Reservoir Media, Inc. (RSVR) intrinsic value & 10-year financials
Reservoir Media, Inc. (RSVR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 18.8% a year to $175.7M, with an average return on invested capital of 3.0%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $9.44
- Market cap
- $625.9M
- Revenue (FY2026)
- $175.7M
- Revenue growth (7-yr CAGR)
- 18.8%
- ROIC (10-yr avg)
- 3.0%
- Free cash flow (FY2026)
- $49.7M
RSVR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $175.7M | $8.3M | $0.13 | $49.7M | 21.8% | 3.5% |
| FY2025 | $158.7M | $7.7M | $0.12 | $45.2M | 22.1% | 3.9% |
| FY2024 | $144.9M | $644.9K | $0.01 | $36.0M | 17.0% | 2.4% |
| FY2023 | $122.3M | $2.5M | $0.04 | $30.8M | 17.2% | 1.7% |
| FY2022 | $107.8M | $13.1M | $0.22 | $12.3M | 17.9% | 2.9% |
| FY2021 | $80.2M | $9.3M | $0.21 | $14.6M | 22.8% | 3.8% |
| FY2020 | $62.5M | $9.5M | $0.25 | — | 23.6% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Reservoir Media, Inc. is a consistent compounder, expanding top-line revenue at 18.8% annually over the past decade.
Reservoir Media, Inc. has historically struggled to out-earn its cost of capital, averaging just 3.0% ROIC.
Reservoir Media, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Reservoir Media, Inc. is modeled at -10.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-1.36 per share.