Reservoir Media, Inc.

RSVR

Communication ServicesSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Reservoir Media, Inc. operates as a music publishing company. The company operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs. Reservoir Media, Inc. was founded in 2007 and is headquartered in New York, New York.

Valuation

Market Cap$672M

Current Price$10.19as of Jun 23, 2026

P/E Ratio80.90

P/B Ratio1.78

EV / EBITDA16.22

EV / Sales6.31

Profitability

Operating Margin21.8%

Net Profit Margin4.7%

EBITDA Margin38.9%

Returns

ROE2.2%

ROCE4.3%

ROIC %3.4%

ROA0.9%

Solvency

Current Ratio1.41

Debt / Equity1.23

Debt / Assets0.49

CFO / Net Profit6.04

Price History▲ 34.26% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2026

Revenue$176M▲ 10.7%

EBITDA$68M▲ 17.8%

Net Profit$8M▲ 7.1%

Cash from Ops (CFO)$50M▲ 10.7%

Free Cash Flow (FCF)$-52M▲ 1.3%

Revenue CAGR 3Y12.8%

Revenue CAGR 5Y-

Net Profit CAGR 3Y48.4%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2026	$176M	$68M	$8M	$-52M	2.2%	10.7%	7.1%
2025	$159M	$58M	$8M	$-51M	2.1%	9.6%	1101.7%
2024	$145M	$47M	$1M	$-14M	0.2%	18.5%	-74.6%
2023	$122M	$45M	$3M	$-41M	0.7%	-	-
2022	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2022	2023	2024	2025	2026
Total Revenue	-	122.29	144.86	158.71	175.66
Operating Revenue	-	118.66	138.56	151.66	168.32
Cost Of Revenue	-	47.99	55.48	57.43	61.99
Gross Profit	-	74.30	89.38	101.28	113.67
Operating Expense	-	53.24	64.80	66.21	75.44
Selling General And Administration	-	31.17	39.82	39.92	44.66
Total Expenses	-	101.23	120.28	123.64	137.43
Operating Income	-	21.06	24.58	35.06	38.23
Total Operating Income As Reported	-	21.06	24.58	35.06	38.23
EBITDA	-	45.24	47.25	58.05	68.39
Normalized EBITDA	-	43.12	48.47	61.69	68.51
EBIT	-	23.16	22.26	31.76	37.61
Interest Income	0.01	-	-	-	-
Interest Expense	-	14.76	21.09	21.88	26.45
Net Interest Income	-	-14.76	-21.09	-21.88	-26.45
Other Non Operating Income Expenses	-	-0.02	-1.09	0.33	-0.50
Other Income Expense	-	2.10	-2.32	-3.31	-0.62
Interest Income Non Operating	0.01	-	-	-	-
Interest Expense Non Operating	-	14.76	21.09	21.88	26.45
Net Non Operating Interest Income Expense	-	-14.76	-21.09	-21.88	-26.45
Pretax Income	-	8.40	1.17	9.87	11.15
Tax Provision	-	5.62	0.33	2.14	3.33
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	0.45	-0.35	-0.79	-0.04
Net Income Continuous Operations	-	2.78	0.84	7.73	7.83
Net Income From Continuing And Discontinued Operation	-	2.54	0.64	7.75	8.30
Net Income From Continuing Operation Net Minority Interest	-	2.54	0.64	7.75	8.30
Net Income	-	2.54	0.64	7.75	8.30
Net Income Common Stockholders	-	2.54	0.64	7.75	8.30
Net Income Including Noncontrolling Interests	-	2.78	0.84	7.73	7.83
Normalized Income	-	0.86	1.52	10.60	8.39
Diluted NI Availto Com Stockholders	-	2.54	0.64	7.75	8.30
Basic Average Shares	52.61	64.34	64.76	65.16	-
Diluted Average Shares	58.45	64.83	65.26	65.95	-
Reconciled Depreciation	-	22.07	24.99	26.30	30.78
Reconciled Cost Of Revenue	-	47.99	55.48	57.43	61.99
Total Unusual Items	-	2.12	-1.23	-3.64	-0.12
Total Unusual Items Excluding Goodwill	-	2.12	-1.23	-3.64	-0.12
Minority Interests	-	-0.24	-0.19	0.02	0.48
Special Income Charges	0	-0.91	0	-	-
Other Special Charges	-	0.91	-	-	-
Gain On Sale Of Security	-	3.03	-1.23	-3.64	-0.12
Depreciation Amortization Depletion Income Statement	-	22.07	24.99	26.30	30.78
Depreciation And Amortization In Income Statement	-	22.07	24.99	26.30	30.78
General And Administrative Expense	-	31.17	39.82	39.92	44.66
Other Gand A	-	31.17	39.82	39.92	44.66
Otherunder Preferred Stock Dividend	1.18	0	-	-	-

