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Side-by-side financial comparison of RMR GROUP INC. (RMR) and Upland Software, Inc. (UPLD). Click either name above to swap in a different company.

RMR GROUP INC. is the larger business by last-quarter revenue ($66.7M vs $49.3M, roughly 1.4× Upland Software, Inc.). On growth, RMR GROUP INC. posted the faster year-over-year revenue change (40.8% vs -27.5%).

RMR Group Inc. is a U.S.-headquartered alternative asset management firm specializing in real estate and real estate-related investments. It operates across commercial property, residential real estate, and infrastructure segments, serving institutional investors, high-net-worth individuals, and retail clients across key global markets.

Upland Software, Inc. is a global provider of cloud-based enterprise work management solutions. It offers products covering project portfolio management, customer engagement, IT service management, and financial automation, serving businesses of all sizes across North America, Europe, and Asia-Pacific in tech, healthcare, and professional services sectors.

RMR vs UPLD — Head-to-Head

Bigger by revenue
RMR
RMR
1.4× larger
RMR
$66.7M
$49.3M
UPLD
Growing faster (revenue YoY)
RMR
RMR
+68.3% gap
RMR
40.8%
-27.5%
UPLD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
RMR
RMR
UPLD
UPLD
Revenue
$66.7M
$49.3M
Net Profit
$12.2M
Gross Margin
76.5%
Operating Margin
48.1%
14.5%
Net Margin
18.3%
Revenue YoY
40.8%
-27.5%
Net Profit YoY
91.1%
EPS (diluted)
$0.71
$0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
RMR
RMR
UPLD
UPLD
Q4 25
$66.7M
$49.3M
Q3 25
$50.5M
Q2 25
$53.4M
Q1 25
$63.7M
Q4 24
$68.0M
Q3 24
$66.7M
Q2 24
$69.3M
Q1 24
$70.7M
Net Profit
RMR
RMR
UPLD
UPLD
Q4 25
$12.2M
Q3 25
$-1.1M
Q2 25
$-13.0M
Q1 25
$-25.8M
Q4 24
Q3 24
$-1.7M
Q2 24
$-11.4M
Q1 24
$-96.1M
Gross Margin
RMR
RMR
UPLD
UPLD
Q4 25
76.5%
Q3 25
76.9%
Q2 25
74.8%
Q1 25
71.6%
Q4 24
70.8%
Q3 24
70.5%
Q2 24
70.5%
Q1 24
70.2%
Operating Margin
RMR
RMR
UPLD
UPLD
Q4 25
48.1%
14.5%
Q3 25
10.6%
Q2 25
-13.2%
Q1 25
-1.7%
Q4 24
-2.9%
Q3 24
-5.0%
Q2 24
-7.7%
Q1 24
-129.6%
Net Margin
RMR
RMR
UPLD
UPLD
Q4 25
18.3%
Q3 25
-2.2%
Q2 25
-24.4%
Q1 25
-40.6%
Q4 24
Q3 24
-2.6%
Q2 24
-16.5%
Q1 24
-135.9%
EPS (diluted)
RMR
RMR
UPLD
UPLD
Q4 25
$0.71
$0.01
Q3 25
$-0.09
Q2 25
$-0.51
Q1 25
$-0.97
Q4 24
$-0.30
Q3 24
$-0.12
Q2 24
$-0.47
Q1 24
$-3.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
RMR
RMR
UPLD
UPLD
Cash + ST InvestmentsLiquidity on hand
$49.3M
$29.4M
Total DebtLower is stronger
$232.4M
Stockholders' EquityBook value
$232.7M
$-48.4M
Total Assets
$687.1M
$413.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RMR
RMR
UPLD
UPLD
Q4 25
$49.3M
$29.4M
Q3 25
$22.8M
Q2 25
$41.0M
Q1 25
$33.7M
Q4 24
$56.4M
Q3 24
$59.7M
Q2 24
$232.4M
Q1 24
$231.6M
Total Debt
RMR
RMR
UPLD
UPLD
Q4 25
$232.4M
Q3 25
Q2 25
Q1 25
Q4 24
$290.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
RMR
RMR
UPLD
UPLD
Q4 25
$232.7M
$-48.4M
Q3 25
$-47.3M
Q2 25
$-42.4M
Q1 25
$-37.8M
Q4 24
$-18.3M
Q3 24
$907.0K
Q2 24
$6.5M
Q1 24
$20.1M
Total Assets
RMR
RMR
UPLD
UPLD
Q4 25
$687.1M
$413.2M
Q3 25
$409.1M
Q2 25
$441.7M
Q1 25
$457.0M
Q4 24
$529.5M
Q3 24
$554.9M
Q2 24
$739.9M
Q1 24
$754.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
RMR
RMR
UPLD
UPLD
Operating Cash FlowLast quarter
$10.7M
$7.3M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
14.7%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
0.88×
TTM Free Cash FlowTrailing 4 quarters
$24.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RMR
RMR
UPLD
UPLD
Q4 25
$10.7M
$7.3M
Q3 25
$6.9M
Q2 25
$3.3M
Q1 25
$8.3M
Q4 24
$9.3M
Q3 24
$4.3M
Q2 24
$5.5M
Q1 24
$5.1M
Free Cash Flow
RMR
RMR
UPLD
UPLD
Q4 25
$7.2M
Q3 25
$6.7M
Q2 25
$2.7M
Q1 25
$7.9M
Q4 24
$9.0M
Q3 24
$4.2M
Q2 24
$5.2M
Q1 24
$4.9M
FCF Margin
RMR
RMR
UPLD
UPLD
Q4 25
14.7%
Q3 25
13.2%
Q2 25
5.0%
Q1 25
12.4%
Q4 24
13.3%
Q3 24
6.3%
Q2 24
7.5%
Q1 24
7.0%
Capex Intensity
RMR
RMR
UPLD
UPLD
Q4 25
0.2%
Q3 25
0.4%
Q2 25
1.2%
Q1 25
0.7%
Q4 24
0.5%
Q3 24
0.2%
Q2 24
0.4%
Q1 24
0.3%
Cash Conversion
RMR
RMR
UPLD
UPLD
Q4 25
0.88×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

RMR
RMR

Management Service Incentive$23.6M35%
Industrial Logistics Properties Trust$15.1M23%
Managed Private Real Estate Capital$11.1M17%
Office Properties Income Trust$5.6M8%
Other Private Entities$5.3M8%
RMR Residential$3.4M5%
Sonesta International Hotels Corporation$2.1M3%
Investment Advisory Management And Administrative Service$1.2M2%

UPLD
UPLD

Segment breakdown not available.

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