RMR Group Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), RMR Group Inc reported revenue of $700.3M (-22.0% year on year) and net income of $38.7M (-27.2% year on year).
| Line item | Sep 30, 2025 · FY | Sep 30, 2024 · FY | Sep 30, 2023 · FY | Sep 30, 2022 · FY |
|---|---|---|---|---|
| Total management, termination, incentive and advisory services revenues | $182.7M | $193.9M | $962.3M | $832.5M |
| Loan investment interest income | $5.8M | $1.4M | — | — |
| Compensation and benefits | ($3.4M) | — | — | — |
| Income from loan investments, net | $2.4M | $1.3M | — | — |
| Rental property revenues | $8.3M | $1.6M | — | — |
| Total reimbursable costs | $506.9M | $700.8M | — | — |
| Total revenues | $700.3M | $897.6M | — | — |
| Compensation and benefits | $161.7M | $170.4M | $136.4M | $129.9M |
| Equity based compensation | $9.7M | $10.6M | $12.5M | $10.1M |
| Separation costs | $7.1M | $6.3M | $2.0M | $1.3M |
| Total compensation and benefits expense | $178.5M | $187.3M | $150.8M | $141.3M |
| General and administrative | $42.5M | $43.7M | $36.0M | $32.9M |
| Other reimbursable expenses | $422.0M | $608.7M | $656.4M | $568.8M |
| Rental property expenses | $2.8M | $462.0K | — | — |
| Transaction and acquisition related costs | $1.1M | $7.8M | $4.2M | $132.0K |
| Depreciation and amortization | $11.6M | $4.7M | $1.1M | $993.0K |
| Total expenses | $658.5M | $852.6M | $848.6M | $744.1M |
| Operating income | $41.8M | $45.0M | $113.7M | $88.4M |
| Interest income | $5.2M | $10.4M | $10.6M | $1.3M |
| Interest expense | ($4.3M) | ($783.0K) | — | — |
| Change in fair value of Earnout liability | $8.3M | $2.6M | — | — |
| (Loss) gain on investments | ($5.1M) | $7.3M | $0 | $0 |
| Gain on sale of real estate | $445.0K | — | — | — |
| Income before income tax expense | $46.4M | $64.4M | $149.5M | $90.7M |
| Income tax expense attributable to RMR Inc. | ($7.7M) | ($11.3M) | ($21.8M) | ($13.2M) |
| Net income | $38.7M | $53.1M | $127.8M | $77.5M |
| Net income attributable to noncontrolling interest in The RMR Group LLC | ($21.9M) | ($30.0M) | — | — |
| Net loss attributable to other noncontrolling interests | $827.0K | $40.0K | — | — |
| Net income attributable to The RMR Group Inc. | $17.6M | $23.1M | $57.1M | $34.0M |
| Unrealized loss on derivatives | ($117.0K) | — | — | — |
| Less: unrealized loss on derivatives attributable to noncontrolling interest | $55.0K | — | — | — |
| Other comprehensive loss attributable to The RMR Group Inc. | ($62.0K) | — | — | — |
| Comprehensive income attributable to The RMR Group Inc. | $17.5M | — | — | — |
| Weighted average common shares outstanding - basic (in shares) | 16.6M | 16.5M | 16.4M | 16.3M |
| Weighted average common shares outstanding - diluted (in shares) | 16.6M | 16.5M | 16.4M | 31.3M |
| Net income attributable to The RMR Group Inc. per common share - basic (in dollars per share) | $1.03 | $1.38 | $3.44 | $2.06 |
| Net income attributable to The RMR Group Inc. per common share - diluted (in dollars per share) | $1.03 | $1.38 | $3.44 | $2.04 |
| Line item | Jun 30, 2026 · Q3 | Mar 31, 2026 · Q2 | Dec 31, 2025 · Q1 | Jun 30, 2025 · Q3 |
|---|---|---|---|---|
