Gross Margin %	0.19%	0.24%	0.26%	0.29%	0.31%	0.32%	0.36%	0.39%	0.44%	0.49%
Gross Profit Growth %	0.05%	-0.06%	0.2%	0.14%	0.16%	0.07%	0.17%	0.22%	0.34%	0.23%
Operating Expenses+	6.92M	9.17M	9.31M	9.57M	10.49M	10.57M	13.65M	14.46M	20.41M	21.69M
OpEx % of Revenue	0.2%	0.36%	0.33%	0.33%	0.34%	0.33%	0.41%	0.38%	0.46%	0.44%
Selling, General & Admin	6.83M	9.03M	7.36M	7.4M	8.32M	7.95M	9.78M	10.79M	14.11M	15.02M
SG&A % of Revenue	0.2%	0.35%	0.26%	0.26%	0.27%	0.25%	0.3%	0.29%	0.32%	0.31%
Research & Development	0	1.48M	1.8M	2.14M	2.12M	2.64M	3.71M	3.74M	5.44M	5.63M
R&D % of Revenue	-	0.06%	0.06%	0.07%	0.07%	0.08%	0.11%	0.1%	0.12%	0.11%
Other Operating Expenses	90.85K	-1.34M	-1.64M	38.82K	43.18K	-24.44K	161.55K	-69.3K	857.67K	1.04M
Operating Income+	-1.29M	-3.08M	-1.95M	-1.25M	-851.89K	-283.03K	-1.63M	238.61K	-769.54K	2.5M
Operating Margin %	-0.04%	-0.12%	-0.07%	-0.04%	-0.03%	-0.01%	-0.05%	0.01%	-0.02%	0.05%
Operating Income Growth %	-1.6%	-1.4%	0.37%	0.36%	0.32%	0.67%	-4.77%	1.15%	-4.23%	4.25%
EBITDA+	-1.2M	-2.95M	-1.69M	-1.1M	-708.33K	-199.18K	-1.61M	291.26K	66.73K	3.75M
EBITDA Margin %	-0.03%	-0.11%	-0.06%	-0.04%	-0.02%	-0.01%	-0.05%	0.01%	0%	0.08%
EBITDA Growth %	-2.74%	-1.47%	0.43%	0.35%	0.36%	0.72%	-7.1%	1.18%	-0.77%	55.15%
D&A (Non-Cash Add-back)	90.85K	133.69K	262.99K	153.9K	143.57K	83.85K	17.65K	52.65K	836.27K	1.25M
EBIT	-1.32M	-3.06M	-1.89M	-1.23M	-832.37K	-318.99K	-1.49M	116.66K	-748.15K	2.3M
Net Interest Income+	-17.38K	-12K	-4K	0	0	0	-136.74K	0	0	0
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	17.38K	12K	4K	0	0	0	136.74K	0	0	0
Other Income/Expense	-48.99K	11.86K	54.18K	107.31K	80.04K	1.15K	7.15K	338.62K	-2.9M	-1.15M
Pretax Income+	-1.34M	-3.07M	-1.9M	-1.15M	-771.85K	-281.88K	-1.62M	577.23K	-3.67M	1.35M
Pretax Margin %	-0.04%	-0.12%	-0.07%	-0.04%	-0.02%	-0.01%	-0.05%	0.02%	-0.08%	0.03%
Income Tax+	28.16K	35.49K	39.78K	27.04K	7.84K	3.2K	7.62K	5.6K	113.07K	82.81K
Effective Tax Rate %	0.37%	0.75%	0.89%	1.02%	0.86%	1.01%	1%	0.99%	1.03%	0.94%
Net Income+	-497.86K	-2.29M	-1.68M	-1.17M	-662.24K	-285.09K	-1.63M	571.62K	-3.79M	1.27M
Net Margin %	-0.01%	-0.09%	-0.06%	-0.04%	-0.02%	-0.01%	-0.05%	0.02%	-0.08%	0.03%
Net Income Growth %	-1.64%	-3.61%	0.27%	0.3%	0.44%	0.57%	-4.73%	1.35%	-7.62%	1.33%
Net Income (Continuing)	-1.36M	-3.11M	-1.94M	-1.17M	-779.69K	-285.09K	-1.63M	571.62K	-3.79M	1.27M
Discontinued Operations	866.02K	573.45K	256.99K	214.74K	117.44K	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.03	-0.10	-0.07	-0.05	-0.03	-0.01	-0.06	0.02	-0.13	0.04
EPS Growth %	-1.7%	-2.52%	0.28%	0.31%	0.36%	0.65%	-4.62%	1.32%	-7.63%	1.31%
EPS (Basic)	-0.03	-0.10	-0.07	-0.05	-0.03	-0.01	-0.06	0.02	-0.13	0.04
Diluted Shares Outstanding	17.77M	23.24M	23.47M	23.82M	24.76M	26.01M	26.42M	29.14M	28.86M	30.68M
Basic Shares Outstanding	17.05M	23.24M	23.47M	23.82M	24.76M	26.01M	26.42M	26.86M	28.86M	30.68M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	12.18M	12M	9.58M	10.17M	14.72M	16.9M	16.98M	21.3M	14.69M	20M
