RMNI · NASDAQ · Software - Application

Rimini Street (RMNI)

Provides third-party support, managed services, and optimization tools for enterprise software estates.

$5.15
At close−0.05 (−1.06%)
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Rimini Street, Inc.RMNIInformation Technology

Sells subscription support for ERP and other enterprise software, with managed services, consulting, security, interoperability, observability, and Agentic UX around the core support model. Revenue is global and mostly subscription-based, while the Oracle PeopleSoft wind-down remains a current structural dependency.

Provides Rimini Support for Oracle, SAP, VMware, databases, and other enterprise software, then surrounds it with Rimini Manage, Rimini Consult, Rimini Protect, Rimini Connect, Rimini Watch, Rimini Custom, GLAS, and Rimini Agentic UX. Most contracts are subscription support arrangements rather than software sales.

Serves clients globally from a Las Vegas base, with international revenue larger than U.S. revenue and Japan a notable market. Delivery relies on remote and hybrid support teams, client-satisfaction processes, and certified support and security controls.

Operates as a single consolidated segment because services are delivered in similar ways and reviewed together by the founder-CEO. The Oracle PeopleSoft support wind-down, due under the Oracle settlement, remains a structural dependency through the transition.

Company facts

CEOSeth A. Ravin
ListedOct 11, 2017
ExchangeNASDAQ
HeadquartersLas Vegas, NV
CountryUnited States
Employees1,980
CIK0001635282
ISINUS76674Q1076

Market cap$480.8M
EPS (ttm)$0.0821
P/E (ttm)62.73
ROE-31.0%
P/B−28.71
P/S1.12
Dividend yieldDiv yield
Beta1.16vs XLK −0.39

Price target$6.50+26.2%Avg of 5 analysts
ConsensusHold3 of 5 analysts
Ratings

Target rangeAs of Sep 2, 2026

Latest analyst notes

DateFirmActionPrior ratingRating
Dec 17, 2024Craig-HallumUpgradeHoldBuy

Next report
Oct 29, 2026
in 56 days
EPS estimate
$0.10
Revenue estimate
$110.8M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$0.12$0.09−$0.03$0.08$0.07$0.03$0.07Pending
Estimate$0.10$0.09$0.09$0.10$0.09$0.08$0.06$0.10
Surprise+20.0%0.0%−133.3%−20.0%−22.2%−62.5%+21.7%

RevenueReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$114.2M$104.2M$104.1M$103.4M$109.8M$105.5M$108.0MPending
Estimate$102.6M$103.2M$104.8M$105.5M$105.5M$102.7M$106.8M$110.8M
Surprise+11.4%+0.9%−0.7%−1.9%+4.1%+2.7%+1.2%
Estimate$0.10
ReportedDue Oct 29, 2026
Estimate$110.8M
ReportedDue Oct 29, 2026
View details

Current ratio84.00%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$104.7M$114.2M$104.2M$104.1M$103.4M$109.8M$105.5M$111.1M
Net income−$43.1M$6.7M$3.4M$30.3M$2.8M$724.0K$1.4M$2.4M
Net margin0.0%5.8%3.2%29.1%2.7%0.7%1.3%2.2%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$49.6M$14.9M$9.4M$41.2M$4.4M$7.5M$5.2M$6.5M
YoY growth−541.3%−6.1%+48.8%−49.3%−44.4%−84.1%

Balance sheet, Jun 30, 2026Cash & short-term investments $123.4M · Total debt $67.5M · Total assets $384.3M · Shareholders' equity −$16.7M

Revenue
$111.1M
Operating income
$6.5M
Net income
$2.4M
View details

No dividends on record.

Institutions112 holders · as of Mar 31, 202666.66%62.23M shares
Insiders10 holders · as of Jun 4, 20263.69%3.44M shares
Otherremainder29.65%27.69M shares

93.36M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Adams Street Partners LLCInstitution
25.24%23.57M13Fas of Mar 31, 2026
Conifer Management, L.L.C.Institution
6.33%5.91M13Fas of Mar 31, 2026
Brooktree Capital ManagementInstitution
4.24%3.96M13Fas of Mar 31, 2026
BlackRock, Inc.Institution
3.61%3.37M13Fas of Mar 31, 2026
Acadian Asset Management LLCInstitution
2.93%2.73M13Fas of Mar 31, 2026
See all 25

13F — a manager's quarterly holdings

Insider tradesForm 4

DateInsiderRoleSharesAvg price
May 6, 2026Nancy Lyskawaofficer: EVP & Chief Client Officer−5,995$3.94
May 6, 2026Kevin Maddockofficer: EVP,ChiefRecurringRev.Officer−7,485$3.94
May 6, 2026David W. Roweofficer: EVP & Chief Marketing Officer−7,485$3.94
May 6, 2026Michael L. Pericaofficer: EVP & Chief Financial Officer−27,737$3.94
May 6, 2026Seth A. Ravindirector, 10 percent owner, officer: President, CEO & Chairman−57,097$3.94
View details

  • Oracle

    Direct vendor support rival for Oracle software estates

  • SAP (ADR)

    ERP support and AI support rival across SAP estates

  • IBM

    Broad overlap in support, consulting, security, and AI

  • Accenture

    Global SI competitor in managed services, consulting, and AI

  • Broadcom

    VMware support and infrastructure-security rival

  • Wipro (ADR)

    Enterprise applications SI with AI-led modernization overlap

  • Microsoft

    Microsoft software support and Copilot platform overlap

  • Palantir Technologies

    Agentic AI platform rival for enterprise workflow orchestration

Compare

CompanyPriceChange
Rimini Street$5.15−1.06%$480.8M62.712.71.1+3.8%
Oracle$146.35+0.40%$419.83B25.018.16.2+20.6%
SAP (ADR)$213.62+1.89%$244.34B26.522.65.5+5.8%
IBM$232.63+0.41%$218.29B20.518.23.2+1.1%
Accenture$188.60+0.53%$114.85B15.013.11.6+5.6%
Broadcom$356.53−2.99%$1.75T46.921.019.6+85.5%
Wipro (ADR)$1.81+0.39%$17.81B13.517.11.8−1.0%
Microsoft$498.09+0.26%$3.69T27.725.411.1+17.8%
Palantir Technologies$170.25+0.45%$389.09B143.689.263.2+92.8%
Median25.819.65.9+11.8%