The strong Q4 beat and continued growth trajectory support the stock, but the deceleration implied in FY2027 guidance (7% revenue vs 11% in FY2026) and high leverage (net debt/EBITDA ~5.8x) warrant monitoring. Watch for M&A execution and debt reduction in coming quarters.
Price Chart
Executive Summary
Reservoir Media reported strong Q4 FY2026 results with 15% total revenue growth and 16% Adjusted EBITDA growth year-over-year, and issued FY2027 guidance for 7% revenue growth and 5% Adjusted EBITDA growth. The investor presentation highlights a $1B+ M&A pipeline and continued value enhancement initiatives, but net debt of $430M remains elevated relative to market cap.
Key Facts
- Q4 FY2026 total revenue of $48M, up 15% YoY from $42M
- Q4 FY2026 Adjusted EBITDA of $21M, up 16% YoY from $18M
- FY2026 full-year revenue of $176M, up 11% YoY from $159M
- FY2026 Adjusted EBITDA of $74M, up 12% YoY from $66M
- FY2027 guidance: revenue $186M-$191M (mid-point 7% growth), Adjusted EBITDA $75M-$79M (mid-point 5% growth)
- Net debt of $430M as of 3/31/26, with $91M available debt capacity
- M&A pipeline includes 100+ potential targets worth $1B+ as of 3/31/26
Financial Impact
Q4 revenue growth of 15% YoY and Adj EBITDA growth of 16% YoY; FY2027 guidance implies 7% revenue growth and 5% Adj EBITDA growth at mid-point
Risk Factors
- High net debt of $430M relative to $670M market cap
- FY2027 guidance implies deceleration in revenue and EBITDA growth
- Execution risk on $1B+ M&A pipeline and integration
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-074884 |
| Document: tm2618101d1_8k.htm | 0001104659-26-074884 |
| Document: 0001104659-26-074884-index-headers.html | 0001104659-26-074884 |
| Document: 0001104659-26-074884-index.html | 0001104659-26-074884 |
| Document: 0001104659-26-074884.txt | 0001104659-26-074884 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | Press Release | $9.52 | awaiting T+60 | — | $9.58 (+0.63%) |
Aug 4, 2026 12w ago | 8-K | $10.06 | awaiting T+60 | — | $9.58 (−4.77%) |
Jul 21, 2026 14w ago | Press Release | $10.22 $9.59 | ▼ −6.16% | ▼ −10.14% | $9.58 (−6.26%) |
Jun 17, 2026 18w ago | 8-K | $10.20 $9.47 | ▼ −7.16% | ▼ −10.31% | $9.58 (−6.08%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers