Filing Flows › RMR Group (RMR) › Q3 FY26
RMR Group (RMR) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 5, 2026
RMR Group (RMR) reported revenue of $154M for the third quarter fiscal 2026 (Q3 FY26), -0.8% from a year earlier and +5% from the quarter before. Operating margin was -6.0%, net earnings $7.4M (4.8% of revenue).
RMR Group, Q3 FY26: revenue $154M (-0.8% year over year), operating margin -6.0%, net earnings $7.4M, operating cash flow $23.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $154M | +5% | -0.8% |
| Operating profit | −$9.3M | -232% | -193% |
| Net earnings | $7.4M | +634% | +76% |
| Operating cash flow | $23.4M | -52% | +6% |
| Free cash flow | $22.3M | -52% | +3% |
What changed
Revenue was $153.5M in Q3 FY26, down 1% year over year and up 5% from the previous quarter. Management services was the largest line at 29% of revenue. Incentive fees lost $139K year over year (down 61%), 11% of the total change.
Operating costs exceeded revenue by $9.3M, an operating margin of -6.0%. Total costs grew 12% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $3.2M, down 24% year over year. The effective tax rate was 20.4%. Non-operating items added $18.6M, 200% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $23.4M (up 6% year over year), 316% of net income including minority interests. Non-cash charges added back $4.4M of depreciation and amortization and $5.6M of share-based compensation. Working capital and other items added $5.9M. Capital expenditures of $1.1M left free cash flow of $22.3M.
Questions
What was RMR Group's revenue in the third quarter fiscal 2026?
RMR Group (RMR) reported revenue of $154M for the third quarter fiscal 2026 (Q3 FY26), -0.8% from a year earlier and +5% from the quarter before.
Was RMR Group profitable in the third quarter fiscal 2026?
Operating loss was $9.3M (-6.0% of revenue) and net earnings $7.4M.
Source: RMR Group 10-Q on SEC EDGAR.