Research Solutions, Inc. (NASDAQ: RSSS) announced that Chief Financial Officer and Secretary Bill Nurthen will step down effective December 10, 2025, and that Controller Dave Kutil, who has served the company since 2023, will assume the role of interim Chief Financial Officer and Secretary.
Nurthen has led RSSS’s finance function for four years, overseeing the transition to a higher‑margin platform business. Kutil brings more than 15 years of financial leadership, having served as Controller for Lesaffre’s North American subsidiary and as Director of Accounting at Badger Meter, and has been integral to the company’s recent financial reporting and controls.
In the fourth quarter of fiscal 2025, RSSS reported platform revenue that rose 21% year‑over‑year to $19.0 million, and annual recurring revenue grew 20% to $20.9 million. Gross margin expanded to 51% from 44% in the prior year, driven by the higher mix of subscription‑based platform contracts and improved operational leverage. Net income and adjusted EBITDA reached record levels for the year, underscoring the company’s successful shift toward recurring, high‑margin revenue streams.
The financial results illustrate the company’s strategic pivot to AI‑powered research workflow solutions. The 21% revenue growth and margin expansion reflect strong demand for the platform, while the record profitability signals effective cost control and pricing power in a competitive STM market. These metrics reinforce RSSS’s trajectory toward a sustainable, subscription‑driven business model.
CEO Roy Olivier expressed confidence in Kutil’s ability to maintain continuity and uphold the company’s long‑term financial vision. He noted that Kutil has worked closely with Nurthen and shares the organization’s strategic priorities, suggesting a smooth transition that preserves momentum in the platform growth strategy.
The CFO transition, coupled with the company’s robust Q4 performance, positions RSSS to continue scaling its AI platform while maintaining disciplined financial management. Management’s focus on margin expansion and recurring revenue growth signals confidence in the company’s competitive positioning and long‑term value creation.
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