The company maintains a debt-free capital structure with $12.1M in cash, though the equity base is burdened by a $22.9M accumulated deficit.
| Metric | TTM | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 | Jun'07 |
|---|
| Total Current Assets | 20.68M | 20M | 14.69M | 21.3M | 16.98M | 16.9M | 14.72M | 10.17M | 9.58M | 12M | 12.18M | 6.69M | 8M | 7.68M | 10.4M | 12.24M | 7.11M | 5.62M | 6.13M | 4.67M |
| Cash & Short-Term Investments | 12.05M | 12.23M | 6.1M | 13.55M | 10.6M | 11M | 9.31M | 5.35M | 4.91M | 5.77M | 6.08M | 1.35M | 2.08M | 1.7M | 3.15M | 2.87M | 1.85M | 1.85M | 2.59M | 2.97M |
| Cash Only | 12.05M | 12.23M | 6.1M | 13.55M | 10.6M | 11M | 9.31M | 5.35M | 4.91M | 5.77M | 6.08M | 1.35M | 2.08M | 1.7M | 3.15M | 2.87M | 1.85M | 1.85M | 849.83K | 382.59K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.74M | 2.59M |
| Accounts Receivable | 7.6M | 7.19M | 6.88M | 6.15M | 5.25M | 4.72M | 4.45M | 4.49M | 4.25M | 5.47M | 5.76M | 4.89M | 3.99M | 5.13M | 6.3M | 7.05M | 4.45M | 3.5M | 3.12M | 1.34M |
| Days Sales Outstanding | 51.29 | 53.5 | 56.27 | 59.57 | 58.2 | 54.22 | 52.29 | 56.96 | 55.38 | 77.48 | 61.2 | 55.95 | 39.89 | 41.18 | 53.67 | 76.78 | 65.11 | 87.18 | 93.24 | 126.86 |
| Inventory | 0 | 0 | 0 | 1.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 192.25K | 171.68K | 363.64K | 759.51K | 6.63K | 10.19K | 15.96K | 14.88K |
| Days Inventory Outstanding | - | - | - | 19.08 | - | - | - | - | - | - | - | - | 2.49 | 1.74 | 3.82 | 9.37 | 0.12 | 0.33 | 0.58 | 1.67 |
| Other Current Assets | 1.03M | 581.18K | 643.55K | 400.34K | 0 | 270.25K | 0 | 323.59K | 0 | 0 | 0 | 0 | 1.29M | 327.53K | 0 | 18.32K | 84.47K | 37.89K | 80.74K | 27.8K |
| Total Non-Current Assets | 25.27M | 26.12M | 27.17M | 533.31K | 48.88K | 21.66K | 89.76K | 243.48K | 380.74K | 559.99K | 194.65K | 92.71K | 1.05M | 1.24M | 1.6M | 5.43M | 1.27M | 1.17M | 1.16M | 788.72K |
| Property, Plant & Equipment | 57.86K | 60.77K | 88.01K | 70.19K | 47.98K | 20.75K | 83.61K | 229.07K | 366.37K | 503.65K | 82.21K | 83.24K | 527.37K | 831.23K | 1.29M | 1.67M | 372.87K | 340.78K | 362.81K | 253.2K |
| Fixed Asset Turnover | 770.74x | 807.29x | 507.03x | 537.14x | 686.34x | 1530.06x | 371.48x | 125.70x | 76.48x | 51.12x | 418.02x | 383.24x | 69.31x | 54.74x | 33.08x | 20.10x | 66.87x | 43.00x | 33.65x | 15.21x |
| Goodwill | 16.37M | 16.37M | 16.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.57M | 223.38K | 223.38K | 189.19K | 199.19K |
| Intangible Assets | 8.84M | 9.69M | 10.76M | 462.07K | 0 | 0 | 0 | 0 | 0 | 41.87K | 104.85K | 0 | 55.23K | 123.48K | 65.51K | 1.88M | 674.78K | 607.83K | 611.74K | 336.34K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 998 | 957 | 981 | 1.05K | 893 | 906 | 6.16K | 14.41K | 14.37K | 14.47K | 7.59K | 9.47K | 463.46K | 286.07K | 244.2K | 308.72K | 0 | 0 | 0 | 0 |
| Total Assets | 45.95M | 46.12M | 41.86M | 21.83M | 17.03M | 16.92M | 14.81M | 10.41M | 9.96M | 12.56M | 12.37M | 6.78M | 9.04M | 8.92M | 12.01M | 17.66M | 8.38M | 6.79M | 7.29M | 5.45M |
| Asset Turnover | 1.07x | 1.06x | 1.07x | 1.73x | 1.93x | 1.88x | 2.10x | 2.77x | 2.81x | 2.05x | 2.78x | 4.71x | 4.04x | 5.10x | 3.57x | 1.90x | 2.98x | 2.16x | 1.67x | 0.71x |
| Asset Growth % | 25.2% | 10.18% | 91.71% | 28.24% | 0.64% | 14.22% | 42.25% | 4.55% | -20.71% | 1.54% | 82.48% | -25.03% | 1.32% | -25.67% | -32.03% | 110.87% | 23.34% | -6.86% | 33.69% | - |
| Total Current Liabilities | 25.1M | 25.51M | 17.87M | 14.5M | 12.14M | 11.49M | 9.95M | 7.3M | 6.47M | 7.89M | 6.33M | 5.69M | 9.35M | 8.11M | 11.57M | 9.74M | 5.02M | 3.17M | 3.39M | 1.44M |
| Accounts Payable | 6.69M | 7.44M | 8.84M | 8.08M | 6.6M | 6.69M | 6.35M | 4.86M | -119.79K | -110.89K | 5.69M | 5.61M | 5.75M | 7.53M | 9.55M | 6.3M | 4.89M | 3.04M | 2M | 1.04M |
