Reservoir Media, Inc. RSVR

Communication services SIC 7900 - Services-Amusement & Recreation Services NAICS Arts, Entertainment, and Recreation › Amusement, Gambling, and Recreation Industries › Other Amusement and Recreation Industries derived Nasdaq

Reservoir Media, Inc., together with its wholly-owned subsidiaries (the "Company", "we", "our", "us" and "Reservoir"), is one of the world's leading independent music companies. We operate a music publishing business, a recorded music business, and a management business.

We have two reportable segments—Music Publishing and Recorded Music. We represent copyrights and master recordings dating back as far as the early 1900s through today, with hundreds of #1 releases worldwide. Our growth has been partially based on Music Publishing and Recorded Music catalog acquisitions as well as a strategic expansion of our writer and artist rosters.

Our Music Publishing business contributed approximately $117 million to our revenues for the year ended March 31, 2026, representing approximately 66% of our revenues. The publishing catalog includes historic compositions written and performed by greats like Joni Mitchell, Miles Davis, The Isley Brothers, Sonny Rollins, and Louis Prima. We also represent contemporary writer-performers such as Snoop Dogg, Sheryl Crow, and Killer Mike. Our roster of active songwriters, including Ali Tamposi, Jamie Hartman, Oak Felder, and Steph Jones, has contributed to hit songs performed by the likes of Ariana Grande, Sabrina Carpenter, SZA, Dua Lipa and more.

Last close 9.57 2026-10-23
Market cap $631.0M 2026-06-30 share count
52-week range 7.07 - 13.39

Valuation FY2025 figures against the last close

P/S3.6x
P/E73.6x
P/FCF12.7x
EV/EBITDA27.6x
Dividend yield—
Diluted EPS0.13

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $175.7M$158.7M$144.9M$122.3M$107.8M$80.2M$62.5M
Cost of revenue $62.0M$57.4M$55.5M$48.0M$44.2M$32.9M$27.3M
Gross profit $113.7M$101.3M$89.4M$74.3M$63.7M$47.4M$35.2M
SG&A $44.7M$39.9M$39.8M$31.2M$25.3M$15.0M—
Total operating expenses $137.4M$123.6M$120.3M$101.2M$88.5M$61.9M$47.7M
Operating income $38.2M$35.1M$24.6M$21.1M$19.4M$18.3M$14.7M
Interest expense $26.5M$21.9M$21.1M$14.8M$10.9M$9.0M—
Pre-tax income $11.2M$9.9M$1.2M$8.4M$17.4M$11.4M$13.5M
Income tax $3.3M$2.1M$334.8K$5.6M$4.3M$2.1M$4.0M
Net income $7.8M$7.7M$644.9K$2.5M$13.1M$9.3M$9.5M
EPS, basic 0.130.120.010.040.230.210.25
EPS, diluted 0.130.120.010.040.220.210.25
Shares, diluted (wtd. avg.) 66.3M65.9M65.3M64.8M58.5M44.5M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $25.9M$21.4M$18.1M$14.9M$17.8M$9.2M$58.2M
Receivables $40.8M$37.8M$33.2M$31.3M$25.2M$15.8M—
Total current assets $92.5M$79.3M$70.9M$66.8M$59.4M$39.3M—
Property, plant and equipment $662.0K$406.8K$551.4K$568.3K$342.1K$321.8K—
Goodwill $402.1K$402.1K$402.1K$402.1K$402.1K$402.1K—
Other intangibles $788.7M$719.7M$640.2M$617.4M$571.4M$391.1M$284.4M
Total assets $949.7M$865.1M$783.5M$754.1M$684.3M$461.9M$395.8M
Accounts payable $4.1M$5.4M$9.0M$6.7M$4.4M$3.3M—
Short-term debt —————$1.0M—
Total current liabilities $65.5M$65.8M$60.4M$54.5M$41.1M$25.4M—
Long-term debt $455.7M$388.1M$330.8M$311.5M$269.9M$211.5M—
Total liabilities $571.1M$498.9M$429.0M$404.4M$336.8M$267.5M$225.3M
Retained earnings $31.5M$23.1M$15.4M$14.8M$12.2M-$863.1K-$10.1M
Total equity $377.7M$364.9M$354.5M$349.7M$347.5M$194.4M$169.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow $50.1M$45.3M$36.2M$31.2M$12.5M$14.7M$11.1M
Depreciation and amortisation $226.8K$226.2K$242.6K$180.1K$182.5K$222.4K—
Stock-based compensation $4.3M$4.4M$3.4M$3.2M$2.9M$102.7K—
Capital expenditure $482.0K$81.5K$225.7K$406.4K$202.8K$79.9K—
Investing cash flow -$104.3M-$96.7M-$50.6M-$72.2M-$196.8M-$118.6M-$107.0M
Financing cash flow $64.2M$54.5M$17.6M$38.5M$196.5M$47.2M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-078330.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 50M 100M 150M 200M Revenue, FY2019: 62.5M Gross profit, FY2019: 35.2M Net income, FY2019: 9.5M Revenue, FY2020: 80.2M Gross profit, FY2020: 47.4M Net income, FY2020: 9.3M Revenue, FY2021: 107.8M Gross profit, FY2021: 63.7M Net income, FY2021: 13.1M Revenue, FY2022: 122.3M Gross profit, FY2022: 74.3M Net income, FY2022: 2.5M Revenue, FY2023: 144.9M Gross profit, FY2023: 89.4M Net income, FY2023: 644.9K Revenue, FY2024: 158.7M Gross profit, FY2024: 101.3M Net income, FY2024: 7.7M Revenue, FY2025: 175.7M Gross profit, FY2025: 113.7M Net income, FY2025: 7.8M FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $62.5M $80.2M $107.8M $122.3M $144.9M $158.7M $175.7M
Gross profit $35.2M $47.4M $63.7M $74.3M $89.4M $101.3M $113.7M
Net income $9.5M $9.3M $13.1M $2.5M $644.9K $7.7M $7.8M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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