RMNI - Rimini Street Inc Stock Price, Fair Value and News

2.80USD+0.01 (+0.36%)Market Closed

Market Summary

USD2.80+0.01

Market Closed

0.36%

RMNI Alerts

1 major insider sales recently.

RMNI Stock Price

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RMNI RSI Chart

RMNI Valuation

Market Cap

252.6M

Price/Earnings (Trailing)

9.69

Price/Sales (Trailing)

0.59

EV/EBITDA

4.06

Price/Free Cashflow

20.26

RMNI Price/Sales (Trailing)

RMNI Profitability

EBT Margin

9.56%

Return on Equity

15.84%

Return on Assets

6.62%

Free Cashflow Yield

4.94%

RMNI Fundamentals

RMNI Revenue

Revenue (TTM)

431.5M

Rev. Growth (Yr)

3.21%

Rev. Growth (Qtr)

4.33%

RMNI Earnings

Earnings (TTM)

26.1M

Earnings Growth (Yr)

277.37%

Earnings Growth (Qtr)

37.49%

Breaking Down RMNI Revenue

Last 7 days

-3.1%

Last 30 days

-10.8%

Last 90 days

-14.1%

Trailing 12 Months

-23.6%

How does RMNI drawdown profile look like?

RMNI Financial Health

Current Ratio

0.86

Debt/Equity

0.4

Debt/Cashflow

0.19

RMNI Investor Care

Shares Dilution (1Y)

1.21%

Diluted EPS (TTM)

0.29

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	417.3M	422.5M	428.0M	431.5M
2022	384.4M	394.0M	400.3M	409.7M
2021	336.6M	349.9M	363.0M	374.4M
2020	293.2M	301.7M	315.1M	326.8M
2019	260.8M	267.3M	273.1M	281.1M
2018	222.0M	233.4M	243.2M	253.5M
2017	174.6M	188.6M	201.5M	212.6M
2016	128.7M	139.2M	149.7M	160.2M
2015	0	0	0	118.2M
2014	0	0	0	85.3M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Rimini Street Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 08, 2024	rowe david w.	sold	-32,413	2.977	-10,888	evp, glob.transform.&cpo
Apr 08, 2024	perica michael l.	sold	-91,060	2.977	-30,588	evp & chief financial officer
Apr 08, 2024	lyskawa nancy	sold	-26,114	2.977	-8,772	evp & chief client officer
Apr 08, 2024	ravin seth a.	sold	-244,325	2.977	-82,071	president, ceo & chairman
Apr 08, 2024	perica michael l.	sold	-9,997	2.93	-3,412	evp & chief financial officer
Apr 08, 2024	maddock kevin	sold	-24,441	2.977	-8,210	evp,chiefrecurringrev.officer
Apr 06, 2024	perica michael l.	acquired	-	-	8,334	evp & chief financial officer
Apr 03, 2024	perica michael l.	acquired	-	-	68,191	evp & chief financial officer
Apr 03, 2024	maddock kevin	acquired	-	-	20,455	evp,chiefrecurringrev.officer
Apr 03, 2024	lyskawa nancy	acquired	-	-	27,121	evp & chief client officer

Which funds bought or sold RMNI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	27,732	84,749	-%
Apr 22, 2024	GERBER, LLC	unchanged	-	-454	148,020	0.12%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	reduced	-66.53	-1,061	531	-%
Apr 15, 2024	Legato Capital Management LLC	added	107	59,342	114,827	0.01%
Apr 15, 2024	EXCHANGE TRADED CONCEPTS, LLC	reduced	-12.51	-52,941	361,482	0.01%
Apr 10, 2024	Banque Cantonale Vaudoise	new	-	88,000	88,000	-%
Apr 09, 2024	ADIRONDACK TRUST CO	unchanged	-	32.00	5,086	-%
Apr 05, 2024	LOS ANGELES CAPITAL MANAGEMENT LLC	added	204	444,796	662,898	-%
Apr 05, 2024	CWM, LLC	new	-	-	-	-%
Apr 03, 2024	Peoples Bank/KS	unchanged	-	-100	32,500	0.03%

Are Funds Buying or Selling RMNI?

Are funds buying RMNI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own RMNI

No. of Funds

RMNI Alerts

1 major insider sales recently.

