RMM
RiverNorth Managed Duration Municipal Income Fund Inc
NYSE: RMM · FINANCIAL SERVICES · ASSET MANAGEMENT
$12.87
+2.22% today
Updated 2026-10-09
Market cap
$248.52M
P/E ratio
7.45
P/S ratio
7.69x
EPS (TTM)
$1.69
Dividend yield
—
52W range
$12 – $15
Volume
0.1M
RiverNorth Managed Duration Municipal Income Fund Inc (RMM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $18.45M | $69.20M | $-60.83M | $19.11M | $25.43M | $-5.14M | $24.08M |
| Revenue growth (YoY) | — | +275.0% | -187.9% | +131.4% | +33.1% | -120.2% | +568.3% |
| Cost of revenue | $12.08M | $10.17M | $10.52M | — | — | $7.47M | $6.94M |
| Gross profit | $6.38M | $69.20M | $-60.83M | $19.11M | $25.43M | $-12.61M | $17.14M |
| Gross margin | 34.5% | 100.0% | 100.0% | 100.0% | 100.0% | 245.3% | 71.2% |
| R&D | — | — | — | — | — | — | — |
| SG&A | $26790.00 | $42194.00 | $51299.00 | $75878.00 | $167358.00 | $244184.00 | $188064.00 |
| Operating income | $6.35M | $70.86M | $-58.81M | $19.03M | $25.27M | $-12.86M | $39.27M |
| Operating margin | 34.4% | 102.4% | 96.7% | 99.6% | 99.3% | 250.0% | 163.1% |
| EBITDA | $-40.99M | $70.86M | $-58.81M | $19.03M | $25.27M | $-12.86M | $39.27M |
| EBITDA margin | -222.1% | 102.4% | 96.7% | 99.6% | 99.3% | 250.0% | 163.1% |
| EBIT | $6.35M | $70.86M | $-58.81M | $19.03M | — | — | — |
| Interest expense | $23.67M | $1.70M | $2.07M | $7.34M | $8.56M | $7.47M | $5.76M |
| Income tax | $-47.51M | $-206297.00 | $-236558.00 | $-228485.00 | — | — | — |
| Effective tax rate | 73.3% | -0.3% | 0.4% | -1.2% | 0.0% | 0.0% | 0.0% |
| Net income | $-17.32M | $69.16M | $-60.89M | $19.03M | $25.27M | $-12.86M | $33.51M |
| Net income growth (YoY) | — | +499.3% | -188.0% | +131.3% | +32.8% | -150.9% | +360.6% |
| Profit margin | -93.9% | 99.9% | 100.1% | 99.6% | 99.3% | 250.0% | 139.1% |
Frequently asked questions
How profitable is RMM?
In its most recent fiscal year, RMM ran a gross margin of 71.19%, an operating margin of 163.06%, and a net margin of 139.14%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does RMM generate?
RMM produced $8.70M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.