Filing Flows › Reservoir Media (RSVR) › Q1 FY27
Reservoir Media (RSVR) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 4, 2026
Reservoir Media (RSVR) reported revenue of $41.5M for the first quarter fiscal 2027 (Q1 FY27), +12% from a year earlier and -13% from the quarter before. Operating margin was 13.0%, net loss $508K (1.2% of revenue).
Reservoir Media, Q1 FY27: revenue $41.5M (+12% year over year), operating margin 13.0%, net loss $508K, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $41.5M | -13% | +12% |
| Operating profit | $5.4M | -54% | -1% |
| Net earnings | −$508K | -112% | — |
| Operating cash flow | −$1.4M | -112% | -123% |
What changed
Revenue was $41.5M in Q1 FY27, up 12% year over year and down 13% from the previous quarter. Music Publishing was the largest line at 64% of revenue. Recorded Music added $3.7M year over year (up 35%), 85% of the total change. Other revenue declined 51%.
Operating profit was $5.4M, a 13.0% margin (down 1.7 points year over year). Operating profit fell $68K even though revenue rose $4.3M versus Q1 FY26, so costs grew faster than sales. Total costs grew 14% against revenue growth of 12%. The fastest-growing cost line was General & admin (+16%). The quarter ended with a net loss of $508K, after a profit of $4.1M the previous quarter. Minority interests bore $415K of it: to shareholders the quarter was a loss of $93K. Net interest and other expense of $6.1M was the main reason.
Operating cash flow was −$1.4M. Non-cash charges added back $8.3M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $11.0M. Capital expenditures of $84K exceeded it, leaving free cash flow of −$1.5M.
Questions
What was Reservoir Media's revenue in the first quarter fiscal 2027?
Reservoir Media (RSVR) reported revenue of $41.5M for the first quarter fiscal 2027 (Q1 FY27), +12% from a year earlier and -13% from the quarter before.
Was Reservoir Media profitable in the first quarter fiscal 2027?
Operating profit was $5.4M (13.0% of revenue) and net loss $508K.
Source: Reservoir Media 10-Q on SEC EDGAR.