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

2.42USD-0.03 (-1.22%)Delayed as of 08 May 2024, 03:01 pm ET

Market Summary

USD2.42-0.03

Delayedas of 08 May 2024, 03:01 pm

-1.22%

RMNI Alerts

1 major insider sales recently.

RMNI Stock Price

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RMNI RSI Chart

RMNI Valuation

Market Cap

221.5M

Price/Earnings (Trailing)

10.2

Price/Sales (Trailing)

0.51

EV/EBITDA

3.61

Price/Free Cashflow

14.85

RMNI Price/Sales (Trailing)

RMNI Profitability

EBT Margin

7.94%

Return on Equity

-59.81%

Return on Assets

6.18%

Free Cashflow Yield

6.73%

RMNI Fundamentals

RMNI Revenue

Revenue (TTM)

432.7M

Rev. Growth (Yr)

1.17%

Rev. Growth (Qtr)

-4.79%

RMNI Earnings

Earnings (TTM)

21.7M

Earnings Growth (Yr)

-76.95%

Earnings Growth (Qtr)

-86.1%

Breaking Down RMNI Revenue

52 Week Range

2.085.32

(Low)(High)

Last 7 days

-7.5%

Last 30 days

-14.6%

Last 90 days

-21.4%

Trailing 12 Months

-38.3%

How does RMNI drawdown profile look like?

RMNI Financial Health

Current Ratio

0.85

Debt/Equity

-1.73

Debt/Cashflow

0.24

RMNI Investor Care

Shares Dilution (1Y)

1.68%

Diluted EPS (TTM)

0.24

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	432.7M	0	0	0
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

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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?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	SG Americas Securities, LLC	sold off	-100	-39,000	-	-%
May 06, 2024	BROOKTREE CAPITAL MANAGEMENT	reduced	-1.8	-175,476	8,161,920	6.30%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	sold off	-100	-276,223	-	-%
May 06, 2024	Jefferies Financial Group Inc.	new	-	456,175	456,175	-%
May 06, 2024	Quantbot Technologies LP	unchanged	-	-63.00	20,538	-%
May 06, 2024	LSV ASSET MANAGEMENT	added	799	1,511,000	1,701,000	-%
May 03, 2024	GSA CAPITAL PARTNERS LLP	reduced	-67.97	-604,000	284,000	0.02%
May 02, 2024	NJ State Employees Deferred Compensation Plan	unchanged	-	-240	78,240	0.01%
May 02, 2024	NISA INVESTMENT ADVISORS, LLC	added	75.34	358	835	-%
May 01, 2024	Mirae Asset Global Investments Co., Ltd.	new	-	74,370	74,370	-%

