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Reservoir Media, Inc.（RSVR）与Rumble Inc.（RUM）财务数据对比。点击上方公司名可切换其他公司
Reservoir Media, Inc.的季度营收约是Rumble Inc.的1.7倍（$45.6M vs $27.1M），Reservoir Media, Inc.净利率更高（4.8% vs -120.8%，领先125.6%），Reservoir Media, Inc.同比增速更快（7.7% vs -10.5%），Reservoir Media, Inc.自由现金流更多（$12.8M vs $-31.7M），过去两年Rumble Inc.的营收复合增速更高（15.2% vs 7.9%）
Reservoir Media是全球领先的独立音乐版权管理企业，拥有并管理海量录音、音乐出版及邻接权版权库，合作各流派知名词曲作者、歌手与制作人，为流媒体平台、影视制作、广告、现场演出等场景提供版权授权服务，业务覆盖北美、欧洲、亚太等主要市场。
Rumble Inc.是一家加美跨国企业，主营在线视频平台、网络托管及云服务，总部位于加拿大多伦多，美国总部设在佛罗里达州朗博特基。公司由加拿大科技创业者克里斯·帕夫洛夫斯基于2013年创立，云服务板块为Truth Social提供托管支持，其视频平台在美国保守派及极右翼用户群体中广受欢迎，属于“另类科技”阵营。
RSVR vs RUM — 直观对比
营收规模更大
RSVR
是对方的1.7倍
$27.1M
营收增速更快
RSVR
高出18.2%
-10.5%
净利率更高
RSVR
高出125.6%
-120.8%
自由现金流更多
RSVR
多$44.5M
$-31.7M
两年增速更快
RUM
近两年复合增速
7.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $45.6M | $27.1M |
| 净利润 | $2.2M | $-32.7M |
| 毛利率 | 64.5% | 5.5% |
| 营业利润率 | 22.7% | -131.1% |
| 净利率 | 4.8% | -120.8% |
| 营收同比 | 7.7% | -10.5% |
| 净利润同比 | -58.1% | 86.2% |
| 每股收益（稀释后） | $0.03 | $-0.13 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收RSVRRUM
| Q4 25 | $45.6M | $27.1M | ||
| Q3 25 | $45.4M | $24.8M | ||
| Q2 25 | $37.2M | — | ||
| Q1 25 | $41.4M | $23.7M | ||
| Q4 24 | $42.3M | $30.2M | ||
| Q3 24 | $40.7M | $25.1M | ||
| Q2 24 | $34.3M | $22.5M | ||
| Q1 24 | $39.1M | $17.7M |
净利润RSVRRUM
| Q4 25 | $2.2M | $-32.7M | ||
| Q3 25 | $2.3M | $-16.3M | ||
| Q2 25 | $-555.7K | — | ||
| Q1 25 | $2.7M | $-2.7M | ||
| Q4 24 | $5.2M | $-236.8M | ||
| Q3 24 | $185.0K | $-31.5M | ||
| Q2 24 | $-346.7K | $-26.8M | ||
| Q1 24 | $2.8M | $-43.3M |
毛利率RSVRRUM
| Q4 25 | 64.5% | 5.5% | ||
| Q3 25 | 63.6% | -1.8% | ||
| Q2 25 | 64.5% | — | ||
| Q1 25 | 65.6% | -26.7% | ||
| Q4 24 | 64.4% | -14.2% | ||
| Q3 24 | 63.5% | -45.4% | ||
| Q2 24 | 61.3% | -58.8% | ||
| Q1 24 | 63.4% | -79.5% |
营业利润率RSVRRUM
| Q4 25 | 22.7% | -131.1% | ||
| Q3 25 | 23.5% | -113.6% | ||
| Q2 25 | 14.7% | — | ||
| Q1 25 | 25.2% | -153.5% | ||
| Q4 24 | 22.6% | -80.1% | ||
| Q3 24 | 24.9% | -131.0% | ||
| Q2 24 | 14.5% | -172.7% | ||
| Q1 24 | 22.4% | -197.4% |
净利率RSVRRUM
| Q4 25 | 4.8% | -120.8% | ||
| Q3 25 | 5.0% | -65.7% | ||
| Q2 25 | -1.5% | — | ||
| Q1 25 | 6.4% | -11.2% | ||
| Q4 24 | 12.4% | -783.2% | ||
| Q3 24 | 0.5% | -125.9% | ||
| Q2 24 | -1.0% | -119.2% | ||
| Q1 24 | 7.1% | -244.1% |
每股收益（稀释后）RSVRRUM
| Q4 25 | $0.03 | $-0.13 | ||
| Q3 25 | $0.03 | $-0.06 | ||
| Q2 25 | $-0.01 | — | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | $0.08 | $-1.17 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | $-0.01 | $-0.13 | ||
