Reservoir Media, Inc. (RSVR) 10-Year Financial Performance & Capital Metrics

RSVR • • Industrial / General

Communication ServicesEntertainmentMusic & Audio EntertainmentMusic Publishing & Record Labels

AboutReservoir Media, Inc. operates as a music publishing company. It operates in 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. The company was founded in 2007 and is headquartered in New York, New York. Reservoir Media, Inc. is a subsidiary of Reservoir Holdings, Inc.Show more

Revenue $159M +9.6%
EBITDA $61M +23.8%
Net Income $8M +1101.7%
EPS (Diluted) 0.12 +1112.1%
Gross Margin 47.24% +6.3%
EBITDA Margin 38.66% +13.0%
Operating Margin 22.09% +30.2%
Net Margin 4.88% +996.9%
ROE 2.15% +1074.0%
ROIC 3.72% +34.0%
Debt/Equity 1.08 +13.0%
Interest Coverage 1.60 +37.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 1.4x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.0%
✗Negative free cash flow
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y13.75%

TTM11.17%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-13.31%

TTM3018.32%

EPS CAGR

10Y-

5Y-67.64%

3Y-18.29%

TTM2621.43%

ROCE

10Y Avg4.33%

5Y Avg3.86%

3Y Avg3.73%

Latest4.61%

Peer Comparison

Music Publishing & Record Labels

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RSVRReservoir Media, Inc.	495.85M	7.56	63	9.56%	5.78%	2.58%		1.08
WMGWarner Music Group Corp.	4.54B	30.88	44.75	4.37%	9.26%	82.03%	11.87%	6.09

