Research Solutions, Inc.

Listed Company

RSSSCIK 0001386301NasdaqNon-AcceleratedSmaller ReportingServices-Business Services, NecNevadaFY ends Jun 30

Period

FY 2025

Revenue

$49.06M

Net Income

$1.27M

Total Assets

$46.12M

Equity

$13.93M

Shares Out

32.91M

Op. Cash Flow

$7.02M

Business

Research Solutions, Inc. is a vertical SaaS and AI company that provides software and services to simplify research workflows for research-intensive organizations. It offers cloud-based Platforms for discovery, access, and management of scientific, technical and medical (STM) content, including AI-based assistants, article procurement, rights and permissions, and reference management. Key business divisions include Reprints Desk’s Article Galaxy access and document delivery services, Scite and Resolute discovery and analytics tools, and a References management solution. The Company sells primarily to corporate, academic, government and individual researchers via cloud subscriptions, APIs and transactional article sales.

Summary from filing dated 2025-09-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Total revenue	49	45	38	33	32
Total cost of revenue	25	25	23	21	21
Gross profit	24	20	15	12	10
Selling, general and administrative	20	20	14	14	11
Depreciation and amortization	1	836,271	52,649	17,651	11,522
Total operating expenses	22	20	14	14	11
Income (loss) from operations	3	−769,543	238,608	−2	−283,032
Other income	595,679	333,088	338,617	7,154	1,147
Change in fair value of contingent earnout liability	−2	−3	0	—	—
Income (loss) before provision for income taxes	1	−4	577,225	−2	−281,885
Provision for income taxes	−82,811	−113,071	−5,602	−7,622	−3,204
Net income (loss)	1	−4	571,623	−2	−285,089
Foreign currency translation	−1,368	−595	3,717	−2,364	5,461
Comprehensive income (loss)	1	−4	575,340	−2	−279,628
Net income (loss) per share (in dollars per share)	0.04	−0.13	0.02	−0.06	—
Weighted average common shares outstanding	31	29	27	26	—
Net income (loss) per share (in dollars per share)	0.04	−0.13	0.02	−0.06	—
Weighted average common shares outstanding	32	29	29	26	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	12	6	14	11	11
Accounts receivable, net of allowance of $182,324 and $68,579, respectively	7	7	6	5	5
Prepaid expenses and other current assets	580,257	643,553	400,340	276,026	270,252
Prepaid royalties	925	1	1	846,652	904,921
Total current assets	20	15	21	17	17
Property and equipment, net of accumulated depreciation of $964,883 and $922,558, respectively	60,769	88,011	70,193	47,985	20,755
Intangible assets, net of accumulated amortization of $2,736,773 and $1,535,310, respectively	10	11	462,068	0	—
Goodwill	16	16	0	—	—
Deposits and other assets	957	981	1,052	893	906
Total assets	46	42	22	17	17
Accounts payable and accrued expenses	7	9	8	7	7
Deferred revenue	11	9	6	6	5
Contingent earnout liability, current portion	7	0	—	—	—
Total current liabilities	26	18	15	12	11
Contingent earnout liability, long-term portion	7	12	0	—	—
Total liabilities	32	30	15	—	—
Commitments and contingencies	—	—	—	—	—
Preferred stock; $0.001 par value; 20,000,000 shares authorized; no shares issued and outstanding	0	0	0	0	0
Common stock; $0.001 par value; 100,000,000 shares authorized; 32,479,993 and 32,295,373 shares issued and outstanding, respectively	32,480	32,295	29,487	27,076	26,498
Additional paid-in capital	39	38	30	28	27
Accumulated deficit	−25	−26	−23	−23	−21
Accumulated other comprehensive loss	−120,187	−118,819	−118,224	−121,941	−119,577
Total stockholders' equity	14	12	7	5	5
Total liabilities and stockholders' equity	46	42	22	17	17

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	1	836,271	52,649	17,651	11,522
Stock options expense	205,457	140,150	—	—	—
Restricted common stock expense	2	2	1	557,496	376,338
Modification cost of accelerated vesting of restricted common stock	0	20,949	56,000	—	—
Accounts receivable	−341,434	−344,020	−901,518	−534,092	−268,193
Prepaid expenses and other current assets	63,296	−164,579	−124,314	−5,774	−28,505
Prepaid royalties	1	135,441	−356,026	58,269	−184,554
Accounts payable and accrued expenses	−1	560,027	1	−83,156	337,343
Deferred revenue	2	921,879	886,198	734,175	1
Net cash provided by operating activities	7	4	3	−417,200	2
Purchase of property and equipment	−19,261	−71,510	−47,209	−44,288	−19,854
Net cash used in investing activities	−19,261	−10	−344,659	−44,288	−19,854
Proceeds from the exercise of stock options	180,800	0	57,500	97,688	88,850
Common stock repurchase	−934,577	−554,202	−104,250	−93,918	−178,012
Payment of contingent acquisition consideration	−124,107	−351,649	−50,509	0	—
Net cash used in financing activities	−877,884	−905,851	−97,259	63,270	−159,974
Effect of exchange rate changes	1,260	4,851	229	−2,944	4,203
Net increase (decrease) in cash and cash equivalents	6	−7	3	−401,162	2
Cash paid for income taxes	82,811	113,071	5,602	7,622	3,204
Contingent consideration accrual on asset acquisition	31,359	32,022	138,428	0	—

Filings

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