RSVR on Nasdaq
Reservoir Media, Inc.
Amusement and recreation services company, listed on Nasdaq (RSVR)1
In its 2026 annual report the company says: “We operate a music publishing business, a recorded music business, and a management business. We have two reportable segments—Music Publishing and Recorded Music. Our growth has been partially based on Music Publishing and Recorded Music catalog acquisitions as well as a strategic expansion of our writer and artist rosters.”5 It is headquartered in New York, New York.1
Price unavailable
Last updated Oct 21, 2026.
Overview
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- TickerRSVR on Nasdaq1
- IndustryServices-Amusement & Recreation Services1
- HeadquartersNew York, New York1
- Business address200 Varick Street, Suite 801, New York, Ny 100143
- Filer categoryAccelerated filer, Smaller reporting company3
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Reservoir Media, Inc., together with its wholly-owned subsidiaries (the “ Company ”, “ we ”, “ our ”, “ us ” and “ Reservoir ”), is one of the world’s leading independent music companies. We operate a music publishing business, a recorded music business, and a management business.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
21.8%Operating margin2
4.7%Net margin2
10.7%Revenue growth, 20262
2.2%Return on equity2
1.21×Debt to equity2
$49.7MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Music Publishing brought in 66% of the revenue Reservoir Media, Inc. broke down this way in fiscal 2026.
Business segments by year
| Business segments | 2025 | 2026 |
|---|---|---|
| Music Publishing | $107.4M | $116.8M |
| Recorded Music | $44.3M | $51.5M |
| Other Operating | $7.0M | $7.3M |
Regions
United States brought in 56% of the revenue Reservoir Media, Inc. broke down this way in fiscal 2026.
Regions by year
| Regions | 2025 | 2026 |
|---|---|---|
| United States | $93.6M | $98.7M |
| Outside the United States | $65.1M | $77.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue35¢$62.0M
- Other costs58¢$102.0M
- Income tax2¢$3.3M
- Profit5¢$8.3M
Out of $175.7M in revenue.2
Where each dollar of operating cash went, fiscal 2026
- Capital spending1¢$482.0K
- Kept or used elsewhere99¢$49.7M
Out of $50.1M of cash from operations.2
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Revenues | $175.7M | $158.7M |
| Cost of revenue | $62.0M | $57.4M |
| Amortization and depreciation | $30.8M | $26.3M |
| Administration expenses | $44.7M | $39.9M |
| Total costs and expenses | $137.4M | $123.6M |
| Operating income | $38.2M | $35.1M |
| Interest expense | -$26.5M | -$21.9M |
| Gain on foreign exchange | $230.5K | $578.3K |
| Loss on fair value of swaps | -$351.0K | -$4.2M |
| Other (expense) income, net | -$504.2K | $330.0K |
| Income before income taxes | $11.2M | $9.9M |
| Income tax expense | $3.3M | $2.1M |
| Net income | $7.8M | $7.7M |
| Net loss attributable to noncontrolling interests | $476.1K | $18.5K |
| Net income attributable to Reservoir Media, Inc. | $8.3M | $7.7M |
| Basic (in dollars per share) | $0.13 | $0.12 |
| Diluted (in dollars per share) | $0.13 | $0.12 |
| Basic (in shares) | 65.5M shares | 65.2M shares |
| Diluted (in shares) | 66.3M shares | 65.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2021-07-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $25.9M | $21.4M | ||
| Accounts receivable | $40.8M | $37.8M | ||
| Current portion of royalty advances | $16.4M | $15.2M | ||
| Other current assets | $9.4M | $4.9M | ||
| Total current assets | $92.5M | $79.3M | ||
| Intangible assets, net | $788.7M | $719.7M | ||
| Equity method and other investments | $2.8M | $1.1M | ||
| Royalty advances, net of current portion and reserves | $54.1M | $55.5M | ||
| Property and equipment, net | $662.0K | $406.8K | ||
| Operating lease right of use assets, net | $7.9M | $5.9M | ||
| Fair value of swap assets | $1.4M | $1.8M | ||
| Other assets | $1.5M | $1.4M | ||
| Total assets | $949.7M | $865.1M | ||
| Accounts payable and accrued liabilities | $4.1M | $5.4M | ||
| Royalties payable | $52.3M | $47.2M | ||
| Accrued payroll | $2.7M | $2.6M | ||
| Deferred revenue | $2.5M | $1.9M | $1.2M | |
| Other current liabilities | $3.4M | $8.0M | ||
| Income taxes payable | $547.9K | $803.3K | ||
| Total current liabilities | $65.5M | $65.8M | ||
| Secured line of credit | $455.7M | $388.1M | ||
| Deferred tax liability | $41.8M | $38.2M | ||
| Operating lease liabilities, net of current portion | $7.4M | $5.7M | ||
| Fair value of swap liability | $289.5K | $410.0K | ||
| Other liabilities | $345.1K | $593.2K | ||
