Reservoir Media

RSVR

Entertainment · Communication Services

Price

$10.22

+0.03 (+0.29%)

Market Cap

$672.6M

Exchange

NASDAQ

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Share count rising — dilution

+13.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 58.5M (2022) → 66.3M (2026)

Reservoir Media, Inc. operates as a music publishing company. It operates in two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs. The company was founded in 2007 and is headquartered in New York, New Yo

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+5.8% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-5.1% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

49.5%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~5 months

$21M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Reservoir Media has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin

65.6%

Premium pricing power — 65.6% gross margin

Operating Margin

25.2%

Excellent — 25.2% operating margin

ROCE

1.4%

Weak — 1.4% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

+8.4%

Steady sales growth (8.4% YoY)

EPS YoY

-16.8%

Earnings shrinking (-16.8% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

767%

Turns 767% of profit into real cash

FCF Margin

-43.7%

Burning cash (-43.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

1.06

Elevated debt (1.06)

Interest Cover

1.43x

Dangerous — barely covers interest (1.4x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

P/E Ratio (TTM)

101.9x

Expensive — P/E 101.9

P/E over 35. The market is pricing in heavy, sustained growth.

P/E vs Forward

+20.3

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (101.9 → 81.6)

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Dividends

Not applicable for this business.

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