Profit & Loss

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	49.23M	0	80.25M	107.84M	122.29M	144.86M	158.71M
Revenue Growth %	-	-1%	-	0.34%	0.13%	0.18%	0.1%
Cost of Goods Sold+	20.59M	0	46.93M	63.21M	70.06M	80.46M	83.73M
COGS % of Revenue	0.42%	-	0.58%	0.59%	0.57%	0.56%	0.53%
Gross Profit+	28.64M	0	33.31M	44.63M	52.23M	64.39M	74.98M
Gross Margin %	0.58%	-	0.42%	0.41%	0.43%	0.44%	0.47%
Gross Profit Growth %	-	-1%	-	0.34%	0.17%	0.23%	0.16%
Operating Expenses+	17.23M	0	14.99M	25.28M	31.17M	39.82M	39.92M
OpEx % of Revenue	0.35%	-	0.19%	0.23%	0.25%	0.27%	0.25%
Selling, General & Admin	8.67M	0	14.99M	25.28M	31.17M	39.82M	39.92M
SG&A % of Revenue	0.18%	-	0.19%	0.23%	0.25%	0.27%	0.25%
Research & Development	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0
Operating Income+	13.57M	0	18.33M	19.35M	21.06M	24.58M	35.06M
Operating Margin %	0.28%	-	0.23%	0.18%	0.17%	0.17%	0.22%
Operating Income Growth %	-	-1%	-	0.06%	0.09%	0.17%	0.43%
EBITDA+	19.97M	-1.22K	32.41M	38.38M	43.13M	49.56M	61.36M
EBITDA Margin %	0.41%	-	0.4%	0.36%	0.35%	0.34%	0.39%
EBITDA Growth %	-	-1%	26562.58%	0.18%	0.12%	0.15%	0.24%
D&A (Non-Cash Add-back)	6.4M	0	14.08M	19.02M	22.07M	24.99M	26.3M
EBIT	13.57M	-1.22K	20.42M	28.25M	23.16M	22.26M	31.76M
Net Interest Income+	0	11.94M	-8.96M	-10.87M	-14.76M	-21.09M	-21.88M
Interest Income	6.66M	11.94M	13.24K	0	0	0	0
Interest Expense	0	0	8.97M	10.87M	14.76M	21.09M	21.88M
Other Income/Expense	-8.82M	-1.23K	-6.88M	-1.97M	-12.65M	-23.4M	-25.19M
Pretax Income+	4.75M	-1.23K	11.45M	17.38M	8.4M	1.17M	9.87M
Pretax Margin %	0.1%	-	0.14%	0.16%	0.07%	0.01%	0.06%
Income Tax+	893.06K	0	2.15M	4.25M	5.62M	334.8K	2.14M
Effective Tax Rate %	0.81%	1%	0.51%	0.68%	0.3%	0.55%	0.79%
Net Income+	3.86M	-1.23K	5.89M	11.89M	2.54M	644.94K	7.75M
Net Margin %	0.08%	-	0.07%	0.11%	0.02%	0%	0.05%
Net Income Growth %	-	-1%	4811.64%	1.02%	-0.79%	-0.75%	11.02%
Net Income (Continuing)	3.86M	-1.23K	9.3M	13.13M	2.78M	837.26K	7.73M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	959.02K	1.01M	1.06M	1.3M	1.49M	1.32M
EPS (Diluted)+	30.82	33.83	0.21	0.22	0.04	0.01	0.12
EPS Growth %	-	0.1%	-0.99%	0.05%	-0.82%	-0.75%	-
EPS (Basic)	30.82	51.38	0.21	0.23	0.04	0.01	0.12
Diluted Shares Outstanding	125.23K	195.74K	28.54M	58.45M	64.83M	65.26M	65.95M
Basic Shares Outstanding	125.23K	128.88K	28.54M	52.61M	64.34M	64.76M	65.16M
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	33.13M	82.27M	39.27M	59.44M	66.81M	70.91M	79.28M
Cash & Short-Term Investments	9.03M	58.24M	9.21M	17.81M	14.9M	18.13M	21.39M
Cash Only	9.03M	58.24M	9.21M	17.81M	14.9M	18.13M	21.39M
Short-Term Investments	0	0	0	0	0	0	0
Accounts Receivable	9.21M	9.75M	15.81M	25.21M	31.26M	33.23M	37.85M
