Quarterly ResultMay 14, 2026, 04:29 PM
Research Solutions Q3 ARR +8.5% to $22.1M; Net Income $860K
AI Summary
Research Solutions, Inc. reported its fiscal third quarter 2026 results, with Annual Recurring Revenue (ARR) increasing 8.5% to $22.1 million. Net income surged 297% to $860,000, and Adjusted EBITDA grew 14% to $1.6 million. While total revenue saw a slight decline, the company highlighted growth in its higher-margin Platform segment and the introduction of new AI-based products.
Key Highlights
- Annual Recurring Revenue (ARR) increased 8.5% to $22.1 million.
- Net income rose 297% to $860,000, or $0.03 per diluted share.
- Adjusted EBITDA grew 14% to $1.6 million.
- Total revenue was $12.1 million, a 4.3% decrease year-over-year.
- Platform revenue increased 6.6% to $5.2 million, representing 43% of total revenue.
- Total gross margin improved 220 basis points to 51.7%.
- Cash flow from operations was $1.0 million.
- Added 15 net new deployments in the quarter, with 10% deployment growth.