RMNI

MKT CAP:$319M

Rimini Street, Inc.

Market Cap

$319M

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$3.46-$0.33 (-8.82%)

Apr 23, 2026

Company Details

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 ...

CEO

Seth A. Ravin

IPO Date

Aug 28, 2015

Website

www.riministreet.com

Key Metrics TTM

Revenue

$422M

-1.7% YoY

Net Income

$37M

EPS (Diluted)

$0.39

Free Cash Flow

$56M

Revenue / Share

$4.45

Gross Margin

60.4%

Operating Margin

14.8%

Net Margin

8.8%

FCF Margin

13.2%

P/S

0.8x

P/E

8.6x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Feb 19, 2026

$422M-1.7%EPS $0.39

Q4 2025

Feb 19, 2026

$110M-3.9%EPS $0.01

Q3 2025

Oct 30, 2025

$103M-1.2%EPS $0.03

Q2 2025

Jul 31, 2025

$104M+1.0%EPS $0.32

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$98M	$61M	$6M
Q2 22	$101M	$64M	$6M
Q3 22	$102M	$63M	$2M
Q4 22	$109M	$70M	-$6M
Q1 23	$106M	$66M	$11M
Q2 23	$106M	$67M	$10M
Q3 23	$107M	$67M	$11M
Q4 23	$112M	$68M	$16M
Q1 24	$107M	$64M	$6M
Q2 24	$103M	$61M	-$775.0K
Q3 24	$105M	$64M	-$50M
Q4 24	$114M	$73M	$15M
Q1 25	$104M	$64M	$9M
Q2 25	$104M	$63M	$41M
Q3 25	$103M	$62M	$4M
Q4 25	$110M	$66M	$8M

Valuation

Quarter	P/S	P/E
Q1 22	1.4x	62.1x
Q2 22	1.4x	43.9x
Q3 22	1.1x	93.3x
Q4 22	0.9x	—
Q1 23	0.8x	4852.6x
Q2 23	1.0x	102.1x
Q3 23	0.4x	16.6x
Q4 23	0.7x	11.7x
Q1 24	0.7x	13.9x
Q2 24	0.6x	16.0x
Q3 24	0.4x	—
Q4 24	0.6x	—
Q1 25	0.7x	—
Q2 25	0.8x	—
Q3 25	1.0x	10.2x
Q4 25	0.8x	9.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$46M	$45M
Q2 22	$15M	$14M
Q3 22	-$24M	-$25M
Q4 22	-$2M	-$3M
Q1 23	$9M	$8M
Q2 23	$13M	$12M
Q3 23	-$8M	-$10M
Q4 23	-$1M	-$5M
Q1 24	$11M	$10M
Q2 24	$6M	$5M
Q3 24	-$19M	-$19M
Q4 24	-$38M	-$38M
Q1 25	$34M	$33M
Q2 25	-$18M	-$20M
Q3 25	$25M	$24M
Q4 25	$20M	$19M

