Filing Flows › RMR Group (RMR) › Q1 FY26
RMR Group (RMR) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 4, 2026
RMR Group (RMR) reported revenue of $180M for the first quarter fiscal 2026 (Q1 FY26), -18% from a year earlier and +13% from the quarter before. Operating margin was 17.8%, net earnings $12.2M (6.8% of revenue).
RMR Group, Q1 FY26: revenue $180M (-18% year over year), operating margin 17.8%, net earnings $12.2M, operating cash flow $10.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $180M | +13% | -18% |
| Operating profit | $32.1M | +195% | +140% |
| Net earnings | $12.2M | +257% | +91% |
| Operating cash flow | $10.7M | -31% | -57% |
| Free cash flow | $9.7M | -33% | -59% |
What changed
Revenue was $180.4M in Q1 FY26, down 18% year over year and up 13% from the previous quarter. Management services was the largest line at 23% of revenue. Management services lost $4.3M year over year (down 9%), 11% of the total change.
Operating profit was $32.1M, a 17.8% margin (up 11.7 points year over year). Total costs fell 28% while revenue fell 18%. Net earnings were $12.2M, up 91% year over year. The effective tax rate was 14.8%.
Operating cash flow was $10.7M (down 57% year over year), 40% of net income including minority interests. Non-cash charges added back $4.7M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $22.7M. Capital expenditures of $1.1M left free cash flow of $9.7M.
Questions
What was RMR Group's revenue in the first quarter fiscal 2026?
RMR Group (RMR) reported revenue of $180M for the first quarter fiscal 2026 (Q1 FY26), -18% from a year earlier and +13% from the quarter before.
Was RMR Group profitable in the first quarter fiscal 2026?
Operating profit was $32.1M (17.8% of revenue) and net earnings $12.2M.
Source: RMR Group 10-Q on SEC EDGAR.