Reservoir Media, Inc.

RSVR

RSVRReservoir Media, Inc. US flag

NASDAQ Global Market

10.12

USD

-0.13

- -

664.50MMarket Cap

Income Statement (USD)

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	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Sales/Revenue/Turnover	80	108	122	145	159	176
+ Sales & Services Revenue	80	108	122	145	159	176
- Cost of Revenue	33	44	48	55	57	62
+ Cost of Goods & Services	33	44	48	55	57	62
Gross Profit	47	64	74	89	101	114
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	29	44	53	65	66	75
+ Selling, General & Admin	15	25	31	40	40	45
+ Research & Development	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	14	19	22	25	26	31
Operating Income (Loss)	18	19	21	25	35	38
- Non-Operating (Income) Loss	7	2	13	23	25	27
+ Interest Expense, Net	9	11	15	21	22	26
+ Interest Expense	9	11	15	21	22	26
- Interest Income	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-2	-9	-2	2	3	1
Pretax Income	11	17	8	1	10	11
- Income Tax Expense (Benefit)	2	4	6	- -	2	3
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	9	13	3	1	8	8
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	-1
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	-1
Income (Loss) Incl. MI	9	13	2	- -	8	9
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	9	13	3	1	8	8
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	9	13	3	1	8	8
EBIT	18	19	21	25	35	38
EBITDA	32	38	43	50	61	69
EBITDA Margin (%)	40.38	35.59	35.27	34.21	38.66	39.29
EBITA	18	19	21	25	35	38
Gross Margin (%)	59.06	59.03	60.76	61.7	63.81	64.71
Operating Margin (%)	22.84	17.95	17.22	16.97	22.09	21.76
Profit Margin (%)	11.53	12.13	2.08	0.45	4.88	4.73
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -
Depreciation Expense	14	19	22	25	26	31
Basic Weighted Avg Shares	29	53	64	65	65	- -
Basic EPS, GAAP	0.32	0.25	0.04	0.01	0.12	- -
Basic EPS from Cont Ops	0.33	0.25	0.04	0.01	0.12	- -
Diluted Weighted Avg Shares	29	58	65	65	66	- -
Diluted EPS, GAAP	0.32	0.22	0.04	0.01	0.12	- -
Diluted EPS from Cont Ops	0.33	0.22	0.04	0.01	0.12	- -

Balance Sheet (USD)

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	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Total Current Assets	39	59	67	71	79	93
+ Cash, Cash Equivalents & STI	9	18	15	18	21	26
+ Cash & Cash Equivalents	9	18	15	18	21	26
+ ST Investments	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	16	25	31	33	38	41
+ Accounts Receivable, Net	16	25	31	33	38	41
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -
+ Inventories	1	4	5	6	5	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	1	4	5	6	5	- -
+ Other ST Assets	13	12	15	13	15	26
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	423	625	687	713	786	857
+ Property, Plant & Equip, Net	- -	- -	8	8	6	9
+ Property, Plant & Equip	- -	- -	8	8	6	9
- Accumulated Depreciation	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	2	4	2	1	1	3
+ LT Investments	2	4	2	1	1	3
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	421	621	677	704	778	846
+ Total Intangible Assets	391	572	618	641	720	789
+ Goodwill	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	391	571	617	640	719	789
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	30	49	59	63	59	57
Total Assets	462	684	754	784	865	950
+ Payables & Accruals	20	28	42	52	56	60
+ Accounts Payable	3	4	7	9	5	4
+ Accrued Taxes	1	- -	- -	- -	1	1
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	17	23	35	42	50	55
+ ST Debt	1	- -	- -	- -	- -	- -
+ ST Borrowings	1	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	4	13	13	8	10	6
+ Deferred Revenue	1	1	2	1	2	2
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	3	12	11	7	8	3
Total Current Liabilities	25	41	55	60	66	66
+ LT Debt	212	270	319	338	394	463
+ LT Borrowings	212	270	311	331	388	456
+ LT Finance Leases	- -	- -	7	7	6	7
+ Other LT Liabilities	31	26	31	31	39	42
+ Accrued Liabilities	19	25	31	30	38	42
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	11	1	1	1	1	1
Total Noncurrent Liabilities	242	296	350	369	433	506
Total Liabilities	267	337	404	429	499	571
+ Preferred Equity and Hybrid Capital	82	- -	- -	- -	- -	- -
+ Share Capital & APIC	110	335	338	341	344	347
+ Common Stock	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	110	335	338	341	344	347
- Treasury Stock	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-1	12	15	15	23	31
+ Other Equity	2	-1	-5	-4	-2	-1
Equity Before Minority Interest	193	346	348	353	365	378
+ Minority/Non Controlling Interest	1	1	1	1	1	1
Total Equity	194	347	350	354	366	379
Total Liabilities & Equity	462	684	754	784	865	950
Shares Outstanding	64	64	64	65	65	66
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	7	7	6	7
Net Debt	203	252	297	313	367	430
Net Debt to Equity	104.61	72.54	84.82	88.2	100.15	113.53
Tangible Common Equity Ratio	-393.76	-199.44	-196.77	-200.22	-243.01	-254.87
Current Ratio	1.55	1.45	1.22	1.17	1.2	1.41
Cash Conversion Cycle	- -	61.7	79.33	69.06	70.26	65.69