Capital Expenditures

Quarter	CapEx
Q1 22	$485.0K
Q2 22	$1M
Q3 22	$1M
Q4 22	$1M
Q1 23	$1M
Q2 23	$1M
Q3 23	$2M
Q4 23	$4M
Q1 24	$1M
Q2 24	$856.0K
Q3 24	$670.0K
Q4 24	$680.0K
Q1 25	$895.0K
Q2 25	$2M
Q3 25	$1M
Q4 25	$706.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+11.5%	+10.3%
Q2 22	+15.1%	+11.1%
Q3 22	+11.3%	+14.8%
Q4 22	+13.6%	+29.6%
Q1 23	+7.8%	+3.1%
Q2 23	+5.2%	+0.6%
Q3 23	+5.4%	-3.7%
Q4 23	+3.2%	-15.7%
Q1 24	+1.2%	+5.9%
Q2 24	-3.1%	+8.1%
Q3 24	-2.6%	+60.3%
Q4 24	+1.9%	+3.2%
Q1 25	-2.4%	-5.6%
Q2 25	+1.0%	-39.4%
Q3 25	-1.2%	-35.8%
Q4 25	-3.9%	+2.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$3M	3.1%
Q2 22	$3M	3.1%
Q3 22	$2M	2.4%
Q4 22	$2M	2.1%
Q1 23	$2M	1.9%
Q2 23	$4M	3.7%
Q3 23	$3M	2.9%
Q4 23	$3M	3.1%
Q1 24	$3M	2.4%
Q2 24	$2M	2.3%
Q3 24	$2M	2.1%
Q4 24	$2M	2.1%
Q1 25	$3M	2.6%
Q2 25	$3M	2.8%
Q3 25	$3M	2.7%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$20M	$32M
Q2 22	$19M	$36M
Q3 22	$19M	$36M
Q4 22	$18M	$39M
Q1 23	$18M	$34M
Q2 23	$19M	$37M
Q3 23	$18M	$36M
Q4 23	$18M	$35M
Q1 24	$18M	$39M
Q2 24	$20M	$37M
Q3 24	$17M	$36M
Q4 24	$19M	$37M
Q1 25	$18M	$34M
Q2 25	$17M	$38M
Q3 25	$19M	$38M
Q4 25	$22M	$41M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 22	11.5%	8.3%	19.8
Q2 22	15.1%	6.1%	21.2
Q3 22	11.3%	2.7%	13.9
Q4 22	13.6%	-0.8%	12.8
Q1 23	7.8%	12.3%	20.1
Q2 23	5.2%	11.6%	16.7
Q3 23	5.4%	13.1%	18.5
Q4 23	3.2%	12.8%	16.1
Q1 24	1.2%	4.9%	6.0
Q2 24	-3.1%	2.6%	-0.5
Q3 24	-2.6%	-47.0%	-49.5
Q4 24	1.9%	13.9%	15.8
Q1 25	-2.4%	10.9%	8.6
Q2 25	1.0%	42.8%	43.7
Q3 25	-1.2%	7.0%	5.8
Q4 25	-3.9%	5.7%	1.8

Rule of 40

Revenue Segments

Quarter	Reportable Segment
Q1 25	$104M
Q2 25	$104M
Q3 25	$103M
Q4 25	$110M

Revenue by Geography

Quarter	Non-US	United States
Q1 22	$46M	$52M
Q2 22	$47M	$54M
Q3 22	$49M	$53M
Q4 22	$53M	$56M
Q1 23	$52M	$53M
Q2 23	$52M	$54M
Q3 23	$52M	$56M
Q4 23	$55M	$57M
Q1 24	$53M	$54M
Q2 24	$52M	$51M
Q3 24	$53M	$52M
Q4 24	$61M	$53M
Q1 25	$54M	$50M
Q2 25	$55M	$49M
Q3 25	$57M	$46M
Q4 25	$62M	$48M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$158M	$0	$158M
Q2 22	$160M	$0	$160M
Q3 22	$119M	$11M	$130M
Q4 22	$109M	$20M	$130M
Q1 23	$116M	$19M	$135M
Q2 23	$124M	$17M	$141M
Q3 23	$108M	$20M	$128M
Q4 23	$115M	$10M	$125M
Q1 24	$129M	$0	$129M
Q2 24	$135M	$0	$135M
Q3 24	$119M	$0	$119M
Q4 24	$89M	$0	$89M
Q1 25	$123M	$0	$123M
Q2 25	$101M	$0	$101M
Q3 25	$109M	$0	$109M
Q4 25	$120M	$0	$120M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	88M	+2.7%	+15.9%
Q2 22	89M	+1.0%	+13.5%
Q3 22	88M	-1.5%	+3.1%
Q4 22	88M	+0.4%	+2.5%
Q1 23	89M	+0.8%	+0.7%
Q2 23	89M	+0.2%	-0.1%
Q3 23	89M	+0.1%	+1.6%
Q4 23	90M	+0.4%	+1.5%
Q1 24	91M	+1.0%	+1.7%
Q2 24	90M	-0.1%	+1.4%
Q3 24	91M	+0.3%	+1.6%
Q4 24	91M	+0.8%	+2.0%
Q1 25	93M	+2.0%	+3.0%
Q2 25	93M	0.0%	+3.1%
Q3 25	95M	+2.1%	+5.0%
Q4 25	95M	-0.7%	+3.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$59.0K	2K
Q2 22	$61.0K	2K
Q3 22	$61.4K	2K
Q4 22	$56.6K	2K
Q1 23	$55.0K	2K
Q2 23	$55.4K	2K
Q3 23	$56.0K	2K
Q4 23	$52.9K	2K
Q1 24	$50.4K	2K
Q2 24	$48.6K	2K
Q3 24	$49.4K	2K
Q4 24	$56.0K	2K
Q1 25	$51.1K	2K
Q2 25	$51.0K	2K
Q3 25	$50.7K	2K
Q4 25	$55.4K	2K

Revenue / Employee