# Rimini Street, Inc. (RMNI)

> Source: Nexqual · https://nexqual.com/RMNI · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Rimini Street, Inc. (RMNI), nexqual.com/RMNI" · informational, not investment advice.

**Price:** USD 4.09 (-0.97% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 4.09 · day 4.05–4.2 · 52w 2.87–5.68 · market cap null · NGM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $430M, net income $7.2M (1.7% margin), free cash flow $63.9M (SEC filings).
- 2 of 80 tracked superinvestors hold RMNI (13F, Q2 2026): 0 new, 0 added, 1 reduced, 1 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (4 analysts), mean target USD 7 (range 6.5–8).
- Total return with dividends: 1Y -8.9% vs S&P 500 +14.9%; 5Y -58.9% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.1, revenue estimate $111M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $374M | $410M | $431M | $429M | $422M | $430M |
| Gross profit | $238M | $257M | $269M | $261M | $255M | — |
| Operating income | $26.8M | $8.1M | $43.8M | -$32.1M | $59.9M | $20.5M |
| Net income | $75.2M | -$2.5M | $26.1M | -$36.3M | $37.1M | $7.2M |
| EPS (diluted) | $0.51 | -$0.03 | $0.29 | -$0.40 | $0.39 | — |
| Free cash flow | $64.8M | $30.6M | $5.3M | -$42.2M | $55.6M | $63.9M |
| Gross margin | 63.6% | 62.8% | 62.3% | 60.9% | 60.4% | — |
| Operating margin | 7.2% | 2.0% | 10.1% | -7.5% | 14.2% | 4.8% |
| Net margin | 20.1% | -0.6% | 6.0% | -8.5% | 8.8% | 1.7% |
| Revenue growth | +14.6% | +9.4% | +5.3% | -0.6% | -1.7% | — |
| Cash + short-term investments | $120M | $129M | $125M | $88.8M | — | — |
| Total debt | $83.3M | $74.8M | $70.1M | $85.3M | $67.2M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)

P/E at fiscal year-ends: Dec 2025 9.9x, Dec 2023 11.2x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold RMNI. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Greg Alexander | Conifer Management | 4.15% | $25.2M | Unchanged |
| Ruane Cunniff | Ruane Cunniff LP | <0.01% | $143K | Reduced -4.5% |

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 4 analysts; mean target USD 7 (low 6.5, high 8).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-28 | TD Cowen | Target raised | Hold | $4.5 → $5 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -8.9% | -58.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -8.9% | -16.3% |
| Volatility (annualized) | 48.3% | 67.0% |
| Max drawdown | -36.0% (Oct 2025→Feb 2026) | -83.5% (Oct 2021→Oct 2024) |

## Peers (Software - Application)
APPF (AppFolio, Inc.) USD 217.33 +0.06% · DSGX (The Descartes Systems Group Inc) USD 94 +1.74% · TTAN (ServiceTitan, Inc.) USD 85.2 +3.50% · IDCC (InterDigital, Inc.) USD 332.06 -0.78% · YMM (Full Truck Alliance Co. Ltd.) USD 8.35 -1.76% · PCOR (Procore Technologies, Inc.) USD 62.29 +2.27%

## More
Full page: https://nexqual.com/RMNI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.10 | $0.11 | -11.8% | $110.8M | 2 |
| Next quarter (ends 2026-12-31) | $0.15 | $0.17 | -10.0% | $117.9M | 2 |
| Current fiscal year (ends 2026-12-31) | $0.35 | $0.38 | -8.7% | $442.4M | 2 |
| Next fiscal year (ends 2027-12-31) | $0.48 | $0.51 | -6.5% | $467.1M | 2 |