10-Q · February 4, 2026
RMR reported total revenues of $180,424,000 and net income attributable to The RMR Group Inc. of $12,190,000 (EPS $0.71) for the three months ended December 31, 2025. Revenue declined versus the year-ago quarter…
Earnings analysis · 10-Q
RMR earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
RMR Group Inc. reported Q2 2026 results with revenue of $166 million, slightly below estimates of $167.7 million, and earnings per share (EPS) of $0.15, matching expectations. Operating margins declined to 4.2% from…
Read full summary
RMR Group Inc. reported Q2 2026 results with revenue of $166 million, slightly below estimates of $167.7 million, and earnings per share (EPS) of $0.15, matching expectations. Operating margins declined to 4.2% from 6.1% in the previous quarter, while free cash flow dropped to $12 million compared to $24 million in Q1.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.15
- Operating margin
- 4.2%
What stood out
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Revenue Performance
Reported revenue was $166 million, slightly missing the $167.7 million estimate.
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EPS Meets Expectations
EPS for the quarter was reported at $0.15, aligning with estimates.
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Operating Margin Decline
Operating margin fell to 4.2%, down from 6.1% in the prior quarter.
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Free Cash Flow
Free cash flow decreased to $12 million, down from $24 million in Q1.
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Increased Cash Reserves
Cash and cash equivalents rose to $80.1 million as of March 31, 2026, compared to $62.3 million at the end of September 2025.
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DHC and ILPT Incentives
Incentive fees received from DHC and ILPT contributed positively to cash flows.
What to watch
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Declining Operating Income
Operating income decreased to $7.041 million, down from $7.56 million in the previous quarter.
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Revenue Impact from AlerisLife Wind Down
Revenue from management services decreased by $3.7 million due to the wind down of AlerisLife's business.
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Interest Expense Increases
Interest expense surged to $2.611 million from $0.871 million in the prior period.
Management's outlook
No numeric guidance provided for future periods.
Earlier filings 4
10-K · November 12, 2025
RMR positions itself as a vertically integrated real estate manager with $39.0 billion of assets under management as of September 30, 2025, and a strategy to expand management services and diversify client and capital…
10-Q · August 5, 2025
RMR reported Q3 total revenues of $154,728,000 (three months ended June 30, 2025), down versus $205,670,000 in the year-ago quarter, with operating income of $9,973,000 (operating margin ~6.44%). Net income attributable…
10-Q · May 6, 2025
RMR reported a material year-over-year decline in quarterly revenue to $166,668,000 (Q3 FY?) from $217,947,000 a year earlier, driven largely by a reduction in reimbursable activity. Operating income fell to $7,560,000…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.