Filing Flows › RMR Group (RMR) › Q2 FY26 › vs Q1 FY26
RMR Group (RMR) Q2 FY26 vs Q1 FY26 (quarter over quarter)
RMR Group's revenue fell $34.8M (-19%) from $180M in Q1 FY26 to $146M in Q2 FY26. The biggest changes: Other revenues −$33.7M (-25%); Management services −$1.2M (-3%); Advisory services +$172K (+15%). Operating margin 4.8% against 17.8% (-12.9 pts).
RMR Group, Q2 FY26: revenue $146M (-13% year over year), operating margin 4.8%, net earnings $1.0M, operating cash flow $48.8M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Operating margin | 4.8% | 17.8% | -12.9 pts |
| Net margin | 0.7% | 6.8% | -6.1 pts |
| Free cash flow margin | 31.7% | 5.4% | +26.3 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Management services | $40.7M | $41.9M | −$1.2M | -3% |
| Advisory services | $1.3M | $1.2M | $172K | +15% |
| Other revenues | $104M | $137M | −$33.7M | -25% |
| Revenue | $146M | $180M | −$34.8M | -19% |
| Operating profit | $7.0M | $32.1M | −$25.0M | -78% |
| Costs & expenses | $139M | $148M | −$9.8M | -7% |
| Pre-tax earnings | $2.6M | $31.5M | −$28.9M | -92% |
| Other expense, net | $4.4M | $586K | $3.8M | +650% |
| General & admin | $10.7M | $9.9M | $800K | +8% |
| Other operating costs | $128M | $138M | −$10.6M | -8% |
| Net earnings | $1.0M | $12.2M | −$11.2M | -92% |
| Minority interests | $1.1M | $14.6M | −$13.6M | -93% |
| Income tax | $589K | $4.7M | −$4.1M | -87% |
| Depreciation & amortization | $4.4M | $4.7M | −$239K | -5% |
| Share-based compensation | $3.0M | $2.0M | $1.1M | +55% |
| Working capital & other | $40.3M | −$8.1M | $48.4M | — |
| Operating cash flow | $48.8M | $10.7M | $38.1M | +354% |
| Free cash flow (OCF − capex) | $46.1M | $9.7M | $36.4M | +376% |
| Capital expenditures | $2.7M | $1.1M | $1.7M | +158% |
Questions
How much did RMR Group's revenue grow quarter over quarter in Q2 FY26?
RMR Group's revenue fell $34.8M (-19%) from $180M in Q1 FY26 to $146M in Q2 FY26.
What drove RMR Group's revenue change in Q2 FY26?
Other revenues −$33.7M (-25%); Management services −$1.2M (-3%); Advisory services +$172K (+15%).