Filing Flows › Reservoir Media (RSVR) › Q2 FY27
Reservoir Media (RSVR) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 4, 2026
Reservoir Media (RSVR) reported revenue of $49.9M for the second quarter fiscal 2027 (Q2 FY27), +10% from a year earlier and +20% from the quarter before. Operating margin was 24.6%, net earnings $4.7M (9.5% of revenue).
Reservoir Media, Q2 FY27: revenue $49.9M (+10% year over year), operating margin 24.6%, net earnings $4.7M, operating cash flow $23.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $49.9M | +20% | +10% |
| Operating profit | $12.3M | +128% | +15% |
| Net earnings | $4.7M | — | +109% |
| Operating cash flow | $23.0M | — | +19% |
| Free cash flow | $22.9M | — | +19% |
What changed
Revenue was $49.9M in Q2 FY27, up 10% year over year and up 20% from the previous quarter. Music Publishing was the largest line at 67% of revenue. Music Publishing added $2.4M year over year (up 8%), 53% of the total change. Other revenue declined 17%.
Operating profit was $12.3M, a 24.6% margin (up 1.0 points year over year). Of the extra revenue versus Q2 FY26, 35% reached operating profit, above the 24% margin then. Total costs grew 8% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $4.7M, up 109% year over year ($4.6M including minority interests, which bore $93K of losses). The effective tax rate was 23.6%.
Operating cash flow was $23.0M (up 19% year over year), 496% of net income including minority interests. Non-cash charges added back $8.5M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $8.7M. Capital expenditures of $81K left free cash flow of $22.9M.
Questions
What was Reservoir Media's revenue in the second quarter fiscal 2027?
Reservoir Media (RSVR) reported revenue of $49.9M for the second quarter fiscal 2027 (Q2 FY27), +10% from a year earlier and +20% from the quarter before.
Was Reservoir Media profitable in the second quarter fiscal 2027?
Operating profit was $12.3M (24.6% of revenue) and net earnings $4.7M.
Source: Reservoir Media 10-Q on SEC EDGAR.