Filing Flows › RMR Group (RMR) › Q2 FY26 › vs Q2 FY25
RMR Group (RMR) Q2 FY26 vs Q2 FY25 (year over year)
RMR Group's revenue fell $21.0M (-13%) from $167M in Q2 FY25 to $146M in Q2 FY26. The biggest changes: Other revenues −$17.6M (-15%); Management services −$3.7M (-8%); Advisory services +$245K (+22%). Operating margin 4.8% against 4.5% (+0.3 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 Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Operating margin | 4.8% | 4.5% | +0.3 pts |
| Net margin | 0.7% | 2.2% | -1.5 pts |
| Free cash flow margin | 31.7% | 7.4% | +24.3 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Management services | $40.7M | $44.4M | −$3.7M | -8% |
| Advisory services | $1.3M | $1.1M | $245K | +22% |
| Other revenues | $104M | $121M | −$17.6M | -15% |
| Revenue | $146M | $167M | −$21.0M | -13% |
| Operating profit | $7.0M | $7.6M | −$519K | -7% |
| Costs & expenses | $139M | $159M | −$20.5M | -13% |
| Pre-tax earnings | $2.6M | $9.1M | −$6.4M | -71% |
| Other expense, net | $4.4M | −$1.5M | $5.9M | — |
| General & admin | $10.7M | $11.2M | −$498K | -4% |
| Other operating costs | $128M | $148M | −$20.0M | -14% |
| Net earnings | $1.0M | $3.6M | −$2.6M | -72% |
| Minority interests | $1.1M | $4.1M | −$3.0M | -74% |
| Income tax | $589K | $1.4M | −$789K | -57% |
| Depreciation & amortization | $4.4M | $2.5M | $2.0M | +81% |
| Share-based compensation | $3.0M | $1.6M | $1.4M | +88% |
| Working capital & other | $40.3M | $5.3M | $35.1M | +663% |
| Operating cash flow | $48.8M | $13.0M | $35.9M | +277% |
| Free cash flow (OCF − capex) | $46.1M | $12.3M | $33.8M | +275% |
| Capital expenditures | $2.7M | $662K | $2.1M | +311% |
Questions
How much did RMR Group's revenue grow year over year in Q2 FY26?
RMR Group's revenue fell $21.0M (-13%) from $167M in Q2 FY25 to $146M in Q2 FY26.
What drove RMR Group's revenue change in Q2 FY26?
Other revenues −$17.6M (-15%); Management services −$3.7M (-8%); Advisory services +$245K (+22%).