Rimini Street Inc RMNI

Information TechnologySoftware & IT ServicesUnited States of America

Last close 4.90 USD on Nov 3, 2026, +26.3% year to date

Quant rating

Quant rating D Rank 305 of 389 in Information Technology

Growth B 116 of 389
Valuation C 199 of 389
Quality D 384 of 389
Revisions D 321 of 389
Momentum B 77 of 389

Wall Street consensus Buy (2.00)Average target 7.00 USD +42.9%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 454M
Enterprise value: 377M
52-week range: 2.88 – 5.67
3-year range: 1.59 – 5.67
Dividend yield: –
Beta (5 years): 1.22
Shares outstanding: 92.7M
Next earnings: Feb 17, 2027

About the company

Rimini Street, Inc. is a global provider of enterprise software support products and services. The Company's subscription and fee-based software services offer enterprise software licensees a choice of solutions that replace or supplement the support products and services offered by enterprise software vendors. Its products and services seek to enable its clients to keep their systems operating and to remain in tax, legal and regulatory compliance; improve productivity; and allocate limited budgets, labor, and other resources to investments. Its software support products and service offerings cover a range of enterprise software vendors, product families and product lines. Its supported vendor or product category includes SAP Applications, SAP Databases, Oracle Applications, Oracle Technology, Oracle Databases, Microsoft Databases, IBM Databases, Open-Source Databases, Salesforce, and Other Software. The Company also offers a special support service, Rimini Street Extra Secure Support.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	422	429	431	410	374	–
Revenue growth	−1.7%	−0.6%	5.3%	9.4%	14.6%	5.2%
EPS (basic, normalized)	0.23	0.48	0.54	0.44	0.51	–
EPS growth	−52.1%	−11.1%	22.7%	−13.7%	–	–
Gross margin	60.4%	60.9%	62.3%	62.8%	63.6%	62.0%
Net margin	8.8%	−8.5%	6.0%	−0.6%	12.1%	3.6%
ROE	–	–	–	–	–	–

Balance sheet, last quarter
Cash & short-term investments (mil)	123
Current ratio	0.84x
Long-term debt (mil)	46.6
Net debt (mil)	−76.9
Total equity (mil)	−16.7
Net debt / equity	4.61x
Net debt / EBITDA	−1.54x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	422	−1.7%	0.9x	49.8	+10.1%	7.6x	0.23	−52.1%	21.3x
2026	446	+5.9%	0.8x	54.5	+9.4%	6.9x	0.37	+60.9%	13.2x
2027	473	+5.9%	0.8x	68.3	+25.3%	5.5x	0.48	+31.1%	10.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	446	+0.3%	+0.8%	+1.3%	0.37	+5.7%	+3.7%	−3.5%
2027	473	+0.2%	+1.0%	+0.8%	0.48	+1.0%	+0.3%	−5.5%
2028	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	107	103	105	114	104	104	103	110	105	111
Sales mean (mil)	106	105	101	103	103	103	104	105	103	107
Surprise	+0.5%	−2.2%	+3.5%	+11.4%	+0.9%	+1.0%	−0.6%	+4.1%	+2.7%	+4.1%
EPS reported	0.08	0.07	0.22	0.12	0.09	−0.01	0.07	0.06	0.04	0.06
EPS mean	0.10	0.09	0.06	0.10	0.08	0.08	0.09	0.08	0.06	0.06
Surprise	−22.6%	−25.0%	+288.2%	+20.0%	+8.0%	−112.0%	−18.3%	−21.7%	−35.5%	−5.3%

Peer comparison Software & IT Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
RMNI Rimini Street Inc	454M	−1.54x	8.8%	−27.40x	13.2x	10.1x	6.9x	5.5x
MSFT Microsoft Corporation	3.87T	0.22x	40.3%	8.22x	26.0x	21.7x	16.0x	12.9x
ORCL Oracle Corporation	382.5B	2.81x	26.6%	5.71x	15.5x	11.4x	9.2x	6.4x
SAPG SAP SE	284.2B	0.01x	19.5%	5.19x	28.6x	24.5x	19.6x	17.0x
IBM International Business Machines Corp	236.3B	2.78x	17.4%	6.65x	20.1x	18.8x	14.2x	13.4x
MSTR Strategy Inc	57.9B	−2.56x	−886.3%	0.84x	−5.3x	11.5x	−6.8x	10.1x
Mean		0.29x	−129.0%	−0.13x	16.4x	16.3x	9.9x	10.9x
Median		0.11x	18.4%	5.45x	17.8x	15.2x	11.7x	11.5x