| Total liabilities | $571.1M | $498.9M | ||
| Common stock, $0.0001 par value; 750,000,000 shares authorized, 65,602,509 issued and outstanding at March 31, 2026; 65,239,735 issued and outstanding at March 31, 2025 | $6.6K | $6.5K | ||
| Additional paid-in capital | $346.9M | $344.1M | ||
| Retained earnings | $31.5M | $23.1M | ||
| Accumulated other comprehensive loss | -$670.8K | -$2.4M | ||
| Total Reservoir Media, Inc. shareholders' equity | $377.7M | $364.9M | ||
| Noncontrolling interest | $845.0K | $1.3M | ||
| Total shareholders' equity | $378.6M | $366.2M | $354.5M | |
| Total liabilities and shareholders' equity | $949.7M | $865.1M | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 75.0M shares | 75.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |
| Common stock, shares authorized | 750.0M shares | 750.0M shares | ||
| Common stock, shares issued | 65.6M shares | 65.2M shares | ||
| Common stock, shares outstanding | 65.6M shares | 65.2M shares |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2021-07-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $25.9M | $21.4M | ||
| Accounts receivable | $40.8M | $37.8M | ||
| Current portion of royalty advances | $16.4M | $15.2M | ||
| Other current assets | $9.4M | $4.9M | ||
| Total current assets | $92.5M | $79.3M | ||
| Intangible assets, net | $788.7M | $719.7M | ||
| Equity method and other investments | $2.8M | $1.1M | ||
| Royalty advances, net of current portion and reserves | $54.1M | $55.5M | ||
| Property and equipment, net | $662.0K | $406.8K | ||
| Operating lease right of use assets, net | $7.9M | $5.9M | ||
| Fair value of swap assets | $1.4M | $1.8M | ||
| Other assets | $1.5M | $1.4M | ||
| Total assets | $949.7M | $865.1M | ||
| Accounts payable and accrued liabilities | $4.1M | $5.4M | ||
| Royalties payable | $52.3M | $47.2M | ||
| Accrued payroll | $2.7M | $2.6M | ||
| Deferred revenue | $2.5M | $1.9M | $1.2M | |
| Other current liabilities | $3.4M | $8.0M | ||
| Income taxes payable | $547.9K | $803.3K | ||
| Total current liabilities | $65.5M | $65.8M | ||
| Secured line of credit | $455.7M | $388.1M | ||
| Deferred tax liability | $41.8M | $38.2M | ||
| Operating lease liabilities, net of current portion | $7.4M | $5.7M | ||
| Fair value of swap liability | $289.5K | $410.0K | ||
| Other liabilities | $345.1K | $593.2K | ||
| Total liabilities | $571.1M | $498.9M | ||
| Common stock, $0.0001 par value; 750,000,000 shares authorized, 65,602,509 issued and outstanding at March 31, 2026; 65,239,735 issued and outstanding at March 31, 2025 | $6.6K | $6.5K | ||
| Additional paid-in capital | $346.9M | $344.1M | ||
| Retained earnings | $31.5M | $23.1M | ||
| Accumulated other comprehensive loss | -$670.8K | -$2.4M | ||
| Total Reservoir Media, Inc. shareholders' equity | $377.7M | $364.9M | ||
| Noncontrolling interest | $845.0K | $1.3M | ||
| Total shareholders' equity | $378.6M | $366.2M | $354.5M | |
| Total liabilities and shareholders' equity | $949.7M | $865.1M | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 75.0M shares | 75.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | |
| Common stock, shares authorized | 750.0M shares | 750.0M shares | ||
| Common stock, shares issued | 65.6M shares | 65.2M shares | ||
| Common stock, shares outstanding | 65.6M shares | 65.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 |
|---|---|---|
| Net income | $7.8M | $7.7M |
| Amortization of intangible assets | $30.6M | $26.1M |
| Depreciation of property and equipment | $226.8K | $226.2K |
| Share-based compensation | $4.3M | $4.4M |
| Amortization of deferred financing costs | $1.7M | $1.3M |
| Loss on fair value of swaps | $351.0K | $4.2M |
| Loss from equity method investments | $506.0K | $100.0K |
| Impairment of equity investment | $500.0K | |
| Gain on disposition of equity investment | -$103.7K | |
| Deferred income taxes | $2.3M | $467.2K |
| Accounts receivable | -$3.0M | -$4.6M |
| Other current assets | $874.2K | $1.5M |
| Royalty advances | $333.5K | -$777.5K |
| Other assets and liabilities | $815.9K | $729.8K |
| Accounts payable, accrued expenses and deferred revenue | -$1.4M | -$3.6M |
| Royalties payable | $5.0M | $6.7M |
| Income taxes payable | -$255.4K | $364.2K |
| Net cash provided by operating activities | $50.1M | $45.3M |
| Purchases of music catalogs | -$101.6M | -$96.5M |
| Loan to third party | -$2.5M | |
| Repayment of loan from third party | $2.5M | |
| Investments in equity affiliates | -$2.2M | -$1.1M |
| Sale of equity investment | $945.1K | |
| Purchases of property and equipment | -$482.0K | -$81.5K |
