Estados financieros detallados de Research Solutions, Inc. (RSSS): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Research Solutions, Inc. registró ingresos de $48.3M en el último ejercicio fiscal, con un CAGR de 5 años del 8.8%.
Márgenes de los últimos 12 meses: margen bruto 50.1%, margen operativo 8.0%, margen neto 9.3%. El flujo de caja libre creció a un CAGR del 23.1% en 5 años.
Al precio actual de $2.06, RSSS cotiza a un P/E de 14.29 y un ROE del 27.45%. La capitalización bursátil es de $69M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $25.7M | $28.0M | $28.8M | $31.1M | $31.8M | $32.9M | $37.7M | $44.6M | $49.1M | $48.3M |
| Coste de Ventas | $19.6M | $20.7M | $20.5M | $21.4M | $21.5M | $20.9M | $23.0M | $25.0M | $24.9M | $23.2M |
| Beneficio Bruto | $6.1M | $7.3M | $8.3M | $9.6M | $10.3M | $12.0M | $14.7M | $19.6M | $24.2M | $25.1M |
| I+D | $1.5M | $1.8M | $2.1M | $2.1M | $2.6M | $3.7M | $3.7M | $5.4M | $5.6M | 0 |
| Generales y Administrativos | $9.0M | $7.4M | $7.4M | $8.3M | $7.9M | $9.8M | $10.8M | $14.1M | $15.0M | $20.2M |
| Gastos Operativos | $9.2M | $9.3M | $9.6M | $10.5M | $10.6M | $13.7M | $14.5M | $20.4M | $21.7M | $21.5M |
| Beneficio Operativo | -$3.1M | -$2.0M | -$1.3M | -$851895 | -$283032 | -$1.6M | $238608 | -$769543 | $2.5M | $3.6M |
| EBITDA | -$2.9M | -$1.6M | -$1.1M | -$688798 | -$235139 | -$1.5M | $169304 | $88123 | $3.5M | $4.9M |
| Gastos por Intereses | $12000 | $4000 | 0 | 0 | 0 | $136744 | 0 | 0 | 0 | $1.0M |
| Beneficio Antes de Impuestos | -$3.1M | -$1.9M | -$1.1M | -$771851 | -$281885 | -$1.6M | $577225 | -$3.7M | $1.3M | $3.0M |
| Impuestos | $35495 | $39779 | $27040 | $7836 | $3204 | $7622 | $5602 | $113071 | $82811 | $133042 |
| Beneficio Neto | -$2.3M | -$1.7M | -$1.2M | -$662242 | -$285089 | -$1.6M | $571623 | -$3.8M | $1.3M | $2.8M |
| BPA | $-0.10 | $-0.07 | $-0.05 | $-0.03 | $-0.01 | $-0.06 | $0.02 | $-0.13 | $0.04 | $0.09 |
| BPA Diluido | $-0.10 | $-0.07 | $-0.05 | $-0.03 | $-0.01 | $-0.06 | $0.02 | $-0.13 | $0.04 | $0.09 |
| Acciones en Circulación (Diluidas) | $23.2M | $23.5M | $23.8M | $24.8M | $26.0M | $26.4M | $29.1M | $28.9M | $30.7M | $31.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $12.3M | $11.8M | $12.1M | $12.1M |
| Beneficio Bruto | $6.2M | $6.2M | $6.0M | $6.4M |
| Beneficio Operativo | $961671 | $739350 | $1.1M | $884543 |
| EBITDA | $1.1M | $1.1M | $1.4M | $1.3M |
| Beneficio Neto | $749387 | $546919 | $860206 | $665556 |
| BPA | $0.02 | $0.02 | $0.03 | $0.02 |
| BPA Diluido | $0.02 | $0.02 | $0.03 | $0.02 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $5.8M | $4.9M | $5.4M | $9.3M | $11.0M | $10.6M | $13.5M | $6.1M | $12.2M | $12.6M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $5.5M | $4.3M | $4.5M | $4.4M | $4.7M | $5.3M | $6.2M | $6.9M | $7.2M | $7.0M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | $1.2M | 0 | 0 | 0 |
