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RMR Group Inc. (RMR) stock

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NASDAQ: RMR Nasdaq Research & Consulting Services Next results ~November 12, 2026

B Fundamentals grade

RMR Group Inc. is a US-listed company in the research & consulting services industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$22

Valuation models combined (3)

Base case. Range ~$20–$24. Weighted average of 3 models (price-to-earnings vs peers, residual income, justified price-to-book), the price-to-earnings vs peers counting double.

Price vs value

Undervalued

The price is below our entire value range; our base value is 32% above it.

Price used: $17.00, November 2, 2026

RMR Group Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 0 selling1 purchase and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds78 adding, 53 cuttingOf 18 active managers that changed their stake, 8 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter RMR Group files

Where RMR stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $639m, down 15.2% on a year earlier, a smaller fall than the 20.4% decline a quarter earlier. That puts it 19 of 19 for growth among the research & consulting services companies we cover. Free-cash-flow margin rose to 14.5% from 6.7% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 1 of our 3 financial-health checks.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 12, 2026 (estimated)

RMR Group Inc.'s trailing-twelve-month revenue fell 15.2% year on year, with a free-cash-flow margin of 14.5%. Where it stands out: change in growth rate of +5.2pp ranks 3 of 33 research & consulting services companies we cover. Where it lags: revenue growth of -15.2% ranks 29 of 33 research & consulting services companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 83.1% while net income grew 1.5%: a 82pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $17.00 is 32% below our value per share of $22.
  • Shrinking share count. Diluted shares fell 11.7% in a year, so each share owns more of the business.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 53.8% over 90 days.

Things to watch

  • Results due soon. Results are expected around 11 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 15.2% over the last 12 months.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results: FY2026 Q3

Filed August 5, 2026
Earnings per share
$0.15 against an average estimate of $0.16: missed by 6.2%
Revenue
$154m, down 0.8% on a year earlier
Share reaction
-1.0% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Next report
November 12, 2026; average EPS estimate $0.18

RMR Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.0%
  • 1 week-2.0%
  • 1 month-1.7%
  • This year+26.4%
  • 1 year+21.7%
  • 5 years-26.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$639M
Operating margin
6.4%
Net margin
3.1%
EPS (TTM, diluted)
$1.18

Growth

Revenue growth
−15.2%
Change in growth rate
+5.2 pts

Cash

Free cash flow (TTM)
$92.7M
FCF margin
14.5%
Stock pay % of revenue
2.6%

Earnings

Last results
August 5, 2026
Next results (est.)
November 11, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

RMR Group Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$22
Price used
$16.80close November 3, 2026
Implied change
▲ +34%
Uncertainty
Low

How we got here: the combined value of 3 valuation models built for a business like RMR Group Inc. (see the models table below and how they are combined) , with a 8.4% cost of equity. The models span ~$20–~$24; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value RMR Group Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.77 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$24 ~$23–$34 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$20 ~$16–$25 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$22 ~$20–$25 Included
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — Does not apply: earnings are positive: price-to-earnings is the better measure
Cash-flow model (DCF) Free cash flow after stock pay, grown then faded to 2.5%, discounted at 8.5%. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$22 ~$20–$24 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare RMR Group Inc. with Research & Consulting Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$18.38$25.45$46.67$23.42$14.76$22.14$16.49$18.15$20.15$13.78$17.00
Market value$294m$408m$752m$378m$230m$346m$258m$298m$333m$229m$285m
+ Net debt (− = net cash)−$66m−$109m−$257m−$358m−$370m−$160m−$189m−$268m−$100m−$18m−$58m
Enterprise value$228m$300m$495m$20m−$139m$186m$69m$30m$233m$212m$226m
Multiples
Price / sales 1.1x1.5x1.9x0.5x0.4x0.6x0.3x0.3x0.4x0.3x0.4x
Price / earnings 7.9x9.7x7.8x5.1x8.0x9.7x7.6x5.2x14.4x13.0x14.4x
Price / free cash flow 3.0x3.3x3.3x1.9x3.0x4.9x2.6x2.8x5.8x3.2x3.1x
EV / EBITDA 1.5x2.2x2.0x0.1xn/m2.6x0.8x0.3x4.7x4.0x3.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

45 /100

Moderate moat

How hard RMR Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 7 / 20

    Net income has been a median 5.6% of total assets over 10 years.