| Net cash used for investing activities | -$104.3M | -$96.7M |
| Proceeds from secured line of credit | $86.0M | $66.0M |
| Repayments of secured line of credit | -$19.0M | -$10.0M |
| Proceeds from stock option exercises | $13.7K | $100.9K |
| Taxes paid related to net share settlement of restricted stock units | -$1.4M | -$1.4M |
| Deferred financing costs paid | -$1.1M | |
| Acquisition of noncontrolling interests | -$287.6K | |
| Distribution to noncontrolling interest holders | -$149.7K | |
| Net cash provided by financing activities | $64.2M | $54.5M |
| Foreign exchange impact on cash | -$107.8K | $175.3K |
| Net increase in cash, cash equivalents and restricted cash | $9.9M | $3.3M |
No quarter-by-quarter statement was filed.
Corporate structure
Reservoir Media, Inc. sits at the top of its group. 19 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Reservoir Media, Inc.
- ER Reservoir LLC Filed SCHEDULE 13D/A on Reservoir Media, Inc., latest Mar 4, 2026
- Essex Equity Joint Investment Vehicle, LLC Filed SCHEDULE 13D/A on Reservoir Media, Inc., latest Mar 4, 2026
- Richmond Hill Advisors, LLC Filed SCHEDULE 13D/A on Reservoir Media, Inc., latest Mar 4, 2026
- Richmond Hill Capital Management, LLC Filed SCHEDULE 13D/A on Reservoir Media, Inc., latest Mar 4, 2026
- Richmond Hill Capital Partners, LP Filed SCHEDULE 13D/A on Reservoir Media, Inc., latest Mar 4, 2026
- Richmond Hill Investment Co., LP Filed SCHEDULE 13D/A on Reservoir Media, Inc., latest Mar 4, 2026
- Richmond Hill Investments, LLC Filed SCHEDULE 13D/A on Reservoir Media, Inc., latest Mar 4, 2026
- Ryan P. Taylor Filed SCHEDULE 13D/A on Reservoir Media, Inc., latest Mar 4, 2026
- Wesbild Inc. Filed SCHEDULE 13D/A on Reservoir Media, Inc., latest Mar 3, 2026
- Irenic Capital Management LP Filed SCHEDULE 13D/A on Reservoir Media, Inc., latest Mar 2, 2026 (6 filings since Dec 20, 2023)
- Caledonia (Private) Investments Pty Ltd Filed SC 13G/A on Reservoir Media, Inc., latest Feb 14, 2024 (3 filings since Feb 15, 2022)
- 683 Capital Management, LLC Filed SC 13G/A on Reservoir Media, Inc., latest Feb 14, 2022
- Reservoir Media, Inc. New York, New York
- Audio Up Inc. Subsidiary · Delaware, United States
- Big Life Management Limited Subsidiary · United Kingdom
- Blue Raincoat Artists Limited Subsidiary · United Kingdom
- Blue Raincoat Music Limited Subsidiary · United Kingdom
- Chrysalis Records Limited Subsidiary · United Kingdom
- Ensign Records Limited Subsidiary · United Kingdom
- Esmaa Arabia FZ-LLC Subsidiary · United Arab Emirates
- New State Entertainment (Music Rights) Limited Subsidiary · United Kingdom
- New State Entertainment Limited Subsidiary · United Kingdom
- New State Holdings Limited Subsidiary · United Kingdom
- PopArabia FZ-LLC Subsidiary · United Arab Emirates
- Reservoir Holdings, Inc. Subsidiary · Delaware, United States
- Reservoir Media Management UK Limited (f/k/a Reservoir/Reverb Music Limited) Subsidiary · United Kingdom
- Reservoir Media Management, Inc. Subsidiary · Delaware, United States
- Reservoir Popindia Private Limited Subsidiary · India
- RISTER PROD Subsidiary · France
- Shapiro, Bernstein & Co. Limited Subsidiary · United Kingdom
- Tommy Boy Music, LLC Subsidiary · Delaware, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Reservoir Media, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $662.0K2 Mar 31, 2026 | $406.8K2 Mar 31, 2025 | +62.7% |
| Operating-lease assets (leased space) | $7.9M2 Mar 31, 2026 | $5.9M2 Mar 31, 2025 | +32.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $25.9M2 Mar 31, 2026 | $21.4M2 Mar 31, 2025 | +21.2% |
| Stakes in other companies (equity method) | $2.8M2 Mar 31, 2026 | $1.1M2 Mar 31, 2025 | +157.3% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $402.1K2 Mar 31, 2026 | $402.1K2 Mar 31, 2025 | 0% |
| Intangible assets, net (excluding goodwill) | $788.7M2 Mar 31, 2026 | $719.7M2 Mar 31, 2025 | +9.6% |
| Accumulated amortization | $187.6M2 Mar 31, 2026 | $156.7M2 Mar 31, 2025 | +19.7% |
| Finite-lived intangibles, net | $788.7M2 Mar 31, 2026 | $719.7M9 Mar 31, 2025 | +9.6% |
Properties, in its own words
Our corporate headquarters are located in New York City at 200 Varick Street, Suite 801, New York, NY where we currently lease approximately 12,000 square feet under a lease agreement that expires August 2033. We also occupy other office space domestically in Nashville, Tennessee and Los Angeles, California and occupy office space internationally in Toronto, London, Abu Dhabi, and Mumbai. Many of these sites serve both our reportable business segments and multiple functions across our business.
