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Reservoir Media Inc Financials

RSVRW
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows Reservoir Media Inc (RSVRW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).

Rhea AI RSVRW FY2025

RSVRW’s cash generation increasingly comes from a high-margin, low-capex asset base, while debt absorbs much of the lift.

Recent results show cash conversion far stronger than GAAP earnings: operating cash flow reached $45.3M while net income was only $7.7M, pointing to a business where non-cash charges weigh heavily on reported profit. With free cash flow still at $45.2M, the model looks light on maintenance capex; the tradeoff is that rising debt leaves financing costs taking a meaningful bite out of operating progress.

The margin shape improved materially, with gross margin moving from 59.0% to 63.8%, which suggests the revenue mix or cost absorption improved rather than growth merely adding low-quality volume. Operating margin at 22.1% confirms more of each new sales dollar is now surviving below gross profit, a sign of operating leverage in the recent year.

The balance sheet is serviceable but not loose: long-term debt rose to $388.1M and the current ratio was only 1.2x, so liquidity looks adequate without much slack. That helps explain why stronger operations still translated into just a 4.9% net margin, because interest burden keeps diverting a large share of operating earnings.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 55 / 100
Financial Profile 55/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Reservoir Media Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
69

Reservoir Media Inc has an operating margin of 21.8%, meaning the company retains $22 of operating profit per $100 of revenue. This strong profitability earns a score of 69/100, reflecting efficient cost management and pricing power. This is down from 22.1% the prior year.

Growth
50

Reservoir Media Inc's revenue grew 10.7% year-over-year to $175.7M, a solid pace of expansion. This earns a growth score of 50/100.

Leverage
77

Reservoir Media Inc carries a low D/E ratio of 1.21, meaning only $1.21 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 77/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
24

Reservoir Media Inc's current ratio of 1.41 is below the typical benchmark, resulting in a score of 24/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
94

Reservoir Media Inc converts 28.3% of revenue into free cash flow ($49.7M). This strong cash generation earns a score of 94/100.

Returns
15

Reservoir Media Inc generates a 2.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 15/100. This is up from 2.1% the prior year.

Piotroski F-Score Neutral
6/9

Reservoir Media Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
6.04x

For every $1 of reported earnings, Reservoir Media Inc generates $6.04 in operating cash flow ($50.1M OCF vs $8.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk
1.4x

Reservoir Media Inc earns $1.4 in operating income for every $1 of interest expense ($38.2M vs $26.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$175.7M
YoY+10.7%
5Y CAGR+17.0%

Reservoir Media Inc generated $175.7M in revenue in fiscal year 2026. This represents an increase of 10.7% from the prior year.

EBITDA
$69.0M
YoY+12.5%
5Y CAGR+16.3%

Reservoir Media Inc's EBITDA was $69.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.5% from the prior year.

Net Income
$8.3M
YoY+7.1%

Reservoir Media Inc reported $8.3M in net income in fiscal year 2026. This represents an increase of 7.1% from the prior year.

EPS (Diluted)
$0.13
YoY+8.3%
5Y CAGR-9.1%

Reservoir Media Inc earned $0.13 per diluted share (EPS) in fiscal year 2026. This represents an increase of 8.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$49.7M
YoY+9.9%
5Y CAGR+27.7%

Reservoir Media Inc generated $49.7M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 9.9% from the prior year.

Cash & Debt
$25.9M
YoY+21.2%
5Y CAGR+23.0%

Reservoir Media Inc held $25.9M in cash against $455.7M in long-term debt as of fiscal year 2026.

Dividends Per Share
N/A
Shares Outstanding
66M
YoY+0.6%
5Y CAGR+18.1%

Reservoir Media Inc had 66M shares outstanding in fiscal year 2026. This represents an increase of 0.6% from the prior year.

Margins & Returns

Gross Margin
64.7%
YoY+0.9pp
5Y CAGR+5.6pp

Reservoir Media Inc's gross margin was 64.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the prior year.

Operating Margin
21.8%
YoY-0.3pp
5Y CAGR-1.1pp

Reservoir Media Inc's operating margin was 21.8% in fiscal year 2026, reflecting core business profitability. This is down 0.3 percentage points from the prior year.

Net Margin
4.7%
YoY-0.2pp
5Y CAGR+4.9pp

Reservoir Media Inc's net profit margin was 4.7% in fiscal year 2026, showing the share of revenue converted to profit. This is down 0.2 percentage points from the prior year.

