Filing Flows › Reservoir Media (RSVR) › Q2 FY26
Reservoir Media (RSVR) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 4, 2025
Reservoir Media (RSVR) reported revenue of $45.4M for the second quarter fiscal 2026 (Q2 FY26), +12% from a year earlier and +22% from the quarter before. Operating margin was 23.5%, net earnings $2.3M (5.0% of revenue).
Reservoir Media, Q2 FY26: revenue $45.4M (+12% year over year), operating margin 23.5%, net earnings $2.3M, operating cash flow $19.3M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $45.4M | +22% | +12% |
| Operating profit | $10.7M | +96% | +6% |
| Net earnings | $2.3M | — | 12× |
| Operating cash flow | $19.3M | +221% | +45% |
| Free cash flow | $19.2M | +220% | +44% |
What changed
Revenue was $45.4M in Q2 FY26, up 12% year over year and up 22% from the previous quarter. Music Publishing was the largest line at 68% of revenue. Recorded Music added $2.3M year over year (up 21%), 48% of the total change.
Operating profit was $10.7M, a 23.5% margin (down 1.4 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, below the 25% margin then. Total costs grew 14% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+18%). Net earnings were $2.3M, up 1120% year over year ($2.2M including minority interests, which bore $54K of losses). The effective tax rate was 30.1%.
Operating cash flow was $19.3M (up 45% year over year), 875% of net income including minority interests. Non-cash charges added back $7.6M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $8.4M. Capital expenditures of $126K left free cash flow of $19.2M.
Questions
What was Reservoir Media's revenue in the second quarter fiscal 2026?
Reservoir Media (RSVR) reported revenue of $45.4M for the second quarter fiscal 2026 (Q2 FY26), +12% from a year earlier and +22% from the quarter before.
Was Reservoir Media profitable in the second quarter fiscal 2026?
Operating profit was $10.7M (23.5% of revenue) and net earnings $2.3M.
Source: Reservoir Media 10-Q on SEC EDGAR.