Our office space is leased under operating leases. We believe that our facilities are adequate to meet our needs for the immediate future and that suitable additional space will be available to accommodate any expansion of our operations as needed.
Item 2 of the 10-K filed May 28, 2026.5
Leadership
Who has led Reservoir Media, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2025
- Chief executive officerGolnar Khosrowshahi Jul 28, 2021 to now14
- Chief executive officerByron Roth Dec 10, 2020 to Dec 17, 202015
- PresidentRell Q. Lafargue Jr. Jul 28, 2021 to now16
- PresidentAaron Gurewitz Dec 10, 2020 to Dec 17, 202017
- PresidentRick Hartfiel Dec 10, 2020 to Dec 10, 202018
- Chief financial officerJames A. Heindlmeyer Jul 28, 2021 to now19
- Chief financial officerGordon J. Roth Dec 10, 2020 to Dec 17, 202020
- Chief operating officerRell Q. Lafargue Jr. Jul 28, 2021 to now16
- Chief operating officerJohn C. Lipman Dec 10, 2020 to Jul 22, 202121
Board members and other officers (13)
- Board memberTodd Christopher Harvey Aug 11, 2026 to now22
- Board memberEzra S. Field Jul 28, 2021 to now23
- Board memberGelder Neil De Jul 28, 2021 to now24
- Board memberGolnar Khosrowshahi Jul 28, 2021 to now14
- Board memberHelima Croft Jul 28, 2021 to now25
- Board memberJennifer G. Koss Jul 28, 2021 to now26
- Board memberRell Q. Lafargue Jr. Jul 28, 2021 to now16
- Board memberRyan P. Taylor Jul 28, 2021 to now27
- Board memberAdam Rothstein Dec 10, 2020 to now28
- Board memberByron Roth Dec 10, 2020 to Dec 17, 202015
- Board memberDan Friedberg Dec 10, 2020 to Dec 17, 202029
- Board memberJohn C. Lipman Dec 10, 2020 to Jul 22, 202121
- Board memberMolly Hemmeter Dec 10, 2020 to Dec 17, 202030
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Audio Up Inc. Delaware4
- Big Life Management Limited England and Wales4
- Blue Raincoat Artists Limited England and Wales4
- Blue Raincoat Music Limited England and Wales4
- Chrysalis Records Limited England and Wales4
- Ensign Records Limited England and Wales4
- Esmaa Arabia FZ-LLC Abu Dhabi Media Free Zone,United Arab Emirates4
- New State Entertainment (Music Rights) Limited England and Wales4
- New State Entertainment Limited England and Wales4
- New State Holdings Limited England and Wales4
- PopArabia FZ-LLC Abu Dhabi Media Free Zone, United Arab Emirates4
- RISTER PROD France4
- Reservoir Holdings, Inc. Delaware4
- Reservoir Media Management UK Limited (f/k/a Reservoir/Reverb Music Limited) England and Wales4
- Reservoir Media Management, Inc. Delaware4
- Reservoir Popindia Private Limited India4
- Shapiro, Bernstein & Co. Limited England and Wales4
- Tommy Boy Music, LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Roth CH Acquisition II CoSep 11, 2020 to Jul 27, 20213
Timeline
- Aug 18, 20268-K Regulation FD disclosure31
- Aug 11, 20268-K Shareholder vote32
- Aug 4, 20268-K Results of operations33
- Jun 17, 20268-K Regulation FD disclosure34
- Jun 9, 20268-K Executive or director change; Other events35
- May 28, 20268-K Results of operations36
- Mar 6, 20268-K Executive or director change37
- Feb 18, 20268-K Regulation FD disclosure38
- Feb 4, 20268-K Results of operations39
- Nov 17, 20258-K Regulation FD disclosure40
- Nov 4, 20258-K Results of operations41
- Aug 19, 20258-K Regulation FD disclosure42
- Jul 28, 2021New chief executive Golnar Khosrowshahi becomes CEO14
- Dec 10, 2020New chief executive Byron Roth becomes CEO15
Calendar
Coming up
- Nov 3, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.03 a share, on Nov 4, 2025.43
When it reported results
- Aug 4, 2026Reported quarterly or annual results33
- May 28, 2026Reported quarterly or annual results36
- Feb 4, 2026Reported quarterly or annual results39
- Nov 4, 2025Reported quarterly or annual results41
- Aug 5, 2025Reported quarterly or annual results44
- May 28, 2025Reported quarterly or annual results45
