A Business at a Glance
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Rimini Street, Inc.
RMNI
$419M
Mkt Cap
$4.41
+2.56%
Rimini Street, Inc. (RMNI) has a current P/E ratio of 11.3, compared to its historical median P/E of 11.3. The stock is currently considered Fair based on its historical valuation range.
Rimini Street, Inc. (RMNI) has a 5-year average return on invested capital (ROIC) of 3.6%. This is below average and may indicate limited pricing power.
Rimini Street, Inc. (RMNI) has a market capitalization of $419M. It is classified as a small-cap stock.
Rimini Street, Inc. (RMNI) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.81%.
Based on historical P/E analysis, Rimini Street, Inc. (RMNI) appears fair. The current P/E of 11.3 is 0% above its historical median of 11.3. The estimated fair value CAGR (P/E method) is 2.2%.
Rimini Street, Inc. (RMNI) operates in the Services-Business Services, Nec industry, within the Industrials sector.
Rimini Street, Inc. (RMNI) reported annual revenue of $422 million in its most recent fiscal year, based on SEC EDGAR filings.
Business Overview Rimini Street, Inc. and its subsidiaries (referred to as “Rimini Street,” the “Company,” “we” and “us”) are global providers of end-to-end third-party enterprise software support, managed services and Agentic AI ERP innovation solutions. Rimini Street, Inc. was formed in the State of Nevada in 2005 and, through a merger in 2017 with a public company, became Rimini Street, Inc., a Delaware corporation, trading on the Nasdaq Global Market under the ticker symbol “RMNI.” Our mission is to enable our clients to better control their IT roadmap by offering a comprehensive portfolio of unified software support services and related ERP solutions – designed to be funded within existing budgets – to accelerate the vision of Transformation without Disruption,™ empowering clients to put technology to work to produce more efficient business outcomes to provide a competitive advantage and facilitate growth.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 422M | 422M | 429M | 431M | 410M | 374M |
| Net Income | 37M | 37M | -36M | 26M | -2.5M | 45M |
| EPS | $0.39 | $0.39 | $-0.40 | $0.29 | $-0.03 | $0.51 |
| Free Cash Flow | 56M | 56M | -42M | 5.3M | 31M | 65M |
| ROIC | 9.4% | 10.1% | -6.9% | 7.0% | 1.1% | 6.8% |
| Gross Margin | 60.4% | 60.4% | 60.9% | 62.3% | 62.8% | 63.6% |
| Debt/Equity | 0.00 | -2.63 | -1.27 | -1.93 | -1.03 | -1.08 |
| Dividends/Share | $0.00 | - | - | - | $0.00 | $0.03 |
| Operating Income | 60M | 60M | -32M | 44M | 8.1M | 27M |
| Operating Margin | 14.2% | 14.2% | -7.5% | 10.1% | 2.0% | 7.2% |
| ROE | 0.0% | - | - | - | - | - |
| Shares Outstanding | 95M | 95M | 91M | 90M | 83M | 89M |
| Metric | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 118M | 160M | 213M | 253M | 281M | 327M | 374M | 410M | 431M | 429M | 422M | 422M |
| Gross Margin | 55.3% | 58.1% | 61.0% | 62.1% | 62.6% | 61.4% | 63.6% | 62.8% | 62.3% | 60.9% | 60.4% | 60.4% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 24M | 36M | 36M | 37M | 47M | 52M | 64M | 75M | 73M | 73M | 70M | 70M |