Unveiling Rimini Street Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	conifer management, l.l.c.	6.62%	5,913,199	SC 13G/A
Jan 02, 2024	127 capital, llc/tx	7.7%	6,917,462	SC 13D
Sep 01, 2023	127 capital, llc/tx	6.19%	5,512,026	SC 13G
Feb 14, 2023	conifer management, l.l.c.	5.57%	4,919,848	SC 13G
Feb 14, 2022	adams street partners llc	27.2%	23,659,431	SC 13D/A
Feb 10, 2022	fmr llc	-	0	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 02, 2022	radcliff river i llc	0.53%	463,874	SC 13G/A
Dec 10, 2021	ravin seth a.	13.68%	11,951,133	SC 13D/A
Dec 10, 2021	fmr llc	-	0	SC 13G

Recent SEC filings of Rimini Street Inc

View All Filings

Date Filed	Form Type	Document
Apr 10, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	PRE 14A	PRE 14A
Apr 05, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading

Peers (Alternatives to Rimini Street Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CRM	268.4B	34.9B	-10.10%	41.95%	64.89	7.7	11.18%	1888.46%
UBER	147.0B	37.3B	-11.78%	130.70%	77.89	3.94	16.95%	120.64%
ADSK	46.6B	5.3B	-17.10%	11.27%	50.83	8.72	9.15%	48.14%
ANSS	28.4B	2.3B	-6.66%	0.93%	56.68	12.5	9.90%	-4.45%
ZM	18.5B	4.5B	-6.58%	-6.35%	29.07	4.09	3.06%	514.65%
MID-CAP
APPF	7.8B	620.4M	-6.00%	66.36%	2.9K	12.6	31.48%	103.97%
LYFT	6.5B	4.4B	-16.12%	65.46%	-19.15	1.48	7.53%	78.52%
AYX	3.4B	970.0M	0.90%	-15.87%	-19.13	3.53	13.46%	43.89%
ALRM	3.3B	881.7M	-9.37%	37.90%	41.12	3.75	4.64%	44.42%
AI	2.7B	296.4M	-19.70%	25.15%	-9.91	9.08	11.14%	-3.59%
AGYS	2.3B	228.1M	6.66%	0.58%	26.28	10.06	18.99%	599.09%
SMALL-CAP
AVID	1.2B	413.5M	0.63%	-1.64%	92.02	2.88	-1.65%	-71.35%
APPS	197.9M	572.4M	-23.83%	-84.12%	-1	0.35	-19.38%	-489.49%
ASUR	179.5M	119.1M	-13.74%	-50.91%	-19.48	1.51	24.27%	36.31%
AEYE	158.8M	31.3M	26.21%	106.70%	-27.05	5.07	4.69%	43.72%

