Logo

RMR

The RMR Group Inc.

RMR

The RMR Group Inc. • NASDAQ
$15.25 ▼ -0.97% (-0.15)
Market Cap $486.01 M
52w High $22.60
52w Low $13.48
Dividend Yield 1.80%
P/E 14.81
Volume 56.53K
Outstanding Shares 31.87M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $154.728M ▼ $56.03M ▼ $4.186M ▲ 2.705% ▲ $0.25 ▲ $15.116M ▲
Q2-2025 $166.668M ▼ $61.364M ▲ $3.616M ▼ 2.17% ▼ $0.21 ▼ $12.4M ▼
Q1-2025 $219.476M ▲ $57.106M ▼ $6.38M ▲ 2.907% ▲ $0.38 ▲ $19.63M ▼
Q4-2024 $212.714M ▲ $66.979M ▲ $5.336M ▲ 2.509% ▲ $0.32 ▲ $20.284M ▲
Q3-2024 $205.67M $61.001M $4.935M 2.399% $0.29 $17.375M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $121.284M ▼ $648.018M ▼ $238.685M ▲ $231.337M ▼
Q2-2025 $137.186M ▼ $649.741M ▼ $234.816M ▼ $234.287M ▼
Q1-2025 $147.58M ▲ $692.732M ▼ $270.988M ▼ $236.923M ▼
Q4-2024 $141.599M ▼ $700.494M ▲ $281.077M ▲ $237.574M ▼
Q3-2024 $207.976M $602.298M $180.641M $239.407M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $9.295M ▲ $22.124M ▲ $-28.085M ▼ $-9.941M ▲ $-15.902M ▼ $21.681M ▲
Q2-2025 $7.694M ▼ $12.965M ▼ $-7.495M ▼ $-15.864M ▼ $-10.394M ▼ $12.303M ▼
Q1-2025 $14.108M ▲ $25.029M ▲ $-3.637M ▲ $-15.411M ▼ $5.981M ▲ $23.56M ▲
Q4-2024 $12.486M ▲ $-5.694M ▼ $-128.443M ▼ $67.76M ▲ $-66.377M ▼ $-6.935M ▼
Q3-2024 $4.859M $32.053M $-751K $-15.434M $15.868M $31.302M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Investment Advisory Management and Administrative Service
Investment Advisory Management and Administrative Service
 $0 ▲$0 ▲$0 ▲$0 ▲
Management Service
Management Service
 $50.00M ▲$40.00M ▼$40.00M ▲$40.00M ▲
Management Service Incentive
Management Service Incentive
 $0 ▲$0 ▲$0 ▲$0 ▲
Reimbursement Payroll Related And Other Costs
Reimbursement Payroll Related And Other Costs
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲
Reimbursements Other
Reimbursements Other
 $150.00M ▲$100.00M ▼$90.00M ▼$90.00M ▲
Reimbursement Client Company Equity Based Conpensation
Reimbursement Client Company Equity Based Conpensation
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement RMR looks like a steady, fee-based asset manager with moderate revenue growth over the last few years, but with profits coming under pressure more recently. Revenue is higher than a few years ago, yet it appears to have eased slightly from a recent peak, suggesting slower momentum. Profit margins improved for a time, then narrowed, and net income has trended down from earlier highs, which points to rising costs, mix shifts, or investment spending weighing on the bottom line. Overall, it’s a solid, service-driven income profile with decent scale but less earnings strength than in prior years.

Balance Sheet

Balance Sheet The balance sheet appears conservative and relatively simple, consistent with an asset-light management business. Total assets have grown gradually, while equity has held steady to slightly higher, indicating a stable capital base. Cash levels rose and then came down more recently, still remaining healthy but not as flush as the prior year. Debt has historically been low, with a recent uptick that is still modest, suggesting only limited financial leverage and generally contained balance sheet risk.

Cash Flow

Cash Flow Cash generation largely tracks earnings and has been positive and fairly consistent over time. Operating cash flow improved from earlier years but softened more recently, mirroring the pressure seen in net income. Because the business model requires very little capital spending, most operating cash effectively becomes free cash flow, which is a structural strength. This makes the cash profile resilient, though not immune to any prolonged decline in profitability or fees.

Competitive Edge

Competitive Edge RMR’s main advantage is its long-term management contracts with affiliated real estate vehicles, which create recurring, relatively predictable fee income and some insulation from short-term market swings. Its vertically integrated setup—combining asset management, property management, and shared corporate services—helps lock in clients and deepen relationships. The firm is diversified across several real estate segments and has been expanding in multifamily, giving it multiple growth avenues rather than relying on a single property type. Overall, the model offers stability and stickiness, though it remains exposed to the broader health and perception of commercial and residential real estate.

Innovation and R&D

Innovation and R&D RMR is not a classic research-heavy company, but it has leaned into technology and sustainability as key differentiators. Its connected building platform, data analytics tools, and property management systems aim to run buildings more efficiently, reduce energy use, and improve tenant experience. In residential, the use of smart-home features and digital resident services supports a more modern, tech-enabled offering. Its push into sustainability, with ambitious environmental targets and recognized achievements, also acts as a form of innovation that can lower costs and appeal to both tenants and capital providers.

Summary

RMR presents as a stable, fee-based real estate asset manager with a conservative balance sheet and solid, asset-light cash generation, but with earnings that have softened from prior peaks. Its competitive moat rests on long-dated management contracts, vertical integration, and diversification across property types, increasingly including multifamily. Technology and sustainability are central to its differentiation, helping it operate more efficiently and position its properties as higher quality, modern assets. The main watch points are whether recent profit compression is temporary or persistent, and how effectively the company converts its multifamily expansion and tech investments into stronger, more durable earnings over time.

NEWS

November 12, 2025 · 4:15 PM UTC

The RMR Group Inc. Announces Fiscal Fourth Quarter 2025 Results

Read more

October 15, 2025 · 4:15 PM UTC

The RMR Group Fiscal Fourth Quarter 2025 Conference Call Scheduled for Thursday, November 13th

Read more

October 9, 2025 · 8:00 AM UTC

The RMR Group Announces Quarterly Dividend on Common Shares

Read more

October 8, 2025 · 5:43 PM UTC

Discovery Senior Living Enters Management Agreements with Diversified Healthcare Trust, Deepens Industry Leadership Position Adding a 42 Community, Multi-State Portfolio

Read more

September 29, 2025 · 8:30 AM UTC

The RMR Group Announces Executive Leadership Promotions

Read more