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Side-by-side financial comparison of Namib Minerals (NAMM) and Reservoir Media, Inc. (RSVR). Click either name above to swap in a different company.

Reservoir Media, Inc. is the larger business by last-quarter revenue ($45.6M vs $41.9M, roughly 1.1× Namib Minerals). Reservoir Media, Inc. produced more free cash flow last quarter ($12.8M vs $7.4M).

Namib Minerals is a Namibia-based natural resources firm focused on exploration, development and extraction of high-demand mineral deposits including uranium, copper and lithium. It operates across licensed southern African sites, supplying raw materials to global clean energy, construction and electronics manufacturing sectors.

Reservoir Media, Inc. is a leading global independent music rights management company. It owns and administers extensive catalogs of recorded music, music publishing copyrights, and neighboring rights, partnering with top songwriters, performing artists, and producers across genres including pop, hip-hop, rock, and film soundtracks. It licenses its content for use across streaming platforms, advertising, film and television productions, live events, and other commercial channels, with operations spanning North America, Europe, and Asia Pacific markets.

NAMM vs RSVR — Head-to-Head

Bigger by revenue
RSVR
RSVR
1.1× larger
RSVR
$45.6M
$41.9M
NAMM
More free cash flow
RSVR
RSVR
$5.4M more FCF
RSVR
$12.8M
$7.4M
NAMM

Income Statement — Q2 FY2025 vs Q3 FY2026

Metric
NAMM
NAMM
RSVR
RSVR
Revenue
$41.9M
$45.6M
Net Profit
$2.2M
Gross Margin
45.7%
64.5%
Operating Margin
29.8%
22.7%
Net Margin
4.8%
Revenue YoY
7.7%
Net Profit YoY
-58.1%
EPS (diluted)
$0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NAMM
NAMM
RSVR
RSVR
Q4 25
$45.6M
Q3 25
$45.4M
Q2 25
$41.9M
$37.2M
Q1 25
$41.4M
Q4 24
$42.3M
Q3 24
$40.7M
Q2 24
$34.3M
Q1 24
$39.1M
Net Profit
NAMM
NAMM
RSVR
RSVR
Q4 25
$2.2M
Q3 25
$2.3M
Q2 25
$-555.7K
Q1 25
$2.7M
Q4 24
$5.2M
Q3 24
$185.0K
Q2 24
$-346.7K
Q1 24
$2.8M
Gross Margin
NAMM
NAMM
RSVR
RSVR
Q4 25
64.5%
Q3 25
63.6%
Q2 25
45.7%
64.5%
Q1 25
65.6%
Q4 24
64.4%
Q3 24
63.5%
Q2 24
61.3%
Q1 24
63.4%
Operating Margin
NAMM
NAMM
RSVR
RSVR
Q4 25
22.7%
Q3 25
23.5%
Q2 25
29.8%
14.7%
Q1 25
25.2%
Q4 24
22.6%
Q3 24
24.9%
Q2 24
14.5%
Q1 24
22.4%
Net Margin
NAMM
NAMM
RSVR
RSVR
Q4 25
4.8%
Q3 25
5.0%
Q2 25
-1.5%
Q1 25
6.4%
Q4 24
12.4%
Q3 24
0.5%
Q2 24
-1.0%
Q1 24
7.1%
EPS (diluted)
NAMM
NAMM
RSVR
RSVR
Q4 25
$0.03
Q3 25
$0.03
Q2 25
$-0.01
Q1 25
Q4 24
$0.08
Q3 24
Q2 24
$-0.01
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NAMM
NAMM
RSVR
RSVR
Cash + ST InvestmentsLiquidity on hand
$20.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$373.6M
Total Assets
$941.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAMM
NAMM
RSVR
RSVR
Q4 25
$20.6M
Q3 25
$27.9M
Q2 25
$14.9M
Q1 25
$21.4M
Q4 24
$17.8M
Q3 24
$21.1M
Q2 24
$16.4M
Q1 24
$18.1M
Stockholders' Equity
NAMM
NAMM
RSVR
RSVR
Q4 25
$373.6M
Q3 25
$370.9M
Q2 25
$368.9M
Q1 25
$364.9M
Q4 24
$359.5M
Q3 24
$357.9M
Q2 24
$353.0M
Q1 24
$353.0M
Total Assets
NAMM
NAMM
RSVR
RSVR
Q4 25
$941.9M
Q3 25
$903.5M
Q2 25
$857.0M
Q1 25
$865.1M
Q4 24
$832.4M
Q3 24
$778.2M
Q2 24
$768.2M
Q1 24
$783.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NAMM
NAMM
RSVR
RSVR
Operating Cash FlowLast quarter
$11.4M
$12.9M
Free Cash FlowOCF − Capex
$7.4M
$12.8M
FCF MarginFCF / Revenue
17.6%
28.1%
Capex IntensityCapex / Revenue
9.6%
0.3%
Cash ConversionOCF / Net Profit
5.89×
TTM Free Cash FlowTrailing 4 quarters
$50.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAMM
NAMM
RSVR
RSVR
Q4 25
$12.9M
Q3 25
$19.3M
Q2 25
$11.4M
$6.0M
Q1 25
$12.2M
Q4 24
$11.2M
Q3 24
$13.3M
Q2 24
$8.6M
Q1 24
$13.8M
Free Cash Flow
NAMM
NAMM
RSVR
RSVR
Q4 25
$12.8M
Q3 25
$19.2M
Q2 25
$7.4M
$6.0M
Q1 25
$12.2M
Q4 24
$11.2M
Q3 24
$13.3M
Q2 24
$8.5M
Q1 24
$13.8M
FCF Margin
NAMM
NAMM
RSVR
RSVR
Q4 25
28.1%
Q3 25
42.2%
Q2 25
17.6%
16.1%
Q1 25
29.3%
Q4 24
26.5%
Q3 24
32.7%
Q2 24
24.9%
Q1 24
35.2%
Capex Intensity
NAMM
NAMM
RSVR
RSVR
Q4 25
0.3%
Q3 25
0.3%
Q2 25
9.6%
0.1%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.0%
Cash Conversion
NAMM
NAMM
RSVR
RSVR
Q4 25
5.89×
Q3 25
8.54×
Q2 25
Q1 25
4.56×
Q4 24
2.14×
Q3 24
71.97×
Q2 24
Q1 24
4.93×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NAMM
NAMM

Segment breakdown not available.

RSVR
RSVR

Other$18.9M42%
Recorded Music Segment$12.9M28%
Performance$6.2M14%
Synchronization$4.6M10%
Physical$1.9M4%
Neighboring Rights$1.1M3%

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