Reservoir Media, Inc. (RSVR) Stock Price & Analysis
Reservoir Media, Inc. (RSVR) closed at USD 9.6 on Thursday, October 22, 2026, up 0.84% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 9.52; the Oct 22, 2026 session ranged USD 9.53–9.69 on volume of 47,124 shares. Market capitalization is $632.94M, with a 52-week range of USD 7.07–13.39 (NGM). Source: Nexqual, retrieved October 23, 2026 at 09:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/RSVR.md
Key facts (RSVR)
- Last four reported quarters (through Jun 30, 2026): revenue $180M, net income $8.8M (4.9% margin), free cash flow $42.2M (SEC filings).
- Valuation: P/E 72.2x (avg 315.2x at the last 3 fiscal year-ends), EV/EBITDA 15.5x, net debt $448M.
- 1 of 80 tracked superinvestors hold RSVR (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Analysts: Hold (mean 2.50 on a 1–5 scale) (2 analysts), mean target USD 13 (range 11–15).
- Total return with dividends: 1Y +28.0% vs S&P 500 +14.9%; 5Y +9.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.19, revenue estimate $48.7M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (RSVR)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $108M | $122M | $145M | $159M | $176M | $180M |
| Gross profit | $63.7M | $74.3M | $89.4M | $101M | $114M | — |
| Operating income | $19.4M | $21.1M | $24.6M | $35.1M | $38.2M | $38.2M |
| Net income | $13.1M | $2.5M | $645K | $7.7M | $8.3M | $8.8M |
| EPS (diluted) | $0.22 | $0.04 | $0.01 | $0.12 | $0.13 | — |
| Free cash flow | $12.3M | $30.8M | $36.0M | $45.2M | $49.7M | $42.2M |
| Gross margin | 59.0% | 60.8% | 61.7% | 63.8% | 64.7% | — |
| Operating margin | 17.9% | 17.2% | 17.0% | 22.1% | 21.8% | 21.2% |
| Net margin | 12.1% | 2.1% | 0.4% | 4.9% | 4.7% | 4.9% |
| Revenue growth | +34.4% | +13.4% | +18.5% | +9.6% | +10.7% | — |
| Cash + short-term investments | $17.8M | $14.9M | $18.1M | $21.4M | $25.9M | — |
| Total debt | $270M | $311M | $331M | $388M | $456M | — |
Fiscal years end Mar. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (RSVR)
P/E 72.2x · P/S 3.5x · EV/EBITDA 15.5x · EV/Sales 6.0x · P/FCF 15.0x · P/B 1.7x · FCF yield 6.67% · Earnings yield 1.38% · Net debt $448M · EV $1.08B
P/E at fiscal year-ends: Mar 2026 78.2x, Mar 2025 64.9x, Mar 2024 802.4x.
Superinvestors (SEC 13F-HR, Q2 2026) (RSVR)
1 of 80 tracked investors hold RSVR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Pacific Advisors | 0.04% | $3.1M | Unchanged |
Analysts (RSVR)
Consensus Hold (mean 2.50 on a 1–5 scale), 2 analysts; mean target USD 13 (low 11, high 15).
Total return (dividends reinvested) (RSVR)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +28.0% | +9.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +28.1% | +1.8% |
| Volatility (annualized) | 30.1% | 39.0% |
| Max drawdown | -20.5% (Jul 2026→Sep 2026) | -54.1% (Mar 2022→Oct 2022) |
RSVR revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Music Publishing | $26.5M | 63.9% | +6.3% |
| Recorded Music | $14.1M | 34.0% | +35.0% |
| All Other Segments | $868,770 | 2.1% | -51.4% |
| Total revenue | $41.5M | 100% | — |
RSVR revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Digital | $15.4M | 37.0% | +7.3% |
| Performance | $5.6M | 13.6% | +17.5% |
| Synchronization | $4.0M | 9.7% | -3.2% |
| Physical | $1.7M | 4.0% | +54.0% |
| Neighboring Rights | $1.1M | 2.8% | +6.9% |
| Product & Service Other | $935,621 | 2.3% | -12.0% |
| Mechanical | $580,344 | 1.4% | -6.6% |
| Total revenue | $41.5M | 100% | — |
RSVR revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $22.3M | 53.9% | +4.8% |
| Non Us | $19.1M | 46.1% | +20.8% |
| Total revenue | $41.5M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
RSVR suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Amazon (AMZN) | “In connection with the digital distribution of our music, we currently partner with a broad range of digital music services, such as Amazon, Apple, Deezer, Spotify, SoundCloud, Tencent Music Entertainment Group and YouTube; radio services, such as iHeart Radio, Pandora and SiriusXM; fitness platforms, such as Apple Fitness+, Equinox, and Peloton; and social media outlets, such as Facebook, Instagram, Snapchat and …” |
| Partner | Apple (AAPL) | “In connection with the digital distribution of our music, we currently partner with a broad range of digital music services, such as Amazon, Apple, Deezer, Spotify, SoundCloud, Tencent Music Entertainment Group and YouTube; radio services, such as iHeart Radio, Pandora and SiriusXM; fitness platforms, such as Apple Fitness+, Equinox, and Peloton; and social media outlets, such as Facebook, Instagram, Snapchat and …” |
