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RMR Group cash flow, quarter by quarter

Latest: Q3 FY26 · from the cash-flow statements filed with the SEC

Free cash flow$22.3M in Q3 FY26 · $92.7M over twelve months

Operating cash flow$23.4M
Capital spending−$1.1M
Free cash flow+$22.3M
Cash / net income3.2×

Analysis

In Q3 FY26, RMR Group generated $23.4M of operating cash flow and spent $1.1M on capital projects, leaving free cash flow of $22.3M. That is $625K more than in Q3 FY25 ($21.7M).

Over the twelve months to Jun 30, 2026, operating cash flow was $98.6M; the largest uses were real estate bought ($144M), other financing ($55.2M), dividends ($30.6M); besides operations, cash came from net borrowing (+) / repaid (−) ($95.0M); the cash balance fell by $63.1M.

Operating cash flow was $23.4M against net income of $7.4M — 3.2× profit, cash ran ahead of reported earnings. The largest differences: impairments +$19.1M, payables +$11.5M, stock-based pay +$5.6M.

Free cash flow

RMR Group: free cash flow by quarterRMR Group: free cash flow by quarter−$6.9MQ4 FY24$23.6MQ1 FY25$12.3MQ2 FY25$21.7MQ3 FY25$14.6MQ4 FY25$9.7MQ1 FY26$46.1MQ2 FY26$22.3MQ3 FY26
Operating cash flow less capital spending.
RMR Group: operating cash flow against capital spendingRMR Group: operating cash flow against capital spendingOperating cash flowCapital spending−$5.7M$1.2MQ4 FY24$25.0M$1.5MQ1 FY25$13.0M$662KQ2 FY25$22.1M$443KQ3 FY25$15.6M$1.1MQ4 FY25$10.7M$1.1MQ1 FY26$48.8M$2.7MQ2 FY26$23.4M$1.1MQ3 FY26
Latest (Q3 FY26): Operating cash flow $23.4M, Capital spending $1.1M.

Capital allocation, year by year

RMR Group: where the cash came from (up) and went (down), by fiscal yearRMR Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY21: Operating cash flow $71.8MFY21: Capital spending −$1.1MFY21: Buybacks −$834KFY21: Dividends −$140M$71.8MFY21FY22: Operating cash flow $101MFY22: Capital spending −$1.1MFY22: Buybacks −$547KFY22: Dividends −$25.7M$101MFY22FY23: Operating cash flow $109MFY23: Capital spending −$4.0MFY23: Buybacks −$734KFY23: Dividends −$26.6M$109MFY23FY24: Operating cash flow $61.4MFY24: Net borrowing $41.7MFY24: Capital spending −$3.9MFY24: Acquisitions −$78.8MFY24: Buybacks −$1.1MFY24: Dividends −$28.4M$103MFY24FY25: Operating cash flow $75.7MFY25: Net borrowing $91.0MFY25: Asset sales $4.2MFY25: Capital spending −$3.6MFY25: Buybacks −$903KFY25: Dividends −$30.3M$171MFY25
Over these 5 years operating cash flow totalled $419M; the largest uses were dividends ($251M) and acquisitions ($78.8M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$58.2M
Debt$44.6M
Net cash$13.6M

RMR Group funds itself: free cash flow was $92.7M over the last twelve months, and $58.2M of cash and investments stands against $44.6M of debt.

Where the cash came from and went

RMR Group: sources (+) and uses (−) of cash, Q3 FY26RMR Group: sources (+) and uses (−) of cash, Q3 FY26Other investing−$56.4MOperating cash flow$23.4MCash drawn (+) / kept (−)$21.9MOther financing$18.2MDividends−$7.7MNet borrowing (+) / repaid (−)$1.7MCapital spending−$1.1MBuybacks−$27K
RMR Group: sources (+) and uses (−) of cash, TTM to Q3 FY26RMR Group: sources (+) and uses (−) of cash, TTM to Q3 FY26Real estate bought−$144MOperating cash flow$98.6MNet borrowing (+) / repaid (−)$95.0MCash drawn (+) / kept (−)$63.1MOther financing−$55.2MDividends−$30.6MOther investing−$19.6MCapital spending−$5.9MBuybacks−$848K

From profit to cash

RMR Group: net income to operating cash flow, Q3 FY26RMR Group: net income to operating cash flow, Q3 FY26Net income$7.4MDepreciation & amortization$4.4MStock-based pay$5.6MDeferred taxes−$1.5MImpairments$19.1MPayables$11.5MPrepaid and other assets−$459KOperating cash flow$23.4M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 FY26$23.4M−$1.1M−$27K−$7.7M$1.7M$21.9M$22.3M
Q2 FY26$48.8M−$2.7M−$46K−$7.7M—−$30.8M$46.1M
Q1 FY26$10.7M−$1.1M−$35K−$7.7M−$45.1M$13.0M$9.7M
Q4 FY25$15.6M−$1.1M−$740K−$7.6M$93.2M$59.0M$14.6M
Q3 FY25$22.1M−$443K−$134K−$7.6M—$15.9M$21.7M
Q2 FY25$13.0M−$662K−$23K−$7.6M—$10.4M$12.3M
Q1 FY25$25.0M−$1.5M−$6K−$7.6M—−$6.0M$23.6M
Q4 FY24−$5.7M−$1.2M−$986K−$7.5M—$66.4M−$6.9M

RMR Group: income statement and cash flow

RMR Group, Q3 FY26: revenue $154M (-0.8% year over year), operating margin -6.0%. The chart follows the revenue to costs, profit and cash.

RMR Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.