Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026


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Research Solutions, Inc.RSSS · other
GradeSlothDfourth fifth of 336 graded peers; percentile 66.6, sampling error 2.6 points; lower is stronger
Rank224 of 336
ProfitabilityCpercentile 48.4
SolvencyDpercentile 68.8
Growth and financingCpercentile 43.4
Reliability0.83 AUCfailure model, filers with $12.5M to $120M assets; 95% interval 0.79 to 0.86; 201 events, 2020 to 2025
Peer failure rate1.07% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size band$12.5M to $120M assetstotal assets $45.7M[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsnone activenot computable: distress, fortress balance sheet
Inputs computable10 of 14
Graded fromfilings received through Sep 11, 202628 days before the rescan; every figure keyed to the SEC receipt date
Last close$2.042026-10-06; market equity $68.9M; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$2$3NovDecJanFebMarAprMayJunJulAugSepOctDC/DD$2.03
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Oct 21, 2012nonen/aQ1
Sep 21, 2017nonen/aQ2
Sep 21, 2018nonen/aQ1
Oct 21, 2020nonen/aQ2
Oct 21, 2022C48.4Q2
Sep 21, 2023B29.3Q2
Apr 21, 2024A/B18.8Q2
Aug 21, 2024A17.0Q2
Sep 21, 2024C/D58.5Q2
Mar 21, 2025C52.7Q2
Sep 21, 2025D65.2Q2
Jul 21, 2026C/D62.3Q2
Sep 26, 2026D66.5Q2

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Sep 11, 2026; the document on sec.gov.

Research Solutions was incorporated in the State of Nevada on November 2, 2006, and is a publicly traded holding company with five wholly owned subsidiaries as of June 30, 2026: Reprints Desk, Inc., a Delaware corporation, including its wholly owned subsidiary Resolute Innovation, Inc., a Delaware corporation, Scite, LLC, a Delaware limited liability company, Reprints Desk Latin America S. de R.L. de C.V., an entity organized under the laws of Mexico, and RESSOL LA, S. DE R.L. DE C.V., an entity organized under the laws of Mexico.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 48.4
Gross profitability54.9%[1,3]27.1%16.02892026-06-30
Return on invested capitalnot computable10.0%
one or more required annual facts are missing
Accruals ratio(5.3%)[1,4-6](5.9%)52.35062026-06-30
Gross margin stability, five years5.9 pts[2-3,7-14]2.2 pts76.82042026-06-30
Solvency, sleeve percentile 68.8
Twelve-month failure probabilitynot computable0.04%
latest liabilities, cash plus short-term investments, book equity, and shares are required
Altman Z double-prime(0.80)[1,15-20]2.0564.23862026-06-30
Net debt to EBITDAnot computable2.52x
one or more required annual facts are missing
Interest coveragenot computable2.18x
interest expense must exceed $100,000
Current ratio0.83x[15-16]1.32x73.55062026-06-30
Growth and financing, sleeve percentile 43.4
Revenue growth, three-year compound8.6%[2,8,10,12]5.1%35.34032026-06-30
Free cash flow growth, three-year compound16.2%[5,21-27]8.7%38.82202026-06-30
Reinvestment rate1.4%[15-16,18,21,28-32]11.9%58.21902026-06-30
Asset growth, three years27.9%[1,6,33-34]4.1%9.64382026-06-30
Net share issuance, one year2.8%[35-36](0.4%)74.93562026-09-04

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.083; sampling error 2.6 percentile points on 336 peers.

Among 336 Peers [top]

ABCDESCCO, Southern Copper; A, percentile 8.7; market equity $165.7BSCCOPWR, Quanta Services, Inc.; B, percentile 32.2; market equity $103.0BPWRNFLX, Netflix Inc.; B, percentile 35.5; market equity $298.0BNFLXUBER, Uber Technologies, Inc.; C, percentile 44.8; market equity $143.5BUBERUNP, Union Pacific Corp.; C, percentile 53.7; market equity $165.3BUNPDIS, Walt Disney Co.; D, percentile 64.2; market equity $184.8BDISRSSS 66.6strongerweaker

Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.

