Rimini Street (RMNI) AI Stock Analysis

• Market Cap: $379.32M
• Dividend Yield: N/A
• Average Volume (3M): 483.97K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.12
• Revenue Growth: -0.52%
• EPS Growth: -119.92%
• Country: US
• Employees: 2,000
• Sector: Technology
• Sector Strength: 89
• Industry: Software - Application
• EPS (TTM): >-0.01
• Shares Outstanding: 92,518,000
• 10 Day Avg. Volume: 452,675
• 30 Day Avg. Volume: 483,970
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.94
• Enterprise Value/Revenue: 0.83
• Enterprise Value/Gross Profit: 1.36
• Enterprise Value/Ebitda: 15.70
• 1Y Price Target: $5.50
• Price Target Upside: 35.80% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 48 Neutral
• Price Target: $4.00 ▼(-1.23% Downside)

Rimini Street's overall score reflects significant financial challenges, such as negative equity and operating losses. While recent technical indicators and corporate developments provide some positive signals, the valuation remains a major concern due to ongoing losses and lack of dividends. The earnings call provided some optimism through revenue growth and operational improvements but also highlighted ongoing risks.

Positive Factors

Financial Position

The adjustment in the net debt level from $54m to -$4m indicates a healthier financial position for Rimini Street.

Partnerships

The new partnership between Rimini Street and NOW is exciting and has potential for future growth.

Negative Factors

Business Strategy

RMNI finalizing its decision to end its PeopleSoft support business comes at the expense of ~$30m in annual revenues.

Revenue Growth

Revenue growth was only 1%, slightly below the analyst's estimate, and billings declined, breaking four quarters of positive growth.

Rimini Street Business Overview & Revenue Model

Company Description

Rimini Street, Inc. provides enterprise software products, services, and support for various industries. The company offers software support services for Oracle and SAP enterprise software products. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific. Rimini Street, Inc. was incorporated in 2005 and is headquartered in Las Vegas, Nevada.

How the Company Makes Money

Rimini Street generates revenue primarily through its subscription-based support services for Oracle and SAP software. The company charges its clients annual fees for these services, which can be significantly lower than traditional vendor support costs. Key revenue streams include ongoing maintenance and support contracts, as well as consulting services that help businesses optimize their software investments. Additionally, Rimini Street benefits from long-term client relationships and high customer retention rates, which contribute to its stable revenue growth. The company also engages in strategic partnerships and alliances with technology providers, enhancing its service offerings and broadening its market reach.

Rimini Street Financial Statement Overview

Summary

Rimini Street's financial performance is hindered by declining revenues, negative net profit margins, and a weak balance sheet with negative equity. Operating cash flows are negative, indicating financial strain and sustainability concerns despite reasonable gross margins.

Income Statement

Rimini Street's TTM (Trailing-Twelve-Months) gross profit margin stands at 61.47%, indicating decent cost control. However, the net profit margin shows a loss of -0.66%, reflecting ongoing profitability challenges. Revenue has shown a slight decline from 2024 to the TTM period, and both EBIT and EBITDA margins are low, highlighting operational inefficiencies.

Balance Sheet

The company has a negative stockholders' equity, which is concerning and indicates more liabilities than assets. The debt-to-equity ratio is not applicable due to negative equity, but the equity ratio is also negative. These factors point to a weak financial structure and high leverage risk.

Cash Flow

The operating cash flow is negative, which raises sustainability concerns. Free cash flow growth is negative, and ratios to net income are unfavorable due to net losses. Cash flow management appears strained, impacting financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	427.20M	428.75M	431.50M	409.66M	374.43M	326.78M
Gross Profit	262.64M	261.02M	268.98M	257.28M	237.97M	200.57M
EBITDA	22.67M	-22.18M	50.42M	10.58M	23.39M	18.05M
Net Income	-2.83M	-36.27M	26.06M	-2.48M	75.22M	11.59M
Balance Sheet
Total Assets	397.50M	369.06M	393.80M	391.04M	391.26M	279.94M
Cash, Cash Equivalents and Short-Term Investments	101.28M	88.79M	125.25M	129.12M	119.57M	87.58M
Total Debt	103.70M	96.63M	81.66M	88.11M	100.06M	19.93M
Total Liabilities	426.53M	438.51M	433.29M	468.21M	471.65M	480.87M
Stockholders Equity	-29.04M	-69.44M	-39.50M	-77.17M	-80.39M	-200.94M
Cash Flow
Free Cash Flow	-44.27M	-42.23M	5.25M	30.57M	64.84M	40.62M
Operating Cash Flow	-40.26M	-38.85M	12.47M	34.90M	66.94M	42.10M
Investing Cash Flow	-4.01M	6.45M	3.08M	-24.45M	-2.11M	-1.48M
Financing Cash Flow	5.88M	14.02M	-6.89M	-13.57M	-26.57M	6.38M

