RMR GROUP INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data RMR GROUP INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	267	272	405	713	590	607	833	962	898	700
Cost of revenue	92	99.8
Gross profit	175	172
General and administrative	23.2	25.2	27.1	28.7	26.5	27	32.9	36	43.7	42.5
Operating expenses	120	136	153	516	521	535	744	849	853	659
Operating income	147	136	252	198	68.7	72.1	88.4	114	45	41.8
Interest expense							0	0	0.78	4.31
Interest income							0	0	1.4
Pre-tax income	147	137	276	196	77.9	94.2	90.7	150	64.4	46.4
Income tax	24.6	28.3	58.9	27.3	11.6	13.2	13.2	21.8	11.3	7.67
Net income to minority interests	85.1	66.4	121	94.5	37.5	45.3	43.5	70.6
Net income	37.2	42.3	96	74.6	28.8	35.7	34	57.1	23.1	17.6
EBITDA	148	138	253	199	69.7	73.1	89.4	115	49.7	53.3
EPS, basic	2.33	2.63	5.94	4.59	1.77	2.18	2.06	3.44	1.38	1.03
EPS, diluted	2.33	2.63	5.92	4.59	1.75	2.15	2.04	3.44	1.38	1.03
Shares, basic (weighted)	16	16	16.1	16.1	16.2	16.3	16.3	16.4	16.5	16.6
Shares, diluted (weighted)	16	16	16.1	16.1	31.2	31.3	31.3	16.4	16.5	16.6

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	65.8	109	257	358	370	160	189	268	142	62.3
Other current assets	4.69	7.09	10.4	5.85	3.88	6.02	5.37	7	9.79	13.7
Total current assets	95.4	141	296	458	456	255	303	386	294	193
Property, plant and equipment	3.8	3.28	2.59	2.38	2.3	2.22	2.5	5.45	76.4	229
Lease right-of-use assets				0	34.7	32.3	28.9	29	27.4	22.9
Goodwill	2.3	1.86	1.86	1.86	1.86	1.86	1.86	1.86	71.8	71.8
Intangible assets	1.09	0.46	0.38	0.32	0.28	0.24	0.2	0.17	20.3	26.1
Other non-current assets	181	172	163	153	144	134	125	115	106	96.6
Total assets	338	384	499	661	690	498	542	582	700	718
Accounts payable	20.6	26.4	28.3	20.3	17	15	16.7	22.6	31.6	38.7
Accrued liabilities				4.81	4.3	6.08	7.52	3.43
Total current liabilities	20.6	26.4	28.3	91	81.8	81.1	109	106	133	118
Lease liabilities					32	29.1	25.6	25	22.1	17.7
Other non-current liabilities								7.26
Total liabilities	91.1	94.1	69.8	132	149	150	173	159	281	316
Total debt								0		44.6
Paid-in capital	94.3	95.9	99.2	103	107	110	113	116	119	122
Retained earnings	44.5	86.8	183	257	286	322	356	413	436	454
Other comprehensive income	0.08	0.08	0.08	0					0	-0.06
Shareholders' equity	122	150	233	289	296	195	207	240	238	228
Minority interests	125	140	202	240	245	153	163	184	182	174
Total equity	246	290	435	529	541	348	370	424	419	402
Total liabilities and equity	338	384	504	661	690	498	542	582	700	718
Shares outstanding				15	15	15	15	15	15

