Reservoir Media Inc Financials

RSVR

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE March

This page shows Reservoir Media Inc (RSVR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Key Financial Metrics

Revenue

$158.7M

YoY+29.8%

Reservoir Media Inc generated $158.7M in revenue in fiscal year 2025. This represents an increase of 29.8% from the prior year.

EBITDA

$61.4M

YoY+42.3%

Reservoir Media Inc's EBITDA was $61.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 42.3% from the prior year.

Free Cash Flow

$45.2M

YoY+46.8%

Reservoir Media Inc generated $45.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 46.8% from the prior year.

Net Income

$7.7M

YoY+205.2%

Reservoir Media Inc reported $7.7M in net income in fiscal year 2025. This represents an increase of 205.2% from the prior year.

EPS (Diluted)

$0.12

YoY+200.0%

Reservoir Media Inc earned $0.12 per diluted share (EPS) in fiscal year 2025. This represents an increase of 200.0% from the prior year.

Cash & Debt

$21.4M

YoY+43.5%

Reservoir Media Inc held $21.4M in cash against $388.1M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

65M

YoY+1.2%

Reservoir Media Inc had 65M shares outstanding in fiscal year 2025. This represents an increase of 1.2% from the prior year.

Gross Margin

63.8%

YoY+3.0pp

Reservoir Media Inc's gross margin was 63.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.0 percentage points from the prior year.

Operating Margin

22.1%

YoY+4.9pp

Reservoir Media Inc's operating margin was 22.1% in fiscal year 2025, reflecting core business profitability. This is up 4.9 percentage points from the prior year.

Net Margin

4.9%

YoY+2.8pp

Reservoir Media Inc's net profit margin was 4.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.8 percentage points from the prior year.

Return on Equity

2.1%

YoY+1.4pp

Reservoir Media Inc's ROE was 2.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.4 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$82K

YoY-79.9%

Reservoir Media Inc invested $82K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 79.9% from the prior year.

RSVR Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	$158.7M+29.8%	$122.3M+13.4%	$107.8M+34.4%	$80.2M
Cost of Revenue	$57.4M+19.7%	$48.0M+8.6%	$44.2M+34.5%	$32.9M
Gross Profit	$101.3M+36.3%	$74.3M+16.7%	$63.7M+34.3%	$47.4M
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	$39.9M+28.1%	$31.2M+23.3%	$25.3M+68.7%	$15.0M
Operating Income	$35.1M+66.5%	$21.1M+8.8%	$19.4M+5.6%	$18.3M
Interest Expense	-$21.9M-48.3%	-$14.8M-35.7%	-$10.9M-21.2%	-$9.0M
Income Tax	$2.1M-61.9%	$5.6M+32.3%	$4.3M+98.1%	$2.1M
Net Income	$7.7M+205.2%	$2.5M-80.6%	$13.1M+121.9%	$5.9M
EPS (Diluted)	$0.12+200.0%	$0.04-81.8%	$0.22+4.8%	$0.21