RankCompanyPercentileLetterWarnings
219Custom Truck One Source, Inc. (CTOS)

Custom Truck One Source, Inc. (CTOS)

Dfourth fifth; percentile 65.1

NYSE · Services-Equipment Rental & Leasing, NEC

market equity $2.1B; last close $9.37

No active warnings; 8 of 14 inputs

65.1D
220Knight-Swift Transportation Holdings Inc. (KNX)

Knight-Swift Transportation Holdings Inc. (KNX)

Dfourth fifth; percentile 65.4

NYSE · Trucking (No Local)

market equity $10.6B; last close $65.06

No active warnings; 8 of 14 inputs

65.4D
221Bally's Corp. (BALY)

Bally's Corp. (BALY)

Dfourth fifth; percentile 65.7

NYSE · Hotels & Motels

market equity $705.1M; last close $14.02

Warnings: late filer; 7 of 14 inputs

65.7Dlate filer
222Conduent Inc. (CNDT)

Conduent Inc. (CNDT)

Dfourth fifth; percentile 66.0

Nasdaq · Services-Business Services, NEC

market equity $244.2M; last close $1.56

No active warnings; 7 of 14 inputs

66.0D
223Quest Resource Holding Corp. (QRHC)

Quest Resource Holding Corp. (QRHC)

Dfourth fifth; percentile 66.3

Nasdaq · Refuse Systems

market equity $29.3M; last close $1.38

No active warnings; 9 of 14 inputs

66.3D
224Research Solutions, Inc. (RSSS)

Research Solutions, Inc. (RSSS)

Dfourth fifth; percentile 66.6

Nasdaq · Services-Business Services, NEC

market equity $68.5M; last close $2.04

No active warnings; 10 of 14 inputs

66.6D
225Nerdy Inc. (NRDY)

Nerdy Inc. (NRDY)

Dfourth fifth; percentile 66.9

NYSE · Services-Educational Services

last close $6.88

No active warnings; 7 of 14 inputs

66.9D
226Civeo Corp. (CVEO)

Civeo Corp. (CVEO)

Dfourth fifth; percentile 67.2

NYSE · Hotels, Rooming Houses, Camps & Other Lodging Places

market equity $329.7M; last close $31.77

No active warnings; 8 of 14 inputs

67.2D
227Fiserv Inc. (FISV)

Fiserv Inc. (FISV)

Dfourth fifth; percentile 67.5

Nasdaq · Services-Business Services, NEC

market equity $24.4B; last close $45.94

No active warnings; 10 of 14 inputs

67.5D
228Lindblad Expeditions Holdings, Inc. (LIND)

Lindblad Expeditions Holdings, Inc. (LIND)

Dfourth fifth; percentile 67.8

Nasdaq · Transportation Services

market equity $2.3B; last close $35.55

No active warnings; 9 of 14 inputs

67.8D
229Pursuit Attractions & Hospitality, Inc. (PRSU)

Pursuit Attractions & Hospitality, Inc. (PRSU)

Dfourth fifth; percentile 68.1

NYSE · Services-Miscellaneous Amusement & Recreation

market equity $1.4B; last close $52.10

No active warnings; 7 of 14 inputs

68.1D
Peer policyLetterPercentilePeers
all graded filers, equal sleevesD67.22204
sector peers, equal sleeves (the grade)D66.6336
same exchange, equal sleevesD64.81219
sector peers, equal inputsC/D58.8336

Each letter is one fifth of the 336 graded peers, about 67 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.

What the Price Implies [top]

Market measures at the 2026-10-06 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month(39.7%)2.0%15hotter than 15 of 100 peers
Distance from 52-week high(42.7%)(26.8%)28closer to its high than 28 of 100 peers
EBIT to enterprise valuenot computable4.4%required accounting or market input is missing
Free cash flow yield7.6%4.1%74pricier than 26 of 100 peers
Book value to price0.300.3445pricier than 55 of 100 peers
Sales to price0.700.7050pricier than 50 of 100 peers
Composite equity issuance, five years23.8%(8.8%)84more equity-funded than 84 of 100 peers
Relative strength against the sector, log excess return(0.65)(0.13)15ahead of 15 of 100 peers

Inputs: market equity $68.5M; EBIT $3.6M; free cash flow $5.2M; book equity $20.7M; sales $48.3M; cash $12.6M[35].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2026-06-30
Return on assets above zero6.1%✓ pass[4,6]
Operating cash flow above zero$5.3M✓ pass[5]
Return on assets improved3.1 pts✓ pass[4,6,33,37]
Operating cash flow exceeds net income$2.5M✓ pass[4-5]
Long-term leverage felln/a[1,6,33]
Current ratio improved4.6 pts✓ pass[15-16,31-32]
No new shares issued2.8%✗ fail[35-36]
Gross margin improved2.6 pts✓ pass[2-3,7-8]
Asset turnover improved(12.5 pts)✗ fail[2,6,8,33]
Cash, filings, liquidity
Cash and equivalents$12.6M[38]
Operating cash flow, four quarters$5.3M[5,38-41]
Months of runwaynot finite
trailing operating cash flow is nonnegative, so runway is not finite
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing28
10-K received Sep 11, 2026
Median daily dollar volume$60,264
63 sessions
Days since newest grade input28

