2024 Q3 Form 10-K Financial Statement

#000164437824000042 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 2023 Q3
Revenue $212.7M $897.6M $222.9M
YoY Change -4.57% -6.72% -7.97%
Cost Of Revenue $135.1M $608.7M $158.9M
YoY Change -14.97% -7.27% -7.46%
Gross Profit $77.60M $288.9M $64.00M
YoY Change 21.24% -5.55% -9.21%
Gross Profit Margin 36.48% 32.19% 28.71%
Selling, General & Admin $63.52M $225.2M $45.90M
YoY Change 38.38% 21.79% -4.52%
% of Gross Profit 81.86% 77.94% 71.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.833M $4.713M $300.0K
YoY Change 511.0% 327.68% 14.5%
% of Gross Profit 2.36% 1.63% 0.47%
Operating Expenses $65.35M $852.6M $46.20M
YoY Change 41.45% 0.48% -4.42%
Operating Profit $12.25M $44.98M $17.80M
YoY Change -31.2% -60.45% -19.65%
Interest Expense $3.411M $16.88M $5.500M
YoY Change -37.98% -52.85% -48.99%
% of Operating Profit 27.85% 37.53% 30.9%
Other Income/Expense, Net $1.825M $2.589M
YoY Change
Pretax Income $15.39M $64.45M $20.20M
YoY Change -23.81% -56.9% -37.09%
Income Tax $2.904M $11.32M $3.200M
% Of Pretax Income 18.87% 17.56% 15.84%
Net Earnings $5.248M $23.13M $7.600M
YoY Change -30.95% -59.53% -36.67%
Net Earnings / Revenue 2.47% 2.58% 3.41%
Basic Earnings Per Share $1.38
Diluted Earnings Per Share $0.32 $1.38 $0.46
COMMON SHARES
Basic Shares Outstanding 16.53M shares
Diluted Shares Outstanding 16.53M shares

Balance Sheet

Concept 2024 Q3 2024 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $141.6M $141.6M $268.0M
YoY Change -47.16% -47.16% 41.73%
Cash & Equivalents $141.6M $141.6M $268.0M
Short-Term Investments
Other Short-Term Assets $18.49M $18.49M $7.000M
YoY Change 164.13% 164.13% 30.31%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $294.1M $294.1M $386.3M
YoY Change -23.86% -23.86% 27.38%
LONG-TERM ASSETS
Property, Plant & Equipment $76.43M $103.8M $5.446M
YoY Change 1303.47% 200.83% 118.28%
Goodwill $71.76M $1.859M
YoY Change 3760.19% 0.0%
Intangibles
YoY Change
Long-Term Investments $23.73M $23.73M $18.65M
YoY Change 27.25% 26.91% -62.03%
Other Assets $106.1M $121.2M $115.5M
YoY Change -8.15% -9.33% -7.54%
Total Long-Term Assets $406.4M $406.4M $196.1M
YoY Change 107.21% 107.23% -17.99%
TOTAL ASSETS
Total Short-Term Assets $294.1M $294.1M $386.3M
Total Long-Term Assets $406.4M $406.4M $196.1M
Total Assets $700.5M $700.5M $582.4M
YoY Change 20.27% 20.28% 7.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.60M $31.60M $19.10M
YoY Change 65.44% 65.44% 14.06%
Accrued Expenses $5.906M $5.906M $8.500M
YoY Change -30.52% -30.52% -30.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $133.4M $133.4M $105.6M
YoY Change 26.4% 26.36% -3.3%
LONG-TERM LIABILITIES
Long-Term Debt $86.26M $86.26M $0.00
YoY Change
Other Long-Term Liabilities $61.38M $61.38M $7.261M
YoY Change 745.34% 15.38% -88.56%
Total Long-Term Liabilities $147.6M $147.6M $7.261M
YoY Change 1933.3% 177.52% -88.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $133.4M $133.4M $105.6M
Total Long-Term Liabilities $147.6M $147.6M $7.261M
Total Liabilities $281.1M $462.9M $158.8M
YoY Change 77.04% 35.2% -8.05%
SHAREHOLDERS EQUITY
Retained Earnings $436.2M $413.1M
YoY Change 5.6% 16.05%
Common Stock $118.8M $116.0M
YoY Change 2.41% 2.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $237.6M $237.6M $240.1M
YoY Change
Total Liabilities & Shareholders Equity $700.5M $700.5M $582.4M
YoY Change 20.27% 20.28% 7.38%

Cashflow Statement

Concept 2024 Q3 2024 2023 Q3
OPERATING ACTIVITIES
Net Income $5.248M $23.13M $7.600M
YoY Change -30.95% -59.53% -36.67%
Depreciation, Depletion And Amortization $1.833M $4.713M $300.0K
YoY Change 511.0% 327.68% 14.5%
Cash From Operating Activities -$5.694M $61.38M -$4.500M
YoY Change 26.53% -43.8% -139.43%
INVESTING ACTIVITIES
Capital Expenditures $71.75M $3.865M $800.0K
YoY Change 8868.75% -2.96% -488.35%
Acquisitions $78.77M
YoY Change
Other Investing Activities -$56.69M -$135.5M $0.00
YoY Change -353.2%
Cash From Investing Activities -$128.4M -$209.8M -$800.0K
YoY Change 15955.38% -523.95% 288.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.136M
YoY Change 54.77%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 67.76M $22.07M -22.20M
YoY Change -405.23% -127.66% 22.95%
NET CHANGE
Cash From Operating Activities -5.694M $61.38M -4.500M
Cash From Investing Activities -128.4M -$209.8M -800.0K
Cash From Financing Activities 67.76M $22.07M -22.20M
Net Change In Cash -66.38M -$126.4M -27.50M
YoY Change 141.37% -260.19% 301.58%
FREE CASH FLOW
Cash From Operating Activities -$5.694M $61.38M -$4.500M
Capital Expenditures $71.75M $3.865M $800.0K
Free Cash Flow -$77.44M $57.51M -$5.300M
YoY Change 1361.21% -45.35% -145.61%

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CY2024 us-gaap Interest And Other Income
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CY2023 us-gaap Interest And Other Income
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CY2022 us-gaap Interest And Other Income
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CY2023 us-gaap Interest Expense Nonoperating
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CY2022 us-gaap Interest Expense Nonoperating
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0 usd
CY2024 us-gaap Income Loss From Equity Method Investments
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7260000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
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25237000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1010000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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64448000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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149539000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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90701000 usd
