RMR Group, Inc. (The) (RMR)

NASDAQReal EstateReal Estate - ServicesSnapshot 2026-10-23

$17.48-1.69%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge RMR Group, Inc. (The)’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	194.9M
EPS	—	0.18
Annual ending 2027-09-30
Revenue	—	664.55M
EPS	—	0.73
Annual ending 2028-09-30
Revenue	—	644.61M
EPS	—	1.52

Management figures unavailable.

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Earnings per share near $0.28 in 2025-Q2	Earnings remain stable near $0.28 per share.	Intact	EPS falls below $0.28 in 2025-Q2	Diluted EPS: $0.18 per share FY2026-Q3; GAAP. Published target: >= $0.28 per share. The stored target says 2025-Q2; this source reports FY2026-Q3. Fiscal/calendar alignment needs review. Source published Aug 5, 20260.18 USD/share · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q3 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 94d470c1-b007-4a9a-8bd2-1b7c51ab9ac3. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Newly stated in 2026-Q2. Management expressed expectations that positive platform outcomes will improve earnings. However, net income declined from $12.2M in 2026-Q1 to $1.0M in 2026-Q2, indicating limited progress on this priority so far. Delivery assessment Oct 24, 2026
Operating cash flow stays positive near $48.8M in 2026-Q2	RMR manages cash well with $48.8M operating cash flow in 2026-Q2.	Intact	Operating cash flow falls below $48.8M in 2026-Q2	Cash from operations: $28.704M FY2026-Q3; GAAP. Published target: >= $48.8M. The stored target says 2026-Q2; this source reports FY2026-Q3. Fiscal/calendar alignment needs review. Source published Aug 5, 202628,704,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q3 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q3. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 6 of last 6 quarters. Cash from operating activities showed variability, ranging from $10.7M in 2026-Q1 to $48.8M in 2026-Q2, with no clear trend but generally positive cash flow. Management continues to emphasize effective cash flow management, with delivery showing mixed but generally positive results. Delivery assessment Oct 24, 2026
Revenue stays near $145.6M in 2026-Q2	A primary condition in RMR Group, Inc. (The)'s published investment case. The stated target is >= $145.6M.	Intact	Revenue falls below $145.6M in 2026-Q2	Revenue: $153.514M FY2026-Q3; GAAP. Published target: >= $145.6M. The stored target says 2026-Q2; this source reports FY2026-Q3. Fiscal/calendar alignment needs review. Source published Aug 5, 2026153,514,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q3 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 94d470c1-b007-4a9a-8bd2-1b7c51ab9ac3. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Newly stated in 2026-Q2. Management expressed expectations that positive platform outcomes will improve earnings. However, net income declined from $12.2M in 2026-Q1 to $1.0M in 2026-Q2, indicating limited progress on this priority so far. Delivery assessment Oct 24, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2028 · fiscal year ending 2028-09-30 · fmp

FY2028 EPS: comparable history unavailable.

FY2028 revenue: comparable history unavailable.

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2028 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-10-11	Unavailable	Unavailable	1 / 1
2026-10-12	Unavailable	Unavailable	1 / 1
2026-10-13	Unavailable	Unavailable	1 / 1
2026-10-14	Unavailable	Unavailable	1 / 1
2026-10-15	Unavailable	Unavailable	1 / 1
2026-10-16	Unavailable	Unavailable	1 / 1
2026-10-17	Unavailable	Unavailable	1 / 1
2026-10-18	Unavailable	Unavailable	1 / 1
2026-10-19	Unavailable	Unavailable	1 / 1
2026-10-20	Unavailable	Unavailable	1 / 1
2026-10-21	Unavailable	Unavailable	1 / 1
2026-10-22	Unavailable	Unavailable	1 / 1
2026-10-23	Unavailable	Unavailable	1 / 1
2026-10-24	Unavailable	Unavailable	1 / 1

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	2	2
2026-06-01	2	1
2026-07-01	2	1
2026-08-01	2	1
2026-09-01	2	1
2026-10-01	3	1

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 3 Buy / Strong Buy · 1 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

Maxim GroupOct 9

$26.00New observation · no comparable prior

$0$14.30$28.60

0 raises · 0 cuts · 0 unchanged · 1 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Earnings per share near $0.28 in 2025-Q2Diluted EPS: $0.18 per share
Operating cash flow stays positive near $48.8M in 2026-Q2Cash from operations: $28.704M
Revenue stays near $145.6M in 2026-Q2Revenue: $153.514M

Next proof point

Nov 12, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.8%Typical daily move · historical

Downside history

-18.9%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

RMR Group, Inc. (The) outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

RMR is a smaller-cap real estate services business with a growth angle in private capital and a sector-sensitive backdrop. The long-term thesis is in a watch state: fundraising progress is steady, while recent results have been weaker than the industry cohort.

What's priced into RMR Group, Inc. (The)

The evidence labels RMR cheap, but its valuation is still at a premium to peers, and the expectations gap is negative. Valuation has fallen recently; the market pricing is tagged as justified, with low signs of fragility.

What the fundamentals likely do

Near term, consecutive earnings misses and declining, variable income levels make profitability less predictable. Management is making progress on private-capital fundraising, but AI-related margin gains lack clear numerical evidence. The sector backdrop is a headwind, and another guidance cut would add pressure to the operating outlook.

What RMR Group, Inc. (The) hinges on

Over the next several quarters, the thesis depends on private-capital assets under management continuing to expand and profitability stabilizing. Fed rate cuts or stronger results and guidance from sector bellwethers could support the sector backdrop. Further earnings misses or a guidance cut would weaken the case.

Bottom line

For a 1-to-3-year view, RMR has a credible fundraising initiative but an uneven earnings record and a sector headwind. The long-term thesis remains watchful until profitability steadies and growth priorities show clearer results. Not investment advice.

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.