Resaas Services (RSS) AI Stock Analysis

• Market Cap: C$37.22M
• Dividend Yield: N/A
• Average Volume (3M): 24.83K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.31
• Revenue Growth: 104.32%
• EPS Growth: 70.63%
• Country: CA
• Employees: 35
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.00
• Shares Outstanding: 80,037,000
• 10 Day Avg. Volume: 28,135
• 30 Day Avg. Volume: 24,828
• PEG Ratio: 0.35
• Price to Book (P/B): -24.05
• Price to Sales (P/S): 58.08
• P/FCF Ratio: -24.83
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: C$0.50 ▲(25.00% Upside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is held down primarily by weak financial fundamentals—persistent losses, negative operating/free cash flow, and a high-risk balance sheet with negative equity—despite a meaningful revenue rebound. Technicals are a relative positive with clear upward momentum (price above major moving averages and positive MACD), while valuation remains unattractive/unclear due to the negative P/E and no dividend support.

Positive Factors

Material revenue rebound

A 48% TTM revenue rebound indicates meaningful customer traction and improving product-market fit for a software application company. Durable top-line growth expands the addressable recurring revenue base, enabling operating leverage and higher long-term margin potential as fixed costs are amortized over larger sales volumes.

Narrowing losses and improving margins

A sharp improvement in net margin from severely negative toward less negative levels signals progress on cost control and unit economics. If sustained, this narrowing of losses reduces future financing needs, suggests operational improvements, and increases the likelihood of reaching sustainable profitability within a medium-term horizon.

Lean software operating model

A small headcount in a software application business suggests a capital-light, scalable cost structure. With modest fixed payroll overhead, incremental revenue growth can translate into faster margin expansion, enabling the company to scale without proportionate increases in operating expense, improving capital efficiency over time.

Negative Factors

Negative shareholders' equity

Negative equity reflects accumulated deficits and a thin capital cushion, elevating solvency and refinancing risk. This structural weakness reduces creditor and investor flexibility, limits the firm's ability to absorb shocks or pursue acquisitions, and may force dilutive financing to sustain operations over the coming months.

Debt large relative to assets

Debt materially exceeding tangible assets signals high leverage for a small software firm, increasing refinancing and interest-rate exposure. With limited asset backing, lenders may demand stricter terms and the company faces constrained financial flexibility to invest in growth without adding further risk or dilution.

Persistent negative operating and free cash flow

Ongoing negative operating and free cash flow means the business depends on external funding to sustain operations. Despite reduced burn versus prior years, deteriorating free cash flow trends and continued negative OCF create execution risk, raising the likelihood of future financing rounds that could dilute shareholders or constrain strategic options.

Resaas Services Business Overview & Revenue Model

Company Description

RESAAS Services Inc. engages in the development of web and mobile communications software for the real estate industry. The company offers a suite of tools, which integrate with the platform, including a global referral network, lead generation engine, listing management, client engagement modules, customer relationship management tools, analytics, file sharing, payment system, and advertising engine. Its solutions include RealTimeMLS, a real-time listing solution and communication platform designed for real estate associations and multiple listing services (MLSs); and BrokerOS, an online communication hub that ensures agents open, read, and respond to the emails and messages sent to them by users. It serves MLSs, franchises, and real estate brokerage and real estate agents in the real estate industry. The company was incorporated in 2009 and is based in Vancouver, Canada.

How the Company Makes Money

Resaas Services generates revenue primarily through subscription fees charged to real estate professionals and organizations for access to its platform. The company offers various tiered subscription plans that provide different levels of access to its services and features. Additionally, Resaas may earn money through partnerships with real estate associations and companies by offering customized solutions or integrations. Revenue can also be derived from advertising and promotional services offered within the platform, allowing third-party vendors to reach Resaas' user base.

Resaas Services Financial Statement Overview

Summary

Revenue rebounded strongly (TTM +48.02%) and losses/cash burn have narrowed versus prior periods, but profitability remains deeply negative (negative EBIT/EBITDA and net income across periods), operating/free cash flow are still negative (TTM -166k), and the balance sheet is strained with negative equity and debt large relative to assets.

Income Statement

TTM (Trailing-Twelve-Months) revenue rebounded strongly (+48.02%), and losses have narrowed materially versus prior years (TTM net margin about -46% vs. -313% in 2024). However, profitability remains deeply negative with negative EBIT/EBITDA and net income in every period provided, indicating the business has not yet reached a sustainable earnings level despite the recent top-line improvement.

Balance Sheet

The balance sheet is a key weakness: stockholders’ equity is negative in the most recent periods (TTM equity -896k; 2024 equity -864k), which signals accumulated deficits and limited financial cushion. Debt is sizable relative to the company’s scale (TTM debt 764k vs. assets 102k), and the negative equity base makes leverage ratios difficult to interpret in a traditional sense, elevating refinancing and solvency risk.