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
May 02, 2024	10-Q	Quarterly Report
May 02, 2024	4	Insider Trading
May 02, 2024	8-K	Current Report
May 01, 2024	3	Insider Trading
Apr 29, 2024	ARS	ARS
Apr 29, 2024	DEF 14A	DEF 14A
Apr 10, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	PRE 14A	PRE 14A
Apr 08, 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	268.8B	34.9B	-8.21%	40.03%	64.99	7.71	11.18%	1888.46%
UBER	146.2B	37.3B	-8.76%	81.30%	77.47	3.92	16.95%	120.64%
ADSK	45.9B	5.3B	-12.38%	11.70%	50.03	8.58	9.15%	48.14%
ANSS	28.4B	2.2B	-4.94%	10.42%	65.29	12.74	3.59%	-21.47%
ZM	18.7B	4.5B	-1.27%	-1.26%	29.32	4.13	3.06%	514.65%
MID-CAP
APPF	9.0B	671.8M	7.08%	80.52%	117.26	13.35	33.64%	185.98%
LYFT	6.4B	4.4B	-7.01%	94.26%	-18.78	1.45	7.53%	78.52%
ALRM	3.5B	881.7M	0.94%	51.68%	43.39	3.95	4.64%	44.42%
AYX	3.4B	970.0M	0.90%	-15.87%	-19.13	3.53	13.46%	43.89%
AI	3.0B	296.4M	-1.51%	28.86%	-10.99	10.07	11.14%	-3.59%
AGYS	2.2B	228.1M	-1.05%	5.96%	25.28	9.68	18.99%	599.09%
SMALL-CAP
AVID	1.2B	413.5M	0.63%	-1.64%	92.02	2.88	-1.65%	-71.35%
AEYE	222.2M	31.6M	107.65%	183.16%	-37.84	7.03	2.76%	43.72%
APPS	220.4M	572.4M	-0.46%	-81.88%	-1.11	0.39	-19.38%	-489.49%
ASUR	188.2M	117.7M	-2.80%	-45.81%	-19.08	1.6	12.54%	11.24%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-4.8%	107	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
Gross Profit	-6.7%	64.00	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
Operating Expenses	6.4%	60.00	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
S&GA Expenses	11.9%	39.00	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
EBITDA Margin	-13.6%	0.10*	0.11*	0.08*	0.05*	0.04*	0.03*	0.06*	0.07*	0.08*	0.06*	0.05*	0.05*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.0%	1.00	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
Income Taxes	-16.7%	2.00	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
Earnings Before Taxes	-73.7%	3.00	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
EBT Margin	-16.9%	0.08*	0.10*	0.06*	0.03*	0.02*	0.01*	0.05*	0.06*	0.07*	0.05*	0.04*	0.04*	-	-	-	-	-	-	-	-	-
Net Income	-86.1%	1.00	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
Net Income Margin	-16.9%	0.05*	0.06*	0.03*	0.01*	0.00*	-0.01*	0.18*	0.19*	0.21*	0.20*	0.02*	0.03*	-	-	-	-	-	-	-	-	-
Free Cashflow	1067.5%	11.00	-1.15	-8.14	13.00	9.00	-1.86	-24.02	15.00	46.00	19.00	1.00	23.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-10.8%	351	394	335	371	368	391	333	386	388	391	257	272	312	280	220	202	201	201	121	140	124
Current Assets	-14.0%	248	289	232	265	262	282	227	281	283	287	212	227	267	233	176	161	160	177	115	133	118
Cash Equivalents	12.1%	129	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
Net PPE	-	-	-	-	-	-	-	-	-	-	-	5.00	4.00	5.00	5.00	5.00	3.00	4.00	4.00	4.00	4.00	4.00
Liabilities	-10.6%	388	433	388	433	438	468	409	463	465	472	417	349	334	345	282	292	293	292	251	270	260
Current Liabilities	-13.0%	293	336	289	329	330	353	289	331	320	330	276	293	279	295	240	253	249	259	214	238	229
Long Term Debt	-2.3%	63.00	64.00	66.00	67.00	69.00	70.00	71.00	73.00	79.00	80.00	81.00	-	-	-	-	-	-	-	-	-	-
LT Debt, Current	0.0%	6.00	6.00	6.00	6.00	5.00	5.00	4.00	4.00	4.00	4.00	4.00	-	-	-	-	-	-	-	-	-	1.00
LT Debt, Non Current	-100.0%	-	64.00	66.00	67.00	69.00	70.00	71.00	73.00	79.00	80.00	81.00	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	8.1%	-36.31	-39.50	-	-	-70.12	-77.17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings	0.7%	-200	-202	-211	-218	-222	-228	-223	-222	-222	-225	-295	-297	-304	-301	-305	-308	-312	-314	-354	-356	-360
Additional Paid-In Capital	1.5%	171	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
Accumulated Depreciation	4.4%	19.00	18.00	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
Shares Outstanding	0.4%	90.00	90.00	89.00	89.00	89.00	89.00	87.00	87.00	87.00	84.00	83.00	-	-	-	-	-	-	-	-	-	-
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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	1067.5%	11,088	-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
Share Based Compensation	-26.2%	2,558	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
Cashflow From Investing	19.6%	8,654	7,235	-3,018	-794	-346	-10,153	-12,570	-1,237	-485	-653	-	-	-	-17,091	-	-	-	-	-	-	-
Cashflow From Financing	-0.2%	-1,775	-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
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	-	-	-	-	-	-	-	-	-	-	-	-