Cash Flow Statement (USD)

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	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
+ Net Income	9	13	3	1	8	8
+ Depreciation & Amortization	14	19	22	25	26	31
+ Non-Cash Items	- -	- -	9	7	11	9
+ Stock-Based Compensation	- -	3	3	3	4	4
+ Deferred Income Taxes	2	4	5	- -	- -	2
+ Asset Impairment Charge	- -	- -	- -	1	- -	- -
+ Other Non-Cash Adj	-2	-7	- -	3	6	3
+ Chg in Non-Cash Work Cap	-8	-20	-2	4	- -	2
+ (Inc) Dec in Accts Receiv	-6	-9	-6	-2	-5	-3
+ (Inc) Dec in Inventories	-1	-3	-1	-1	- -	- -
+ (Inc) Dec in Prepaid Assets	-1	-15	-10	-3	-1	- -
+ Inc (Dec) in Accts Payable	- -	8	15	8	4	3
+ Inc (Dec) in Other	- -	- -	- -	1	2	2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	15	12	31	36	45	50
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-119	-194	-72	-50	-97	-102
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	-119	-194	-72	-50	-96	-102
+ Cash (Repurchase) of Equity	8	- -	- -	- -	- -	- -
+ Increase in Capital Stock	8	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	1	- -
+ Dec in LT Investment	- -	- -	- -	- -	1	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	-2	- -	- -	-1	-2
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	-2	- -	- -	-1	-2
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-119	-197	-72	-51	-97	-104
+ Dividends Paid	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	80	138	42	18	56	67
+ Cash From Debt	81	348	42	34	66	86
+ Repayments of Debt	-1	-210	- -	-16	-10	-19
+ Other Financing Activities	-41	58	-4	- -	-1	-3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	47	197	38	18	55	64
Effect of Foreign Exchange Rates	8	-4	- -	- -	- -	- -
Net Changes in Cash	-57	12	-3	3	3	10
EBITDA	32	38	43	50	61	69
EBITDA Margin (%)	40.38	35.59	35.27	34.21	38.66	39.29
Free Cash Flow	-104	-182	-41	-14	-51	-52
Net Cash Paid for Acquisitions	- -	2	- -	- -	1	2
Free Cash Flow to Firm	-97	-174	-36	1	-34	-33
Free Cash Flow to Equity	- -	69	73	54	101	117
Free Cash Flow per Basic Share	-3.64	-3.46	-0.64	-0.22	-0.79	- -
Price/Free Cash Flow	2.12	2.78	4.09	5.98	3.55	- -
Cash Flow to Net Income	1.59	0.95	12.29	56.12	5.84	6.04
Capital Expenditures	-119	-194	-72	-50	-97	-102