Rimini Street Inc News

Latest updates

Rimini Street Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	4.3%	112	107	106	106	109	102	101	98.00	99.00	96.00	92.00	88.00	88.00	83.00	78.00	78.00	76.00	69.00	70.00	66.00	68.00
Gross Profit	1.6%	68.00	67.00	67.00	66.00	70.00	63.00	64.00	61.00	65.00	62.00	57.00	54.00	54.00	51.00	48.00	48.00	46.00	43.00	45.00	42.00	44.00
Operating Expenses	1.3%	57.00	56.00	57.00	55.00	76.00	61.00	58.00	55.00	52.00	55.00	52.00	52.00	50.00	46.00	43.00	44.00	44.00	41.00	38.00	31.00	37.00
S&GA Expenses	-1.7%	35.00	36.00	37.00	34.00	39.00	36.00	36.00	32.00	32.00	33.00	33.00	30.00	30.00	29.00	27.00	28.00	30.00	27.00	27.00	24.00	25.00
EBITDA Margin	45.7%	0.11*	0.08*	0.05*	0.04*	0.03*	0.06*	0.07*	0.08*	0.06*	0.05*	0.05*	0.04*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.1%	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income Taxes	-50.1%	2.00	4.00	5.00	4.00	1.00	-0.06	3.00	2.00	-60.00	2.00	1.00	2.00	1.00	1.00	1.00	1.00	1.00	0.00	1.00	1.00	0.00
Earnings Before Taxes	5.0%	11.00	11.00	9.00	10.00	-4.19	-0.46	3.00	5.00	10.00	4.00	8.00	-2.03	5.00	5.00	4.00	4.00	1.00	2.00	7.00	11.00	6.00
EBT Margin	59.2%	0.10*	0.06*	0.03*	0.02*	0.01*	0.05*	0.06*	0.07*	0.05*	0.04*	0.04*	0.03*	-	-	-	-	-	-	-	-	-
Net Income	37.5%	9.00	7.00	4.00	6.00	-5.27	-0.40	0.00	3.00	70.00	2.00	7.00	-3.58	4.00	4.00	3.00	3.00	-0.21	1.00	6.00	10.00	5.00
Net Income Margin	126.0%	0.06*	0.03*	0.01*	0.00*	-0.01*	0.18*	0.19*	0.21*	0.20*	0.02*	0.03*	0.02*	-	-	-	-	-	-	-	-	-
Free Cashflow	85.9%	-1.15	-8.14	13.00	9.00	-1.86	-24.02	15.00	46.00	19.00	1.00	23.00	24.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	17.6%	394	335	371	368	391	333	386	388	391	257	272	312	280	220	202	201	201	121	140	124	147
Current Assets	24.4%	289	232	265	262	282	227	281	283	287	212	227	267	233	176	161	160	177	115	133	118	125
Cash Equivalents	6.6%	115	108	124	116	109	119	161	158	120	103	111	153	88.00	84.00	73.00	58.00	38.00	42.00	50.00	33.00	25.00
Net PPE	-	-	-	-	-	-	-	-	-	-	5.00	4.00	5.00	5.00	5.00	3.00	4.00	4.00	4.00	4.00	4.00	4.00
Liabilities	11.7%	433	388	433	438	468	409	463	465	472	417	349	334	345	282	292	293	292	251	270	260	258
Current Liabilities	16.5%	336	289	329	330	353	289	331	320	330	276	293	279	295	240	253	249	259	214	238	229	226
Long Term Debt	-2.2%	64.00	66.00	67.00	69.00	70.00	71.00	73.00	79.00	80.00	81.00	-	-	-	-	-	-	-	-	-	-	-
LT Debt, Current	0%	6.00	6.00	6.00	5.00	5.00	4.00	4.00	4.00	4.00	4.00	-	-	-	-	-	-	-	-	-	1.00	2.00
LT Debt, Non Current	-2.2%	64.00	66.00	67.00	69.00	70.00	71.00	73.00	79.00	80.00	81.00	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings	4.4%	-202	-211	-218	-222	-228	-223	-222	-222	-225	-295	-297	-304	-301	-305	-308	-312	-314	-354	-356	-360	-332
Additional Paid-In Capital	2.1%	168	165	161	158	156	154	152	149	149	140	144	153	98.00	106	84.00	89.00	93.00	98.00	102	105	108
Accumulated Depreciation	-100.0%	-	17.00	17.00	16.00	15.00	15.00	14.00	14.00	13.00	13.00	12.00	12.00	11.00	11.00	11.00	10.00	10.00	10.00	10.00	9.00	9.00
Shares Outstanding	0.3%	90.00	89.00	89.00	89.00	89.00	87.00	87.00	87.00	84.00	83.00	82.00	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	256	-	-	-	224	-	-	-	276	-	-	-	116	-	-	-	108	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	85.9%	-1,146	-8,136	13,106	8,643	-1,859	-24,016	14,924	45,849	19,131	652	22,668	24,494	10,270	-12,411	17,908	26,336	-599	-4,000	18,425	6,560	4,831
Share Based Compensation	10.7%	3,466	3,131	3,949	1,976	2,242	2,443	3,159	3,051	2,606	2,393	2,478	2,233	2,036	2,189	1,726	1,510	1,703	1,621	1,053	1,155	1,251
Cashflow From Investing	339.7%	7,235	-3,018	-794	-346	-10,153	-12,570	-1,237	-485	-653	-	-	-	-17,091	-	-	-	-	-	-	-	-
Cashflow From Financing	0%	-1,772	-1,772	-2,247	-1,101	-1,156	-1,681	-6,633	-4,098	-575	-5,764	-66,134	45,908	-8,748	22,471	-3,665	-3,683	-3,454	-2,947	-569	1,233	-3,188
Dividend Payments	-	-	-	-	-	-	-	-	-	-9,734	2,788	5,882	4,009	-12,914	5,121	5,027	3,931	-	-	-	-	-
Buy Backs	-	-	-	1,014	-	750	-	-	3,240	-	-	-	-	-	-	-	-	-	-	-	-	-15,608

RMNI Income Statement

2023-12-31

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 431,496	$ 409,662	$ 374,430
Cost of revenue	162,513	152,385	136,464
Gross profit	268,983	257,277	237,966
Operating expenses:
Sales and marketing	142,339	143,018	128,496
General and administrative	73,044	75,367	64,172
Impairment charges related to operating lease right-of-use assets	0	3,013	1,649
Reorganization costs	59	2,525	0
Litigation costs and related recoveries:
Litigation settlement expense	2,743	0	7,530
Professional fees and other costs of litigation	7,033	25,654	16,457
Insurance costs and recoveries, net	0	(389)	(7,111)
Litigation costs and related recoveries, net	9,776	25,265	16,876
Total operating expenses	225,218	249,188	211,193
Operating income	43,765	8,089	26,773
Non-operating expenses:
Interest expense	(5,522)	(4,271)	(1,550)
Loss from change in fair value of redeemable warrants	0	0	(4,183)
Other income (expenses), net	2,989	(13)	(1,605)
Income before income taxes	41,232	3,805	19,435
Income taxes	15,173	6,285	(55,784)
Net income (loss)	26,059	(2,480)	75,219
Other comprehensive income:
Foreign currency translation gain (loss)	442	(2,480)	(2,406)
Derivative instrument and other adjustments, net of tax	(414)	1,009	0
Comprehensive income (loss)	26,087	(3,951)	72,813
Net income (loss) attributable to common stockholders	$ 26,059	$ (2,480)	$ 45,197
Net income (loss) per share attributable to common stockholders - basic (in usd per share)	$ 0.29	$ (0.03)	$ 0.54
Net income (loss) per share attributable to common stockholders - diluted (usd per share)	$ 0.29	$ (0.03)	$ 0.51
Weighted average number of shares of Common Stock outstanding - basic (shares)	89,073	87,672	84,318
Weighted average number of shares of Common Stock outstanding - diluted (shares)	89,536	87,672	88,970