| Activos Corrientes | $12.0M | $9.6M | $10.2M | $14.7M | $16.9M | $17.0M | $21.3M | $14.7M | $20.0M | $20.7M |
| Inmovilizado Material | $503654 | $366367 | $229073 | $83607 | $20755 | $47985 | $70193 | $88011 | $60769 | $58671 |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $16.3M | $16.4M | $16.4M |
| Activos Intangibles | $41870 | 0 | 0 | 0 | 0 | 0 | $462068 | $10.8M | $9.7M | $8.5M |
| Activos Totales | $12.6M | $10.0M | $10.4M | $14.8M | $16.9M | $17.0M | $21.8M | $41.9M | $46.1M | $45.7M |
| Cuentas por Pagar | -$110888 | -$119786 | $4.9M | $6.3M | $6.7M | $6.6M | $8.1M | $8.8M | $7.4M | $6.1M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $7.9M | $6.5M | $7.3M | $10.0M | $11.5M | $12.1M | $14.5M | $17.9M | $25.5M | $24.9M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $8.2M | $6.7M | $7.4M | $10.0M | $11.5M | $12.1M | $14.5M | $30.2M | $32.2M | $25.0M |
| Reservas | -$17.9M | -$19.6M | -$20.5M | -$21.2M | -$21.5M | -$23.1M | -$22.5M | -$26.3M | -$25.0M | -$22.2M |
| Patrimonio Neto | $4.3M | $3.3M | $3.0M | $4.9M | $5.4M | $4.9M | $7.3M | $11.7M | $13.9M | $20.7M |
| Deuda Total | $439187 | $328299 | $208513 | $79326 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda Neta | -$5.3M | -$4.6M | -$5.1M | -$9.2M | -$11.0M | -$10.6M | -$13.5M | -$6.1M | -$12.2M | -$12.6M |
| Capital Circulante | $4.1M | $3.1M | $2.9M | $4.8M | $5.4M | $4.8M | $6.8M | -$3.2M | -$5.5M | -$4.2M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $12.0M | $12.3M | $12.1M | $12.6M |
| Activos Totales | $45.5M | $44.2M | $45.9M | $45.7M |
| Pasivos Totales | $29.9M | $27.0M | $26.9M | $25.0M |
| Patrimonio Neto | $15.6M | $17.2M | $19.1M | $20.7M |
| Deuda Total | 0 | 0 | 0 | 0 |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | -$2.3M | -$1.7M | -$959958 | -$779687 | -$285089 | -$1.6M | $571623 | -$3.8M | $1.3M | $2.8M |
| Amortizaciones | $178799 | $262990 | $153895 | $143568 | $83853 | $17651 | $52649 | $836271 | $1.2M | $1.3M |
| Compensación en Acciones | $630163 | $790237 | $827172 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cambio en Capital Circulante | $1.3M | $277195 | $770074 | $2.1M | $1.1M | $169422 | $841396 | $1.1M | $1.0M | -$771430 |
| Flujo de Caja Operativo | -$436842 | -$605314 | $576446 | $2.4M | $1.9M | -$417200 | $3.4M | $3.6M | $7.0M | $5.3M |
| Inversiones (CapEx) | -$73652 | -$86736 | -$15828 | -$5 | -$19854 | -$44288 | -$47207 | -$71510 | -$19266 | -$39771 |
| Adquisiciones | $435000 | 0 | 0 | 0 | 0 | 0 | 0 | -$10.0M | 0 | 0 |
