Reservoir Media, Inc. (RSVR)
Nasdaq · Services-Amusement & Recreation Services · Services · CIK 1824403 · fiscal year ends in Mar
Closing price $9.59 on 29 Oct 2026; 52-week range $7.22 to $11.10.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $180.0M
- Revenue growth
- 11.4%
- Net income, last twelve months
- $8.8M
- Gross margin
- 64.7%
- Operating margin
- 21.2%
- Net margin
- 4.9%
- Free cash flow
- $42.2M
- Return on equity
- 2.3%
- Market value
- $632.3M
- Price to earnings
- 74.6x
- Cash
- $13.7M
- Debt
- $462.2M
- Debt to equity
- 1.22
- Shares outstanding
- 65.9M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2026 | 31 Mar 2026 | $175.7M | $38.2M | $8.3M | $0.13 | $49.7M | 10-K filed 28 May 2026 |
| FY2025 | 31 Mar 2025 | $158.7M | $35.1M | $7.7M | $0.12 | $45.2M | 10-K filed 28 May 2025 |
| FY2024 | 31 Mar 2024 | $144.9M | $24.6M | $644.9K | $0.01 | $36.0M | 10-K filed 30 May 2024 |
| FY2023 | 31 Mar 2023 | $122.3M | $21.1M | $2.5M | $0.04 | $30.8M | 10-K filed 31 May 2023 |
| FY2022 | 31 Mar 2022 | $107.8M | $19.4M | $13.1M | $0.22 | $12.3M | 10-K filed 21 Jun 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q1 FY2027 | 30 Jun 2026 | $41.5M | -$93.1K | – |
| Q4 FY2026 | 31 Mar 2026 | $47.5M | $4.4M | $0.07 |
| Q3 FY2026 | 31 Dec 2025 | $45.6M | $2.2M | $0.03 |
| Q2 FY2026 | 30 Sep 2025 | $45.4M | $2.3M | $0.03 |
| Q1 FY2026 | 30 Jun 2025 | $37.2M | -$555.7K | -$0.01 |
| Q4 FY2025 | 31 Mar 2025 | $41.4M | $2.7M | $0.04 |
| Q3 FY2025 | 31 Dec 2024 | $42.3M | $5.2M | $0.08 |
| Q2 FY2025 | 30 Sep 2024 | $40.7M | $185.0K | – |
Revenue by segment
As the company reports it in the segment note of its annual report.
By business, FY2026
| Segment | Revenue | Share |
|---|---|---|
| Music Publishing | $116.8M | 66.5% |
| Recorded Music | $51.5M | 29.3% |
| Other revenue | $7.3M | 4.2% |
By region, FY2026
| Segment | Revenue | Share |
|---|---|---|
| United States | $98.7M | 56.2% |
| International | $77.0M | 43.8% |
Company events
The newest 8-K filings of 69 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 18 Aug 2026 | 8-K | Investor update | 7.01, 9.01 |
| 11 Aug 2026 | 8-K | Shareholder vote | 5.07 |
| 4 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 17 Jun 2026 | 8-K | Investor update | 7.01, 9.01 |
| 9 Jun 2026 | 8-K | Leadership change, Other events | 5.02, 8.01 |
| 28 May 2026 | 8-K | Results | 2.02, 9.01 |
| 6 Mar 2026 | 8-K | Leadership change | 5.02, 9.01 |
| 18 Feb 2026 | 8-K | Investor update | 7.01, 9.01 |
| 4 Feb 2026 | 8-K | Results | 2.02, 9.01 |
| 17 Nov 2025 | 8-K | Investor update | 7.01, 9.01 |
| 4 Nov 2025 | 8-K | Results | 2.02, 9.01 |
| 19 Aug 2025 | 8-K | Investor update | 7.01, 9.01 |
Every filing
The newest filings with the SEC of 150 held.