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	122	109	217	169	66.3	81	77.5	128	53.1	38.7
Depreciation and amortization	1.77	2.04	1.25	1.02	0.97	0.97	0.99	1.1	4.71	11.6
Stock-based compensation	8.57	7.13	10.4	9.04	7.83	12	10.1	12.5	10.6	9.66
Deferred income tax	0.8	0.28	19.8	-0	1.83	5.23	1.56	-1.11	3.06	1.98
Change in receivables	0	0
Change in payables	-1.56	6.39	-0.48	2.44	-3.57	-1.72	1.55	2.29	-2.32	6.23
Cash from operations	99.7	126	228	198	77.5	71.8	101	109	61.4	75.7
Capital expenditures	-1.07	-0.83	-0.65	-0.7	-0.6	-1.14	-1.12	-3.98	-3.87
Acquisitions	-2.48	0	0				0	0	-78.8	0
Purchases of investments	0	0
Sales and maturities of investments	0	0
Cash from investing	-3.55	-12.8	-0.65	-14.7	-5.92	-1.14	-10.6	49.5	-210	-184
Stock issued	0	0
Share buybacks	-0.09	-0.36	-0.99	-0.83	-0.52	-0.83	-0.55	-0.73	-1.14	-0.9
Dividends paid	-17.2	-16.1	-16.2	-22.7	-24.8	-140	-25.7	-26.6	-28.4	-30.3
Cash from financing	-64.9	-70.3	-79.6	-81.8	-60.4	-280	-61.4	-79.8	22.1	28.8
Exchange rate effect	0.02	-0	-0.01	-0.09	0	0
Net change in cash	31.3	42.8	148	102	11.2	-210	29.3	78.9	-126	-79.3
Free cash flow	98.7	125	228	198	76.9	70.7	100	105	57.5
Interest paid	0						0	0	0.37	6.4
Income taxes paid	25.8	27.8	37.7	29.6	10.2	10	9.56	21.2	9.14	5.74

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $18.53 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	6.4%	Operating income / revenue.
EBITDA margin	9.1%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	8.3%	Pre-tax income / revenue.
Net margin	3.1%	Net income / revenue.
Operating cash flow margin	15.4%	Cash from operations / revenue.
Effective tax rate	17.4%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	8.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	2.8%	Net income / average total assets.
Return on invested capital (ROIC)	20.3%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	2.6%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	2.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-22.0%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-5.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	3.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-7.1%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-22.1%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-9.5%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	7.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-15.8%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-5.2%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-23.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-19.7%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-9.4%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-25.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-20.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-10.1%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	23.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-9.2%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-0.5%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-4.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	3.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-5.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	9.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	0.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-19.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-11.8%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.40x	Current assets / current liabilities.
Quick ratio	0.53x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.53x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	44.1%	Total liabilities / total assets.
Interest coverage	4.02x	Operating income / interest expense.
Working capital	$43.4M	Current assets - current liabilities.
Goodwill and intangibles / assets	12.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	$132.1M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.90x	Revenue / average total assets.
Fixed asset turnover	2.83x	Revenue / average property, plant and equipment.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.18	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$38.05	Revenue / diluted weighted shares.
Operating cash flow per share	$5.87	Cash from operations / diluted weighted shares.
Book value per share	$13.35	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$7.87	Tangible book value / shares outstanding.
Cash per share	$3.47	(Cash + short-term investments) / shares outstanding.
Payout ratio	154.7%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$594.4M	Share price x shares outstanding.
Enterprise value	$536.2M	Market cap + total debt - cash - short-term investments.
P/E	30.0x	Market cap / net income. Only when net income is positive.
P/S	0.93x	Market cap / revenue.
P/B	2.65x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	4.50x	Market cap / tangible book value, when positive.
P/OCF	6.03x	Market cap / cash from operations, when positive.
EV/Sales	0.84x	Enterprise value / revenue.
EV/EBIT	13.2x	Enterprise value / operating income, when both are positive.
EV/EBITDA	9.24x	Enterprise value / EBITDA, when both are positive.
Earnings yield	3.3%	Net income / market cap (the inverse of P/E).
Dividend yield	5.2%	Dividends paid over the period / market cap.
Shareholder yield	5.3%	(Dividends paid + share buybacks) / market cap.

What was RMR GROUP INC.'s revenue in fiscal 2025?

RMR GROUP INC. reported revenue of $700.3M for fiscal 2025, 22% lower than the year before.

Was RMR GROUP INC. profitable in fiscal 2025?

Yes. Net income was $17.6M, a net margin of 2.5%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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