| Partner | Spotify (SPOT) | “In connection with the digital distribution of our music, we currently partner with a broad range of digital music services, such as Amazon, Apple, Deezer, Spotify, SoundCloud, Tencent Music Entertainment Group and YouTube; radio services, such as iHeart Radio, Pandora and SiriusXM; fitness platforms, such as Apple Fitness+, Equinox, and Peloton; and social media outlets, such as Facebook, Instagram, Snapchat and …” |
| Partner | Tencent | “In connection with the digital distribution of our music, we currently partner with a broad range of digital music services, such as Amazon, Apple, Deezer, Spotify, SoundCloud, Tencent Music Entertainment Group and YouTube; radio services, such as iHeart Radio, Pandora and SiriusXM; fitness platforms, such as Apple Fitness+, Equinox, and Peloton; and social media outlets, such as Facebook, Instagram, Snapchat and …” |
| Partner | ByteDance | “In connection with the digital distribution of our music, we currently partner with a broad range of digital music services, such as Amazon, Apple, Deezer, Spotify, SoundCloud, Tencent Music Entertainment Group and YouTube; radio services, such as iHeart Radio, Pandora and SiriusXM; fitness platforms, such as Apple Fitness+, Equinox, and Peloton; and social media outlets, such as Facebook, Instagram, Snapchat and …” |
| Partner | Meta Platforms (META) | “In connection with the digital distribution of our music, we currently partner with a broad range of digital music services, such as Amazon, Apple, Deezer, Spotify, SoundCloud, Tencent Music Entertainment Group and YouTube; radio services, such as iHeart Radio, Pandora and SiriusXM; fitness platforms, such as Apple Fitness+, Equinox, and Peloton; and social media outlets, such as Facebook, Instagram, Snapchat and …” |
Quoted from the company's 10-K filed May 28, 2026.
RSVR customer concentration
In the period ended Mar 31, 2026, a single direct customer accounted for 11% of revenue, per the company's 10-K filed May 28, 2026. The company does not name it.
RSVR company outlook (results filed Aug 4, 2026)
- “We remain on track to achieve our previously issued revenue and adjusted EBITDA guidance for fiscal year 2027.””
Quoted word-for-word from the SEC 8-K results press release.
RSVR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.19 | $0.19 | +0.0% | $48.7M | 1 |
| Next quarter (ends Dec 2026) | $0.17 | $0.17 | +0.0% | $47.7M | 1 |
| Current fiscal year (ends Mar 2027) | $0.72 | $0.69 | +4.3% | $188.0M | 1 |
| Next fiscal year (ends Mar 2028) | $0.76 | $0.00 | — | $198.5M | 1 |
RSVR options: expected move
Options price a move of about ±8.9% (±$0.85) by Jan 15, 2027, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Jan 15, 2027 | 84 | 28.8% | ±8.9% |
30-day implied volatility 64.3% vs 27.6% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:23 UTC)
| Price | USD 9.6 |
|---|---|
| Change | ▲ 0.84% (up) |
| Previous Close | USD 9.52 |
| Open | USD 9.54 |
| Day Range | USD 9.53 – 9.69 |
| 52-Week Range | USD 7.07 – 13.39 |
| Volume | 47,124 shares |
| Market Cap | $632.94M |
| Exchange | NGM |
Technical Analysis (RSVR)
Nexqual's technical model rates RSVR "NEUTRAL" based on 3 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:23 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 50.1 (neutral) |
| vs SMA50 | Above (USD 9.58) |
| MACD | -0.01 (negative) |
Analyst Ratings (RSVR)
Wall Street analysts rate RSVR "Hold" based on 2 analysts, with a mean price target of USD 13 (range USD 11–15), per Nexqual as of October 23, 2026 at 09:23 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 2 |
| Mean Target | USD 13 |
| High Target | USD 15 |
| Low Target | USD 11 |
| Buy / Hold / Sell | 1 / 1 / 0 |
Earnings (RSVR)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 0.19 |
| Revenue Estimate | $48.70M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.15 vs est 0.14 ▲ beat |
| 2026-03-31 | USD 0.12 vs est 0.19 ▼ miss |
| 2025-12-31 | USD 0.17 vs est 0.15 ▲ beat |
| 2025-09-30 | USD 0.16 vs est 0.18 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financials & Fundamentals (RSVR)
| Total Revenue | $179.98M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +11.60% |
| Gross Margin | +64.67% |
| Operating Margin | +12.97% |
| Profit Margin | +4.87% |
| ROE | +2.13% |
| Debt / Equity | 1.24 |
| Current Ratio | 1.31 |
| Total Cash | $13.66M |
| Total Debt | $469.26M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $42.19M (23.4% of revenue) |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financial Health Score (RSVR)
Nexqual rates Reservoir Media, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:23 UTC.