Days Sales Outstanding	68.3	-	71.93	85.33	93.29	83.72	87.05
Inventory	227.1K	431.03K	1.41M	4.04M	5.46M	6.3M	4.87M
Days Inventory Outstanding	4.03	-	10.94	23.34	28.44	28.58	21.22
Other Current Assets	14.66M	13.85M	0	0	0	0	0
Total Non-Current Assets+	185.33M	314.32M	422.59M	624.83M	687.28M	712.63M	785.84M
Property, Plant & Equipment	245.92K	602.98K	321.77K	342.08K	7.92M	7.54M	6.36M
Fixed Asset Turnover	200.19x	-	249.39x	315.25x	15.43x	19.21x	24.97x
Goodwill	0	402.07K	0	402.07K	402.07K	402.07K	402.07K
Intangible Assets	164.65M	285.11M	391.15M	571.38M	617.4M	640.22M	719.67M
Long-Term Investments	1.47M	1.5M	1.59M	3.91M	2.31M	1.45M	1.1M
Other Non-Current Assets	18.96M	26.71M	29.52M	48.79M	59.24M	63.01M	58.31M
Total Assets+	218.47M	396.59M	461.86M	684.27M	754.08M	783.53M	865.13M
Asset Turnover	0.23x	-	0.17x	0.16x	0.16x	0.18x	0.18x
Asset Growth %	-	0.82%	0.16%	0.48%	0.1%	0.04%	0.1%
Total Current Liabilities+	14.35M	23.44M	25.38M	41.06M	54.55M	60.37M	65.84M
Accounts Payable	2.09M	876.14K	3.32M	4.44M	6.68M	9.02M	5.39M
Days Payables Outstanding	37.07	-	25.8	25.62	34.8	40.9	23.52
Short-Term Debt	823.47K	1M	1M	0	0	0	0
Deferred Revenue (Current)	0	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	2.39M	7.86M	2.62M	12.27M	10.58M	7.31M	7.95M
Current Ratio	2.31x	3.51x	1.55x	1.45x	1.22x	1.17x	1.20x
Quick Ratio	2.29x	3.49x	1.49x	1.35x	1.12x	1.07x	1.13x
Cash Conversion Cycle	35.26	-	57.07	83.05	86.93	71.41	84.75
Total Non-Current Liabilities+	121.86M	202.06M	242.11M	295.75M	349.87M	368.68M	433.09M
Long-Term Debt	116.61M	179.34M	211.53M	269.86M	311.49M	330.79M	388.13M
Capital Lease Obligations	0	0	0	0	7.07M	6.72M	5.72M
Deferred Tax Liabilities	0	0	19.27M	24.88M	30.53M	30.47M	38.23M
Other Non-Current Liabilities	5.25M	22.72M	11.31M	1.01M	785.11K	694.08K	1M
Total Liabilities	136.21M	225.5M	267.49M	336.82M	404.42M	429.05M	498.93M
Total Debt+	117.43M	180.34M	212.53M	269.86M	318.56M	337.51M	393.86M
Net Debt	108.4M	122.1M	203.32M	252.04M	303.66M	319.38M	372.47M
Debt / Equity	1.43x	1.05x	1.09x	0.78x	0.91x	0.95x	1.08x
Debt / EBITDA	5.88x	-	6.56x	7.03x	7.39x	6.81x	6.42x
Net Debt / EBITDA	5.43x	-	6.27x	6.57x	7.04x	6.44x	6.07x
Interest Coverage	-	-	2.04x	1.78x	1.43x	1.17x	1.60x
Total Equity+	82.25M	171.09M	194.37M	347.45M	349.66M	354.48M	366.2M
Equity Growth %	-	1.08%	0.14%	0.79%	0.01%	0.01%	0.03%
Book Value per Share	656.81	874.08	6.81	5.94	5.39	5.43	5.55
Total Shareholders' Equity	82.25M	170.13M	193.36M	346.39M	348.36M	352.99M	364.88M
Common Stock	0	1	2.85K	6.42K	6.44K	6.48K	6.52K
Retained Earnings	-19.6M	-9.54M	-863.11K	12.21M	14.75M	15.4M	23.15M
Treasury Stock	0	0	0	0	0	0	0
Accumulated OCI	-2.4M	-4.39M	2.1M	-1.2M	-4.86M	-3.8M	-2.42M
Minority Interest	0	959.02K	1.01M	1.06M	1.3M	1.49M	1.32M

