Research Solutions reported record fiscal 2026 net income of $2.8 million, up 123% from $1.3 million, as growth in its subscription platform and increasing adoption of AI products improved the company’s revenue mix and margins.
Full-year revenue was $48.3 million, compared with $49.1 million in fiscal 2025. Platform subscription revenue increased 9.8% to $20.8 million, while transaction revenue declined to $27.5 million from $30.1 million.
Annual recurring revenue increased 7.8% to $22.5 million, including $16.2 million of B2B ARR, up 14.1%, and $6.3 million of B2C ARR. Adjusted EBITDA increased to a company-record $5.8 million from $5.3 million.
The shift toward higher-margin platform revenue helped total gross margin increase 260 basis points to 51.9%. Research Solutions ended the fiscal year with $12.6 million in cash and cash equivalents.
In the fourth quarter, revenue was $12.1 million, while gross margin increased 200 basis points to 53%. B2B ARR increased 14.1%, and AI-related ARR reached approximately $800,000 after growing 125% sequentially.
Research Solutions launched several AI products during the year, including Scite MCP and Article Galaxy MCP, which allow researchers to use the functionality of the company’s platforms directly within AI systems including ChatGPT, Claude and Copilot.
The company operates an AI-powered research workflow platform that combines scientific content discovery, full-text search, research assistance and access to open-access and paywalled scientific, technical and medical literature.
KEY QUOTE:
“We launched multiple products in fiscal 2026, including new AI based products. Two of the AI products, Scite MCP and Article Galaxy MCP, allow researchers to utilize the unique functionality of Scite and Article Galaxy inside ChatGPT, Claude, Copilot, and any AI tools researchers already use. This is part of our strategy to support our users where they work and has resulted in us building a large pipeline of AI related revenue opportunities in FY27.” said Roy W. Olivier, President and CEO of Research Solutions. “Platform revenue grew to 43% of total revenue, up from 39% in fiscal 2025. That mix shift expanded gross margin and helped us more than double net income for the full year in a challenging market. With a strong cash position and Adjusted EBITDA posture, we’re well-positioned to continue investing in internally developed tools and to pursue strategic M&A that complements our current offerings.”
Roy W. Olivier, President and CEO of Research Solutions
