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Reservoir Media, Inc.

RSVR

Reservoir Media is a leading independent music company that acquires, manages, and administers a diverse portfolio of music copyrights and master recordings.

Market cap
$670.65M+27.2%
Revenue$175.7M+10.7%
Net income$8.3M+7.1%
Free cash flow$49.7M+9.9%
EPS (diluted)$0.12
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$36.3M
EPS estimate-$0.01

Financials

Q4 2026

Income statement

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Revenue$47.5M+14.7%
Gross profit$31.4M+15.7%
Operating income$11.8M+13.0%
Net income$4.4M+65.1%
EPS (diluted)$0.07+75.0%

Balance sheet

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Cash & equivalents$25.9M+21.2%
Total debt$464.4M+17.6%
Total equity$377.7M+3.5%
Total assets$949.7M+9.8%

Cash flow

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Operating cash flow$11.9M-2.2%
CapEx$194.5K+688%
Free cash flow$11.7M-3.6%

Valuation & ratios

Valuation

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Market cap$670.65M+27.2%
Enterprise value$1.11B+25.7%
P/E80.8×+13.9×
P/S3.8×+0.7×

Profitability

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Gross margin64.7%+0.9pp
Operating margin21.8%-0.3pp
Net margin4.7%-0.2pp
FCF margin28.3%-0.2pp

Returns & leverage

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Return on equity2.2%+0.1pp
Debt / equity1.2×+0.1×
Current ratio1.4×+0.2×

Segments

By product

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Digital$27.2M+21.2%
Synchronization$7.5M+22.8%
Performance$5.5M-15.9%
Physical$1.8M+34.6%
Neighboring Rights$1.4M+18.2%

By segment

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Music Publishing$30.9M+10.6%
Recorded Music$15.2M+27.2%
All Other Segments$1.4M-8.0%

Competitors

Profile

Reservoir Media is a leading independent music company that acquires, manages, and administers a diverse portfolio of music copyrights and master recordings. The company creates value by licensing its extensive catalog of historic and contemporary works for use in streaming, film, television, and advertising while providing management services to artists and songwriters. Its strategic focus includes expanding into high-growth emerging markets and optimizing royalty collections across digital and physical platforms.

Competitive position

A leading independent player in a market dominated by major labels, specializing in catalog acquisition and emerging market expansion.

GeographiesUnited States, United Kingdom, Middle East, North Africa, India
Customer segmentsDigital Streaming Services, Media Production Companies, Retail Consumers
Business modelIntellectual Property Licensing, Royalty Management, B2B Distribution
SuppliersSongwriters, Recording Artists, Music Estates, Independent Record Labels
CustomersSpotify, Apple Music, Amazon Music, TikTok, Meta, Film Studios, Broadcasters
Listed2021
Employees99.0
CEOGolnar Khosrowshahi
FilingsSEC EDGAR

Questions, answered.

What is Reservoir Media, Inc.'s market cap?
Reservoir Media, Inc. (RSVR) has a market capitalization of $670.6M and trades on NASDAQ.
What is Reservoir Media, Inc.'s revenue and profitability?
Reservoir Media, Inc. generated $175.7M in trailing twelve-month revenue with net income of $8.3M, representing a net margin of 4.7%. Gross margin stands at 64.7%, with free cash flow of $49.7M. These figures are based on the Q1 2026 filing.
Who are Reservoir Media, Inc.'s competitors?
Reservoir Media, Inc.'s key competitors include Warner Music Group, Sony Music Entertainment, SHUTTERSTOCK, INC., and others. These companies compete in similar markets and product categories.
Who does Reservoir Media, Inc. partner with?
Reservoir Media, Inc.'s notable partners include TikTok, Meta, Snap, and others.
What subsidiaries does Reservoir Media, Inc. have?
Reservoir Media, Inc.'s subsidiaries include Chrysalis Records, Tommy Boy Music, Blue Raincoat Music, and others.
Where is Reservoir Media, Inc. headquartered?
Reservoir Media, Inc. is headquartered in United States of America and employs approximately 99 people. It has been publicly traded since 2021.