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Reservoir Media, Inc. RSVR Recorded Music — Cost Of Revenue

Other segment segments

Music Publishing
$12.37M+12.3%

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Other financials

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

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Market cap$667.22M+32.2%
Enterprise value$1.11B+25.2%
P/E80.4×+13.4×
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×

Where this comes from

Reported directly by Reservoir Media, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The source filing: Reservoir Media, Inc.’s 10-K, filed May 28, 2026.

Filed
May 28, 2026, 5:10 PM EDT
Fiscal year
FY2026
Accession
0001104659-26-067615
Line itemMusic / PublishingRecorded / MusicConsolidated
Other revenue(a)7,348,188
Consolidated revenue$175,664,491
Significant segment expenses:
Cost of revenue48,469,90013,521,331
Administration expenses27,444,90911,129,071
Reportable segment OIBDA$40,887,708$26,863,38467,751,092
Other profit(a)1,262,734
Amortization and depreciation(30,783,011)

Item 8.Financial Statements and Supplementary Data

FAQ

What is Reservoir Media, Inc.'s recorded music — cost of revenue?
Reservoir Media, Inc. (RSVR) reported recorded music — cost of revenue of $3.7M in Q1 2026.
How has Reservoir Media, Inc.'s recorded music — cost of revenue changed year-over-year?
Reservoir Media, Inc.'s recorded music — cost of revenue increased by 14.3% year-over-year, from $3.24M to $3.7M.
What is the long-term trend for Reservoir Media, Inc.'s recorded music — cost of revenue?
Over 2 years (2024 to 2026), Reservoir Media, Inc.'s recorded music — cost of revenue has grown at a -0.3% compound annual growth rate (CAGR), from $13.61M to $13.52M.
What does recorded music — cost of revenue mean?
This metric captures the direct costs associated with producing and distributing recorded music, such as royalties paid to artists, manufacturing costs, and digital distribution fees. It is a critical measure of the direct expenses required to generate revenue within the recorded music segment. Monitoring this helps evaluate the direct cost efficiency of the company's music catalog and release strategy.

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