For the quarter ending 2025-12-31, RSVRW 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 |
|---|---|---|
| Net income | 2,203,030 | 1,560,131 |
| Amortization of intangible assets | 7,731,933 | 14,764,184 |
| Depreciation of property and equipment | 57,341 | 106,416 |
| Share-based compensation | 1,091,683 | 2,247,437 |
| Amortization of deferred financing costs | 446,135 | 818,704 |
| Loss on fair value of swaps | -270,380 | -1,313,163 |
| Loss from equity method investments | -103,709 | -254,935 |
| Deferred income taxes | 1,078,418 | 676,247 |
| Accounts receivable | 1,172,584 | -1,965,832 |
| Other current assets | -227,907 | 226,380 |
| Royalty advances | -524,494 | -982,272 |
| Other assets and liabilities | -88,478 | -348,563 |
| Accounts payable, accrued expenses and deferred revenue | 918,338 | 212,235 |
| Royalties payable | -654,734 | 1,071,551 |
| Income taxes payable | 10,215 | -790,450 |
| Net cash provided by operating activities | 12,924,743 | 25,304,840 |
| Purchases of music catalogs | 49,772,595 | 48,122,560 |
| Investments in equity affiliates | 100,000 | 1,736,788 |
| Purchases of property and equipment | 128,378 | 159,149 |
| Net cash used for investing activities | -50,000,973 | -50,018,497 |
| 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 | 13,684 |
| Taxes paid related to net share settlement of restricted stock units | 0 | 1,382,793 |
| Deferred financing costs paid | 0 | 1,140,259 |
| Acquisition of noncontrolling interests | 287,650 | - |
| Net cash provided by financing activities | 29,712,350 | 31,490,632 |
| Foreign exchange impact on cash | 15,827 | -223,708 |
| Decrease in cash and cash equivalents | -7,348,053 | 6,553,267 |
| 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. (RSVRW)
Reservoir Media, Inc. (RSVRW)