  • Durability 9 / 20

    Operating margin has been a median 11.9%; its worst year was 5.4%.

  • Cash conversion 17 / 20

    Free cash flow was positive in 10 of 10 years, at a median 13.1% of revenue.

  • Discipline 15 / 20

    The diluted share count rose 4.0% over five years; stock-based pay has been a median 1.4% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (60 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 12, 2026, after the close. Analysts expect revenue of $154m and EPS of $0.18 (range $0.17 to $0.20) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.63 −44% $634m −10%
Next $1.20 +91% $665m +5%

Next year's EPS estimate has moved +53.8% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −3.1% on 90 days ago. In the last 30 days, 0 analysts raised RMR Group Inc.'s forecast and 1 cut it.

Consensus EPS forecast RMR Group Inc., last 90 days
$0.60 $0.80 $1.00 $1.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.65 Current fiscal year, 60 days ago: $0.65 Current fiscal year, 30 days ago: $0.63 Current fiscal year, 7 days ago: $0.63 Current fiscal year, Now: $0.63 $0.63 Next fiscal year, 90 days ago: $0.78 Next fiscal year, 60 days ago: $0.77 Next fiscal year, 30 days ago: $0.77 Next fiscal year, 7 days ago: $0.73 Next fiscal year, Now: $1.20 $1.20

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.65$0.78
60 days ago $0.65$0.77
30 days ago $0.63$0.77
7 days ago $0.63$0.73
Now $0.63$1.20

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.16 $0.15 −6.2%
Mar 2026 $0.14 $0.11 −21.4%
Dec 2025 $0.18 $0.20 +8.1%
Sept 2025 $0.22 $0.22 0.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

4 analysts, Oct 2026
Buy375%
Hold125%
Sell00%

Monthly trend

  1. Oct 20261214
  2. Sep 2026213
  3. Aug 2026213

Counts of recommendations published by analysts covering RMR Group Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.6%
of tradable shares
Days to cover
10.63
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
83%
of shares
Held by insiders
4.7%
of shares
Employees
900
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +21.7%

$13.97 on October 31, 2025 to $17.00

ThenNowEffect
Revenue (last 12 months) $753m $639m −15.2%
Net margin 2.6% 3.1% +19.6%
P/E multiple 11.9x 14.4x +20.9%
Share count 17m 17m −0.8%

Biggest factor: p/e multiple.

Last 3 years −5.0%

$17.89 on November 3, 2023 to $17.00

ThenNowEffect
Revenue (last 12 months) $982m $639m −34.9%
Net margin 6.3% 3.1% −50.5%
P/E multiple 4.6x 14.4x +210.6%
Share count 16m 17m −5.1%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
RMR+10%−14%+7%−22%−19%+26%
Industry peers (median)+38%−22%+13%+2%−15%−3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
RMR50%42%50%17%42%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
RMR−16%−33%−31%−24%−29%−18%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since December 14, 2015: 76% from September 10, 2018 to May 7, 2025. Getting back needed a 313% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$13.44 – $20.39
From 52-week high
−16.6%
vs 50-day average
−5.9%
vs 200-day average
−2.9%
Volatility (1 year)
26%
Beta vs S&P 500
0.32