- Feb 5, 2025Reported quarterly or annual results46
- Oct 30, 2024Reported quarterly or annual results47
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
306 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 55 major events, 177 insider forms, 22 large holders, 32 other. The latest 20:
- Sep 17, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 EDGAR
- Aug 18, 20264 PRIMARY DOCUMENT EDGAR
- Aug 18, 20268-K EDGAR
- Aug 11, 20263 EDGAR
- Aug 11, 20268-K EDGAR
- Aug 4, 202610-Q EDGAR
- Aug 4, 20268-K EDGAR
- Jul 27, 202625-NSE EDGAR
- Jun 26, 2026ARS EDGAR
- Jun 26, 2026DEF 14A EDGAR
- Jun 24, 20264 EDGAR
- Jun 24, 20264 EDGAR
- Jun 24, 20264 EDGAR
- Jun 24, 20264 EDGAR
The 306 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
65 open-market trades by officers, directors and large owners since October 2021: 61 buys and 4 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 10, 2025 | Rothstein AdamDirector | Sale | 65,281 | $7.80 | $509.3K | Form 4 |
| Sep 9, 2025 | Rothstein AdamDirector | Sale | 34,719 | $7.92 | $275.0K | Form 4 |
| Aug 8, 2025 | Rothstein AdamDirector | Sale | 48,430 | $7.50 | $363.2K | Form 4 |
| Aug 7, 2025 | Rothstein AdamDirector | Sale | 74,558 | $7.62 | $568.2K | Form 4 |
| Aug 12, 2024 | Rothstein AdamDirector | Buy | 400 | $7.00 | $2.8K | Form 4 |
| Aug 6, 2024 | Rothstein AdamDirector | Buy | 3,000 | $7.05 | $21.1K | Form 4 |
| Jun 13, 2024 | Rothstein AdamDirector | Buy | 4,016 | $7.01 | $28.2K | Form 4 |
| Jun 5, 2024 | Khosrowshahi Hassan10% owner | Buy | 50,000 | $8.11 | $405.5K | Form 4 |
| Jun 4, 2024 | Khosrowshahi Hassan10% owner | Buy | 300,000 | $8.00 | $2.4M | Form 4 |
| Mar 4, 2024 | Khosrowshahi Hassan10% owner | Buy | 30,000 | $7.23 | $216.9K | Form 4 |
| Mar 1, 2024 | Khosrowshahi Hassan10% owner | Buy | 40,000 | $7.33 | $293.2K | Form 4 |
| Feb 29, 2024 | Khosrowshahi Hassan10% owner | Buy | 30,000 | $7.27 | $218.1K | Form 4 |
| Feb 22, 2024 | Khosrowshahi Hassan10% owner | Buy | 16,608 | $7.08 | $117.6K | Form 4 |
| Feb 21, 2024 | Khosrowshahi Hassan10% owner | Buy | 35,000 | $7.05 | $246.8K | Form 4 |
| Feb 20, 2024 | Khosrowshahi Hassan10% owner | Buy | 25,000 | $7.04 | $176.0K | Form 4 |
| Feb 16, 2024 | Khosrowshahi Hassan10% owner | Buy | 23,392 | $7.00 | $163.7K | Form 4 |
| Aug 15, 2023 | Field Ezra S.Director | Buy | 8,000 | $5.32 | $42.6K | Form 4 |
| Aug 14, 2023 | Field Ezra S.Director | Buy | 10,000 | $5.39 | $53.9K | Form 4 |
| Aug 11, 2023 | Field Ezra S.Director | Buy | 10,000 | $5.27 | $52.7K | Form 4 |
| Aug 9, 2022 | Field Ezra S.Director | Buy | 13,000 | $7.59 | $98.7K | Form 4 |
All 65 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- ER Reservoir LLCSCHEDULE 13D/A, 1 filing Mar 4, 202648
- Essex Equity Joint Investment Vehicle, LLCSCHEDULE 13D/A, 1 filing Mar 4, 202649
- Richmond Hill Advisors, LLCSCHEDULE 13D/A, 1 filing Mar 4, 202650
- Richmond Hill Capital Management, LLCSCHEDULE 13D/A, 1 filing Mar 4, 202651
- Richmond Hill Capital Partners, LPSCHEDULE 13D/A, 1 filing Mar 4, 202652
- Richmond Hill Investment Co., LPSCHEDULE 13D/A, 1 filing Mar 4, 202653
- Richmond Hill Investments, LLCSCHEDULE 13D/A, 1 filing Mar 4, 202654
- Ryan P. TaylorSCHEDULE 13D/A, 1 filing Mar 4, 202655
- Wesbild Inc.SCHEDULE 13D/A, 1 filing Mar 3, 202656
- Irenic Capital Management LPSCHEDULE 13D/A, 6 filings Dec 20, 2023 to Mar 2, 202657
- Caledonia (Private) Investments Pty LtdSC 13G/A, 3 filings Feb 15, 2022 to Feb 14, 202458
- 683 Capital Management, LLCSC 13G/A, 1 filing Feb 14, 202259
- Byron RothSC 13G/A, 1 filing Feb 14, 202260
- Castle Creek Arbitrage, LLCSC 13G/A, 1 filing Feb 11, 202261
- Polar Asset Management Partners Inc.SC 13G/A, 1 filing Feb 10, 202262
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2026 | Rell LafarguePresident & Chief Operating Officer | 54 | $408.4K | $2.8M63 |