| Q1 24 | — | $-0.21 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $20.6M | $237.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $373.6M | $274.8M |
| 总资产 | $941.9M | $336.8M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资RSVRRUM
| Q4 25 | $20.6M | $237.9M | ||
| Q3 25 | $27.9M | $269.8M | ||
| Q2 25 | $14.9M | — | ||
| Q1 25 | $21.4M | $301.3M | ||
| Q4 24 | $17.8M | $114.0M | ||
| Q3 24 | $21.1M | $132.0M | ||
| Q2 24 | $16.4M | $154.2M | ||
| Q1 24 | $18.1M | $183.8M |
股东权益RSVRRUM
| Q4 25 | $373.6M | $274.8M | ||
| Q3 25 | $370.9M | $302.2M | ||
| Q2 25 | $368.9M | — | ||
| Q1 25 | $364.9M | $339.6M | ||
| Q4 24 | $359.5M | $-63.1M | ||
| Q3 24 | $357.9M | $166.1M | ||
| Q2 24 | $353.0M | $192.7M | ||
| Q1 24 | $353.0M | $210.7M |
总资产RSVRRUM
| Q4 25 | $941.9M | $336.8M | ||
| Q3 25 | $903.5M | $367.2M | ||
| Q2 25 | $857.0M | — | ||
| Q1 25 | $865.1M | $391.1M | ||
| Q4 24 | $832.4M | $195.3M | ||
| Q3 24 | $778.2M | $217.2M | ||
| Q2 24 | $768.2M | $243.2M | ||
| Q1 24 | $783.5M | $263.0M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $12.9M | $-29.4M |
| 自由现金流经营现金流 - 资本支出 | $12.8M | $-31.7M |
| 自由现金流率自由现金流/营收 | 28.1% | -117.2% |
| 资本支出强度资本支出/营收 | 0.3% | 8.5% |
| 现金转化率经营现金流/净利润 | 5.89× | — |
| 过去12个月自由现金流最近4个季度 | $50.1M | $-70.8M |
8季度趋势，按日历期对齐
经营现金流RSVRRUM
| Q4 25 | $12.9M | $-29.4M | ||
| Q3 25 | $19.3M | $-10.6M | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $12.2M | $-14.5M | ||
| Q4 24 | $11.2M | $-12.4M | ||
| Q3 24 | $13.3M | $-19.1M | ||
| Q2 24 | $8.6M | $-21.7M | ||
| Q1 24 | $13.8M | $-33.9M |
自由现金流RSVRRUM
| Q4 25 | $12.8M | $-31.7M | ||
| Q3 25 | $19.2M | $-12.0M | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $12.2M | $-14.6M | ||
| Q4 24 | $11.2M | $-12.4M | ||
| Q3 24 | $13.3M | $-19.9M | ||
| Q2 24 | $8.5M | $-23.1M | ||
| Q1 24 | $13.8M | $-34.3M |
自由现金流率RSVRRUM
| Q4 25 | 28.1% | -117.2% | ||
| Q3 25 | 42.2% | -48.6% | ||
| Q2 25 | 16.1% | — | ||
| Q1 25 | 29.3% | -61.7% | ||
| Q4 24 | 26.5% | -40.9% | ||
| Q3 24 | 32.7% | -79.5% | ||
| Q2 24 | 24.9% | -102.8% | ||
| Q1 24 | 35.2% | -193.3% |
资本支出强度RSVRRUM
| Q4 25 | 0.3% | 8.5% | ||
| Q3 25 | 0.3% | 5.7% | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | 0.6% | ||
| Q4 24 | 0.0% | 0.1% | ||
| Q3 24 | 0.1% | 3.4% | ||
| Q2 24 | 0.1% | 6.1% | ||
| Q1 24 | 0.0% | 2.4% |
现金转化率RSVRRUM
| 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× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
RSVR
| Other | $18.9M | 42% |
| Recorded Music Segment | $12.9M | 28% |
| Performance | $6.2M | 14% |
| Synchronization | $4.6M | 10% |
| Physical | $1.9M | 4% |
| Neighboring Rights | $1.1M | 3% |
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