Cash Flow

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	2.55M	11.88M	14.71M	12.48M	31.2M	36.19M	45.28M
Operating CF Margin %	0.05%	-	0.18%	0.12%	0.26%	0.25%	0.29%
Operating CF Growth %	-	3.66%	0.24%	-0.15%	1.5%	0.16%	0.25%
Net Income	3.86M	10.06M	9.3M	13.13M	2.78M	837.26K	7.73M
Depreciation & Amortization	6.4M	8.42M	14.08M	19.02M	22.07M	24.99M	26.3M
Stock-Based Compensation	0	90.94K	102.7K	2.89M	3.2M	3.39M	4.39M
Deferred Taxes	0	9.97M	1.62M	4.04M	5.25M	-220.94K	467.2K
Other Non-Cash Items	2.13M	1.06M	-2.2M	-6.89M	249.06K	3.56M	6.05M
Working Capital Changes	-9.83M	-7.75M	-8.18M	-19.71M	-2.35M	3.65M	343.16K
Change in Receivables	-1.54M	-532.8K	-6.07M	-9.4M	-6.04M	-1.97M	-4.62M
Change in Inventory	-66.54K	-203.93K	-975.35K	-2.64M	-1.42M	-842.39K	0
Change in Payables	0	736.73K	-350.86K	8.05M	15.26M	1.08M	-3.58M
Cash from Investing+	-32.41M	-107.81M	-118.61M	-196.82M	-72.23M	-50.55M	-96.72M
Capital Expenditures	-115.18K	-529.95K	-79.9K	-194.36M	-406.4K	-225.68K	-81.54K
CapEx % of Revenue	0%	-	0%	1.8%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	-32.25M	-106.9M	-118.52M	-196.62M	-71.82M	-50.13M	-96.48M
Cash from Financing+	33.16M	147.03M	47.22M	196.53M	38.46M	17.56M	54.52M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	-16.88M	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-
Other Financing	33.16M	94.36M	-648.77K	136.77M	-3.72M	-440K	-1.58M
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	2.43M	11.35M	-103.89M	-181.88M	-41.03M	-14.16M	-51.28M
FCF Margin %	0.05%	-	-1.29%	-1.69%	-0.34%	-0.1%	-0.32%
FCF Growth %	-	3.67%	-10.15%	-0.75%	0.77%	0.65%	-2.62%
FCF per Share	19.43	57.99	-3.64	-3.11	-0.63	-0.22	-0.78
FCF Conversion (FCF/Net Income)	0.66x	-9699.22x	2.50x	1.05x	12.29x	56.12x	5.84x
Interest Paid	0	0	0	0	0	17.47M	22.75M
Taxes Paid	0	0	0	0	0	357.95K	1.4M

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.69%	-0%	3.23%	4.39%	0.73%	0.18%	2.15%
Return on Invested Capital (ROIC)	5.34%	-	3.98%	2.91%	2.52%	2.78%	3.72%
Gross Margin	58.18%	-	41.51%	41.39%	42.71%	44.45%	47.24%
Net Margin	7.84%	-	7.34%	11.03%	2.08%	0.45%	4.88%
Debt / Equity	1.43x	1.05x	1.09x	0.78x	0.91x	0.95x	1.08x
Interest Coverage	-	-	2.04x	1.78x	1.43x	1.17x	1.60x
FCF Conversion	0.66x	-9699.22x	2.50x	1.05x	12.29x	56.12x	5.84x
Revenue Growth	-	-100%	-	34.39%	13.4%	18.46%	9.56%

Revenue by Segment

	2021	2022	2023	2024
Others	-	3.63M	6.3M	7.04M
Others Growth	-	-	73.55%	11.87%
Music Publishing	77.07M	-	-	-
Music Publishing Growth	-	-	-	-
Recorded Music	29.51M	-	-	-
Recorded Music Growth	-	-	-	-
Other	1.26M	-	-	-
Other Growth	-	-	-	-

Revenue by Geography

	2021	2022	2023	2024
UNITED STATES	-	72.66M	85.8M	93.62M
UNITED STATES Growth	-	-	18.09%	9.11%
Non-US	-	49.62M	59.05M	65.09M
Non-US Growth	-	-	19.00%	10.22%
Other	1.26M	-	-	-
Other Growth	-	-	-	-

Frequently Asked Questions

Valuation & Price

Reservoir Media, Inc. (RSVR) has a price-to-earnings (P/E) ratio of 63.0x. This suggests investors expect higher future growth.

Growth & Financials

Reservoir Media, Inc. (RSVR) reported $166.3M in revenue for fiscal year 2024. This represents a 238% increase from $49.2M in 2018.

Reservoir Media, Inc. (RSVR) grew revenue by 9.6% over the past year. This is steady growth.

Yes, Reservoir Media, Inc. (RSVR) is profitable, generating $9.6M in net income for fiscal year 2024 (4.9% net margin).

Dividend & Returns

Reservoir Media, Inc. (RSVR) has a return on equity (ROE) of 2.2%. This is below average, suggesting room for improvement.