Cash & Short-Term Investments	6.08M	5.77M	4.91M	5.35M	9.31M	11M	10.6M	13.55M	6.1M	12.23M
Cash Only	6.08M	5.77M	4.91M	5.35M	9.31M	11M	10.6M	13.55M	6.1M	12.23M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	5.76M	5.47M	4.25M	4.49M	4.45M	4.72M	5.25M	6.15M	6.88M	7.19M
Days Sales Outstanding	61.2	77.48	55.38	56.96	52.29	54.22	58.2	59.57	56.27	53.5
Inventory	0	0	0	0	0	0	0	1.2M	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	19.08	-	-
Other Current Assets	0	0	0	323.59K	0	270.25K	0	400.34K	643.55K	581.18K
Total Non-Current Assets+	194.65K	559.99K	380.74K	243.48K	89.76K	21.66K	48.88K	533.31K	27.17M	26.12M
Property, Plant & Equipment	82.21K	503.65K	366.37K	229.07K	83.61K	20.75K	47.98K	70.19K	88.01K	60.77K
Fixed Asset Turnover	418.02x	51.12x	76.48x	125.70x	371.48x	1530.06x	686.34x	537.14x	507.03x	807.29x
Goodwill	0	0	0	0	0	0	0	0	16.32M	16.37M
Intangible Assets	104.85K	41.87K	0	0	0	0	0	462.07K	10.76M	9.69M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	7.59K	14.47K	14.37K	14.41K	6.16K	906	893	1.05K	981	957
Total Assets+	12.37M	12.56M	9.96M	10.41M	14.81M	16.92M	17.03M	21.83M	41.86M	46.12M
Asset Turnover	2.78x	2.05x	2.81x	2.77x	2.10x	1.88x	1.93x	1.73x	1.07x	1.06x
Asset Growth %	0.82%	0.02%	-0.21%	0.05%	0.42%	0.14%	0.01%	0.28%	0.92%	0.1%
Total Current Liabilities+	6.33M	7.89M	6.47M	7.3M	9.95M	11.49M	12.14M	14.5M	17.87M	25.51M
Accounts Payable	5.69M	-110.89K	-119.79K	4.86M	6.35M	6.69M	6.6M	8.08M	8.84M	7.44M
Days Payables Outstanding	74.55	-	-	86.79	108.2	113.68	115.25	128.2	129.2	109.28
Short-Term Debt	0	110.89K	119.79K	129.19K	0	0	0	0	0	0
Deferred Revenue (Current)	639.83K	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	6.44M	4.69M	-129.19K	3.52M	0	0	0	0	7.36M
Current Ratio	1.92x	1.52x	1.48x	1.39x	1.48x	1.47x	1.40x	1.47x	0.82x	0.78x
Quick Ratio	1.92x	1.52x	1.48x	1.39x	1.48x	1.47x	1.40x	1.39x	0.82x	0.78x
Cash Conversion Cycle	-	-	-	-	-	-	-	-49.55	-	-
Total Non-Current Liabilities+	0	328.3K	208.51K	79.33K	0	0	0	0	12.3M	6.68M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	328.3K	208.51K	79.33K	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	12.3M	6.68M
Total Liabilities	6.33M	8.22M	6.68M	7.38M	9.95M	11.49M	12.14M	14.5M	30.17M	32.19M
Total Debt+	0	439.19K	328.3K	208.51K	79.33K	0	0	0	0	0
Net Debt	-6.08M	-5.33M	-4.58M	-5.14M	-9.23M	-11M	-10.6M	-13.55M	-6.1M	-12.23M
Debt / Equity	-	0.10x	0.10x	0.07x	0.02x	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-46.51x	-91.42x	-3.26x
Interest Coverage	-74.03x	-257.05x	-487.53x	-	-	-	-11.93x	-	-	-
Total Equity+	6.04M	4.34M	3.28M	3.03M	4.86M	5.43M	4.88M	7.33M	11.69M	13.93M
Equity Growth %	4.53%	-0.28%	-0.25%	-0.08%	0.6%	0.12%	-0.1%	0.5%	0.6%	0.19%
Book Value per Share	0.34	0.19	0.14	0.13	0.20	0.21	0.18	0.25	0.41	0.45
Total Shareholders' Equity	6.04M	4.34M	3.28M	3.03M	4.86M	5.43M	4.88M	7.33M	11.69M	13.93M
Common Stock	23.81K	23.88K	24.02K	24.38K	26.03K	26.5K	27.08K	29.49K	32.3K	32.48K