CY2024 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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53129000 usd
CY2023 us-gaap Profit Loss
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CY2022 us-gaap Profit Loss
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CY2024 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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30039000 usd
CY2023 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
70624000 usd
CY2022 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
43464000 usd
CY2024 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
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CY2023 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
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0 usd
CY2022 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
0 usd
CY2024 us-gaap Net Income Loss
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23130000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
57147000 usd
CY2022 us-gaap Net Income Loss
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34004000 usd
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
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16532000 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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16426000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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16338000 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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16532000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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16426000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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31348000 shares
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.38
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.44
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.06
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.38
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.44
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.04
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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347715000 usd
CY2022 us-gaap Stock Granted During Period Value Sharebased Compensation
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3227000 usd
CY2022 us-gaap Profit Loss
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77468000 usd
CY2022 rmr Distribution Madeto Limited Liability Company Llc Member Tax Distributions
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14341000 usd
CY2022 us-gaap Dividends Common Stock Cash
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44330000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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369739000 usd
CY2023 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
2874000 usd
CY2023 us-gaap Profit Loss
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127771000 usd
CY2023 rmr Distribution Madeto Limited Liability Company Llc Member Tax Distributions
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30945000 usd
CY2023 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
45776000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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423663000 usd
CY2024 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
2801000 usd
CY2024 us-gaap Profit Loss
ProfitLoss
53129000 usd
CY2024 rmr Distribution Madeto Limited Liability Company Llc Member Tax Distributions
DistributionMadetoLimitedLiabilityCompanyLLCMemberTaxDistributions
12997000 usd
CY2024 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
47623000 usd
CY2024 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
444000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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419417000 usd
CY2024 us-gaap Profit Loss
ProfitLoss
53129000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
127771000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
77468000 usd
CY2024 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4713000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1102000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
993000 usd
CY2024 us-gaap Straight Line Rent
StraightLineRent
380000 usd
CY2023 us-gaap Straight Line Rent
StraightLineRent
345000 usd
CY2022 us-gaap Straight Line Rent
StraightLineRent
352000 usd
CY2024 rmr Amortization Of Other Assets
AmortizationOfOtherAssets
9416000 usd
CY2023 rmr Amortization Of Other Assets
AmortizationOfOtherAssets
9416000 usd
CY2022 rmr Amortization Of Other Assets
AmortizationOfOtherAssets
9416000 usd
CY2024 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
602000 usd
CY2023 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 usd
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0 usd
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3057000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1108000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1559000 usd
CY2024 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-2589000 usd
CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 usd
CY2024 rmr Noncash Expense Paidin Common Stock
NoncashExpensePaidinCommonStock
3937000 usd
CY2023 rmr Noncash Expense Paidin Common Stock
NoncashExpensePaidinCommonStock
3608000 usd
CY2022 rmr Noncash Expense Paidin Common Stock
NoncashExpensePaidinCommonStock
3774000 usd
CY2024 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2391000 usd
CY2023 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
2221000 usd
CY2022 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
841000 usd
CY2024 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7260000 usd
