Research Solutions, Inc. (RSSS) Cash Flow Statement
Where RSSS’s cash came from and went, FY2026
June 30, 2026 · U.S. dollars- Cash from operations
- $5.3M −24.9% vs FY2025
- Capital expenditures
- $39,771 0.1% of revenue
- Free cash flow
- $5.2M 10.8% margin
- Returned to shareholders
- $53,039 1% of free cash flow
- Change in cash
- $402,971 cash at year-end $12.6M
Drawn to scale: where the cash came from and how it was used. Hover for values.
RSSS operating cash flow, capex and free cash flow
RSSS cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$436,842FY2017 | $5.3MFY2026 | — | |
| Capital expenditures | $73,652FY2017 | $39,771FY2026 | −6.6%/yr | |
| Free cash flow | −$510,494FY2017 | $5.2MFY2026 | — | |
| Free cash flow margin | −2.0%FY2017 | 10.8%FY2026 | +12.8 pts | |
| Operating cash flow / net income | 5.92FY2023 | 1.87FY2026 | −4.05 | |
| Stock-based compensation | $630,163FY2017 | $2.2MFY2024 | +19.2%/yr | |
| Share buybacks (net) | $199,328FY2017 | $53,039FY2026 | −13.7%/yr | |
| Capex / revenue | 0.3%FY2017 | 0.1%FY2026 | −0.2 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RSSS cash flow by activity
RSSS net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
RSSS cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $2.8M | $1.3M | −$3.8M | $571,623 | −$1.6M | −$285,089 | −$779,687 | −$959,958 | −$1.7M | −$2.3M |
| Depreciation & amortization | $1.3M | $1.2M | $836,271 | $52,649 | $17,651 | $83,853 | $143,568 | $153,895 | $262,990 | $178,799 |
| Stock-based compensation | — | — | $2.2M | $1.9M | $1.1M | $1.0M | $951,595 | $827,172 | $790,237 | $630,163 |
| Change in working capital | −$771,430 | $1.0M | $1.1M | $841,396 | $169,422 | $1.1M | $2.1M | $770,074 | $277,195 | $1.3M |
| Other non-cash items | $2.0M | $3.5M | $3.2M | $0 | −$68,273 | $0 | $0 | −$214,737 | −$256,995 | −$241,198 |
| Cash from operating activities | $5.3M | $7.0M | $3.6M | $3.4M | −$417,200 | $1.9M | $2.4M | $576,446 | −$605,314 | −$436,842 |
| Investing activities | ||||||||||
| Capital expenditures | −$39,771 | −$19,266 | −$71,510 | −$47,207 | −$44,288 | −$19,854 | −$5 | −$15,828 | −$86,736 | −$73,652 |
| Investments (net) | — | −$19,261 | −$10.1M | −$344,659 | −$44,288 | −$19,854 | −$6,721 | −$15,828 | −$86,736 | $361,348 |
| Acquisitions & other investing | $0 | $19,266 | $71,510 | $47,207 | $44,288 | $19,854 | −$13,128 | $15,828 | $86,736 | $73,652 |
| Cash from investing activities | −$39,771 | −$19,261 | −$10.1M | −$344,659 | −$44,288 | −$19,854 | −$19,854 | −$15,828 | −$86,736 | $361,348 |
| Financing activities | ||||||||||
| Share repurchases & issuance (net) | −$53,039 | −$934,577 | −$554,202 | −$104,250 | −$93,918 | −$178,012 | −$321,601 | −$200,023 | −$152,739 | −$199,328 |
| Net borrowing (repayment) | — | — | — | — | — | — | — | — | — | $463,022 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$4.8M | $56,693 | −$351,649 | $6,991 | $157,188 | $18,038 | $1.9M | $100,000 | $0 | −$463,022 |
| Cash from financing activities | −$4.8M | −$877,884 | −$905,851 | −$97,259 | $63,270 | −$159,974 | $1.6M | −$100,023 | −$152,739 | −$199,328 |
| Summary | ||||||||||
| Net change in cash | $402,971 | $6.1M | −$7.4M | $2.9M | −$401,162 | $1.7M | $4.0M | $444,910 | −$865,770 | −$302,925 |
| Cash at end of period | $12.6M | $12.2M | $6.1M | $13.5M | $10.6M | $11.0M | $9.3M | $5.4M | $4.9M | $5.8M |
| Free cash flow | $5.2M | $7.0M | $3.5M | $3.3M | −$461,488 | $1.8M | $2.4M | $560,618 | −$692,050 | −$510,494 |
| Free cash flow margin | 10.8% | 14.3% | 7.8% | 8.8% | −1.4% | 5.8% | 7.8% | 1.9% | −2.5% | −2.0% |
| Capex / revenue | 0.1% | 0.0% | 0.2% | 0.1% | 0.1% | 0.1% | 0.0% | 0.1% | 0.3% | 0.3% |
| Operating cash flow / net income | 1.87 | 5.55 | — | 5.92 | — | — | — | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $665,556 | $860,206 | $546,919 | $749,387 | $2.4M | $216,470 | −$2.0M | $669,004 | −$2.8M | $76,301 | −$53,628 | −$988,043 |
