For the quarter ending 2025-12-31, RSVR had -$7,348,053 decrease in cash & cash equivalents over the period. $12,796,365 in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Net income | 2,203,030 | 2,203,856 | -643,725 |
| Amortization of intangible assets | 7,731,933 | 7,502,158 | 7,262,026 |
| Depreciation of property and equipment | 57,341 | 54,705 | 51,711 |
| Share-based compensation | 1,091,683 | 1,113,885 | 1,133,552 |
| Loss from equity method investments | - | - | -164,228 |
| Amortization of deferred financing costs | 446,135 | 446,134 | 372,570 |
| Loss on fair value of swaps | -270,380 | -315,998 | -997,165 |
| Loss from equity method investments | -103,709 | -254,935 | - |
| Deferred income taxes | 1,078,418 | 947,313 | -271,066 |
| Accounts receivable | 1,172,584 | 1,208,200 | -3,174,032 |
| Other current assets | -227,907 | 136,493 | 89,887 |
| Royalty advances | -524,494 | 714,050 | -1,696,322 |
| Other assets and liabilities | -88,478 | -178,098 | -170,465 |
| Accounts payable, accrued expenses and deferred revenue | 918,338 | 2,581,942 | -2,369,707 |
| Royalties payable | -654,734 | 6,596,322 | -5,524,771 |
| Income taxes payable | 10,215 | -681,678 | -108,772 |
| Net cash provided by operating activities | 12,924,743 | 19,290,697 | 6,014,143 |
| Purchases of music catalogs | 49,772,595 | 40,183,614 | 7,938,946 |
| Investments in equity affiliates | 100,000 | 50,000 | 1,686,788 |
| Purchases of property and equipment | 128,378 | 125,541 | 33,608 |
| Net cash used for investing activities | -50,000,973 | -40,359,155 | -9,659,342 |
| Proceeds from secured line of credit | 40,000,000 | 39,000,000 | - |
| Repayments of secured line of credit | 10,000,000 | 5,000,000 | - |
| Proceeds from stock option exercises | 0 | 0 | 13,684 |
| Taxes paid related to net share settlement of restricted stock units | 0 | 0 | 1,382,793 |
| Deferred financing costs paid | 0 | 0 | 1,140,259 |
| Acquisition of noncontrolling interests | 287,650 | - | - |
| Net cash provided by financing activities | 29,712,350 | 34,000,000 | -2,509,368 |
| Foreign exchange impact on cash | 15,827 | 150,721 | -374,429 |
| Decrease in cash and cash equivalents | -7,348,053 | 13,082,263 | -6,528,996 |
| Cash and cash equivalents at beginning of period | 27,939,407 | 21,386,140 | - |
| Cash and cash equivalents at end of period | 20,591,354 | 27,939,407 | - |
Reservoir Media, Inc. (RSVR)
Reservoir Media, Inc. (RSVR)