| EBIT | -42M | 14M | 22M | 30M | 22M | 18M | 27M | 8.1M | 44M | -32M | 60M | 60M |
| Op. Margin | -35.4% | 8.7% | 10.3% | 11.6% | 7.9% | 5.5% | 7.2% | 2.0% | 10.1% | -7.5% | 14.2% | 14.2% |
| Net Income | -45M | -23M | -53M | -75M | -7.9M | -15M | 45M | -2.5M | 26M | -36M | 37M | 37M |
| Net Margin | -38.3% | -14.3% | -25.1% | -29.4% | -2.8% | -4.7% | 12.1% | -0.6% | 6.0% | -8.5% | 8.8% | 8.8% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.5M | 59K | 5.7M | 4.5M | 4.5M |
| Returns on Capital | ||||||||||||
| ROIC | -24.1% | 10.2% | 18.0% | 20.1% | 9.5% | 4.6% | 6.8% | 1.1% | 7.0% | -6.9% | 10.1% | 9.4% |
| ROE | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| ROA | -26.1% | -16.8% | -43.6% | -50.9% | -3.9% | -5.4% | 11.6% | -0.6% | 6.6% | -9.8% | 9.4% | 8.8% |
| Cash Flow | ||||||||||||
| Op. Cash Flow | 1.6M | -60M | 29M | 22M | 20M | 42M | 67M | 35M | 12M | -39M | 60M | 60M |
| Free Cash Flow | -174K | -61M | 28M | 21M | 19M | 41M | 65M | 31M | 5.3M | -42M | 56M | 56M |
| Owner Earnings | -2.1M | -64M | 24M | 16M | 13M | 33M | 55M | 21M | -2.9M | -52M | 45M | 45M |
| CapEx | 1.7M | 1.2M | 1.4M | 1.1M | 1.9M | 1.5M | 2.1M | 4.3M | 7.2M | 3.4M | 4.6M | 4.6M |
| Maint. CapEx | 1.5M | 1.8M | 2.0M | 1.8M | 1.9M | 1.8M | 2.4M | 2.5M | 2.8M | 3.6M | 3.9M | 3.9M |
| Growth CapEx | 296K | 0 | 0 | 0 | 0 | 0 | 0 | 1.8M | 4.4M | 0 | 710K | 710K |
| D&A | 1.5M | 1.8M | 2.0M | 1.8M | 1.9M | 1.8M | 2.4M | 2.5M | 2.8M | 3.6M | 3.9M | 3.9M |
| CapEx/OCF | 111.1% | N/A | 4.8% | 4.7% | 9.2% | 3.5% | 3.1% | 12.4% | 57.8% | N/A | 7.6% | 7.6% |
| Capital Allocation | ||||||||||||
| Dividends Paid | 0 | 0 | 0 | 2.8M | 15M | 0 | 2.9M | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | 0.7% | 4.6% | N/A | 0.4% | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.7M | 1.0M | 0 | 7.6M | 7.6M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.5% | 0.3% | N/A | 2.0% | 1.8% |
| Stock-Based Comp | 2.3M | 2.3M | 3.0M | 4.4M | 5.5M | 7.5M | 9.7M | 11M | 13M | 9.5M | 11M | 11M |
| Debt Repayment | 31K | 560K | 114K | 10M | 452K | 0 | 4.2M | 0 | 5.6M | 3.6M | 3.8M | 3.8M |
| Balance Sheet | ||||||||||||
| Net Debt | -867K | 124M | 54M | -42M | -76M | -175M | -33M | -50M | -49M | -89M | -169M | -49M |
| Cash & Equiv. | 967K | 9.4M | 22M | 25M | 38M | 88M | 120M | 109M | 115M | 89M | 120M | 120M |
| Long-Term Debt | N/A | 63M | 67M | 2.4M | 0 | 0 | 80M | 70M | 64M | 82M | 63M | 63M |
| Debt/Equity | -0.00 | -0.74 | -0.46 | -0.03 | 0.00 | 0.00 | -1.08 | -1.03 | -1.93 | -1.27 | -2.63 | 0.00 |
| Interest Coverage | -50.5 | 1.0 | 0.5 | 0.9 | 55.6 | 232.3 | 17.3 | 1.9 | 7.9 | -5.1 | 9.7 | 9.7 |
| Equity | -212M | -181M | -210M | -225M | -223M | -203M | -80M | -77M | -39M | -69M | -27M | -27M |
| Total Assets | 174M | 99M | 122M | 147M | 201M | 280M | 391M | 391M | 394M | 369M | 423M | 423M |
