| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income (loss) | 1,560,131 | -643,725 |
| Amortization of intangible assets | 14,764,184 | 7,262,026 |
| Depreciation of property and equipment | 106,416 | 51,711 |
| Share-based compensation | 2,247,437 | 1,133,552 |
| Loss from equity method investments | - | -164,228 |
| Amortization of deferred financing costs | 818,704 | 372,570 |
| Loss on fair value of swaps | -1,313,163 | -997,165 |
| Loss from equity method investments | -254,935 | - |
| Deferred income taxes | 676,247 | -271,066 |
| Accounts receivable | -1,965,832 | -3,174,032 |
| Other current assets | 226,380 | 89,887 |
| Royalty advances | -982,272 | -1,696,322 |
| Other assets and liabilities | -348,563 | -170,465 |
| Accounts payable, accrued expenses and deferred revenue | 212,235 | -2,369,707 |
| Royalties payable | 1,071,551 | -5,524,771 |
| Income taxes payable | -790,450 | -108,772 |
| Net cash provided by operating activities | 25,304,840 | 6,014,143 |
| Purchases of music catalogs | 48,122,560 | 7,938,946 |
| Investments in equity affiliates | 1,736,788 | 1,686,788 |
| Purchases of property and equipment | 159,149 | 33,608 |
| Net cash used for investing activities | -50,018,497 | -9,659,342 |
| Proceeds from secured line of credit | 39,000,000 | - |
| Repayments of secured line of credit | 5,000,000 | - |
| Proceeds from stock option exercises | 13,684 | 13,684 |
| Taxes paid related to net share settlement of restricted stock units | 1,382,793 | 1,382,793 |
| Deferred financing costs paid | 1,140,259 | 1,140,259 |
| Net cash provided by (used for) financing activities | 31,490,632 | -2,509,368 |
| Foreign exchange impact on cash | -223,708 | -374,429 |
| Increase in cash and cash equivalents | 6,553,267 | -6,528,996 |
| Cash and cash equivalents at beginning of period | 21,386,140 | - |
| Cash and cash equivalents at end of period | 27,939,407 | - |
Reservoir Media, Inc. (RSVR)
Reservoir Media, Inc. (RSVR)