Reservoir Media, Inc. (RSVR) had negative free cash flow of $45.3M in fiscal year 2024, likely due to heavy capital investments.

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Reservoir Media, Inc. (RSVR) 10-Year Financial Performance & Capital Metrics

RSVR • • Industrial / General

Communication ServicesEntertainmentMusic & Audio EntertainmentMusic Publishing & Record Labels

Revenue $159M +9.6%
EBITDA $61M +23.8%
Net Income $8M +1101.7%
EPS (Diluted) 0.12 +1112.1%
Gross Margin 47.24% +6.3%
EBITDA Margin 38.66% +13.0%
Operating Margin 22.09% +30.2%
Net Margin 4.88% +996.9%
ROE 2.15% +1074.0%
ROIC 3.72% +34.0%
Debt/Equity 1.08 +13.0%
Interest Coverage 1.60 +37.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 1.4x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.0%
✗Negative free cash flow
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y13.75%

TTM11.17%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-13.31%

TTM3018.32%

EPS CAGR

10Y-

5Y-67.64%

3Y-18.29%

TTM2621.43%

ROCE

10Y Avg4.33%

5Y Avg3.86%

3Y Avg3.73%

Latest4.61%

Peer Comparison

Music Publishing & Record Labels

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RSVRReservoir Media, Inc.	495.85M	7.56	63	9.56%	5.78%	2.58%		1.08
WMGWarner Music Group Corp.	4.54B	30.88	44.75	4.37%	9.26%	82.03%	11.87%	6.09

