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Research Solutions cash flow, quarter by quarter

Latest: Q4 FY26 · from the cash-flow statements filed with the SEC

Free cash flow$1.8M in Q4 FY26

Operating cash flow$1.8M
Capital spending−$11K
Free cash flow+$1.8M
Cash / net income2.7×
Cash conversion cycle-48 days

Analysis

In Q4 FY26, Research Solutions generated $1.8M of operating cash flow and spent $11K on capital projects, leaving free cash flow of $1.8M. That is $487K less than in Q4 FY25 ($2.3M).

Operating cash flow was $1.8M against net income of $666K — 2.7× profit, cash ran ahead of reported earnings. The largest differences: receivables +$638K, payables −$538K, deferred revenue +$323K.

Its cash conversion cycle was -48 days (receivables 55 + inventory 0 − payables 103): suppliers fund its working capital.

Free cash flow

Research Solutions: free cash flow by quarterResearch Solutions: free cash flow by quarter$843KQ1 FY25$1.0MQ2 FY25$2.9MQ3 FY25$2.3MQ4 FY25$1.1MQ1 FY26$1.4MQ2 FY26$1.0MQ3 FY26$1.8MQ4 FY26
Operating cash flow less capital spending.
Research Solutions: operating cash flow against capital spendingResearch Solutions: operating cash flow against capital spendingOperating cash flowCapital spending$843K$0Q1 FY25$1.0M$0Q2 FY25$2.9M$6KQ3 FY25$2.3M$8KQ4 FY25$1.1M$18KQ1 FY26$1.4M$7KQ2 FY26$1.0M$4KQ3 FY26$1.8M$11KQ4 FY26
Latest (Q4 FY26): Operating cash flow $1.8M, Capital spending $11K.

Capital allocation, year by year

Research Solutions: where the cash came from (up) and went (down), by fiscal yearResearch Solutions: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedCapital spendingBuybacksFY22: Operating cash flow −$417KFY22: Shares issued $98KFY22: Capital spending −$44KFY22: Buybacks −$94K$98KFY22FY23: Operating cash flow $3.4MFY23: Shares issued $58KFY23: Capital spending −$47KFY23: Buybacks −$104K$3.4MFY23FY24: Operating cash flow $3.6MFY24: Capital spending −$72KFY24: Buybacks −$554K$3.6MFY24FY25: Operating cash flow $7.0MFY25: Shares issued $181KFY25: Capital spending −$19KFY25: Buybacks −$935K$7.2MFY25FY26: Operating cash flow $5.3MFY26: Shares issued $158KFY26: Capital spending −$40KFY26: Buybacks −$53K$5.4MFY26
Over these 5 years operating cash flow totalled $18.8M; the largest uses were buybacks ($1.7M) and operating cash flow ($417K). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$12.6M
Debtnone
Net cash$12.6M

Research Solutions funds itself: free cash flow was — over the last twelve months, with $12.6M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Research Solutions: sources (+) and uses (−) of cash, Q4 FY26Research Solutions: sources (+) and uses (−) of cash, Q4 FY26Operating cash flow$1.8MOther financing−$1.2MCash drawn (+) / kept (−)−$580KCapital spending−$11KBuybacks−$6KExchange rates$5K

From profit to cash

Research Solutions: net income to operating cash flow, Q4 FY26Research Solutions: net income to operating cash flow, Q4 FY26Net income$666KDepreciation & amortization$310KReceivables$638KPayables−$538KDeferred revenue$323KOperating cash flow$1.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q4 FY2655—103-48
Q3 FY2649—101-51
Q2 FY2649—115-66
Q1 FY2653—114-61
Q4 FY2554—119-65
Q3 FY2552—117-65
Q2 FY2552—124-72
Q1 FY2550—125-75

Every quarter

QuarterOperating cash flowCapital spendingBuybacksCash drawn (+) / kept (−)Free cash flow
Q4 FY26$1.8M−$11K−$6K−$580K$1.8M
Q3 FY26$1.0M−$4K−$8K$212K$1.0M
Q2 FY26$1.4M−$7K−$16K−$307K$1.4M
Q1 FY26$1.1M−$18K−$23K$272K$1.1M
Q4 FY25$2.3M−$8K−$26K−$2.4M$2.3M
Q3 FY25$2.9M−$6K−$703K−$2.2M$2.9M
Q2 FY25$1.0M—−$189K−$776K$1.0M
Q1 FY25$843K—−$16K−$825K$843K

Research Solutions: income statement and cash flow

Research Solutions, Q4 FY26: revenue $12.1M (-3% year over year), operating margin 7.0%. The chart follows the revenue to costs, profit and cash.

Research Solutions: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.