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Reservoir Media, Inc. (RSVR) stock

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NASDAQ: RSVR Nasdaq Movies & Entertainment Next results ~November 4, 2026

C+ Fundamentals grade

Reservoir Media, Inc. is a US-listed company in the movies & entertainment industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$11

Cash-flow model

Base case. Range ~$6.7–$17 across our lower- and higher-growth cases (6.5%–16.5% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 13% below our base value.

Price used: $9.68, November 2, 2026

Reservoir Media, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds32 adding, 30 cuttingOf 12 active managers that changed their stake, 9 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Reservoir Media files

Where Reservoir Media stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $180m, up 11.4% on a year earlier, faster than the 10.7% growth a quarter earlier. Free-cash-flow margin fell to 23.4% from 26.4% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 1 of our 6 financial-health checks. Our cash-flow model value is $11.78 a share, against a share price of $9.58. At that price, our model says the market is pricing in about 9.2% a year of cash-flow growth for five years, close to the 10.8% a year revenue growth it has delivered.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Reservoir Media, Inc.'s trailing-twelve-month revenue grew 11.4% year on year, with a free-cash-flow margin of 23.4%. Where it stands out: operating margin of 21.2% ranks 2 of 24 movies & entertainment companies we cover. Where it lags: long-term debt as % of assets of 48.7% ranks 19 of 19 movies & entertainment companies we cover.

Our discounted-cash-flow model values the business at ~$11 per share in the base case (~$6.7–$17 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 1.1% while net income grew 16.2%: a 17pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Strong cash generation. 23.4% of revenue turned into free cash flow, against a median of 7.1% for movies & entertainment companies we cover.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • High debt. Long-term debt exceeds cash by $0.4bn, more than 1.5 times annual revenue.
  • High earnings multiple. The shares trade at 73 times the last 12 months' earnings, so expectations are demanding.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 48.7% ranks 19 of 19 movies & entertainment companies we cover (median 21.6%).
  • Below peers: days sales outstanding. Days sales outstanding of 87 days ranks 16 of 17 movies & entertainment companies we cover (median 35 days).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2027 Q1

Filed August 4, 2026
Earnings per share
$0.15 against an average estimate of $0.14: beat by 4.4%
Revenue
$41m, up 11.6% on a year earlier
Share reaction
+0.8% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Next report
November 4, 2026; average EPS estimate $0.19

Reservoir Media's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.7%
  • 1 week+1.3%
  • 1 month+1.7%
  • This year+27.9%
  • 1 year+27.4%
  • 5 years+0.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$180M
Operating margin
21.2%
Net margin
4.9%
EPS (TTM, diluted)
$0.13

Growth

Revenue growth
+11.4%
Change in growth rate
+0.7 pts
Share count change
+0.5%

Cash

Free cash flow (TTM)
$42.2M
FCF margin
23.4%
Stock pay % of revenue
2.8%

Earnings

Last results
August 4, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Shareholder vote
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Reservoir Media, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 9.3% a year of cash-flow growth for five years.That is close to the 10.8% a year revenue growth Reservoir Media has delivered.

  • Priced in9.3%
  • Last 12 months11.4%
  • 3 years a year11.5%
  • 5 years a year10.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($9.68, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$11
Price used
$9.68close November 3, 2026
Implied change
▲ +15%
Uncertainty
High

How we got here: a discounted-cash-flow model of Reservoir Media, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($43.2M, FY2027 Q1 TTM), growing 8.9% and 10.7% in the next two years (forecasts, guidance and its record), then back to 11.5% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$6.7–~$17 ; that spread sets a 35% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Reservoir Media, Inc.'s free cash flow after stock-based pay ( $43.2M, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Reservoir Media, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.76 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$11 ~$6.7–$17 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$1.8 ~$2.3–$6.1 Left out: out of range vs price (0.19x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$1.8 ~$1.0–$3.1 Left out: out of range vs price (0.19x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity below long-run growth
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$11 ~$6.7–$17 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Reservoir Media, Inc. with Movies & Entertainment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −39%
  • Revenue growth 5 points higher ▲ +51%
  • Free-cash-flow margin 1 point lower ▼ −7%
  • Last year's free-cash-flow margin change, if it persists ▼ −17%
  • Discount rate 1 point higher ▼ −25%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $3$6$10$16$24$34
8.5% $0$3$6$10$16$23
10% —$1$3$7$11$16