Profit & Loss

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	49.23M	0	80.25M	107.84M	122.29M	144.86M	158.71M
Revenue Growth %	-	-1%	-	0.34%	0.13%	0.18%	0.1%
Cost of Goods Sold+	20.59M	0	46.93M	63.21M	70.06M	80.46M	83.73M
COGS % of Revenue	0.42%	-	0.58%	0.59%	0.57%	0.56%	0.53%
Gross Profit+	28.64M	0	33.31M	44.63M	52.23M	64.39M	74.98M
Gross Margin %	0.58%	-	0.42%	0.41%	0.43%	0.44%	0.47%
Gross Profit Growth %	-	-1%	-	0.34%	0.17%	0.23%	0.16%
Operating Expenses+	17.23M	0	14.99M	25.28M	31.17M	39.82M	39.92M
OpEx % of Revenue	0.35%	-	0.19%	0.23%	0.25%	0.27%	0.25%
Selling, General & Admin	8.67M	0	14.99M	25.28M	31.17M	39.82M	39.92M
SG&A % of Revenue	0.18%	-	0.19%	0.23%	0.25%	0.27%	0.25%
Research & Development	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0
Operating Income+	13.57M	0	18.33M	19.35M	21.06M	24.58M	35.06M
Operating Margin %	0.28%	-	0.23%	0.18%	0.17%	0.17%	0.22%
Operating Income Growth %	-	-1%	-	0.06%	0.09%	0.17%	0.43%
EBITDA+	19.97M	-1.22K	32.41M	38.38M	43.13M	49.56M	61.36M
EBITDA Margin %	0.41%	-	0.4%	0.36%	0.35%	0.34%	0.39%
EBITDA Growth %	-	-1%	26562.58%	0.18%	0.12%	0.15%	0.24%
D&A (Non-Cash Add-back)	6.4M	0	14.08M	19.02M	22.07M	24.99M	26.3M
EBIT	13.57M	-1.22K	20.42M	28.25M	23.16M	22.26M	31.76M
Net Interest Income+	0	11.94M	-8.96M	-10.87M	-14.76M	-21.09M	-21.88M
Interest Income	6.66M	11.94M	13.24K	0	0	0	0
Interest Expense	0	0	8.97M	10.87M	14.76M	21.09M	21.88M
Other Income/Expense	-8.82M	-1.23K	-6.88M	-1.97M	-12.65M	-23.4M	-25.19M
Pretax Income+	4.75M	-1.23K	11.45M	17.38M	8.4M	1.17M	9.87M
Pretax Margin %	0.1%	-	0.14%	0.16%	0.07%	0.01%	0.06%
Income Tax+	893.06K	0	2.15M	4.25M	5.62M	334.8K	2.14M
Effective Tax Rate %	0.81%	1%	0.51%	0.68%	0.3%	0.55%	0.79%
Net Income+	3.86M	-1.23K	5.89M	11.89M	2.54M	644.94K	7.75M
Net Margin %	0.08%	-	0.07%	0.11%	0.02%	0%	0.05%
Net Income Growth %	-	-1%	4811.64%	1.02%	-0.79%	-0.75%	11.02%
Net Income (Continuing)	3.86M	-1.23K	9.3M	13.13M	2.78M	837.26K	7.73M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	959.02K	1.01M	1.06M	1.3M	1.49M	1.32M
EPS (Diluted)+	30.82	33.83	0.21	0.22	0.04	0.01	0.12
EPS Growth %	-	0.1%	-0.99%	0.05%	-0.82%	-0.75%	-
EPS (Basic)	30.82	51.38	0.21	0.23	0.04	0.01	0.12
Diluted Shares Outstanding	125.23K	195.74K	28.54M	58.45M	64.83M	65.26M	65.95M
Basic Shares Outstanding	125.23K	128.88K	28.54M	52.61M	64.34M	64.76M	65.16M
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	33.13M	82.27M	39.27M	59.44M	66.81M	70.91M	79.28M
Cash & Short-Term Investments	9.03M	58.24M	9.21M	17.81M	14.9M	18.13M	21.39M
Cash Only	9.03M	58.24M	9.21M	17.81M	14.9M	18.13M	21.39M
Short-Term Investments	0	0	0	0	0	0	0
Accounts Receivable	9.21M	9.75M	15.81M	25.21M	31.26M	33.23M	37.85M
