Rsupport알서포트

Rsupport's revenue is holding up near ₩47B-₩49B a year, but profit has slipped into losses over the latest half-year period.

Rsupport, a Korean remote-software company with most sales coming from overseas, especially Japan, reported trailing twelve-month revenue of ₩46.9B to H1 2026 but an operating loss of ₩0.4B and a net loss of ₩0.7B. The shares closed at ₩1,496 on 2026-10-20, down 46.8% over one year, with a market value of ₩79.7B.

What stands out

• Profitability has weakened sharply: operating margin went from 33.3% in 2021 and 15.7% in 2023 to 4.9% in 2025 and -0.8% on a trailing basis to H1 2026.
• Revenue has been broadly flat, at ₩48.8B in 2025 versus ₩52.5B in 2021, with 2025 growth of 2.8%.
• The balance sheet looks conservative in the data: cash of ₩14.7B against borrowings of ₩2.0B, and liabilities at 13.8% of equity.
• Trailing free cash flow was positive at ₩2.8B despite the reported losses.
• The share price sits near the lower part of its 52-week range (₩1,278 to ₩3,050). The DCF base-case fair value in the data is ₩756, below the current price, while the bull case is ₩1,259; these are model outputs, not forecasts.
• Foreign ownership eased slightly to 19.3% from 19.5% sixty days earlier, and retail investors were net sellers over the last 20 days.

What to watch

• The next half-year or quarterly filings, to see whether the operating loss persists or narrows.
• The filing titled 'Change in Revenue or Profit/Loss Structure of 30% or More' from March 2026 and its underlying reasons, which the data does not explain.
• The data shows no recent news headlines, so the reasons behind the 2026 swing to losses are not covered here; the company's Japan business and cloud subscription trends are the main areas to check.