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RMNI Income Statement

2024-03-31

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 106,745	$ 105,512
Cost of revenue	42,914	39,343
Gross profit	63,831	66,169
Operating expenses:
Sales and marketing	39,141	34,479
General and administrative	18,401	18,227
Reorganization costs	0	59
Litigation costs and related recoveries:
Professional fees and other costs of litigation	2,926	2,719
Litigation costs and related recoveries, net	2,926	2,719
Total operating expenses	60,468	55,484
Operating income	3,363	10,685
Non-operating income and (expenses):
Interest expense	(1,341)	(1,339)
Other income (expenses), net	964	528
Income before income taxes	2,986	9,874
Income taxes	(1,669)	(4,235)
Net income	1,317	5,639
Other comprehensive income
Foreign currency translation gain (loss)	(991)	139
Derivative instrument and other adjustments, net of tax	300	(775)
Comprehensive income	626	5,003
Net income attributable to common stockholders	$ 1,317	$ 5,639
Net income per share attributable to common stockholders:
Basic (in dollars per share)	$ 0.01	$ 0.06
Diluted (in dollars per share)	$ 0.01	$ 0.06
Weighted average number of shares of Common Stock outstanding:
Weighted average number of shares outstanding, basic (shares)	89,754	88,690
Weighted average number of shares outstanding, diluted (shares)	90,560	89,061

RMNI Balance Sheet

2024-03-31

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 129,005	$ 115,424
Restricted cash	428	428
Accounts receivable, net of allowance of $629 and $656, respectively	78,785	119,430
Deferred contract costs, current	17,215	17,934
Short-term investments	0	9,826
Prepaid expenses and other	22,948	25,647
Total current assets	248,381	288,689
Long-term assets:
Property and equipment, net of accumulated depreciation and amortization of $19,030 and $18,231, respectively	10,713	10,496
Operating lease right-of-use assets	5,257	5,941
Deferred contract costs, noncurrent	21,769	23,559
Deposits and other	5,506	6,109
Deferred income taxes, net	59,569	59,002
Total assets	351,195	393,796
Current liabilities:
Current maturities of long-term debt	5,914	5,912
Accounts payable	3,612	5,997
Accrued compensation, benefits and commissions	31,005	38,961
Other accrued liabilities	17,959	18,128
Operating lease liabilities, current	4,357	4,321
Deferred revenue, current	229,988	263,115
Total current liabilities	292,835	336,434
Long-term liabilities:
Long-term debt, net of current maturities	62,781	64,228
Deferred revenue, noncurrent	24,318	23,859
Operating lease liabilities, noncurrent	5,815	6,841
Other long-term liabilities	1,758	1,930
Total liabilities	387,507	433,292
Commitments and contingencies (Note 8)
Stockholders’ deficit:
Preferred stock; $0.0001 par value. Authorized 99,820 (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 89,931 and 89,595 shares, respectively	9	9
Additional paid-in capital	170,546	167,988
Accumulated other comprehensive loss	(4,858)	(4,167)
Accumulated deficit	(200,893)	(202,210)
Treasury stock, at cost	(1,116)	(1,116)
Total stockholders' deficit	(36,312)	(39,496)
Total liabilities and stockholders' deficit	$ 351,195	$ 393,796

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 May 07 2024, market cap of Rimini Street Inc is 221.5 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 May 07 2024, RMNI's PE ratio (Price to Earnings) is 10.2 and Price to Sales (PS) ratio is 0.51. 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.