Reservoir Media, Inc. (RSVR) Stock

Reservoir Media, Inc. (RSVR) is a Communication Services stock trading at $9.76 (as of 2026-08-20), with a market capitalization of $643.15M and a trailing P/E of 173.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Reservoir Media, Inc. is a music publishing company operating in the Music Publishing and Recorded Music segments. It acquires interests in music catalogs and signs songwriters, and it also acquires recording catalogs and handles the discovery and development of artists along with marketing, distribution, sale, and licensing of music content.

Understand Reservoir Media, Inc.: how it makes money

Reservoir Media is a music publishing and recorded-music company, it makes money by acquiring music catalog interests, signing songwriters, and then monetizing both publishing rights and sound recording catalogs through licensing, marketing, distribution, sales, and related recorded-music activities.

Its profit model is catalog monetization, where scale in copyrights (song and recording rights) supports ongoing licensing and related revenue streams across both Music Publishing and Recorded Music.

Revenue by segment (latest quarter)
MusicPub	$0.0B
RecMusic	$0.0B

Business quality (Solid): Clear segment definition (Music Publishing vs Recorded Music) and a catalog-driven operating logic. However, the input does not provide enough quarter-specific operational detail to judge near-term momentum, and segment revenues are very small in the provided snapshot.

Valuation: At 77× earnings, RSVR trades 46% above the Entertainment average (53×). Note: one-time items can distort reported P/E.

Bull case

Catalog-led revenue model: The company acquires interests in music catalogs and sound recording catalogs, then monetizes those rights through licensing and related music industry activities.
Two linked monetization engines: Music Publishing (songwriter and catalog interests) and Recorded Music (recording catalog acquisition, artist discovery and development, plus marketing, distribution, sale, and licensing) provide separate ways for rights to generate revenue.

Bear case

Small scale in the provided financial snapshot: The provided segment revenues are very small, which can make results sensitive to changes in monetization volumes or timing of licensing activity.
Revenue concentration risk inside categories: Multiple sub-line items in the candidate list are shown as 0.0 (for example, physical recorded music, synchronization items and neighboring rights), suggesting that not all rights monetization routes are contributing meaningfully in this snapshot.

Valuation — source: SEC EDGAR (first-party)
Price	$9.76
Market Cap	$643.15M
P/E Ratio	173.0
EV / EBITDA	17.4
Price / Book	1.70
Price / Sales	3.79
FCF Yield	10.5%
DCF Value (model)	$16.58
DCF Upside vs Price	70.0%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$175.66M
Net Margin	4.7%
Revenue Growth (YoY)	10.7%
EPS Growth (YoY)	8.3%
FCF Growth (YoY)	9.9%

Financial Health — source: SEC EDGAR
Altman Z-Score	1.07 (distress)
Piotroski F-Score	6/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	173.0
Sector P/E (Communication Services)	24.4
Industry P/E (Entertainment)	39.5
vs Sector	609.7%
vs Industry	338.1%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	Irenic Capital Management LP ($60.51M)
Institutional Holders Tracked	10

Company
Sector	Communication Services
Industry	Entertainment
CEO	Golnar Khosrowshahi
Employees	99
Country	US
IPO Date	2021-01-05

Related Companies (Business model: Consumer Subscription Content (Streaming, News, Audio); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.