Metric	Q3'26	Q2'25	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q1'23
Revenue	$45.6M+0.3%	$45.4M+22.3%	$37.2M+4.8%	$35.5M-7.6%	$38.4M+20.6%	$31.8M+6.4%	$29.9M+23.3%	$24.3M
Cost of Revenue	$16.2M-2.0%	$16.5M+25.3%	$13.2M-0.2%	$13.2M-8.5%	$14.4M+7.2%	$13.5M+14.6%	$11.8M+17.8%	$10.0M
Gross Profit	$29.4M+1.6%	$28.9M+20.6%	$24.0M+7.7%	$22.3M-7.1%	$24.0M+30.4%	$18.4M+1.0%	$18.2M+27.1%	$14.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$11.3M+5.6%	$10.7M-4.9%	$11.2M+19.4%	$9.4M-19.0%	$11.6M+26.5%	$9.2M+14.0%	$8.0M+5.4%	$7.6M
Operating Income	$10.3M-3.4%	$10.7M+96.2%	$5.4M-16.5%	$6.5M+6.1%	$6.1M+95.4%	$3.1M-31.6%	$4.6M+248.3%	$1.3M
Interest Expense	-$6.6M+2.3%	-$6.7M-7.1%	-$6.3M-17.2%	-$5.4M+6.7%	-$5.8M-21.7%	-$4.7M-15.5%	-$4.1M-37.7%	-$3.0M
Income Tax	$1.1M+13.8%	$947K+449.5%	-$271K+77.9%	-$1.2M-520.6%	$292K+367.8%	$62K-98.2%	$3.5M+66029.3%	$5K
Net Income	$2.2M-0.4%	$2.2M+442.4%	-$644K+78.3%	-$3.0M-534.2%	$682K+314.7%	$165K+103.7%	-$4.4M-26297.2%	$17K
EPS (Diluted)	$0.030.0%	$0.03+400.0%	$-0.01+80.0%	$-0.05-600.0%	$0.01	N/A	$-0.07	$0.00

RSVR Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$865.1M+14.7%	$754.1M+10.2%	$684.3M+48.2%	$461.9M
Current Assets	$79.3M+18.7%	$66.8M+12.4%	$59.4M+51.4%	$39.3M
Cash & Equivalents	$21.4M+43.5%	$14.9M-16.3%	$17.8M+93.4%	$9.2M
Inventory	N/A	N/A	N/A	N/A
Accounts Receivable	$37.8M+21.1%	$31.3M+24.0%	$25.2M+59.4%	$15.8M
Goodwill	$402K0.0%	$402K0.0%	$402K0.0%	$402K
Total Liabilities	$498.9M+23.4%	$404.4M+20.1%	$336.8M+25.9%	$267.5M
Current Liabilities	$65.8M+20.7%	$54.5M+32.8%	$41.1M+61.8%	$25.4M
Long-Term Debt	$388.1M+24.6%	$311.5M+15.4%	$269.9M+27.6%	$211.5M
Total Equity	$364.9M+4.4%	$349.7M+0.6%	$347.5M+78.8%	$194.4M
Retained Earnings	$23.1M+56.9%	$14.8M+20.8%	$12.2M+1515.1%	-$863K

Metric	Q3'26	Q2'25	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q1'23
Total Assets	$941.9M+4.2%	$903.5M+5.4%	$857.0M+8.8%	$787.3M+0.8%	$781.5M+1.9%	$767.3M+6.5%	$720.3M+5.4%	$683.3M
Current Assets	$77.8M-7.1%	$83.8M+20.6%	$69.5M-1.6%	$70.6M+2.1%	$69.1M+12.9%	$61.3M-4.4%	$64.1M+13.9%	$56.2M
Cash & Equivalents	$20.6M-26.3%	$27.9M+88.1%	$14.9M-23.9%	$19.5M-5.1%	$20.6M+67.8%	$12.3M-28.0%	$17.0M+35.4%	$12.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$37.1M+3.3%	$35.9M+3.5%	$34.7M+13.4%	$30.6M+4.5%	$29.3M-8.6%	$32.0M+19.3%	$26.8M+4.9%	$25.6M
Goodwill	$402K	N/A	$402K	N/A	N/A	$402K	N/A	$402K
Total Liabilities	$567.1M+6.7%	$531.4M+9.2%	$486.9M+11.6%	$436.1M+1.3%	$430.3M+3.5%	$415.6M+10.7%	$375.4M+10.4%	$340.0M
Current Liabilities	$65.6M+5.9%	$61.9M+15.4%	$53.7M-4.4%	$56.2M-7.4%	$60.7M+17.7%	$51.5M+9.5%	$47.1M+29.9%	$36.2M
Long-Term Debt	$452.3M+7.2%	$421.8M+8.9%	$387.4M+13.1%	$342.5M+3.1%	$332.1M+1.9%	$325.8M+11.5%	$292.2M+5.3%	$277.4M
Total Equity	$373.6M+0.4%	$372.1M+0.5%	$370.1M+5.4%	$351.3M0.0%	$351.1M-0.2%	$351.7M+2.0%	$344.9M+0.5%	$343.3M
Retained Earnings	$27.0M+8.8%	$24.8M+10.0%	$22.6M+79.3%	$12.6M-19.0%	$15.6M+3.6%	$15.0M+21.0%	$12.4M+1.1%	$12.3M