Days Sales Outstanding	68.3	-	71.93	85.33	93.29	83.72	87.05
Inventory	227.1K	431.03K	1.41M	4.04M	5.46M	6.3M	4.87M
Days Inventory Outstanding	4.03	-	10.94	23.34	28.44	28.58	21.22
Other Current Assets	14.66M	13.85M	0	0	0	0	0
Total Non-Current Assets+	185.33M	314.32M	422.59M	624.83M	687.28M	712.63M	785.84M
Property, Plant & Equipment	245.92K	602.98K	321.77K	342.08K	7.92M	7.54M	6.36M
Fixed Asset Turnover	200.19x	-	249.39x	315.25x	15.43x	19.21x	24.97x
Goodwill	0	402.07K	0	402.07K	402.07K	402.07K	402.07K
Intangible Assets	164.65M	285.11M	391.15M	571.38M	617.4M	640.22M	719.67M
Long-Term Investments	1.47M	1.5M	1.59M	3.91M	2.31M	1.45M	1.1M
Other Non-Current Assets	18.96M	26.71M	29.52M	48.79M	59.24M	63.01M	58.31M
Total Assets+	218.47M	396.59M	461.86M	684.27M	754.08M	783.53M	865.13M
Asset Turnover	0.23x	-	0.17x	0.16x	0.16x	0.18x	0.18x
Asset Growth %	-	0.82%	0.16%	0.48%	0.1%	0.04%	0.1%
Total Current Liabilities+	14.35M	23.44M	25.38M	41.06M	54.55M	60.37M	65.84M
Accounts Payable	2.09M	876.14K	3.32M	4.44M	6.68M	9.02M	5.39M
Days Payables Outstanding	37.07	-	25.8	25.62	34.8	40.9	23.52
Short-Term Debt	823.47K	1M	1M	0	0	0	0
Deferred Revenue (Current)	0	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	2.39M	7.86M	2.62M	12.27M	10.58M	7.31M	7.95M
Current Ratio	2.31x	3.51x	1.55x	1.45x	1.22x	1.17x	1.20x
Quick Ratio	2.29x	3.49x	1.49x	1.35x	1.12x	1.07x	1.13x
Cash Conversion Cycle	35.26	-	57.07	83.05	86.93	71.41	84.75
Total Non-Current Liabilities+	121.86M	202.06M	242.11M	295.75M	349.87M	368.68M	433.09M
Long-Term Debt	116.61M	179.34M	211.53M	269.86M	311.49M	330.79M	388.13M
Capital Lease Obligations	0	0	0	0	7.07M	6.72M	5.72M
Deferred Tax Liabilities	0	0	19.27M	24.88M	30.53M	30.47M	38.23M
Other Non-Current Liabilities	5.25M	22.72M	11.31M	1.01M	785.11K	694.08K	1M
Total Liabilities	136.21M	225.5M	267.49M	336.82M	404.42M	429.05M	498.93M
Total Debt+	117.43M	180.34M	212.53M	269.86M	318.56M	337.51M	393.86M
Net Debt	108.4M	122.1M	203.32M	252.04M	303.66M	319.38M	372.47M
Debt / Equity	1.43x	1.05x	1.09x	0.78x	0.91x	0.95x	1.08x
Debt / EBITDA	5.88x	-	6.56x	7.03x	7.39x	6.81x	6.42x
Net Debt / EBITDA	5.43x	-	6.27x	6.57x	7.04x	6.44x	6.07x
Interest Coverage	-	-	2.04x	1.78x	1.43x	1.17x	1.60x
Total Equity+	82.25M	171.09M	194.37M	347.45M	349.66M	354.48M	366.2M
Equity Growth %	-	1.08%	0.14%	0.79%	0.01%	0.01%	0.03%
Book Value per Share	656.81	874.08	6.81	5.94	5.39	5.43	5.55
Total Shareholders' Equity	82.25M	170.13M	193.36M	346.39M	348.36M	352.99M	364.88M
Common Stock	0	1	2.85K	6.42K	6.44K	6.48K	6.52K
Retained Earnings	-19.6M	-9.54M	-863.11K	12.21M	14.75M	15.4M	23.15M
Treasury Stock	0	0	0	0	0	0	0
Accumulated OCI	-2.4M	-4.39M	2.1M	-1.2M	-4.86M	-3.8M	-2.42M
Minority Interest	0	959.02K	1.01M	1.06M	1.3M	1.49M	1.32M

