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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total management, incentive and advisory services revenues $ 44,068 $ 49,266 $ 136,965 $ 145,430
Income from loan investments, net 677 0 1,869 0
Rental property revenues 2,033 191 5,080 415
Total reimbursable costs 107,950 156,213 396,958 539,469
Total revenues 154,728 205,670 540,872 685,314
Expenses:        
Compensation and benefits 38,603 45,031 123,216 123,971
Equity based compensation 2,090 1,614 3,822 5,143
Separation costs 1,880 771 5,335 4,725
Total compensation and benefits expense 42,573 47,416 132,373 133,839
General and administrative 9,631 11,436 32,161 32,643
Other reimbursable expenses 87,977 132,339 333,882 473,569
Rental property expenses 748 79 1,569 157
Transaction and acquisition related costs 820 915 2,156 7,230
Depreciation and amortization 3,006 1,234 7,810 2,880
Total expenses 144,755 193,419 509,951 650,318
Operating income 9,973 12,251 30,921 34,996
Interest income 1,182 2,638 4,115 8,669
Interest expense (1,062) (80) (2,632) (171)
Change in fair value of Earnout liability 1,170 1,064 5,850 764
(Loss) gain on investments (215) 188 (1,995) 4,800
Gain on sale of real estate 0 0 445 0
Income before income tax expense 11,048 16,061 36,704 49,058
Income tax expense (1,753) (3,657) (5,607) (8,415)
Net income 9,295 12,404 31,097 40,643
Net income attributable to noncontrolling interest in The RMR Group LLC (5,200) (7,482) (17,259) (22,876)
Net loss attributable to other noncontrolling interests 91 13 344 27
Net income attributable to The RMR Group Inc. $ 4,186 $ 4,935 $ 14,182 $ 17,794
Weighted average common shares outstanding - basic (in shares) 16,660 16,542 16,630 16,522
Weighted average common shares outstanding - diluted (in shares) 16,660 16,542 31,633 16,522
Net income attributable to The RMR Group Inc. per common share - basic (in usd per share) $ 0.25 $ 0.29 $ 0.83 $ 1.06
Net income attributable to The RMR Group Inc. per common share - diluted (in usd per share) $ 0.25 $ 0.29 $ 0.82 $ 1.06
Management services        
Revenues:        
Total management, incentive and advisory services revenues $ 42,724 $ 47,769 $ 133,289 $ 141,323
Incentive fees        
Revenues:        
Total management, incentive and advisory services revenues 229 370 316 729
Advisory services        
Revenues:        
Total management, incentive and advisory services revenues 1,115 1,127 3,360 3,378
Reimbursable compensation and benefits        
Revenues:        
Total reimbursable costs 18,337 22,786 60,738 62,243
Reimbursable equity based compensation        
Revenues:        
Total reimbursable costs 1,636 1,088 2,338 3,657
Other reimbursable expenses        
Revenues:        
Total reimbursable costs $ 87,977 $ 132,339 $ 333,882 $ 473,569