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$644M

Current Price$9.81

P/E Ratio98.10

P/B Ratio1.72

EV / EBITDA16.35

EV / Sales6.39

Profitability

Operating Margin-

Net Profit Margin4.9%

EBITDA Margin36.6%

Returns

ROE2.1%

ROCE-

ROIC %3.4%

ROA0.9%

Solvency

Current Ratio1.19

Debt / Equity1.08

Debt / Assets0.46

CFO / Net Profit5.84

Price History▲ 34.02% 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: 2025

Revenue$159M▲ 9.6%

EBITDA$58M

Net Profit$8M▲ 1101.7%

Cash from Ops (CFO)$45M

Free Cash Flow (FCF)$-51M

Revenue CAGR 3Y-

Revenue CAGR 5Y-

Net Profit CAGR 3Y-

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
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%	13.4%	-80.6%
2022	$108M	$47M	$13M	$-182M	3.8%	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2022	2023	2024	2025
Total Revenue	107.84	122.29	144.86	158.71
Cost Of Revenue	44.19	47.99	55.48	57.43
Gross Profit	63.65	74.30	89.38	101.28
Operating Expense	44.30	53.24	64.80	66.21
Operating Income	19.35	21.06	24.58	35.06
EBITDA	47.27	45.24	47.25	58.05
EBIT	28.25	23.16	22.26	31.76
Pretax Income	17.38	8.40	1.17	9.87
Tax Provision	4.25	5.62	0.33	2.14
Net Income	13.08	2.54	0.64	7.75
Net Income Common Stockholders	11.89	2.54	0.64	7.75
Total Expenses	88.49	101.23	120.28	123.64
Interest Expense	10.87	14.76	21.09	21.88
Interest Income	0.01	0	0	0
Selling General And Administration	25.28	31.17	39.82	39.92
Normalized EBITDA	38.39	43.12	48.47	61.69
Normalized Income	6.37	0.86	1.52	10.60
Basic EPS	0.23	0.04	0.01	0.12
Diluted EPS	0.22	0.04	0.01	0.12
Tax Effect Of Unusual Items	2.18	0.45	-0.35	-0.79
Tax Rate For Calcs	0.24	0.21	0.29	0.22
Total Unusual Items	8.89	2.12	-1.23	-3.64
Total Unusual Items Excluding Goodwill	8.89	2.12	-1.23	-3.64
Net Income From Continuing Operation Net Minority Interest	13.08	2.54	0.64	7.75
Reconciled Depreciation	19.02	22.07	24.99	26.30
Reconciled Cost Of Revenue	44.19	47.99	55.48	57.43
Net Interest Income	-10.87	-14.76	-21.09	-21.88
Net Income From Continuing And Discontinued Operation	13.08	2.54	0.64	7.75
Total Operating Income As Reported	19.35	21.06	24.58	35.06
Diluted Average Shares	58.45	64.83	65.26	65.95
Basic Average Shares	52.61	64.34	64.76	65.16
Diluted NI Availto Com Stockholders	11.89	2.54	0.64	7.75
Otherunder Preferred Stock Dividend	1.18	0	0	0
Minority Interests	-0.05	-0.24	-0.19	0.02
Net Income Including Noncontrolling Interests	13.13	2.78	0.84	7.73
Net Income Continuous Operations	13.13	2.78	0.84	7.73
Other Income Expense	8.90	2.10	-2.32	-3.31
Other Non Operating Income Expenses	0.01	-0.02	-1.09	0.33
Special Income Charges	0	-0.91	0	0
Other Special Charges	0	0.91	0	0
Gain On Sale Of Security	8.89	3.03	-1.23	-3.64
Net Non Operating Interest Income Expense	-10.87	-14.76	-21.09	-21.88
Interest Expense Non Operating	10.87	14.76	21.09	21.88
Interest Income Non Operating	0.01	0	0	0
Depreciation Amortization Depletion Income Statement	19.02	22.07	24.99	26.30
Depreciation And Amortization In Income Statement	19.02	22.07	24.99	26.30
General And Administrative Expense	25.28	31.17	39.82	39.92
Other Gand A	25.28	31.17	39.82	39.92
Operating Revenue	106.58	118.66	138.56	151.66