Valuation multiples over time Market data may be delayed

At fiscal year end 202120222023202420252026Now
Share price$9.91$9.83$6.52$7.93$7.63$9.79$9.68
Market value$441m$575m$423m$517m$503m$649m$643m
+ Net debt (− = net cash)$203m$252m$297m$318m$370m$433m$451m
Enterprise value$645m$827m$719m$835m$874m$1.1bn$1.1bn
Multiples
Price / sales 5.5x5.3x3.5x3.6x3.2x3.7x3.6x
Price / earnings 47.7x43.9x166.5xn/m64.9x78.2x73.3x
Price / free cash flow 30.2x46.8x13.7x14.4x11.1x13.1x15.2x
EV / EBITDA 19.9x21.5x16.7x16.9x14.2x15.7x15.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

63 /100

Moderate moat

How hard Reservoir Media's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.7% of total assets over 6 years.

  • Pricing power 20 / 20

    Gross margin has been a median 61.4%, moving by 2.4 percentage points (standard deviation) across 6 years.

  • Durability 15 / 20

    Operating margin has been a median 17.8%; its worst year was 12.3%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 5 of 5 years, at a median 23.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (68 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $49m and EPS of $0.19 (range $0.19 to $0.19) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.72 +106% $188m +7%
Next $0.76 +6% $199m +6%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +4.3% on 90 days ago. In the last 30 days, 1 analyst raised Reservoir Media, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Reservoir Media, Inc., last 90 days
$0.68 $0.70 $0.72 $0.74 $0.76 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.69 Current fiscal year, 60 days ago: $0.71 Current fiscal year, 30 days ago: $0.71 Current fiscal year, 7 days ago: $0.71 Current fiscal year, Now: $0.72 $0.72 Next fiscal year, 60 days ago: $0.76 Next fiscal year, 30 days ago: $0.76 Next fiscal year, 7 days ago: $0.76 Next fiscal year, Now: $0.76 $0.76

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.69$0.76
60 days ago $0.71$0.76
30 days ago $0.71$0.76
7 days ago $0.71$0.76
Now $0.72$0.00

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.14 $0.15 +4.4%
Mar 2026 $0.19 $0.12 −38.1%
Dec 2025 $0.15 $0.17 +11.4%
Sept 2025 $0.18 $0.16 −8.8%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Reservoir Media, Inc.'s revenue by +8.9% next year and +10.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+5.9%, weight 45%) and the company's own record (+11.5%, weight 55%) . How the weights are set.

Analyst recommendations

2 analysts, Oct 2026
Buy150%
Hold150%
Sell00%

Monthly trend

  1. Oct 2026112
  2. Sep 2026112
  3. Aug 2026112

Counts of recommendations published by analysts covering Reservoir Media, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
1.7%
of tradable shares
Days to cover
4.23
at average volume
Short interest, 1 month
−44%
to October 15, 2026
Held by institutions
45%
of shares
Held by insiders
47.7%
of shares
Employees
100
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +27.4%

$7.60 on October 31, 2025 to $9.68

ThenNowEffect
Revenue (last 12 months) $162m $180m +11.4%
Net margin 4.7% 4.9% +4.3%
P/E multiple 66.6x 73.3x +10.2%
Share count 66m 66m −0.5%

Biggest factor: revenue.

