RMR Group Inc. Files Q1 2025 10-Q Report

TL;DR

RMR Group filed their Q1 2025 10-Q. Financials are in.

AI Summary

RMR Group Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the first quarter of their fiscal year. Key financial details and operational updates for this period are detailed within the report.

Why It Matters

This filing provides investors with an update on RMR Group's financial performance and operational status for the first quarter of fiscal year 2025, crucial for understanding the company's trajectory.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently present new risks.

Key Players & Entities

• RMR Group Inc. (company) — Filer of the 10-Q report
• 2024-12-31 (date) — End of the reporting period
• 2025-02-05 (date) — Date the filing was made
• 0001644378 (company) — Central Index Key for RMR Group Inc.

FAQ

Key Financial Figures

• $0.001 — Which Registered Class A common stock, $0.001 par value per share RMR The Nasdaq Stoc

Filing Documents

• rmr-20241231.htm (10-Q) — 1292KB
• rmr_12312024xexhibitx102.htm (EX-10.2) — 94KB
• rmr_12312024xexhibitx311.htm (EX-31.1) — 10KB
• rmr_12312024xexhibitx312.htm (EX-31.2) — 10KB
• rmr_12312024xexhibitx321.htm (EX-32.1) — 6KB
• rmr_letterheadxcropa.jpg (GRAPHIC) — 10KB
• 0001644378-25-000015.txt ( ) — 7317KB
• rmr-20241231.xsd (EX-101.SCH) — 53KB
• rmr-20241231_cal.xml (EX-101.CAL) — 71KB
• rmr-20241231_def.xml (EX-101.DEF) — 335KB
• rmr-20241231_lab.xml (EX-101.LAB) — 537KB
• rmr-20241231_pre.xml (EX-101.PRE) — 433KB
• rmr-20241231_htm.xml (XML) — 1115KB

Financial Statements (unaudited)

Financial Statements (unaudited) Condensed Consolidated Balance Sheets — December 31, 2024 and September 30, 2024 3 Condensed Consolidated Statements of Income — Three Months Ended December 3 1 , 2024 and 2023 4 Condensed Consolidated Statements of Shareholders' Equity — Three Months Ended December 3 1 , 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows — Three Months Ended December 3 1 , 2024 and 2023 6 Notes to Unaudited Condensed Consolidated Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 30 Item 4.

Controls and Procedures

Controls and Procedures 31 Warning Concerning Forward-Looking Statements 31 PART II . Other Information Item 1A.

Risk Factors

Risk Factors 32 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 33 Item 5. Other Information 33 Item 6. Exhibits 33

Signatures

Signatures 35 2 Table of Contents

Financial Information

PART I. Financial Information

Financial Statements

Item 1. Financial Statements The RMR Group Inc. Condensed Consolidated Balance Sheets (dollars in thousands, except per share amounts) (unaudited) December 31, September 30, 2024 2024 Assets Cash and cash equivalents held by The RMR Group Inc. $ 24,398 $ 23,189 Cash and cash equivalents held by The RMR Group LLC 123,182 118,410 Due from related parties 121,440 134,030 Prepaid and other current assets 13,369 9,789 Assets held for sale 8,656 8,700 Total current assets 291,045 294,118 Loans held for investment, net of allowance for credit losses of $ 194 and $ 343 , respectively 57,887 56,221 Property and equipment, net of accumulated depreciation of $ 4,318 and $ 3,447 , respectively 76,757 76,433 Due from related parties, net of current portion 6,155 9,350 Investments 26,454 23,733 Goodwill 71,761 71,761 Intangible assets, net of accumulated amortization of $ 4,506 and $ 3,719 , respectively 19,168 20,299 Operating lease right of use assets 25,450 27,353 Deferred tax asset 14,346 15,163 Other assets, net of accumulated amortization of $ 90,094 and $ 87,740 , respectively 103,709 106,063 Total assets $ 692,732 $ 700,494 Liabilities and Equity Reimbursable accounts payable and accrued expenses $ 79,383 $ 90,444 Accounts payable and accrued expenses 41,324 31,599 Current portion of Earnout liability 1,501 517 Operating lease liabilities 5,658 5,906 Liabilities held for sale 4,880 4,973 Total current liabilities 132,746 133,439 Operating lease liabilities, net of current portion 20,352 22,147 Amounts due pursuant to tax receivable agreement, net of current portion 18,442 18,442 Employer compensation liability, net of current portion 6,155 9,350 Earnout liability, net of current portion 7,047 11,441 Secured financing facility, net 41,027 41,109 Mortgage note payable 45,219 45,149 Total liabilities 270,988 281,077 Commitments and contingencies Equity: Class A common stock, $ 0.001 par value; 31,950,000 shares authori

View Full Filing

View this 10-Q filing on SEC EDGAR