Reservoir Media, Inc. Earnings Per Share Disclosure
NOTE 13. EARNINGS PER SHARE
The following table summarizes the basic and diluted earnings per common share calculation for the fiscal years ended March 31, 2026 and 2025:
| 2026 | | 2025 | |||
Basic earnings per common share |
| |
| | ||
Net income attributable to Reservoir Media, Inc. | $ | 8,302,664 | $ | 7,749,913 | ||
Weighted average common shares outstanding - basic |
| 65,536,506 |
| 65,161,373 | ||
Earnings per common share - basic | $ | 0.13 | $ | 0.12 | ||
Diluted earnings per common share |
| |
| | ||
Net income attributable to Reservoir Media, Inc. | $ | 8,302,664 | $ | 7,749,913 | ||
Weighted average common shares outstanding - basic |
| 65,536,506 |
| 65,161,373 | ||
Weighted average effect of potentially dilutive securities: | ||||||
Effect of dilutive stock options and RSUs |
| 770,927 |
| 787,993 | ||
Weighted average common shares outstanding - diluted |
| 66,307,433 |
| 65,949,366 | ||
Earnings per common share - diluted | $ | 0.13 | $ | 0.12 | ||
Because of their anti-dilutive effect, 5,887,500 shares of Common Stock equivalents comprised of warrants have been excluded from the diluted earnings per share calculation for the fiscal years ended March 31, 2026 and 2025.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | May 28, 2026 | Showing above |
| 2025 | May 28, 2025 | |
| 2024 | May 30, 2024 | |
| 2023 | May 31, 2023 | |
| 2022 | Jun 21, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.