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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Mar. 31, 2025
Current assets    
Cash and cash equivalents $ 20,591,354 $ 21,386,140
Accounts receivable 37,055,363 37,848,611
Current portion of royalty advances 15,328,098 15,182,463
Other current assets 4,865,554 4,867,081
Total current assets 77,840,369 79,284,295
Intangible assets, net 797,168,961 719,673,219
Equity method and other investments 2,578,144 1,100,000
Royalty advances, net of current portion and reserves 54,144,766 55,508,155
Property and equipment, net 530,554 406,784
Operating lease right of use assets, net 7,259,255 5,949,418
Fair value of swap assets 642,406 1,828,303
Other assets 1,740,980 1,376,836
Total assets 941,905,435 865,127,010
Current liabilities    
Accounts payable and accrued liabilities 5,853,767 5,394,755
Royalties payable 47,896,461 47,210,727
Accrued payroll 1,599,390 2,588,758
Deferred revenue 4,063,269 1,885,462
Other current liabilities 6,204,969 7,954,208
Income taxes payable 11,844 803,342
Total current liabilities 65,629,700 65,837,252
Secured line of credit 452,259,334 388,134,754
Deferred tax liability 40,853,064 38,228,099
Operating lease liabilities, net of current portion 7,194,524 5,723,930
Fair value of swap liability 807,654 410,008
Other liabilities 360,507 593,185
Total liabilities 567,104,783 498,927,228
Contingencies and commitments (Note 15)
Shareholders' Equity    
Preferred stock, $0.0001 par value 75,000,000 shares authorized, 0 shares issued and outstanding at December 31, 2025 and March 31, 2025
Common stock, $0.0001 par value; 750,000,000 shares authorized, 65,590,787 shares issued and outstanding at December 31, 2025; 65,239,735 shares issued and outstanding at March 31, 2025 6,560 6,524
Additional paid-in capital 346,079,764 344,145,789
Retained earnings 27,045,737 23,147,570
Accumulated other comprehensive income (loss) 482,408 (2,422,107)
Total Reservoir Media, Inc. shareholders' equity 373,614,469 364,877,776
Noncontrolling interest 1,186,183 1,322,006
Total shareholders' equity 374,800,652 366,199,782
Total liabilities and shareholders' equity $ 941,905,435 $ 865,127,010