Reservoir Media, Inc.
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Range $11.5 – $11.5
Price Chart
About the company
Reservoir Media, Inc. is a company dedicated to managing music rights, structured into two core divisions: Music Publishing and Recorded Music. The Music Publishing segment focuses on acquiring ownership interests in existing musical catalogs and forging agreements with songwriters.
- CEO
- Golnar Khosrowshahi
- IPO
- 2021
- Employees
- 100
- HQ
- New York City, NY, US
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Similar companies
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- Market Cap
- $643.01M
- P/E
- 71.26
- Fwd P/E
- 78.16
- PEG
- 4.28
- P/S
- 3.57
- P/B
- 1.70
- EV/EBITDA
- 15.40
- Div Yield
- 0.00%
- Gross Margin
- 64.56%
- Op Margin
- 21.18%
- Net Margin
- 4.87%
- ROE
- 2.34%
- ROIC
- 2.98%
Latest fiscal year · YoY change
- Revenue
- $175.66M+10.7%
- Gross Profit
- $113.67M+12.2%
- Op Income
- $38.23M
- Net Income
- $8.30M+7.1%
- EPS
- $0.13+8.3%
- OCF Growth
- +10.7%
- FCF Growth
- +196.8%
- 52W High
- $13.39
- 52W Low
- $7.07
- 50D MA
- $10.21
- 200D MA
- $9.01
- Beta
- 0.75
- RSI (14)
- 40
- Avg Volume
- 62.87K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Reservoir Media started fiscal 2027 with 12% revenue growth, improved profitability, and reiterated full-year guidance despite higher expenses and a small operating cash outflow.· August 4, 2026
- Revenue rose 12% to $41.5 million, with 6% organic growth; Recorded Music grew 35% and Music Publishing grew 6%.
- Adjusted EBITDA increased 13% to $15.7 million; OIBDA rose 7% to $13.7 million.
- The quarter featured multiple strategic moves, including the TU Publishing joint venture, the Nacional Records/Canciones Nacionales acquisition, and a new label venture with Ollie Hodge’s Some Action.
- Management said Q1 overhead was elevated and operating cash used was $1.4 million, but they do not see a structural issue with advances or payment cycles.
- Full-year guidance was unchanged: revenue of $186 million to $191 million and adjusted EBITDA of $75 million to $79 million.
First-quarter fiscal 2027 revenue was $41.5 million, up 12% year over year and 6% on an organic basis. OIBDA was $13.7 million, up 7% year over year, and adjusted EBITDA was $15.7 million, up 13%. Net loss was approximately $508,000 versus $644,000 a year ago, and diluted EPS was breakeven versus a diluted loss per share of $0.01. Music Publishing revenue was $26.5 million, up 6%, and Recorded Music revenue was $14.1 million, up 35%. Operating cash used was $1.4 million, cash on hand was $13.7 million, available liquidity was $98.9 million, and net debt was $448.5 million. Management reiterated full-year guidance for revenue of $186 million to $191 million and adjusted EBITDA of $75 million to $79 million.
Golnar Khosrowshahi framed the quarter as evidence that Reservoir’s long-term strategy is working: expand the catalog, invest in creative talent, strengthen Recorded Music, and deepen exposure to high-growth markets. She emphasized Latin music as a global growth opportunity and highlighted partnership-led expansion through TU Publishing, Nacional Records, and Some Action. Her tone was constructive and confident, with repeated emphasis on building long-term shareholder value and a diversified portfolio.
Jim Heindlmeyer said Q1 was in line with expectations and driven by the company’s diverse portfolio and ability to integrate new talent. He walked through the numbers: revenue of $41.5 million, OIBDA of $13.7 million, adjusted EBITDA of $15.7 million, and net loss of about $508,000; interest expense was $6.9 million versus $6.3 million last year. He said operating cash used of $1.4 million reflected timing of royalty payments and slightly higher outgoing advances, noted $98.9 million of total liquidity, and said Q1 overhead was elevated relative to a normal run rate. He also reiterated full-year revenue and adjusted EBITDA guidance unchanged.
Analysts focused on operating cash flow, digital growth, sync revenue strength, recorded-music outperformance, and higher administrative expense. Management said the cash outflow was mainly timing-related and due to higher advances, not a structural shift, and that they are not seeing a change in their outlook for advances. On digital, Jim described mid-single-digit organic growth as a reasonable expectation, while on sync he said the team has had several strong opportunities, including a couple of large deals, but the strength reflects both execution and favorable deal flow. He also said Q1 admin expense was elevated and should not be treated as the baseline for the rest of the year.
The call showed momentum across both core businesses, with 12% top-line growth, better adjusted EBITDA, and strong recorded-music execution. Management also sounded confident that recent acquisitions and partnerships are expanding the company’s creative pipeline and positioning it in faster-growing markets like Latin music.
The quarter still showed some pressure points: operating cash flow was negative, interest expense rose, and admin costs were elevated. Management also acknowledged that sync revenue can be lumpy and that some of the strong recorded-music growth reflects acquisition timing and non-linear opportunities rather than purely steady underlying trends.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 50.7%
- Shares Outstanding
- 65.81M
- Float Shares
- 33.37M
of shares held by institutions
74 13F filers
Buy/sell ratio 0.60. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Richmond Hill Investments, LLC | 14.25M | ▲ 13.75K |
| Vanguard Group Inc | 689.39K | ▲ 9.31K |
| California State Teachers Retirement System | 1.10K | ▼ 140 |
| Cwm, LLC | 771 | ▲ 107 |
Held by 74 ETFs
Biggest fund positions in RSVR by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 14, 26 | Koss Jennifer G. | other | 8,032 |
| Aug 14, 26 | Koss Jennifer G. | other | 502 |
| Jun 22, 26 | Koss Jennifer G. | other | 492 |
| Aug 14, 26 | de Gelder Neil | other | 8,032 |
| Aug 14, 26 | Harvey Todd Christopher | other | 8,032 |
| Aug 14, 26 | Field Ezra S. | other | 8,032 |
| Aug 14, 26 | Field Ezra S. | other | 1,255 |
| Aug 14, 26 | Rothstein Adam | other | 8,032 |
| Aug 14, 26 | Rothstein Adam | other | 502 |
| Aug 14, 26 | Taylor Ryan P. | other | 8,032 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our RSVR coverage
Recent articles, reports, and earnings notes.
No research on RSVR yet
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Generate RSVR report →Short Interest in Reservoir Media, Inc. (NASDAQ:RSVR) Declines By 35.5%
defenseworld.net · Aug 20
Reservoir Media Highlights Growth, Catalog Deals as Board Reviews Buyout Proposals
marketbeat.com · Aug 6
Reservoir Media Q1 Earnings Call Highlights
defenseworld.net · Aug 6
Reservoir Media, Inc. (RSVR) Q1 2027 Earnings Call Transcript
seekingalpha.com · Aug 4
Reservoir Media Q1 Earnings Call Highlights
marketbeat.com · Aug 4
Reservoir Media, Inc. (RSVR) Reports Break-Even Earnings for Q1
zacks.com · Aug 4
RESERVOIR MEDIA ANNOUNCES FIRST QUARTER FISCAL 2027 RESULTS
prnewswire.com · Aug 4
RESERVOIR MEDIA TO RELEASE FIRST QUARTER FISCAL YEAR 2027 RESULTS ON AUGUST 4, 2026
prnewswire.com · Jul 21
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.