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±3.2%
After a week
5 up, 7 down
typical move ±4.3%
After a month
7 up, 5 down
typical move ±5.4%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −1.0% −0.4% +3.8% +2.2%
May 6, 2026 −0.6% +1.1% −0.6% +4.1%
February 4, 2026 +11.6% −1.7% +16.3% +13.2%
November 12, 2025 +0.8% −1.6% −4.4% +1.2%
August 5, 2025 +1.7% +0.3% +2.7% +4.2%
May 6, 2025 −4.0% −0.4% +1.0% +4.0%
February 5, 2025 −0.3% +0.8% −3.2% −0.9%
November 12, 2024 −6.7% −0.3% −10.4% −10.3%
August 1, 2024 −3.4% −3.3% −6.0% −1.7%
May 7, 2024 −4.3% +0.1% +0.2% −3.3%
February 7, 2024 +2.7% +0.9% −1.8% −7.1%
November 15, 2023 −1.8% +0.3% −1.3% +12.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How RMR Group Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

RMR Group Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) RMR Group Inc.
$600M $700M $800M $900M $1B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $962.3M Revenue (TTM), FY24 Q1: $973.3M Revenue (TTM), FY24 Q2: $982.8M Revenue (TTM), FY24 Q3: $908.2M Revenue (TTM), FY24 Q4: $897.6M Revenue (TTM), FY25 Q1: $855.4M Revenue (TTM), FY25 Q2: $804.1M Revenue (TTM), FY25 Q3: $753.2M Revenue (TTM), FY25 Q4: $700.3M Revenue (TTM), FY26 Q1: $661.2M Revenue (TTM), FY26 Q2: $640.2M Revenue (TTM), FY26 Q3: $639M $639M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $962.3M
FY24 Q1 $973.3M
FY24 Q2 $982.8M
FY24 Q3 $908.2M
FY24 Q4 $897.6M
FY25 Q1 $855.4M
FY25 Q2 $804.1M
FY25 Q3 $753.2M
FY25 Q4 $700.3M
FY26 Q1 $661.2M
FY26 Q2 $640.2M
FY26 Q3 $639M
Revenue growth, TTM YoY RMR Group Inc.
-30% -20% -10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 15.6% Revenue growth, TTM YoY, FY24 Q1: 7.9% Revenue growth, TTM YoY, FY24 Q2: 7.7% Revenue growth, TTM YoY, FY24 Q3: -7.5% Revenue growth, TTM YoY, FY24 Q4: -6.7% Revenue growth, TTM YoY, FY25 Q1: -12.1% Revenue growth, TTM YoY, FY25 Q2: -18.2% Revenue growth, TTM YoY, FY25 Q3: -17.1% Revenue growth, TTM YoY, FY25 Q4: -22.0% Revenue growth, TTM YoY, FY26 Q1: -22.7% Revenue growth, TTM YoY, FY26 Q2: -20.4% Revenue growth, TTM YoY, FY26 Q3: -15.2% -15.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 15.6%
FY24 Q1 7.9%
FY24 Q2 7.7%
FY24 Q3 -7.5%
FY24 Q4 -6.7%
FY25 Q1 -12.1%
FY25 Q2 -18.2%
FY25 Q3 -17.1%
FY25 Q4 -22.0%
FY26 Q1 -22.7%
FY26 Q2 -20.4%
FY26 Q3 -15.2%
Operating margin (TTM) RMR Group Inc.
4% 6% 8% 10% 12% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 11.8% Operating margin (TTM), FY24 Q1: 10.7% Operating margin (TTM), FY24 Q2: 10.0% Operating margin (TTM), FY24 Q3: 5.5% Operating margin (TTM), FY24 Q4: 5.0% Operating margin (TTM), FY25 Q1: 5.6% Operating margin (TTM), FY25 Q2: 5.4% Operating margin (TTM), FY25 Q3: 5.4% Operating margin (TTM), FY25 Q4: 6.0% Operating margin (TTM), FY26 Q1: 9.1% Operating margin (TTM), FY26 Q2: 9.4% Operating margin (TTM), FY26 Q3: 6.4% 6.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 11.8%
FY24 Q1 10.7%
FY24 Q2 10.0%
FY24 Q3 5.5%
FY24 Q4 5.0%
FY25 Q1 5.6%
FY25 Q2 5.4%
FY25 Q3 5.4%
FY25 Q4 6.0%
FY26 Q1 9.1%
FY26 Q2 9.4%
FY26 Q3 6.4%
FCF margin (TTM) RMR Group Inc.
5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 10.9% FCF margin (TTM), FY24 Q1: 11.0% FCF margin (TTM), FY24 Q2: 10.0% FCF margin (TTM), FY24 Q3: 6.5% FCF margin (TTM), FY24 Q4: 6.4% FCF margin (TTM), FY25 Q1: 6.1% FCF margin (TTM), FY25 Q2: 7.5% FCF margin (TTM), FY25 Q3: 6.7% FCF margin (TTM), FY25 Q4: 10.3% FCF margin (TTM), FY26 Q1: 8.8% FCF margin (TTM), FY26 Q2: 14.4% FCF margin (TTM), FY26 Q3: 14.5% 14.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 10.9%
FY24 Q1 11.0%
FY24 Q2 10.0%
FY24 Q3 6.5%
FY24 Q4 6.4%
FY25 Q1 6.1%
FY25 Q2 7.5%
FY25 Q3 6.7%
FY25 Q4 10.3%
FY26 Q1 8.8%
FY26 Q2 14.4%
FY26 Q3 14.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar RMR Group took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $700M
  2. Selling, general and admin $42.5M · 6.1%
  3. Other operating costs $616M · 88.0%
  4. Operating income $41.8M · 6.0%
  5. Income tax $7.7M · 1.1%
  6. Interest and other $16.5M · 2.4%
  7. Net income $17.6M · 2.5%