| Total management, incentive and advisory services revenues | $45.5M | $42.0M | $66.7M | $44.1M |
| Income from loan investments, net | $0 | $0 | $411.0K | $677.0K |
| Rental property revenues | $5.2M | $5.1M | $5.1M | $2.0M |
| Total reimbursable costs | $102.8M | $98.5M | $108.2M | $108.0M |
| Total revenues | $153.5M | $145.6M | $180.4M | $154.7M |
| Compensation and benefits | $39.6M | $37.7M | $37.4M | $38.6M |
| Equity based compensation | $5.6M | $3.0M | $2.0M | $2.1M |
| Separation costs | $1.7M | $1.3M | $1.4M | $1.9M |
| Total compensation and benefits expense | $47.0M | $42.0M | $40.8M | $42.6M |
| General and administrative | $10.7M | $10.7M | $9.9M | $9.6M |
| Other reimbursable expenses | $81.0M | $79.3M | $89.6M | $88.0M |
| Rental property expenses | $1.7M | $1.9M | $1.8M | $748.0K |
| Transaction and acquisition related (recoveries) costs | ($1.1M) | $227.0K | $1.5M | $820.0K |
| Loss on impairment of other assets | $19.1M | — | — | — |
| Depreciation and amortization | $4.4M | $4.4M | $4.7M | $3.0M |
| Total expenses | $162.8M | $138.6M | $148.3M | $144.8M |
| Operating (loss) income | ($9.3M) | $7.0M | $32.1M | $10.0M |
| Interest income | $416.0K | $516.0K | $535.0K | $1.2M |
| Interest expense | ($3.2M) | ($2.6M) | ($2.6M) | ($1.1M) |
| Change in fair value of Earnout liability | $0 | $0 | $3.6M | $1.2M |
| Gain (loss) on investments | $21.3M | ($2.3M) | ($1.7M) | ($215.0K) |
| Loss on extinguishment of debt | $0 | $0 | ($452.0K) | — |
| Gain on sale of real estate | $0 | $0 | — | $0 |
| Income before income tax expense | $9.3M | $2.6M | $31.5M | $11.0M |
| Income tax expense | ($1.9M) | ($589.0K) | ($4.7M) | ($1.8M) |
| Net income | $7.4M | $2.1M | $26.8M | $9.3M |
| Net income attributable to noncontrolling interest in The RMR Group LLC | ($4.5M) | ($1.5M) | ($15.0M) | ($5.2M) |
| Net loss attributable to other noncontrolling interests | $354.0K | $402.0K | $386.0K | $91.0K |
| Net income attributable to The RMR Group Inc. | $3.2M | $1.0M | $12.2M | $4.2M |
| Unrealized gain on derivatives, net of tax expense of $251, $0, $251 and $0, respectively | $288.0K | $688.0K | ($151.0K) | — |
| Less: unrealized gain on derivatives attributable to noncontrolling interest in The RMR Group LLC, net of tax expense of $117, $0, $117 and $0, respectively | ($135.0K) | ($322.0K) | $71.0K | — |
| Other comprehensive income attributable to The RMR Group Inc., net of tax expense of $134, $0, $134 and $0, respectively | $153.0K | $366.0K | ($80.0K) | — |
| Comprehensive income attributable to The RMR Group Inc. | $3.4M | $1.4M | $12.1M | — |
| Weighted average common shares outstanding - basic (in shares) | 16.8M | 16.8M | 16.7M | 16.7M |
| Weighted average common shares outstanding - diluted (in shares) | 16.8M | 16.8M | 16.7M | 16.7M |
| Net income attributable to The RMR Group Inc. per common share - basic (in usd per share) | $0.18 | $0.05 | $0.71 | $0.25 |
| Net income attributable to The RMR Group Inc. per common share - diluted (in usd per share) | $0.18 | $0.05 | $0.71 | $0.25 |
| Line item | Sep 30, 2025 · FY | Sep 30, 2024 · FY | Sep 30, 2023 · FY | Sep 30, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $62.3M | $141.6M | $268.0M | $189.1M |
| Due from related parties | $79.7M | $134.0M | $111.3M | $108.8M |