Last 3 years +62.7%

$5.95 on November 3, 2023 to $9.68

ThenNowEffect
Revenue (last 12 months) $130m $180m +38.6%
Net margin 2.1% 4.9% +130.7%
P/E multiple 140.9x 73.3x −47.9%
Share count 65m 66m −2.3%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
RSVR−25%+19%+27%−16%+28%
Industry peers (median)−43%+4%+24%+6%+10%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
RSVR42%42%58%33%64%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
RSVR−55%−28%−23%−24%−21%
S&P 500−25%−10%−8%−19%−9%

Worst fall since January 5, 2021: 61% from February 19, 2021 to October 12, 2022. Getting back needed a 153% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$7.22 – $11.10
From 52-week high
−12.8%
vs 50-day average
+1.4%
vs 200-day average
+1.2%
Volatility (1 year)
31%
Beta vs S&P 500
0.28

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±3.4%
After a week
3 up, 9 down
typical move ±3.7%
After a month
6 up, 6 down
typical move ±7.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +0.8% +1.6% −2.7% −3.6%
May 28, 2026 −0.8% +0.8% −1.6% −1.9%
February 4, 2026 +3.3% −1.7% +6.9% +38.5%
November 4, 2025 +1.6% −0.8% −1.1% +2.0%
August 5, 2025 −0.3% +0.3% −1.0% +0.5%
May 28, 2025 −2.6% −0.2% −5.3% −2.3%
February 5, 2025 +1.0% +0.8% −2.1% −7.6%
October 30, 2024 −5.2% −2.3% +2.2% +7.4%
July 31, 2024 −8.8% +0.2% −13.5% −6.9%
May 30, 2024 +3.2% +0.2% −0.3% −1.5%
February 7, 2024 −10.2% +0.9% −1.3% +7.3%
November 7, 2023 +3.5% +0.4% +6.5% +4.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Reservoir Media, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Reservoir Media, Inc.
$120M $140M $160M $180M FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $135M Revenue (TTM), FY24 Q3: $140.5M Revenue (TTM), FY24 Q4: $144.9M Revenue (TTM), FY25 Q1: $147.3M Revenue (TTM), FY25 Q2: $149.6M Revenue (TTM), FY25 Q3: $156.4M Revenue (TTM), FY25 Q4: $158.7M Revenue (TTM), FY26 Q1: $161.6M Revenue (TTM), FY26 Q2: $166.3M Revenue (TTM), FY26 Q3: $169.6M Revenue (TTM), FY26 Q4: $175.7M Revenue (TTM), FY27 Q1: $180M $180M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $135M
FY24 Q3 $140.5M
FY24 Q4 $144.9M
FY25 Q1 $147.3M
FY25 Q2 $149.6M
FY25 Q3 $156.4M
FY25 Q4 $158.7M
FY26 Q1 $161.6M
FY26 Q2 $166.3M
FY26 Q3 $169.6M
FY26 Q4 $175.7M
FY27 Q1 $180M
Revenue growth, TTM YoY Reservoir Media, Inc.