Return on Equity
2.2%
YoY+0.1pp
5Y CAGR+2.3pp

Reservoir Media Inc's ROE was 2.2% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$482K
YoY+491.1%
5Y CAGR+43.3%

Reservoir Media Inc invested $482K in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 491.1% from the prior year.

RSVRW Income Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Revenue $47.5M+4.2% $45.6M+0.3% $45.4M+22.3% $37.2M-10.3% $41.4M-2.1% $42.3M+4.0% $40.7M+18.5% $34.3M
Cost of Revenue $16.1M-0.8% $16.2M-2.0% $16.5M+25.3% $13.2M-7.4% $14.2M-5.4% $15.1M+1.6% $14.8M+11.7% $13.3M
Gross Profit $31.4M+7.0% $29.4M+1.6% $28.9M+20.6% $24.0M-11.8% $27.2M-0.2% $27.2M+5.4% $25.8M+22.8% $21.0M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $11.5M+2.5% $11.3M+5.6% $10.7M-4.9% $11.2M+12.4% $10.0M-9.0% $11.0M+18.1% $9.3M-4.2% $9.7M
Operating Income $11.8M+14.0% $10.3M-3.4% $10.7M+96.2% $5.4M-47.7% $10.4M+9.0% $9.6M-5.6% $10.1M+104.0% $5.0M
Interest Expense $46.1M+799.8% -$6.6M+2.3% -$6.7M-7.1% -$6.3M-116.7% $37.7M+752.3% -$5.8M-16.5% -$5.0M+2.0% -$5.1M
Income Tax $1.6M+45.9% $1.1M+13.8% $947K+449.5% -$271K-145.2% $600K-69.8% $2.0M+1402.3% -$153K+48.1% -$294K
Net Income $4.4M+100.6% $2.2M-2.7% $2.3M+506.3% -$556K-120.8% $2.7M-49.1% $5.2M+2734.4% $185K+153.4% -$347K
EPS (Diluted) N/A $0.030.0% $0.03+400.0% $-0.01 N/A $0.08 N/A $-0.01

RSVRW Balance Sheet

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Total Assets $949.7M+0.8% $941.9M+4.2% $903.5M+5.4% $857.0M-0.9% $865.1M+3.9% $832.4M+7.0% $778.2M+1.3% $768.2M
Current Assets $92.5M+18.9% $77.8M-7.1% $83.8M+20.6% $69.5M-12.4% $79.3M+7.1% $74.0M-3.9% $77.0M+14.1% $67.5M
Cash & Equivalents $25.9M+25.9% $20.6M-26.3% $27.9M+88.1% $14.9M-30.5% $21.4M+20.4% $17.8M-15.7% $21.1M+28.8% $16.4M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $40.8M+10.2% $37.1M+3.3% $35.9M+3.5% $34.7M-8.4% $37.8M+9.2% $34.7M-4.3% $36.2M+13.0% $32.1M
Goodwill $402K N/A N/A N/A $402K N/A N/A N/A
Total Liabilities $571.1M+0.7% $567.1M+6.7% $531.4M+9.2% $486.9M-2.4% $498.9M+5.8% $471.6M+12.6% $419.0M+1.3% $413.7M
Current Liabilities $65.5M-0.1% $65.6M+5.9% $61.9M+15.4% $53.7M-18.4% $65.8M+6.7% $61.7M+10.1% $56.0M+6.4% $52.7M
Long-Term Debt $455.7M+0.8% $452.3M+7.2% $421.8M+8.9% $387.4M-0.2% $388.1M+4.4% $371.8M+14.6% $324.5M+0.1% $324.1M
Total Equity $377.7M+1.1% $373.6M+0.7% $370.9M+0.6% $368.9M+1.1% $364.9M+1.5% $359.5M+0.4% $357.9M+1.4% $353.0M
Retained Earnings $31.5M+16.3% $27.0M+8.8% $24.8M+10.0% $22.6M-2.4% $23.1M+13.0% $20.5M+34.4% $15.2M+1.2% $15.1M

RSVRW Cash Flow Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Operating Cash Flow $11.9M-7.8% $12.9M-33.0% $19.3M+220.8% $6.0M-50.6% $12.2M+8.4% $11.2M-15.6% $13.3M+55.6% $8.6M
Capital Expenditures $194K+51.5% $128K+2.3% $126K+273.5% $34K+36.2% $25K+1405.1% $2K-94.3% $29K+6.8% $27K
Free Cash Flow $11.7M-8.4% $12.8M-33.2% $19.2M+220.5% $6.0M-50.8% $12.2M+8.2% $11.2M-15.5% $13.3M+55.8% $8.5M
Investing Cash Flow -$4.3M+91.4% -$50.0M-23.9% -$40.4M-317.8% -$9.7M+61.0% -$24.8M+59.5% -$61.2M-595.5% -$8.8M-363.6% -$1.9M
Financing Cash Flow $3.0M-89.9% $29.7M-12.6% $34.0M+1454.9% -$2.5M-115.7% $16.0M-65.8% $46.9M+61030.1% $77K+100.9% -$8.4M
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

