Reservoir Media, Inc.
For the period ended Feb 4, 2026. Filed Feb 4, 2026.
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Feb 4, 2026 · Filed Feb 4, 2026
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Contents
EX-99.1 · Forward-Looking Statements
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are made in reliance on the safe harbor protections provided thereunder. Forward-looking statements are typically identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “would” and other similar words and expressions. Forward-looking statements in this press release relate to, among other things: Reservoir’s anticipated financial condition, results of operations and performance, expected growth, plans and objectives for future operations, business prospects and market conditions. Forward-looking statements are based on the current expectations and beliefs of management and information currently available to management. These statements are inherently subject to a number of risks, uncertainties and assumptions, many of which are outside of our control and could cause future events or results to be materially different from those stated or implied in this press release, including the risk factors that are described in Reservoir’s Annual Report on Form 10-K for the year ended March 31, 2025 and our other filings with the SEC available on the SEC’s website atwww.sec.gov or Reservoir’s website atwww.reservoir-media.com. Any forward-looking statement made in this press release speaks only as of the date on which it is made and Reservoir undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Reservoir Media, Inc. and Subsidiaries Condensed Consolidated Statements of Income Three and Nine Months Ended December 31, 2025 versus December 31, 2024 (Unaudited) (Expressed in U.S. dollars)
| Three Months Ended December 31, | Nine Months Ended December 31, | |||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | % Change | 2025 | 2024 | % Change | |
| Revenues | $45,567,879 | $42,303,716 | 8% | $128,167,223 | $117,287,952 | 9% |
| Costs and expenses: | ||||||
| Cost of revenue | 16,197,952 | 15,068,042 | 7% | 45,922,872 | 43,180,529 | 6% |
| Amortization and depreciation | 7,789,274 | 6,713,621 | 16% | 22,659,874 | 19,528,397 | 16% |
| Administration expenses | 11,253,191 | 10,964,096 | 3% | 33,123,780 | 29,937,510 | 11% |
| Total costs and expenses | 35,240,417 | 32,745,759 | 8% | 101,706,526 | 92,646,436 | 10% |
| Operating income | 10,327,462 | 9,557,957 | 8% | 26,460,697 | 24,641,516 | 7% |
| Interest expense | (6,584,013) | (5,776,861) | (19,621,628) | (15,796,667) | ||
| (Loss) gain on foreign exchange | (88,508) | (76,431) | 619,896 | (172,242) | ||
| (Loss) gain on fair value of swaps | (270,380) | 3,084,761 | (1,583,543) | (2,532,441) | ||
| Other (expense) income, net | (103,113) | 509,263 | (357,596) | 410,774 | ||
| Income before income taxes | 3,281,448 | 7,298,689 | 5,517,826 | 6,550,940 | ||
| Income tax expense | 1,078,418 | 1,987,150 | 1,754,665 | 1,540,589 | ||
| Net income | 2,203,030 | 5,311,539 | 3,763,161 | 5,010,351 | ||
| Net (income) loss attributable to noncontrolling interests | (7,045) | (67,448) | 135,006 | 72,100 | ||
| Net income attributable to Reservoir Media, Inc. | $2,195,985 | $5,244,091 | $3,898,167 | $5,082,451 | ||
| Earnings per common share: | ||||||
| Basic | $0.03 | $0.08 | $0.06 | $0.08 | ||
| Diluted | $0.03 | $0.08 | $0.06 | $0.08 | ||
| Weighted average common shares outstanding: | ||||||
| Basic | 65,600,855 | 65,240,858 | 65,512,938 | 65,133,225 | ||
| Diluted | 66,331,466 | 66,106,474 | 66,217,667 | 65,906,440 | ||
Reservoir Media, Inc. and Subsidiaries Condensed Consolidated Balance Sheets December 31, 2025 versus March 31, 2025 (Unaudited) (Expressed in U.S. dollars)
| December 31, 2025 | March 31, 2025 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $20,591,354 | $21,386,140 |
| Accounts receivable | 37,055,363 | 37,848,611 |
| Current portion of royalty advances | 15,328,098 | 15,182,463 |
| Other current assets | 4,865,554 | 4,867,081 |
| Total current assets | 77,840,369 | 79,284,295 |
| Intangible assets, net | 797,168,961 | 719,673,219 |
| Equity method and other investments | 2,578,144 | 1,100,000 |
| Royalty advances, net of current portion and reserves | 54,144,766 | 55,508,155 |
| Property and equipment, net | 530,554 | 406,784 |
| Operating lease right of use assets, net | 7,259,255 | 5,949,418 |
| Fair value of swap assets | 642,406 | 1,828,303 |
| Other assets | 1,740,980 | 1,376,836 |
| Total assets | $941,905,435 | $865,127,010 |
| Liabilities | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | $5,853,767 | $5,394,755 |
| Royalties payable | 47,896,461 | 47,210,727 |
| Accrued payroll | 1,599,390 | 2,588,758 |
| Deferred revenue | 4,063,269 | 1,885,462 |
| Other current liabilities | 6,204,969 | 7,954,208 |
| Income taxes payable | 11,844 | 803,342 |
| Total current liabilities | 65,629,700 | 65,837,252 |
| Secured line of credit | 452,259,334 | 388,134,754 |
| Deferred income taxes | 40,853,064 | 38,228,099 |
| Operating lease liabilities, net of current portion | 7,194,524 | 5,723,930 |
| Fair value of swap liability | 807,654 | 410,008 |
| Other liabilities | 360,507 | 593,185 |
| Total liabilities | 567,104,783 | 498,927,228 |
| Contingencies and commitments | ||
| Shareholders' Equity | ||
| Preferred stock | - | - |
| Common stock | 6,560 | 6,524 |
| Additional paid-in capital | 346,079,764 | 344,145,789 |
| Retained earnings | 27,045,737 | 23,147,570 |
| Accumulated other comprehensive income (loss) | 482,408 | (2,422,107) |
| Total Reservoir Media, Inc. shareholders' equity | 373,614,469 | 364,877,776 |
| Noncontrolling interest | 1,186,183 | 1,322,006 |
| Total shareholders' equity | 374,800,652 | 366,199,782 |
| Total liabilities and shareholders' equity | $941,905,435 | $865,127,010 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.