Shares of revenue. Source: RMR Group's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2014 Sept 2014 2015 Sept 2015 2016 Sept 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 285 193 267 272 405 713 590 607 833 962 898 700 639
EBITDA 17 83 148 138 253 199 70 73 89 115 50 53 58
Operating income 14 81 147 136 252 198 69 72 88 114 45 42 41
Net income 10 7 37 42 96 75 29 36 34 57 23 18 20
Diluted EPS — $0.46 $2.33 $2.63 $5.92 $4.59 $3.50 $4.30 $4.08 $3.44 $1.38 $1.03 $1.18
Growth (year on year)
Revenue — −32.3% +38.4% +1.8% +49.0% +76.1% −17.4% +3.0% +37.1% +15.6% −6.7% −22.0% −15.2%
EBITDA — +389.6% +79.2% −7.3% +84.0% −21.5% −64.9% +4.8% +22.3% +28.5% −56.7% +7.3% +14.8%
Operating income — +457.7% +81.8% −7.6% +85.9% −21.5% −65.2% +4.9% +22.6% +28.7% −60.5% −7.1% −0.5%
Net income — −29.0% +409.9% +13.6% +127.1% −22.3% −61.4% +24.0% −4.7% +68.1% −59.5% −23.9% +1.5%
Diluted EPS — — +406.5% +12.9% +125.1% −22.5% −23.7% +22.9% −5.1% −15.7% −59.9% −25.4% —
Margins
EBITDA margin 5.9% 42.9% 55.6% 50.6% 62.5% 27.9% 11.8% 12.0% 10.7% 11.9% 5.5% 7.6% 9.1%
Operating margin 5.1% 41.8% 55.0% 49.9% 62.2% 27.7% 11.7% 11.9% 10.6% 11.8% 5.0% 6.0% 6.4%
Net margin 3.6% 3.8% 14.0% 15.6% 23.7% 10.5% 4.9% 5.9% 4.1% 5.9% 2.6% 2.5% 3.1%
Free-cash-flow margin 10.6% 52.2% 37.0% 46.0% 56.3% 27.7% 13.0% 11.6% 12.0% 10.9% 6.4% 10.3% 14.5%
Cash flow
Cash from operations 32 102 100 126 228 198 77 72 101 109 61 76 99
Capital spending 1 1 1 1 1 1 1 1 1 4 4 4 6
Free cash flow 30 101 99 125 228 198 77 71 100 105 58 72 93
Stock-based pay 11 6 9 7 10 9 8 12 10 12 11 10 16
Free cash flow after stock pay 19 95 90 118 217 188 69 59 90 93 47 62 76
Balance sheet
Cash 142 34 66 109 257 358 370 160 189 268 142 62 58
Total debt 0 0 0 0 0 0 0 0 0 0 41 45 0
Net debt (negative = net cash) −142 −34 −66 −109 −257 −358 −370 −160 −189 −268 −100 −18 −58
Diluted shares — 16m 16m 16m 16m 16m 16m 16m 16m 16m 17m 17m 17m
Returned to shareholders
Dividends 0 0 17 16 16 23 25 140 26 27 28 30 31
Buybacks 0 0 0 0 1 1 1 1 1 1 1 1 1
Total returned 0 0 17 16 17 24 25 141 26 27 30 31 31