CY2023 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
25237000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1010000 usd
CY2024 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
14364000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-649000 usd
CY2024 rmr Increase Decreasein Incentive Fee Dueto Related Party
IncreaseDecreaseinIncentiveFeeDuetoRelatedParty
12520000 usd
CY2023 rmr Increase Decreasein Incentive Fee Dueto Related Party
IncreaseDecreaseinIncentiveFeeDuetoRelatedParty
-2297000 usd
CY2022 rmr Increase Decreasein Incentive Fee Dueto Related Party
IncreaseDecreaseinIncentiveFeeDuetoRelatedParty
25106000 usd
CY2024 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2322000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2293000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1546000 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
61375000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
109215000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
101270000 usd
CY2024 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
78771000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2024 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
70509000 usd
CY2023 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
0 usd
CY2022 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
0 usd
CY2024 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
57180000 usd
CY2023 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
0 usd
CY2022 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
0 usd
CY2024 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3865000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3983000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1121000 usd
CY2024 us-gaap Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
700000 usd
CY2023 us-gaap Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
0 usd
CY2022 us-gaap Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
0 usd
CY2024 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 usd
CY2023 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
53479000 usd
CY2022 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 usd
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
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-209838000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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49496000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10590000 usd
CY2024 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
41655000 usd
CY2023 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
CY2022 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
CY2024 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
46500000 usd
CY2023 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
CY2024 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1960000 usd
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2024 rmr Paymentsto Noncontrolling Interests Dividendsand Tax Distributions
PaymentstoNoncontrollingInterestsDividendsandTaxDistributions
32197000 usd
CY2023 rmr Paymentsto Noncontrolling Interests Dividendsand Tax Distributions
PaymentstoNoncontrollingInterestsDividendsandTaxDistributions
50145000 usd
CY2022 rmr Paymentsto Noncontrolling Interests Dividendsand Tax Distributions
PaymentstoNoncontrollingInterestsDividendsandTaxDistributions
32941000 usd
CY2024 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
28423000 usd
CY2023 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
26576000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
25730000 usd
CY2024 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1136000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
734000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
547000 usd
CY2024 rmr Paymentsto Related Party Tax Receivable Agreement
PaymentstoRelatedPartyTaxReceivableAgreement
2366000 usd
CY2023 rmr Paymentsto Related Party Tax Receivable Agreement
PaymentstoRelatedPartyTaxReceivableAgreement
2355000 usd
CY2022 rmr Paymentsto Related Party Tax Receivable Agreement
PaymentstoRelatedPartyTaxReceivableAgreement
2209000 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
22073000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-79810000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-61427000 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-126390000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
78901000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
29253000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
267989000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
189088000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
159835000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
141599000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
267989000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
189088000 usd
CY2024 us-gaap Income Taxes Paid
IncomeTaxesPaid
9138000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
21233000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
9555000 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
371000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3646000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5057000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1295000 usd
CY2024Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
14547000 usd
CY2023Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
0 usd
CY2022Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
0 usd
CY2024 rmr Property Plant And Equipment Write Off
PropertyPlantAndEquipmentWriteOff
1209000 usd
CY2023 rmr Property Plant And Equipment Write Off
PropertyPlantAndEquipmentWriteOff
479000 usd
CY2022 rmr Property Plant And Equipment Write Off
PropertyPlantAndEquipmentWriteOff
1272000 usd
