| Cash Flow | 2026-03-31 |
|---|---|
| Net income | 7,826,515 |
| Amortization of intangible assets | 30,556,213 |
| Depreciation of property and equipment | 226,798 |
| Share-based compensation | 4,271,714 |
| Amortization of deferred financing costs | 1,710,973 |
| Loss on fair value of swaps | -350,960 |
| Loss from equity method investments | -506,021 |
| Deferred income taxes | 2,326,972 |
| Accounts receivable | 2,983,464 |
| Other current assets | -874,225 |
| Royalty advances | -333,504 |
| Other assets and liabilities | -815,933 |
| Accounts payable, accrued expenses and deferred revenue | -1,383,063 |
| Royalties payable | 4,962,099 |
| Income taxes payable | -255,410 |
| Net cash provided by operating activities | 50,139,990 |
| Purchases of music catalogs | 101,601,263 |
| Investments in equity affiliates | 2,236,787 |
| Purchases of property and equipment | 482,000 |
| Net cash used for investing activities | -104,320,050 |
| Proceeds from secured line of credit | 86,000,000 |
| Repayments of secured line of credit | 19,000,000 |
| Proceeds from stock option exercises | 13,684 |
| Taxes paid related to net share settlement of restricted stock units | 1,382,794 |
| Deferred financing costs paid | 1,140,259 |
| Acquisition of noncontrolling interests | 287,650 |
| Net cash provided by financing activities | 64,202,981 |
| Foreign exchange impact on cash | -107,828 |
| Net increase in cash, cash equivalents and restricted cash | 9,915,093 |
| Cash, cash equivalents and restricted cash at beginning of year | 21,386,140 |
| Cash, cash equivalents and restricted cash at end of year | 31,301,233 |
Reservoir Media, Inc. (RSVRW)
Reservoir Media, Inc. (RSVRW)