Filing Flows › Reservoir Media (RSVR) › Q3 FY26
Reservoir Media (RSVR) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 4, 2026
Reservoir Media (RSVR) reported revenue of $45.6M for the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier and +0.3% from the quarter before. Operating margin was 22.7%, net earnings $2.2M (4.8% of revenue).
Reservoir Media, Q3 FY26: revenue $45.6M (+8% year over year), operating margin 22.7%, net earnings $2.2M, operating cash flow $12.9M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $45.6M | +0.3% | +8% |
| Operating profit | $10.3M | -3% | +8% |
| Net earnings | $2.2M | -3% | -58% |
| Operating cash flow | $12.9M | -33% | +15% |
| Free cash flow | $12.8M | -33% | +14% |
What changed
Revenue was $45.6M in Q3 FY26, up 8% year over year and roughly flat from the previous quarter. Music Publishing was the largest line at 66% of revenue. Music Publishing added $3.2M year over year (up 12%), 99% of the total change. Other revenue declined 25%.
Operating profit was $10.3M, a 22.7% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, above the 23% margin then. Total costs grew 8% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+16%). Net earnings were $2.2M, down 58% year over year. The effective tax rate was 32.9%.
Operating cash flow was $12.9M (up 15% year over year), 587% of net earnings. Non-cash charges added back $7.8M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $1.8M. Capital expenditures of $128K left free cash flow of $12.8M.
Questions
What was Reservoir Media's revenue in the third quarter fiscal 2026?
Reservoir Media (RSVR) reported revenue of $45.6M for the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier and +0.3% from the quarter before.
Was Reservoir Media profitable in the third quarter fiscal 2026?
Operating profit was $10.3M (22.7% of revenue) and net earnings $2.2M.
Source: Reservoir Media 10-Q on SEC EDGAR.