| Total Liabilities | 386M | 280M | 332M | 372M | 424M | 483M | 472M | 468M | 433M | 439M | 450M | 450M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -131K | -251M | -304M | -332M | -315M | -301M | -226M | -228M | -202M | -238M | -201M | -201M |
| Working Capital | 955K | -124M | -117M | -101M | -82M | -62M | -43M | -71M | -48M | -68M | -47M | -47M |
| Current Assets | 975K | 89M | 112M | 125M | 177M | 233M | 287M | 282M | 289M | 256M | 300M | 300M |
| Current Liabilities | 20K | 213M | 229M | 226M | 259M | 295M | 330M | 353M | 336M | 325M | 347M | 347M |
| Per Share Data | ||||||||||||
| EPS | -1.87 | -0.95 | -1.65 | -1.22 | -0.12 | -0.21 | 0.51 | -0.03 | 0.29 | -0.40 | 0.39 | 0.39 |
| Owner EPS | -0.40 | -2.64 | 0.37 | 0.26 | 0.20 | 0.45 | 0.62 | 0.26 | -0.03 | -0.57 | 0.48 | 0.48 |
| Book Value | -39.91 | -7.48 | -3.23 | -3.69 | -3.38 | -2.80 | -0.91 | -0.93 | -0.44 | -0.77 | -0.28 | -0.28 |
| Cash Flow/Share | 0.30 | -2.47 | 0.45 | 0.37 | 0.31 | 0.58 | 0.76 | 0.42 | 0.14 | -0.43 | 0.63 | 0.43 |
| Dividends/Share | N/A | 0.00 | 0.00 | 0.05 | 0.22 | 0.00 | 0.03 | 0.00 | N/A | N/A | N/A | 0.00 |
| Shares Out. | 5.3M | 24.1M | 65.2M | 61.1M | 66.0M | 72.5M | 88.6M | 82.7M | 89.9M | 90.7M | 95.1M | 95.1M |
| Valuation | ||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | 11.6 | N/A | 11.3 | N/A | 10.1 | 11.3 |
| P/FCF | N/A | N/A | 18.2 | 14.1 | 14.1 | 8.2 | 8.1 | 10.1 | 55.9 | N/A | 6.7 | 7.5 |
| EV/EBIT | N/A | 26.1 | 25.4 | 8.8 | 8.3 | 8.7 | 18.4 | 32.0 | 5.6 | N/A | 3.4 | 6.2 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | 0.4 | 1.5 | 2.9 | 1.7 | 1.1 | 1.0 | 1.9 | 1.1 | 0.8 | 0.5 | 0.9 | 1.0 |
| FCF Yield | -0.3% | -25.4% | 5.5% | 7.1% | 7.1% | 12.3% | 12.4% | 9.9% | 1.8% | -17.2% | 14.8% | 13.3% |
| Market Cap | 51M | 239M | 505M | 301M | 261M | 331M | 525M | 308M | 294M | 245M | 375M | 419M |
| Avg. Price | 9.66 | 9.77 | 9.62 | 6.87 | 4.83 | 4.31 | 7.87 | 5.33 | 3.61 | 2.54 | 3.79 | 4.41 |
| Year-End Price | 9.51 | 9.90 | 7.75 | 4.92 | 3.95 | 4.57 | 5.92 | 3.73 | 3.27 | 2.70 | 3.94 | 4.41 |
Rimini Street, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
Rimini Street, Inc. trades at 11.3x trailing earnings, compared to its 15-year median P/E of 11.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 7.3x vs a median of 12.1x. The company's 5-year average ROIC is 3.6% with a gross margin of 62.0%. Total shareholder yield (buybacks) is 1.8%. At current prices, the estimated annualized return to fair value is -23.6%.
Rimini Street, Inc. (RMNI) has a net profit margin of 8.8%. This is a modest margin.
Rimini Street, Inc. (RMNI) generated $56 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Rimini Street, Inc. (RMNI) reported earnings per share (EPS) of $0.39 in its most recent fiscal year.
Rimini Street, Inc. (RMNI) has a 5-year average gross margin of 62.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 11 years of financial data for Rimini Street, Inc. (RMNI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Rimini Street, Inc. (RMNI) has a book value per share of $-0.28, based on its most recent annual SEC filing.