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 3 checks passed · June 30, 2026
What it owns · $714m
Short-term assets $153mLonger-term assets $560m
What it owes, and who funded it · $539m
Short-term liabilities $110mLonger-term liabilities $205mShareholders' equity $224m
  • Short-term assets cover short-term liabilities $153m of assets due within a year against $110m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $153m short-term assets against $205m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $41m against $10m of interest.

From RMR Group Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$848,000
Dividends (TTM)
$30.6M
Returned to shareholders
34%
of free cash flow
Buybacks, last 3 fiscal years
$2.8M
Total shareholder yield
11.0%
dividends 10.7% + buybacks 0.3% of market value
Dividend payout ratio
155%
of net income paid out

Competitors: side by side with peers

Closest by revenue in research & consulting services
Last 12 months unless stated RMR EXPO WLDN MG ONT BWMN Median
Revenue, last 12 months $639m $632m $742m $748m $773m $528m $632m
Revenue growth, last 12 months −15.2% 12.8% 18.1% 4.6% −0.9% 14.2% 4.8%
Revenue growth, 3-year average −13.3% 5.7% 17.6% 2.7% 11.3% 19.9% 6.8%
Revenue growth, latest quarter −0.8% 20.9% 33.2% 4.6% −20.4% 19.7% 4.4%
Gross margin — — 37.8% 28.7% 40.4% 53.4% 43.9%
Operating margin 6.4% 20.2% 7.1% 6.1% 1.0% 3.4% 6.1%
Operating margin, 3-year average 5.8% 20.9% 6.0% 5.2% −1.8% 1.6% 6.0%
Net margin 3.1% 17.7% 8.8% 2.8% −1.4% 1.4% 3.1%
Cash from operations / revenue 15.4% 18.7% 9.6% 8.2% 9.6% 4.4% 9.6%
Free-cash-flow margin 14.5% 17.2% 8.4% 4.5% 6.7% 2.4% 7.4%
Free-cash-flow margin, 3-year average 9.2% 21.8% 8.6% 2.6% 4.1% 4.4% 8.6%
Stock pay / revenue 2.6% 3.0% 2.0% 1.0% 4.8% 3.6% 2.5%
Change in share count −11.7% −2.7% 4.9% 4.3% 18.8% −0.3% 0.5%

Median of all 33 companies we cover in research & consulting services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

33 research & consulting services companies
Measure Company Peer median Rank
Revenue growth Growth -15.2% 4.8% 29 of 33
Change in growth rate Growth +5.2pp +0.6pp 3 of 33
Operating margin Profitability 6.4% 6.1% 15 of 31
Net margin Profitability 3.1% 3.1% 17 of 33
Free-cash-flow margin Cash generation 14.5% 7.4% 6 of 33
Stock pay as % of revenue Cash generation 2.6% 2.6% 16 of 30
Long-term debt as % of assets Balance sheet 6.2% 22.7% 3 of 21

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to September 30, 2025
Products and services
Line of business Revenue YoY
Management Service $178M ▼ 5.6%
Investment Advisory Management and Administrative Service $4.5M ▼ 0.7%
Management Service Incentive $653,000 ▼ 46.2%

These categories overlap or exclude eliminations, so shares aren't shown.