| 2026 | Golnar KhosrowshahiChief Executive Officer | 54 | $441.5K | $1.6M63 |
| 2026 | Jim HeindlmeyerChief Financial Officer | 54 | $376.9K | $761.5K63 |
| 2025 | Rell LafarguePresident & Chief Operating Officer | 54 | $398.4K | $2.4M63 |
| 2025 | Golnar KhosrowshahiChief Executive Officer | 54 | $430.8K | $1.6M63 |
| 2025 | Jim HeindlmeyerChief Financial Officer | 54 | $367.7K | $742.9K63 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 80. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Irenic Capital Management LP | 6,260,176 | $61.9M | 4.5% | +79,000 |
| Nantahala Capital Management, LLC | 1,881,920 | $18.6M | 0.6% | +940,960 |
| BlackRock, Inc. | 1,267,271 | $12.5M | 0.0% | +35,819 |
| Dimensional Fund Advisors LP | 1,205,616 | $11.9M | 0.0% | +65,253 |
| Federated Hermes, Inc. | 825,115 | $8.2M | 0.0% | −174,885 |
| Geode Capital Management, LLC | 672,487 | $6.7M | 0.0% | −8,800 |
| AWM Investment Company, Inc. | 545,453 | $5.4M | 0.5% | −6,141 |
| Gruss & Co., LLC | 511,834 | $5.1M | 13.3% | No change |
| State Street Corp | 419,734 | $4.2M | 0.0% | +14,704 |
| Russell Investments Group, Ltd. | 405,100 | $4.0M | 0.0% | −72,326 |
| Vanguard Capital Management LLC | 397,582 | $3.9M | 0.0% | +11,179 |
| First Pacific Advisors, LP | 308,747 | $3.1M | 0.0% | No change |
| Northern Trust Corp | 260,872 | $2.6M | 0.0% | +69,762 |
| Vanguard Fiduciary Trust Co | 196,934 | $1.9M | 0.0% | +8,297 |
| Sanders Morris Harris LLC | 181,435 | $1.8M | 1.0% | −84,633 |
| Schonfeld Strategic Advisors LLC | 170,122 | $1.7M | 0.0% | +489 |
| Hurley Capital, LLC | 163,582 | $1.6M | 0.8% | No change |
| Vanguard Portfolio Management LLC | 130,874 | $1.3M | 0.0% | +13,274 |
| Citadel Advisors LLC | 116,627 | $1.2M | 0.0% | New |
| Weiss Asset Management LP | 96,074 | $950.2K | 0.0% | No change |
| Goldman Sachs Group Inc | 93,918 | $928.8K | 0.0% | −30,077 |
| Mill Road Capital Management LLC | 89,858 | $888.7K | 0.4% | −470,800 |
| Morgan Stanley | 83,183 | $822.7K | 0.0% | +1,379 |
| Barclays PLC | 76,653 | $758.1K | 0.0% | −10,081 |
| Bank of New York Mellon Corp | 70,364 | $695.9K | 0.0% | +3,311 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Reservoir Media, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARReservoir Media, Inc.1
- CIK0001824403
- Employer ID (EIN)83-35842045
- Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsMarch 311
- Industry code (SIC)7900 Services-Amusement & Recreation Services1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address200 Varick Street, Suite 801, New York, NY 100141
- Phone212-675-05411
- Shares outstanding65,930,743 as of Jul 27, 202613
- Public float$167.1M as of Sep 30, 20255
- AuditorDeloitte & Touche LLP, New York, New York PCAOB ID 34; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceSep 11, 20201
- Filings431 in all: 4 (199), 8-K (68), 3 (25), 10-Q (17), 424B3 (13), SCHEDULE 13D/A (11), CORRESP (10), SC 13G (8)1
All 36 form types
DEFA14A (7), UPLOAD (7), 10-K (6), SC 13G/A (6), 4/A (5), DEF 14A (5), 144 (4), ARS (4), EFFECT (4), S-1/A (4), 8-K/A (3), SC 13D (3), SC 13D/A (3), 25-NSE (2), 424B4 (2), S-1 (2), S-3 (2), 3/A (1), 5 (1), 8-A12B (1), CERT (1), DEFM14A (1), DRS (1), NT 10-Q (1), POS EX (1), PREM14A (1), PRER14A (1), S-8 (1)
- Latest filingsAnnual report (10-K) May 28, 2026
Quarterly report (10-Q) Aug 4, 2026
Proxy statement (DEF 14A) Jun 26, 2026
Latest 8-K (8-K) Aug 18, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.0001 par value per share (the “Common Stock”) | RSVR | Nasdaq |
| Warrants to purchase one share of CommonStock, each at an exercise price of $11.50 per share | RSVRW | Nasdaq |
From the cover page of the 10-K filed May 28, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Reservoir Media, Inc. names in Item 1A of its 10-K filed May 28, 2026: 37 risks under these headings, as written.5
- Risks Related to Our Business and Operations