Technical analysis

1M+15.6%
3M+2.3%
1Y+25.6%
3Y+73.8%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Rimini Street Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	422	429	431	410	374	327
Cost of revenue	167	168	163	152	136	126
Gross profit	255	261	269	257	238	201
Selling, general & administrative expenses	222	223	215	218	193	167
Research & development	–	–	–	–	–	–
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	−26.9	70.3	9.8	30.8	18.5	15.7
Other operating expenses	0	0	0	0	0	0
Operating income	59.9	−32.1	43.8	8.1	26.8	17.9
Net interest income (expense)	−3.9	−3.9	−2.2	−4.0	−7.1	−1.5
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−0.4	−0.6	−0.4	−0.3	−0.3	−0.2
Net income before taxes	55.6	−36.6	41.2	3.8	19.4	16.2
Provision for taxes	18.5	−0.4	15.2	6.3	−55.8	4.6
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	37.1	−36.3	26.1	−2.5	75.2	11.6
Extraordinary items	–	–	–	–	–	–
Net income	37.1	−36.3	26.1	−2.5	75.2	11.6
EBIT, normalized	33.0	38.2	53.6	38.9	45.3	33.6
EBITDA, normalized	36.9	41.8	56.4	41.4	47.7	35.4
Basic EPS, normalized	0.23	0.48	0.54	0.44	0.51	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Rimini Street Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	120	88.8	125	129	120	87.6
Receivables	142	134	123	119	139	118
Total inventory	–	–	–	–	–	–
Prepaid expenses	15.4	16.3	22.4	16.1	13.3	13.5
Other current assets	22.9	17.5	18.4	17.6	15.4	14.3
Total current assets	300	256	289	282	287	233
Property, plant & equipment	31.6	17.1	16.4	13.3	17.2	22.3
Goodwill	–	–	–	–	–	–
Intangibles	–	–	–	–	–	–
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	91.1	95.7	88.7	96.1	87.3	24.4
Total assets	423	369	394	391	391	280
Liabilities
Accounts payable	5.8	5.3	6.0	8.0	5.7	3.2
Payable/accrued	–	–	–	–	–	–
Accrued expenses	66.9	56.1	59.3	71.8	65.0	60.4
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	4.0	3.4	6.3	5.1	4.0	0.4
Other current liabilities	271	260	265	268	255	231
Total current liabilities	347	325	336	353	330	295
Long-term debt	63.2	82.2	64.5	70.7	80.7	0
Minority interest	–	–	–	–	–	–
Other liabilities	39.6	31.7	32.3	44.5	61.5	49.8
Total liabilities	450	439	433	468	472	345
Shareholders' equity
Preferred stock	0	–	–	–	–	0
Common stock	0	0	0	0	0	0
Additional paid-in capital	181	178	168	156	149	98.3
Retained earnings (accumulated deficit)	−201	−238	−202	−228	−226	−301
Treasury stock	−1.1	−1.1	−1.1	−1.1	−1.1	–
Other equity	−5.6	−7.4	−4.2	−4.2	−2.7	138
Total equity	−27.0	−69.4	−39.5	−77.2	−80.4	−65.2
Total liabilities & shareholders' equity	423	369	394	391	391	280

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Rimini Street Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	37.1	−36.3	26.1	−2.5	75.2	13.0
Depreciation, depletion & amortization	3.9	3.6	2.8	2.5	2.4	1.8
Deferred taxes	11.2	−9.8	6.6	−2.1	−62.3	−0.5
Non-cash items	16.8	14.9	18.0	20.4	22.1	14.9
Changes in working capital	−8.7	−11.2	−41.1	16.5	29.5	13.0
Cash from operations	60.2	−38.8	12.5	34.9	66.9	42.1
Investing activities
Capital expenditures	−4.6	−3.4	−7.2	−4.3	−2.1	−1.5
Other investing cash flows	0	9.8	10.3	−20.1	0	0
Cash from investing	−4.6	6.4	3.1	−24.4	−2.1	−1.5
Financing activities
Financing cash flow items	–	0	0	0	−6.6	−0.6
Cash dividends paid	–	–	0	0	−12.7	−15.8
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−26.6	14.0	−6.9	−13.5	−7.3	22.7
Cash from financing	−26.6	14.0	−6.9	−13.6	−26.6	6.4
Foreign exchange effects	2.8	−8.2	−2.2	−7.4	−6.2	2.5
Net change in cash	31.9	−26.6	6.4	−10.6	32.1	49.5
Free cash flow	55.6	−42.2	5.3	30.6	64.8	40.6

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.