RSVR · NASDAQ · Entertainment

Reservoir Media (RSVR)

Acquiring and administering music rights across publishing and recorded music.

$9.49
vs last close−0.10 (−0.99%)
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Reservoir Media, Inc.RSVR
Communication Services

It operates through Music Publishing, which acquires catalog interests and signs songwriters, and Recorded Music, which handles sound-recording catalogs and recordings. Strategic acquisitions and long-term rights ownership link the two segments.

Music Publishing acquires catalog interests and signs songwriters to exclusive agreements. Recorded Music acquires sound-recording catalogs and develops, markets, distributes, sells, and licenses recorded-music assets.

From New York, the independent music company uses offices in Los Angeles, Nashville, Toronto, London, Abu Dhabi, and Mumbai to support operations across North America, Europe, the Middle East, and India. The strategy is to scale through strategic catalog acquisitions and long-term ownership of rights, expanding across genres and geographies while combining publishing rights with a recorded-music platform.

The business depends on owning, administering, licensing, and commercially using its music rights.

Company facts

CEOGolnar Khosrowshahi
ListedJul 29, 2021
ExchangeNASDAQ
HeadquartersNew York, NY
CountryUnited States
Employees100
CIK0001824403
ISINUS76119X1054

Market cap$630.5M
EPS (ttm)$0.1371
P/E (ttm)69.88
ROE2.3%
P/B1.67
P/S3.50
Dividend yieldDiv yield
Beta0.27vs XLC 0.58

No analyst consensus on record.

Next report
Nov 3, 26
in 42 days
EPS estimate
$0.04
Revenue estimate
$48.7M
Fiscal quarter
Q2 FY27

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.08$0.04−$0.01$0.03$0.03$0.07$0.00Pending
Estimate$0.02$0.04−$0.01$0.05$0.02$0.05−$0.01$0.04
Surprise+300.0%0.0%0.0%−40.0%+50.0%+40.0%+86.0%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$42.3M$41.4M$37.2M$45.4M$45.6M$47.5M$41.5MPending
Estimate$38.6M$40.9M$36.3M$43.1M$42.6M$44.4M$41.5M$48.7M
Surprise+9.7%+1.2%+2.5%+5.3%+6.9%+6.9%0.0%
Estimate$0.04
ReportedDue Nov 3, 2026
Estimate$48.7M
ReportedDue Nov 3, 2026
View details

Debt to equity124.20%
Current ratio130.80%

ProfitabilityRevenueNet incomeNet margin

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue$40.7M$42.3M$41.4M$37.2M$45.4M$45.6M$47.5M$41.5M
Net income$185.0K$5.2M$2.7M−$555.7K$2.3M$2.2M$4.4M−$93.1K
Net margin0.5%12.4%6.4%0.0%5.0%4.8%9.3%0.0%

GrowthOperating income

Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Operating income$10.1M$9.6M$10.4M$5.4M$10.7M$10.3M$11.8M$5.4M
YoY growth+46.6%+18.9%+9.8%+5.6%+7.8%+13.0%−1.3%

Balance sheet, Jun 30, 2026Cash & short-term investments $13.7M · Total debt $469.3M · Total assets $948.9M · Shareholders' equity $377.8M

Revenue
$41.5M
Operating income
$5.4M
Net income
−$93.1K
View details

No dividends on record.

Institutions24.89%16.41M shares
83 holders · as of Jun 30, 2026
Insiders69.41%45.76M shares
11 holders · as of Aug 18, 2026
Strategic holders0.02%11.7K shares
1 holder · as of Aug 18, 2026
Other5.68%3.75M shares
remainder

65.93M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Hassan KhosrowshahiInsider10 percent owner
44.41%29.28Mfiled Mar 3, 2026
Ryan P. Taylor1Insiderdirector, other: May be deemed a 10% owner
21.36%14.07Mfiled Aug 18, 2026
Irenic Capital Management LPInstitution
9.50%6.26Mas of Jun 30, 2026
Caledonia (Private) Investments Pty LimitedInstitution
5.86%3.86Mfiled Feb 15, 2022
BlackRock, Inc.Institution
1.92%1.27Mas of Jun 30, 2026
  1. Ryan P. Taylor's transaction reports restate only vehicles that traded; the 2026 ownership statement (14.07M) plus the 9.0K net shares acquired since is used instead.

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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