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RSVRW

Reservoir Media, Inc.

RSVRW

Reservoir Media, Inc. • NASDAQ
$0.33 ▼ -5.71% (-0.02)
Market Cap $21.57 M
52w High $1.50
52w Low $0.16
Dividend Yield 0%
P/E 0.01
Volume 15.90K
Outstanding Shares 65.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $45.435M ▲ $5.037M ▼ $2.258M ▲ 4.969% ▲ $0.03 ▲ $10.372M ▼
Q1-2025 $37.164M ▼ $11.211M ▲ $-555.659K ▼ -1.495% ▼ $-0.009 ▼ $12.695M ▼
Q4-2024 $41.418M ▼ $9.978M ▼ $2.667M ▼ 6.44% ▼ $0.041 ▼ $16.179M ▼
Q3-2024 $42.304M ▲ $10.964M ▲ $5.244M ▲ 12.396% ▲ $0.08 ▲ $19.789M ▲
Q2-2024 $40.667M $9.284M $185.015K 0.455% $0.003 $11.39M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $27.939M ▲ $903.536M ▲ $531.419M ▲ $370.937M ▲
Q1-2025 $14.857M ▼ $856.976M ▼ $486.868M ▼ $368.875M ▲
Q4-2024 $21.386M ▲ $865.127M ▲ $498.927M ▲ $364.878M ▲
Q3-2024 $17.76M ▼ $832.366M ▲ $471.583M ▲ $359.515M ▲
Q2-2024 $21.068M $778.232M $418.966M $357.915M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $2.258M ▲ $19.291M ▲ $-40.359M ▼ $34M ▲ $13.082M ▲ $19.165M ▲
Q1-2025 $-643.725K ▼ $6.014M ▼ $-9.659M ▲ $-2.509M ▼ $-6.529M ▼ $-1.958M ▲
Q4-2024 $2.721M ▼ $12.175M ▲ $-24.789M ▲ $16.002M ▼ $3.626M ▲ $-14.132M ▲
Q3-2024 $5.312M ▲ $11.233M ▼ $-61.229M ▼ $46.854M ▲ $-3.308M ▼ $-48.423M ▼
Q2-2024 $151.989K $13.316M $-8.803M $76.647K $4.709M $4.613M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Other Segments
Other Segments
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Reservoir Media shows a clear pattern of steady growth. Revenue has climbed each year, and core profitability has gradually improved as the business has scaled. Operating profits and cash-style earnings are trending upward, which suggests the core catalog and new deals are working. That said, bottom‑line earnings are still modest and somewhat uneven from year to year. This is typical for a rights and catalog business that is investing heavily in growth, but it means results can be sensitive to deal timing, accounting for acquisitions, and changes in how music is consumed (especially streaming). Overall, the direction is positive, but the profit cushion is not yet very thick.

Balance Sheet

Balance Sheet The balance sheet reflects a company that has been building up its music catalog and other assets over time. Total assets have risen meaningfully, and shareholder equity has also grown, indicating that past investments are being supported by a stronger ownership base. Debt has increased alongside this growth, which is common in catalog-heavy media businesses that finance acquisitions. Leverage does not look extreme but is clearly an important part of the model now. Cash on hand is relatively small compared with the size of the balance sheet, so the company likely relies on ongoing cash generation and access to credit. In short, Reservoir is asset‑rich but depends on careful balance between borrowing and earnings to keep risk in check.

Cash Flow

Cash Flow Operating cash flow has been consistently positive and has improved over time, which is a good sign that the catalog is generating real cash, not just accounting profits. However, free cash flow has stayed negative because of heavy spending on catalog expansion and related investments. In practice, this means the company is plowing most of its cash (and more) back into growth, relying on external financing or the balance sheet to fund that gap. This pattern fits an active acquirer but leaves less room for error if conditions in the music or credit markets weaken. The sustainability of this investment pace depends on how well new assets perform and how easily the company can continue to fund them.

Competitive Edge

Competitive Edge Reservoir’s strength lies in its deep and diverse catalog and its focus on being a high‑touch, artist‑friendly independent player. It owns a wide spread of timeless songs and recordings, which generate recurring royalty income and reduce dependence on any single artist or trend. Strategic acquisitions of culturally important catalogs and labels have broadened its reach and enhanced its reputation in the industry. The company also benefits from a global footprint, including early moves into faster‑growing regions such as the Middle East and North Africa, which can be a meaningful edge as streaming expands worldwide. On the other hand, it competes with very large global music companies and well‑funded financial buyers for attractive catalogs. Success will depend on continuing to source good deals, extracting more value from existing rights, and maintaining strong relationships with artists and partners.

Innovation and R&D

Innovation and R&D Reservoir is not a traditional technology company, but it uses a “tech‑enabled” approach to manage and grow the value of its music rights. This includes systems for tracking and collecting royalties around the world, and using data to understand where songs are performing well and where new opportunities lie. Its innovation is as much strategic as it is technical: bespoke catalog management (for example, getting long‑blocked catalogs onto streaming), creative partnerships for sync and covers, and deals that combine ownership with ongoing marketing and distribution. The company is also experimenting at the edges of the industry, such as immersive entertainment experiences, genre‑specific joint ventures, and using name‑and‑likeness rights for broader branding. These initiatives suggest a focus on squeezing more value out of each right rather than just buying more catalogs, but their long‑term impact is still emerging.

Summary

Reservoir Media looks like a growing, acquisition‑driven music rights company with a steadily improving earnings base and a catalog‑centric business model. The income statement shows rising revenue and better underlying profitability, but net income remains relatively thin and subject to swings. The balance sheet has expanded as the catalog has grown, funded by a mix of equity and increasing debt, leaving the company asset‑rich but reliant on prudent leverage management. Cash flows tell the clearest story: the existing catalog throws off cash, but aggressive investment keeps free cash flow negative, underscoring a “grow now, harvest later” stance. Competitively, Reservoir benefits from a diverse set of valuable rights, a global footprint, and an artist‑centric positioning that helps differentiate it from larger rivals. Its innovation comes from how it manages and exploits its rights—through data, partnerships, and new experience‑driven formats—rather than from pure technology. Overall, the business profile is that of a niche, growing music IP owner that is still in a build‑out phase. The main opportunities lie in further monetizing its catalog and expanding into high‑growth regions and formats, while the main risks stem from reliance on acquisitions, rising leverage, and the evolving economics of the streaming‑driven music ecosystem.