Retained Earnings	-15.58M	-17.88M	-19.55M	-20.51M	-21.18M	-21.46M	-23.09M	-22.52M	-26.31M	-25.04M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-43.22K	-70.73K	-94.71K	-109.58K	-125.04K	-119.58K	-121.94K	-118.22K	-118.82K	-120.19K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	185.17K	-436.84K	-605.31K	576.45K	2.42M	1.87M	-417.2K	3.38M	3.55M	7.02M
Operating CF Margin %	0.01%	-0.02%	-0.02%	0.02%	0.08%	0.06%	-0.01%	0.09%	0.08%	0.14%
Operating CF Growth %	1.56%	-3.36%	-0.39%	1.95%	3.2%	-0.23%	-1.22%	9.11%	0.05%	0.98%
Net Income	-497.86K	-2.29M	-1.68M	-959.96K	-779.69K	-285.09K	-1.63M	571.62K	-3.79M	1.27M
Depreciation & Amortization	90.85K	178.8K	262.99K	153.9K	143.57K	83.85K	17.65K	52.65K	836.27K	1.25M
Stock-Based Compensation	713.89K	630.16K	790.24K	827.17K	0	0	0	0	0	0
Deferred Taxes	0	0	0	-827.17K	0	0	0	0	0	0
Other Non-Cash Items	713.89K	388.96K	533.24K	612.43K	951.6K	1.01M	1.03M	1.92M	5.39M	3.47M
Working Capital Changes	-121.71K	1.29M	277.19K	770.07K	2.1M	1.06M	169.42K	841.4K	1.11M	1.04M
Change in Receivables	-599.68K	296.56K	1.21M	-241.92K	43.91K	-268.19K	-534.09K	-901.52K	-344.02K	-341.43K
Change in Inventory	106.38K	-455.53K	488.99K	-175.95K	0	0	0	0	0	0
Change in Payables	79.31K	752.29K	-1.76M	175.95K	1.49M	0	0	1.34M	0	-1.43M
Cash from Investing+	-196.3K	361.35K	-86.74K	-15.83K	0	-19.85K	-44.29K	-344.66K	-10.1M	-19.26K
Capital Expenditures	-196.3K	-73.65K	-86.74K	-15.83K	0	-19.85K	-44.29K	-47.21K	-71.51K	-19.26K
CapEx % of Revenue	0.01%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-137.92K	435K	-57.45K	0	0	0	0	-297.45K	0	0
Cash from Financing+	4.75M	-199.33K	-152.74K	-100.02K	1.55M	-159.97K	63.27K	-97.26K	-905.85K	-877.88K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	100K	0	18.04K	157.19K	-50.51K	-351.65K	-124.11K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-11.13K	-510.49K	-692.05K	560.62K	2.42M	1.85M	-461.49K	3.34M	3.48M	7M
FCF Margin %	-0%	-0.02%	-0.02%	0.02%	0.08%	0.06%	-0.01%	0.09%	0.08%	0.14%
FCF Growth %	0.97%	-44.88%	-0.36%	1.81%	3.31%	-0.24%	-1.25%	8.23%	0.04%	1.01%
FCF per Share	-0.00	-0.02	-0.03	0.02	0.10	0.07	-0.02	0.11	0.12	0.23
FCF Conversion (FCF/Net Income)	-0.37x	0.19x	0.36x	-0.49x	-3.65x	-6.55x	0.26x	5.92x	-0.94x	5.55x
Interest Paid	17.38K	12K	4K	0	0	0	0	0	0	0
Taxes Paid	28.16K	35.49K	39.78K	27.04K	0	3.2K	7.62K	0	113.07K	82.81K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-13.96%	-44.17%	-44.04%	-37.23%	-16.79%	-5.54%	-31.66%	9.36%	-39.81%	9.88%
Return on Invested Capital (ROIC)	-	-	-	-	-	-	-	-	-10.32%	51.43%
Gross Margin	18.92%	23.71%	26.23%	28.98%	31.03%	32.39%	36.5%	38.99%	44.01%	49.32%
Net Margin	-1.45%	-8.91%	-5.99%	-4.08%	-2.13%	-0.9%	-4.96%	1.52%	-8.49%	2.58%
Debt / Equity	-	0.10x	0.10x	0.07x	0.02x	-	-	-	-	-
Interest Coverage	-74.03x	-257.05x	-487.53x	-	-	-	-11.93x	-	-	-
FCF Conversion	-0.37x	0.19x	0.36x	-0.49x	-3.65x	-6.55x	0.26x	5.92x	-0.94x	5.55x
Revenue Growth	7.72%	-25.07%	8.82%	2.77%	7.87%	2.25%	3.71%	14.48%	18.35%	9.94%