- We may be unable to compete successfully in the highly competitive markets in which we operate and may suffer reduced profits as a result.
- We may not be able to successfully execute our business strategy which may adversely affect our business, cash flows, financial condition and results of operation.
- Our business operations in some foreign countries subject us to trends, developments or other events which may adversely affect our results of operations.
- Unfavorable currency exchange rate fluctuations could adversely affect our results of operations.
- Any future outbreak of contagious disease or other widespread natural disaster or prolonged geopolitical conflict could materially and adversely affect our business, cash flows, financial condition and results of operations.
- Our ability to operate effectively could be impaired if we fail to attract and retain our executive officers and management team which may have a material adverse effect on our business, cash flows, financial condition and results of operations.
- Failure to achieve and maintain effective internal control over financial reporting (“ICFR”) in accordance with Section 404 of the Sarbanes-Oxley Act could impair our ability to produce timely and accurate financial statements or to comply with applicable regulations and have a material adverse effect on our business, cash flows, financial condition and results of operations.
- A significant portion of our revenues are subject to rate regulation either by government entities or by local third-party collecting societies throughout the world and rates on other income streams may be set by governmental proceedings, which may limit our profitability.
- We may not have full control and ability to direct the operations we conduct through joint ventures which could subject us to increased risk and limit our ability to realize the intended benefits of such joint ventures.
- As part of our growth strategy, we intend to acquire, combine with or invest in other businesses and will face risks inherent in such transactions which could adversely affect our business, cash flows, financial condition and results of operations.
- Governments could enact new legislation or could make regulatory determinations that affect the terms of our contracts with songwriters and recording artists which could have a material adverse effect on our business, cash flows, financial condition and results of operations.
The other 26 risks
- If streaming adoption or revenues grow less rapidly or level off, our prospects, business, cash flows, financial condition and results of operations may be adversely affected.
- We are substantially dependent on a limited number of digital music services for the online distribution and marketing of our music, and they are able to significantly influence the pricing structure for online music stores and may not correctly calculate royalties under license agreements which may adversely affect our cash flows, financial condition and results of operation.
- Because our success depends substantially on our ability to maintain a professional reputation, adverse publicity concerning us or our songwriters, artists or key personnel could adversely affect our business.
- The obligations associated with being a public company involve significant expenses and require significant resources and management attention, which may divert from our business operations and adversely affect our financial condition.
- Our substantial indebtedness could adversely affect our business, cash flows, financial condition and results of operations.
- We may not be able to generate sufficient cash to service all of our indebtedness and may be forced to take other actions to satisfy obligations under our indebtedness, which may not be successful and may adversely affect our cash flows and financial condition.