5% 10% 15% 20% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: 13.9% Revenue growth, TTM YoY, FY24 Q3: 14.6% Revenue growth, TTM YoY, FY24 Q4: 18.5% Revenue growth, TTM YoY, FY25 Q1: 13.5% Revenue growth, TTM YoY, FY25 Q2: 10.8% Revenue growth, TTM YoY, FY25 Q3: 11.3% Revenue growth, TTM YoY, FY25 Q4: 9.6% Revenue growth, TTM YoY, FY26 Q1: 9.6% Revenue growth, TTM YoY, FY26 Q2: 11.2% Revenue growth, TTM YoY, FY26 Q3: 8.4% Revenue growth, TTM YoY, FY26 Q4: 10.7% Revenue growth, TTM YoY, FY27 Q1: 11.4% 11.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 13.9%
FY24 Q3 14.6%
FY24 Q4 18.5%
FY25 Q1 13.5%
FY25 Q2 10.8%
FY25 Q3 11.3%
FY25 Q4 9.6%
FY26 Q1 9.6%
FY26 Q2 11.2%
FY26 Q3 8.4%
FY26 Q4 10.7%
FY27 Q1 11.4%
Operating margin (TTM) Reservoir Media, Inc.
16% 18% 20% 22% 24% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 16.6% Operating margin (TTM), FY24 Q3: 17.4% Operating margin (TTM), FY24 Q4: 17.0% Operating margin (TTM), FY25 Q1: 17.9% Operating margin (TTM), FY25 Q2: 20.3% Operating margin (TTM), FY25 Q3: 21.4% Operating margin (TTM), FY25 Q4: 22.1% Operating margin (TTM), FY26 Q1: 22.0% Operating margin (TTM), FY26 Q2: 21.7% Operating margin (TTM), FY26 Q3: 21.7% Operating margin (TTM), FY26 Q4: 21.8% Operating margin (TTM), FY27 Q1: 21.2% 21.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 16.6%
FY24 Q3 17.4%
FY24 Q4 17.0%
FY25 Q1 17.9%
FY25 Q2 20.3%
FY25 Q3 21.4%
FY25 Q4 22.1%
FY26 Q1 22.0%
FY26 Q2 21.7%
FY26 Q3 21.7%
FY26 Q4 21.8%
FY27 Q1 21.2%
FCF margin (TTM) Reservoir Media, Inc.
15% 20% 25% 30% 35% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 28.2% FCF margin (TTM), FY24 Q3: 19.3% FCF margin (TTM), FY24 Q4: 24.8% FCF margin (TTM), FY25 Q1: 30.8% FCF margin (TTM), FY25 Q2: 26.1% FCF margin (TTM), FY25 Q3: 29.9% FCF margin (TTM), FY25 Q4: 28.5% FCF margin (TTM), FY26 Q1: 26.4% FCF margin (TTM), FY26 Q2: 29.2% FCF margin (TTM), FY26 Q3: 29.5% FCF margin (TTM), FY26 Q4: 28.3% FCF margin (TTM), FY27 Q1: 23.4% 23.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 28.2%
FY24 Q3 19.3%
FY24 Q4 24.8%
FY25 Q1 30.8%
FY25 Q2 26.1%
FY25 Q3 29.9%
FY25 Q4 28.5%
FY26 Q1 26.4%
FY26 Q2 29.2%
FY26 Q3 29.5%
FY26 Q4 28.3%
FY27 Q1 23.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Reservoir Media took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $176M
  2. Cost of revenue $62M · 35.3%
  3. Gross profit $114M · 64.7%
  4. Selling, general and admin $44.7M · 25.4%
  5. Other operating costs $30.8M · 17.5%
  6. Operating income $38.2M · 21.8%
  7. Income tax $3.3M · 1.9%
  8. Interest and other $26.6M · 15.1%
  9. Net income $8.3M · 4.7%