RSVR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	$45.3M+45.1%	$31.2M+150.1%	$12.5M-15.2%	$14.7M
Capital Expenditures	$82K-79.9%	$406K+100.4%	$203K+153.8%	$80K
Free Cash Flow	$45.2M+46.8%	$30.8M+150.9%	$12.3M-16.1%	$14.6M
Investing Cash Flow	-$96.7M-33.9%	-$72.2M+63.3%	-$196.8M-65.9%	-$118.6M
Financing Cash Flow	$54.5M+41.7%	$38.5M-80.4%	$196.5M+316.2%	$47.2M
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A

Metric	Q3'26	Q2'25	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q1'23
Operating Cash Flow	N/A	N/A	$6.0M	N/A	N/A	-$861K	N/A	$1.8M
Capital Expenditures	N/A	N/A	$34K	N/A	N/A	$92K	N/A	$64K
Free Cash Flow	N/A	N/A	$6.0M	N/A	N/A	-$953K	N/A	$1.7M
Investing Cash Flow	N/A	N/A	-$9.7M	N/A	N/A	-$15.2M	N/A	-$12.8M
Financing Cash Flow	N/A	N/A	-$2.5M	N/A	N/A	$13.3M	N/A	$6.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

RSVR Financial Ratios

Metric	FY25	FY24	FY23	FY22
Gross Margin	63.8%+3.0pp	60.8%+1.7pp	59.0%-0.0pp	59.1%
Operating Margin	22.1%+4.9pp	17.2%-0.7pp	17.9%-4.9pp	22.8%
Net Margin	4.9%+2.8pp	2.1%-10.1pp	12.1%+4.8pp	7.3%
Return on Equity	2.1%+1.4pp	0.7%-3.0pp	3.8%+0.7pp	3.0%
Return on Assets	0.9%+0.6pp	0.3%-1.6pp	1.9%+0.6pp	1.3%
Current Ratio	1.20-0.0	1.22-0.2	1.45-0.1	1.55
Debt-to-Equity	1.06+0.2	0.89+0.1	0.78-0.3	1.09
FCF Margin	28.5%+3.3pp	25.2%+13.8pp	11.4%-6.9pp	18.2%

Metric	Q3'26	Q2'25	Q1'25	Q3'25	Q2'24	Q1'24	Q3'24	Q1'23
Gross Margin	64.5%+0.8pp	63.6%-0.9pp	64.5%+1.8pp	62.7%+0.3pp	62.4%+4.7pp	57.7%-3.1pp	60.7%+1.8pp	58.9%
Operating Margin	22.7%-0.9pp	23.5%+8.9pp	14.7%-3.7pp	18.4%+2.4pp	16.0%+6.1pp	9.9%-5.5pp	15.4%+9.9pp	5.4%
Net Margin	4.8%-0.0pp	4.9%+6.6pp	-1.7%+6.6pp	-8.3%-10.1pp	1.8%+1.3pp	0.5%+15.2pp	-14.7%-14.8pp	0.1%
Return on Equity	0.6%0.0pp	0.6%	N/A	N/A	0.2%+0.1pp	0.1%	N/A	0.0%
Return on Assets	0.2%0.0pp	0.2%+0.3pp	-0.1%+0.3pp	-0.4%-0.5pp	0.1%+0.1pp	0.0%+0.6pp	-0.6%-0.6pp	0.0%
Current Ratio	1.19-0.2	1.35+0.1	1.29+0.0	1.26+0.1	1.14-0.0	1.19-0.2	1.36-0.2	1.55
Debt-to-Equity	1.21+0.1	1.13+0.1	1.05+0.1	0.97+0.0	0.95+0.0	0.93+0.1	0.85+0.0	0.81
FCF Margin	N/A	N/A	16.1%	N/A	N/A	-3.0%	N/A	7.2%

Financial Health Signals

Financial Profile 68/100

Profitability

100

Growth

100

Leverage

Liquidity

Cash Flow

100

Returns

Based on FY2025 annual data. Scores normalized against common benchmarks.