Revenue by Segment

	2014	2017	2018	2019	2020	2021	2022	2023	2024	2025
Transactions	-	24.77M	26.2M	25.98M	27.17M	26.62M	26.15M	29.02M	30.67M	30.1M
Transactions Growth	-	-	5.78%	-0.82%	4.55%	-2.01%	-1.78%	10.99%	5.68%	-1.84%
Platforms	-	980.32K	1.82M	2.81M	3.89M	5.14M	6.79M	8.68M	13.96M	18.96M
Platforms Growth	-	-	85.57%	54.42%	38.50%	32.00%	32.17%	27.92%	60.73%	35.82%
Corporate	8.07M	-	-	-	-	-	-	-	-	-
Corporate Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2014	2017	2018	2019	2020	2021	2022	2023	2024	2025
Europe	-	-	-	-	-	-	-	-	13.96M	15.69M
Europe Growth	-	-	-	-	-	-	-	-	-	12.37%
North American Operations	28.48M	-	-	-	-	-	-	-	-	-
North American Operations Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Research Solutions, Inc. (RSSS) has a price-to-earnings (P/E) ratio of 73.3x. This suggests investors expect higher future growth.

Growth & Financials

Research Solutions, Inc. (RSSS) reported $49.3M in revenue for fiscal year 2025. This represents a 15% increase from $42.8M in 2012.

Research Solutions, Inc. (RSSS) grew revenue by 9.9% over the past year. This is steady growth.

Yes, Research Solutions, Inc. (RSSS) is profitable, generating $1.3M in net income for fiscal year 2025 (2.6% net margin).

Dividend & Returns

Research Solutions, Inc. (RSSS) has a return on equity (ROE) of 9.9%. This is below average, suggesting room for improvement.

Research Solutions, Inc. (RSSS) generated $7.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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