CY2024 us-gaap Notes Assumed1
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5429000 usd
CY2023 us-gaap Notes Assumed1
NotesAssumed1
0 usd
CY2022 us-gaap Notes Assumed1
NotesAssumed1
0 usd
CY2024 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
465000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
39000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
114000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
141599000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
267989000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
189088000 usd
CY2024Q3 rmr Number Of Managed Real Estate Investment Trusts
NumberOfManagedRealEstateInvestmentTrusts
4 real_estate_investment_trust
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div>Preparation of these financial statements in conformity with U.S. Generally Accepted Accounting Principles, or GAAP, requires our management to make certain estimates and assumptions that may affect the amounts reported in these consolidated financial statements and related notes. The actual results could differ from these estimates.
CY2024 rmr Property Management Fee Construction Supervision Percent
PropertyManagementFeeConstructionSupervisionPercent
0.050
CY2024 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
76444000 usd
CY2023 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
63153000 usd
CY2022 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
59667000 usd
CY2024 rmr Property Management Fee Revenue Construction Supervision
PropertyManagementFeeRevenueConstructionSupervision
15641000 usd
CY2023 rmr Property Management Fee Revenue Construction Supervision
PropertyManagementFeeRevenueConstructionSupervision
18443000 usd
CY2022 rmr Property Management Fee Revenue Construction Supervision
PropertyManagementFeeRevenueConstructionSupervision
16743000 usd
CY2024Q3 us-gaap Restricted Cash Equivalents
RestrictedCashEquivalents
553000 usd
CY2024Q3 us-gaap Allowance For Notes And Loans Receivable Noncurrent
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343000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
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79880000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8658000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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3447000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3212000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
76433000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5446000 usd
CY2024 us-gaap Depreciation
Depreciation
1665000 usd
CY2023 us-gaap Depreciation
Depreciation
1071000 usd
CY2022 us-gaap Depreciation
Depreciation
956000 usd
CY2024 us-gaap Amortization Of Intangible Assets
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3048000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
31000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4675000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3607000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3076000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3075000 usd
CY2024Q3 rmr Finite Lived Intangible Asset Expected Amortization Year Five And Thereafter
FiniteLivedIntangibleAssetExpectedAmortizationYearFiveAndThereafter
691000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
18843000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3719000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1150000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
983000 usd
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
106063000 usd
CY2023Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
115479000 usd
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4912000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
16922000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2024 us-gaap Current State And Local Tax Expense Benefit
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CY2024 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
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CY2024Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2023 us-gaap Severance Costs1
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CY2024 rmr Incremental Common Shares Attributable To Dilutive Effect Of Contingently Issuable Shares Income Loss Attributable To Unvested Participating Securities
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IncrementalCommonSharesAttributableToDilutiveEffectOfContingentlyIssuableSharesIncomeLossAttributableToUnvestedParticipatingSecurities
329000 usd
CY2024 rmr Incremental Common Shares Attributable To Dilutive Effect Of Contingently Issuable Shares Income Loss Attributable To Noncontrolling Interest
IncrementalCommonSharesAttributableToDilutiveEffectOfContingentlyIssuableSharesIncomeLossAttributableToNoncontrollingInterest
0 usd
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IncrementalCommonSharesAttributableToDilutiveEffectOfContingentlyIssuableSharesIncomeLossAttributableToNoncontrollingInterest
43464000 usd
CY2024 rmr Incremental Common Shares Attributable To Dilutive Effect Of Contingently Issuable Shares Income Tax Expense Benefit
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CY2023 rmr Incremental Common Shares Attributable To Dilutive Effect Of Contingently Issuable Shares Income Tax Expense Benefit
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13233000 usd
CY2024 rmr Income Tax Expense Benefit Redemption Of Noncontrolling Interest
IncomeTaxExpenseBenefitRedemptionOfNoncontrollingInterest
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IncomeTaxExpenseBenefitRedemptionOfNoncontrollingInterest
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CY2022 rmr Income Tax Expense Benefit Redemption Of Noncontrolling Interest