Shares of revenue. Source: Reservoir Media's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026 LTM Jun 2026
Income
Revenue 62 80 108 122 145 159 176 180
Gross profit 35 47 64 74 89 101 114 116
EBITDA 23 32 38 43 50 61 69 70
Operating income 15 18 19 21 25 35 38 38
Net income 9 9 13 3 1 8 8 9
Diluted EPS $0.25 $0.21 $0.22 $0.04 $0.01 $0.12 $0.13 $0.13
Growth (year on year)
Revenue — +28.5% +34.4% +13.4% +18.5% +9.6% +10.7% +11.4%
EBITDA — +40.0% +18.4% +12.4% +14.9% +23.8% +12.5% +11.4%
Operating income — +24.4% +5.6% +8.8% +16.7% +42.7% +9.0% +7.4%
Net income — −2.4% +41.3% −80.6% −74.6% — +7.1% +16.2%
Diluted EPS — −16.0% +4.8% −81.8% −75.0% — +8.3% +15.6%
Margins
Gross margin 56.3% 59.1% 59.0% 60.8% 61.7% 63.8% 64.7% 64.7%
EBITDA margin 37.0% 40.4% 35.6% 35.3% 34.2% 38.7% 39.3% 38.9%
Operating margin 23.6% 22.8% 17.9% 17.2% 17.0% 22.1% 21.8% 21.2%
Net margin 15.2% 11.5% 12.1% 2.1% 0.4% 4.9% 4.7% 4.9%
Free-cash-flow margin — 18.2% 11.4% 25.2% 24.8% 28.5% 28.3% 23.4%
Cash flow
Cash from operations 11 15 12 31 36 45 50 43
Capital spending — 0 0 0 0 0 0 1
Free cash flow — 15 12 31 36 45 50 42
Stock-based pay — 0 3 3 3 4 4 5
Free cash flow after stock pay — 15 9 28 33 41 45 37
Balance sheet
Cash 58 9 18 15 18 21 26 14
Total debt 0 213 270 311 336 392 459 465
Net debt (negative = net cash) −58 203 252 297 318 370 433 451
Diluted shares — 45m 58m 65m 65m 66m 66m 66m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 6 checks passed · June 30, 2026
What it owns · $949m
Short-term assets $77mLonger-term assets $872m
What it owes, and who funded it · $948m
Short-term liabilities $59mLonger-term liabilities $512mShareholders' equity $378m
  • Short-term assets cover short-term liabilities $77m of assets due within a year against $59m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $77m short-term assets against $512m of longer-dated liabilities.
  • More cash than debt $14m of cash against $462m of debt.
  • Debt below 40% of shareholders' equity Debt is 122% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 67% to 122% over five years.
  • A year's operating cash flow covers at least 20% of debt $43m of operating cash flow against $462m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Reservoir Media, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+0.5%
year over year
Days sales outstanding
87 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in movies & entertainment
Last 12 months unless stated RSVR RDI NIPG ANGH GAIA LVO Median
Revenue, last 12 months $180m $214m $127m $99m $95m $77m $1.1bn
Revenue growth, last 12 months 11.4% −2.2% 48.4% 27.2% −2.4% −23.1% 8.5%
Revenue growth, 3-year average 11.5% 0.8% — — 6.3% −9.5% 7.1%
Revenue growth, latest quarter 11.6% 10.8% — — −11.8% 0.7% 11.3%
Gross margin 64.7% — −1.2% −25.4% 86.1% 17.9% 33.2%
Operating margin 21.2% 1.2% −196.5% −88.0% −8.7% −19.6% 2.5%
Operating margin, 3-year average 20.4% −3.5% — — −7.1% −15.0% −0.6%
Net margin 4.9% −5.9% −187.7% −90.1% −8.2% −25.8% 0.5%
Cash from operations / revenue 23.7% 2.5% −12.4% −36.5% −6.5% −12.4% 9.9%
Free-cash-flow margin 23.4% 1.5% −12.6% −36.6% −14.7% −16.3% 5.3%
Free-cash-flow margin, 3-year average 26.9% −2.5% — — −4.0% −4.9% 6.1%
Stock pay / revenue 2.8% 0.7% 29.0% −0.2% 1.6% 20.8% 1.5%
Change in share count 0.5% 2.3% 128.6% 18.0% 2.2% 7.0% 1.6%