| Recompra de Acciones | -$199328 | -$152739 | -$200023 | -$321601 | -$178012 | -$93918 | -$104250 | -$554202 | -$934577 | -$53039 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$510494 | -$692050 | $560618 | $2.4M | $1.8M | -$461488 | $3.3M | $3.5M | $7.0M | $5.2M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $1.1M | $1.4M | $1.0M | $1.8M |
| Inversiones (CapEx) | -$17539 | -$7022 | -$4048 | -$11162 |
| Flujo de Caja Libre | $1.1M | $1.4M | $1.0M | $1.8M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +8.8% | +2.8% | +7.9% | +2.2% | +3.7% | +14.5% | +18.4% | +9.9% | -1.5% |
| Crecimiento Beneficio Neto (anual) | | +26.8% | +30.0% | +43.6% | +57.0% | -472.6% | +135.0% | -762.4% | +133.4% | +123.0% |
| Crecimiento BPA (anual) | | +27.6% | +31.0% | +36.1% | +65.1% | -461.8% | +134.5% | -710.3% | +131.7% | +115.5% |
| Cambio en Acciones (anual) | | +1.0% | +1.5% | +4.0% | +5.0% | +1.6% | +10.3% | -0.9% | +6.3% | +3.6% |
| Crecimiento FCF (anual) | | -35.6% | +181.0% | +331.4% | -23.6% | -125.0% | +823.0% | +4.3% | +101.3% | -25.3% |
| Margen Bruto | 23.7% | 26.2% | 29.0% | 31.0% | 32.4% | 36.5% | 39.0% | 44.0% | 49.3% | 51.9% |
| Margen Operativo | -12.0% | -7.0% | -4.4% | -2.7% | -0.9% | -5.0% | 0.6% | -1.7% | 5.1% | 7.5% |
| Margen EBITDA | -11.4% | -5.8% | -3.7% | -2.2% | -0.7% | -4.5% | 0.4% | 0.2% | 7.2% | 10.1% |
| Margen Neto | -8.9% | -6.0% | -4.1% | -2.1% | -0.9% | -5.0% | 1.5% | -8.5% | 2.6% | 5.8% |
| Margen FCF | -2.0% | -2.5% | 1.9% | 7.8% | 5.8% | -1.4% | 8.8% | 7.8% | 14.3% | 10.8% |
| Tasa Impositiva Efectiva | -1.2% | -2.1% | -2.4% | -1.0% | -1.1% | -0.5% | 1.0% | -3.1% | 6.1% | 4.5% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $-0.02 | $-0.03 | $0.02 | $0.10 | $0.07 | $-0.02 | $0.11 | $0.12 | $0.23 | $0.16 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $23.2M | $23.5M | $23.8M | $24.8M | $26.0M | $26.4M | $26.9M | $28.9M | $30.7M | $31.8M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | 27.45% |
| Rentabilidad sobre capital invertido | 18.37% |
| Rentabilidad sobre activos | 9.83% |
| Margen bruto | 50.10% |
| Margen operativo | 7.97% |
| Margen neto | 9.28% |
Salud financiera
| Deuda / Patrimonio | 0.00 |
| Ratio corriente | 0.82 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -10.03 | -27.27 | -56.80 | -75.24 | -260.00 | -28.80 | 95.77 | -19.92 | 69.66 | 26.13 |
| P/VC | 5.30 | 13.96 | 22.00 | 12.08 | 13.71 | 9.63 | 7.48 | 6.39 | 6.32 | 3.56 |
| P/V | 0.89 | 1.63 | 2.32 | 1.89 | 2.34 | 1.43 | 1.45 | 1.68 | 1.79 | 1.53 |
| Margen Bruto | 23.7% | 26.2% | 29.0% | 31.0% | 32.4% | 36.5% | 39.0% | 44.0% | 49.3% | 51.9% |
| Margen Operativo | -12.0% | -7.0% | -4.4% | -2.7% | -0.9% | -5.0% | 0.6% | -1.7% | 5.1% | 7.5% |
| Margen Neto | -8.9% | -6.0% | -4.1% | -2.1% | -0.9% | -5.0% | 1.5% | -8.5% | 2.6% | 5.8% |