(RMNI) Rimini Street - Overview
Stock: Support, Managed, Security, Consulting, Custom
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 54.0% |
| Relative Tail Risk | -15.8% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.46 |
| Alpha | -3.02 |
| Character TTM | |
|---|---|
| Beta | 0.873 |
| Beta Downside | 0.827 |
| Drawdowns 3y | |
|---|---|
| Max DD | 69.89% |
| CAGR/Max DD | -0.16 |
Description: RMNI Rimini Street December 29, 2025
Rimini Street, Inc. (NASDAQ:RMNI) delivers enterprise-software support and managed-services solutions that extend the life and performance of Oracle, SAP, VMware, and other mission-critical applications. Its portfolio includes Rimini ONE (an integrated outsourcing platform), Rimini Support, Rimini Manage, Rimini Protect, Rimini Connect, Rimini Watch, Rimini Consult, and Rimini Custom, targeting Fortune 500 and Global 100 enterprises across all major regions.
In FY 2023 the company reported revenue of roughly **$1.2 billion**, a **~10% year-over-year increase**, and a **gross margin near 70%**, reflecting the high-margin nature of subscription-based support contracts. ARR (annual recurring revenue) grew at **~12% CAGR** over the past three years, while operating cash flow remained positive, underscoring a cash-generative business model.
The enterprise-software support market is being reshaped by two macro drivers: (1) **cost-containment pressure** as large firms seek alternatives to OEM support fees, and (2) **cloud-migration acceleration**, which creates demand for hybrid-support services that bridge on-prem and cloud environments. Rimini Street’s focus on multi-vendor support positions it to capture a share of the estimated **8-9% annual growth** in the third-party support segment.
For a deeper quantitative view of RMNI’s valuation metrics, you might explore the analyst tools on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 43.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA 2.05 > 1.0 |
| NWC/Revenue: -9.71% < 20% (prev -21.97%; Δ 12.26% < -1%) |
| CFO/TA 0.01 > 3% & CFO 2.98m > Net Income 43.0m |
| Net Debt (-81.2m) to EBITDA (79.1m): -1.03 < 3 |
| Current Ratio: 0.85 > 1.5 & < 3 |
| Outstanding Shares: last quarter (95.3m) vs 12m ago 4.97% < -2% |
| Gross Margin: 61.28% > 18% (prev 0.60%; Δ 6068 % > 0.5%) |
| Asset Turnover: 122.3% > 50% (prev 124.1%; Δ -1.80% > 0%) |
| Interest Coverage Ratio: 10.76 > 6 (EBITDA TTM 79.1m / Interest Expense TTM 6.65m) |
Altman Z'' -1.83
| A: -0.12 (Total Current Assets 234.0m - Total Current Liabilities 275.3m) / Total Assets 352.9m |
| B: -0.57 (Retained Earnings -202.1m / Total Assets 352.9m) |
| C: 0.21 (EBIT TTM 71.6m / Avg Total Assets 348.4m) |
| D: -0.55 (Book Value of Equity -208.4m / Total Liabilities 380.1m) |
| Altman-Z'' Score: -1.83 = D |
Beneish M -2.81
| DSRI: 1.23 (Receivables 82.5m/67.0m, Revenue 426.0m/426.6m) |
| GMI: 0.98 (GM 61.28% / 60.17%) |
| AQI: 0.87 (AQ_t 0.25 / AQ_t-1 0.28) |
| SGI: 1.00 (Revenue 426.0m / 426.6m) |
| TATA: 0.11 (NI 43.0m - CFO 2.98m) / TA 352.9m) |
| Beneish M-Score: -2.81 (Cap -4..+1) = A |
What is the price of RMNI shares?
Over the past week, the price has changed by -4.64%, over one month by -15.64%, over three months by -14.77% and over the past year by +15.44%.
Is RMNI a buy, sell or hold?
- StrongBuy: 2
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the RMNI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 6.1 | 85.4% |
| Analysts Target Price | 6.1 | 85.4% |
| ValueRay Target Price | 3.1 | -5.2% |
RMNI Fundamental Data Overview February 03, 2026
P/E Forward = 9.8619
P/S = 0.7493
P/EG = 0.877
Revenue TTM = 426.0m USD
EBIT TTM = 71.6m USD
EBITDA TTM = 79.1m USD
Long Term Debt = 64.4m USD (from longTermDebt, last quarter)
Short Term Debt = 8.17m USD (from shortTermDebt, last quarter)
Debt = 27.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -81.2m USD (from netDebt column, last quarter)
Enterprise Value = 238.0m USD (319.2m + Debt 27.5m - CCE 108.7m)
Interest Coverage Ratio = 10.76 (Ebit TTM 71.6m / Interest Expense TTM 6.65m)
EV/FCF = -152.0x (Enterprise Value 238.0m / FCF TTM -1.57m)
FCF Yield = -0.66% (FCF TTM -1.57m / Enterprise Value 238.0m)
FCF Margin = -0.37% (FCF TTM -1.57m / Revenue TTM 426.0m)
Net Margin = 10.10% (Net Income TTM 43.0m / Revenue TTM 426.0m)
Gross Margin = 61.28% ((Revenue TTM 426.0m - Cost of Revenue TTM 164.9m) / Revenue TTM)
Gross Margin QoQ = 59.89% (prev 60.37%)
Tobins Q-Ratio = 0.67 (Enterprise Value 238.0m / Total Assets 352.9m)
Interest Expense / Debt = 5.26% (Interest Expense 1.45m / Debt 27.5m)
Taxrate = 20.29% (704.0k / 3.47m)
NOPAT = 57.1m (EBIT 71.6m * (1 - 20.29%))
Current Ratio = 0.85 (Total Current Assets 234.0m / Total Current Liabilities 275.3m)
Debt / Equity = -1.01 (negative equity) (Debt 27.5m / totalStockholderEquity, last quarter -27.3m)
Debt / EBITDA = -1.03 (Net Debt -81.2m / EBITDA 79.1m)
Debt / FCF = 51.86 (negative FCF - burning cash) (Net Debt -81.2m / FCF TTM -1.57m)
Total Stockholder Equity = -47.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 12.35% (Net Income 43.0m / Total Assets 352.9m)
RoE = -90.85% (negative equity) (Net Income TTM 43.0m / Total Stockholder Equity -47.4m)
RoCE = 420.3% (EBIT 71.6m / Capital Employed (Equity -47.4m + L.T.Debt 64.4m))
RoIC = 179.7% (NOPAT 57.1m / Invested Capital 31.8m)
WACC = 8.74% (E(319.2m)/V(346.7m) * Re(9.13%) + D(27.5m)/V(346.7m) * Rd(5.26%) * (1-Tc(0.20)))
Discount Rate = 9.13% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.07%
Fair Price DCF = unknown (Cash Flow -1.57m)
EPS Correlation: 0.37 | EPS CAGR: -47.24% | SUE: -0.65 | # QB: 0
Revenue Correlation: 42.41 | Revenue CAGR: 1.10% | SUE: -0.14 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.09 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=3
EPS next Year (2026-12-31): EPS=0.42 | Chg30d=+0.023 | Revisions Net=+1 | Growth EPS=+80.0% | Growth Revenue=+4.1%