Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Sep. 30, 2024
Assets
Prepaid and other current assets	$ 13,731	$ 9,789
Loans held for investment, net of allowance for credit losses of $63	36,963	0
Assets held for sale	0	8,700
Total current assets	192,694	294,118
Loans held for investment, net of allowance for credit losses of $526 and $343, respectively	24,021	56,221
Property and equipment, net of accumulated depreciation of $7,980 and $3,447, respectively	228,655	76,433
Investments	31,900	23,733
Goodwill	71,761	71,761
Intangible assets, net of accumulated amortization of $9,074 and $3,719, respectively	26,136	20,299
Operating lease right of use assets	22,876	27,353
Deferred tax asset	13,181	15,163
Other assets, net of accumulated amortization of $97,156 and $87,740, respectively	96,647	106,063
Total assets	718,245	700,494
Liabilities, Current [Abstract]
Reimbursable accounts payable and accrued expenses	43,553	90,444
Accounts payable and accrued expenses	38,701	31,599
Current portion of Earnout liability	3,639	517
Operating lease liabilities	5,603	5,906
Current portion of secured financing facility, net	26,326	0
Liabilities held for sale	0	4,973
Total current liabilities	117,822	133,439
Operating lease liabilities, net of current portion	17,682	22,147
Amounts due pursuant to tax receivable agreement, net of current portion	15,926	18,442
Employer compensation liability, net of current portion	10,374	9,350
Earnout liability, net of current portion	0	11,441
Secured financing facility, net of current portion	18,260	41,109
Mortgage notes payable, net	136,168	45,149
Total liabilities	316,232	281,077
Commitments and contingencies
Equity:
Additional paid in capital	121,706	118,811
Retained earnings	453,822	436,226
Cumulative other comprehensive loss	(62)	0
Cumulative common distributions	(347,842)	(317,495)
Total shareholders’ equity	227,656	237,574
Noncontrolling interest in The RMR Group LLC	172,253	181,439
Noncontrolling interest in other consolidated entities	2,104	404
Total noncontrolling interests	174,357	181,843
Total equity	402,013	419,417
Total liabilities and equity	718,245	700,494
Parent Company
Assets
Cash and cash equivalents	19,478	23,189
RMR LLC
Assets
Cash and cash equivalents	42,819	118,410
Class A
Equity:
Common stock	16	16
Class B-1 common shares
Equity:
Common stock	1	1
Class B-2 common shares
Equity:
Common stock	15	15
Related Party
Assets
Due from related parties	79,703	134,030
Due from related parties, net of current portion	$ 10,374	$ 9,350