Median of all 25 companies we cover in movies & entertainment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 movies & entertainment companies
Measure Company Peer median Rank
Revenue growth Growth 11.4% 8.5% 10 of 25
Change in growth rate Growth +0.7pp +0.7pp 13 of 25
Gross margin Profitability 64.7% 45.3% 2 of 10
Operating margin Profitability 21.2% 3.0% 2 of 24
Net margin Profitability 4.9% 0.5% 9 of 25
Free-cash-flow margin Cash generation 23.4% 7.1% 4 of 24
Stock pay as % of revenue Cash generation 2.8% 1.5% 18 of 25
Long-term debt as % of assets Balance sheet 48.7% 21.6% 19 of 19
Change in share count Balance sheet 0.5% 1.6% 7 of 19
Days sales outstanding Balance sheet 87 days 35 days 16 of 17

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to March 31, 2026
Segments
Line of business Revenue Share YoY
Music Publishing $117M 66.5% ▲ 8.7%
Recorded Music $51.5M 29.3% ▲ 16.4%
All Other Segments $7.3M 4.2% ▲ 4.3%
Geography
Region Revenue Share YoY
United States $98.7M 56.2% ▲ 5.4%
Outside the US $77M 43.8% ▲ 18.2%

From Reservoir Media, Inc.'s 10-K filed May 28, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$171M
Institutions reporting
80
Shares held vs prior quarter
▲ 3.1%
Positions opened / closed
9 / 8

Top buyers and sellers, Q2 2026: 32 institutions bought and 30 sold ; the biggest buyer was Nantahala Capital Management, LLC (+941K shares) and the biggest seller Mill Road Capital Management LLC (−471K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Irenic Capital Management LP $61.9M 6.3M 36.2% ▲ 1.3%
Nantahala Capital Management, LLC $18.6M 1.9M 10.9% ▲ 100.0%
Blackrock, Inc. $12.5M 1.3M 7.3% ▲ 2.9%
Dimensional Fund Advisors LP $11.9M 1.2M 7.0% ▲ 5.7%
Federated Hermes, Inc. $8.2M 825K 4.8% ▼ 17.5%
Geode Capital Management, LLC $6.7M 672K 3.9% ▼ 1.3%
Awm Investment Company, Inc. $5.4M 545K 3.2% ▼ 1.1%
Gruss & Co., LLC $5.1M 512K 3.0% 0.0%
State Street Corp $4.2M 420K 2.4% ▲ 3.6%
Russell Investments Group, Ltd. $4M 405K 2.3% ▼ 15.1%
Vanguard Capital Management LLC $3.9M 398K 2.3% ▲ 2.9%
First Pacific Advisors, LP $3.1M 309K 1.8% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Reservoir Media, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 28, 2026
  • February 4, 2026
  • November 4, 2025
  • August 5, 2025
  • May 28, 2025

Recent SEC filings

Data status

When each part of this page on Reservoir Media, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Reservoir Media, Inc. in brief

What does Reservoir Media, Inc. do?
Reservoir Media, Inc. is a US-listed company in the movies & entertainment industry. Its financial year ends in March.
What is Reservoir Media, Inc.'s stock ticker?
Reservoir Media, Inc. trades under the ticker RSVR on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Reservoir Media, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Reservoir Media, Inc. reported revenue of $180M, 11.4% higher than a year earlier, according to its SEC filings.
What is Reservoir Media, Inc.'s free cash flow?
Reservoir Media, Inc.'s free-cash-flow margin is 23.4% of revenue over the trailing twelve months, ranking 4 of the 24 movies & entertainment companies we cover.
What is Reservoir Media, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Reservoir Media, Inc.'s free cash flow after stock-based pay gives ~$11 per share in the base case, and ~$6.7–$17 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Reservoir Media, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Irenic Capital Management LP, Nantahala Capital Management, LLC and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Reservoir Media, Inc.'s market cap?
On November 2, 2026, Reservoir Media, Inc.'s market capitalisation was about $643M, with a price-to-earnings ratio of 73.3 and net debt of $451M. Market figures come from third-party market data and may be delayed.
How much debt does Reservoir Media, Inc. have?
Reservoir Media, Inc.'s debt-to-equity ratio is 122.3%, from its latest balance sheet (66.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Reservoir Media, Inc.'s competitors?
In our Movies & Entertainment peer group, the companies closest to Reservoir Media, Inc. are Reading International Inc, NIP Group Inc., Anghami Inc, Gaia, Inc and Liveone, Inc. The side-by-side comparison below sets their revenue, margins and growth against Reservoir Media, Inc.'s.
When is Reservoir Media, Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Reservoir Media, Inc. announces its own schedule.