From RMR Group Inc.'s 10-K filed November 12, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$289M
Institutions reporting
164
Shares held vs prior quarter
▲ 11.0%
Positions opened / closed
17 / 20

Top buyers and sellers, Q2 2026: 78 institutions bought and 53 sold ; the biggest buyer was Nantahala Capital Management, LLC (+1.1M shares) and the biggest seller Morgan Stanley (−175K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Nantahala Capital Management, LLC $47.1M 2.3M 16.3% ▲ 100.0%
Blackrock, Inc. $30.5M 1.5M 10.5% ▲ 9.8%
Vanguard Portfolio Management LLC $18M 875K 6.2% ▲ 1.5%
Flat Footed LLC $17.7M 862K 6.1% ▲ 7.3%
Bank Of America Corp $17.6M 860K 6.1% ▼ 8.7%
Morgan Stanley $15.7M 762K 5.4% ▼ 18.6%
Vanguard Capital Management LLC $14.2M 694K 4.9% ▲ 3.2%
Federated Hermes, Inc. $11M 536K 3.8% ▲ 1.6%
Geode Capital Management, LLC $9.9M 481K 3.4% ▲ 2.7%
Renaissance Technologies LLC $8.6M 419K 3.0% ▼ 4.8%
State Street Corp $8.3M 406K 2.9% ▲ 1.3%
Hotchkis & Wiley Capital Management LLC $8M 390K 2.8% ▲ 15.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not RMR Group Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $17.4M 1 trade by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $17.4M net buying
Insider Date Trade Shares Price Value
Tremont Realty Capital Llc 10% owner December 11, 2025 Buy 2,015,748 $8.65 $17.4M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 11, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 4, 2026
  • November 12, 2025
  • August 5, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on RMR Group Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

RMR Group Inc. in brief

What does RMR Group Inc. do?
RMR Group Inc. is a US-listed company in the research & consulting services industry. Its financial year ends in September.
What is RMR Group Inc.'s stock ticker?
RMR Group Inc. trades under the ticker RMR on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is RMR Group Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, RMR Group Inc. reported revenue of $639M, 15.2% lower than a year earlier, according to its SEC filings.
What is RMR Group Inc.'s free cash flow?
RMR Group Inc.'s free-cash-flow margin is 14.5% of revenue over the trailing twelve months, ranking 6 of the 33 research & consulting services companies we cover.
Who are RMR Group Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Nantahala Capital Management, LLC, Blackrock, Inc. and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is RMR Group Inc.'s market cap?
On November 2, 2026, RMR Group Inc.'s market capitalisation was about $285M, with a price-to-earnings ratio of 14.4 and net debt of -$58.2M. Market figures come from third-party market data and may be delayed.
Does RMR Group Inc. pay a dividend?
Yes: RMR Group Inc. paid $30.6M in dividends over the trailing twelve months, a dividend yield of 10.73% and a payout ratio of 154.7%.
Who are RMR Group Inc.'s competitors?
In our Research & Consulting Services peer group, the companies closest to RMR Group Inc. are Exponent Inc, Willdan Group, Inc., Mistras Group, Inc., Onterris, Inc. and Bowman Consulting Group Ltd. The side-by-side comparison below sets their revenue, margins and growth against RMR Group Inc.'s.
Are insiders buying or selling RMR Group Inc. stock?
Over the last 12 months, RMR Group Inc.'s directors and officers reported 1 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is RMR Group Inc.'s next earnings date?
Around November 12, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — RMR Group Inc. announces its own schedule.