Peer Comparison

Communication Services sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Reservoir Media, Inc.this co.	RSVR	$672M	80.90↑ premium	1.78	2.2%	16.22
Scholastic Corporation	SCHL	$803M	-422.50	0.85	-0.2%	10.00
Groupon, Inc.	GRPN	$704M	-8.43	-16.54	196.2%	-60.11
QuinStreet, Inc.	QNST	$681M	144.74	2.79	1.9%	19.33
EverQuote, Inc.	EVER	$680M

Learn while you research

Hand-picked academy chapters to deepen your understanding of Reservoir Media, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Valuation Multiples Explained

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2026

$176M

$68M

$8M

$-52M

2.2%

10.7%

7.1%

2025

$159M

$58M

$8M

$-51M

2.1%

9.6%

1101.7%

2024

$145M

$47M

$1M

$-14M

0.2%

18.5%

-74.6%

2023

$122M

$45M

$3M

$-41M

0.7%

2022

Metric

2022

2023

2024

2025

2026

Total Revenue

122.29

144.86

158.71

175.66

Operating Revenue

118.66

138.56

151.66

168.32

Cost Of Revenue

47.99

55.48

57.43

61.99

Gross Profit

74.30

89.38

101.28

113.67

Operating Expense

53.24

64.80

66.21

75.44

Selling General And Administration

31.17

39.82

39.92

44.66

Total Expenses

101.23

120.28

123.64

137.43

Operating Income

21.06

24.58

35.06

38.23

Total Operating Income As Reported

21.06

24.58

35.06

38.23

EBITDA

45.24

47.25

58.05

68.39

Normalized EBITDA

43.12

48.47

61.69

68.51

EBIT

23.16

22.26

31.76

37.61

Interest Income

0.01

Interest Expense

14.76

21.09

21.88

26.45

Net Interest Income

-14.76

-21.09

-21.88

-26.45

Other Non Operating Income Expenses

-0.02

-1.09

0.33

-0.50

Other Income Expense

2.10

-2.32

-3.31

-0.62

Interest Income Non Operating

0.01

Interest Expense Non Operating

14.76

21.09

21.88

26.45

Net Non Operating Interest Income Expense

-14.76

-21.09

-21.88

-26.45

Pretax Income

8.40

1.17

9.87

11.15

Tax Provision

5.62

0.33

2.14

3.33

Tax Rate For Calcs

Tax Effect Of Unusual Items

0.45

-0.35

-0.79

-0.04

Net Income Continuous Operations

2.78

0.84

7.73

7.83

Net Income From Continuing And Discontinued Operation

2.54

0.64

7.75

8.30

Net Income From Continuing Operation Net Minority Interest

2.54

0.64

7.75

8.30

Net Income

2.54

0.64

7.75

8.30

Net Income Common Stockholders

2.54

0.64

7.75

8.30

Net Income Including Noncontrolling Interests

2.78

0.84

7.73

7.83

Normalized Income

0.86

1.52

10.60

8.39

Diluted NI Availto Com Stockholders

2.54

0.64

7.75

8.30

Basic Average Shares

52.61

64.34

64.76

65.16

Diluted Average Shares

58.45

64.83

65.26

65.95

Reconciled Depreciation

22.07

24.99

26.30

30.78

Reconciled Cost Of Revenue

47.99

55.48

57.43

61.99

Total Unusual Items

2.12

-1.23

-3.64

-0.12

Total Unusual Items Excluding Goodwill

2.12

-1.23

-3.64

-0.12

Minority Interests

-0.24

-0.19

0.02

0.48

Special Income Charges

-0.91

Other Special Charges

0.91

Gain On Sale Of Security

3.03

-1.23

-3.64

-0.12

Depreciation Amortization Depletion Income Statement

22.07

24.99

26.30

30.78

Depreciation And Amortization In Income Statement

22.07

24.99

26.30

30.78

General And Administrative Expense

31.17

39.82

39.92

44.66

Other Gand A

31.17

39.82

39.92

44.66

Otherunder Preferred Stock Dividend

1.18

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Reservoir Media, Inc.this co.

RSVR

$672M

80.90↑ premium

1.78

2.2%

16.22

Scholastic Corporation

SCHL

$803M

-422.50

0.85

-0.2%

10.00

Groupon, Inc.

GRPN

$704M

-8.43

-16.54

196.2%

-60.11

QuinStreet, Inc.

QNST

$681M

144.74

2.79

1.9%

19.33

EverQuote, Inc.

EVER

$680M

Reservoir Media, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Reservoir Media, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on