| Filed | Form | Period |
|---|---|---|
| 18 Aug 2026 | 8-K | 18 Aug 2026 |
| 11 Aug 2026 | 8-K | 6 Aug 2026 |
| 4 Aug 2026 | 10-Q | 30 Jun 2026 |
| 4 Aug 2026 | 8-K | 4 Aug 2026 |
| 27 Jul 2026 | 25-NSE | – |
| 26 Jun 2026 | ARS | 31 Mar 2026 |
| 26 Jun 2026 | DEF 14A | 6 Aug 2026 |
| 17 Jun 2026 | 8-K | 17 Jun 2026 |
| 9 Jun 2026 | DEFA14A | – |
| 9 Jun 2026 | 8-K | 5 Jun 2026 |
| 28 May 2026 | 10-K | 31 Mar 2026 |
| 28 May 2026 | 8-K | 28 May 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 14 Aug 2026 | Koss Jennifer G., Director | Took pay in stock | 502 | $9.96 | $5.0K | – | 18 Aug 2026 |
| 14 Aug 2026 | Field Ezra S., Director | Took pay in stock | 1,255 | $6.96 | $8.7K | – | 18 Aug 2026 |
| 14 Aug 2026 | Rothstein Adam, Director | Took pay in stock | 502 | $9.96 | $5.0K | – | 18 Aug 2026 |
| 14 Aug 2026 | Taylor Ryan P., Director | Took pay in stock | 502 | $9.96 | $5.0K | – | 18 Aug 2026 |
| 14 Aug 2026 | Er Reservoir Llc, 10% owner | Took pay in stock | 502 | $9.96 | $5.0K | – | 18 Aug 2026 |
| 22 Jun 2026 | Koss Jennifer G., Director | Took pay in stock | 492 | $10.15 | $5.0K | – | 18 Aug 2026 |
| 22 Jun 2026 | Field Ezra S., Director | Took pay in stock | 1,231 | $10.15 | $12.5K | – | 24 Jun 2026 |
| 22 Jun 2026 | Rothstein Adam, Director | Took pay in stock | 492 | $10.15 | $5.0K | – | 24 Jun 2026 |
| 22 Jun 2026 | Cook Stephen M., Director | Took pay in stock | 492 | $10.15 | $5.0K | – | 24 Jun 2026 |
| 22 Jun 2026 | Taylor Ryan P., Director | Took pay in stock | 492 | $10.15 | $5.0K | – | 24 Jun 2026 |
| 22 Jun 2026 | Er Reservoir Llc, 10% owner | Took pay in stock | 492 | $10.15 | $5.0K | – | 24 Jun 2026 |
| 20 Feb 2026 | Er Reservoir Llc, 10% owner | Took pay in stock | 654 | $7.64 | $5.0K | – | 24 Feb 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 4 Mar 2026 | ER Reservoir LLC | 13D amended | 21.45% | 14.1M |
| 4 Mar 2026 | ER Reservoir LLC | 13D amended | 21.45% | 14.1M |
| 4 Mar 2026 | ER Reservoir LLC | 13D amended | 21.45% | 14.1M |
| 4 Mar 2026 | ER Reservoir LLC | 13D amended | 21.45% | 14.1M |
| 4 Mar 2026 | ER Reservoir LLC | 13D amended | 21.45% | 14.1M |
| 4 Mar 2026 | ER Reservoir LLC | 13D amended | 21.45% | 14.1M |
| 4 Mar 2026 | ER Reservoir LLC | 13D amended | 21.45% | 14.1M |
| 4 Mar 2026 | ER Reservoir LLC | 13D amended | 21.45% | 14.1M |
| 3 Mar 2026 | Wesbild, Inc. | 13D amended | 44.6% | 29.3M |
| 2 Mar 2026 | Irenic Capital Management LP | 13D amended | 9.3% | 6.1M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 339.8K | -19.15% | 7.54 |
| 30 Sep 2026 | 420.3K | -30.69% | 3.67 |
| 15 Sep 2026 | 606.3K | +17.33% | 7.33 |
| 31 Aug 2026 | 516.8K | -1.89% | 17.56 |
| 14 Aug 2026 | 526.7K | +12.43% | 11.14 |
| 31 Jul 2026 | 468.5K | -35.53% | 7.42 |
| 15 Jul 2026 | 726.7K | +9.75% | 17.07 |
| 30 Jun 2026 | 662.1K | -1.93% | 8.89 |
Funds that hold it
From each fund's latest Form 13F.
87 funds held it at 30 Jun 2026: 29 added and 23 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Irenic Capital Management LP | 6,260,176 | $61.9M | +79,000 |
| Nantahala Capital Management, LLC | 1,881,920 | $18.6M | – |
| BlackRock, Inc. | 1,267,271 | $12.5M | +35,819 |
| Dimensional Fund Advisors LP | 1,205,616 | $11.9M | +65,253 |
| Federated Hermes, Inc. | 825,115 | $8.2M | -174,885 |
| Geode Capital Management, LLC | 672,487 | $6.7M | -8,800 |
| AWM Investment Company, Inc. | 545,453 | $5.4M | -6,141 |
| Gruss & Co., LLC | 511,834 | $5.1M | 0 |
| State Street Corp. | 419,734 | $4.2M | +14,704 |
| Russell Investments Group, Ltd. | 405,100 | $4.0M | -72,326 |
Peers
Companies in the same industry.
- Live Nation Entertainment, Inc. (LYV): revenue $26.3B, market value $41.9B
- TKO Group Holdings, Inc. (TKO): revenue $5.3B, market value $13.6B
- Liberty Live Holdings, Inc. (LLYVA): revenue $407.0M, market value $9.2B
- Sphere Entertainment Co. (SPHR): revenue $1.4B, market value $4.1B
- Atlanta Braves Holdings, Inc. (BATRA): revenue $750.0M, market value $3.5B
- Accel Entertainment, Inc. (ACEL): revenue $1.4B, market value $918.3M
- Six Flags Entertainment Corporation (FUN): revenue $3.1B, market value $785.3M
- Warner Music Group Corp. (WMG): revenue $7.3B, market value –