| Growth | Solid — Revenue +11% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 65%, operating 13% (last 12 months) |
| Balance Sheet | Mixed — $14M cash and investments vs $462M debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $42M (last 4 quarters to Jun 2026, SEC), 23% margin |
| Efficiency | Weak — ROE 2%, ROA 2.6% |
Ownership (RSVR)
| Insider Ownership | +47.67% |
|---|---|
| Institutional Ownership | +44.90% |
| Shares Outstanding | 65.93M |
| Float | 14.74M |
| Short % of Float | +2.07% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Leadership (RSVR)
Reservoir Media, Inc. is led by Golnar Khosrowshahi, Founder, CEO & Director, per Nexqual as of October 23, 2026 at 09:23 UTC.
| Founder, CEO & Director | Golnar Khosrowshahi |
|---|---|
| President, COO & Director | Rell Lafargue |
| Chief Financial Officer | James A. Heindlmeyer |
| Vice President of Marketing & Communications | Suzy Arrabito |
Major Backers & Investors (RSVR)
Notable institutional backers of Reservoir Media, Inc. include Irenic Capital Management LP , Nantahala Capital Management, LLC, Federated Hermes, Inc., according to Nexqual as of October 23, 2026 at 09:23 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Irenic Capital Management LP | 9.51% |
| Nantahala Capital Management, LLC | 1.43% |
| Federated Hermes, Inc. | 1.25% |
| DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio | 0.83% |
| AWM Investment Company, Inc. | 0.83% |
| Gruss & Co LLC | 0.78% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 1.93% |
| Dimensional Fund Advisors | 1.83% |
| Geode Capital | 1.02% |
| State Street | 0.64% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
From Reservoir Media, Inc.'s Latest SEC 10-K Filing (filed 2026-05-28)
Key Strengths & Strategy (as disclosed to the SEC)
- Our Music Publishing business contributed approximately $117 million to our revenues for the year ended March 31, 2026, representing approximately 66% of our revenues.
- Our Recorded Music business contributed approximately $52 million to our revenues for the year ended March 31, 2026, representing approximately 29% of our revenues.
- During the previous five years, we have deployed and committed over $600 million in capital through the acquisitions, frontline deals and other initiatives outlined above.
- For example, Reservoir has direct licensing agreements with platforms including TikTok, Meta and Snap.
Legal & Regulatory Risks (Item 1A, quoted)
- Our Charter contains exclusive forum provisions which may have the effect of discouraging lawsuits against us, our directors and officers.
- Our involvement in intellectual property litigation could adversely affect our business, cash flows, financial condition and results of operations.
- Evolving laws and regulations concerning data privacy may result in increased regulation and different industry standards, which could result in monetary penalties, increase the costs of operations or limit our activities.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ANGX | Angel Studios, Inc. | USD 3.48 | ▼ 0.29% |
| HUYA | HUYA Inc. | USD 2.23 | ▼ 0.89% |
| MCS | Marcus Corporation (The) | USD 28.3 | ▼ 1.84% |
| IQ | iQIYI, Inc. | USD 0.91 | ▼ 1.31% |
| STRZ | Starz Entertainment Corp. | USD 23.22 | ▼ 5.22% |
| AMCX | AMC Global Media Inc. | USD 9.33 | ▼ 3.22% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:23 UTC. This page is informational and not investment advice.
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