RSVRW Financial Ratios

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Gross Margin 66.2%+1.7pp 64.5%+0.8pp 63.6%-0.9pp 64.5%-1.1pp 65.6%+1.2pp 64.4%+0.9pp 63.5%+2.2pp 61.3%
Operating Margin 24.8%+2.1pp 22.7%-0.9pp 23.5%+8.9pp 14.7%-10.5pp 25.2%+2.6pp 22.6%-2.3pp 24.9%+10.4pp 14.5%
Net Margin 9.3%+4.5pp 4.8%-0.2pp 5.0%+6.5pp -1.5%-7.9pp 6.4%-6.0pp 12.4%+11.9pp 0.4%+1.5pp -1.0%
Return on Equity 1.2%+0.6pp 0.6%-0.0pp 0.6%+0.8pp -0.1%-0.9pp 0.7%-0.7pp 1.5%+1.4pp 0.1%+0.1pp -0.1%
Return on Assets 0.5%+0.2pp 0.2%-0.0pp 0.3%+0.3pp -0.1%-0.4pp 0.3%-0.3pp 0.6%+0.6pp 0.0%+0.1pp -0.1%
Current Ratio 1.41+0.2 1.19-0.2 1.35+0.1 1.29+0.1 1.200.0 1.20-0.2 1.37+0.1 1.28
Debt-to-Equity 1.210.0 1.21+0.1 1.14+0.1 1.05-0.0 1.06+0.0 1.03+0.1 0.91-0.0 0.92
FCF Margin 24.7%-3.4pp 28.1%-14.1pp 42.2%+26.1pp 16.1%-13.3pp 29.3%+2.8pp 26.6%-6.1pp 32.7%+7.8pp 24.9%

Frequently Asked Questions

Reservoir Media Inc (RSVRW) reported $175.7M in total revenue for fiscal year 2026. This represents a 10.7% 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.

Reservoir Media Inc (RSVRW) revenue grew by 10.7% year-over-year, from $158.7M to $175.7M in fiscal year 2026.

Yes, Reservoir Media Inc (RSVRW) reported a net income of $8.3M in fiscal year 2026, with a net profit margin of 4.7%.

Reservoir Media Inc (RSVRW) reported diluted earnings per share of $0.13 for fiscal year 2026. This represents a 8.3% 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.

Reservoir Media Inc (RSVRW) had EBITDA of $69.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2026, Reservoir Media Inc (RSVRW) had $25.9M in cash and equivalents against $455.7M in long-term debt.

Reservoir Media Inc (RSVRW) had a gross margin of 64.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Reservoir Media Inc (RSVRW) had an operating margin of 21.8% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Reservoir Media Inc (RSVRW) had a net profit margin of 4.7% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Reservoir Media Inc (RSVRW) has a return on equity of 2.2% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Reservoir Media Inc (RSVRW) generated $49.7M in free cash flow during fiscal year 2026. This represents a 9.9% 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.

Reservoir Media Inc (RSVRW) generated $50.1M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Reservoir Media Inc (RSVRW) had $949.7M in total assets as of fiscal year 2026, including both current and long-term assets.

Reservoir Media Inc (RSVRW) invested $482K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Reservoir Media Inc (RSVRW) had 66M shares outstanding as of fiscal year 2026.

Reservoir Media Inc (RSVRW) had a current ratio of 1.41 as of fiscal year 2026, which is considered adequate.

Reservoir Media Inc (RSVRW) had a debt-to-equity ratio of 1.21 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Reservoir Media Inc (RSVRW) had a return on assets of 0.9% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Reservoir Media Inc (RSVRW) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Reservoir Media Inc (RSVRW) has an earnings quality ratio of 6.04x, 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. Learn more in our complete guide to financial health indicators.

Reservoir Media Inc (RSVRW) has an interest coverage ratio of 1.4x, 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. Learn more in our complete guide to financial health indicators.

Reservoir Media Inc (RSVRW) scores 55 out of 100 on our Financial Profile, indicating moderate 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. Learn more in our complete guide to financial health indicators.

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