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Reservoir Media, Inc.
RSVRWCIK 0001824403NasdaqAcceleratedSmaller ReportingServices-Amusement & Recreation ServicesFY ends Mar 31
Period
FY 2026
Revenue
$175.66M
Net Income
$8.30M
Total Assets
$949.68M
Equity
$377.72M
Shares Out
65.66M
Op. Cash Flow
$50.14M
Business
Reservoir Media, Inc. is an independent music company that operates a music publishing business, a recorded music business, a management business and a rights management entity focused on global music rights. It offers representation, acquisition and administration of copyrights and master recordings, licensing and synchronization services, catalog acquisitions, marketing, distribution and artist management. The company’s principal reporting segments are Music Publishing and Recorded Music, alongside management and regional rights operations. Reservoir distributes music globally through digital streaming platforms, physical retail channels and international distribution partners, and maintains operations in the U.S., U.K. and MENA regions.
Summary from filing dated 2025-05-28
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| CONSOLIDATED STATEMENTS OF INCOME | — | — | |
| Revenues | 176 | 159 | |
| Costs and expenses: | — | — | |
| Cost of revenue | 62 | 57 | |
| Amortization and depreciation | 31 | 26 | |
| Administration expenses | 45 | 40 | |
| Total costs and expenses | 137 | 124 | |
| Operating income | 38 | 35 | |
| Interest expense | 26 | 22 | |
| Gain on foreign exchange | 230,549 | 578,251 | |
| Loss on fair value of swaps | −350,960 | −4 | |
| Other (expense) income, net | −504,221 | 329,976 | |
| Income before income taxes | 11 | 10 | |
| Income tax expense | 3 | 2 | |
| Net income | 8 | 8 | |
| Net loss attributable to noncontrolling interests | −476,149 | −18,516 | |
| Net income attributable to Reservoir Media, Inc. | 8 | 8 | |
| Earnings per common share (Note 13): | — | — | |
| Basic (in dollars per share) | 0.13 | 0.12 | |
| Diluted (in dollars per share) | 0.13 | 0.12 | |
| Weighted average common shares outstanding (Note 13): | — | — | |
| Basic (in shares) | 66 | 65 | |
| Diluted (in shares) | 66 | 66 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| CONSOLIDATED BALANCE SHEETS | — | — | |
| Assets | — | — | |
| Current assets | — | — | |
| Cash and cash equivalents | 26 | 21 | |
| Accounts receivable | 41 | 38 | |
| Current portion of royalty advances | 16 | 15 | |
| Other current assets | 9 | 5 | |
| Total current assets | 93 | 79 | |
| Intangible assets, net | 789 | 720 | |
| Equity method and other investments | 3 | 1 | |
| Royalty advances, net of current portion and reserves | 54 | 56 | |
| Property and equipment, net | 661,986 | 406,784 | |
| Operating lease right of use assets, net | 8 | 6 | |
| Fair value of swap assets | 1 | 2 | |
| Other assets | 2 | 1 | |
| Total assets | 950 | 865 | |
| Liabilities | — | — | |
| Current liabilities | — | — | |
| Accounts payable and accrued liabilities | 4 | 5 | |
| Royalties payable | 52 | 47 | |
| Accrued payroll | 3 | 3 | |
| Deferred revenue | 2 | 2 | |
| Other current liabilities | 3 | 8 | |
| Income taxes payable | 547,932 | 803,342 | |
| Total current liabilities | 66 | 66 | |
| Secured line of credit | 456 | 388 | |
| Deferred tax liability | 42 | 38 | |
| Operating lease liabilities, net of current portion | 7 | 6 | |
| Fair value of swap liability | 289,543 | 410,008 | |
| Other liabilities | 345,149 | 593,185 | |
| Total liabilities | 571 | 499 | |
| Contingencies and commitments (Note 16) | — | — | |
| Shareholders' Equity | — | — | |
| Preferred stock, $0.0001 par value 75,000,000 shares authorized, 0 shares issued and outstanding at March 31, 2026 and 2025 | — | — | |
| Common stock, $0.0001 par value; 750,000,000 shares authorized, 65,602,509 issued and outstanding at March 31, 2026; 65,239,735 issued and outstanding at March 31, 2025 | 6,561 | 6,524 | |
| Additional paid-in capital | 347 | 344 | |
| Retained earnings | 31 | 23 | |
| Accumulated other comprehensive loss | −670,772 | −2 | |
| Total Reservoir Media, Inc. shareholders' equity | 378 | 365 | |
| Noncontrolling interest | 845,040 | 1 | |
| Total shareholders' equity | 379 | 366 | |
| Total liabilities and shareholders' equity | 950 | 865 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS | — | — | |
| Cash flows from operating activities: | — | — | |
| Net income | 8 | 8 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | — | — | |
| Amortization of intangible assets | 31 | 26 | |
| Depreciation of property and equipment | 226,798 | 226,164 | |
| Share-based compensation | 4 | 4 | |
| Amortization of deferred financing costs | 2 | 1 | |
| Loss on fair value of swaps | −350,960 | −4 | |
| Loss from equity method investments | −506,021 | −100,000 | |
| Impairment of equity investment | — | 499,998 | |
| Gain on disposition of equity investment | — | 103,715 | |
| Deferred income taxes | 2 | 467,197 | |
| Changes in operating assets and liabilities: | — | — | |
| Accounts receivable | 3 | 5 | |
| Other current assets | −874,225 | −1 | |
| Royalty advances | −333,504 | 777,475 | |
| Other assets and liabilities | −815,933 | −729,779 | |
| Accounts payable, accrued expenses and deferred revenue | −1 | −4 | |
| Royalties payable | 5 | 7 | |
| Income taxes payable | −255,410 | 364,190 | |
| Net cash provided by operating activities | 50 | 45 | |
| Cash flows from investing activities: | — | — | |
| Purchases of music catalogs | 102 | 96 | |
| Loan to third party | — | 3 | |
| Repayment of loan from third party | — | 3 | |
| Investments in equity affiliates | 2 | 1 | |
| Sale of equity investment | — | 945,071 | |
| Purchases of property and equipment | 482,000 | 81,538 | |
| Net cash used for investing activities | −104 | −97 | |
| Cash flows from financing activities: | — | — | |
| Proceeds from secured line of credit | 86 | 66 | |
| Repayments of secured line of credit | 19 | 10 | |
| Proceeds from stock option exercises | 13,684 | 100,921 | |
| Taxes paid related to net share settlement of restricted stock units | 1 | 1 | |
| Deferred financing costs paid | 1 | — | |
| Acquisition of noncontrolling interests | 287,650 | — | |
| Distribution to noncontrolling interest holders | — | 149,701 | |
| Net cash provided by financing activities | 64 | 55 | |
| Foreign exchange impact on cash | −107,828 | 175,303 | |
| Net increase in cash, cash equivalents and restricted cash | 10 | 3 | |
| Cash, cash equivalents and restricted cash as presented in Consolidated Statements of Cash Flows | — | — | |
| Cash, cash equivalents and restricted cash as presented in Consolidated Statements of Cash Flows | — | — | |
| Cash and cash equivalents as presented in Consolidated Balance Sheets | — | — | |
| Restricted cash included in Other current assets | — | — | |
| Restricted Cash, Current, Statement of Financial Position [Extensible Enumeration] | — | — | |
| Cash, cash equivalents and restricted cash as presented in Consolidated Statements of Cash Flows | — | — |
Filings
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