Reservoir Media, Inc. income statement
In fiscal 2026, Reservoir Media, Inc. reported revenue of $176m, up 10.7% on the year before, operating income of $38.2m (a 21.8% margin) and net income of $8.3m, or $0.13 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Mar 2020 | 2021Mar 2021 | 2022Mar 2022 | 2023Mar 2023 | 2024Mar 2024 | 2025Mar 2025 | 2026Mar 2026 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 62 | 80 | 108 | 122 | 145 | 159 | 176 | 180 |
| Cost of revenue | 27 | 33 | 44 | 48 | 55 | 57 | 62 | 64 |
| Gross profit | 35 | 47 | 64 | 74 | 89 | 101 | 114 | 116 |
| General and administrative | — | 15 | 25 | 31 | 40 | 40 | 45 | 46 |
| Operating income | 15 | 18 | 19 | 21 | 25 | 35 | 38 | 38 |
| Interest expense | — | — | — | — | — | 22 | 26 | — |
| Net interest income | — | −9 | −11 | −15 | −21 | −22 | −26 | −27 |
| Income before tax | 13 | 11 | 17 | 8 | 1 | 10 | 11 | 11 |
| Income tax | 4 | 2 | 4 | 6 | 0 | 2 | 3 | 3 |
| 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 |
| Diluted shares (average) | — | 45m | 58m | 65m | 65m | 66m | 66m | 66m |
| EBITDA | 23 | 32 | 38 | 43 | 50 | 61 | 69 | 70 |
| Quarter | 2025 Q2Sept 2024 | 2025 Q3Dec 2024 | 2025 Q4Mar 2025 | 2026 Q1Jun 2025 | 2026 Q2Sept 2025 | 2026 Q3Dec 2025 | 2026 Q4Mar 2026 | 2027 Q1Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 41 | 42 | 41 | 37 | 45 | 46 | 47 | 41 |
| Cost of revenue | 15 | 15 | 14 | 13 | 17 | 16 | 16 | 15 |
| Gross profit | 26 | 27 | 27 | 24 | 29 | 29 | 31 | 27 |
| General and administrative | 9 | 11 | 10 | 11 | 11 | 11 | 12 | 13 |
| Operating income | 10 | 10 | 10 | 5 | 11 | 10 | 12 | 5 |
| Interest expense | — | — | — | 6 | — | — | — | 7 |
| Net interest income | −5 | −6 | −6 | −6 | −7 | −7 | −7 | −7 |
| Income before tax | −0 | 7 | 3 | −1 | 3 | 3 | 6 | −1 |
| Income tax | −0 | 2 | 1 | −0 | 1 | 1 | 2 | −0 |
| Net income | 0 | 5 | 3 | −1 | 2 | 2 | 4 | −0 |
| Diluted EPS | — | $0.08 | $0.04 | −$0.01 | $0.03 | $0.03 | $0.07 | — |
| EBITDA | 17 | 16 | 17 | 13 | 18 | 18 | 20 | 14 |
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