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)

9/30/2023
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments200,965189,088159,835369,663358,448256,848
Cash and cash equivalents200,965189,088159,835369,663358,448256,848
Receivables 120,069108,82188,66182,60593,52128,846
Other undisclosed current assets5,7505,3726,0213,87712,88810,392
Total current assets:326,784303,281254,517456,145464,857296,086
Noncurrent Assets
Operating lease, right-of-use asset30,25928,89432,29334,663 
Property, plant and equipment3,7692,4952,2182,2992,3832,589
Long-term investments and receivables 18,20914,55753,80715,23115,89615,234
Due from related parties18,20914,55714,3317,7649,2388,183
Long-term investments   39,4767,4676,6587,051
Intangible assets, net (including goodwill)2,0502,0572,0942,1362,1822,234
Goodwill 1,8591,8591,8591,8591,859
Intangible assets, net (excluding goodwill) 198235277323375
Other undisclosed intangible assets, net (including goodwill) 2,050     
Deferred income tax assets17,55217,11218,67123,900 
Other noncurrent assets122,541124,895134,311143,727153,143162,559
Other undisclosed noncurrent assets43,37349,114 12,15229,41125,726
Total noncurrent assets:237,753239,124243,394234,108203,015208,342
TOTAL ASSETS:564,537542,405497,911690,253667,872504,428
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,90816,74515,02716,98498,02928,307
Employee-related liabilities6,0764,298  
Accrued liabilities6,908     
Other undisclosed accounts payable and accrued liabilities 16,7458,95112,68698,02928,307
Other liabilities87,21380,22155,11556,079  
Other undisclosed current liabilities32,84312,20910,9988,705  
Total current liabilities:126,964109,17581,14081,76898,02928,307
Noncurrent Liabilities
Long-term debt and lease obligation:  25,62629,14832,030  
Liabilities, other than long-term debt44,97314,55714,3317,76410,8589,412
Deferred compensation liability, classified18,20914,55714,3317,7649,2388,183
Deferred rent credit     1,6201,229
Operating lease, liability26,76425,62629,14832,030 
Other undisclosed noncurrent liabilities23,30823,30825,57727,78929,95032,048
Total noncurrent liabilities:68,28163,49169,05667,58340,80841,460
Total liabilities:195,245172,666150,196149,351138,83769,767
Equity
Equity, attributable to parent, including:206,910206,621195,120295,919288,654232,762
Additional paid in capital113,730113,136109,910106,622103,36099,239
Accumulated other comprehensive income      82
Retained earnings362,286355,949321,945286,249257,457182,877
Other undisclosed equity, attributable to parent(269,106)(262,464)(236,735)(96,952)(72,163)(49,436)
Equity, attributable to noncontrolling interest162,382163,118152,595244,983240,381201,899
Total equity:369,292369,739347,715540,902529,035434,661
TOTAL LIABILITIES AND EQUITY:564,537542,405497,911690,253667,872504,428

Income Statement (P&L) ($ in thousands)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues901,675832,503607,238589,505713,368404,979
Revenue from related parties901,629832,404606,771588,640712,740403,257
Gross profit:901,675832,503607,238589,505713,368404,979
Operating expenses(813,131)(744,134)(535,146)(520,767)(515,580)(153,010)
Operating income:88,54488,36972,09268,738197,788251,969
Nonoperating income
(Investment Income, Nonoperating)
   2,059   
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    9,147(1,424)24,897
Income from continuing operations before equity method investments, income taxes:88,54488,36974,15177,885196,364276,866
Income (loss) from equity method investments   4431,545 (578)
Other undisclosed income (loss) from continuing operations before income taxes(2,465)2,33219,571   
Income from continuing operations before income taxes:86,07990,70194,16579,430196,364276,288
Income tax expense(12,663)(13,233)(13,152)(11,552)(27,320)(58,862)
Income from continuing operations:73,41677,46881,01367,878169,044217,426
Income before gain (loss) on sale of properties:59,17677,46881,01367,878169,044217,426
Other undisclosed net loss    (1,545)  
Net income:73,41677,46881,01366,333169,044217,426
Net loss attributable to noncontrolling interest(41,117)(43,464)(45,317)(37,541)(94,464)(121,385)
Net income attributable to parent:32,29934,00435,69628,79274,58096,041
Undistributed earnings (loss) allocated to participating securities, basic(331)(329)(309)(209)(482)(564)
Net income available to common stockholders, diluted:31,96833,67535,38728,58374,09895,477

Comprehensive Income ($ in thousands)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income:73,41677,46881,01366,333169,044217,426
Other comprehensive loss     (14)(3)
Comprehensive income:73,41677,46881,01366,333169,030217,423
Comprehensive loss, net of tax, attributable to noncontrolling interest(41,117)(43,464)(45,317)(37,541)(94,457)(121,384)
Comprehensive income, net of tax, attributable to parent:32,29934,00435,69628,79274,57396,039

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.

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