Henderson – September 15, 2026 -- Research Solutions, Inc. (NASDAQ: RSSS) reported fiscal year 2026 net income of $2.8 million, more than double the $1.3 million posted in fiscal 2025, as its shift toward higher-margin Platform subscriptions offset a decline in transaction volume.
B2B annual recurring revenue climbs 14.1% to $16.2 million
For the fiscal year ended June 30, 2026, total ARR reached $22.5 million, up 7.8% year-over-year, comprising $16.2 million of B2B recurring revenue and $6.3 million from B2C. The B2B segment added 105 net new platform deployments during the year, while AI-related ARR contributed $0.8 million.
Platform revenue rises to 43% of total sales as transaction business contracts
Platform subscription revenue grew 9.8% to $20.8 million, lifting its share of total revenue from 39% to 43%. Transaction revenue fell to $27.5 million from $30.1 million on lower paid order volume, particularly in the second and third quarters. Total revenue for the year was $48.3 million, down from $49.1 million.
Gross margin expands 260 basis points to 51.9% on mix shift
The margin improvement was driven by the continued move toward Platform subscriptions, which carry higher profitability than transaction-based content sales. Adjusted EBITDA reached a company record $5.8 million, up from $5.3 million in fiscal 2025. The company closed the year with $12.6 million in cash and cash equivalents, after generating $5.3 million in operating cash flow.
Fourth-quarter net income falls to $666,000 on tough prior-year comparison
In the fourth quarter, net income was $666,000, or $0.02 per diluted share, versus $2.4 million, or $0.07 per diluted share, a year earlier; the prior-year quarter had included a $1.1 million favorable adjustment tied to the Scite earnout finalization. Quarterly revenue was $12.1 million versus $12.4 million, with gross margin improving 200 basis points to 53.0%. Transaction active customer accounts totaled 1,323, down slightly from 1,338 a year ago.
CEO cites new AI tools embedded inside ChatGPT and Claude
President and CEO Roy W. Olivier said the company launched AI products including Scite MCP and Article Galaxy MCP, which let researchers use Scite and Article Galaxy functionality directly within ChatGPT, Claude and Copilot. He said the launches have built a pipeline of AI-related revenue opportunities heading into fiscal 2027 and that the company's cash position supports continued investment in internal tools and potential strategic M&A.