RESERVOIR MEDIA, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $175.7M | $158.7M | $144.9M | $122.3M | $107.8M | $80.2M | $62.5M |
| Cost of Revenue | $62.0M | $57.4M | $55.5M | $48.0M | $44.2M | $32.9M | $27.3M |
| Gross Profit | $113.7M | $101.3M | $89.4M | $74.3M | $63.7M | $47.4M | $35.2M |
| Gross Margin | 64.7% | 63.8% | 61.7% | 60.8% | 59.0% | 59.1% | 56.3% |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | — |
| SG&A Expense | $44.7M | $39.9M | $39.8M | $31.2M | $25.3M | $15.0M | — |
| Operating Income | $38.2M | $35.1M | $24.6M | $21.1M | $19.4M | $18.3M | $14.7M |
| Operating Margin | 21.8% | 22.1% | 17.0% | 17.2% | 17.9% | 22.8% | 23.6% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $11.2M | $9.9M | $1.2M | $8.4M | $17.4M | $11.4M | $13.5M |
| Income Tax Expense | $3.3M | $2.1M | $334.8K | $5.6M | $4.3M | $2.1M | $4.0M |
| Net Income | $8.3M | $7.7M | $644.9K | $2.5M | $13.1M | $9.3M | $9.5M |
| Net Margin | 4.7% | 4.9% | 0.4% | 2.1% | 12.1% | 11.5% | 15.2% |
| EPS (Basic) | $0.13 | $0.12 | $0.01 | $0.04 | $0.23 | $0.21 | $0.25 |
| EPS (Diluted) | $0.13 | $0.12 | $0.01 | $0.04 | $0.22 | $0.21 | $0.25 |
| Shares Outstanding (Basic) | 65.5M | 65.2M | 64.8M | 64.3M | 52.6M | 28.4M | — |
| Shares Outstanding (Diluted) | 66.3M | 65.9M | 65.3M | 64.8M | 58.5M | 44.5M | — |
| Dividends Per Share | — | — | — | — | — | — | — |