Rimini Street, Inc. (RMNI) Stock

Rimini Street, Inc. (RMNI) is a Technology stock trading at $5.27 (as of 2026-08-21), with a market capitalization of $491.99M and a trailing P/E of 67.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Rimini Street, Inc. provides enterprise software products, services, and support, including software support for Oracle and SAP enterprise software products. It sells its offerings through direct sales organizations across North America, Latin America, Europe, Africa, the Middle East, and parts of Asia and Asia-Pacific.

Understand Rimini Street, Inc.: how it makes money

Rimini Street provides enterprise software products, services, and support for Oracle and SAP, and it makes money primarily from subscription-based support sold through direct sales organizations.

The profit engine is recurring, contract-supported software support, evidenced by Annual Recurring Revenue of 0.4B USD and substantial Non-Cancellable Future Revenue of 0.55B USD, supported by service subscription Revenue Retention Rate of 88% and 81% Non-Cancellable Subscription Revenue Percentage (At Least Twelve Months).

Revenue by segment (latest quarter)
US	$0.1B
Intl	$0.1B

Business quality (Weak): Data quality is moderate for operations, with clear recurring metrics (ARR, retention, non-cancellable future revenue) and a limited, partial view of segment revenue (only US vs International provided), so deeper mix insights are constrained.

Valuation: Trades at 12× trailing earnings · $0B market cap.

Bull case

Recurring revenue visibility: Annual Recurring Revenue is 0.4B USD, and Non-Cancellable Future Revenue is 0.55B USD, indicating a meaningful portion of support is contractually supported.
Service subscription stickiness: Revenue Retention Rate for Service Subscriptions is 88%, and 81% of non-cancellable subscription revenue is at least twelve months.
Global customer footprint: The company sells primarily through direct sales organizations across North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific, with International Revenue of 0.06B USD.

Bear case

Lower profitability versus gross margin: Operating margin is 4.6%, so earnings performance likely depends on controlling operating costs while sustaining recurring support revenue.
Retention is solid but not perfect: Service subscription Revenue Retention Rate is 88%, which still implies some revenue churn relative to a fully retained base.
Limited contribution from one-time revenue (per provided data): One-Time Revenue Recognition is listed as 0.0B, so the model shown in the provided dataset relies heavily on subscription-like revenue rather than one-time items.

Valuation — source: SEC EDGAR (first-party)
Price	$5.27
Market Cap	$491.99M
P/E Ratio	67.9
EV / EBITDA	16.8
Price / Sales	1.14
FCF Yield	13.0%
DCF Value (model)	$1.47
DCF Upside vs Price	-72.1%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$421.54M
Net Margin	8.8%
Revenue Growth (YoY)	6.7%
EPS Growth (YoY)	-90.9%
FCF Growth (YoY)	-87.8%

Financial Health — source: SEC EDGAR
Altman Z-Score	1.31 (distress)
Piotroski F-Score	6/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	67.9
Sector P/E (Technology)	33.9
Industry P/E (Business Services)	29.9
vs Sector	100.4%
vs Industry	127.2%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	ADAMS STREET PARTNERS LLC ($77.29M)
Institutional Holders Tracked	10

Company
Sector	Technology
Industry	Business Services
CEO	Seth A. Ravin
Employees	2,000
Country	US
IPO Date	2015-08-28

Related Companies (Business model: IT Services / Consulting and Managed Services; 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.