| Prepaid and other current assets | $13.7M | $9.8M | $7.0M | $5.4M |
| Loans held for investment, net of allowance for credit losses of $63 | $37.0M | — | — | — |
| Assets held for sale | $0 | $8.7M | — | — |
| Total current assets | $192.7M | $294.1M | $386.3M | $303.3M |
| Loans held for investment, net of allowance for credit losses of $526 and $343, respectively | $24.0M | $56.2M | — | — |
| Property and equipment, net of accumulated depreciation of $7,980 and $3,447, respectively | $228.7M | $76.4M | $5.4M | $2.5M |
| Due from related parties, net of current portion | $10.4M | $9.3M | $7.3M | $14.6M |
| Investments | $31.9M | $23.7M | — | — |
| Goodwill | $71.8M | $71.8M | — | — |
| Intangible assets, net of accumulated amortization of $9,074 and $3,719, respectively | $26.1M | — | — | — |
| Operating lease right of use assets | $22.9M | $27.4M | $29.0M | $28.9M |
| Deferred tax asset | $13.2M | $15.2M | $18.2M | $17.1M |
| Other assets, net of accumulated amortization of $97,156 and $87,740, respectively | $96.6M | $106.1M | $115.5M | $124.9M |
| Total assets | $718.2M | $700.5M | $582.4M | $542.4M |
| Reimbursable accounts payable and accrued expenses | $43.6M | $90.4M | $77.9M | $80.2M |
| Accounts payable and accrued expenses | $38.7M | $31.6M | $19.1M | $16.7M |
| Current portion of Earnout liability | $3.6M | $517.0K | — | — |
| Operating lease liabilities | $5.6M | $5.9M | $5.1M | $4.7M |
| Current portion of secured financing facility, net | $26.3M | — | — | — |
| Liabilities held for sale | $0 | $5.0M | — | — |
| Total current liabilities | $117.8M | $133.4M | $105.6M | $109.2M |
| Operating lease liabilities, net of current portion | $17.7M | $22.1M | $25.0M | $25.6M |
| Amounts due pursuant to tax receivable agreement, net of current portion | $15.9M | $18.4M | $20.9M | $23.3M |
| Employer compensation liability, net of current portion | $10.4M | $9.3M | $7.3M | $14.6M |
| Earnout liability, net of current portion | $0 | $11.4M | — | — |
| Secured financing facility, net of current portion | $18.3M | — | — | — |
| Mortgage notes payable, net | $136.2M | $45.1M | — | — |
| Total liabilities | $316.2M | $281.1M | $158.8M | $172.7M |
| Common stock | $32.0K | $32.0K | $32.0K | $32.0K |
| Additional paid in capital | $121.7M | $118.8M | $116.0M | $113.1M |
| Retained earnings | $453.8M | $436.2M | $413.1M | $355.9M |
| Cumulative other comprehensive loss | ($62.0K) | — | — | — |
| Cumulative common distributions | ($347.8M) | ($317.5M) | ($289.1M) | ($262.5M) |
| Total shareholders’ equity | $227.7M | $237.6M | $240.1M | $206.6M |
| Noncontrolling interest in The RMR Group LLC | $172.3M | $181.4M | — | — |
| Noncontrolling interest in other consolidated entities | $2.1M | $404.0K | — | — |
| Total noncontrolling interests | $174.4M | $181.8M | $183.6M | $163.1M |
| Total equity | $402.0M | $419.4M | $423.7M | $369.7M |
| Total liabilities and equity | $718.2M | $700.5M | $582.4M | $542.4M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $58.2M | $80.1M | $49.3M | $121.3M |
| Due from related parties | $79.9M | $83.0M | $109.9M | $84.3M |
| Prepaid and other current assets | $15.2M | $14.4M | $12.6M | $15.7M |
