Filing Flows › RMR Group (RMR) › Q2 FY26
RMR Group (RMR) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 6, 2026
RMR Group (RMR) reported revenue of $146M for the second quarter fiscal 2026 (Q2 FY26), -13% from a year earlier and -19% from the quarter before. Operating margin was 4.8%, net earnings $1.0M (0.7% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $146M | -19% | -13% |
| Operating profit | $7.0M | -78% | -7% |
| Net earnings | $1.0M | -92% | -72% |
| Operating cash flow | $48.8M | +354% | +277% |
| Free cash flow | $46.1M | +376% | +275% |
What changed
Revenue was $145.6M in Q2 FY26, down 13% year over year and down 19% from the previous quarter. Management services was the largest line at 28% of revenue. Management services lost $3.7M year over year (down 8%), 18% of the total change.
Operating profit was $7.0M, a 4.8% margin (up 0.3 points year over year). Total costs fell 13% while revenue fell 13%. Net earnings were $1.0M, down 72% year over year. The effective tax rate was 22.2%.
Operating cash flow was $48.8M (up 277% year over year), 2371% of net income including minority interests. Non-cash charges added back $4.4M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $39.3M. Capital expenditures of $2.7M left free cash flow of $46.1M.
Questions
What was RMR Group's revenue in the second quarter fiscal 2026?
RMR Group (RMR) reported revenue of $146M for the second quarter fiscal 2026 (Q2 FY26), -13% from a year earlier and -19% from the quarter before.
Was RMR Group profitable in the second quarter fiscal 2026?
Operating profit was $7.0M (4.8% of revenue) and net earnings $1.0M.
Source: RMR Group 10-Q on SEC EDGAR.