- Our Charter contains exclusive forum provisions which may have the effect of discouraging lawsuits against us, our directors and officers.
- Anti-takeover provisions contained in the Charter and the Bylaws, as well as provisions of Delaware law, could impair a takeover attempt.
- Risks Related to Intellectual Property and Data Security
- Failure to obtain, maintain, protect and enforce our intellectual property rights could substantially harm our business, cash flows, financial condition and results of operations.
- Our involvement in intellectual property litigation could adversely affect our business, cash flows, financial condition and results of operations.
- Assertions or allegations, even if not true, that we have infringed or violated intellectual property rights could harm our reputation and business, cash flows, financial condition and results of operations.
- Digital piracy could adversely impact our business, cash flows, financial condition and results of operations.
- The development, deployment, and use of Artificial Intelligence (AI), including Generative AI, presents challenges for protecting our intellectual property and the rights of our artists and songwriters and could adversely affect our business and results of operation.
- If we or our service providers do not maintain the security of information relating to our customers, employees and vendors and our music, security information breaches through cyber security attacks or otherwise could damage our reputation with customers, employees, vendors and artists, and we could incur substantial additional costs, become subject to litigation and our results of operations and financial condition could be adversely affected.
- 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.
- We face a potential loss of catalog to the extent that our songwriters or recording artists have a right to recapture rights in their musical compositions or recordings under the U.S. Copyright Act, which may adversely affect our business, cash flows, and financial condition.
- Risks Related to Our Common Stock and Warrants
- The market price of our Common Stock and Warrants is volatile and may fluctuate from period to period, and you may lose some or all of your investment.
- We have Warrants outstanding that are exercisable for our Common Stock, which, if exercised, would increase the number of shares eligible for future resale in the public market and result in dilution to our stockholders.
- We may redeem unexpired Warrants prior to their exercise at a time that is disadvantageous to you, thereby making the Warrants worthless.
- Due to the nature of our business, our results of operations, cash flows and the trading price of our Common Stock and Warrants may fluctuate significantly from period to period.
- We may be unable to maintain the listing of our securities on Nasdaq in the future and an active trading market in our Common Stock and Warrants may not be maintained.
- If securities or industry analysts do not publish research or reports about us, or publish negative reports, our stock price and trading volume could decline.
- Because we do not anticipate paying any cash dividends in the foreseeable future, capital appreciation, if any, would be your sole source of gain.
- The future sales of shares by our stockholders may adversely affect the market price of our Common Stock and Warrants.
- Stockholder activism or unsolicited acquisition proposals could disrupt our business, divert management’s attention and adversely affect our ability to execute our long-term strategy.
- As of March 31, 2026, we no longer qualify as an emerging growth company, but remain a smaller reporting company, which permits us to continue to take advantage of certain scaled disclosure requirements, and we cannot be certain if our use of such scaled disclosure requirements will make our Common Stock or Warrants less attractive to investors which may result in a less active trading market for our Common Stock or Warrants.
Legal proceedings
We are subject to claims and contingencies in the ordinary course of business. We believe that losses resulting from these matters that existed at March 31, 2026, if any, would not have a material adverse effect on our business, cash flows, financial condition and results of operations. Even if any particular litigation or claim is not resolved in a manner that is adverse to our interests, such litigation can have a negative impact on us because of defense and settlement costs, diversion of management resources from our business, and other factors. Given the inherent unpredictability of these types of proceedings, however, it is possible that future adverse outcomes could have a material effect on our financial results.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARByron Roth, Chief executive officer
- 16SEC EDGARRell Q. Lafargue Jr., President
- 17SEC EDGARAaron Gurewitz, President
- 18SEC EDGARRick Hartfiel, President
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- 23SEC EDGAREzra S. Field, Board member
- 24SEC EDGARGelder Neil De, Board member
- 25SEC EDGARHelima Croft, Board member
- 26SEC EDGARJennifer G. Koss, Board member
- 27SEC EDGARRyan P. Taylor, Board member
- 28SEC EDGARAdam Rothstein, Board member
- 29SEC EDGARDan Friedberg, Board member
- 30SEC EDGARMolly Hemmeter, Board member
- 31SEC EDGARRegulation FD disclosure
- 32SEC EDGARShareholder vote
- 33SEC EDGARResults of operations
- 34SEC EDGARRegulation FD disclosure
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- 36SEC EDGARResults of operations
- 37SEC EDGARExecutive or director change
- 38SEC EDGARRegulation FD disclosure
- 39SEC EDGARResults of operations
- 40SEC EDGARRegulation FD disclosure
- 41SEC EDGARResults of operations
- 42SEC EDGARRegulation FD disclosure
- 43NasdaqNasdaq calendar
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