With guidance unchanged and Q1 tracking the annual plan, the stock is likely range-bound. Watch for margin expansion in subsequent quarters as revenue scales and for any update on the special committee's evaluation of acquisition proposals.
Price Chart
Executive Summary
Reservoir Media reported Q1 FY2027 revenue of $41.5M (+12% YoY), in line with consensus, and GAAP EPS of $0.00, beating the Street consensus of -$0.01. Recorded Music surged 35% while Publishing grew 6%. The company reiterated its FY2027 guidance of $186M-$191M revenue and $75M-$79M Adjusted EBITDA, signaling steady execution. Operating income was flat YoY and the company remains GAAP-unprofitable, limiting bullish enthusiasm.
Key Financial Metrics
Key Facts
- Revenue $41.5M, +12% YoY (6% organic), in line with consensus of $41.5M
- GAAP EPS $0.00 vs Street consensus -$0.01 (beat)
- Recorded Music revenue +35% YoY to $14.1M; Music Publishing +6% to $26.5M
- Adjusted EBITDA $15.7M, +13% YoY
- FY2027 guidance reiterated: Revenue $186M-$191M, Adjusted EBITDA $75M-$79M
- Operating income $5.4M, -1% YoY; net loss improved to ($0.5M) from ($0.6M)
- Cash used in operations ($1.4M) vs $6.0M provided in prior year quarter
Financial Impact
Revenue in line, EPS beat on small base; no guidance change; impact likely muted
Risk Factors
- High net debt of $448.5M (66% of market cap) limits financial flexibility
- Negative operating cash flow this quarter due to royalty payment timing
- GAAP net loss persists despite revenue growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-090084 |
| Document: tm2621844d1_8k.htm | 0001104659-26-090084 |
| Document: 0001104659-26-090084-index-headers.html | 0001104659-26-090084 |
| Document: 0001104659-26-090084-index.html | 0001104659-26-090084 |
| Document: 0001104659-26-090084.txt | 0001104659-26-090084 |
| 8-K Data (Synthetic) | 0001104659-26-090084 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Press Release | $9.52 | awaiting T+60 | — | $9.56 (+0.42%) |
Aug 4, 2026 11w ago | 8-K | $10.06 | awaiting T+60 | — | $9.56 (−4.97%) |
Jul 21, 2026 13w ago | Press Release | $10.22 $9.59 | ▼ −6.16% | ▼ −10.14% | $9.56 (−6.46%) |
Jun 17, 2026 18w ago | 8-K | $10.20 $9.47 | ▼ −7.16% | ▼ −10.31% | $9.56 (−6.27%) |
US Market Status
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