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CY2023 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
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CY2022 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
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CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16532000 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
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CY2023 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
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CY2022 us-gaap Incremental Common Shares Attributable To Equity Unit Purchase Agreements
IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements
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CY2024 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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64448000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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149539000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2024 rmr Franchise Tax Expense And Interest Income
FranchiseTaxExpenseAndInterestIncome
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CY2023 rmr Franchise Tax Expense And Interest Income
FranchiseTaxExpenseAndInterestIncome
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CY2022 rmr Franchise Tax Expense And Interest Income
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CY2024 rmr Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest Net
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CY2024 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Nonredeemable
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30039000 usd
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43464000 usd
CY2024 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
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CY2023 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
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CY2024 rmr Income Loss From Continuing Operations Before Income Taxes
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CY2023 rmr Income Loss From Continuing Operations Before Income Taxes
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CY2024 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2024 rmr Franchise Tax Expense And Interest Income
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CY2023 rmr Franchise Tax Expense And Interest Income
FranchiseTaxExpenseAndInterestIncome
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CY2022 rmr Franchise Tax Expense And Interest Income
FranchiseTaxExpenseAndInterestIncome
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CY2024 us-gaap Net Income Loss
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CY2023 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
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34004000 usd
CY2024 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
3390000 usd
CY2023 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
2992000 usd
CY2022 us-gaap Defined Benefit Plan Contributions By Employer
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2726000 usd
CY2024Q3 rmr Numberof Operating Leases
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60 operating_lease
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P5Y
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CY2024 rmr Operating Lease Fixed Payment
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6636000 usd
CY2023 rmr Operating Lease Fixed Payment
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6272000 usd
CY2022 rmr Operating Lease Fixed Payment
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6144000 usd
CY2024 us-gaap Variable Lease Payment
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1158000 usd
CY2023 us-gaap Variable Lease Payment
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CY2022 us-gaap Variable Lease Payment
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CY2024 us-gaap Operating Lease Payments
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CY2023 us-gaap Operating Lease Payments
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CY2022 us-gaap Operating Lease Payments
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7145000 usd
CY2024 us-gaap Straight Line Rent
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380000 usd
CY2023 us-gaap Straight Line Rent
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345000 usd
CY2022 us-gaap Straight Line Rent
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352000 usd
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
7414000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
6834000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
6793000 usd
CY2024 us-gaap Operating Lease Expense
OperatingLeaseExpense
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CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
76000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
83000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6907000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6293000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5866000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4943000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4111000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2716000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
30836000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2783000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
28053000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5906000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
22147000 usd
CY2024Q3 rmr Lessee Operating Lease Lease Not Yet Commenced Liability
LesseeOperatingLeaseLeaseNotYetCommencedLiability
291000 usd

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