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	$644M	98.10↑ premium	1.72	2.1%	16.35
NerdWallet, Inc.	NRDS	$711M	16.89	2.06	13.0%	7.91
Bumble Inc.	BMBL	$639M	-	0.96	-101.8%	3.98
Cars.com Inc.	CARS	$626M	34.28	1.36	4.2%	6.92
Shutterstock, Inc.	SSTK	$617M	13.66

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

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%

13.4%

-80.6%

2022

$108M

$47M

$13M

$-182M

3.8%

Metric

2022

2023

2024

2025

Total Revenue

107.84

122.29

144.86

158.71

Cost Of Revenue

44.19

47.99

55.48

57.43

Gross Profit

63.65

74.30

89.38

101.28

Operating Expense

44.30

53.24

64.80

66.21

Operating Income

19.35

21.06

24.58

35.06

EBITDA

47.27

45.24

47.25

58.05

EBIT

28.25

23.16

22.26

31.76

Pretax Income

17.38

8.40

1.17

9.87

Tax Provision

4.25

5.62

0.33

2.14

Net Income

13.08

2.54

0.64

7.75

Net Income Common Stockholders

11.89

2.54

0.64

7.75

Total Expenses

88.49

101.23

120.28

123.64

Interest Expense

10.87

14.76

21.09

21.88

Interest Income

0.01

Selling General And Administration

25.28

31.17

39.82

39.92

Normalized EBITDA

38.39

43.12

48.47

61.69

Normalized Income

6.37

0.86

1.52

10.60

Basic EPS

0.23

0.04

0.01

0.12

Diluted EPS

0.22

0.04

0.01

0.12

Tax Effect Of Unusual Items

2.18

0.45

-0.35

-0.79

Tax Rate For Calcs

0.24

0.21

0.29

0.22

Total Unusual Items

8.89

2.12

-1.23

-3.64

Total Unusual Items Excluding Goodwill

8.89

2.12

-1.23

-3.64

Net Income From Continuing Operation Net Minority Interest

13.08

2.54

0.64

7.75

Reconciled Depreciation

19.02

22.07

24.99

26.30

Reconciled Cost Of Revenue

44.19

47.99

55.48

57.43

Net Interest Income

-10.87

-14.76

-21.09

-21.88

Net Income From Continuing And Discontinued Operation

13.08

2.54

0.64

7.75

Total Operating Income As Reported

19.35

21.06

24.58

35.06

Diluted Average Shares

58.45

64.83

65.26

65.95

Basic Average Shares

52.61

64.34

64.76

65.16

Diluted NI Availto Com Stockholders

11.89

2.54

0.64

7.75

Otherunder Preferred Stock Dividend

1.18

Minority Interests

-0.05

-0.24

-0.19

0.02

Net Income Including Noncontrolling Interests

13.13

2.78

0.84

7.73

Net Income Continuous Operations

13.13

2.78

0.84

7.73

Other Income Expense

8.90

2.10

-2.32

-3.31

Other Non Operating Income Expenses

0.01

-0.02

-1.09

0.33

Special Income Charges

-0.91

Other Special Charges

0.91

Gain On Sale Of Security

8.89

3.03

-1.23

-3.64

Net Non Operating Interest Income Expense

-10.87

-14.76

-21.09

-21.88

Interest Expense Non Operating

10.87

14.76

21.09

21.88

Interest Income Non Operating

0.01

Depreciation Amortization Depletion Income Statement

19.02

22.07

24.99

26.30

Depreciation And Amortization In Income Statement

19.02

22.07

24.99

26.30

General And Administrative Expense

25.28

31.17

39.82

39.92

Other Gand A

25.28

31.17

39.82

39.92

Operating Revenue

106.58

118.66

138.56

151.66

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Reservoir Media, Inc.this co.

RSVR

$644M

98.10↑ premium

1.72

2.1%

16.35

NerdWallet, Inc.

NRDS

$711M

16.89

2.06

13.0%

7.91

Bumble Inc.

BMBL

$639M

0.96

-101.8%

3.98

Cars.com Inc.

CARS

$626M

34.28

1.36

4.2%

6.92

Shutterstock, Inc.

SSTK

$617M

13.66

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