| Loans held for investment, net of allowance for credit losses of $0 and $63, respectively | $0 | $0 | $0 | — |
| Total current assets | $153.3M | $177.5M | $171.9M | $221.4M |
| Loans held for investment, net of allowance for credit losses of $0 and $526, respectively | $0 | $0 | $0 | $63.8M |
| Property and equipment, net of accumulated depreciation of $15,276 and $7,980, respectively | $225.8M | $227.4M | $227.5M | $91.1M |
| Due from related parties, net of current portion | $11.4M | $9.8M | $9.3M | $6.0M |
| Investments | $136.2M | $51.3M | $54.6M | $35.5M |
| Goodwill | $71.8M | $71.8M | $71.8M | $71.8M |
| Intangible assets, net of accumulated amortization of $12,171 and $9,074, respectively | $20.3M | $22.1M | $23.9M | $22.0M |
| Operating lease right of use assets | $19.1M | $20.4M | $21.4M | $23.8M |
| Deferred tax asset | $13.9M | $12.4M | $12.5M | $13.6M |
| Other assets, net of accumulated amortization of $71,786 and $97,156, respectively | $61.9M | $91.9M | $94.3M | $99.0M |
| Total assets | $713.6M | $684.6M | $687.1M | $648.0M |
| Reimbursable accounts payable and accrued expenses | $48.9M | $51.8M | $50.9M | $46.7M |
| Accounts payable and accrued expenses | $55.4M | $45.0M | $37.9M | $45.2M |
| Current portion of Earnout liability | $0 | $0 | $0 | $0 |
| Operating lease liabilities | $5.5M | $5.5M | $5.5M | $5.6M |
| Current portion of secured financing facility, net | $0 | $0 | $0 | — |
| Total current liabilities | $109.9M | $102.4M | $94.3M | $97.4M |
| Operating lease liabilities, net of current portion | $14.1M | $15.3M | $16.3M | $18.6M |
| Amounts due pursuant to tax receivable agreement, net of current portion | $15.9M | $15.9M | $15.9M | $18.4M |
| Employer compensation liability, net of current portion | $11.4M | $9.8M | $9.3M | $6.0M |
| Secured financing facility, net of current portion | $0 | $0 | $0 | — |
| Secured revolving credit facility | $25.0M | — | — | — |
| Mortgage notes payable, net | $138.8M | $136.8M | $136.4M | $45.4M |
| Total liabilities | $315.0M | $280.2M | $272.3M | $238.7M |
| Common stock | $32.0K | $32.0K | $32.0K | $32.0K |
| Additional paid in capital | $124.4M | $123.5M | $122.3M | $121.1M |
| Retained earnings | $470.2M | $467.0M | $466.0M | $450.4M |
| Cumulative other comprehensive income (loss) | $377.0K | $224.0K | ($142.0K) | — |
| Cumulative common distributions | ($370.9M) | ($363.2M) | ($355.5M) | ($340.3M) |
| Total shareholders’ equity | $224.2M | $227.6M | $232.7M | $231.3M |
| Noncontrolling interest in The RMR Group LLC | $173.3M | $175.4M | $180.4M | $175.4M |
| Noncontrolling interest in other consolidated entities | $1.1M | $1.5M | $1.7M | $2.6M |
| Total noncontrolling interests | $174.4M | $176.8M | $182.1M | $178.0M |
| Total equity | $398.6M | $404.4M | $414.8M | $409.3M |
| Total liabilities and equity | $713.6M | $684.6M | $687.1M | $648.0M |
| Line item | Sep 30, 2025 · FY | Sep 30, 2024 · FY | Sep 30, 2023 · FY | Sep 30, 2022 · FY |
|---|---|---|---|---|
| Net income | $38.7M | $53.1M | $127.8M | $77.5M |
| Depreciation and amortization | $11.6M | $4.7M | $1.1M | $993.0K |
| Amortization of interest rate caps | $70.0K | — | — | — |
| Straight line office rent | ($291.0K) | ($380.0K) | ($345.0K) | ($352.0K) |
