RMR Group (RMR) FY2025 results: revenue $700 million, down 22.0% on the year
RMR Group Inc. (RMR) reported revenue of $700 million for fiscal 2025, the year ended 30 September 2025, down 22.0% on the year before. Net income was $18 million, down 23.9%, and diluted earnings per share $1.03. The figures are the company's own, from the 10-K it filed with the SEC on 12 November 2025.
Revenue
$700 million
-22.0% on the year
FY2018FY2025
Operating margin
6.0%
5.0% a year earlier
FY2018FY2025
Net income
$18 million
-23.9% on the year
FY2018FY2025
Diluted EPS
$1.03
-25.4% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Fiscal fourth quarter 2025 results released: The company announced results for the fiscal fourth quarter 2025, covering the quarter ended September 30, 2025.
Assets under management about $39 billion: Assets under management are given as approximately $39 billion in the company description.
Prior release gave about $40 billion: The previous quarter's release gave assets under management as approximately $40 billion, so this release's figure is lower.
About 900 professionals across 30 offices: The company describes nearly 900 real estate professionals working in more than 30 offices nationwide.
Live listen-only webcast offered: A live audio webcast of the conference call will be available in listen-only mode on the company's website.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
75.7
61.4
109
+23.4%
Capital expenditure
3.6
3.9
4.0
-5.6%
Free cash flow
72.1
57.5
105
+25.4%
Free cash flow margin
10.3%
6.4%
10.9%
Cash from investing
-184
-210
49.5
Cash from financing
28.8
22.1
-79.8
+30.5%
Depreciation and amortisation
11.6
4.7
1.1
+145.1%
Share-based compensation
9.7
10.6
12.5
-9.0%
Buybacks
0.9
1.1
0.7
-20.5%
Dividends paid
30.3
28.4
26.6
+6.8%
Diluted shares, weighted
17m
17m
16m
+0.7%
Shares outstanding at period end
n/a
15m
15m
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
228
238
240
-4.2%
Non-controlling interest
174
182
184
-4.1%
Redeemable equity
172
181
184
-5.1%
Debt
181
86.3
0.0
+109.6%
Operating lease liabilities
17.7
22.1
25.0
-20.2%
Total liabilities and equity
718
700
582
+2.5%
Fixed assets
229
76.4
5.4
+199.2%
Goodwill
71.8
71.8
1.9
0.0%
Intangible assets
26.1
20.3
0.2
+28.8%
Cash and equivalents
62.3
142
268
-56.0%
Other assets
329
390
307
-15.6%
Total assets
718
700
582
+2.5%
10-K for the year ended 30 September 2025, filed 12 November 2025: the filing.