Cash Flow

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	2.55M	11.88M	14.71M	12.48M	31.2M	36.19M	45.28M
Operating CF Margin %	0.05%	-	0.18%	0.12%	0.26%	0.25%	0.29%
Operating CF Growth %	-	3.66%	0.24%	-0.15%	1.5%	0.16%	0.25%
Net Income	3.86M	10.06M	9.3M	13.13M	2.78M	837.26K	7.73M
Depreciation & Amortization	6.4M	8.42M	14.08M	19.02M	22.07M	24.99M	26.3M
Stock-Based Compensation	0	90.94K	102.7K	2.89M	3.2M	3.39M	4.39M
Deferred Taxes	0	9.97M	1.62M	4.04M	5.25M	-220.94K	467.2K
Other Non-Cash Items	2.13M	1.06M	-2.2M	-6.89M	249.06K	3.56M	6.05M
Working Capital Changes	-9.83M	-7.75M	-8.18M	-19.71M	-2.35M	3.65M	343.16K
Change in Receivables	-1.54M	-532.8K	-6.07M	-9.4M	-6.04M	-1.97M	-4.62M
Change in Inventory	-66.54K	-203.93K	-975.35K	-2.64M	-1.42M	-842.39K	0
Change in Payables	0	736.73K	-350.86K	8.05M	15.26M	1.08M	-3.58M
Cash from Investing+	-32.41M	-107.81M	-118.61M	-196.82M	-72.23M	-50.55M	-96.72M
Capital Expenditures	-115.18K	-529.95K	-79.9K	-194.36M	-406.4K	-225.68K	-81.54K
CapEx % of Revenue	0%	-	0%	1.8%	0%	0%	0%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	-32.25M	-106.9M	-118.52M	-196.62M	-71.82M	-50.13M	-96.48M
Cash from Financing+	33.16M	147.03M	47.22M	196.53M	38.46M	17.56M	54.52M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	-16.88M	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-
Other Financing	33.16M	94.36M	-648.77K	136.77M	-3.72M	-440K	-1.58M
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	2.43M	11.35M	-103.89M	-181.88M	-41.03M	-14.16M	-51.28M
FCF Margin %	0.05%	-	-1.29%	-1.69%	-0.34%	-0.1%	-0.32%
FCF Growth %	-	3.67%	-10.15%	-0.75%	0.77%	0.65%	-2.62%
FCF per Share	19.43	57.99	-3.64	-3.11	-0.63	-0.22	-0.78
FCF Conversion (FCF/Net Income)	0.66x	-9699.22x	2.50x	1.05x	12.29x	56.12x	5.84x
Interest Paid	0	0	0	0	0	17.47M	22.75M
Taxes Paid	0	0	0	0	0	357.95K	1.4M

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.69%	-0%	3.23%	4.39%	0.73%	0.18%	2.15%
Return on Invested Capital (ROIC)	5.34%	-	3.98%	2.91%	2.52%	2.78%	3.72%
Gross Margin	58.18%	-	41.51%	41.39%	42.71%	44.45%	47.24%
Net Margin	7.84%	-	7.34%	11.03%	2.08%	0.45%	4.88%
Debt / Equity	1.43x	1.05x	1.09x	0.78x	0.91x	0.95x	1.08x
Interest Coverage	-	-	2.04x	1.78x	1.43x	1.17x	1.60x
FCF Conversion	0.66x	-9699.22x	2.50x	1.05x	12.29x	56.12x	5.84x
Revenue Growth	-	-100%	-	34.39%	13.4%	18.46%	9.56%

Revenue by Segment

	2021	2022	2023	2024
Others	-	3.63M	6.3M	7.04M
Others Growth	-	-	73.55%	11.87%
Music Publishing	77.07M	-	-	-
Music Publishing Growth	-	-	-	-
Recorded Music	29.51M	-	-	-
Recorded Music Growth	-	-	-	-
Other	1.26M	-	-	-
Other Growth	-	-	-	-

Revenue by Geography

	2021	2022	2023	2024
UNITED STATES	-	72.66M	85.8M	93.62M
UNITED STATES Growth	-	-	18.09%	9.11%
Non-US	-	49.62M	59.05M	65.09M
Non-US Growth	-	-	19.00%	10.22%
Other	1.26M	-	-	-
Other Growth	-	-	-	-

Frequently Asked Questions

Valuation & Price

Reservoir Media, Inc. (RSVR) has a price-to-earnings (P/E) ratio of 63.0x. This suggests investors expect higher future growth.

Growth & Financials

Reservoir Media, Inc. (RSVR) reported $166.3M in revenue for fiscal year 2024. This represents a 238% increase from $49.2M in 2018.

Reservoir Media, Inc. (RSVR) grew revenue by 9.6% over the past year. This is steady growth.

Yes, Reservoir Media, Inc. (RSVR) is profitable, generating $9.6M in net income for fiscal year 2024 (4.9% net margin).

Dividend & Returns

Reservoir Media, Inc. (RSVR) has a return on equity (ROE) of 2.2%. This is below average, suggesting room for improvement.

Reservoir Media, Inc. (RSVR) had negative free cash flow of $45.3M in fiscal year 2024, likely due to heavy capital investments.