Altman Z-Score Distress

0.97

Bankruptcy risk indicator. Above 2.99 = safe, below 1.81 = distress.

Piotroski F-Score Neutral

6/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Cash-Backed

5.84x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

Interest Coverage At Risk

1.6x

Operating income vs interest expense. Above 5x = safe, below 2x = risky.

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Frequently Asked Questions

What is Reservoir Media Inc's annual revenue?

Reservoir Media Inc (RSVR) reported $158.7M in total revenue for fiscal year 2025. This represents a 29.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Reservoir Media Inc's revenue growing?

Reservoir Media Inc (RSVR) revenue grew by 29.8% year-over-year, from $122.3M to $158.7M in fiscal year 2025.

Is Reservoir Media Inc profitable?

Yes, Reservoir Media Inc (RSVR) reported a net income of $7.7M in fiscal year 2025, with a net profit margin of 4.9%.

What is Reservoir Media Inc's earnings per share (EPS)?

Reservoir Media Inc (RSVR) reported diluted earnings per share of $0.12 for fiscal year 2025. This represents a 200.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Reservoir Media Inc's EBITDA?

Reservoir Media Inc (RSVR) had EBITDA of $61.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Reservoir Media Inc have?

As of fiscal year 2025, Reservoir Media Inc (RSVR) had $21.4M in cash and equivalents against $388.1M in long-term debt.

What is Reservoir Media Inc's gross margin?

Reservoir Media Inc (RSVR) had a gross margin of 63.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Reservoir Media Inc's operating margin?

Reservoir Media Inc (RSVR) had an operating margin of 22.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Reservoir Media Inc's net profit margin?

Reservoir Media Inc (RSVR) had a net profit margin of 4.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Reservoir Media Inc's return on equity (ROE)?

Reservoir Media Inc (RSVR) has a return on equity of 2.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Reservoir Media Inc's free cash flow?

Reservoir Media Inc (RSVR) generated $45.2M in free cash flow during fiscal year 2025. This represents a 46.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Reservoir Media Inc's operating cash flow?

Reservoir Media Inc (RSVR) generated $45.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Reservoir Media Inc's total assets?

Reservoir Media Inc (RSVR) had $865.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Reservoir Media Inc's capital expenditures?

Reservoir Media Inc (RSVR) invested $82K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Reservoir Media Inc have outstanding?

Reservoir Media Inc (RSVR) had 65M shares outstanding as of fiscal year 2025.

What is Reservoir Media Inc's current ratio?

Reservoir Media Inc (RSVR) had a current ratio of 1.20 as of fiscal year 2025, which is considered adequate.

What is Reservoir Media Inc's debt-to-equity ratio?

Reservoir Media Inc (RSVR) had a debt-to-equity ratio of 1.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Reservoir Media Inc's return on assets (ROA)?

Reservoir Media Inc (RSVR) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Reservoir Media Inc's Altman Z-Score?

Reservoir Media Inc (RSVR) has an Altman Z-Score of 0.97, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress.

What is Reservoir Media Inc's Piotroski F-Score?

Reservoir Media Inc (RSVR) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.

Are Reservoir Media Inc's earnings high quality?

Reservoir Media Inc (RSVR) has an earnings quality ratio of 5.84x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.

Can Reservoir Media Inc cover its interest payments?

Reservoir Media Inc (RSVR) has an interest coverage ratio of 1.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline.

How financially healthy is Reservoir Media Inc?

Reservoir Media Inc (RSVR) scores 68 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.