RSSS delivered a robust top-line expansion in QQ1 2025, with total revenue rising 20% year over year to $12.0 million and platform revenue surging 67% to $4.3 million, underscoring the accelerating contribution of SaaS platforms to overall profitability. ARR climbed 60% year over year to $17.6 million, split roughly $12.2 million in B2B and $5.4 million in B2C, signaling a meaningful shift toward high‑margin subscription revenue. The blended gross margin improved to 47.9%, driven by a platform-dominant mix (platform margin is 87.4%) while transaction gross margin rose to 25.7%. Net income of $0.669 million and adjusted EBITDA of $1.3 million for the quarter reflect a business that is translating higher platform profitability into cash flow, with trailing twelve months adjusted EBITDA near $4 million and quarterly operating cash flow of $0.843 million. The balance sheet remains conservatively levered, with $6.9 million in cash and no long‑term debt or revolver borrowings. Management highlighted seasonality and execution as near‑term headwinds, particularly in B2C deployments and upsell productivity, but remains constructive on the longer‑term trajectory driven by the SaaS revenue mix shift, cross-sell opportunities from Syte and Article Galaxy, and a growing M&A pipeline. The company also signaled a renewed emphasis on sales discipline (new CRO) and AI-enabled product integrations, with a UC academic library win and ongoing efforts to broaden publishers’ TDM rights offerings. Near-term guidance suggests a modest sequential dip in adjusted EBITDA in Q2, with Q3 and Q4 expected to outperform as seasonality wanes and cross-sell activities mature.