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Reservoir Media (RSVR) Q2 FY2027 earnings: revenue $50 million, up 9.8% on the year

Reservoir Media, Inc. (RSVR) reported revenue of $50 million for Q2 FY2027, the quarter ended 30 September 2026, up 9.8% on the same quarter a year earlier. Net income was $5 million, up 109.3% on the year, and diluted earnings per share $0.07. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.

Revenue
$50 million
+9.8% on the year · +20.3% on the quarter
Q3 FY2025Q2 FY2027
Operating margin
24.6%
23.5% a year earlier
Q3 FY2025Q2 FY2027
Net income
$5 million
+109.3% on the year
Q3 FY2025Q2 FY2027
Diluted EPS
$0.07
+133.3% on the year
Q3 FY2025Q2 FY2027

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised.

  • Revenue rose 10% on acquisitions: Revenue was $49.9 million, up 10%. Organic growth was 4%, and acquisitions accounted for the rest of the increase.
  • Adjusted EBITDA rose 14%: Adjusted EBITDA was $22.1 million, up 14% from $19.4 million a year earlier, primarily because of higher total revenue.
  • Publishing revenue up 8%: Music Publishing revenue was $33.2 million, up 8%. Segment OIBDA rose 9% to $12.4 million, with margin steady at 37%.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ2 FY2027Q1 FY2027Q2 FY2026On the quarterOn the yearLast 8 quarters
Revenue49.941.545.4+20.3%+9.8%
Cost of revenue17.814.816.5+20.0%+7.4%
Gross profit32.226.728.9+20.5%+11.3%
Gross margin64.4%64.4%63.6%
Operating income12.35.410.7+128.0%+14.7%
Operating margin24.6%13.0%23.5%
Interest expense7.06.96.7+1.9%+4.4%
Pre-tax income6.1-0.73.2+92.3%
Income tax1.4-0.20.9+50.8%
Effective tax rate23.6%n/a30.1%
Net income4.7-0.12.3+109.3%
Net margin9.5%-0.2%5.0%
Diluted EPS$0.07n/a$0.03+133.3%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ2 FY2027Q1 FY2027Q2 FY2026On the quarterOn the yearLast 8 quarters
Operating cash flow23.0-1.419.3+19.1%
Capital expenditure0.10.10.1-4.0%-35.6%
Free cash flow22.9-1.519.2+19.4%
Free cash flow margin45.9%-3.6%42.2%
Cash from investing-8.2-19.8-40.4
Cash from financing-4.03.934.0
Depreciation and amortisation8.58.37.6+1.9%+11.8%
Share-based compensation1.21.81.1-36.0%+4.6%
Diluted shares, weighted67m66m66m+1.6%+0.8%
Shares outstanding at period end66m66m66m+0.1%+0.6%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ2 FY2027Q1 FY2027Q2 FY2026On the quarterOn the yearLast 8 quarters
Shareholders' equity383378371+1.5%+3.4%
Non-controlling interest0.30.41.2-21.7%-71.5%
Debt459462422-0.8%+8.7%
Operating lease liabilities6.87.16.6-4.8%+1.8%
Other liabilities108101103+6.5%+4.9%
Total liabilities and equity957949904+0.9%+5.9%
Fixed assets0.80.80.5+0.3%+75.3%
Intangible assets800800752-0.0%+6.3%
Cash and equivalents24.813.727.9+81.4%-11.3%
Receivables41.142.735.9-3.8%+14.5%
Other assets90.791.986.8-1.3%+4.5%
Total assets957949904+0.9%+5.9%

Questions

What was Reservoir Media's revenue in Q2 FY2027?

Reservoir Media (RSVR) reported revenue of $50 million for Q2 FY2027, the quarter ended 30 September 2026, up 9.8% on the same quarter a year earlier.

How much did Reservoir Media earn in Q2 FY2027?

Net income for Q2 FY2027 was $5 million, up 109.3% on the year, and diluted earnings per share $0.07.

When did Reservoir Media report Q2 FY2027 results?

Reservoir Media filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 4 November 2026.

Quarterly results, the last 20 quarters

Q3 FY2022 †Q4 FY2022 * †Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027Q2 FY2027
Revenue25.835.124.333.329.934.831.838.435.539.134.340.742.341.437.245.445.647.541.549.9
Cost of revenue11.413.010.013.911.812.313.514.413.214.313.314.815.114.213.216.516.216.114.817.8
Gross profit14.422.214.319.318.222.518.424.022.324.821.025.827.227.224.028.929.431.426.732.2
Gross margin56%63%59%58%61%65%58%62%63%63%61%64%64%66%65%64%64%66%64%64%
Operating income2.78.71.36.64.68.63.16.16.58.85.010.19.610.45.410.710.311.85.412.3
Operating margin10%25%5%20%15%25%10%16%18%22%14%25%23%25%15%24%23%25%13%25%
Interest expensen/an/an/an/an/an/an/an/an/an/an/an/an/an/a6.36.7n/an/a6.97.0
Pre-tax income1.811.70.06.2-0.52.80.21.0-4.14.1-0.7-0.07.33.3-0.93.23.35.6-0.76.1
Tax rate22%24%24%27%n/a15%27%30%n/a30%n/an/a27%18%n/a30%33%28%n/a24%
Net income1.28.90.14.5-4.42.30.30.5-3.02.8-0.30.25.22.7-0.62.32.24.4-0.14.7
Net margin5%25%0%14%-15%7%1%1%-8%7%-1%0%12%6%-1%5%5%9%-0%9%
Diluted EPS$0.02$0.16$0.00$0.07-$0.07$0.04n/a$0.01-$0.05$0.04-$0.01n/a$0.08$0.04-$0.01$0.03$0.03$0.07n/a$0.07
Operating cash flow12.7-1.91.89.814.65.0-0.919.73.613.88.613.311.212.26.019.312.911.9-1.423.0
Capital expenditure0.10.10.10.10.10.10.10.00.10.00.00.00.00.00.00.10.10.20.10.1
Free cash flow12.6-2.01.79.714.44.9-1.019.73.513.88.513.311.212.26.019.212.811.7-1.522.9
Shares outstanding64m64m64m64m64m64m65m65m65m65m65m65m65m65m65m66m66m66m66m66m
Filing10-K10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 4 November 2026: the filing.