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$45.7M2026-06-302026-09-1110-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$48.3M2026-06-302026-09-1110-Kfiling · viewer · series
3gross profitus-gaap:GrossProfit$25.1M2026-06-302026-09-1110-Kfiling · viewer · series
4net incomeus-gaap:NetIncomeLoss$2.8M2026-06-302026-09-1110-Kfiling · viewer · series
5operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$5.3M2026-06-302026-09-1110-Kfiling · viewer · series
6assetsus-gaap:Assets$46.1M2025-06-302026-09-1110-Kfiling · viewer · series
7gross profitus-gaap:GrossProfit$24.2M2025-06-302026-09-1110-Kfiling · viewer · series
8revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$49.1M2025-06-302026-09-1110-Kfiling · viewer · series
9gross profitus-gaap:GrossProfit$19.6M2024-06-302025-09-1910-Kfiling · viewer · series
10revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$44.6M2024-06-302025-09-1910-Kfiling · viewer · series
11gross profitus-gaap:GrossProfit$14.7M2023-06-302024-09-2010-Kfiling · viewer · series
12revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$37.7M2023-06-302024-09-2010-Kfiling · viewer · series
13gross profitus-gaap:GrossProfit$12.0M2022-06-302023-09-1510-Kfiling · viewer · series
14revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$32.9M2022-06-302023-09-1510-Kfiling · viewer · series
15current assetsus-gaap:AssetsCurrent$20.7M2026-06-302026-09-1110-Kfiling · viewer · series
16current liabilitiesus-gaap:LiabilitiesCurrent$24.9M2026-06-302026-09-1110-Kfiling · viewer · series
17retained earningsus-gaap:RetainedEarningsAccumulatedDeficit-$22.2M2026-06-302026-09-1110-Kfiling · viewer · series
18operating incomeus-gaap:OperatingIncomeLoss$3.6M2026-06-302026-09-1110-Kfiling · viewer · series
19book equityus-gaap:StockholdersEquity$20.7M2026-06-302026-09-1110-Kfiling · viewer · series
20liabilitiesus-gaap:Liabilities$25.0M2026-06-302026-09-1110-Kfiling · viewer · series
21capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$39,7712026-06-302026-09-1110-Kfiling · viewer · series
22operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$7.0M2025-06-302026-09-1110-Kfiling · viewer · series
23capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$19,2612025-06-302026-09-1110-Kfiling · viewer · series
24operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$3.6M2024-06-302025-09-1910-Kfiling · viewer · series
25capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$71,5102024-06-302025-09-1910-Kfiling · viewer · series
26operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$3.4M2023-06-302024-09-2010-Kfiling · viewer · series
27capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$47,2092023-06-302024-09-2010-Kfiling · viewer · series
28depreciation amortizationus-gaap:DepreciationDepletionAndAmortization$1.3M2026-06-302026-09-1110-Kfiling · viewer · series
29pretax incomeus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest$3.0M2026-06-302026-09-1110-Kfiling · viewer · series
30income taxus-gaap:IncomeTaxExpenseBenefit$133,0422026-06-302026-09-1110-Kfiling · viewer · series
31current assetsus-gaap:AssetsCurrent$20.0M2025-06-302026-09-1110-Kfiling · viewer · series
32current liabilitiesus-gaap:LiabilitiesCurrent$25.5M2025-06-302026-09-1110-Kfiling · viewer · series
33assetsus-gaap:Assets$41.9M2024-06-302025-09-1910-Kfiling · viewer · series
34assetsus-gaap:Assets$21.8M2023-06-302024-09-2010-Kfiling · viewer · series
35shares outstandingdei:EntityCommonStockSharesOutstanding33,762,6692026-09-042026-09-1110-Kfiling · viewer · series
36shares outstandingdei:EntityCommonStockSharesOutstanding32,828,1732025-09-122025-09-1910-Kfiling · viewer · series
37net incomeus-gaap:NetIncomeLoss$1.3M2025-06-302026-09-1110-Kfiling · viewer · series
38cashus-gaap:CashAndCashEquivalentsAtCarryingValue$12.6M2026-06-302026-09-1110-Kfiling · viewer · series
39operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$3.5M2026-03-312026-05-1510-Qfiling · viewer · series
40operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$2.5M2025-12-312026-02-1310-Qfiling · viewer · series
41operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$1.1M2025-09-302025-11-1410-Qfiling · viewer · series

Limitations [top]

Grade boundary. Percentile 66.6 is 6.6 points from the nearest band edge; sampling error is 2.6 points.

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.