RMNI Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 115,424	$ 109,008
Restricted cash	428	426
Accounts receivable, net of allowance of $656 and $723, respectively	119,430	116,093
Deferred contract costs, current	17,934	17,218
Short-term investments	9,826	20,115
Prepaid expenses and other	25,647	18,846
Total current assets	288,689	281,706
Long-term assets:
Property and equipment, net	10,496	6,113
Operating lease right-of-use assets	5,941	7,142
Deferred contract costs, noncurrent	23,559	23,508
Deposits and other	6,109	7,057
Deferred income taxes, net	59,002	65,515
Total assets	393,796	391,041
Current liabilities:
Current maturities of long-term debt	5,912	4,789
Accounts payable	5,997	8,040
Accrued compensation, benefits and commissions	38,961	37,459
Other accrued liabilities	18,128	32,676
Operating lease liabilities, current	4,321	4,223
Deferred revenue	263,115	265,840
Total current liabilities	336,434	353,027
Long-term liabilities:
Long-term debt, net of current maturities	64,228	70,003
Deferred revenue, noncurrent	23,859	34,081
Operating lease liabilities, noncurrent	6,841	9,094
Other long-term liabilities	1,930	2,006
Total liabilities	433,292	468,211
Commitments and contingencies (Note 10)
Stockholders’ deficit:
Preferred stock, $0.0001 par value per share. Authorized 99,820 shares (excluding 180 shares of Series A Preferred Stock); no other series has been designated	0	0
Common stock, $0.0001 par value. Authorized 1,000,000 shares; issued and outstanding 89,595 and 88,517 shares, respectively	9	9
Additional paid-in capital	167,988	156,401
Accumulated other comprehensive loss	(4,167)	(4,195)
Accumulated deficit	(202,210)	(228,269)
Treasury stock	(1,116)	(1,116)
Total stockholders’ deficit	(39,496)	(77,170)
Total liabilities, redeemable preferred stock and stockholders’ deficit	$ 393,796	$ 391,041

About Rimini Street Inc

Rimini Street, Inc. provides enterprise software products, services, and support for various industries. The company offers application management services for Oracle and SAP enterprise software products. It also provides Rimini ONE, an outsourcing option that offers a set of unified and integrated services to run, manage, support, customize, configure, connect, protect, monitor, and optimize its clients' application, database, and technology enterprise software; Rimini Support solution for a range of enterprise software vendors, product families and product lines; Rimini Manage, a suite of managed services for application and database software; Rimini Protect, a suite of managed security solutions for applications, databases, and technology infrastructure; and Rimini Connect, a suite of managed interoperability solutions for browsers, operating systems, and email systems. In addition, the company offers Rimini Watch, a suite of observability solutions that include monitoring and system health check solutions; and Rimini Consult, a suite of professional services for clients' enterprise software customization, configuration, implementation, integration, interoperability, migration, staff augmentation, and other project needs. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific. The company was incorporated in 2005 and is headquartered in Las Vegas, Nevada.

CEO	Mr. Seth A. Ravin
WEBSITE	riministreet.com
INDUSTRY	Software - Apps
EMPLOYEES	1940

Rimini Street Inc Frequently Asked Questions

What is the ticker symbol for Rimini Street Inc? What does RMNI stand for in stocks?

RMNI is the stock ticker symbol of Rimini Street Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Rimini Street Inc (RMNI)?

As of Tue Apr 23 2024, market cap of Rimini Street Inc is 252.57 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RMNI stock?

You can check RMNI's fair value in chart for subscribers.

What is the fair value of RMNI stock?

You can check RMNI's fair value in chart for subscribers. The fair value of Rimini Street Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Rimini Street Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RMNI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Rimini Street Inc a good stock to buy?

The fair value guage provides a quick view whether RMNI is over valued or under valued. Whether Rimini Street Inc is cheap or expensive depends on the assumptions which impact Rimini Street Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RMNI.

What is Rimini Street Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, RMNI's PE ratio (Price to Earnings) is 9.69 and Price to Sales (PS) ratio is 0.59. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RMNI PE ratio will change depending on the future growth rate expectations of investors.