Reservoir Media
Acquiring and administering music rights across publishing and recorded music.
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Profile
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
Categories
Key statistics
Year to date +29.3% · Average volume (30d) 49.1K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q1 FY27 | −$0.01 | $0.00 | +86.0% | $41.5M | $41.5M | 0.0% | −1.08% |
| May 28, 2026Q4 FY26 | $0.05 | $0.07 | +40.0% | $40.9M | $41.4M | +1.2% | +1.67% |
| Feb 4, 2026Q3 FY26 | $0.02 | $0.03 | +50.0% | $42.6M | $45.6M | +6.9% | −0.40% |
| Nov 4, 2025Q2 FY26 | $0.05 | $0.03 | −40.0% | $43.1M | $45.4M | +5.3% | +1.21% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $41.4M | $37.2M | $45.4M | $45.6M | $47.5M | $41.5M | |
| Gross profit | $27.2M | $24.0M | $28.9M | $29.2M | $31.4M | $26.7M | |
| Operating income | $10.4M | $5.4M | $10.7M | $10.3M | $11.8M | $5.4M | |
| Net income | $2.7M | −$555.7K | $2.3M | $2.2M | $4.4M | −$93.1K | |
| Diluted EPS | $0.04 | −$0.01 | $0.03 | $0.03 | $0.07 | −$0.00 | |
| Gross margin | 65.6% | 64.5% | 63.6% | 64.0% | 66.2% | 64.4% | |
| Operating margin | 25.2% | 14.7% | 23.5% | 22.6% | 24.8% | 13.0% |
Fiscal years (4-quarter sums)FY22 $122.3M · FY23 $140.5M · FY24 $144.9M · FY25 $158.7M · FY26 $175.7M
Revenue by product · Q1 FY27
Revenue by geography · Q1 FY27
Balance sheet, Jun 30, 2026Cash & short-term investments $13.7M · Total debt $469.3M · Total assets $948.9M · Shareholders' equity $377.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 65.81M · Float 33.37M · 50.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Hassan Khosrowshahi | 29.28M | 44.60% | 13D | Mar 3, 2026 |
| Essex Equity Joint Investment Vehicle, LLC | 14.07M | 21.45% | 13D | Mar 4, 2026 |
| Irenic Capital Management LP | 6.18M | 9.39% | 13F | May 18, 2026 |
| BlackRock, Inc. | 1.23M | 1.87% | 13F | May 13, 2026 |
| Dimensional Fund Advisors LP | 1.14M | 1.73% | 13F | May 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 10, 2025 | Adam Rothstein | director | −65,281 | $7.80 |
| Sep 9, 2025 | Adam Rothstein | director | −34,719 | $7.92 |
Peers
- Sony (ADR)
Global major in recorded music and music publishing
- Warner Music Group
Global major in recorded music and music publishing
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Reservoir Media | $9.66 | −0.10% | $635.8M | 70.5 | 71.6 | 3.5 | +11.6% |
| Sony (ADR) | $24.71 | −0.56% | $145.93B | — | 28.9 | 1.8 | −1.6% |
| Warner Music Group | $28.03 | +0.02% | $14.63B | 21.7 | 16.5 | 2.0 | +10.4% |
| Median | 21.7 | 22.7 | 1.9 | +4.4% |