Rimini Street, Inc. RMNI
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.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- International
- United States of America
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| International | $228.5M | $218.8M | $211.5M |
| United States of America | $193.0M | $210.0M | $220.0M |
As the company reported it, from the “SEGMENT AND GEOGRAPHIC INFORMATION - Schedule of Geographical Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $421.5M | $428.8M | $431.5M | $409.7M | $374.4M | $326.8M | $281.1M | $253.5M | $214.9M | $160.2M |
| Cost of revenue | $166.9M | $167.7M | $162.5M | $152.4M | $136.5M | $126.2M | $105.1M | $96.0M | $82.9M | $67.0M |
| Gross profit | $254.6M | $261.0M | $269.0M | $257.3M | $238.0M | $200.6M | $175.9M | $157.5M | $132.0M | $93.1M |
| SG&A | $70.0M | $73.1M | $73.0M | $75.4M | $64.2M | $52.2M | $47.4M | $37.2M | $36.1M | $36.2M |
| Total operating expenses | $194.7M | $293.1M | $225.2M | $249.2M | $211.2M | $182.7M | $153.8M | $128.0M | $106.7M | $79.2M |
| Operating income | $59.9M | -$32.1M | $43.8M | $8.1M | $26.8M | $17.9M | $22.1M | $29.5M | $25.3M | $13.9M |
| Interest expense | $6.2M | $6.3M | $5.5M | $4.3M | $1.6M | $77.0K | — | — | — | — |
| Pre-tax income | $55.6M | -$36.6M | $41.2M | $3.8M | $19.4M | $16.2M | $24.1M | -$62.0M | -$48.7M | -$11.4M |
| Income tax | $18.5M | $371.0K | $15.2M | $6.3M | $55.8M | $4.6M | $2.7M | $2.0M | $1.3M | $1.5M |
| Net income | $37.1M | -$36.3M | $26.1M | -$2.5M | $75.2M | $11.6M | $21.4M | -$64.0M | -$50.0M | -$12.9M |
| EPS, basic | 0.40 | -0.40 | 0.29 | -0.03 | 0.54 | -0.21 | -0.06 | — | — | — |
| EPS, diluted | 0.39 | -0.40 | 0.29 | -0.03 | 0.51 | -0.21 | -0.06 | -1.22 | -1.55 | -0.95 |
| Shares, diluted (wtd. avg.) | 94.5M | 90.5M | 89.5M | 87.7M | 89.0M | 71.2M | 66.0M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $120.0M | $88.8M | $115.9M | $109.4M | $120.0M | $87.9M | $38.4M | $25.2M | $40.0M | $28.2M |
| Short-term investments | — | $0 | $9.8M | $20.1M | $0 | — | — | — | — | — |
| Receivables | $136.9M | $130.8M | $119.4M | $116.1M | $135.4M | $117.9M | $111.6M | $80.6M | $63.5M | $55.3M |
| Total current assets | $300.4M | $256.3M | $288.7M | $281.7M | $286.8M | $233.2M | $176.9M | $124.7M | $112.1M | $89.3M |
| Property, plant and equipment | — | — | — | $6.1M | $4.4M | $4.8M | $3.7M | $3.6M | $4.3M | $4.6M |
| Total assets | $423.1M | $369.1M | $393.8M | $391.0M | $391.3M | $279.9M | $201.2M | $146.5M | $122.2M | $99.4M |
| Accounts payable | $5.8M | $5.3M | $6.0M | $8.0M | $5.7M | $3.2M | $2.3M | $12.9M | $10.1M | $8.8M |
| Short-term debt | $4.0M | $3.1M | $5.9M | $4.8M | $3.7M | $0 | $0 | $2.4M | $15.5M | $24.8M |
| Total current liabilities | $347.4M | $324.6M | $336.4M | $353.0M | $329.5M | $295.3M | $259.3M | $225.9M | $228.7M | $212.9M |
| Long-term debt | $63.2M | $82.2M | $64.2M | $70.0M | $79.7M | $0 | $0 | $0 | $66.6M | $6.0M |
| Total liabilities | $450.1M | $438.5M | $433.3M | $468.2M | $471.6M | $345.1M | $292.5M | $257.9M | $332.5M | $312.9M |
| Retained earnings | -$201.4M | -$238.5M | -$202.2M | -$228.3M | -$225.8M | -$301.0M | -$314.7M | -$332.2M | -$304.4M | -$251.1M |
| Total equity | -$27.0M | -$69.4M | -$39.5M | -$77.2M | -$80.4M | -$203.1M | -$223.3M | -$230.0M | -$174.1M | -$180.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $60.2M | -$38.8M | $12.5M | $34.9M | $66.9M | $42.1M | $20.4M | $22.4M | $29.2M | -$59.6M |
| Depreciation and amortisation | $3.9M | $3.6M | $2.8M | $2.5M | $2.4M | $1.8M | $1.9M | $1.8M | $2.0M | $1.8M |
| Stock-based compensation | $11.1M | $9.5M | $12.5M | $10.9M | $9.7M | $7.5M | $5.5M | $4.4M | $3.0M | $2.3M |
| Capital expenditure | $4.6M | $3.4M | $7.2M | $4.3M | $2.1M | $1.5M | $1.9M | $1.1M | $1.4M | $1.2M |
| Investing cash flow | -$4.6M | $6.4M | $3.1M | -$24.4M | -$2.1M | -$1.5M | — | — | — | $0 |
| Financing cash flow | -$26.6M | $14.0M | -$6.9M | -$13.6M | -$26.6M | $6.4M | -$5.7M | -$34.8M | -$16.5M | $77.1M |
| Dividends paid | — | — | $0 | $0 | $2.9M | $0 | $0 | — | — | — |
| Buybacks | $7.6M | $0 | $1.0M | $4.7M | $0 | $0 | $0 | — | $143.9M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001635282-26-000044.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $160.2M | $214.9M | $253.5M | $281.1M | $326.8M | $374.4M | $409.7M | $431.5M | $428.8M | $421.5M |
| Gross profit | $93.1M | $132.0M | $157.5M | $175.9M | $200.6M | $238.0M | $257.3M | $269.0M | $261.0M | $254.6M |
| Net income | -$12.9M | -$50.0M | -$64.0M | $21.4M | $11.6M | $75.2M | -$2.5M | $26.1M | -$36.3M | $37.1M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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