| Days Payables Outstanding | 105.71 | 109.28 | 129.2 | 128.2 | 115.25 | 113.68 | 108.2 | 86.79 | - | - | 74.55 | 79.62 | 74.41 | 76.46 | 100.28 | 77.66 | 84.87 | 97.11 | 72.73 | 116.27 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 129.19K | 119.79K | 110.89K | 0 | 0 | 11.6K | 276.75K | 1.05M | 2.15M | 33.68K | 17.86K | 1.29M | 6.24K |
| Deferred Revenue (Current) | 41.71M | 10.7M | 9.02M | 6.42M | 5.54M | 4.8M | 0 | 2.31M | 1.67M | 1.34M | 639.83K | 75.31K | 158.36K | 53.22K | 68.9K | 158.24K | 600 | 3.66K | 0 | -6.24K |
| Other Current Liabilities | 7.31M | 7.36M | 0 | 0 | 0 | 0 | 3.52M | -129.19K | 4.69M | 6.44M | 0 | 0 | 3.43M | 24.76K | 0 | -279.63K | -33.68K | 98.91K | 88.43K | 233.91K |
| Current Ratio | 0.82x | 0.78x | 0.82x | 1.47x | 1.40x | 1.47x | 1.48x | 1.39x | 1.48x | 1.52x | 1.92x | 1.18x | 0.86x | 0.95x | 0.90x | 1.26x | 1.42x | 1.77x | 1.81x | 3.24x |
| Quick Ratio | 0.82x | 0.78x | 0.82x | 1.39x | 1.40x | 1.47x | 1.48x | 1.39x | 1.48x | 1.52x | 1.92x | 1.18x | 0.83x | 0.93x | 0.87x | 1.18x | 1.41x | 1.77x | 1.80x | 3.23x |
| Cash Conversion Cycle | -54.42 | - | - | -49.55 | - | - | - | - | - | - | - | - | -32.03 | -33.54 | -42.79 | 8.49 | -19.65 | -9.61 | 21.1 | 12.26 |
| Total Non-Current Liabilities | 1.78M | 6.68M | 12.3M | 0 | 0 | 0 | 0 | 79.33K | 208.51K | 328.3K | 0 | 0 | 113.42K | 504.1K | 866.63K | 2.1M | 43.51K | 43.62K | 61.48K | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 504.1K | 53.45K | 110.08K | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 79.33K | 208.51K | 328.3K | 0 | 0 | 0 | 493.05K | 813.17K | 1.28M | 43.51K | 43.62K | 61.48K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 350K | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.73M | 6.68M | 12.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -493.05K | 0 | 359.34K | 0 | 0 | 0 | 0 |
| Total Liabilities | 26.89M | 32.19M | 30.17M | 14.5M | 12.14M | 11.49M | 9.95M | 7.38M | 6.68M | 8.22M | 6.33M | 5.69M | 9.46M | 8.61M | 12.44M | 11.84M | 5.06M | 3.22M | 3.46M | 1.44M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 79.33K | 208.51K | 328.3K | 439.19K | 0 | 0 | 449.82K | 1.5M | 2.56M | 4.21M | 77.2K | 61.48K | 1.37M | 6.24K |
| Net Debt | -12.05M | -12.23M | -6.1M | -13.55M | -10.6M | -11M | -9.23M | -5.14M | -4.58M | -5.33M | -6.08M | -1.35M | -1.63M | -204.6K | -590.78K | 1.34M | -1.78M | -1.79M | 519.63K | -376.34K |
| Debt / Equity | 0.00x | - | - | - | - | - | 0.02x | 0.07x | 0.10x | 0.10x | - | - | - | 4.76x | - | 0.72x | 0.02x | 0.02x | 0.36x | 0.00x |
| Debt / EBITDA | 0.00x | - | - | - | - | - | - | - | - | - | - | - | - | 1.52x | - | - | - | - | - | - |
| Net Debt / EBITDA | -2.34x | -3.26x | -91.42x | -46.51x | - | - | - | - | - | - | - | - | - | -0.21x | - | - | - | - | - | - |
| Interest Coverage | 20.17x | - | - | - | -10.88x | - | - | - | -472.99x | -255.06x | -75.84x | -27.32x | -76.30x | 3.13x | -30.06x | -36.53x | -45.03x | -28.62x | -9.47x | -79.19x |
| Total Equity | 19.06M | 13.93M | 11.69M | 7.33M | 4.88M | 5.43M | 4.86M | 3.03M | 3.28M | 4.34M | 6.04M | 1.09M | -418.93K | 314.18K | -434.56K | 5.82M | 3.31M | 3.57M | 3.84M | 4.02M |
| Equity Growth % | 165.88% | 19.1% | 59.53% | 50.1% | -10.01% | 11.69% | 60.27% | -7.55% | -24.52% | -28.08% | 452.8% | 360.86% | -233.34% | 172.3% | -107.46% | 75.66% | -7.25% | -6.87% | -4.44% | - |
| Book Value per Share | 0.60 | 0.45 | 0.41 | 0.25 | 0.18 | 0.21 | 0.20 | 0.13 | 0.14 | 0.19 | 0.34 | 0.06 | -0.02 | 0.02 | -0.03 | 0.39 | 0.26 | 0.28 | 0.31 | 0.38 |
| Total Shareholders' Equity | 19.06M | 13.93M | 11.69M | 7.33M | 4.88M | 5.43M | 4.86M | 3.03M | 3.28M | 4.34M | 6.04M | 1.09M | -418.93K | 314.18K | -434.56K | 5.82M | 3.28M | 3.53M | 3.79M | 3.96M |