| Amortization expense related to other assets | $9.4M | $9.4M | $9.4M | $9.4M |
| Provision for credit losses | $190.0K | $602.0K | — | — |
| Provision (benefit) for deferred income taxes | $2.0M | $3.1M | ($1.1M) | $1.6M |
| Gain on sale of real estate | ($445.0K) | — | — | — |
| Change in fair value of Earnout liability | ($8.3M) | ($2.6M) | — | — |
| Operating expenses paid in The RMR Group Inc. common shares | 3.8M | 3.9M | 3.6M | 3.8M |
| Distributions from investments | $2.3M | $2.4M | $2.2M | $841.0K |
| Loss (gain) on investments | $5.1M | ($7.3M) | $0 | $0 |
| Due from related parties | $54.6M | ($14.4M) | ($6.6M) | ($18.7M) |
| Prepaid and other current assets | ($2.2M) | ($1.5M) | ($1.6M) | $649.0K |
| Reimbursable accounts payable and accrued expenses | ($46.9M) | $12.5M | ($2.3M) | $25.1M |
| Accounts payable and accrued expenses | $6.2M | ($2.3M) | $2.3M | $1.5M |
| Net cash provided by operating activities | $75.7M | $61.4M | $109.2M | $101.3M |
| Acquisition of MPC Partnership Holdings LLC, net of cash acquired | $0 | ($78.8M) | — | — |
| Rental property acquisitions | ($166.0M) | — | — | — |
| Funding of loans held for investment | ($7.6M) | ($57.2M) | — | — |
| Repayment of loans held for investment | $3.0M | — | — | — |
| Purchase of property and equipment | ($3.6M) | ($3.9M) | ($4.0M) | ($1.1M) |
| Purchase of interest rate caps | ($1.9M) | — | — | — |
| Proceeds from deferred origination fees | $0 | $700.0K | — | — |
| Investment in residential fund | ($768.0K) | ($213.0K) | $0 | ($9.5M) |
| Investment in joint ventures | $11.1M | — | — | — |
| Proceeds from sale of property | $4.2M | — | — | — |
| Net cash (used in) provided by investing activities | ($183.9M) | ($209.8M) | $49.5M | ($10.6M) |
| Proceeds from secured financing facility | $5.6M | $41.7M | — | — |
| Repayments of secured financing facility | ($2.2M) | — | — | — |
| Proceeds from mortgage notes payable | $93.2M | $46.5M | — | — |
| Payment of deferred financing fees | ($2.7M) | ($2.0M) | — | — |
| Distributions to noncontrolling interests | ($31.0M) | ($32.2M) | ($50.1M) | ($32.9M) |
| Distributions to common shareholders | ($30.3M) | ($28.4M) | ($26.6M) | ($25.7M) |
| Member distributions upon sale of 260 Woodstock | ($409.0K) | — | — | — |
| Repurchase of common shares | -903.0K | -1.1M | -734.0K | -547.0K |
| Payments under the tax receivable agreement | ($2.4M) | ($2.4M) | ($2.4M) | ($2.2M) |
| Net cash provided by (used in) financing activities | $28.8M | $22.1M | ($79.8M) | ($61.4M) |
| Decrease in cash and cash equivalents | ($79.3M) | ($126.4M) | $78.9M | $29.3M |
| Cash and cash equivalents at beginning of period | $141.6M | $268.0M | $189.1M | $159.8M |
| Cash and cash equivalents at end of period | $62.3M | $141.6M | $268.0M | $189.1M |
| Income taxes paid | $5.7M | $9.1M | $21.2M | $9.6M |
| Interest paid | $6.4M | $371.0K | — | — |
| Recognition of right of use assets and related lease liabilities | $1.9M | $3.6M | $5.1M | $1.3M |
| Recognition of Earnout liability | $0 | $14.5M | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · YTD | Dec 31, 2025 · Q1 | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $36.3M | $28.9M | $26.8M | $31.1M |