Cash Flow

Cash generation remains pressured: TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are both negative (-166k), though the cash burn is significantly lower than 2024 (-837k). Free cash flow has deteriorated versus the prior period (TTM free cash flow growth -52.28%), and ongoing negative operating cash flow suggests the company still relies on external funding to support operations.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	739.82K	358.01K	406.27K	374.43K	560.02K	656.77K
Gross Profit	735.71K	358.01K	406.27K	374.43K	560.02K	656.77K
EBITDA	-318.40K	-1.10M	-2.23M	-1.00M	-2.66M	-2.48M
Net Income	-337.36K	-1.12M	-2.26M	-1.19M	-2.83M	-2.78M
Balance Sheet
Total Assets	102.10K	68.86K	806.48K	400.49K	446.13K	669.01K
Cash, Cash Equivalents and Short-Term Investments	63.34K	14.69K	647.51K	240.35K	152.31K	130.07K
Total Debt	764.05K	694.00K	519.65K	335.89K	100.83K	51.28K
Total Liabilities	998.22K	933.36K	856.48K	833.78K	701.13K	701.25K
Stockholders Equity	-896.12K	-864.50K	-49.99K	-433.29K	-255.00K	-32.24K
Cash Flow
Free Cash Flow	-165.61K	-837.27K	-995.55K	-1.12M	-1.18M	-1.65M
Operating Cash Flow	-165.61K	-837.27K	-995.55K	-1.12M	-1.18M	-1.64M
Investing Cash Flow	0.00	0.00	0.00	-3.59K	-3.09K	61.37K
Financing Cash Flow	182.53K	186.71K	1.40M	1.21M	1.20M	1.36M

Resaas Services Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RSS, the sentiment is Positive. The current price of 0.4 is below the 20-day moving average (MA) of 0.48, below the 50-day MA of 0.44, and above the 200-day MA of 0.38, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.15 is Neutral, neither overbought nor oversold. The STOCH value of 20.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RSS.

Resaas Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTZ	75 Outperform	C$34.42M	13.84	27.13%	―	18.05%	22.83%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RW	57 Neutral	C$14.52M	58.20	446.71%	―	15.42%	―
RSS	50 Neutral	C$37.22M	-110.71	―	―	104.32%	70.63%
NTAR	46 Neutral	C$28.55M	-5.53	―	―	-59.22%	83.08%
LQWD	44 Neutral	C$31.86M	-3.69	-21.52%	―	782.42%	-63.88%
MAPS	44 Neutral	C$19.38M	-8.51	―	―	3.08%	59.01%

Resaas Services Corporate Events

Savills Taps RESAAS to Power New Global Residential Referral Platform

Savills has chosen RESAAS Services Inc. to power residential referrals across its new global referral platform, under a one-year agreement that renews automatically and provides RESAAS with setup and configuration fees, technology integration fees and a recurring monthly enterprise license fee. The mandate from Savills, a major international real estate firm, reinforces RESAAS’s positioning as a key technology provider in cross-border real estate referrals and data exchange, and is expected to deepen its enterprise footprint and recurring revenue base in the global property market.

The most recent analyst rating on (TSE:RSS) stock is a Hold with a C$0.44 price target. To see the full list of analyst forecasts on Resaas Services stock, see the TSE:RSS Stock Forecast page.

RESAAS Partners with SAP for Enhanced Real Estate Intelligence

RESAAS Services Inc. has announced a strategic partnership with SAP to integrate its real-time real estate data with SAP’s enterprise AI and business intelligence platforms. This collaboration allows multinational real estate firms to leverage advanced analytics, predictive modeling, and AI-driven decision-making by combining RESAAS’ data with SAP’s capabilities. The partnership is expected to enhance enterprise deployments, providing global real estate firms with unified, real-time insights into referral activities, transaction pipelines, and cross-border collaboration.

RESAAS Services Appoints New Auditor to Support U.S. Expansion

RESAAS Services Inc. has appointed Davidson & Company LLP as its new auditor, effective December 1, 2025, replacing Smythe LLP at the company’s request. This change aligns with RESAAS’s commitment to enhancing financial reporting standards and supporting its expanding U.S. strategy, as Davidson & Company is registered with the Public Company Accounting Oversight Board (PCAOB). This strategic move is expected to facilitate RESAAS’s compliance with U.S. securities regulations and bolster its growth in the U.S. real estate technology market.

RESAAS Achieves Cash-Flow Positivity with Record Q3 Revenue Growth

RESAAS Services Inc. reported its financial results for the third quarter of 2025, achieving cash-flow positivity and record revenue growth of 225% year-over-year. This marks the fourth consecutive quarter of revenue growth, driven by increased enterprise adoption and data partnerships. The company plans to expand its enterprise sales, launch RESAAS Pay, and grow its commercial data exchange into new markets, aiming to enhance its industry positioning and stakeholder value.

RESAAS Embraces New SR&ED Policy for Financial Growth

RESAAS Services Inc. has welcomed a significant policy change in Canada’s 2025 Federal Budget, which now allows publicly traded technology companies to receive refundable Scientific Research & Experimental Development (SR&ED) credits. This change, retroactive to January 1, 2025, will enable RESAAS to convert its technology development expenditures into non-dilutive, non-debt capital, thereby strengthening its financial position. The company expects this will support continued innovation and growth in its real estate data platform, marking a positive shift in its operational and financial strategy.