The RMR Group Inc. (RMR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
TWO NEWTON PL., 255 WASH. ST., STE. 300 NEWTON, MA 02458 |
| State of Incorp. | MD |
| Fiscal Year End | September 30 |
| Industry (SIC) | 8742 - Management Consulting Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 MRQ | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 202,428 | 267,989 | 189,088 | 159,835 | 369,663 | 358,448 | |||
| Cash and cash equivalents | 202,428 | 267,989 | 189,088 | 159,835 | 369,663 | 358,448 | |||
| Receivables | 108,821 | 88,661 | 82,605 | 93,521 | |||||
| Other undisclosed current assets | 123,277 | 118,320 | 5,372 | 6,021 | 3,877 | 12,888 | |||
| Total current assets: | 325,705 | 386,309 | 303,281 | 254,517 | 456,145 | 464,857 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 30,464 | 29,032 | 28,894 | 32,293 | 34,663 | ||||
| Property, plant and equipment | 14,728 | 5,446 | 2,495 | 2,218 | 2,299 | 2,383 | |||
| Long-term investments and receivables | 22,102 | 14,557 | 53,807 | 15,231 | 15,896 | ||||
| Due from related parties | ✕ | ✕ | ✕ | 14,557 | 14,331 | 7,764 | 9,238 | ||
| Long-term investments | 22,102 | 39,476 | 7,467 | 6,658 | |||||
| Intangible assets, net (including goodwill) | 92,976 | 2,026 | 2,057 | 2,094 | 2,136 | 2,182 | |||
| Goodwill | 71,620 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |||
| Intangible assets, net (excluding goodwill) | 21,356 | 167 | 198 | 235 | 277 | 323 | |||
| Deferred income tax assets | 17,356 | 18,220 | 17,112 | 18,671 | 23,900 | ||||
| Other noncurrent assets | 113,125 | 115,479 | 124,895 | 134,311 | 143,727 | 153,143 | |||
| Other undisclosed noncurrent assets | 8,987 | 25,912 | 49,114 | 12,152 | 29,411 | ||||
| Total noncurrent assets: | 299,738 | 196,115 | 239,124 | 243,394 | 234,108 | 203,015 | |||
| TOTAL ASSETS: | 625,443 | 582,424 | 542,405 | 497,911 | 690,253 | 667,872 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 42,494 | 19,144 | 16,745 | 15,027 | 16,984 | 98,029 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 6,076 | 4,298 | |||
| Accrued liabilities | 3,434 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 42,494 | 15,710 | 16,745 | 8,951 | 12,686 | 98,029 | |||
| Other liabilities | 77,709 | 77,924 | 80,221 | 55,115 | 56,079 | ||||
| Other undisclosed current liabilities | 5,875 | 8,502 | 12,209 | 10,998 | 8,705 | ||||
| Total current liabilities: | 126,078 | 105,570 | 109,175 | 81,140 | 81,768 | 98,029 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 25,626 | 29,148 | 32,030 | ||||||
| Liabilities, other than long-term debt | 49,114 | 32,305 | 14,557 | 14,331 | 7,764 | 10,858 | |||
| Deferred compensation liability, classified | 7,261 | 14,557 | 14,331 | 7,764 | 9,238 | ||||
| Deferred rent credit | 1,620 | ||||||||
| Other liabilities | 23,534 | ||||||||
| Operating lease, liability | 25,580 | 25,044 | 25,626 | 29,148 | 32,030 | ||||
| Other undisclosed noncurrent liabilities | 25,616 | 20,886 | 23,308 | 25,577 | 27,789 | 29,950 | |||
| Total noncurrent liabilities: | 74,730 | 53,191 | 63,491 | 69,056 | 67,583 | 40,808 | |||
| Total liabilities: | 200,808 | 158,761 | 172,666 | 150,196 | 149,351 | 138,837 | |||
| Temporary equity, carrying amount | 183,226 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 240,967 | 240,066 | 206,621 | 195,120 | 295,919 | 288,654 | |||
| Additional paid in capital | 116,598 | 116,010 | 113,136 | 109,910 | 106,622 | 103,360 | |||
| Retained earnings | 420,093 | 413,096 | 355,949 | 321,945 | 286,249 | 257,457 | |||
| Other undisclosed equity, attributable to parent | (295,724) | (289,040) | (262,464) | (236,735) | (96,952) | (72,163) | |||
| Equity, attributable to noncontrolling interest | 183,668 | 183,597 | 163,118 | 152,595 | 244,983 | 240,381 | |||
| Total equity: | 424,635 | 423,663 | 369,739 | 347,715 | 540,902 | 529,035 | |||
| Other undisclosed liabilities and equity | (183,226) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 625,443 | 582,424 | 542,405 | 497,911 | 690,253 | 667,872 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 973,247 | 962,316 | 832,503 | 607,238 | 589,505 | 713,368 | ||
| Revenue from related parties | ✕ | ✕ | ✕ | 832,404 | 606,771 | 588,640 | 712,740 | |
| Gross profit: | 973,247 | 962,316 | 832,503 | 607,238 | 589,505 | 713,368 | ||
| Operating expenses | (869,180) | (848,588) | (744,134) | (535,146) | (520,767) | (515,580) | ||
| Operating income: | 104,067 | 113,728 | 88,369 | 72,092 | 68,738 | 197,788 | ||
| Nonoperating income (Investment Income, Nonoperating) | 2,059 | |||||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 9,147 | (1,424) | ||||||
| Income from continuing operations before equity method investments, income taxes: | 104,067 | 113,728 | 88,369 | 74,151 | 77,885 | 196,364 | ||
| Income from equity method investments | 4,049 | 443 | 1,545 | |||||
| Other undisclosed income from continuing operations before income taxes | 42,863 | 35,811 | 2,332 | 19,571 | ||||
| Income from continuing operations before income taxes: | 150,979 | 149,539 | 90,701 | 94,165 | 79,430 | 196,364 | ||
| Income tax expense | (21,922) | (21,768) | (13,233) | (13,152) | (11,552) | (27,320) | ||
| Income from continuing operations: | 129,057 | 127,771 | 77,468 | 81,013 | 67,878 | 169,044 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 77,468 | 81,013 | 67,878 | 169,044 | |
| Other undisclosed net loss | (1,545) | |||||||
| Net income: | 129,057 | 127,771 | 77,468 | 81,013 | 66,333 | 169,044 | ||
| Net loss attributable to noncontrolling interest | (71,250) | (70,624) | (43,464) | (45,317) | (37,541) | (94,464) | ||
| Net income attributable to parent: | 57,807 | 57,147 | 34,004 | 35,696 | 28,792 | 74,580 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (648) | (651) | (329) | (309) | (209) | (482) | ||
| Net income available to common stockholders, diluted: | 57,159 | 56,496 | 33,675 | 35,387 | 28,583 | 74,098 | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 129,057 | 127,771 | 77,468 | 81,013 | 66,333 | 169,044 | ||
| Other comprehensive loss | (14) | |||||||
| Comprehensive income: | 129,057 | 127,771 | 77,468 | 81,013 | 66,333 | 169,030 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (62,721) | (70,624) | (43,464) | (45,317) | (37,541) | (94,457) | ||
| Comprehensive income, net of tax, attributable to parent: | 66,336 | 57,147 | 34,004 | 35,696 | 28,792 | 74,573 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.