| Common Stock | 33.15K | 32.48K | 32.3K | 29.49K | 27.08K | 26.5K | 26.03K | 24.38K | 24.02K | 23.88K | 23.81K | 18.24K | 17.6K | 16.97K | 17.07K | 16.82K | 13K | 12.96K | 12.56K | 12.5K |
| Retained Earnings | -22.89M | -25.04M | -26.31M | -22.52M | -23.09M | -21.46M | -21.18M | -20.51M | -19.55M | -17.88M | -15.58M | -15.08M | -15.86M | -13.99M | -14.18M | -7.65M | -2.24M | -1.94M | -871.03K | -532.71K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -109.8K | -120.19K | -118.82K | -118.22K | -121.94K | -119.58K | -125.04K | -109.58K | -94.71K | -70.73K | -43.22K | -29.35K | 16.1K | 76K | 60.65K | -11.59K | -317.63K | -188.27K | -89.71K | -15.31K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34.9K | 47.36K | 50.1K | 51.13K |
Open Access Mandate Headwinds
According to recent quarterly filings, Research Solutions has successfully expanded its cash reserves from $2.7M in 2024Q2 to $12.1M by 2026Q3, providing a necessary buffer against the volatility inherent in its transactional fulfillment business model and supporting ongoing platform development initiatives.
The current ratio remains consistently below 1.0, hovering near 0.82 as of 2026Q3, which suggests that the company relies heavily on the rapid turnover of its working capital to meet short-term obligations. While this liquidity profile appears tight, the absence of debt mitigates the risk of a solvency crisis during periods of revenue contraction.
Based on the latest balance sheet data, goodwill accounts for approximately $16.4M of the company's $45.9M in total assets, indicating that the firm's valuation is heavily anchored to past acquisitions rather than tangible property, plant, and equipment, which remains negligible at under $60K.
This asset-light structure is characteristic of a software-centric pivot, yet it leaves the balance sheet sensitive to potential impairment charges if acquired technologies fail to deliver expected synergies. Investors should monitor whether the carrying value of these intangibles remains supported by the growth of the Platforms segment.
As reported in financial statements, the company's equity base of $19.1M is significantly burdened by a persistent accumulated deficit of $22.9M, reflecting years of historical losses that continue to weigh on the firm's book value despite recent efforts to achieve consistent profitability.
The reliance on equity to fund operations without the benefit of retained earnings suggests that the company has historically prioritized growth and platform investment over capital preservation. Future equity quality will depend on the firm's ability to transition from these accumulated losses to a sustained positive earnings trajectory.
Based on reported figures, deferred revenue has trended upward from $7.8M in 2024Q2 to $11.2M in 2026Q3, providing a visible indicator of the company's success in securing multi-period subscription commitments within its Platforms segment despite broader top-line deceleration.
This growth in unearned revenue serves as a critical leading indicator for future cash flow stability, as it represents contracted services that have yet to be recognized. The steady accumulation of these liabilities suggests that the software-as-a-service model is gaining deeper penetration within the existing customer base.
Quick answers to the most common questions about buying RSSS stock.
As of 2025, Research Solutions, Inc. (RSSS) had total assets of $46.1M including $20.0M in current assets.
Research Solutions, Inc. (RSSS) carries total debt of $0.0M, offset by $12.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Research Solutions, Inc. (RSSS) has total shareholders' equity (book value) of $13.9M ($0.45 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Research Solutions, Inc. (RSSS) reported a current ratio of 0.78x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.