Rimini Street Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4.05
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RMNI, the sentiment is Neutral. The current price of 4.05 is below the 20-day moving average (MA) of 4.35, below the 50-day MA of 4.08, and above the 200-day MA of 3.22, indicating a neutral trend. The MACD of -0.08 indicates Positive momentum. The RSI at 43.80 is Neutral, neither overbought nor oversold. The STOCH value of 40.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RMNI.

Rimini Street Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CXM	72 Outperform	$2.08B	20.11	17.50%	―	6.75%	97.06%
MLNK	63 Neutral	$1.47B	―	-5.41%	―	5.96%	50.29%
JAMF	62 Neutral	$1.13B	―	-6.68%	―	11.36%	46.67%
Sector *	61 Neutral	$36.30B	7.30	-7.27%	1.97%	7.76%	-6.42%
OPFI	61 Neutral	$922.83M	50.49	-209.49%	―	6.79%	-593.75%
SEMR	56 Neutral	$1.10B	182.58	-0.50%	―	22.16%	-107.92%
RMNI	48 Neutral	$379.32M	―	43.74%	―	-0.52%	-119.92%

Rimini Street Corporate Events

Rimini Street Reports Strong Q2 2025 Financial Results

Rimini Street announced its fiscal second quarter 2025 financial results, highlighting a gross margin increase to 60.4% and adjusted EBITDA rising to $13.0 million from the previous year. The company reported a revenue of $104.1 million, a slight increase from the prior year, with international revenue growth offsetting a decline in U.S. revenue. The company also resolved a legal matter with Oracle, receiving a partial reimbursement of attorney fees, and repaid a portion of its credit line. Operationally, Rimini Street expanded its client base and partnerships, including new agreements with OSG Corporation and the University of Melbourne, and announced executive appointments to strengthen its leadership team.

The most recent analyst rating on (RMNI) stock is a Buy with a $6.50 price target. To see the full list of analyst forecasts on Rimini Street stock, see the RMNI Stock Forecast page.

Rimini Street and Oracle Reach Settlement Agreement

On July 7, 2025, Rimini Street, Inc. and Oracle Corporation reached a confidential settlement agreement to resolve their ongoing legal disputes, specifically the Rimini II case. This settlement includes financial terms where Oracle will remit approximately $37.8 million back to Rimini, and both parties agree to a litigation standstill during the wind-down period of Rimini’s PeopleSoft services, which is expected to conclude by July 31, 2028. The settlement aims to provide a comprehensive resolution to the legal issues between the two companies, maintaining the existing injunctions while allowing Rimini to continue its operations under defined conditions.

The most recent analyst rating on (RMNI) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Rimini Street stock, see the RMNI Stock Forecast page.

Rimini Street Holds 2025 Virtual Stockholders Meeting

On June 4, 2025, Rimini Street, Inc. conducted its 2025 Annual Meeting of Stockholders virtually, with a quorum of 83.3% of the voting power represented. Stockholders voted on three proposals: the election of Robin Murray as a Class II director, a non-binding advisory vote on executive compensation, and the ratification of KPMG LLP as the independent public accounting firm for the fiscal year ending December 31, 2025.

The most recent analyst rating on (RMNI) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Rimini Street stock, see the RMNI Stock Forecast page.

Rimini Street Announces COO Title Change

On May 27, 2025, Rimini Street, Inc. announced a change in the title of its Chief Operating Officer, Mr. Vijay Kumar, to Executive Vice President and Chief Operating Officer. This title change does not affect Mr. Kumar’s status as an executive officer or principal operating officer under the SEC’s regulations, maintaining his roles and responsibilities within the company.

The most recent analyst rating on (RMNI) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Rimini Street stock, see the RMNI Stock Forecast page.

Rimini Street Restructures Leadership Roles in May 2025

On May 19, 2025, Rimini Street announced a restructuring of its product management function, resulting in David Rowe transitioning to the role of Executive Vice President and Chief Marketing Officer. The restructuring places the product management responsibilities under the Chief Operating Officer, Vijay Kumar, without affecting Rowe’s status as an executive officer under relevant securities laws.

The most recent analyst rating on (RMNI) stock is a Buy with a $6.50 price target. To see the full list of analyst forecasts on Rimini Street stock, see the RMNI Stock Forecast page.