| Depreciation & amortization | $310,080 | $312,402 | $316,425 | $316,066 | $315,021 | $312,013 | $306,233 | $312,095 | $311,004 | $309,898 | $155,749 | $59,620 |
| Stock-based compensation | — | — | — | — | — | — | — | — | $426,190 | $541,002 | $596,455 | $591,814 |
| Change in working capital | $348,494 | −$659,769 | $28,627 | −$488,782 | $471,240 | $1.4M | −$238,833 | −$555,969 | $539,838 | $1.1M | −$101,661 | −$418,962 |
| Other non-cash items | $451,141 | $495,134 | $492,086 | $530,448 | −$887,659 | $1.0M | $2.9M | $417,989 | $3.5M | −$55 | −$268,232 | $0 |
| Cash from operating activities | $1.8M | $1.0M | $1.4M | $1.1M | $2.3M | $2.9M | $1.0M | $843,119 | $2.0M | $2.0M | $328,683 | −$755,571 |
| Investing activities | ||||||||||||
| Capital expenditures | −$11,162 | −$4,048 | −$7,022 | −$17,539 | −$7,695 | −$6,167 | −$5,404 | −$1 | −$13,749 | −$1,998 | −$21,938 | −$33,825 |
| Investments (net) | — | — | — | −$17,539 | −$7,690 | −$6,167 | −$5,404 | $0 | −$13,749 | −$1,998 | −$7.3M | −$2.8M |
| Acquisitions & other investing | $0 | $0 | $0 | $17,539 | $7,695 | $6,167 | $5,404 | — | $13,749 | $1,998 | $21,938 | $33,825 |
| Cash from investing activities | −$11,162 | −$4,048 | −$7,022 | −$17,539 | −$7,690 | −$6,167 | −$5,404 | — | −$13,749 | −$1,998 | −$7.3M | −$2.8M |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | −$5,654 | −$7,836 | −$16,162 | −$23,387 | −$26,184 | −$703,115 | −$189,159 | −$16,119 | −$32,178 | −$453,276 | −$22,613 | −$46,135 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$1.2M | −$1.2M | −$1.1M | −$1.3M | $147,867 | −$28,614 | −$62,560 | $0 | −$36,689 | −$36,765 | −$168,005 | −$110,190 |
| Cash from financing activities | −$1.2M | −$1.2M | −$1.1M | −$1.4M | $121,683 | −$731,729 | −$251,719 | −$16,119 | −$68,867 | −$490,041 | −$190,618 | −$156,325 |
| Summary | ||||||||||||
| Net change in cash | $579,887 | −$212,384 | $307,017 | −$271,549 | $2.4M | $2.2M | $776,382 | $824,742 | $1.9M | $1.5M | −$7.2M | −$3.7M |
| Cash at end of period | $12.6M | $12.1M | $12.3M | $12.0M | $12.2M | $9.9M | $7.7M | $6.9M | $6.1M | $4.2M | $2.7M | $9.9M |
| Free cash flow | $1.8M | $1.0M | $1.4M | $1.1M | $2.3M | $2.9M | $1.0M | $843,120 | $1.9M | $2.0M | $306,745 | −$789,396 |
| Free cash flow margin | 14.6% | 8.3% | 11.7% | 8.8% | 18.1% | 22.8% | 8.6% | 7.0% | 16.0% | 16.6% | 3.0% | −7.8% |
| Capex / revenue | 0.1% | 0.0% | 0.1% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.2% | 0.3% |
| Operating cash flow / net income | 2.67 | 1.17 | 2.53 | 1.48 | 0.96 | 13.36 | — | 1.26 | — | 26.43 | — | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
RSSS cash generation
In fiscal 2026 (ended June 30, 2026), Research Solutions generated $5.3 million of cash from operations (down 24.9%) and spent $0.0 million on capital expenditures, leaving free cash flow of $5.2 million, 10.8% of revenue. It returned $0.1 million to shareholders through dividends ($0) and net share buybacks ($0.1 million). Cash and equivalents rose by $0.4 million over the year.
Related: RSSS income statement, RSSS balance sheet. See the RSSS stock overview for the latest quote and news.
RSSS cash flow FAQ
What is Research Solutions's free cash flow?
Research Solutions's free cash flow was $5.2 million in fiscal 2026: $5.3 million of operating cash flow minus $0.0 million of capital expenditures It was $7.0 million a year earlier..
How much cash does Research Solutions generate from operations?
Research Solutions generated $5.3 million of cash from operating activities in fiscal 2026, 1.87 times its net income of $2.8 million.
How much does Research Solutions spend on capital expenditures?
Research Solutions spent $0.0 million on capital expenditures in fiscal 2026, 0.1% of revenue, compared with $0.0 million the year before.
How much stock does Research Solutions buy back?
Research Solutions spent $0.1 million on net share repurchases in fiscal 2026.