| Depreciation and amortization | $13.5M | $9.1M | $4.7M | $7.8M |
| Amortization expense related to other assets | $6.9M | $4.7M | $2.4M | $7.1M |
| (Reversal of) provision for deferred income taxes | ($720.0K) | $749.0K | $634.0K | $1.5M |
| Loss on impairment of other assets | $19.1M | — | — | — |
| Gain on sale of real estate | $0 | $0 | — | ($445.0K) |
| Change in fair value of Earnout liability | ($3.6M) | ($3.6M) | ($3.6M) | ($5.8M) |
| Operating expenses paid in The RMR Group Inc. common shares | 2.9M | 1.9M | 649.0K | 2.5M |
| Distributions from investments | $3.5M | $1.8M | $478.0K | $1.8M |
| (Gain) loss on investments | ($17.4M) | $4.0M | $1.7M | $2.0M |
| Other, net | $563.0K | — | — | — |
| Due from related parties | ($4.3M) | ($6.3M) | ($32.1M) | $45.6M |
| Prepaid and other current assets | ($949.0K) | ($490.0K) | $824.0K | ($6.0M) |
| Reimbursable accounts payable and accrued expenses | $5.3M | $8.2M | $7.4M | ($43.8M) |
| Accounts payable and accrued expenses | $21.9M | $10.4M | $924.0K | $17.2M |
| Net cash provided by operating activities | $82.9M | $59.6M | $10.7M | $60.1M |
| Rental property acquisitions | $0 | — | — | ($21.5M) |
| Proceeds from sale of loan investments | $61.7M | $61.7M | $61.7M | — |
| Additional funding of loan investments | $0 | $0 | $0 | ($7.4M) |
| Purchase of property and equipment | ($4.8M) | ($3.8M) | ($1.1M) | ($2.6M) |
| Investment in residential fund | ($75.8M) | ($25.8M) | ($24.8M) | ($768.0K) |
| Investment in joint ventures | ($6.4M) | $0 | — | ($11.1M) |
| Proceeds from sale of property | $0 | $0 | — | $4.2M |
| Net cash used in investing activities | ($25.3M) | $32.1M | $35.9M | ($39.2M) |
| Proceeds from secured financing facility | $0 | — | — | $5.6M |
| Repayments of secured financing facility | ($45.1M) | ($45.1M) | ($45.1M) | — |
| Borrowings on revolving credit facility | $50.0M | — | — | — |
| Repayments of revolving credit facility | ($25.0M) | — | — | — |
| Proceeds from mortgage notes payable | $1.8M | $57.0K | — | — |
| Payment of deferred financing fees | $0 | $0 | $0 | ($172.0K) |
| Distributions to noncontrolling interests | ($20.4M) | ($13.6M) | ($6.8M) | ($23.3M) |
| Distributions to common shareholders | ($23.0M) | ($15.4M) | ($7.7M) | ($22.8M) |
| Capital contributions from noncontrolling interests | $139.0K | $139.0K | — | — |
| Member distributions upon sale of 260 Woodstock | $0 | $0 | — | ($409.0K) |
| Repurchase of common shares | -108.0K | -81.0K | -35.0K | -163.0K |
| Net cash used in financing activities | ($61.7M) | ($73.9M) | ($59.6M) | ($41.2M) |
| Decrease in cash and cash equivalents | ($4.1M) | $17.8M | ($13.0M) | ($20.3M) |
| Cash and cash equivalents at beginning of period | $62.3M | $62.3M | $62.3M | $141.6M |
| Cash and cash equivalents at end of period | $58.2M | $80.1M | $49.3M | $121.3M |
| Income taxes paid | $4.0M | $2.4M | $1.0M | $4.2M |
| Interest paid | $7.1M | $4.6M | $3.1M | $4.5M |
| Recognition of right of use assets and related lease liabilities | $567.0K | $452.0K | $0 | $1.4M |
| Property and equipment accrued, not paid | $30.0K | $93.0K | $252.0K | $160.0K |
RMR Group Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.